DXY ANALYSIS
Updated
Only on the slow timeframes can you predict the direction of the Dollar with some degree of accuracy. The faster timeframes are so volatile and misleading. For several months, the DXY has been sitting on this monthly support which was previous support. Earlier this week, FOMC maintained the interest rate of the Dollar at 5.25% for the first time since March 2022. The FED and FOMC is a pace setter and we are likely to see other major central banks following in step, marking the end of the current economic cycle. Trends will form and break out. The close of this monthly candle will confirm the DXY trend, which is likely to be bullish.
Note
Bulls are slowly taking over.Note
Looks like the monthly candle is gonna leave a wick to the downside. In that case, there will be no doubt that the DXY was indeed testing the previous resistance (now support)Note
Two more days before the closing of the monthly candle. These will be very important because if the monthly candle closes above its opening, that will be a strong trend confirmation to buy the Dollar.Note
100 Pips for the DXY! Nice bullish momentum coming in strong !Note
Price is back at the long term support which was also resistance multiple times before. Previously, price has paused and reversed at this level. What happens next will determine the next trends for the XXXUSD and USDXXX currencies.Note
99.00 - 101.00 is a very significant level for the DXY. It is a long term support/ resistance where the market has paused and reversed before. On a long TF , the market appears to be retesting this zone. If price is rejected at this zone in the coming days/weeks, the uptrend should resume and the DXY should make new highs above 115.00 by the end of the year.Note
The FOMC meets today to announce the Dollar interest rates. In the last meeting, the FOMC maintained the rates at 5.52% for the first time since March 2022.If the FOMC maintains the interest rates at 5.25% for the second tome in a row, the DXY may rise from the current levels. If the FOMC increases the interest rates, then the DXY may fall further.Note
Previous resistance/support is too strong. The DXY is set to rise again !Note
For the first time in the last three months, DXY closed above the support. Its now clear that the support will hold !Note
The market is slowly but gradually pulling away from the 101.00 support zone. Meanwhile, the Dollar continues to gain ground as XXXUSD pairs fall and USDXXX pairs rise.Note
DXY UP !, USDJPY UP !, USDCAD UP !Note
DXY rising from the ashes like a phoenix ! DXY to the moon !Note
200 PIPS ON THE DXY !Note
DXY RISING ! USDXXX RISING ! XXXUSD FALLING !. That's the pattern across all markets currently !Note
Bulls gaining momentum on the DXY everyday. New highs on the trend everyday !Note
Expecting the DXY to make new highs on the close of the weekly candle as the NFP is expected to add more fuel to the recent bullish momentum on the Dollar !Note
104.40 is the new high on the current DXY bull run !Note
104.80 is the new high on on the trend !..115.00 is the target !Note
105.10 is the new high on the DXY !Note
New highs tagged on DXY @ 105.40 !Note
The dollar making new highs after the FOMC maintained the dollar interest rates ! Let go BULLS !Note
106.00 IS THE NEW HIGH ON THE DXY!!.....350 PIPS !!Note
106.70 IS THE NEW HIGH ON THE DOLLAR TREND !Note
NEW HIGHS @ 107.10 !Note
The DXY is on the rise again !Note
450 PIPS ON THE DXY AS WE AWAIT THE FOMC TO PIVOT @ 5.50%
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