Currently, the dollar trend indicates a bearish direction, suggesting that pairs I typically trade, such as GU, EU, and gold, may rise. Presently, I anticipate a retracement to occur towards an 8-hour supply zone I've identified, facilitating the continuation of the bearish trajectory. This ideally aligns with my strategy until the price drops to around the 104...
Dollar index weekly chart still looks incredibly bullish long-term. First, we have a basic falling wedge pattern with targets at 1x and 1.5x measured moves up from the breakout of its wedge. As confluence, I've drawn an trend-based fib extension from the Sept 2022 High -> July 2023 low -> October 2023's high from the wedge break (inverted). Items of Note: ...
The foreign exchange market witnessed a tug-of-war this week, with the Japanese yen (JPY) taking center stage. Speculation surrounding potential intervention by Japanese authorities to prop up the weakening yen against the US dollar (USD) sent ripples through the currency landscape. Meanwhile, the US Dollar Index (DXY), a broad measure of the greenback's strength,...
Hi Traders ! On The Daily Time Frame: The Dollar Index Formed a Double TOP Pattern. The Neckline is Broken ! So, I Expect a Bearish Move 📉. __________ TARGET: 105.000🎯
Price action analysis for Dollar Index. Important key levels. Directional bias. Predictions and forecast. ❤️Please, support my work with like, thank you!❤️
🏃♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone. 🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside...
The Federal Reserve left the target for the Fed Funds Rate ECONOMICS:USINTR unchanged at 5%-5.25%, as expected, but signaled rates may go to 5.6% by Year-End if the Economy and Inflation do not Slow down more. It is the first pause in the tightening campaign following ten consecutive hikes that lifted borrowing costs by 500bps to the highest level since...
Price action analysis for DXY. Important key levels. Potential scenarios ahead of FED interest rate decision. ❤️Please, support my work with like, thank you!❤️
The dollar index creates a bearish flag after the breakout of the 105.00 level. The market is ready to break the bearish flag because tomorrow is the federal interest rate and Powell's speech a big day. There is also a resistance level at 107.00. If the bearish flag breaks then the market moves toward resistance level.
- One of the most important barometers for global currencies and markets in the world. - Most of the time DXY is a well used machine to supress markets (forex, stocks, cryptos, etc..) - When they don't start the printing machine, DXY keeps is strength. - When they start to print DXY starts to dip and markets boom up. - it's really basic and based on "BRRR...
The dollar index broke the consolidation zone of the 106.200-105.500 range. the market broke out to a downside level and now tested its 105.500 level of support that's become resistance. If the market rejects this level then more downward to 104.800 which is the support and demand area.
The financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe,...
hello dear trader I think the dollar will continue to fall after filling the gap... there is a strong resistance zone above it... harmonic pattern and resistance zone and fibos... on the other hand, due to the high bank interest rate and the possibility of a bank collapse Again.. the soft landing will begin soon i think the yello area is the best place for open...
In our last analysis, the DXY TVC:DXY continued its upward movement. actually due to geopolitical crisis, the market was betting on stronger dollar. We believe that this week is going to be calm and slow market. we are still bullish on US dollar. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and...
■Outlook for DXY on 1W chart. We are in sub-wave iii of the upper degree wave C. The sub-waves of wave iii will form a 5-wave impulse. If the assumptions of this scenario are correct, the sub-wave (3) of wave iii should start soon.
■Outlook for the EURUSD 1W chart. Currently, we are in sub-wave ⅱ of wave (ⅲ). Sub-wave ⅱ is expected to complete soon. After that, sub-wave ⅲ will start. It is anticipated that sub-wave ⅲ will form a five-wave impulse. If the assumptions of this scenario are correct, sub-wave ⅲ is likely to break through several channel lines and resistance lines, and I...
TVC:DXY *D (tf) Previous Ideas of Resistance to Watch (before & after 'play button' ) (before & after 'play button' ) Next decent Resistances for TVC:DXY to face will be the 0.5 Macro Fibb Level @107.7 level . Surpassing that via decent breakout, correction may be anticipated as a retest and confirmation for TVC:DXY to continue Higher. Meanwhile on...
The Fed's Higher-for-Longer Strategy: A Strong Dollar Squeezes Markets The Federal Reserve's unwavering commitment to its "higher-for-longer" interest rate policy is pushing the U.S. dollar to its limits. Chair Jerome Powell's recent pronouncements leave little doubt: rate cuts won't be coming soon. This strong dollar is creating a ripple effect across global...