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Usdindex!!

The rise of the USD will continueThis is an analysis of the dollar index. From here we can draw conclusions about what will be the movement of each instrument against the USD. This is our forecast for next week. We see the higher bottoms and higher peaks that the dollar has formed in the last month. The decline of the last 3 days is a completely normal correction and we expect the dollar to continue rising. The first resistance will be 92.47, followed by 92.83 The analysis will change if the previous bottom breaks. If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
TVC:DXYLong
by ForexTrendline
DXY- A new leg up is more and more probable After reaching 89.20 low, Usd Index seemed to have found some life and corrected to 91 zone. A new attempt from bears was met with strong buying in 90 zone and at this point, it looks like we have a higher low in place. I expect a new leg of correction from DXY and my bullish bias will remain intact as long as 90 support is intact. My target for Usd Index is 92 resistance and I will look to sell EurUsd and AudUsd and buy UsdCad into this correction
TVC:DXYLong
by Mihai_Iacob
8
US INDEX DXY: Forecast: Possible Long the shortHere is an update on the DXY RECAP: In our previous analysis we expected the DXY to be bullish. DXY was trading at 90.9 and was within the ascending channel DXY fell and broke below the ascending channel and also our support at 90.6 After breaking below support we expected DXY to continue its downward trend toward 90.4, 90.0 & 89.2 DXY continued to fall to 90.39 as we expected and is currently trading at 90.42 WHAT TO EXPECT: DXY is currently trading at a support level at 90.4 We expect DXY to be short term bullish and trade towards previous support at 90.6 before continuing its downward trend Long term DXY is bearish Note: Trading Events might influence DXY today.
TVC:DXYLong
by fxspott
2
DXY- Correction over?After reaching a bottom just above 89 figure, USD Index started to correct higher and has reached 91.50 strong resistance. The rise from this bottom is in a clear ABCD corrective structure and is signaling a potential drop for the Dollar and the presumption of long-term downtrend. Support is now just under 91 and a daily break under this support will be a strong indication that the correction is over. I'm looking to buy dips for EurUsd, AudUsd and NzdUsd
TVC:DXYLong
by Mihai_Iacob
5
longgreeting guys THis is my usd dollar index forecast ,price has made inverse head and shoulder . we should expect more buy pressure from that zone ,as we can see the sellers pressure has ran out of momentum, a succesful break and retest will see the price to make new higher highs for the year ,relatively the usd stimulus packages that will be effect from mid march , will steer and bring hope for investors to take part in the dollar.and in the next month we will see the dollar strengthening againts major currencies . released immediately on behalf of MCFG CEO magna carta forex group
TVC:DXYLong
by MAGNACARTAFOREX
The USD rising again !Two weeks ago, the USD was seen to obviously be in a bullish divergence and was squeezing to burst up. On Friday, it just did that... so to demonstrate the daily chart would be used instead. The USD (no surprise here) popped up on Thursday and Friday. On Thursday, the USD index bounced off the descending wedge support and Friday's candlestick was a Gap Up, breaking out of a downtrend line. Technicals support this move as MACD crossed up, while the Price Momentum crossed over into the bullish zone, as marked by the green time line. Quite clear technical bounce observed here. Now to see if it is sustainable or trend changing. Btw... I'm a little cautious on seeing this chart. Because, in order for the USD index to rally really hard, and breakout of the descending wedge from this point, some pretty devastating event needs to happen. Nothing in plain sight, except for the US President handover, the alarming COVID-19 spread and massacre. Something major is brewing...
ICEUS:DX1!
by Auguraltrader
2
DXY | Falling WEDGE Pattern & Possible Breakout Target..!!#DXY #USDindex (Update) Forming Falling Wedge Pattern in 8h Timeframe. RSI Printing Bullish Divergence. In Case of Breakout, Target Would be 91.20 (Resistance) 📌NFP Data Release Ahead..!! 📈If all the NFP Data come out better than the forecasts, the #USD will rise. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
TVC:DXYLong
by Faibik
5
US Dollar Poised To Start 2021 On A Positive NoteThe U.S. Dollar has lost almost 13% of its value since it topped out at 102.99 in March , it has tumbled as the federal government carried out multiple fiscal rescue programs to buffer the economic damage from the coronavirus lockdown in the first half of the year. The chart above allows us to put U.S. Dollar's entire decline since March 2020 high in the Elliott Wave perspective. The long-term downtrend which took the currency price from 102.99 to around 89.71 in nine months took the shape of a textbook impulse pattern. Its five waves are labeled i-ii-iii-iv-v. US Dollar Bears Are Overstaying Their Welcome What should worry the bears is that according to the Elliott Wave principle, a three-wave correction follows every impulse. Corrections usually erase all of the fifth wave’s gains. For U.S. Dollar, this means a rally to the wave (iv) resistance area near 94.78 can be expected once wave (v) is over. If this analysis is correct, the U.S. dollar could be ready to come out of its funk and start rallying again. What's your view on U.S Dollar Index? Let me know in the comment. Thanks for reading! Veejahbee.
TVC:DXYLong
by Veejahbee
3