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DXY Index, Bearish Reversal High Likelihood!Hello, Welcome to this analysis about the US-Dollar Currency Index, we are looking at the 4-hour timeframe perspectives. As I detected recently the index is forming an important formation that has a high possibility to be the origin of a bearish reversal to the downside that should not be underestimated. As when looking at my chart now we can watch there that this is an ascending-wedge-formation which I have marked with the blue boundaries. Within this wedge, the index has its coherent wave-count with the waves A to E already completed and therefore technically the wave-count-basis of the wedge finalized. This is why the likelihood that the wedge confirms bearishly to the downside in the near future is higher, such confirmation will finally happen when the index closes below the lower boundary of the formation which will be the origin for further bearish downside price-action as it is marked in my chart with the final confirmation. Once the whole wedge-formation is completed bearishly the index will appoint the target-zone and when the targets have finally reached the situation needs to be elevated anew if the index manages to hold this zone or continues bearishly further. In this manner, thank you for watching my analysis about the DXY Index and the highly likely bearish reversal incoming in the near future, great when you support it with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
TVC:DXY
by VincePrince
6
Will the #Dollar Index Rally Continue?Monday, September 10, 2023 In the weekly chart of the US #Dollar Index, the market structure appears #bullish. Recently, the market found support around the 104 level, and the Dollar #Index has reached the 38.2% Fibonacci retracement level as part of a corrective move. In this week's trading, if the current #uptrend continues, and the 38.2% resistance level at 105.45 is #broken, the market may find a clear path towards the 50% Fibonacci #retracement at the 107 level. However, if the #resistance zone at 105.45 holds its ground, the #upward #momentum in the market may be limited, and the Dollar Index could return to the 104 #support level, marking a 23.6% #Fibonacci #retracement #correction. So based on this analysis I suggests a bullish outlook for the Dollar Index.
TVC:DXYLong
by POUSHEINI
DXY D1 - Long SetupDXY D1 Amended the order details on the long measure a little bit here for the dollar index, we are now looking to get off the ground following the retest. That being said, this fell on the basis of softer figures yesterday, we have a cluster of data to follow today to be cautious of. News events and risk events move markets on swing timeframes when it's with regards to inflation and central bank action, but often other data points may just be short lived effects. Really hoping to see this dollar pick up again though.
TVC:DXYLong
by Trade_Simple_FX
✨ NEW: DX1! ✨ INTRADAY ✨BSO @ 100.25 SLO @ 100.00 SSO @ 99.83 TP @ 96.00 TECHNICAL ANALYSIS According to my analysis of the 15-minute time frame for the US Dollar Index Futures from ICEUS, Price Action has been bullish. The price has been trading between the 99.22 and 100.25 levels since yesterday's USD News. The moving averages are all sloping downward, which suggests that the overall trend is bearish. However, the stochastic oscillator is starting to turn up, which could signal a potential reversal. The next key level to watch is the 99.42 level. If the price breaks below this level, it could open the door for a further decline towards the next Major Support Level @ 96.000. However, if the price is able to hold @ 100.00, it could signal a the continuation of a DT. Overall, the market is currently in a state of flux. The overall trend is bearish, but there are some signs that a return to the DT could be in the works.
ICEUS:DX1!
by ProfessorCEWard
Dollar Weakens After FED AnnouncementsAs of now, the FED interest rate decision has been announced and the FED has kept the interest rate constant. In addition to keeping it steady, Powell still made harsh and hawkish statements. Personally, I have question marks in my mind about how full these explanations are. Because now the job is not just to reduce inflation and most business sectors have started to break. I don't think it can go on like this. If we are talking about interest rates, the only factor we need to look at is the dollar index. The dollar index has technically formed a descending triangle. The level to be seen in a down break will be $ 98.
TVC:DXY
by YavuzAkbay
2