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DXY pullback to kick-off 1Q2024The 5th leg higher over the December period played out as predicted in my previous idea (link below) and the index is currently testing the 61.8% Fibo retracement level at 108.73. The RSI index is however hovering in the overbought zone which may be an indication of the start of a corrective wave lower to kick-off the 1Q2025. I expect the DXY to depreciate towards the support zone between 106.50 and 107.38 before the index makes another leg higher towards the 2022 high of 114.80. The support zone also coincides with the 50-day MA currently at 106.34.
TVC:DXYShort
by Goose96
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure. The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend. This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
TVC:DXYLong
by TheMarketFlow
4
DXY Is Going Up! Long! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 108.922. Considering the today's price action, probabilities will be high to see a movement to 110.143. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
2
The DXY is currently in a critical position appears to be forming a harmonic pattern. Based on AB = 50% and BC = 161.8%, we expect the DXY to reach the D Point, where a significant reversal or continuation of the trend could occur. AB Leg: The DXY retraced 50% Fibonacci retracement, confirming a solid start to the harmonic structure. BC Leg: The second move (BC) extended to 161.8% Fibonacci extension, which is a key level for harmonic confirmation. DC Leg: We are now waiting for the price to reach D Point, likely around a Fibonacci retracement level such as 78.6% of XA. Once it hits that level, we can expect a strong reversal or a continuation of the trend depending on the market behavior. What to Expect? If the DXY respects the D Point, we could see a major reversal (USD either gaining strength or weakening, depending on the direction). If the DXY breaks above D Point, the harmonic pattern will fail, and the trend could continue in its current direction. Where to Watch for Risks: Look for confirmation signals like divergences or candlestick patterns at the D Point to avoid entering a failed trade. The DXY is currently in a critical zone, so wait for confirmation before taking action. Be cautious of a breakout above the PRZ (Potential Reversal Zone)!
TVC:DXYShort
by professionalgoldtrader
1
DXY - ANALYSISHello, everyone! I hope you're all doing well. Today, I want to share my personal view on the Dollar Index ( DXY ) with you. Based on what I see from the Dollar Index, I’m expecting a price drop toward the 108.07 level. After DXY reaches that zone, I see two possible scenarios: 👉 Scenario One : The Dollar Index bounces upward from that zone and starts a bullish move. 👉 Scenario Two : If the 107.740 level breaks on the1h timeframe, we could see further downside for the Dollar. Trade safe
TVC:DXYShort
by PouyanTradeFX
It precious metals oil dxy1.3.25 I find it helpful the categorize the market in ways that are more specific than trending or ranging. there are intermediate patterns that can give you solid information including what reasonable targets you can use before you actually start the trade. near the end of the video I stumbled on the silver market which actually triggered long and short trades with relatively small risk....... and one reason you could think as a stop in Reverse traitor in that market because it characteristically has higher volatility than most markets it because 1 point is 1000 of dollars. so if you like action and you don't mind spending more time in front of the screen you can get that from Silver. I am not recommending silver because it doesn't take too many mistakes to lose a lot of capital. in fact gold is not a trade to start out with for the same reasons but I think there is a smaller contract and I know there is a smaller contract for oil which I think is a great Market... so if you start out with oil make sure it's the qm I think.... the smaller contract... half the return but half the risk. always be risk adverse. I spent more time than I should have over 30 minutes for sure... I'm sorry about that, but there are some subtleties to patterns that that are not really that subtle when you look at them with a Discerning Eye. it is possible that the oil will trade higher from its current price and then I would add another range box above the current range box... I did not get to talk about that on this video. on the other hand while I am generally bullish on the precious metals, my gut feeling on gold is that it's going to range for a while until something happens that changes my mind... and that would influence the way I would trade that market.
TVC:DXYEducation
by ScottBogatin
1