The markets looks bullish but we do have 2 POI from which we can get possible sell entries
💵 DOLLAR_INDX, H4 💵 20 March 2024 Following the yen's selloff, investors sought refuge in the safe-haven dollar, resulting in positive gains. With a flurry of central bank decisions dominating currency markets, particularly the Federal Reserve's upcoming announcement, market focus remains keenly on potential interest rate adjustments and monetary policy...
March 20th (FOMC in Mind) DXY: Consolidate along 103.80, could break lower briefly, overall trade higher to 104.50 resistance. NZDUSD: Buy 0.6060 SL 25 TP 65 (Counter Trend) AUDUSD: Sell 0.6500 SL 20 TP 55 USDJPY: Sell 150.55 SL 40 TP 180 GBPUSD: Straddle Buy 1.2740 SL 25 TP 75 or Sell 1.2690 SL 30 TP 90 EURUSD: Test and reject 38.2%, Sell 1.0870 SL 20 TP 65...
Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 103.900. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 104.631 level. P.S Overbought describes a...
The price is currently hovering on the strong Weekly trendline, look for your sell confirmation in the lower TFs and ride this sht dooown.
DXY makes a bat harmonic, there could be some potential buys loading in EU, we need to bare in mind of rate decisions this week, as this can increase volatility. We also have divergence in the RSI indi this can potentially show waning momentum. Could be safer to wait for FED Decision before trading.
The Dollar Index surged significantly, breaking through a key support level made up of a vertical trend line and a horizontal range. The previously broken structure at 103.61 / 103.81 is now acting as a demand zone. I anticipate a bullish move from this zone, with a target of at least 104.24.
Here I see the dollar index breaking out of a huge possible bullish pressure triangle. This is for long term. you know what this means for USDXXX pairs.
Even though our long term bias on DXY remains bearish, roughly up until summer I do see the Dollar being supported to the upside. We are seeing a complex A-B-C correction which is yet pending completion. DXY👆 XXX-USD👇
The DXY is moving up very nicely😍 This is pushing our USDJPY buy & Gold sell's within our technical bias. Market structure looking very good right now.
Change of plans on the dollar. I expect to take the marked liquidity on the daily. Do I expect it to happen today? Probably not. Fomc is tomorrow and that's where to volatility/volume will be injected. A tap into the IFVG would be good.
🏃♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢. 📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern . 🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢. 🔔I expect the ...
DXY is like a train revving up! We're headed straight for the 104.400 - 104.600 zone. Full steam ahead!
March 19th DXY: Consolidate along 103.80, with continuation to upside to 104.30 NZDUSD: Buy 0.6065 SL 20 TP 60 (Counter Trend) AUDUSD: Sell 0.6535 SL 20 TP 55 USDJPY: Complete retracement, Break above resistance, Buy 150.95 SL 30 TP 90 GBPUSD: Sell 1.2685 SL 30 TP 80 EURUSD: Sell 1.0860 SL 20 TP 50 USDCHF: Buy 0.8905 SL 20 TP 55 USDCAD: Test and bounce off...
I took sell as shown on the chart on 15m time frame im bearish on DXY long term as well