On my previous analysis I said Dollar looks bearish and all went as planned. But now me found strong bullish divergence. From this moment me thinking DXY will go higher, at least to test previous channels down trendline.
Dxy Head and shoulder pattern Now support hold and ahead of NFP
In the current area, in addition to the downtrend line, there is also the 61.8% Fibonacci level and the overbought area of the Rsi. We are likely to see some selling pressure in the US dollar soon
After the previous detailed analysis on DXY, which we recognized the correction well, we have now reached an important order block in the 4-hour and daily time frame. If this important level is broken, the next level can bring the price back to the target.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
The weekly and daily are also overlapping with this idea. Bearish montly bias untill proven otherwise!
Buy zone USD please do not risk Buy zone USD please do not risk
Simple really dxy at the bottom of channel and showing some bullish impulse. Tomorrow should be a good day for dxy Long till 105.300 minimum
Despite today's sell off in the DXY, it is still still printing bullish price action. Please note the higher lows and higher highs indicated by the arrows I have drawn. Please manage your risk accordingly as this could lead to more downside in equities as well as in bitcoin and crypto. Have a blessed day 🙏
Price falls to 103.997. A level that share confluence with previous support and trendline. This provides a high buy opportunity as buyer would be looking forward to going long from that price zone
The Dollar Index has fallen below a strong daily support level and an important upward trend line. This has created a widening supply zone. I predict that we will see a downward trend starting from the highlighted area in blue, with a target of 103.17.
Hello Traders! Price is still trading higher into this NFP week.
Based on price actions and h4 charts, my trading chart idea 💡 during the adp nfp trading session Follow my signal 🚦🚦 Follow my taligerm Support my work
The greenback might be showing signs of a peak -- despite strong economic data and a favorable macro environment. The first pattern on today’s chart of the U.S. Dollar index is the price line around 105. DXY stalled at this level in mid-February and again this week. Some traders may view that double top as a bearish reversal pattern. Second, the resistance is...
Hello, The dollar index TVC:DXY started an uptrend from 100.600. After reaching the liquidity zone around 104.900, it faced a correction due to profit-taking by buyers. The correction extended down to the demand zone at 102.300. The index has bounced back from the demand zone and is trading at 104.000. The EMA is moving between the candlesticks, indicating a...