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
Dxyindex
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
Oil rise continue upside Hey there on 1htF the USOIL also Looking For Fly to The upside
We can next support area see 86$ so now as we continue looking for upside the market has making pressure for every point to make some liquidity and then go upside
DXY Now Bearish Zone Hey there on 1htF the DXY has slipped over and will Go Downside
If the next resistance support touch and continue rise then so we can see that can continue fly with Gold and upside rise
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.
XAU/USD(GOLD) in anticipation of a price correctionInterest rates in the United States do not fall easily and are accepted by the Federal Reserve when inflation is in equilibrium. It is possible that with the reduction of international tensions, the global price of gold(xau/usd) will decrease, and if we go along with the reduction of interest rates, the increase in demand can be seen in the global price of gold.
There are two scenarios for the price movement, which are highlighted in the full picture
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 price Analysis-19 Mar 2024Daily: The price has not respect the W-FVG & D-FVG, if we have daily closing above the W-FVG-103.606, then we can anticipate the price will go towards the D-BSL 104.292.
Daily Bias: Bulish
DXY - 4h - NEW UPDATEDXY - 4h - NEW UPDATE
Nothing bearish for now on 4h.
Testing resistance zone now.
Is DXY about to pump to 105.??Based on the daily chart, I'm expecting a correction to 105 before bearish continuation. If 105 does not hold then we like will see dollar getting strong, so that leaves a question of whats gonna happen to pairs trading against the dollar?? but I am expecting 105 to hold, then from then bearish continuation to complete wave 5 since if 105 holds then our wave 4 will be around that price.
In summary:
Pump to 105 is expected.
105 breaks then expect 108.
105 holds then expect further drop on DXY till new Lows below 100.
❌Eur/Usd on important support❌It is now on an important support area. Also, the fear index has peaked in the market and this forms important return points and zones in most cases
DXY US$ set for a sharp pullbackWe now have a nice 5 waves up just past .618 of the 3 waves drop . We should now see a drop of 50% pullback this maybe the reason stocks rally .Food for though
US dollar index fluctuates and rises
Although the US dollar index will temporarily come under pressure at the central axis of 104.2 today, this central axis cannot be suppressed. There is a high probability that it will break upward and test the pressure position of 104.5-105; keep the slow bull trend moving upward! Therefore, yesterday’s transaction was also a huge profit! Those who were long in the US and Japan, and short in the Euro and British Pounds, all made a lot of profits!
U.S. dollar index: 1: The golden cross of the stochastic indicator of daily K is upward, which is the main bull signal; it is recommended to remain bullish; in terms of form, the continuous positive trend is upward; the central axis support position is around 103.6; in the short term, the bullish rise continues; 2:4 During the hour, the stochastic indicator is temporarily in a passive state, with a slow bullish upward trend; the support position is around 103.6;
To sum up: the short-term trend remains bullish during the day, and it is recommended to continue to choose to go long on dips. At the same time, it is bullish on the United States and Japan, bearish on the euro, and bearish on the pound; gold needs specific analysis and treatment;
In terms of data, the Fed is expected to keep interest rates unchanged at around 5%; Powell's attitude is more hawkish
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.
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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 Review on TradingView 💰📈📈💰 DXY Review on TradingView 💰📈
DXY has sparked excitement with its recent buy-side imbalance, signaling potential trading opportunities for savvy investors. 🚀 With fluctuations occurring in lower time frames, traders are eyeing targets as mentioned in the chart. 🎯 This surge in activity has traders buzzing, eagerly anticipating potential gains. 📈💸 Dive into DXY on TradingView and seize the moment! 🔍📊 #Trading #Forex #Opportunity #ProfitPotential 🌟
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.
