Dxy rejection from 105 level which is also perior resistance there is also trendline in play if we see hold above 105 in the monday that door open to buyers
1) Broadening Wedge pattern stpotted 2) Broken support. Previous support potentially will be the new resistance. 3) Next support level = 104 4) breaking below 104 is going to take us back down to 103 support level.
This seems rather logical and most likely the final run higher before what looks like multi year reversal
Unmitigated GAP from Nov. 2023 about to be filled & then we expect a reversal AUDUSD, EURUSD, GBPUSD being bullish support our trend idea that DXY is weak & making a final run to gather liquidity. This move cannot be stopped Expect strong bullish trend on xxx-usd pairs
The objectives are clear for next week. Overall pretty bullish on dollar. The monthly high is the draw on liquidity. The only question is how should dollar get up to that level. If we get a manipulation leg down, below the previous week low ( 105.741), that would be the first level/area where I would watch for the first opportunities upward. For that I would...
NFP killed a lot of accounts and my job is to make sure you are always on the right side of the coin and you don't overtrade and you get it right, this is the structure we will be following for this coming week and we will stick this trading plan, stay tuned do well to like share and follow.
DXY RED FOLDER WEEK Analysis Mid April Price creeped up into the noted SIBI on the daily chart. I had a feeling that price might be turning around after the last 5 months of this bull run to seek the equilibrium level. I need more price action to confirm my bias sentiment. Is this a false break to the down side? My target for the week was the noted sell stops...
DXY is oversold. Possible bullish news for usd to send it up. Possible EU and GU bears but liquidity grab is almost certain to take out early buyers.
Considering that the index has crossed the support range, it is expected that the continuation of the downward trend will be formed until the specified support levels. In this case, a medium-term downward trend will probably be formed
The recent movements in the USD Dollar have caught the attention of investors and forex traders alike. As the USD Dollar retraces back to $104.5, there are several advantages for both stock investment and forex trading that can be capitalized upon. Let's explore them in point form with emojis: Advantages of Stock Investment: 1. 💼 Diversification: Investing in...
time for a superscholar update: SPX looking to be waiting to apply resistance test on the trend its just leaving and potentially send it lower confirming its downward momentum. MMTH is showing signs of weakness foretelling a lot of companies are losing 200 SMA average advantage in sentiment DXY seems to be flush with the bearish trend that doesnt have enough...
The trend line has been tested but not crossed, we have set this as a buy zone, if it breaks out all we will do is I mentioned this region in the update of the analysis I shared this morning. You can see it in the quote. I'm still looking for shorts on the EUR pair.
DXY has broken out of its range and currently heading towards the 108's. From a HTF perspective we are still trading within a range. Nothing new...nothing shinier we are still within the same previous HTF range. IF we hold these current levels we should expect a higher DXY and lower indices, crypto and stocks. IF we fail to hold these current highs expect...
The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners'
Hola Ola Hello Traders, This is our master plan to Heist Bearish side of DXY market. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone it is High risk Dangerous area Consolidation will happen Bull Trend will continue to go Upside.. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support...
Here is my analyse on DXY and I'm on a good running profit. For those who did not catch this move, wait for a retest on the blue zone to execute a trade or once all entry are fulfilled.
buy AUDUSD EURUSD AND GNPUSD as dollar index hit monthly resistance. This is intra day idea not swing.
Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 105.370. Taking into consideration the structure & trend analysis, I believe that the market will reach 106.731 level soon. P.S The term oversold refers to a...