The recent drop stopped and found support at the 50 MA. It seems market makers will not sell the dollar yet. Too much equity grab on the upside.
Dollar index to decline 1- The presence of divergence on the RSI indicator 2- Saturation in buying on the daily frame 3- A strong area appears on a 4-hour frame
The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar...
After the NFP and unemployment data, The DXY TVC:DXY faced a big correction. In this week, we believe this week is going to be calm because USD has no game-changing data. there is a possibility that the DXY is going to make some retracements in an upward direction. Our technical view has been shown in the chart. If you like it then Support us by Like,...
We are into some typical trading volume after the bank holiday period. 105 support seems to be holding nicely for the moment, more volume to flow in as we see in NA morning and US stock market open. Really hoping to see the dollar gain from here and therefore looking for *USD shorts and USD* longs.
DXY completed my last analysis predictions now we got a pull back from the fvg zone at 105.16 now price made a rejections with an engulfing candle indicating a buy to 105.400 fvg zone am expecting a breakout from that zone to the buy side liquidity at 106.000 Tell us what you think..........?
DXY has validated a bearish breakout below the lower boundary of its ABC pattern, indicating a potential decline back towards the key level at the bottom. We anticipate a decrease of approximately -1.5% in the DXY index. The confirmation of this breakout is crucial, as the entire projection hinges upon it. Such a move could prompt bullish momentum in the near...
More so choppy price action throughout the week than the bond market or yields but it can be seen that a rebalancing has occurred on the Friday and on this weeks Monday open but sellside is still pending to be attacked. Smooth lower highs has been created which will challenge my short bias down to the consequent encroachment of the weekly fair value gap as the...
#dxy #dollar index is bounced hard and preparing for a strike on #markets #crypto #stocks #commodities . Not financial advice.
Ok drew this middle of last week Freak myself out sometimes lol This is my go to pattern no one ever talks about it ever but it plays out time and time again trick is how far and still figuring out best entry. But has broken Trigger line Basically pulled back Compared to the USDJPY USD is struggling to push higher signaling weakness one would assume. ...
Please, check our technical outlook for DXY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.078. The above observations make me that the market will inevitably achieve 104.521 level. P.S Please, note that an oversold/overbought condition can...
It is expected that some upward swing will be formed and then the continuation of the downward trend is likely. If the index crosses the resistance range, the upward trend will continue and it can advance up to the specified resistance range.
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm. In trading, EURUSD and GBPUSD can be sold at a higher price...
The DXY index fell sharply last week, reaching its lowest level since April 10. This sell-off mainly stemmed from a decrease in US government bond yields after the Fed's somewhat "dovish" statement and weaker-than-expected employment data. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward...
Dollar index weekly chart still looks incredibly bullish long-term. First, we have a basic falling wedge pattern with targets at 1x and 1.5x measured moves up from the breakout of its wedge. As confluence, I've drawn an trend-based fib extension from the Sept 2022 High -> July 2023 low -> October 2023's high from the wedge break (inverted). Items of Note: ...
DXY - LONG I'm expecting dxy to push up from here or little bellow, wait for the buy setups to get it. last week I was expecting to push up but NFP dropped the DXY, but the up way will come. V.Ragu
As I stated previously in my posts, I had a bearish outlook on DXY. We have pushed lower into the expected support zone. I am expecting price to push lower below Fridays LOTW before we start to see a nice push higher. First target for bullishness on dollar is for price to push up to those equal highs outlined. As trades are taken I will review entries so like and...