Salutations, The US Dollar exhibits a prototypical double-zig-zag configuration, reminiscent of what can be described as "Phase E" in the canonical Wyckoff Accumulation Schematic. --- During Phase E, an asset breaks free from its trading range, demand exerts unambiguous control and the appreciative trend becomes palpable to the discerning eye. Potential...
Currently, DXY has touched the Fibo extension at value 1, meaning that the wave length that occurs is equal to Wave 1. A correction may not take long, but for the medium-term target, DXY can bounce up to Fibo extension 1,618 which is parallel to the high of wave 2.
The U.S. Dollar Index (DXY) has found itself rebounding, many months after the huge sell signal we gave last September (chart below): The price rebound on the 100.790 Support that was first formed on the February 02 Low and is now above the 1D MA50 (blue trend-line). The 1D RSI symmetry with the February rise, hints that the price may rise as high as the...
DXY — RESISTANCE (4H) ✍️ Several things have led to the current success of the DXY: (1) The Bold Way the Federal Reserve Handles Money Interest rates were raised four times by the Fed in 2022, and this is expected to happen again in 2023. Because of this, buyers are more interested in the US dollar because it has higher interest rates than other currencies. (2)...
The week ended a little confused, post NFP and other announcements. The only slight clarity here is that over the next week (or few weeks), we should see the USD dropping a bit more, breaking down both support lines, for a few days. IF "lucky", the USD futures should reach target at 99, even for a day or two. Now, this comes with a bit of a stretch with...
The USD Futures Daily chart is already pointing that way... Once it breaks the yellow support line, it will look for 99. MACD slowing its ascent, while VolDiv is crossing down itself and below zero line. TD Setup is bearish for the USD. Bearish outlook overall.
watch the rest of the week. The USD is likely to slide down further based on the MACD; but VolDiv suggests that it is not likely to be a drastic off the cliff type. A revisit to the last low is very probable (small yellow ellipse) as it broke down the TDST (red dotted line) and should continue to remain below. If it closes the week below the TDST, USD is in a...
good eve' last post for awhile --- --- -pretty channel, -rejected 221 dma -bear flagging, -less people are interested in this currency these days. --- us dollar looks to me like it's ready to capitulate. my estimated downside target is 92. > do what you will with this information. --- read further:
good day, --- yesterday i shared a very conservative case on the us dollar, but after seeing the unfolding structure, i have come back to revise the case. i am predicting that the dxy expands upward in a fairly aggressive impulse upwards into may via an expanded flat. --- will update as it goes, but for now it's looking like we're heading up to roughly ...
DXY has found Support on S1 (100.800) and turned rather sideways on 1D as also shown by its technicals (RSI = 46.877, MACD = -0.410, ADX = 14.027). The RSI carries strong similarities with the November-January decline so as long as the price trades under the 1D MA50, we will be bearish aiming at the Channel Down bottom (TP = 99.000). If it closes a candle over the...
We are entering in a very reactive area. Possible bounce from here, target ca. 103. Lose the box and we visit 98-100 range. NFA
hello, just wanted to share an extra layer of confluence, supporting my latest spx post. --- the us dollar, has been very corrective on this entire move down - i will not share my full count (yet). --- >i am theorizing that it breaks down in the month(s) ahead leading into the summer time. --- prior to the breakdown, i'd like to see it backtest the last...
good eve' --- don't think i've ever shared my bull macro dxy outlook, so here it is. --- won't give you any reasoning behind this theory as i am not a fundamentalist or anything - just a data scientist who makes predictions using the stars. --- i'm theorizing that the us dollar hits 131 (at the minimum) by 2028. this will be devastating for the global markets. ✌
The U.S. Dollar Index (DXY) is rebounding aggressively today after holding the 100.815 Support (February 02 Low), on the strongest 4H candle so far in a month. It remains below both the 4H MA50 (blue trend-line) and 4H MA100 (green trend-line), trading inside both a core Channel Down (blue) and a Diverging Channel Down (dotted). The very same pattern was seen...
gm, i called both the bottom in 2021, and the top last year on the dxy (view posts at the bottom of this thread). very few people heard my voice - swinging by into the public communities to share this very general post today. --- dxy came down in 5 waves from my upside target, seemingly. possible w5 isn't in yet as it could see a slight extension - also...
With USD News due at 5:30 AM Pacific Time for me, I expect this Minor Resistance Level (see chart annotation) to get some attention from Price Action. Now, an uptrend retracement is likely to continue if Price Action closes above the Uptrend Anchor Break at 101.0460. However, if price action: (1) stays below 100.9750 AND (2) closes below 100.7880 (Downtrend...
In this update we review the recent price action in #DXY and identify the next high probability trading opportunity and price objective to target
In this update we review the recent price action in the #DXY and identify the next high probability trading opportunity and price objectives to target