In my opinion, the correction of the dollar has been completed and this index has started moving to break the level of 121 by completing the money back with the local support of the rand number 100, and this is a warning for other markets.
"Beta version whale"
The US Dollar gave a positive outlook on wednesday from positive CPI data. The dollar has now confirmed to be positive for the upcoming weeks with some corrections there and there.
The following pairs will go as follows:
- XXX/USD pairs will sell
- USD/XXX pairs will buy
Positivity is still strongly controlling the dollar index, and this will lead it to the resistance above and face an area of weakness. Then let us see what will happen.
*In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this...
US Dollar flirts with a fresh six-month high as traders divide markets in weak and strong currencies
The US Dollar locks in gains for this Friday and this week, trading at the strongest level since early-November. Traders are pushing the Greenback higher while markets are diving the forex markets in two camps with weaker-for-longer and stronger-for-longer...
If DXY drops the gold and SPX500 usually pump... Im not sure the dollar is done yet.. It have a nice support on the daily cloud and the 200 MA.. One more day off dump then it reverse again.. I think the gap at 106.6 will be filled befor we can talk about a reversal off the trend.. time will show :) trade safe :)
Based on the positive economic data from the US session last week, it appears that the US Dollar is currently at a strong level and poised for potential long-term highs. However, it's important to exercise caution and closely monitor the currency's movements.
Observing recent trends, the US Dollar has approached the top trend line twice but has yet to break...
Hey traders Congratulations..
"Unlocking the Potential: DXY Analysis Indicates Long-Term Highs Ahead"
In the dynamic world of forex trading, the US Dollar Index (DXY) stands out as a key indicator of global economic health. Recent analysis suggests that the DXY is gearing up for a significant move towards long-term highs, presenting a compelling opportunity for...
The dollar can once again try its luck to cross the 121 channel and it seems that from November 2023 we will have a one-year upward rally for the US dollar.
In our last analysis, the DXY TVC:DXY moved as we had anticipated. Right now the bullish scenario is dominant, but DXY is overbought and hit a resistance.
So there is a chance that price make some retracement.
Our technical view has been shown in the chart.
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Team...
Please, check our technical outlook for DXY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 105.862.
The above observations make me that the market will inevitably achieve 105.500 level.
P.S
Please, note that an oversold/overbought condition can...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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DXY QUICK UPDATE 📚
👉 As we can see price is still overall bullish trading inside this rising broadening wedge pattern making clean higher highs and higher lows, and price recently rejected our lower zone and traded higher...
Hello Traders !
Yesterday, The Dollar Index Broke The Resistance Level (104.976 - 104.810).
This Resistance Level Becomes a New Support Level !
So, I Expect a Bullish Move 📈.
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TARGET: 105.770🎯
Previous Analysis:
DXY: Price Managed To Develop Above 105.00
From yesterday's analysis, DXY developed above 105 even after the ECB meeting.
Despite the hawkish tones from the ECB President Lagarde, we say the dollar index keeps the bullish tone strong.
The focus came back on the FOMC rate decision during the coming meeting and the possibility that the FED will not cut rates...
The U.S. Dollar Index (DXY) hit the first out of our two bullish targets (January 24, see chart below), and despite a minor divergence, remains well within our pattern:
That is the 2nd Bullish Leg of the long-term Channel Up pattern. We are past a 1D Golden Cross with the short-term pull-back finding support on the 1D MA50 (blue trend-line). The last 1D...
With today's close later today the bias is clear for tomorrow so far.
Will we take the ERL tomorrow, entry wise for the move only time will tell but I know what I'm looking for my entry function to be valid.
OANDA:EURUSD
TVC:DXY
Considering the completion of the correction pattern at the support levels and the start of the recent upward trend, we expect to witness the continuation of the upward trend.
The level of 138% of the target can be reasonable and maybe minimal
Based on charting and other esoteric ideas; I see the end of the dollar as we know it today April 2024 as the leading word currency.
I've had this prediction for some time, only now posting for record.
Time will tell.
