Dxylong
DXY strong to the upside after FED meeting...DXY moving to the upside due to the interest hike by the FED, it means USD getting stronger, look for bullish for USD Pair at least for a week.
USDCAD - Bullish - as USD Strong, CAD (USOIL) will be traded to the south due to the slow demand as Operational Cost will be increased (USD).
USDJPY - Bullish - JPY so sensitive with the interest hike
Dollar will longPowell confirmed his expectation that the central bank will raise interest rates (at least) two more times, but his acknowledgement that “the disinflationary process has begun” has given traders more confidence that those will be the last two hikes of this cycle and that the Fed will be on hold midway through Q2. Meanwhile, his repeated focus on “core services ex-housing” provides a clear inflation metric for traders to watch to evaluate whether what the central bank will do in the coming months. Here this is not actually FED dovish but not hawkish.
US labour market performing very well; Yesterday JOLTS Job Openings 11.01M from 10.44M, Tomorrow NFP data with Publish; Technical chart says Data Will be Favour for Dollar.
Dollar now create a bullish butterfly pattern from 100.5xx or Fibonacci 1.42 support.
Pre-fed DXYThe noise pollution for the market is extreme this week, from interest rate announcements to non-farm payrolls and manufacturing PMI's. Based off technicals, the dollar is looking rather perky at the moment. The DXY seemed to find support off its 61.8% Fibo retracement level, from the 2022 gains, of 101,841. I suspect a move higher towards the 50-day MA level of 103,950 is on the cards. This level coincides with the neckline as well as the 50% Fibo retracement level of 104,184. A break above this resistance range between 103,950 and 104,184 will allow the greenback to test the blue zone between 105,092 and 105,690.
The RSI has bounced out of the overbought zone and the daily MACD indicator is currently holding a buy signal which is dollar positive.
Dollar Index Chart Analysis....
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart shorttime chart create higher high move.So, market need
seems buy correction @ 102.555 and 103:135 risistance level.If breakout this
resistance level, then market Buy UP to 104:000 resistance level.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
DXY LONG DXY will be wil trend higher.. look like need some push to higher.. there so maney factors are running economically , so no body cant control whats gonna happan..looks like major volume building up..if it reject higher price we short.. or we continue long dxy. once reach ITL level its easy to price go through it as trade location...
dxy weekUS DOLLAR INDEX
last GDP data was strong as compared to its prvevois but down trendline act as a resistance and push the price down again.If price goes up chance to get resist again from thats trendline which push the price to the support
F.O.M.C data Here give a clear direction of Dxy. For trade first find proper price action
DXY will continue to rebound in shocks, 18/1000, 29/1/2023
The 104.7 price of DXY is the key price pressure, short-term rebound can be considered to take profit at this price, marked as the g line
What is synchronous is that after the rebound, the trend of SPX is just below the pressure level P line, and it starts to fluctuate and fall, which is synchronized with the rise and rebound of DXY prices
Looking at a specific stock TSLA, it is confirmed that the short position of TSLA breaking through the support level will continue. 181, the already established pressure level, can form an effective suppression with the rebound of the dollar, and the opportunity for short positions to increase will be generated simultaneously.
Turnaround time? DXY at 50% Fib of 2021 Rally.Interesting moment for the buck.
Technicals - the leg down from 14-year highs has been fast-moving and now looks oversold. We've just nabbed the 50% Fibonacci retracement. A move back over the twin peaks could confirm a lot more upside
Fundamentals - Expectations for a Fed pivot combined with a 'soft landing' in the economy have sent the dollar tumbling alongside bond yields. But what if the Fed isn't done? or it's a hard landing?