USD is showing positive signals amid tensions in the Middle EastEarlier this week, the safe-haven dollar strengthened against the euro as military clashes between Israel and the Palestinian Islamic militant group Hamas raised concerns that the conflict could spread beyond Gaza. However, the dollar weakened against other major currencies.
Yesterday, Israeli Prime Minister Benjamin Netanyahu said Israel's response to the multi-pronged attack by Palestinian armed groups from Gaza would "transform the Middle East." Risk sentiment is fragile as Israel announces it is mobilizing 300,000 reservists and imposing a complete blockade of Gaza amid potential attacks in response to weekend attacks by Hamas.
Fed member Bostic told the American Bankers Association that even if the Fed raises interest rates to slow the economy while keeping inflation in check, there is no prospect of a recession. Joseph Trevisani, a senior analyst at FX Street in New York, said Bostic's response comes amid the eruption of conflict in the Gaza Strip.
Analysts also said the decline in U.S. yields initially reflected comments from Fed officials that there may not be a need for further rate hikes given the rise in long-term yields, and the port sector becoming a safe-haven asset following a monetary policy clash. He said this was due to comments from traders who were looking for. Hamas and Israel.
Traders are currently waiting for key US inflation figures to be released today, October 11th. Investors are also keeping an eye on developments surrounding the conflict between Israel and the Palestinian Islamic group Hamas.
Dxysignals
DXY Index New Week MovePair : DXY Index
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame and Breakout of the Upper Trend Line and Retracement. Completed " 12345 " Impulsive Waves and " A " Corrective Wave. We have Strong Divergence and Break of Structure
Entry Precautions :
Don't Enter until its Rejects from Previous Support or Complete its Retracement
DeGRAM | Dollar index. Long to resistanceDXY broke the ascending channel and moved lower. However, the trend is bullish.
Price action is slowing as it approaches support.
We expect the price to go lower from the previous low because we don't have a proper higher high, and in order to make new highs, the price has to go lower.
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DXY will Fall by Head and Shoulders Pattern⏰(1-Hour)⏰✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴.
🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago.
🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
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DXY King Dollar has still fuel on this rally.The DXY (U.S. Dollar Index) is on a strong 3 month rally that has taken the market by surprise. However if we look on the (much) larger time-frames such as today's 1M (monthly), we see that this move wasn't so unexpected.
First of all, the price rebounded just before it hit the 1M MA50 (blue trend-line). On a large scale, DXY is simply extending the Channel Up pattern that emerged after the market broken above the Lower Highs of 1985 on the January 2015 candle. Fed wanted to believe it but this break-out extended the Channel Up that has already started on the 2008 bottom, the peak of the Housing Crisis. The central bank policies certainly achieved at keeping the greenback the most desired currency in the world.
Now back to the analysis, we can see that the 1M RSI symmetry suggests that the price might be on the final bullish wave before a new correction to or even below the 1M MA50. Still though, the current bullish wave has much room to grow before it exhausts.
Do you think it will keep rising and maybe reverse by Q2 2024?
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DeGRAM | Dollar Index longDXY is in a bullish trend and broke and closed above the 106.000 level.
Price action is trading in the ascending channel. If price pullbacks to support level,we can look for buying opportunities.
We expect the resistance zone to be tested because the price broke a significant level of resistance.
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🚨DXY Index is Ready to Fall🚨(1-hour)🏃♂️The DXY Index is moving in a 🔴Heavy Resistance Zone🔴.
🌊According to the theory of Elliott waves , the DXY index is near the end of five impulsive waves .
🔔I expect wave 5 to end near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and start to fall.
DXY Index Analyze ( DXYUSD ), 1-hour time frame ⏰.
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💵DXY💵 will have an upward trend in the Coming Months🚀Hi everyone👋.
💡The DXY index managed to break the 🔴 Resistance zone($103.80-$103.38) 🔴 last week.
🌊According to the Elliott wave theory , DXY completed the Zigzag correction(ABC/5-3-5) with the Expanding Ending Diagonal .
🔔I expect the DXY index to go up in the 🌙Coming Months🌙 and break the upcoming 🔴 Resistance zones 🔴 one by one.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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DXY is eyeing 105.50In my 24th of August DXY analysis, I explained why I'm bullish USD Index and suggested buy dips around 103 support.
It worked like a charm and after a short dive to support, bulls returned with vengeance and drove the price back up to resistance.
At this moment I expect also a break above this resistance in which instance traders could expect continuation towards the next one at 104.50.
I'm looking to sell rallies for EurUsd, AudUsd, GbpUsd, and NzdUsd.
My 24th August analysis:
DXY First 1W MA50 test since March. Bullish or bearish?The U.S. Dollar Index (DXY) has come the closest it's been to the 1W MA50 (red trend-line) in 6 months (since March 09 2023). So far the price action has shown a bearish reversal sentiment as the Higher Lows trend-line of the rally since the July 14 bottom, broke last week, but the 1D MA200 (orange trend-line) supported. This bearish sentiment will be confirmed however if the price gets rejected on the 1W MA50, i.e. test it and close the 1W candle below it.
In that case we will open a sell on the spot and target the 1D MA200 again and Support 1 at 103.000. If after that the price closes a 1D candle below, we will sell again towards Support 2 (102.000).
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DXY, ready to challenge the year's (2023) High.Ever since the greenback (DXY) hit the year's (2023) low at 99.595 on 14th July 2023 the price has steadily rise from the base of the descending channel and attempted to breakout on 17th August and finally broke out last Friday, 1st September on the back of the NFP fundamentals.
Last Thursday daily candle closed above the EMA-200 and also broke out of the descending channel with the Friday's candle.
The DXY is ready for an upside swing to a yearly (2023) high of 105.834 and potentially furthering up to 107.342 in the days to come. What an exciting time for the DXY.
DXY is adequately supported by the EMA-200, 100 and 20 on the Daily Time Frame.
DeGRAM | DXY buy pullbackDXY is making higher highs and higher closes. It broke out of the descending channel.
Price action created a nice long opportunity where a couple of confluence lines up with the support level.
Previous resistance becomes support; 38.2% fibo level. On the W chart, price created a bullish pinbar, which is huge bullish sign.
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DXY LONG TERM TRADE SELLING
Hello Traders
In This Chart DXY HOURLY Forex Forecast By FOREX PLANET
today DXY analysis 👆
🟢This Chart includes_ (DXY market update)
🟢What is The Next Opportunity on DXY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
DXY New Week MovePair : DXY Index
Description :
DXY Index is Following Bearish Channel in Short Term Frame and it has Breakout the Upper Trend Line it can Reject from the Previous Strong Resistance ( 104.578 / 104.668 )
And in Long Time Frame it is Following ELLIOT WAVES Theory , according to it will make its " 4th " Corrective Wave at Fibonacci Level " 61.80 / 78.20% )
DXY- What's up with the US DollarIn my previous DXY analysis, I wrote that, after the false break from mid-July, USD most probably reversed to the upside, and there are clear signs of this:
1. After the false break we have a strong bullish engulfing candle that confirms the old support (green rectangle)
2. Long-tailed Pin Bar candle that confirms the break above the falling trend line (red rectangle)
At this moment, the index is testing a horizontal resistance and yesterday we had a reversal candle.
In my opinion, this candle is not signaling reversal but, in the best case, a minor correction.
This correction should be considered a good chance to search for selling opportunities for USD pairs and my main focus is on EurUsd and AudUsd
🚨DXY crash after 🐮Bull Trap🐮🚨↗️DXY Index reacted well to the Resistance Line .
🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮.
🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart.
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 my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.