As we can see DXY on the weekly has been in a range since the beginning of 2023. From my observation lows have been taken from Jan-May 2023 in July 2023 and has had a powerful bullish move and even broken structure. If we can pass the 104.96 level clearly then we my see DXY reach 107.34 before the end of the year (big guess). Depending of what the result of the...
We have now a 4hr BOS after tapping into a 1hr demand zone, I expect price to now rally up to 104.950 area. Combine this price action with EUR/USD I'm bearish on EUR/USD
💵 DOLLAR_INDX, H4 💵 3 April 2024 The Dollar Index dipped marginally following the release of a disappointing jobs report, with US JOLTs Jobs Opening figures falling slightly short of market expectations at 8.756 million compared to the anticipated 8.760 million. Nevertheless, the dollar's long-term outlook remains bullish, underpinned by strengthening US Treasury...
April 3rd DXY: Bouncing off 104.70 (61.8), could retest 105.10. Needs to stay above 104.60-104.50 to be bullish NZDUSD: Sell 0.5940 SL 20 TP 70 (Hesitation at 0.59: 40pip) AUDUSD: Sell 0.6505 SL 20 TP 60 (hesitation at 0.6482) USDJPY: Upside potential (brief), look out for correction to downside GBPUSD: Sell 1.2530 SL 20 TP 80 (Hesitation at 1.25)...
In the current financial climate, characterized by burgeoning geopolitical tensions, the U.S. Dollar Index (DXY) presents a compelling narrative of resilience and potential growth. The chart we've analyzed not only reflects past performance but also subtly hints at a future trajectory that astute investors may capitalize on. Analysis and Projections: Upon...
A correction is expected to form up to the specified support area, then there is a possibility of a trend reversal and a continuation of the upward trend is likely. If the index corrects up to the green support range, the correction process will continue and more time will be lost. If the strong green range is broken, it will cause a downward trend.
Take a look at our analysis for DXY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 104.542. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 104.862 level. P.S We determine oversold/overbought...
In my previous analysis on DXY, I was contemplating if DXY is forming a leading diagonal or a (1)(2), i, ii setup ... Based on the wave count since then, an impulsive wave has formed since then. To be exact, an impulsive wave with a third wave extension and a contracting triangle as fourth wave, can be counted as the fifth wave of an expanding leading diagonal....
Possible retracement on dxy next couple weeks so big moves possible on Gold
Retest of a DXY Low? (Inverted dxy chart) - Swept a low within a Monthly FVG. Gold obviously wanting high's... (unless it's TS & dxy continues higher)
In our last analysis, we had anticipated a bullish move in DXY. Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a minor correction /range in DXY. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and...
The US dollar has shown signs of strength in recent trading sessions, buoyed by encouraging developments in the US manufacturing sector. Specifically, the dollar's rise comes on the heels of news that the US manufacturing industry expanded in March for the first time since September 2022. The resurgence in US manufacturing is particularly significant given its...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 104.519. The above observations make me that the market will inevitably achieve 105.518 level. P.S The term oversold refers to a condition where an asset has traded...
- huge bullish divergences - golden cross (weekly MA) - double bottom (daily TF)
I anticipate the greenback to continue its momentum to the upside as more data is released in its favour, so i will be looking for sell entries on USD backed pairs this week/ next week. what do you think will happen?
I believe this can be a area to sell Dollar. Major Resistance Area for: Seasonal Bias Weekly Bearish Orderblock hit Premium in 20-40-60 days Highs Just taken Tuesday High