DXY Technical Analysis: Bearish Gartley Pattern Signals Short-Term Reversals The DXY (U.S. Dollar Index) has recently completed a bearish Gartley pattern, suggesting the potential for a short-term reversal in trend. The DXY may also test the 106.50 level before resuming its downward movement. Focus on FOMC: Since the pattern’s completion, market attention has...
Hey folks, Exciting developments in the world of trading! 📈📉 The dollar index just made a significant move, breaking and closing below a major daily support level. 🚀 What's more intriguing is the response afterward—a bullish retest that's met with a strong bearish reaction. 🐻💥 This could be a game-changer, indicating a potential downward trend in the dollar...
Technically speaking USD has been ranging from 100 to 105 for a long time. it had an up break twice but got rejected. This time is different and that is due to the break not getting rejected. Market move showing a big bull run incoming targeting 110 area. Expecting FED to keep rates steady due to GREEN CPI readings making them kind of unable to do so. The only way...
doubt this bubba has lefs expecting a reisting of breakout area followed by a loss of support resulting in a deviation IF not then big hammer above is where we would likely have tonnes of liquidity and reverse there above that God help us:)
Hello my fellow trader, financial market analyst, Cryptocurrency lover; readers and supporters, how are you feeling today? Conclusion? 👉 The DXY is bullish! (You know what this means?) Let's read the chart together for learning purposes, fun and entertainment, or just to clear any doubts regarding my conclusion statement. Feel free to boost before...
🏃♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone. 🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside...
The DXY has made a bullish reaction off the pivot and could potentially bounce higher towards the 1st resistance. Pivot: 105.52 1st Support: 105.08 1st Resistance: 106.29 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
Price action analysis for DXY. Important key levels. Potential scenarios ahead of FED interest rate decision. ❤️Please, support my work with like, thank you!❤️
30th April DXY: Further upside to 106 area, needs to break 106.10 to climb to 106.40 NZDUSD: Sell 0.5925 SL 20 TP 60 (Hesitation at 0.59) AUDUSD: Buy 0.6550 SL 20 TP 65 USDJPY: Chill for now, Sell 154.80 SL 30 TP 110 GBPUSD: Buy 1.2575 SL 20 TP 70 EURUSD: Sell 1.0710 SL 20 TP 45 USDCHF: Climb to 0.9150 and possibly consolidate USDCAD: Buy 1.3720 SL 20 TP...
We expect DXY to rally this week, our first target is the old high at 106.20. If the dollar stays strong, we have even higher upside targets of 106.5 and 107.20 in the near future. A higher dollar suggest a risk off scenario, hence we could see lower prices in other assets eventually. This is no financial advise! Do not risk real money on any idea published by us.
Hi Traders ! On The Daily Time Frame: The Dollar Index Formed a Double TOP Pattern. The Neckline is Broken ! So, I Expect a Bearish Move 📉. __________ TARGET: 105.000🎯
Expecting lower prices on the DXY this coming week backed up by fed rates....
The US dollar will continue to rise with decisions that overshadow the interest rate reduction expectation until the US dollar announces its decision to reduce interest rates. The American government stands at a critical point between crisis and growth. Even though it is reaching a crisis point in terms of debt and the course of the world, it is trying to keep...
The US Dollar Index struggles to retain the rebound from last week’s low (105.41), but DXY may attempt to further retrace the decline from the November high (107.11) as a bull-flag formation takes shape. DXY Outlook DXY appears to be stuck in a narrow range after pushing the Relative Strength Index (RSI) into overbought territory for the first time in 2024,...
Pair : DXY Index Description : Bearish Channel in STF Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Long Time Frame
Considering that the support trend line has been broken, as long as the price fluctuates below the green resistance range, the continuation of the downward trend is likely
4.29.24 The dxy is easy to chart. it shows you fairly easily where the reversal areas are in the past. so I decided to clean up the chart while I was doing the video. I wanted to show you how I keep the charts clean and without clutter always trying to use the tools that will help me make trading decisions in real time...... and strategically picking entry points...
26th April DXY: Consolidate along 105.60, could retest 106, but likely to range between 105.60 and 106 NZDUSD: Sell 0.5945 SL 20 TP 40 AUDUSD: Buy 0.6550 SL 30 TP 60 USDJPY: Watch for 157, could scalp up to 158 Sell Stop in place, in case of intervention GBPUSD: Sell 1.2520 SL 30 TP 90 EURUSD: Buy 1.0760 SL 40 TP 100 (hesitation at 1.0815) USDCHF: Sell...