After breaking a key support at 105, we can expect a decline to 103.9 for the Dollar Index.
u.s.dollar index can be some corrective then it may continue it's bearish trend...
16th May DXY: Retracing, needs to stay below 104.50. If support 103.990 broken, could trade down to 103.40 NZDUSD: Buy 0.6145 SL 20 TP 70 (Hesitation at 0.6180) AUDUSD: Sell 0.6710 SL 25 TP 50 USDJPY: Sell 153.55 SL 35 TP 75 GBPUSD: Sell 1.2655 SL 30 TP 80 (DXY recovery) EURUSD: Buy 1.09 SL 30 TP 70 (DXY weakness) Sell 1.0850 SL 30 TP 60 (DXY recovery)...
14th May DXY: Consolidating could retest 105.50 NZDUSD: Buy 0.6045 SL 15 TP 35 AUDUSD: Waiting, looking for a reaction at 0.6660 USDJPY: Buy 156.60 SL 20 TP 40 GBPUSD: Sell 1.2530 SL 20 TP 60 (hesitation at 1.25) EURUSD: Sell 1.0785 SL 20 TP 60 (hesitation at 1.0765) USDCHF: Ranging between 0.9055 and 0.9095 USDCAD: Wait to see reaction at 1.37 Gold:...
According to the behavior of the price in the specified support range, the possible scenarios are specified. It is expected that the index will change its trend in the support range and start an upward trend
PATIENCE IS THE KEY TO SUCCESS! DXY we are interested in only in BUYING IT , RESPECTED THE 4H OB REACTED OFF THE WEEKLY INVERVERSE FVG, CLEAR SIGN OF BULLISH MOVEMENT ! HOW TO TRADE IT ? wait for the lower timeframe confirmations to execute Sells on AU EU GU XAU / USD, with proper risk management. At Forex Jin , we’re out to prove that Forex Analysis can be...
17th May DXY: May be done with retracement, needs to break 104.40 to confirm. Below 104.40 could trade down to 104 round number support NZDUSD: Buy 0.6145 SL 20 TP 70 ("might close" at 0.6180) AUDUSD: Could range between 0.6655 and 0.6685, Buy 0.6690 SL 15 TP 35 USDJPY: Buy 156.15 SL 30 TP 80 GBPUSD: Sell 1.2640 SL 15 TP 65 EURUSD: Sell 1.0850 SL 25 TP 50...
The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in...
USD trying to gain a foothold after yesterdays lows due to a Higher than Expected Unemployment Claims report. The DXY dipped high in the morning from around 105.740, dropping to a low of around 105.200 and then went up slightly into a consolidating in a range from 105.332 high to 105.204 low. That being said USDCAD took a hard drop yesterday. These moves were...
↪️The Dollar Index broke through a significant daily demand zone last week, which has now become a supply area. The price is currently testing this broken structure and I have identified a bearish flag pattern in the intraday price action. The price has broken below a support line of the bearish flag pattern and closed below it, leading me to anticipate a...
Looking at price action tells me what the MARKET is thinking/doing. These past few days has not been easy to 'predict' movement because opposing the market are those who wish to see a weakening of the $ to drive down yield. Anyway, lets stick with the MARKET and trade accordingly. In all probabilities, we can see that the DXY will move higher in the coming...
The dollar index shows signs of weakness in rising and looks bearish. If it breaks the green range indicated in the chart, it is likely to fall to the lower gray range. For this reason, the currency pairs with the dollar will probably experience an increase in price.
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
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
1.According to my view dollar reached its Target and retested from Day Trendline Liquidity and the Support Zone. 2.If its broke the Resistance and upper Trendline then it'll reach the major resistance zone. 3.If Dollar broke the current support zone then it'll reach the next support around 103.000. 4.Day 200 EMA retested well.
The major trading opportunities next week could be front-loaded, with significant events occurring from Monday to Wednesday. USD Seven Fed officials are scheduled to speak on Monday and Tuesday, followed by the release of the FOMC meeting minutes on Wednesday. AUD The Reserve Bank of Australia will release the minutes from its latest interest rate...
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.