DXY still in bullish 3may2023DXY movement has been slow in the last 2 days, probably due to the big news releases this week. I believe DXY is still in a bullish position
Usdindex!!
DXY DX1! (USD INDEX) DOWNTRENDWith USD News due at 5:30 AM Pacific Time for me, I expect this Minor Resistance Level (see chart annotation) to get some attention from Price Action.
Now, an uptrend retracement is likely to continue if Price Action closes above the Uptrend Anchor Break at 101.0460.
However, if price action: (1) stays below 100.9750 AND (2) closes below 100.7880 (Downtrend Anchor Break), we should anticipate the downtrend to continue.
If the DXY continues to fall, the EUR/USD will continue to rise. AND THAT'S GOOD "NEWS" FOR US!!! LOL
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USD Index, looking to move lower? USD Index, could we have a new leg lower, kicking off traders? Yesterday we saw a third straight decline as sellers rejected an earlier move and took back control. It was a commanding move lower as we saw sellers break and close below 103.35.
This move also beat 103.48 support and set a new lower low after the trend break. This move maintains the run of lower highs and lower lows after the trend break. This can be called normal trend. Price looks to breaking the last uptrend, but we do see some potential support at 103.05 to 102.85. There’s been plenty of demand in that area, and we wonder if price can retest it will we see new demand develop from buyers?
This week’s FOMC is another big factor for the USD. Rates are expected to rise by a further 25 points, but could we see the Fed soften its stance due to the ongoing banking crisis? Inflation remains above their preferred level, so could and pullback, if seen only, be on a very short term?
If we see sellers break yesterday’s low, we will be looking for sellers to make a new test of demand, as mentioned above. Then our focus will be on the FOMC meeting from the 21st to the 22nd of this week, and the statement is a key point of interest.
Good trading.
DXY ( High Probability SELL Setup SOON )* Here we can see clearly the next moves for USD index ( DXY ),
* We can see clearly the Bearish Divergence on the RSI indicator,
* This shows us more confirmation for our U.S. indices Strop Bullish Move,
* We're using H2 time frame for a clearer view of our analysis, hence we can't predict the duration of our analysis to occur,
* Keep a close eye on U.S. indices coming days & weeks,
* Happy pip hunting traders,
* FX KILLA.
Watching divergence on USD indexUSD index has formed divergence.
Looking at the daily chart, we can see a familiar pattern forming between price and the 10 CCI. This pattern is called regular divergence, which can tell us that a possible reversal could develop.
In today’s analysis, we have run over the divergence pattern we are watching and Friday’s price action, which might give it more substance. From here, we would like to see a new move by sellers that breaks last Friday’s low, and this could confirm that sellers are in control and could look to take price back down to the moving averages.
103 could offer some resistance if reached by sellers, as it was a previous level of consolidation before the last breakout. Focus now will be on sellers and if they can back up Friday’s move with a new push lower.
The US has a bank holiday today, which could also be another factor for short-term volatility.
Good trading
DXY- Some signs of life. Bottom in place?On Monday, Dxy made a new low at 101.50 and since then the Index started to consolidate in a pretty tight range.
Slowly bulls seem to find some life and an up continuation could be next.
The short-term target for such a rise is the 103.20 zone resistance.
I'm bullish as long as 101.50 is intact
USD Index.. the death cross 09 Jan 2023The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security's short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day).
Nothing is 100% in trading, so you should not blindly trade this indication. Like all forex charts, this also does not mean that the USD will move down in a straight line, there will be peaks and valleys. But this chart does tell us that that the USD will continue to weaken over time. This means that our trading for the next few months should be that we hold a bearish USD bias in any pair that we trade.
Always use sound money and risk management and stay patient in all your trades.
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What do you think about this trade idea? Please comment and share your thoughts!!
DXYA descending impulse is finished in the form of wave A, after which we can expect the completion of wave B.
DXY 15th Dec 2022 Short Setup UpdateHello friends. I hope you're enjoying your holiday with your families and friends. Was just looking at the charts and found out that our DXY setup is still playing along. Happy New Year!
#index usd #dxyHello friends,
We expect the index to rise
This chart is for you to use its crosses for trading.
DXY, Return and start growthDaily: The upward Falling Wedge pattern is successfully broken and starts a short-term growth. We also see a very strong positive divergence .
Upcoming targets: 105.650, 106.850 and 107.700
In the weekly time, a Pinbar candle has been formed, which can start a very strong upward trend. Hawkish Powell's words will also make the upward trend stronger.
So next week, we will see good growth.
Good luck.
My thoughts on DXY 15th Dec 2022There's quite some bearish momentum on DXY and although FOMC issued hawkish statements to try and jawbone the dollar into strengthening it's most likely that the USD will continue bearish though not in the long term. Price action in my perspective agrees with a bearish dollar
DXYThe price had double bottom and I think it can touch top red line, it can be number 4 or can break up the line. It can affect most of charts.
Expecting [DXY] to ease from 115.TVC:DXY Is soon meeting a confluence around 115. Anticipating weakness from that level.
#AHMEDMESBAH
USD INDEXbe aghide man shakhes vared moje nozoli shode va bayad be zodi shahed kahesh bishtar dar shakhes bashim
dadehaye tavaromi USA neshan az kahesh tavarom midahad va hamin kahesh tavarom mojeb mishavad ke nerkh bahre mojadad kam shavad va dar mah haye ayande dobare be samt kaheshi harekat konad
tahlilhaye bishtar va daghightar dar channel iranibourse ...
eradat
USD Index multiple Bullish signalsUSD Index looking very bullish. Double bottom formed on the weekly and monthly. Monthly MACD cross up about to happen, last time that happened about June 2018 we jumped over 15% from 89.229 to 102.992. If we have a jump 15% from last low it would take us to about 104.457. Double bottom target is about 96.50. RSI on the monthly going up over 48 about to cross up over 50. Bullish Hidden divergence on the MACD as well. All just possibilities.
BTCUSDT Against the Dollar Index Price movements BTCUSDT (Light blue line) plotted against the USD Index with blue lines recent daily and support levels.
Large time frame USD Index round bottom with potential bullflag formation current.
US dollar index holds key support ahead of US inflation reportThe US dollar was falling ahead of the midterm elections in anticipation of a Republican Senate and / or House. As the Dems have performed better than expected, we have seen a reversal of these pre-emptive moves on the eve of the US inflation report.
Expectations are for core CPI to soften (slightly) - but what if it doesn't? Inflation elsewhere continues to surprise to the upside, and with the dollar holding above key support then the path of least resistance could be higher, unless Reps take 'da house' and Senate ad inflation comes in softer than expected.
DXY held above the 109.60 support zone and produced a 2-bar bullish reversal. A bullish divergence has also formed with the RSI (2). Bulls could seek to enter long on retracements within yesterday's candle and place a stop beneath the cycle lows and target the monthly pivot point. But I'd also be looking for evidence of a swing high up to ~112 - but for now the near-term bias remains bullish.
US OIL DOWN TO 76 PRICE LEVEL ?i think us oil will continue down to 76 price level after that symmetrical triangle broken down .
