It was reported overnight that Israel launched a retaliatory strike on the Iranian city of Isfahan. For now, it appears that Iranian media are downplaying the size of the attack, and reassured that nuclear facilities have not been affected. The news has had ramifications for different asset classes already, although the initial impact has partly been unwound in...
The US dollar reached peaks that were never expected until a few years ago. Can the lost credibility of the world's major currencies return one day? The world will probably never be the same as it was before the Russo-Ukrainian war, but a fairer value for currencies does not seem out of reach in the long-term.
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 106.278. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 107.464 level. P.S Overbought describes a...
19th April DXY: Possible retest of 106 support level, bounce to remain within 106 and 106.40 range. (If 106 broken, could trade down to 105.75) NZDUSD: Sell 0.5920 SL 25 TP 55 AUDUSD: Sell 0.6410 SL 20 TP 55 USDJPY: Sell 154.65 SL 20 TP 80 GBPUSD: Buy 1.2440 SL 25 TP 75 Or Sell 1.2470 SL 20 TP 45 EURUSD: Buy 1.0670 SL 20 TP 55 USDCHF: Sell 0.9055 SL 20 TP...
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...
DXy is printing the final leg(CD) of a bullish BUTTERFLY113 harmonic pattern. The butterfly 113 pattern completes at 113XD which is around the (98.0-98.6)support zone. On ltf DXY has some bearish run downside until the support zone is reached.
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
The US Dollar Index TVC:DXY is negatively correlated with the macro Bitcoin BNC:BLX chart. Indicators like the Correlation Coefficient indicator will display swings from negative to positive correlation between TVC:DXY and $INDEX:BTCUSD. This can lead to a belief that they are not in fact negatively correlated. But, when you zoom out to a macro view of...
TVC:DXY has formed a Quasimodo pattern that is near completion of its right shoulder. Once it crosses ~105.9, expect it to continue up towards ~112.5 and then ~116. This is the scenario I expect will occur, and I am hopeful that it will take as long as I've drawn but it could occur much more rapidly. The longer it takes, the better chance we see extended...
There are many facets to dictating near term direction on dxy. Using larger time frame weeklies, the low of week was 6 nov retest weekly topside. A near term correction from a rejection wick at 106.5 made some sense and a scalp in the opposite direction performed well. The objective was to form a new weekly low. looking at the reaction of the red week top from...
DXY Daily Trading Journal Analysis Jan 2024 price changed market to a bull bias. Price weaved between premium and discount as it did seek higher prices. April 12 price ran to the noted daily SIBI from Nov 2023 to rebalance April 12. Price continued to gravitated to the November 2023 GAP/SIBI this past week. Considering that since January 2024 price has been...
Hi guys, DXY braked out the ascending channel on 4H time frame and start to a correction. We want to buy it on 103.2-103.5 level to a bigger increasing movement than previous until 107-108. So be hold to reach position point. It moves in a big channel on weekly timeframe. We show you Entry point, TP & SL on chart. We glad to see your comment below. Be successes
Possible Head and Shoulder play, in daily OB and CME tapped as head. Strong move down with respect of FVG. Forming possible Right shoulder Aggressive entry: Possible Right Shoulder forming at Resistance, OTE, respecting bearish FVG. First TP at neckline Safer entry: Wait for retest of neckline for confirmation to enter more safe trade, but watch out for FVG...
After a major BOS, It makes much sense that the DXY will fall back and fill the imb left below.
DXY has wiped out the london and asian highs so we are now hoping for a reversal to the down side to take out the lows
💵 DOLLAR_INDX, H4 💵 18 April 2024 The Dollar Index, tracking the greenback against major currencies, saw its first decline in six days as investors engaged in profit-taking amid a shift back to a cautious "wait-and-see" stance. With Federal Reserve officials emphasising the importance of incoming economic data in shaping interest rate decisions, market focus has...
1. Massive H&S on DXY Daily. 2. I believe DXY like oil will now resume it's macro downtrend. 3. Exact same pattern on the USOIL is forming. 4. 95-97 is the target for the last and most exciting stage of the bull market. 5. Risk on. 6. Alts in particular will do very well post halving.
18th April DXY: Consolidating, could retest 105.90-106 resistance, reject to trade lower, 105.60 NZDUSD: Sell 0.5930 SL 30 TP 60 AUDUSD: Sell 0.6430 SL 20 TP 70 (Hesitation at 0.6395) USDJPY: Do Nothing, Watch for 155 or 153.80 GBPUSD: Buy 1.2440 SL 25 TP 95 EURUSD: Buy 1.0680 SL 20 TP 45 USDCHF: Sell 0.9080 SL 20 TP 40 USDCAD: Buy 1.3720 SL 20 TP...