The Dollar Index is experiencing a slight downward trend, with the price consolidating in a descending triangle pattern. The neckline of this pattern is between 105.09 and 104.88, which has been a major horizontal structure. If the price breaks below this level and closes on a 4-hour chart, it is likely that the market will continue to decline. The first target...
TVC:DXY strength creates stock market bottoms as earnings translation reduces earnings from overseas. This simple graph will show you very simply how the TVC:DXY creates strong changes in earnings estimates, which in turn, cause market participants to change the value that they are placing on the market. Combine TVC:DXY movement together with other...
🏃♂️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...
Dxy sets in behavior to embar on the longing movement ... and the trend is being railed in a bullish channel ... on the higher timeframe #dxy is rifted to be a retracement to long ... hedge along as Akcapitals deciphers Gold market chart. follow for more insights , boost idea and surly make a comment on what your opinion or insights is
DXY, or the US dollar index, is an index that tracks the performance of the US dollar against other currencies123. It was originally developed by the US Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the US dollar against global currencies4. The index is used by traders seeking a measure of the value of USD against a...
The dollar has been dropping down to the Order block and the bottom of the ascending channel. This order block had quite a strong departure so I think we will get a reaction here for more confirmation close and retest of the previous week's low. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our previous analysis, DXY rejected the upper bound of the red channel and traded lower. What's next? 📉 DXY is undergoing a correction phase , trading within the rising channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is...
In correlation with the crypto this is my overview analysis
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 104.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.200 support and resistance area. Trade safe, Joe.
I still focus for bullish momentum for USD . Dollar still strong. Trade with own risk.
The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. The DXY index recorded its biggest decline of the year, falling 0.75% and penetrating below the MA 200 line. DXY is currently trading around its 5-week...
We are going to have a nice week. Dollar will be busy moving compared to last week. I see that the dollar made a break and retest. We are just below the Weekly close. WE are just below the double top neckline. I will be looking for the Dollar to show signs that its ready to drop. I have a feeling that the Fed will talk about not doing any more Rate hikes.
📈💼 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...
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.
Please, check our technical outlook for DXY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.322. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Backed up by fundamentals, negative correlation to us30, spx500 and nas100
Inverted head and shoulder on the daily chart, combined with a cup and handle with a breakout of symmetrical triangle
The U.S. Dollar Index (DXY) hit both Targets that we set on our January 24 analysis (see chart below): Yet again, a new buy opportunity is emerging as the price not only hit the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) Support Zone but also the bottom of the (dotted) Channel Up, which is essentially the Bullish Leg of the 1-year Channel...