After forming a double top above the 106 level, with the second top occurring at the beginning of July, the DXY (US Dollar Index) began to decline. After breaking the 104 neckline of this pattern, the index tumbled to the key support level at 100.50, which coincides with the price level from the start of the year. As expected, the price started to recover, and...
US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 101.53 1st Support: 101.16 1st Resistance: 102.144 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Pair : DXY Index Description : Completed " 1234 " Impulsive Waves CHoCH Bearish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 50.00% Impulse Correction
👀 👉 The DXY and NAS100 are currently at pivotal points, with price action flashing caution signals. The DXY is probing key liquidity levels, while both DXY and NAS100 are showing signs of structural shifts in their trends. It could be prudent to approach the market cautiously today, waiting to see how the USD develops during the New York session and into...
DXY is moving in a descending channel between trend lines. The price has reached the 100% extension level and is now trading above the support. The chart has formed a pattern AB=CD. We expect a rebound. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
A head and shoulders pattern we caught on GBP USD today
My Dear Robbers / Money Makers & Newbies, This is our master plan to Heist DXY "Dollar Index" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish...
USD Dollar hit the 100.50 price level which is strong support area of last 8 months. 28th December 2023. this is quite strong support area which should fight to hold and reverse price upside to the 102.50. Buying zone 100.50, stop loss: 100.20, target: 102.50. Trend is quite bearish, reversal trade takes time to digest supply for long. If USD Dollar holds that...
We stand back to admire the long-term chart of the US dollar index, and yes there could be further downside over the coming weeks. But a quick check on the daily timeframe makes us wary of jumping into an already well-established short, given potential support levels nearby and the fact everyone and their dogs seem to be bearish the dollar.
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Resistance Level
Let's update our #Dxy 1W chart; 100$ already seen. The pattern I mentioned before continues, I was wondering if it would only go up one more round, but it did not allow it. * Weekly close came below the trend line. * It gave a mismatch signal. * For the first time in 2.5 years, it closed below the 200 EMA on a weekly basis. After OB fills the resistance zone...
4-hour time frame DXY analysis The price is near the zoned swap area. We have to wait to see if he gives approvals for the climb or not.
My current bias for the dollar is very much bearish, as price has broken structure to the downside once again. While I don’t trade the dollar directly, I use it as a confluence to confirm trade ideas for other pairs like GBP/USD (GU) and EUR/USD (EU). Since I’m looking to short both pairs right now, this bearish outlook on the dollar makes sense. In scenario (B),...
DXY tested support around 100.5 and is currently around 100.8, well below 4HR 50MA. Reclaiming 4HR 50MA, a reversal pattern in the support zone from 100 or 1W 200MA could signal a reversal and/or recovery. Closing below 1W 200MA could signal further weakness. Jobless Claims at 14:30 and PMI at 15:45.
DXY broke the symmetrical triangle on the 1D timeframe, breaking the previous low. I believe that a bearish trend is starting in the short term, if this is confirmed it could be beneficial for the crypto market.
101.700 - 100.600 is the demand zone on weekly time TF price has pierce down in the demand zone to its mid's the last 4 days of downfall was sharp that it has left only one resistance that could be noted on 103.250 what are the sign to start building long >>> * just on the top of demand zone we have a daily bearish fvg marked (in red) if we have any coming...
Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains...
DXY is moving in a descending channel between trend lines. The chart has reached the lower boundary of the channel, dynamic support and is now moving above the support level. The price has formed a pattern AB=CD. We expect a rebound after the support level is retested. ------------------- Share your opinion in the comments and support the idea with like....