Seeing Dxy's unstoppable movement, the possibility to continue bullish next week is still quite large. Where last week was still formed New High even though in its movement the price was seen that there was fatigue marked by a fairly small candle every time bullish. There is a possibility that the price will try to bullish to the QM area.
So, here we have the USD Index at the Centerline at a balanced level. What if the US$ starts go north? I would say, markets, which are btw. also totally overbought, are tanking. This scenario is on point with the CPI today. Obvious or a fluke? As always, anything can happen, even a new spike in the Indexes.
The image above is my earlier anaylsis on DXY. I was waiting for Price to tap into the demand/support zone which it has done and gotten a rejection, so I am expecting price to push towards 104.45. RIsk Management is advised and put your SL below the demand/support zone I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please...
In my 24th of August DXY analysis, I explained why I'm bullish USD Index and suggested buy dips around 103 support. It worked like a charm and after a short dive to support, bulls returned with vengeance and drove the price back up to resistance. At this moment I expect also a break above this resistance in which instance traders could expect continuation towards...
Direction hasnt been that clear for USD, i could breakup from the recent high or continue this wide band range. Act accordingly as things pans out. But i do have slight bias for long.. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis...
USD Index has shown a sell signal on the daily, it has shown a shift in market structure to the bearish on 1hr, and also performed a Break of Structure. Currently, Price has shown a sharp rejection with a strong bullish candle which makes be believe Price is heading for the supply/resistance zone at 103.44 before the downtrend resumes. I would advise looking out...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. DXY has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 103.5 is a strong supply. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the...
Today's focus: USD Index Pattern – Ascending Triangle Support – 95.68 Resistance – 96.32 Today, we look at the USD index as price continues to trade rangebound after fighting back from a two-day decline. Could today’s CPI data break the deadlock and give the market some direction? Traders will be watching to see what today’s data could do for rate rise...
I expect such an upward correction for the index in the 15-minute time frame Wait until the result...
Dxy in the past week looks bullish, for next week in my opinion it will still look bullish with the formation of a bullish channel and the existence of a fairly thick bullish candle. For pairs that are counter to USD, the possibility of next week still looks weakening.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
USD index should continue lower July-August. USDX should then reverse higher.
This is DOLLAR INDEX (DXY) MONTHLY ANAYLSIS.. DXY Imminent Skyrocket Price is buying from Panic Zone (0 -382%) INSIDE MONTHLY DEMAND ZONE (PREVIOUSLY SUPPLY ZONE) We expect price BREAK 0% AREA (WEEKLY SUPPLY ZONE) and continue buying to TP1 A AND TP 2 B AREAS. TRIGGER: WAIT PRICE BREAK 0% AREA (104.620) When it's triggered, I suggest to open ...
Today's focus: USD Index Pattern – Continuation Possible targets – 105.60 Support – 103.40 Resistance – 104.20 Today’s update is on the USD index. Do we have a new uptrend? For us, we want to see resistance beaten. If we can see a break, this could set up a new move to 105.60 and a break of that level take price out of its consolidation range and gets an uptrend...
USD vs BTC Equilibrium, Art of Trend Analysis If we always see that USD is always opposite to BTC, it can be said to be true, as there is a proven occurrence of a gap indicating a divergence between these two assets. However, it is important to understand that creating a divergence (opposite movement) requires an equilibrium phase before the occurrence of...
DXY analysis is still in accordance with last week's analysis, currently still looks bullish with the notation still unchanged. The invalid area is in wave 2, I assume if the price drops more than wave 2 then the Elliott notation will change and there may be a trend change.
The mid-week DXY looks in accordance with the initial analysis, experiencing bullish entry into the impulse wave, if now is the period of wave C, and wave C usually consists of 5 waves, then wave 3 has at least the same length as wave 1. we can estimate the movement of the wave 3 using the Fibo Extension.