DXY movement has been slow in the last 2 days, probably due to the big news releases this week. I believe DXY is still in a bullish position
With USD News due at 5:30 AM Pacific Time for me, I expect this Minor Resistance Level (see chart annotation) to get some attention from Price Action. Now, an uptrend retracement is likely to continue if Price Action closes above the Uptrend Anchor Break at 101.0460. However, if price action: (1) stays below 100.9750 AND (2) closes below 100.7880 (Downtrend...
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usdx going to long 3 pattern drive see at suppor to start long
USD Index, could we have a new leg lower, kicking off traders? Yesterday we saw a third straight decline as sellers rejected an earlier move and took back control. It was a commanding move lower as we saw sellers break and close below 103.35. This move also beat 103.48 support and set a new lower low after the trend break. This move maintains the run of lower...
There is a gap in the price which the price must fill and then continue lower
* Here we can see clearly the next moves for USD index ( DXY ), * We can see clearly the Bearish Divergence on the RSI indicator, * This shows us more confirmation for our U.S. indices Strop Bullish Move, * We're using H2 time frame for a clearer view of our analysis, hence we can't predict the duration of our analysis to occur, * Keep a close eye on U.S. indices...
USD index has formed divergence. Looking at the daily chart, we can see a familiar pattern forming between price and the 10 CCI. This pattern is called regular divergence, which can tell us that a possible reversal could develop. In today’s analysis, we have run over the divergence pattern we are watching and Friday’s price action, which might give it more...
On Monday, Dxy made a new low at 101.50 and since then the Index started to consolidate in a pretty tight range. Slowly bulls seem to find some life and an up continuation could be next. The short-term target for such a rise is the 103.20 zone resistance. I'm bullish as long as 101.50 is intact
The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security's short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day). Nothing is 100% in trading, so you should not blindly trade this indication. Like all forex charts,...
A descending impulse is finished in the form of wave A, after which we can expect the completion of wave B.
Hello friends. I hope you're enjoying your holiday with your families and friends. Was just looking at the charts and found out that our DXY setup is still playing along. Happy New Year!
Expect more weakness for USDX. DXY is going to retest the trend lines.
Hello friends, We expect the index to rise This chart is for you to use its crosses for trading.
Daily: The upward Falling Wedge pattern is successfully broken and starts a short-term growth. We also see a very strong positive divergence . Upcoming targets: 105.650, 106.850 and 107.700 In the weekly time, a Pinbar candle has been formed, which can start a very strong upward trend. Hawkish Powell's words will also make the upward trend stronger. So...
There's quite some bearish momentum on DXY and although FOMC issued hawkish statements to try and jawbone the dollar into strengthening it's most likely that the USD will continue bearish though not in the long term. Price action in my perspective agrees with a bearish dollar
The price had double bottom and I think it can touch top red line, it can be number 4 or can break up the line. It can affect most of charts.
TVC:DXY Is soon meeting a confluence around 115. Anticipating weakness from that level. #AHMEDMESBAH