Dxyindex
DXY 4 hour - while we wait on PowellDXY 4 hour
PA coming into an area where it is getting squeezed, Currently may reach 104.7 before it faces rejection or needs to push through long term resistance
today / Tomorrow Mr Powell ( Fed, DXY support agency) will talk and either upset or support markets with news of the FED opinion on rate rises. Expectation is that 25 points is incoming but some talk of 50, depending on Figures ........ coughs........
This is what Crypto is waiting on
PA above 50, 100 & 200 EMA but lower time frames show that PA is approaching overbought, RSI on daily is above neutral
Over all, DXY PA is due to retrace once again soon. just do not know when exactly but Strong Fundimentals could postpone that
Intraday USD shorts on the cards?I am looking to potentially Trade some USD shorts before flipping my bias for the bigger move. Pullbacks were to be expected once we reached a level of Supply and Price Action into the area only added further confluence.
Good luck to all Traders. Lets make March a good and profitable month!
DXY waking up soon - And ?For the last 6 weeks, DXY has been held back by te 768 fib line and yet it kept trying, and so, now, we see PA approaching OverBought
The StochRSI is getting near OverSold, so we may see PA push towards some support as this climbs but PA is approaching another Fib circle in the next few weeks and historically, as shown in previous charts, DXY doe snot react well to them
A Further Drop is incoming for DXY at some point soon. The question really is when and how far. For me, I can see DXY gong to 98 - 99 before it really begins to recover
OR, will the incoming 25 point, maybe 50 point rises Boost the $ against a load of real world hurdles it is currently facing.
Only Time will tell
Price Anticipation for DXY 4hr TFWhat is your projection for the direction of DXY's price?
Yesterday, the trendline was breached, and I was monitoring to see if the minor key zone would hold and close below it. Today, the market displayed a bearish trend, and I anticipate that the price will reach 103.854 before experiencing a pullback. If the 4-hour key zone is broken, we may witness further downward movement of DXY.
However, it is essential to keep in mind that market reactions may change depending on the release of fundamental news.
DXY H4 ZONE MARKINGWe have an analysis of DXY H4 zone marking
According to this analysis, we have found that Dollar is a bullish move because of price is moving above the (200MA & 50 EMA) golden cross-over price also tested the trendline 2 times for more information we marked the Demand & supply zone which is mentioned in the downside
Demand zone1@ 104.563 to 104.397
Demand zone2@ 103.676 to 103.492
Demand zone3@ 101.863 to 101.519
Demand zone4@ 100.962 to 100.761
Supply zone @ 105.536 to 105.738
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
dxy !!dxy is here at a key level once again a break here we could see another push down to that 104.4 level first then 104.200 area and if it fails to break back up we could see continued downside
on the flip side if it holds here we could see the dollar get strong
but at the moment its still a bit bearish so there will be some nice usd trade setups
The dollar will continue to rise, can be bought on dipsYesterday, the US Department of Commerce released data showing a sharp drop in the month-on-month rate of durable goods orders in January, indicating weakness in the US economy and raising concerns in the market about the US dollar. As a result, the US dollar index fell yesterday and returned to its original trajectory from last Thursday.
As the price returns to its original trajectory, there is a high probability that the previous slow but steady upward trend will continue, as this is the inherent demand of the index.
In terms of trading strategy, as long as there are no significant news affecting the market today, there is a high probability that the US dollar index will continue to rise, so opportunities can be found for buying on dips. Today's overall trend is relatively simple, just follow the trend.
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TVC:DXY CURRENCYCOM:US30 CURRENCYCOM:US100 OANDA:US30USD
Is DXY going down again soon ? MaybeCould DXY be following a pattern painted over 2017-2018 ?
To many extents, it could be and if so, a 3% + drop is incoming.
From its over 28% rise in 2017, DXY then retraced back around 10% where it bounced off the 0.5 fib line and rose 3.9%, where it once again got rejected and dropped a further 6.7% to the 382 Fib line, where it bounced slowly and eventually ranged
DXY PA has just risen 28%, Got rejected, Dropped 10% to the 0.5 fib line, and bounced and is currently approx 3.9% above that bounce - IF PA get rejected, it would once again reach the 382 line with a 6.7% drop
Technically, on a Weekly chart, the MACD is turning Bullish, which points towards a rise, eventually.
BUT on a Weekly chart also, we have a very overbought StochRSI, it can range and is created on shorter term timeframes Averages
Lets look at lower timeframes.
On a daily chart RSI is overbought, MACD approaching there, StochRSI been very overbought and ranging since End of Jan - points towards a drop incoming
4 hour MACD turning Bearish from overbought, RSI already dropping but Still above 0 - HOWEVER, on the 4 hour, the StochRSI is very oversold and turning bearish -THIS could lead to support
Overall, I think PA will drop further unless some Fundiementals are brought in by the FED, IMF or any other Banking support group
Only time Will tell
DOLLAR CURRENT SITUATIONSo, right now we don't have any reasons for selling
dollar at least this week.
We got so many economic indicators and all of them
positive for dollar.
Next interest rate decision might be also positive for
dollar. So, we can buy dollar when we got nice pullback every time till next FED pivots.
Last economic indicators.
NFP 517k better than expected
CPI 6.4 better than expected
Unemployment rate better than expected
PPI coming today...
dxy deciding areai want to see how dxy plays out but if the 104.800 level holds we could see a nice move to the upside if not we will see a test of bigger time frame order block which would a nice pull back for a possible move up either way im waiting on price development market is getting ready for some nice size moves