We are looking for the dollar to go bullish as we have a change of trend as we broke outside the bearish trend we looking for buys as the market is respecting the support zone
Watch DXY tonight when pre trading opens.
Rejection from here is possible but the MACD has th eroom to push it over that trend line and to turn it into support if the DXY Bulls decide to try it
If they do, it will be very interesting to see if the Selling pressure takes over again.
A Drop from here would be Good for Crypto......
One thing that Shows that...
The US dollar is currently trading within a symmetrical triangle pattern, indicating potential upcoming price movement. The Ichimoku cloud containment suggests a period of market indecision.
A clear breakout from the triangle would signal a bullish trend, while a rejection could lead to prolonged consolidation within the pattern. It's crucial to consider the US...
✅DXY is trading along the rising support
And as the index will soon retest it
I am expecting the price to go up
To retest the supply levels above around 104.046
LONG🚀
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DXY could not go higher and failed to break through the resistance level.
Price action created the divergence at the resistance zone and dropped.
We expect the support zone to be tested.
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Before going higher in the TVC:DXY , I'm expecting it to pull back to its 4H order block.
After that I'm expecting the dollar to get stronger, as we are in a bullish trend.
If breaks below current lows, I'd expect to go down, otherwise I can see it mitigating the OB above before heading to the one below.
The Fed must be holding back the temptation to say, ‘we told you so’ now that market expectations match those released in the Fed’s December summary of economic projections. Three rate cuts in 2024 is the new expectation, down from six and potentially seven at one stage. As such, the dollar has found its footing in the early weeks
There was some hesitation this week, the 21 day EMA is flat. The main resistance above around 105 may dampen the bullish sentiment if the NFP data is not like last time.
Expecting DXY on H4 like this ... (SHORT TERM or SWING)
if the market move is like this then we will definitely see a dump on GOLD on H1 we are also bullish for now.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
Price failed to break to the upside after multiple retest at the 104.23 resistance level and seller forced to push the price downward while performing a BoS. If price consolidated toward the retest level of the BoS, we should expect more bearish move.
Hi, Just started my initial analysis on DXY.
Price action suggests a downside bias, but this doesn't exclude a breach of last weeks high for liquidity. Watch this weeks VPOC closely.
My target is the singleprint inefficiency below the excess low.
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Market moves in ranges or consolidation for 70% of the time. This happens. And here is the USD consolidation for 'something'.
So, therefore, play along with it until something appears to negate this behavior!
Do check out my stream video for the week to have more...
