Hello Traders US Dollar Currency Index - TVC. Formation Analysis Possible Formation of Head & Shoulder in continuation. Trend : Downward. Formation : Parallel Channel Formation (In Progress) Possibility : Bullish continuation Probability to hit tragedy: 55.00% Idea supporting parameters: FIB Level 61.8% honored 6 times during 6 months...
The dollar currency index has been in down trend for more than one month now.On friday last week it has completed the small impulse trend and correction and the new impulse has just begun now and the next downside targets are 103.56 and 103.03 levels.
It is no big secret that the U.S. Dollar Index (DXY) is on a strong bearish reversal. It is something we've been warning the community about since September when we caught the exact top on the Channel and called for a massive reversal: What however appears to have confirmed the bearish extension is the fact that the DXY broke and closed below its 1D MA200...
11 solid reasons that you can rely on to start the price drop: 1. Strong negative divergence in RSI and MACD 2. The formation of Hanging Man candlestick (a bearish candlestick that initiates a downward trend) 3. The possibility of forming a double top 4. Strong resistance 1800 to 1810 5. Dealing with the trend line (probable channel) daily 6. The...
From my point of view, DXY is forming an extended wave 5 momentum pattern. We are currently in the last wave of this pattern. When we go down one time frame, we see that the recent correction is an Elongated flat, which when this pattern comes at the beginning of a correction, it warns us that the upcoming correction will probably be a triangle. For this reason,...
The United States Dollar Index remains under pressure throughout the week while having a momentarily breakout of the key support region at 105.0. Last Friday's candlestick closed with a wide shadow with a small body, possibly showing sign of market indecision. With this, reversal towards the upside is still likely but only with confirmation and keep stop...
- Seasonally spoken NZD is supposed to be the strongest amongst the Majors - USD is supposed to weak in DEC - Seems like Institutions bought below 0.5750 - Looking for an offset 1000 pips higher above 0.6750 - 0.6250 = Previous Year Middle = Imbalance = GAP = Support - Volume preceeds price on the Daily - COT shows Asset Managers accumulationg longs and...
- Seasonally spoken NZD is supposed to be the strongest amongst the Majors - USD is supposed to weak in DEC - Seems like Institutions bought below 0.5750 - Looking for an offset 1000 pips higher above 0.6750 - 0.6250 = Previous Year Middle = Imbalance = GAP = Support - Volume preceeds price on the Daily - COT shows Asset Managers accumulationg longs and...
Hello, Friends! Anyone who looks at the chart of DXY today Can tell that bears will win this battle So we are opening a short position! SELL! ✅LIKE AND COMMENT MY IDEAS✅
DXY - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy DXY Entry Level - 104.524 Stop Loss - 102.191 Take Profit - 108.038 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
- Seasonal: S&P is supposed to be strong in DEC - Seasonal: USD is supposed to be weak in DEC - Pattern: Q4 created a W + 1st push, 2nd push is to be expected after stophunt - Technical: Bullish break of Market Structure on the Daily in OCT - Efficiency: D1 overlapping Gaps + Imbalances offer support around 3900 and 4000 - S&D: Weekly Supply-zone at 4500 with...
Hello,Friends! In this market situation, I am looking at multiple indicators And I can see bearish momentum accumulating on the pair right now This sentiment makes me bearish biased and I am considering a short! Like and subscribe and comment my ideas if you enjoy them!
DXY has followed the red trend line. We should wait to see whether it can save DXY again. But according to US anti-inflationary policy, there is a little hope for DXY to grow up again.
The bear market rally is coming to an and when the $ makes a turnaround. From my perspective this is very likely the area around 103 since 102.992 is the previous high from March 2020. From there we might see a rally up into the 120 - 125 area. I added the Elliot Waves even though I don't trade them.
Hey traders, Dollar Index was testing an important demand zone on a daily time frame this week. Yesterday, the price violated that: we see a daily/weekly candle close below. It may push the index lower next week/ Next support - 103.8 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
In the daily timeframe, as seen, it has reached the midline of the 12-year channel and is on strong and reliable support ( 104 to 104,300 ). We also have a price range from 109 to 111 that must be filled. The 9-month old channel is also broken and should be pullback to this channel. In RSI and MACD , positive and strong divergence has formed. Based on...
- DXY is dropping but assets still show a very weak recovery. - It will create a W pattern before pumping again. Then assets will drop to their lowest prices - Sell assets at DXY bottom and buy back when DXY top
🔴 DXY - USD Currency Index TF: 3D Side: Short Pattern: Ascending Broadening Wedge SL: $118 - $120 TP 1: $109.831 TP 2: $106.926 TP 3: $104.578 The ascending broadening wedge is a chart pattern that tends to disappear in a bear market. Most often, you'll find them in a bull market with a downward breakout. Monthly RSI is at 94 indicating oversold.