USD INDEX has been holding ground nearly 93.00- 92.50 points for 3 weeks. Breaking Above 94.00 may have buy confirmation. Since the middle of the march this year, USD INDEX has been dropping. So, an upside correction is expected. in the broad picture, DXY is in a downtrend and reached to its swing low area. So, we may see an upside correction to 96.00 points....
This is an equally weighted USD index and because the EUR has less of an impacted you will see the slight differences between this and the DXY. The index has been basing over the past several days and may soon try to move out of that base. The daily trend has been down for some time now and the September seasonal for the Dollar calls for continued weakness...
USD Index has formed a bullish pin bar in a weekly chart. From 2015 to 2016, the 93.00 price zone played as strong support. even this time, as well as the market, is unable to stable below 93.00 prices. From the support zone, DXY has created a weekly Bullish Pin Bar. So Technically there is a chance to test 95.00 price in the next week. Stop Loss Should be below...
Hello, Traders!
With the beginning of the new week, DXY shows some reversal signs. For the past 2 weeks, this index has found solid support above 93.
On a local 4H Timeframe Support and Resistance zones are created, so we need to pay close attention when index is near those levels.
If the breakout occurs, the FIRST target is 94.5 level.
Good Luck!
Looking at the long-term chart of the USD index futures contracts we may spot a potential double top pattern. The first top was created in 2017 and the second in 2020. The key resistance seems to be placed at 103,68.
The key level for a mentioned potential pattern is located at 88,17. This may be the first potential target for the dollar bears. However, if it is...
DOLLAR $$ Blood Splashes But now untill🔥🔥
▶ Now dollar is very gain of super down trend but now price imcoming into Support ZONE i mean that is very important
🟢 How to trade ?
🚀🚀 wait after day price close with rejection for confirm pullback buy it on right that
🔥🔥 If Break No trade 🔥🔥
Good luck US DOLLAR ✌✌✌✌
DXY 1 hour chart below shows that the index has continued to extend lower and can see more downside before ending wave ((v)). The index ended the cycle from June 30 high as wave ((i)) at 96.57 low. The bounce in wave ((ii)) then unfolded as a running flat Elliott Wave Structure. Up from July 6 low, wave (a) ended at 97.15 high. Wave (b) dip ended at 96.23 low....
At the first point, we have the bullish trend line which has rejected the index up 3 times, and I'm not expecting it to break this time either.
So my primary scenario is the blue structure, perhaps a little bit different formation...
Breaking the trend line (also bottom of the wedge) here will turn it to strong resistance and we will possibly see something similar...
Price has formed a bull flag pattern here on the 4H time frame. Now, we are just waiting for the completion of wave C at 61.8% fibonacci retracement level.
![DXY: [BEARISH] USD-INDEX for long term](https://s3.tradingview.com/u/UaB84ymU_mid.png "[BEARISH] USD-INDEX for long term")
![DXY: DOLLAR [1DAY] $$ Blood Splashes But now untill🔥🔥](https://s3.tradingview.com/p/pP9DgRdx_mid.png "DOLLAR [1DAY] $$ Blood Splashes But now untill🔥🔥")
