The U.S. Dollar Index is retracing its weekly losses to more than 50%. The rejection on its 1W MA50 though two weeks ago, maintains the long term bearish trend and that retracement makes it a sell opportunity again. With 1W technicals still in red (RSI = 41.988, MACD = -0.570, ADX = 23.107) and the MACD in particular on the same level as the start of the final...
This trade idea totally based on pure technical analysis with 1% risk and maximum reward ratio. If you want to succeed in trading you must need to ignore indicators , yopu must need to focus on naked chart
The U.S. Dollar Index (DXY) has hit our first short-term target as presented on our most recent analysis: The major news however is that it failed to break above its 1W MA50 (blue trend-line) where in fact it got rejected last week. This validates the giant Head and Shoulders (H&S) idea we discussed in the past, which is now targeting the 1W MA200 (orange...
For most of 2022, the USD rallied bullishly and pulled back in the last quarter of 2022, falling as 2023 unfolded. Recent weeks saw some recovery in the USD but it failed the 23EMA. The devil in the details show that there is a Dark Cloud Cover candlestick pattern , which bodes ominously for the USD in the following weeks. Noted that the close had to be below...
The Dollar Index got rejected on R1 (105.830) that is the Resistance that formed the December 7th and January 6th Highs and turned neureal on its 1D technicals (RSI = 51.995, MACD = 0.460, ADX = 33.297). We expect some consolidation inside the R1 - S1 (103.470) range, same as in December but when the 1D MA50 breaks, we will turn bearish (TP = 101.000) targeting...
The U.S. Dollar Index got rejected on its January 06 High Resistance and even though it is on a short-term Channel Up, the Resistance rejection as well as mostly the September 29 Lower Highs trend-line, will soon start to weigh sell pressure on the price action. With the 1D RSI printing a Head and Shoulders formation similar to September - October 2022, we remain...
sell ICEUS:DX1! to 100.900. if you have any questions do not hesitate to contact me.
The U.S. Dollar Index is headed towards critical crossroads as the 105.650 January 06 High is the most important Resistance with relation to the long-term trend. If broken the medium-term bullish trend transitions to the long-term. The February Channel Up is supported by the 4H MA100 (green trend-line). If broken, we will take a sell targeting the 4H MA200 at...
The U.S. Dollar Index (DXY) came close o the 105.650 Resistance of the January 06 High and currently has been rejected. This was a level that failed to break above the 1D MA200 (orange trend-line), which is holding as Resistance since December and is also inside the Pivot Zone that formed three rejections and one rebound since May 13 2022. With the RSI almost...
Welcome . Quick deal. An opportunity to sell the US dollar. Rectangular penetration. There is a strong trend. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas, thank you
In this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target
Just a wide overlook to the $ index daily chart What do think guys ?! Note: Not a trade idea!! TVC:DXY
DXY which is short for the U.S. Dollar Index, got rejected at the top of the Channel Down and the 1D MA50. The 4H MA200 is providing the short term Support but since the 1 day sequence is Lower Highs and Lower Lows, it should break on the next Low. The 1D technicals are neutral (RSI = 54.316, MACD = -0.150, ADX = 34.104) after turning overbought yesterday and the...
The US Dollar Index has now the opportunity to test the 4H MA50 as a Support, chaning the short term 4H technicals to neutral (RSI = 49.586, MACD = 0.050, ADX = 33.920). The last time this happened was early this month (January 4th). The 4H MA50 held and pushed DXY for a last peak and Lower High on the two month Channel Down over the 4H MA200. This time the 1D...
The U.S. Dollar Index (DXY) has been somewhat consolidating lately in the past 2 weeks. Last time we warned that upon a pending Death Cross on the 1D time-frame, more pain would come: It appears that we caught the exact high before a new round of selling on the USD. To maintain a broad perspective, it is useful now to look at the last two times it formed a 1D...
Interesting bullish pattern presented on the Vix which is being followed by the RSI and an interesting bullish hammer in the DX1!
DXY is trading much lower than the 1W MA50 and is unphazed by the 1W technicals that are quickly approaching an oversold state (RSI = 35.543, MACD = -0.830, ADX = 32.507). With the pattern that has been confirmed as a Head and Shoulders since the September peak, it is possible to see a straight continuation of the downtrend to at least the 1W MA200. Since mid...
Many posting similar views. USD/DXY rally or failure of support dating back to Sept 2017 will determine direction here.