u.s.dollar index can be some corrective then it may continue it's bearish trend...
16th May DXY: Retracing, needs to stay below 104.50. If support 103.990 broken, could trade down to 103.40 NZDUSD: Buy 0.6145 SL 20 TP 70 (Hesitation at 0.6180) AUDUSD: Sell 0.6710 SL 25 TP 50 USDJPY: Sell 153.55 SL 35 TP 75 GBPUSD: Sell 1.2655 SL 30 TP 80 (DXY recovery) EURUSD: Buy 1.09 SL 30 TP 70 (DXY weakness) Sell 1.0850 SL 30 TP 60 (DXY recovery)...
14th May DXY: Consolidating could retest 105.50 NZDUSD: Buy 0.6045 SL 15 TP 35 AUDUSD: Waiting, looking for a reaction at 0.6660 USDJPY: Buy 156.60 SL 20 TP 40 GBPUSD: Sell 1.2530 SL 20 TP 60 (hesitation at 1.25) EURUSD: Sell 1.0785 SL 20 TP 60 (hesitation at 1.0765) USDCHF: Ranging between 0.9055 and 0.9095 USDCAD: Wait to see reaction at 1.37 Gold:...
According to the behavior of the price in the specified support range, the possible scenarios are specified. It is expected that the index will change its trend in the support range and start an upward trend
PATIENCE IS THE KEY TO SUCCESS! DXY we are interested in only in BUYING IT , RESPECTED THE 4H OB REACTED OFF THE WEEKLY INVERVERSE FVG, CLEAR SIGN OF BULLISH MOVEMENT ! HOW TO TRADE IT ? wait for the lower timeframe confirmations to execute Sells on AU EU GU XAU / USD, with proper risk management. At Forex Jin , we’re out to prove that Forex Analysis can be...
DOLLAR OBSERVATIONS As price continues its downward trajectory, it has shifted its trend to the downside, leaving behind clear supply zones. One of these zones was previously identified and respected as per last week's forecast. I anticipate this short-term bearish trend to persist until it reaches the 104.200 mark. At that point, I expect a bullish reversal to...
USD trying to gain a foothold after yesterdays lows due to a Higher than Expected Unemployment Claims report. The DXY dipped high in the morning from around 105.740, dropping to a low of around 105.200 and then went up slightly into a consolidating in a range from 105.332 high to 105.204 low. That being said USDCAD took a hard drop yesterday. These moves were...
↪️The Dollar Index broke through a significant daily demand zone last week, which has now become a supply area. The price is currently testing this broken structure and I have identified a bearish flag pattern in the intraday price action. The price has broken below a support line of the bearish flag pattern and closed below it, leading me to anticipate a...
Hi everyone! DXY is bullish in 4H chart.Clearly pump from the 50% of the FVG and there are relative equal highs above to be targeted next week .so in the coming week GBPUSD,EURUSD may be bearish and USDJPY may pump hard.... Good Luck Happy Trading
Looking at price action tells me what the MARKET is thinking/doing. These past few days has not been easy to 'predict' movement because opposing the market are those who wish to see a weakening of the $ to drive down yield. Anyway, lets stick with the MARKET and trade accordingly. In all probabilities, we can see that the DXY will move higher in the coming...
The dollar index shows signs of weakness in rising and looks bearish. If it breaks the green range indicated in the chart, it is likely to fall to the lower gray range. For this reason, the currency pairs with the dollar will probably experience an increase in price.
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
1.According to my view dollar reached its Target and retested from Day Trendline Liquidity and the Support Zone. 2.If its broke the Resistance and upper Trendline then it'll reach the major resistance zone. 3.If Dollar broke the current support zone then it'll reach the next support around 103.000. 4.Day 200 EMA retested well.
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 105.100 zone, DXY is trading in a downtrend and currently is in a correction phase in which it approaching the trend at 105.100 support and resistance area. Fundamentally the recent CPI data was quiet soft and didn't exceed 0.3. Trade safe, Joe.
On Yesterday News DXY has broken our 4h Trendline and has formed a Bullish Divergence. Considering today's News we can expect a restest of our trendline and then fall to the downside.
So it appears. Will smash through the key level of 100 and onto the 94 area.. The dollar moves have massive ramifications for every financial asset , commodity & currency. lets see what it gives us.
DXY has been in an uptrend and most likely will continue this uptrend with the upcoming News event. We can expect USD Pairs to be bullish and USD denominated pairs to be bearish.