Going hand in hand with my bias with bonds and yields, I am expecting some form of pullback up to the 103.20 region. Last weeks projection was to see Dollar trade to and through 103.463 which was met. The thoughts I had then was how far into a discount could we go and we closed the week @ 102.741 102.358 is the 1-hour short term sellside which I will keep an eye...
We have some great zones on the DXY and we will wait for some clear direction to be activated. Monday is bank holiday markets in the UK can be slow.
It's always important to look the US Dollar when determining the outlook for Bitcoin. Remember, when the US Dollar rises, Bitcoin does the opposite, which is why the price of BTC is experience in the red. However, looking at the US Dollar Chart, the DXY is oversold on the Relative Strength Index. This is a bullish momentum for Bitcoin, as the US Dollar can...
Notice the precision of these numbers and how price reacts to the interval .666. The devil is in the details. No Pun intended. Many times in entry these numbers depending on whether price is consolidating above or below mark precision entries. They also at key numbers mark sharp reversals in price action. Using well placed stop losses picking a side at these key...
Notice the precision of these numbers and how price reacts to the interval .666. The devil is in the details. No Pun intended. Hourly analysis Part 2 Respectfully Artisin
Notice the precision of these numbers and how price reacts to the interval .666. The devil is in the details. No Pun intended. Respectfully Artisin
The Dollar pushed up even further today, further supporting our USDJPY buy & Gold short analysis🔥 Keep an eye on the Dollar as there's a possible chance in the mid term we might see a much further push above our $108 target.
As Gold looks to snap its recent run of losses this week the US Dollar has remained supported on fears that the US Federal Reserve will need to keep rates higher for longer. This comes as US data with the exception of the PMIs this week remains strong. Strong labor data and US Durable Goods numbers yesterday further strengthening the idea of higher rates while...
The upward movement of DXY seems to be reaching its peak, with the DXY showing a downward trajectory and possibly aiming for rates close to 95 by December 2021.
After the positive data on inflation in America, we expect the dollar index to rise, and the first target is 103. By fixing the interest rate on March 21, we expect the rise to continue to reach 105 soon.
💵 DOLLAR_INDX, H4 💵 15 March 2024 The Dollar Index, tracking the greenback against a basket of major currencies, rebounded on the heels of better-than-expected inflation figures. The robust data prompted heightened expectations of rising interest rates, leading to a resurgence in US Treasury yields. According to the US Bureau of Labor Statistics, the Producer...
Dollar Index may drop from a key daily resistance. I see a strong bearish confirmation on an hourly time frame. Goals: 103.19 / 103.05 ❤️Please, support my work with like, thank you!❤️
Let's compare both cycles and see how this evolves.
Take a look at our analysis for DXY. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 102.745. The above observations make me that the market will inevitably achieve 103.127 level. P.S The term oversold refers to a condition where an asset has traded...
Here is my latest structure analysis and important key levels to watch on Dollar Index. Resistance 1: 103.4 - 103.8 area Resistance 2: 104.1 - 104.3 area Resistance 3: 104.9 - 105.0 area Resistance 4: 105.9 - 106.1 area Support 1: 101.9 - 102.2 area Support 2: 100.6 - 100.9 area Consider these structures for pullback/breakout trading. ❤️Please, support my...
It is likely that the current uptrend will end at the specified Fibonacci levels and the beginning of a corrective trend will be formed. Then the movement process will continue according to the specified routes Crossing the green support zone will lead to the continuation of the downward trend
TVC:DXY Top of the Morning I hope all is well!! Paying close attention to the US Dollar is very important when it comes to my trading especially since I trade GOLD...Hopefully this breakdown can help you as well... I constructed this narrative simply off the Weekly, Daily & 4Hr PA...IMo I believe the US Dollar will be bullish this week here's why, rock w/...
Lately in the previous few posts on tradingview, I have been iterating on the bullish of DXY despite calls from many traders and analysts alike on the bearish of DXY. Their reason, impending interest rate cuts by the federal reserve. I am still skeptical on the number of rate cuts as well as when the Fed will actually take the first step to cut interest rate. The...