DXY hit the monthly support and bouncing off of that. It is likely that it will reach to the weekly resistance 1 as marked on the chart and there it shall be pushed back down.
The US Dollar Index (DXY) found support on the 50% Fibonacci level and the important 102 level in the Weekly chart. The strong Non-Farm Payrolls (NFP) report on Friday, which saw the addition of more than 500,000 jobs, confirms that a bounce is taking place and indicates that market participants are now pricing in the probability of no rate cuts in the second...
We have the DXY trapped inbetween our overall bullish structure, we can see the market bouncing off from our supporting trendline giving us a strong push to the upside. meaning we having buyers currently pushing the market up aiming for the resisting trendline (v) from the we having to market probabilities 1.SELLING OPPORTUNITY - we having a high probability of...
there appears to be lot of confluence with bullish continuation on dxy. broke resistance and holding a long term level of support that dates all the way bac to 1970. just hit the .786 on the fib and rhymes well with previous bull run. be patient if this continues upward be expecting crypto to drop further, view the correlation on my previous post. (safe trading)
Can they break the 11 year trendline? Guess we'll see.
DXY looks bullish current candle goes up to resistance line, it might go above resistance or fall to blue line support -it is not clear. But the bias is 102.600 with 102 as a supply target and two price levels as the closest targets.
Hello,Friends! In this market situation, I am looking at multiple indicators And I can see bearish momentum accumulating on the pair right now This sentiment makes me bearish biased and I am considering a short! Like and subscribe and comment my ideas if you enjoy them!
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DXY took BSL at 102.899 and 103.061....now below we have 4h FVG...102.482(FVG HIGH) and 101.966(FVG LOW)...I wanna see it go for FVG.
hey folks look like we have a jump out of resistance on the DXY chart. Keeping a close eye!
Doller Index is Bullesh Now On Daily Timeframe So Here Dxy Can Take a Retracement of Minimum 0.38 and Go High
DXY is at higher WMA, I believe this is time we saw slightly retracement at Crypto and Stock market I am anticipated that it will be bearish February, sideway March and then April we go green again!
2023 is really recession year if $ index toch 120 level. I think 2023 1st quarter is aa bull trap for big fall so stay safe your portfolio
What's next for the U.S Dollar? My conviction remains the same that we may retest & reject from the yearly open, fall deeper into the Monthly FVG (clearing out LTF FVG's) before a 3-Day / Weekly SFP reversal into March FOMC. I remain bullish on risk for Feb. $BTC $DXY #Crypto - Like this TA? Follow me on Twitter (www.twitter.com)
The U.S. Dollar Currency Index is about to break a support level of 252 days. This is a very big deal. For those who don't know why this is huge news for crypto and all other risk-on assets, look at this chart showing the almost perfect INVERSE relationship between Bitcoin and the U.S. Dollar Index since about 2014 On smaller timeframes this break is...
The last 2 days' movement on DXY looks like we could be in an area of support for the dollar. Indeed the yen looks very vulnerable. Is this a headwind for stocks? Possibly.