HELLO TRADERS, I wish you a pleasant end of the week.. so let's get to the analysis If during today's NY session we rebound from the marked zone 106.630 - 106.780, then we can continue further upwards to test the zone of interest around 107.750
Hello traders, I hope you all are doing good. Here's an update on DXY (the US Dollar Currency Index). I hope this idea will be helpful for you all. Time frame: 1 Day. Update: The US Dollars Index has been outperforming for a pretty long time. As you can see in the chart, a beautiful rising wedge pattern has been respectfully followed throughout the year....
Im expecting the dollar to reach up towards the113.00 level. I'll watch for a retracement to the 108.800 level, but if that doesn't occur ill be looking for the dollar to shoot straight up towards that 113 level over the coming weeks. Watch how usdjpy reacts bullish as the dollar continues to be bullish. Once price hits that 113 level, there should be some...
The US dollar is losing strength after getting rejected from the 2nd top. It also formed bearish divergence. Currently, it is holding above the trend-line support and a breakdown below it, would be a bearish confirmation for it and if it gave a close above 2nd top then that would confirm more upside move in the price of the US dollar. ----- MetaFutures
The US dollar is losing strength after getting rejected from the 2nd top. It also formed bearish divergence. Currently, it is holding above the trend-line support and a breakdown below it, would be a bearish confirmation for it and if it gave a close above 2nd top then that would confirm more upside move in the price of the US dollar.
Analysis of the DXY charts and other data also confirm the increase in interest rates and the strengthening of the dollar. Follow, like, and ask if you have any questions Caution today has important news so observe the money management .
DXY still pumping along with weakening momentum. Is now breaking out diagonal support as a sign of correction. We will see some short-term relief bounce on other asset, stock, crypto, gold IMO. Take a closer look at 107.9 - 106 area, DXY could start pump again when touching this area. Note : Fed % rate catalyst is still strong that could make this plan invalid.
The Structures looking bearish, waiting for the this to correct and then give us these opportunities. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look...
As I said FED increased the interest rate . That's an update. That's analyses based on trend lines, price action, and wave analysis.
That's analyses based on trend lines, price action, and wave analysis. Based on the chart, we should expect a minimum increase of 0.75% interest rate for tomorrow.
DXY recovered after the fall. It might go evem higher. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Speculations with respect to technical analysis is seen that DXY has prospect of going bull, $100 and $98 is seen as the nice entry for a bullish run, TP @ $114 DISCLAIMERS This is not a financial advice. Trade with caution. Use Proper Risk Management. Martin I. Sylvester Financial Market Analyst
Today I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop...
Hey everyone. I hope everyone is doing well. I have A VERY VALUEABLE chart here which contains some valuable information for predicting where INDEX:BTCUSD will be heading. Also note that altcoins move in tandem with BTC especially when it makes a big move! If you're new to BTC or are otherwise unaware, BTC has had a strong correlation with the DXY over its...
In this TA I clearly show that there is an "M" or double top forming on the weekly candles for the DXY with a target value of around 77.45
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck. Follow first, second and third.