Dxysignals
DXY rebounded after news about USDPlease follow my analysis DXY: Yesterday's USD index re-tested the bottom area then rebounded. On the H4 frame, a set of reversal candles appeared, but this morning's session has a decreasing GAP, so in the short term, it is expected that DXY will test this support zone again and then may increase again. Ace can consider buying with USD today
DXY - testing the bottom, rebounding on news daysDXY: Yesterday's USD index re-tested the bottom area then rebounded. On the H4 frame, a set of reversal candles appeared, but this morning's session has a decreasing GAP, so in the short term, it is expected that DXY will test this support zone again and then may increase again. Ace can consider buying with USD today
Selling pressure on USD is increasing and in the current contextDXY: USD index today is maintaining below 105.20.
After consecutive drops beyond the support level, the USD is in a continuing downtrend
Investors should pay attention to protect profits with BUY positionsShows that selling pressure on USD is increasing and in the current context, information about the US is getting worse, causing the USD to weaken. Regarding technical factors. Because it has broken out of the uptrend zone, it is expected that the market will have a slight retest of the trend and then continue to decline. You can consider maintaining a sell watch with USD today.
DXY: there will be a correction todayDXY: The USD index yesterday fell sharply, penetrating the support zone and creating a head and shoulders pattern that can be clearly observed in the H1 frame in the context of negative information focusing on the US yesterday. And the FOMC meeting somewhat supported the USD's adjustment, but not significantly. Regarding technical factors this morning, DXY tested the neckline again, so it is likely that USD will continue to decline today. Consider maintaining a short position with USD.
DXY:C has bearish GAP reactions amid election newsDXY: The USD index is having transient reactions withinside the establishing consultation of the week with GAP falling sharply in a touchy context because of election news. In phrases of technical factors, with this GAP pressure, it's far viable that the USD will witness a bigger correction that could increase the buildup variety to the 105.6 area. You can keep in mind quick promoting the USD today.
DXY: USD index still maintains bullish stanceDXY: The USD index yesterday received both good and bad news. Therefore, we see that the USD largely maintains a state of accumulation and adjustment. On the Daily frame, a fairly positive candlestick is formed around the 105.70 threshold. However, in today's session, DXY is at risk of a deeper correction to around the 105.50 - 106.00 area and maintains its accumulation state today. You can consider buying USD when DXY returns to the 105.5-105.6 area.
DXY and USD Pairs Technical Analysis and Trade Idea In this video, we provide a succinct analysis of the U.S. Dollar Index (DXY) and its potential impact on USD pairs. Following recent bullish momentum, the DXY has become overextended, reaching resistance levels. Currently, we observe a significant retracement toward support. Our main goal is to identify an optimal buy entry point within this critical support zone, assuming price action aligns with our analysis from the video.
As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s essential to recognize that this content serves an educational purpose and should not be construed as financial advice." 📈🚀📊
DXY hits major resistanceDXY: The USD index this week is touching the susceptible help area round 104.60, so withinside the brief term, the USD is anticipated to get better barely today. Most of the marketplace will now no longer have lots fluctuation because of the financial institution holiday. Ace can refer to shopping for with USD
DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel .
💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone .
🔔I expect the DXY Index to rise to at least the Resistance line .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY Channel Up bottom. Strong buy opportunity.The U.S. Dollar Index (DXY) hit both Targets that we set on our January 24 analysis (see chart below):
Yet again, a new buy opportunity is emerging as the price not only hit the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) Support Zone but also the bottom of the (dotted) Channel Up, which is essentially the Bullish Leg of the 1-year Channel Up.
With the 1D MACD about to form a Bullish Cross, that will be the bullish confirmation we need to buy and target 108.000 (near the top of the dotted Channel Up and almost +4% from yesterday's Low, which is a standard rise % within the pattern).
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DXY - USD Sinking To A Bottomless Pit The Fundamentals
When I think of U.S. Federal Reserve and U.S. Government infinite debt ceiling, the title of the movie, "The Gods Must Be Crazy" comes to my mind. What they are doing has only one end result, the destruction of the U.S. $ and its economy.
There are new sheriffs in town (BRICS - Economic Sheriffs, Russia, China, Iran - Military Sheriffs), the U.S. no longer has military nor economic hegemony, this is what's behind the power of the U.S. $, imagine being powerless to protect their interests in the red sea, where there's a new sheriff in town called Iran camouflaged as Houthis :D or being kicked out of Niger?
Some genius decades ago, had the bright idea that backing the U.S. $ by military power was a great idea, moving factories to China for the sake of increasing profits was also a bright idea, and at the same time antagonizing China.
The Technical Analysis
Counting the waves, looks like we've completed wave B of wave 5 which means wave C could take the USD below 92. Coincidently that's close to 0.5 and 0.618 Fibs. Wave 1 and 2 of wave C looks completed now brace for impact!
Mayday! Mayday!
The Bullish Scenario
Wave B of wave 5 could be an extended wave and take the USD all ze vay to 119 and crash afterwards.