We looking for the dollar to pump to the upside as its still inside a bullish trend and its resecting the support zone|1 HR TIMEFRAME
Must-know events for the trading week The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data. Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari...
Im going to do a full analysis of DXY and my expectations for this week. I would like to start giving insight into my strategy and where im looking to enter and what price has prompted so on and so forth. There will be at least a few parts to this specific post as we need to look at the weekly and daily timeframe as well as potential lower timeframe entry points....
Looking at weekly or daily chart , DXY broke out of trendline resistance and back tested it last week. Now it has a potential to rally. I am looking at 115+ by 2025 or even up to 140 in a few years.
I'm trying to keep this analysis pretty simple. I see the previous weeks high as a target if we want to displace higher. Current market structure indicated that higher is where it is directed. I like how the fair value gap has remained open. Be prepared for a slow monday leading up to cpi numbers on Tuesday where the volatility will be injected!
Above is a 1hr timeframe indicating a steady bullish structure of the dollar, upon NFP update, the market bought, exhausted and looks to be in pullback motion to mitigate more buyers. Possible push to demand zone one Tuesday during cpi. Tell me what you think
DXY still on a bearish trend waiting on low to break 104.086 this zone breaks we looking forward for a drop to safe zone 103.500/103.350
The DXY is maintaining levels above the red trend line which now serves as a neckline support for the index. The cross of the 50-day above the 200-day MA is also bullish for the dollar along with the dampened rate cut expectations. A failed break below the 50-day and 200-day MA’s of 103.8 will allow the DXY to break above the 61.8% Fibo level towards 106. A...
Price took out bsl .....im expecting ssl to be or next draw
Fundamental Analysis: TVC:DXY The fundamental indicators for the U.S. Dollar Index (DXY) reflect a robust economic backdrop, underpinned by a healthy GDP growth rate of 3.4%, signaling expansion. A relatively low unemployment rate at 3.9% points to a strong labor market, which, coupled with moderate inflation at 3.2%, suggests a growing economy that isn't...
Looking to add to positional eurusd shorts. currently being held for daily financing fee collections. EURUSD last cpi traded down post cpi. The weekly high for cpi last round was 24 pips above the weekly open. for the rest of the week it traded well below the weekly open last cpi read. 0.3 expected looks light for core cpi m/m given the price of oil...
DXY is sitting right on long term macro support trendline with one more lower support level @ around 99.99 also where the 200MA will be at. Once long term support breaks down there is a free air gap all the way down to 96.08. This outcome will be optimal for further upside growth and higher price levels for BTC/EURO/GOLD and other major indices as it shows money...
Expecting lower prices in the coming 1-2 weeks for DXY based on the Market Maker Sell Model by ICT.
#DXY Next Move ....................................................................................................
This is not a financial advise it's for educational purpose only. Like and follow me for more 🥰
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**Weekly Chart** As Expected in our previous analysis DXY coiled near MC Candle of 14th Feb 2024. Note: Please refer to our last week analysis. **Daily Chart** Last week DXY moved higher only to break the high of the previous MC, balance the IPA (FVG) candle of Nov 2023, and tricked retail traders by moving slightly higher before started dropping and...