possible recovery for us dollar. possible target : 108+ good luck.
The Dollar is surging and nothing seems to be stopping it the DXY has been rallying for nearly 16 months straight without a correction. We have just taken out the 2002 September high this also being at a SUPPLY/SELL zone from 2002. I suspect we may get a short term correction soon down towards the newly created DEMAND/BUY zone between 103.5 -100 this would be a...
DXY Last push to 109 for double top the EXY is making a double bottom around 99,60 bitcoin to 19200 before moving higher let me know what you think
The DXY broke out of the range it was trading in since 20th Jul 2021. Whilst bullish, this break upwards may be a fake out and we should not be surprised if price falls back in within the range and subsequently retest the bottom of the range. We think the week will start bearish before finding support near the 93.1 levels at which it is crucial to wait and see the...
Dollar gonna bullish! Now Dollar create hidden bullish divergence!
a falling wedge, there exist a chance of retracement up to 38% Fibonacci retracement and TP would be -61.8%, but it is on the falling side if not retraced and direct fall from here then -27% fib expansion can be targeted
dxy still can drop another leg in short term trades , but i don't think it will continue to much lower levels in 2021. when the equity markets goes for correction (up %40 can be expected) , DXY can spike up over 100 again.
Hi guys! Has been closely watching price changes in the dollar index lately ... This situation scares me very much since I do not see what can happen to the market in the near future. Ray Dalio said that we are ending a long-term cycle and where no fund can control the market's mutation (of course, except for the federal reserve). If we rely on a logical point...
The DXY formed a hammer on daily bias (marked in purple) and is turning a spinning top on 4 hourly and 2 hourly. That means that bears are lose selling volume and at he weekly level (i marked in grap line) To go long , it need one more time to retest the weekly level to go around 98.80 (take profit), because it forms a bullish ABCD. Set your stoploss under the...
Technical Analysis: * Price is above 200EMA and above both 14&21EMA, and are acting as support. * RSI is above 55, indicating good buyer strength. * RSI has broken the downward trend line and is retesting that trend line. Trade Idea: To be a good and comprehensive trader, its always a good practice to check correlations of other forex pairs and indices so as to...
This has been a perfect play - out for several months. Price seems to have broken out of the prominent yearly channel with a strong impulsive wave. If the DXY closes above $100 this month, I expect the Zambian Kwacha to depreciate even further to at least K20.21 / $ 1 (CASE 1). If the U.S. dollar index closes the month below $100 however, I will expect the second...
DXY expected to rise up to 1st resistance at 97.83 where it could potentially react off and drop down to 1st support at 97.40. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DXY approaching support at 96.27 where it could potentially rise further to 97.03. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530)....
DXY, the dollar index is in a strong bull trend, has been for the past year and it's slowly climbing higher, there is still some more upside based on technical analysis & fundamental analysis. Technical Analysis reasoning: The index is making higher highs higher lows, support the bullish market structure. The broken top at 97.85 held well as support on the...
DXY expected to rise up to 1st resistance at 98.69 where it could potentially react off and drop down to 1st support at 97.63. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DXY reversed off its resistance at 99.49 where it could potentially drop further to 99.08. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DXY to reverse from its downside confirmation at 98.46 where it could potentially drop further to 98.09. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.