The Dollar Index (DXY) has experienced two significant bullish legs followed by pullbacks. Currently, it is at the end of the most recent pullback. Notably, the falling momentum appears to be weakening, as evidenced by the shorter and less intense downward legs during the pullback phases. This weakening momentum suggests that the bearish pressure may be subsiding,...
4 hour chart comparison, negative correlation between Bitcoin and the Dollar Index. I'm still bullish on BTC up to 73k, but I think we'll at least see 67.5k with the way these two are moving, possibly a pullback below 67k to around 60-65.
I expected TVC:DXY to dive to 97 before this because I didn't think the BOJ could hold on this long. I guess we need the dollar to go higher to make the BOJ to dump treasuries so the FED can cut rates and metals can hyperinflate. TVC:DXY is bull-flagging and TTM squeeze is ready on EVERY TM! That means a huge slam for gold is coming up...
#dollar index, #dxy broke out the falling channel with yesterday's dump on assets like #gold #silver #btc thus, money has flown into #usd .DXY did 2 fake outs in a month. If this is a real breakout, all markets, #currencies #altcoins #metals #commodities #crypto etc. may taste a blood bath period. Not financial advice.
Looking for Impulse Up. DXY moving up with continuation pattern. It completed 5 legs too. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments. Learn & Earn! Wave Trader Pro
NYMEX:CL1! TVC:DXY Right now as the Crude Oil prices are at *premium and technically we are around a strong support area I think we would see a rally somewhere between 67.5 and 72.5. However, this week, we have PMI and NFP news ahead so if the reports come out to support DXY, Crude oil might stay around this area for a while (as it's seasonality suggests) *...
H4 - Strong bearish momentum Uptrend line breakout Lower lows Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
The chart should speak for itself. DXY long term view (tri-monthly data) is conveying shifting trend on the dollar index -- to the downside. Expect more long term correction, as this time frame don't change mind too often. Spotted at 102.25 TAYOR. safeguard capital always.
Dollar Index looks quite oversold after a yesterday's bearish movement. The price reached a key horizontal support and formed a double bottom pattern on that. I think that we may see a pullback today at least to 103.9 ❤️Please, support my work with like, thank you!❤️
US Stock market is taking a break from the bullish aggressive push and soon it will be reflected in $S&P500 index. Immediate area of demand as shown in the chart above ********************************* Do your own research. Use a stop loss
I will look for confirmation to take advantage of the pullback to my original zone to continue buying
On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700. The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks. I am keen on seeing this...
Good morning traders. 🥳 Hope you all had a great weekend and ready for the week ahead. A quick glance at the charts this morning and the dollar has reset back to the POC levels it entered last week with and on the 12 hr we can see that we are now forming a descending triangle which means that if we break above 105.000 we could see a continuation to the upside...
DXY is currently trading within an expanding channel. A potential reversal could occur if the price manages to break out bullishly from this structure and surpass the identified consolidation zone. However, if this breakout does not happen as anticipated, we might see a further decline or an extended period of consolidation.
Not my favorite timeframe, 4H, too low for me but the risk reward is good and I think the dollar is going down anyway. I'm already shorting the dollar with AUDUSD pair. I see a lot of resistance above it might false break up so adjust your SL to trigger only if a 4H candle closes above the resistance area.
Hello Traders ! On Wednesday 22 May, The Dollar Index reached a resistance level (105.123 - 104.915) and failed to break it! Let's expect the bearish scenario: If the price breaks and closes below the higher low We will see a bearish move📉 ------------- TARGET: 104.210🎯
The tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first...
Today's Trade Summary 📊 2x Trades Taken (1x Win & 1x Break Even) 📈 EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅 I still expect XAU/USD to move...