What could happen if the DXY breaks the red trend line, thinking something good is unlikely.... The SP500 has not discounted it for a long time, the other currencies would collapse to levels at least their resistances.... the yields I understand that they should go up or maybe go down if there is fear in the market... we will know soon
We got almost 5 waves up. Now looking for a bearish divergence on the RSI. Then a sick wave down to 94!! Lets see good luck!!
Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.230. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 104.968 level. P.S We determine...
My plan on my previous post: Dollar will reverse from next level. Until I am waiting dollar's rise to level mentioned on chart and then I think Dollar will start journey to downside.
Update for Dollar Index. Earlier, I already shared a bullish forecast. Today, I see an intraday confirmation with a breakout of a neckline of an ascending triangle formation. Next goal - 104.84 ❤️Please, support my work with like, thank you!❤️
March 28th DXY: Approaching resistance 104.50, needs to break to reach 104.75 NZDUSD: Sell 0.5940 SL 20 TP 70 (Hesitation at 0.59) AUDUSD: Sell 0.65 SL 20 TP 55 USDJPY: Sell 151.75 SL 30 TP 65 GBPUSD: Sell 1.2575 SL 20 TP 55 EURUSD: Sell 1.0785 SL 25 TP 60 USDCHF: Buy 0.9113 SL 20 TP 50 USDCAD: Looking for reaction at 1.3620 resistance Gold:...
Last weeks fundamentals created fireworks in the market, with all the banks in the world except for Japan's has maintained their rates; 5.25% for UK and 5.50% for US whilst price action for the dollar as rallied. I am confident 105 buyside liquidity is in the cards to be purged in the near future but in the near term, I am expecting 104.660 to be met. That...
Last Friday, the dollar index successfully closed the gap from January. After that, this week, the dollar managed to recover from 102.50 to 103.50 levels. We have additional support in the EMA50 moving average. On Wednesday, the FED will announce the future interest rate. Expectations are that it could remain at the same level. This could strengthen the dollar...
I was observing the bearish price action on DXY, and it's unfolding just as I anticipated. Last week, DXY breached a bearish PD array. Now, I'm shifting focus and expecting DXY to take some buy side liquidity in the upcoming days . I'd like to see DXY consolidate at this level on the chart today, forming a bullish fair value gap. Tomorrow, it should fill that...
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DXY opened tonight with a large Gap and after taking out the liquidity above immediately closed the gap
The US Dollar Index pushed back above the 50-Day SMA (103.76) during the previous week to clear the opening range for March, and DXY may attempt to retrace the decline from the February high (104.98) if it clears the monthly high (104.50). DXY Outlook DXY may track the positive slope in the moving average as it pares the decline from the start of the week,...
Hey there on 1htF the DXY has slipped over and will Go Downside If the next resistance support touch and continue rise then so we can see that can continue fly with Gold and upside rise
US dollar index is having small range days. Seasonally bullish. I side with buy-side being the next target. Will reconsider if the daily bullish OB fails. What do you think? Note: this is just an idea. Not trade advice.
Dollar could reach 104.980 this week depending on the jobless claims data tomorrow. If not this week, then i see it happing next week.