The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar...
Inverted head and shoulder on the daily chart, combined with a cup and handle with a breakout of symmetrical triangle
Hello,Traders! DXY has retsted a Support cluster of the Rising and horizontal Support lines and we Are already seeing a Bullish reaction so a Further move up Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
United State Dollar index is about to hit the 103.400 psychology level
Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 104.752. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.081 level soon. P.S Overbought describes a period of...
Dollar has been clearly in this long term up trend showing strength, But Currently showing weakness, or possibly just a correction after an impulsive move to the up side. Dollar is currently sitting at a previous level of resistance now used as support. As long as it respects this area and does not continue pushing further pass this level we could see the...
I still focus for bullish momentum for USD . Dollar still strong. Trade with own risk.
And I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as...
Before Trend is Making Lower low and Lower High and there is Divergence Came In H1 there is Completion of ABCD pattern Now Trend is Making Higher and higher low and Trend take Retracement from Fib 0.6 level .There is completion of ABCD pattern
Dxy did a range more than a year.Some pattern occured for midterm trade.If gold and silver rise additionaly Dxy rise is bad sign.These instruments most of the time negative correlated.Only war and blackswan -ish situations change this.2025 first half looks like dangerous.
📈💼 DXY Update! 💼📉 Hey there, traders! 🌟 The dollar index, DXY, is in the spotlight once again! 🚀 Currently, it's cozying up to a crucial support trendline after some recent rollercoaster rides. 🎢 This area has become a hot topic, especially after a quick dip and an even quicker recovery. 🔄 But hold your horses, we're not out of the woods yet! 🌳 The upper...
. . . too weak a word for the way I think. Explanation on chart. *Truncation
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 105.100 zone, DXY is trading in a downtrend and currently is in a correction phase in which it approaching the trend at 105.100 support and resistance area. Fundamentally the recent CPI data was quiet soft and didn't exceed 0.3. Trade safe, Joe.
this is very tricky and I'm not sure but it seems like FED and HedgeFunds are playing big trap game.
🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
Updating my TVC:DXY predictions: 1. Everything hinges on carry trade with Japan 2. Japan is raising rates until they resubmit to negative interest rates this summer 3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency. 4. I...
It is important that we utilize the higher time frames for direction bias and target the highs or lows where liquidity is found. ALWAYS trade in the direction of the HTF. LTF are used to refine your entries. 1. Identify market direction - Daily/4hr chart. 2. Identify your current trading range. -Daily/4hr chart. 3. Get your Fibs retracement tool and draw from the...
hi, this is a DXY trade with a high probability because price hit a very importan area, using MARKET STRUCTURE