DXY IndexPair : DXY Index
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Double Top
RSI - Divergence
Elliot Waves - Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
Dxyanalysis
DXY analysisExit from the downward trend and the target is specified. Be profitable and at the same time be careful in buying gold for now
Looking at DXYcreate an original consolidationWaiting for the DXY to form an original consolidation and perform an MSS to signal the beginning of a Market Maker Buy Model, for now just observing this possible formation.
dxy setupdxy its showing weakness and producing sell setup dont take too much risk trade this setup if it fits you risk management and even look at your economic calender because anything its possible
DXY Dollar Index Technical Analysis and Trade IdeaThe DXY's daily chart suggests a bullish continuation. A Fibonacci retracement could offer a favorable long entry point. Target potential profits at previous swing highs. (Disclaimer: For educational purposes only.)
DXY 4HR ANALYSIS READ DESCRIPTIONThe US Dollar Index (DXY) is currently hovering around a crucial support area ranging from 104.1 to 104.3. The significance of this support zone lies in its potential to dictate the future direction of the dollar. If the support holds and the price action confirms a bounce, it could signify strength in the dollar, potentially leading it towards the 105 level. Conversely, if the support fails to hold and the price breaks below it, we might see the dollar weakening further, potentially targeting the 103 level.
Examining the technical aspects, several indicators suggest a bullish outlook for the dollar. The Moving Average Convergence Divergence (MACD) indicator is signaling a buy, indicating the potential for upward momentum in the dollar's price. Additionally, both the Exponential Moving Average (EMA) and Simple Moving Average (SMA) from the shorter 10-day to the longer 200-day periods are suggesting a buy signal. This alignment across multiple moving averages underscores the strength of the bullish sentiment in the market.
Analyzing the recent trading activity, the last day's trading summary reveals a predominantly bullish sentiment towards the dollar. With 45 buy signals, compared to only 4 sells and 7 neutrals, it's evident that market participants are largely optimistic about the dollar's prospects. This positive sentiment could further support the case for a potential rise in the dollar's value, especially if the support area holds and price action confirms a bullish reversal.
In summary, the US Dollar Index is currently testing a critical support zone, with potential implications for its future trajectory. Technical indicators such as the MACD, EMA, and SMA are suggesting a bullish bias, while recent trading activity reflects a predominantly bullish sentiment. Traders should closely monitor price action around the support area for confirmation of either a bullish reversal or a breakdown, which would guide their trading decisions accordingly. As always, risk management remains paramount, and traders should implement appropriate risk mitigation strategies to protect their positions in case of unexpected market movements.
DXY Index Pair : DXY Index
Description :
Exp FIAT as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Completed " 12345 " Impulsive Waves
Demand Zone
💡 DXY: Forecast Next week💲DXY: Last week, DXY had a surge after the FOMC meeting and reached its highest level of the week around 104.2. Regarding technical analysis, we can see that DXY has broken through the Downtrend line and the key level 103.5 - 103.7. With this development as well as the strong increase in the last 2 days of the week, I will appreciate the upward trend for DXY for the new trading week. The target area for DXY will be the next key level area 104.5 - 104.7. You can wait for DXY to back test the trendline and key level around 103.7 and create a reversal signal to continue buying positions.
DXY Price analysis 16-Mar-2024Daily: The price hasn't been able to closed above the D-FVG-CE, there has been W-FVG- has been created, So we could anticipate that in the upcoming week we could test the W-FVG- then go towards to the downward direction.
Daily Bias: Bearish.
DXY - 4h - NEW UPDATEDXY - 4h - NEW UPDATE
Nothing bearish for now on 4h.
Testing resistance zone now.
DXY Index Can Go Up by Classical Technical Analysis Pattern🚀🏃♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢.
📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern .
🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢.
🔔I expect the DXY Index to rise to at least the 61.8% Fibonacci level and Resistance lines .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY IndexPair : DXY Index
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Consolidation Phase
Break of Structure
Completed " 12 " Impulsive Waves
S / R Level
DXY prepare to break weekly downtrend lineTVC:DXY
With the confirmation of rebound from the fibo retracement, 80% USD will break the downtrend line.
The 20% is, it will do the fake continuous downtrend before it breaks the trendline.
DXY-4h #DXY #forex
4h shows that we only have HL's, and the price from this point could rise to the 103.6 resistance, and even there there would be another HL, and maintains a bearish trend.
sI may change if we see a break of that resistance which played an important role as a support.
DXY (U.S. Dollar Index): Potential Upside Breakout on 4-Hour 📈The DXY has completed a target of a previously identified channel pattern on the 4-hour timeframe.
A double bottom formation has emerged near the channel's support level.
➡️Analysis:
A retest of the double bottom's neckline (around 103.318) is anticipated.
A bullish breakout scenario is developing, with a potential upside move towards the target at 104.992 if support holds at the retest area.
➡️Key Levels:
Support: Double bottom neckline (103.318)
Resistance: Former channel resistance (104.992)
➡️Overall Bias:
Bullish based on the double bottom formation and potential breakout from the channel pattern.
DXY : Short Trade , 4hHello traders, we want to check the DXY chart. The price is moving in a downward channel and has reached the specified key level. We expect this level to play the role of a resistance level and the price will fall to around 102,800. Good luck.
US Dollar Index - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern.
Lower lows.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
Swing trade shorts for USD index (DXY)A potential swing trade short has presented itself on the daily chart.
DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prior (and more aggressive) leg lower. This suggest the -day rise is corrective, hence the call for another leg lower.
Bears could fade into rallies within Tuesday's candle with a stop above and target the 102 area, near the 61.8% Fib level and high-volume node.
DXY Index will Go Down to next Support zone✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴.
🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔After breaking the 🟢 Support zone($104.30-$103.89) 🟢, I expect the DXY index to continue declining until the next 🟢Support zone($102.86-$102.420)🟢 .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold and Silver We had a nice week for gold and silver.
Both rallied higher as DXY fell and reached below 103. The level that we have been waiting for in the past weeks. Now that DXY had a nice weakly bearish candle closing below 103, what should we expect for gold and silver?
Would this rally continue this week as well? I don't know. I'm just enjoying the ride. However, there will be always a correction. so let's talk about that.
As you can see silver exactly followed our green scenario in the past three weeks. Gold also moved in the direction we expected and surprised me with its vertical move. 😁
I think this week we can also see green weekly candles in gold and silver and a big red candle in DXY. However, in case of a correction at THESE PRICES, these are my expected levels for gold, silver, and DXY.
GOLD: A strong support for gold would be $2040 - $2080 area.
SILVER: A strong support for silver would be $23 - $23.5
DXY: A strong resistance for DXY would be 103.5
DXY Dollar Index Technical Analysis and Trade IdeaThe 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 provides a technical perspective and should not be interpreted as direct financial advice. Trading in commodities involves significant risk. Before making any investment decisions, please consult with a qualified financial professional and thoroughly assess your own risk tolerance.
DXY Weekly 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 potentially cause the DXY to struggle on the downside. It's possible we'll witness the DXY lingering around the red shaded area at 101.910 for a while. If the price breaks below this level swiftly with large downward candles, we anticipate further downward movement towards 99.559. Otherwise, if it fails to break below 101.910, we'll provide an update accordingly."
