Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 103.497. Considering the today's price action, probabilities will be high to see a movement to 104.788. P.S Overbought describes a period of time where there has...
Be aware!!!!! Look at daily candlesticks formation, it seems like reversal pattern is forming, yesterday (Wed) FOMC push price lower and close at almost the lowest price of the day, and today (Thu) price open low with a significant gap. This seems like a scary pattern that DXY is about to reverse and go bearish. HOWEVER, price has never violates the significant...
According to the behavior of the index in the current resistance range, possible scenarios have been identified. The likely scenario is the continuation of the upward trend, and if a deep correction is formed at the 138% level, the blue path will be likely
Still bullish on the dollar and the draw on liquidity going into tomorrow is buy side. We could see price use the daily OB to make the push
Hola, so this is what i would like this to get hammered down from here maybe squeeze some shorts first though doubt we deiviate above range high IF we do might as well keep going and we get our rate cuts next time
Based on the daily chart, I'm expecting a correction to 105 before bearish continuation. If 105 does not hold then we like will see dollar getting strong, so that leaves a question of whats gonna happen to pairs trading against the dollar?? but I am expecting 105 to hold, then from then bearish continuation to complete wave 5 since if 105 holds then our wave 4...
From what am seeing, Price gave us a DIP to buy the Dollar at the Discount Price...Meaning all the USD/XXX are bullish e.g USDJPY & all the XXX/USD are bearish e.g EURUSD. Quite strange but that what happening with the DXY.
The USD has been undergoing a significant correction for the past year, and it is expected to break in the bearish direction this year.
March 21st DXY: Consolidate along 103.25 (61.8%), could test 103 support, depending on BOE, could rebound to 103.60. NZDUSD: Sell 0.6095 SL 20 TP 45 AUDUSD: Buy 0.6660 SL 20 TP 60 USDJPY: Sell 150.40 SL 50 TP 160 GBPUSD: Sell 1.2780 SL 25 TP 70 (Dovish BoE) EURUSD: Sell 1.0920 SL 25 TP 80 USDCHF: Do nothing for now USDCAD: Buy 1.3480 SL 20 TP 60 Gold:...
this is my view on usd index. despite the fact that usd is still struggling in consolidation i believe it is still going to be bullish because all the fundamentals lately are in it favor.
I was looking at the DXY on a 30 mins' scale and here's what I observe as depicted in the chart. a leading diagonal followed by a corrective three waves (abc) retracement that can be labelled as a (1),(2) setup. This is followed by an impulsive wave with a fifth wave extension catalyzes by the first rate hike by BOJ in 17 years. At the present moment, I am not...
Random spike in DXY At 8:10 tonight DXY spiked from 103.250 to 104.149 then close at 103.245 all with in a 1 min candle. can't imagine what caused this spike.
In recent days, the Dollar Index (DXY) has shown an impressive rally - much to the detriment of many other assets. A day before the next meeting of the US Federal Reserve (FED) and half an hour before the auction of 20-year US Treasury bonds, the DXY has reached an interesting zone. Here, several Fibonacci resistance areas converge, forming a zone of confluence....
We now have a nice 5 waves up just past .618 of the 3 waves drop . We should now see a drop of 50% pullback this maybe the reason stocks rally .Food for though
DXY / 1D EURUSD / 1D Hello Traders, welcome back to another market breakdown. The dollar index has been trading in a trading range, the price seems to reject a key level. I'll wait for the previous S/L level to ride this leg down after price action confirmation on lower time frame. Trade safely, Trader Leo.
Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ... Used eye feeling ...
Dollar index The dollar index will benefit from stabilizing the interest rate decision, and this will be negative for markets, currencies, and gold We expect a rise from 103.40 to 104.16, then a descent to the 103 area until 102.80, and the rise begins again to 103.40. Good luck