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
Hi folks, it's my analysis on DXY , as you can see on chart DXY is strongly on bullish bias so my next target is 105/5 level. Be safe👊
this is my initial view on dxy i dont know it will work or not but my gut says it must work
DXY Daily Chart Potential AB = CD Pattern Buy Dips with 103.9 SL with potential target of 106.5. Big Potential short in play at 106.5
why i say that btc will go down, 1. Many analysts say that there will be a correction 2. I see that many liquidation maps open long positions. 3. upward strengthening of DXY
- Price swept the liquidity below 102.700 forming a full retest at 102.0 demand zone also rebalancing the gab at 102.600. - Strong bullish closure with last PPI news lifting behind fair value gab (Strong Bullish). * We may see a rebalance with market opening to FVG targeting the first high at 104.300 and 105.0 as an. extreme target.
This weekly candle can be the death of crypto as we know it. Major correction, dxy could pump causing crypto to dump. It's alot of red news this month that can send dxy to the mf sky and crypto to the floor. Let's see if dxy continues its uptrend. Sheesh .. 106.952 SMASH, JP ain't playing
I'm closely monitoring the DXY (US Dollar Index) for indications of the dollar's trajectory into the weekend and early next week. The US dollar's influence on global markets makes the DXY a critical reference point for traders. Given the strong correlation between many currency pairs and the US dollar, the DXY's current position at a key resistance level...
Check previous idea from the bottom projecting DXY back to 102. This is looking good and the upwards targets are now 105.5 range near at the current yearly high. The 101.5 resistance was blasted through and the initial arrow up is playing out as a trend line nicely. Once the next level around 102 hits the last level gained needs to hold on a retrace for...
Similar to bonds, Monday was the day that printed a bullish order block whilst the following days leading into the close for this week @ 104.672. We have been bullish from the 8th March 2024 with the psychological number 105 being in the cards. I will not be fading the possibility of a minor retracement to the daily fair value gap located at...
Day late lol but here is the Weekly breakdown on DXY, US30, Gold and of course my favorite Forex. News to look out for this week is ADP Non Farm and of course Friday NFP ( Non Farm Payroll) Give a breakdown and analysis of all above.