DXY might like to go down after testing the marked levels, as it broke the level before.
US Dollar loses ground on the back of lower Treasury yields The US Dollar Index (DXY) is currently trading at 104.12, remaining rather neutral. Markets stand largely quiet as the week's highlight is the release of March’s US Consumer Price Index (CPI) figures on Wednesday. In the meantime, declining US Treasury yields seem to be weakening the US Dollar, and minor...
IF we all recall the FED session right before 2024 and how they hinted market on upcoming low inflation in 2024 and just less than 24 hours RUSSIA replied with attack on UKRAINE in big scale . this event took place at the same time that DXY was visiting 100 followed by FED interview. Against all odds DXY got heavily supported and HIKED again ! AT the time market...
We have a head and shoulders on USD index my prediction is that we are going to test around the golden zone and trend line 🙏🏽🎯💯 let's wait and see
It is expected that the index will fluctuate above the current support range and then we will witness the start of an upward trend. After crossing the support zone, the correction process will continue
DXY still on a bearish trend as you could see and expected the usd is dropping giving us a advantage on XAUUSD it might reach new highs 2365/75/2425
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..
Two scenarios may occur concerning the Dollar Index. It might push up a little to take out most sellers before it moves down. Or breaks the current support and melts to the downside. Remember to use a 5-minute time frame to place your trades. we will keep you updated.
Reversal zone above 104.336. Price broke structure support 103.976 Sell zone above 104.336 - 104.752. Target recent low 103.921
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Market Consensus: Year on year – Headline: Estimate: 3.4%; Previous: 3.2% (Estimate Range: 3.5% High; 3.1% Low) Core: Estimate: 3.7%; Previous: 3.8% (Estimate Range: 3.8% High; 3.5% Low) Month on month – Headline: Estimate: 0.3%; Previous: 0.4% (Estimate Range: 0.5% High; 0.2% Low) Core: Estimate: 0.3%; Previous: 0.4% (Estimate Range: 0.4% High; 0.2%...
Monthly DXY is predicting a Hard Landing and Big Fed Pivot soon. We have been in a Descending Triangle since 2022. The pattern is coming to an end and DXY is likely to move to $90 or below.
Market Analysis: Dollar Index Ready for Sell-Off Weekly Chart: An asymmetric triangle pattern has formed, indicating a balanced standoff between bulls and bears. However, recent developments suggest bearish momentum as a clear Semi-Macro M (Double Top) pattern has emerged and played out. The outlook is tilting towards a sell-off, transitioning from the weekly to...
Now we have taken an old ERL we then had our DOL to a bullish IRL and Volume Imbalance. Price then filled and now respected an IRL and expect the new DOL to be the Daily ERL formed yesterday for Monday Target 103.921
Be watching for this neckline to break. It would be a very obvious head and shoulders. Watch for the fake neckline rejection, though.
We are still at the start phase of the China - U.S. war & seeing it slowly brew into something bigger. 2025 - 2026 should be when we see a full out war, weather that's a physical war, economical war or a cyber war. Ahead of this war it'll be interesting to see how China prepares for sanctions from western nations; ⭕️Which financial asset classes they divert...
Dollar Index awaits important data - Inflation data - Producer price data Higher-than-expected results are positive for the dollar and vice versa.
Take a look at our analysis for DXY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.286. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...