DXY brief gain to the resistance area 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support and even made new ascending channel that we mentioned in our next analysis too ✔️
if
the price doesn't break the support zone to the downside, we can see more gain 💣🚀
otherwise
we can see more correction ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Dxylong
💵U.S.Dollar Currency💵 Index Analyze (DXY,03/10/2023)!!!After the completion of the leading diagonal, DXY Index started to build an Expanding Flat(3-3-5) corrective structure.
I expect the DXY Index to start growing in the coming days and reach the next 🔴resistance zone($109.32-$107.74)🔴.
U.S.Dollar Currency Index ( DXY ) Analyze, 4h-Time frame (Log Scale)⏰.
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dxy nfp setupseems like this news is setting dxy for a nice pull back after that last explosive move if 104.200 holds we can see another leg up for a move up since dxy made a higher high im still bullish biased over all this pull back most def was needed
now if the next push up doesnt break that last dxy high we could see seelers start to step in
DOLLAR dxyLETS start to buy dollar by today.
reasons:
1.Fed testifies that unemployment rate gonna increase.
2.Fed is gonna continuing increase the interest rate.
3.Inflation still high and way far from Fed's target 2.
4.NFT came last month high rate 517K and its highest data until last year June.
5.Today we have NFP data and might be bullish dollar again and even if not I am still bullish pn dollar and
i will look some other support levels to buy.
DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY HITS TP 509 PIPSUSDJPY has come to hit my TP, though I'm still expecting some upward movement. I shared an analysis on 22/02/23 concerning DXY gaining strength, which will affect dollar base pairs. I reviewed two pairs which I opened: USDJPY and EURUSD . my EURUSD trade is still open, though I have realized first TP and also added a little position which currently on profit. I will drop how I got into the trade when TP is achieved.
DXY Looking Bullish Before Month EndThe US dollar remains bullish in my eyes on the daily timeframe. Resistances are being overcome while support is holding. The strategy involves a continued move higher after staying in a tight 5 day trading range from Feb 16-22.
I am anticipating an energetic move higher to 105.63 price level as an upside objective before the end of the month.
To invalidate the trade, price would need to trade below 102.6 lows before heading to 105.63.
-Bias: Bullish
-Why: FVG at 105.7 is a draw on liquidity and I expect price to move higher especially if interest rate hikes will continue.
-Targets: 105.6
Consequence of a rising dollar is that equities and gold will feel a pressure to the downside.
DOLLAR INDEX: Bullish context in short-medium term?Hi everyone!
There would be a lot to write about the fundamentals of the US dollar, but time is very precious so I'll just try to translate fundamental analysis into technical analysis with this hourly chart.
I hope it can be useful to someone anyway...
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PS: I would also like to know your opinion about dollar index, what do you think? Post your opinion in the comments....
A.B.
EURUSD SELL HAS ENGAGED!!!!!Price has reached the bottom of our 5th Standard Deviation.
The 2min TF has already begun to sell giving us further confluence that the sell has engaged.
DXY has hit some support and should rebound which will cause EURUSD to sell.
Price followed the script perfectly today!
DXY, M30 | Potential bounce?We're seeing price drop towards our major support at 104.49 which is a 61.8% Fibonacci retracement and an overlap support. Price could make a bounce from here to rise back up to 104.78.
If price were to break that level, though, it could drop the 104.30 which is the 78.6% Fibonacci retracement.
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DXY Elliott Waves Analysis (midterm Expectations)Hello friends.
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Everything on the chart.
Nothing has changed from my last analysis, everything according plan.
We got downward impulse, like for me very soon should start correction with target zone 106.5 - 108,after that our downward movement will continue with minimal target zone ~98, maybe even 93, for wave of (C).
Good luck everyone!
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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
Dollar, Ready to break 20 year high level! Dollar Index is ready to break 125 level which hasbeen the high of last 20 years ...And all of this is going to happen in this year...Yes..The more rate hikes are coming and Inflation is again going to go up...My guess is that it will happen in next 10 months...