Overall Trend is Bullish. We tend To buy Dollar In Long and mid term. swing traders are buyers of every rational buy signal. we are not here to go against the trend , we embrace the trend. But in the Mean Time we might have some counter trend opportunities . So I probably enter few small short positions.
In this presentation, we conduct an in-depth examination of the technical aspects related to the DXY. Our evaluation uncovers a possible trading prospect. We conduct a detailed review of the prevailing price movements, examine the market's framework with precision, and take into account the forces at play in the market. Given the advantageous circumstances, we...
We might get weakness here, simply due to the fact how technically overextended the pair is. Fundamentally, we are anticipating rate cuts, so that helps in forming the bias. Monitoring $105.95 as of now for further confluences, as it will help me form an idea on the rest of the pairs in the Dollar basket.
Hello, dear traders, whatever I told myself, the dollar can go higher
But the technical analysis says that it will not rise above the order blocks because the US is likely to go to war with Iran, which is extremely dangerous for the US dollar. Its rival, gold, has shown its declaration of war with its significant rise, and it is likely to go above $2,500. In those...
Dólar is going to keep risig for the next few months. I Guess untill end of May, brginning of June, surpassing the pprevious hight of 2023, but bellow the high of 2022. I dont ecpect to see GOLD to rise as it did in previous weeks with the dollar. I exepect the opposte: A correction of 8 weeks os so in gold back to 2100 -2150.
**Monthly Chart**
Last month's candle closed bullish and as a key reversal to the upside indicating a continuation move of DXY to the upside at least to 106 level and balancing monthly engulfing levels at 107. This tells me that other pairs such as EURUSD & GBPUSD still have room to move lower to the discount zone (extreme demand zone) before deciding to move...
Dxy broke out of the range it did and now it heading to 107 as first target but we would need to see some pullbacks for us to continue to the upside to atleast 107
The USD at the start of the year was trading near the 100 lvl but has managed to push above the 106 lvl in a little over a few months. If price is able to break out of the 107 lvl, there isn't to many resistances for the USD to break (the 108 could be one) and price might be able to hit the 114 lvl made in 2022. With the CPI data coming in a little higher then...
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
A glimpse of the DXY in the first half of 2024
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DXY bullish outlook due to potential Fed rate hikes this year attracting investors seeking higher dollar returns. However, monitor global economic health, other central bank policies, and risk aversion for additional influences.
this is the idea for dxy to new ath.
see previous idea that was correct
will post updates on targets based on daily, weekly or monthly charts.
So I don't try to post a perfect idea bottom like this again and stop on a local gain loss
DXY after breaking out of a symmetrical triangle break above neckline from inverted SHS.
DXY is very bullish.
I do think we will see a correction, but it will be only a small one with more to go!
DXY $ maybe one to watch over the next couple of Weeks as it seems to be approching Strong support.
Fundimentals, as ever, Will pay a huge part in this and so we wait.
Today we have personnale spending and income Data BUT the real Biggie is on 1st May next week when we have the FED Interest rate decision made public.
If that remains the same ....or...
Considering that the support trend line has been broken, as long as the price fluctuates below the green resistance range, the continuation of the downward trend is likely
TVC:DXY
Yo Family I hope everyone is in gr8 spirits as we are in the middle of this trading week. I have a prediction on the Dollar that will continue bearish here's why....
1) On the 4Hr TF buyers created a 4Hr demand zone that ranged from ($105.910 to $105.770) where they tried to push price back up aggressively attacking the last market HIGH ($106.517)...
