The DXY is currently trading within a well-defined monthly sideways trending range. Price action is testing a key support level, indicating a possible retracement towards previous resistance. A bullish break of the current 1D/4H downtrend, followed by a retest and failure of the range, could present a potential buying opportunity. Disclaimer: This analysis...
"The DXY seems to be retracing from 100.615 to take liquidity at 104.565, and we've observed significant price reactions in the area since Monday, November 13, 23. This suggests that the DXY is currently showing efficiency and may be inclined to move lower towards 99.559. However, reaching 99.559 might face resistance due to a "shield area," which could...
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Fibonacci Level - 23.80% / 32.80% Impulse Correction Rising Wedge as an Corrective Pattern in Short Time Frame Demand Zone
Last week was relatively quiet for TVC:DXY , with the price fluctuating within the support and resistance range. However, as detailed in a previous analysis, the odds favor a downward break. The index began the week poorly and is currently trading near confluence support once again. A break at this level, given the prolonged consolidation, is likely to...
Last time we looked into the U.S. Dollar Index (DXY) we gave a bullish signal on two targets (January 24, see chart below), one of whom is already hit: The long-term pattern is a 1-year Channel Up and currently the market is on the Bullish Leg to price the 3rd Higher Highs of the pattern. Target 2 (105.900) is on the 0.786 Fibonacci retracement level of the...
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. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and " A " Corrective Waves Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement RSI - Divergence
On the higher time frame, the DXY exhibits a bullish trend, characterized by recent retracement into the 50% level on the Fibonacci. As we delve into lower timeframes, our focus sharpens. Specifically, we are on the lookout for price to form a double bottom setup—a pattern that often signals a potential reversal. This setup involves a break below the previous...
Pair : DXY Index Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " A " Corrective Wave
Hello Traders! This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will...
DXY is in a bullish trend and broke and closed above the 103.000 level. Price action is trading in the ascending channel. If price pulls back to the support level,we can look for buying opportunities. We expect the resistance zone to be tested because the price broke a significant level of resistance. ------------------- Share your opinion in the comments...
HELLO FRIENDS!! As i can see DXY is creating a head and shoulder pattern this can be next move for DXY if US inflation data is good for $ Technically it is clear view for bull move till design levels friends it's just a trade idea we are looking forward for Ur thoughts in comment session it helps alote of other traders Stay Tuned for more updates.
DXY could not go higher than the resistance level. Price took liquidity above the resistance and dropped. We expect the support zone to be tested or to continue consolidating between 104.50 and 104.00. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Weekly Analysis : We are not able to have any weekly closer above the W-FVG-CE level-104.531 from the upside, another we didn't have any closer bellow the Bulish-W-FVG. So we could anticipate that we are in a confused state here. Weekly Bias: Consolidation. Daily analysis: We have got continuous rejection from the Bearish D-FVG, after taking 13 Feb...
Technical Outlook: - The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend. - Recent price action indicates a retracement to a significant daily (1D) support zone. - This technical setup presents potential buy opportunities in line with the prevailing bullish bias. Trade Suggestion: - Entry: Consider long positions upon...
The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in...
The #DXY is currently exhibiting range-bound behavior within a broader bullish trend on higher timeframes. While the overall bias remains positive, current price action does not present a compelling entry point for a long position. My strategy involves two potential scenarios: 1: Breakdown Scenario: A break below the current range support would provide a...
Pair : DXY Index Description : ELLIOT WAVES - " 12345 " Impulsive Waves and " AB " Corrective Waves Completed Retracement for BREAK OF STRUCTURE BEARISH CHANNEL as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement FIBONACCI LEVEL - 61.80% Divergence in RSI