📈DXY Daily Long Scenario / A Bearish Week Waiting For Gold?📉TVC:DXY
FXOPEN:DXY
Hello dear traders.
⚡️ In this post I will track the DXY movements from 12 Apr - 18 Apr.
📈 What to Expect?
💡As long as DXY is above the midline of the pitchfork structure, the bullish scenario is quite valid.
The bullish scenario targets are on the price chart.
⚠️Important Note⚠️:
The price movement has been drawn a little wider than the actual movement to make it better visible. The actual price trend is likely to be faster.
Do not hesitate to ask any question about the analysis.
CrazyS
Dxyindex
DXY update before PMI price is near the resistance 0f 104.750 >> 104.800 >> 105
now the question whether the price sweep or run through this liquidity ???
as price has made higher high and higher lows with recent bos we are looking to buy instead of going short
during the impulsive momentum candle price has left behind some bullish fvg which are pending below at the level of 103.700 level before this we have higher low (this higher low could be the liquidity
before 103,700 i dont see any major fvg or ob as of 4h time frame
price currently going all time high which need to take a pullback to fuel the upside move again
the candle formed since 27th march are mostly sideways following a trending which is another area of liquidity laying below it
🚨DXY Index Is Ready to Go Down by H&S Pattern🚨🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴.
📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern .
💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible.
🔔I expect the DXY index to continue its decline after breaking the 🟢 Support zone($104.26-$103.88) 🟢 around $103 .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SasanSeifi 💁♂DXY/ Daily Hello,
The dollar index TVC:DXY started an uptrend from 100.600. After reaching the liquidity zone around 104.900, it faced a correction due to profit-taking by buyers. The correction extended down to the demand zone at 102.300.
The index has bounced back from the demand zone and is trading at 104.000.
The EMA is moving between the candlesticks, indicating a range-bound market.
If the daily candle closes with a strong body, we can expect positive movements towards 104.400 and 104.975.
We must observe how the price reacts at these levels to understand the further trend.
If the index breaks above 104.970/105 and consolidates, it can create a new high above 104.976 and potentially reach 105.500/106.
Otherwise, after ranging and confirmation of SELL in lower time frames, we may see a correction.
The key support levels are 103 and 102.350.
Remember, this is just a technical analysis and not financial advice. Always do your research before making any investment decisions.❗❌
I hope this analysis was helpful! If you have any questions, feel free to ask.🙌
DXY analysis 23 Mar 2024Monthly: The price has been showing strong resistance in M-BPR. So we could anticipate that the price has been started to fall down, If We get any Daily Bearish-MSS, After that we could go down.
Monthly Bias: Consolidation
Weekly: The price has been touched the W-FVG- There is a W-BSL resting in 105.00 level. So we could anticipate the price will take the W-BSL then start to move down. If we get any H4 Bearish MSS/CISD then our Bias towards the Down Side will confirm.
Weekly Bias: Consolidation
Daily: The price has been taken the D-BSL & Touched the D-FVG- So we could anticipate that in the up coming week we will be going down towards the D-SSL. If we get any H1 MSS then we can confirm that we are going down.
Daily BIas: Upward.
DXY Analysis: Potential Retracement AheadI'm closely monitoring the DXY (US Dollar Index) for indications of the dollar's trajectory into the weekend and early next week. The US dollar's influence on global markets makes the DXY a critical reference point for traders.
Given the strong correlation between many currency pairs and the US dollar, the DXY's current position at a key resistance level suggests a potential pullback. The dollar appears overextended, and coupled with typical end-of-week trading patterns, we may see a significant retracement impacting broader markets.
Important Disclaimer: This analysis is intended for educational purposes and should not be interpreted as financial advice.
DXY Index Is Ready to Go Up🚀✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴.
📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern .
🔔I expect the DXY index to rise to at least 🟡 Potential Reversal Zone(PRZ) 🟡.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD(GOLD) in anticipation of a price correctionInterest rates in the United States do not fall easily and are accepted by the Federal Reserve when inflation is in equilibrium. It is possible that with the reduction of international tensions, the global price of gold(xau/usd) will decrease, and if we go along with the reduction of interest rates, the increase in demand can be seen in the global price of gold.
There are two scenarios for the price movement, which are highlighted in the full picture