In this presentation, we conduct an in-depth examination of the technical aspects related to the DXY. Our evaluation uncovers a possible trading prospect. We conduct a detailed review of the prevailing price movements, examine the market's framework with precision, and take into account the forces at play in the market. Given the advantageous circumstances, we...
I will be looking for pairs that correlate with the dollar. I will be looking for buy entries. DXY broke at least 2 BOS. Dollar formed a head and shoulders and now its ready to rock and roll down this hill.
My over view on the DXY looks bearish since price broke out of the bullish channel and retested the support levels on the channel..CPI is coming and am hoping that it will be the one pushing it to the downside.
Remember NEWS create Volume not direction..
Hi everyone!
Im watching DXY ( Dollar Index ) as a running flat which is about to be completed and beacuse of that I will be watching for buy setups.
I will not buy based on the analyisis and beacuse of that I will search for Lower Timeframe Confirmation before buying it.
Good Luck !
DXY & XAU/USD
DOLLAR:
- Currently price broke above the weekly OB
- created a new daily breaker block
GOLD:
- Price making new all time highs
- Price rejected $2400
- Possible retracement before next up leg
DXY: Another move up is possible
The price is showing the possibility for another bullish wave inside the "Ascending Channel" Pattern. We may see DXY rising further up to 105.00 as a minimum.
A move below the pattern can push it further.
You may watch the video for further details
Plan your trade, Trade your plan, and use proper risk management.
We are not...
I'm closely monitoring the DXY (US Dollar Index) for indications of the dollar's trajectory into the weekend and early next week. The US dollar's influence on global markets makes the DXY a critical reference point for traders.
Given the strong correlation between many currency pairs and the US dollar, the DXY's current position at a key resistance level...
Day late lol but here is the Weekly breakdown on DXY, US30, Gold and of course my favorite Forex. News to look out for this week is ADP Non Farm and of course Friday NFP ( Non Farm Payroll) Give a breakdown and analysis of all above.
DXY is in the main supply zone. The month of March did NOT break Feb high. We may start to see some signs of a bearish trend this month. However, we are so so close to the monthly orderblock. I will be looking to see if the Dollar will continue to drop
The DXY's daily chart suggests a bullish continuation. A Fibonacci retracement could offer a favorable long entry point. Target potential profits at previous swing highs. (Disclaimer: For educational purposes only.)
