DXY Close To a Big Price Reversal
DXY is about to complete a big harmonic pattern on the daily chart.
This shows that we may have a weaker USD during the coming days.
The reason can be related to the FOMC and when the rate cut will happen.
It's unclear if the market sees the FED hawkish comments as positive or negative about the future of the USD.
During this...
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...
Pair : DXY INDEX
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Fibonacci Level - 78.60%
In times of market uncertainty, investors often seek refuge in assets considered safe havens, such as gold and the US Dollar Index (DXY). While traditionally these two assets exhibit a negative correlation, meaning when one rises, the other tends to fall, their simultaneous ascent during periods of uncertainty might seem counterintuitive at first glance. However,...
Hi friends, mates and Trading community so here i want to share my analysis on Dollar index on weekly time frame according to the my observations based on price action and trend analysis.
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Overview:
The DXY Dollar Index is currently undergoing intricate price action dynamics, characterized by fluctuations within key levels. Understanding these levels and potential scenarios is crucial for navigating the market effectively.
Key Levels:
1. Support Levels:
- Notable support lies at , representing a significant area where buying pressure has...
Short-term DXY Analysis: Navigating a Diamond Bottom 📈💎
The US Dollar Index (DXY) is a critical indicator for currency traders, reflecting the strength of the USD against a basket of major currencies. As of mid-April 2024, here's a concise analysis based on the current market scenario, recent technical patterns observed, and economic events:
Diamond Bottom...
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...
It is expected that after some fluctuation in the resistance range, the continuation of the corrective trend will be formed. With the breaking of the support trend line, it will be possible to continue the correction process.
If the price crosses the green resistance range, the upward trend is likely to continue
I'm getting in to this trade now...who ever see's it on time can jump in with me
with tell i'll explain to you guys how i trade...for now ill just be post trade setup.
Use proper risk Management
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
