🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴.
📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern .
💡Also, the Regular Divergence (RD-) between the right and left shoulders ...
Hi, this is an analysis based on the Market Structure, these analyzes can be performed on any timeframe, they being the analysis on multiple timeframes
It is very important to understand that a higher structure is always the priority in terms of price movement on the chart
I would like to keep things as simple and clear as possible without too many stories!
blue...
Follow up from previous idea..
Possible It's will pull back and do LQ first then pattern will like Double top.
After that waiting LTF Reversal Signal.
have a chance to go like this picture.
Hi, folks .
This is my analysis on DXY , as you can see, candle formation shows that price willing to go lower price,so after pullback to breaking block zone complete it's a good time to short with comfirmation.
Here is DXY and what we should be looking at for the upcoming week and end of the month.
We have currently broken out of the range (red lines) and are trading above the highs.
IF we hold and continue on pushing higher from here expect indices, crypto, stocks and other assets to trade lower (higher DXY = lower assets)
IF we fail to hold and close back within...
Pair : DXY INDEX
Description :
Head and Shoulder as an Correction in Short Time Frame
Break of Structure and Retracement
RSI - Divergence
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
We are approaching last weeks Friday low of the day. In my last posts I mentioned that highs and lows of the day/week are important liquidity points. As we approach this Friday low I’m look for price to come back above and disrespect a lower timeframe bearishFVG. The false break along with disrespect of a bearish FVG supports a bullish narrative.
***KEY...
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 103.996.
The above observations make me that the market will inevitably achieve 104.861 level.
P.S
The term oversold refers to a condition where an asset has traded...
Hi traders, we have a beautiful bearish structure developing on the $ and it will be a great one to take advantage of. Currently I'm just waiting for price to give a clear structure shift to look for long term shorts Don't rush into impulsive trades, wait for price to come at significant/psychological level in order to execute and be patient. Follow me for more...
There is a 0% chance 106.50 doesn't get touched in time; I like the daily candle and TL here. I will long this to 106.50 and add any chance I can to better my position.
According to the behavior of the index in the current support range, possible scenarios have been identified.
If the price stabilizes above the current support range, the continuation of the upward trend is likely.
