Reached my trendline resistant and now expecting it to make a correction after we've had been on an impulsive move for long.
The dollar remains on the front foot, with the buck benefitting from haven flows amid rising geopolitical risk, as well as the continued outperformance of the US economy; both being factors which point to further upside remaining on the cards. The greenback has continued to gain ground of late, with the USD rallying to fresh YTD highs against a basket of peers -...
DXY completed a five-wave decline on the daily chart and is now in an ABC corrective phase upward. The initial target for wave C is the 100% extension of A=C at 108.489. Currently, wave-3 of wave-C is unfolding and nearing completion, soon to be followed by a downward wave-4. This wave-4 could last several weeks, during which our 1-2 setups for alternative assets...
16th April DXY: Consolidate along 106.30 or retrace down to 106.10. Look for bounce to test 106.55 NZDUSD: Sell 0.5910 SL 15 TP 35 AUDUSD: Sell 0.6430 SL 20 TP 70 USDJPY: Sell ORDER 154.55 SL 30 TP 130 (Intervention position) GBPUSD: Look for reaction at 1.2380 if support breaks, Sell 1.2360 SL 30 TP 90 EURUSD: Sell 1.0645 SL 35 TP 105 USDCHF: Buy...
Overall Trend is Bullish. We tend To buy Dollar In Long and mid term. swing traders are buyers of every rational buy signal. we are not here to go against the trend , we embrace the trend. But in the Mean Time we might have some counter trend opportunities . So I probably enter few small short positions.
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...
Bearish div This is not a financial advice dyorr Fall
We might get weakness here, simply due to the fact how technically overextended the pair is. Fundamentally, we are anticipating rate cuts, so that helps in forming the bias. Monitoring $105.95 as of now for further confluences, as it will help me form an idea on the rest of the pairs in the Dollar basket.
The recent strength of the US dollar is posing a significant challenge for emerging markets around the world. Their currencies are weakening, creating a ripple effect across their economies. This article explores the reasons behind the dollar's dominance, the impact on emerging markets, and potential policy responses. A Rising Dollar: The Driving Forces The US...
The DXY, though primarily impacting foreign exchange (forex) markets, casts a long shadow across various asset classes, including cryptocurrencies. Here's how a strong dollar (rising DXY) and a weak dollar (falling DXY) can influence these markets: Foreign Investment in Crypto: A strong dollar can make cryptocurrency investments less attractive to foreign...
DXY on it's way up! Broken triangle and the stabilisation of war in ME is making dollar stronger
The DXY finds itself at a juncture, rallying amidst mixed economic cues and rising global tensions. Today's retail sales figures, dipping into the red, contrast with the index's upward trajectory, suggesting an intriguing divergence from the expected market reaction to domestic economic indicators. Technical analysis: The DXY closed above the 106.00 mark,...
ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are...
hello everyone, DXY has been bullish with all the positive USD news.. at the moment dxy reached the resistance level the price can either pull back to 1st or 2nd support depending on the market.. buyers can kick in since all pairs are falling against USD (mostly all major pair).. so far there is no confirmation on price being bearish... price need to break below...
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%
Hi guys. When trading its always important to learn/educate to find an edge on the markets. There are so many charts you can access to analyze/compare, etc. Its known that many ticker symbols can be used in certain ways to help understand markets in a deeper way. The DXY or U.S. Dollar Index is an asset that i use to assess Risk mentality. So keeping it...
The US Dollar Index (DXY) is poised for a bullish run in the coming months, supported by a number of factors, including rising interest rates in the United States, a weakening euro, and geopolitical tensions.
#DXY is preparing for next step of moving up and this bullishness will bring more volatility. Bad for #crypto #btc #commodities #stocks etc. Hard price declination will be the invalidation. Not financial advice.