Plenty of attention will be on today's FOMC meeting. Traders are looking for a ¾ or point increase from the Fed today, taking rates to 3.25%. This is what the market expects: anything more and USD positive, anything less USD negative. That's a simple look. The projections and the statement will be the key parts traders will be looking at. We all saw the market's...
Technical Analysis Chart Update DXY - Dollar Time Frame - H4 " SYMMETRICAL TRIANGLE " Pattern being followed in Short Time Frame and We have a Clear Direction for Sell because it has Completed its break of Lower Trend Line and Retest According to " ELLIOT WAVES " we can see that it has Completed the Impulsive Waves " 12345 " so the Next Moves are Correction "...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). #DXY Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
I think we have finished ABC correction and are now in the last part of the X wave. after this X wave, I predict that the USD index will fall to the areas shown. furthermore, we are in the upper area of channel down. Also, I have provided Fibonacci retracement of the ABC wave and now we are in the middle of that wave (50%). In addition, Fibonacci projections of X...
The printed money supply in the world is currently fed into the systems, consequence high inflation. Supply chains are healing but this might take some months until we're back in the game. Since the FED has no interest in sending the global economy into chaos, interest rate hikes will come to light again in the coming months and even interest rate cuts from 2023....
We are looking for a SHORT possibility on DXY for the month.
dollar index is in last lag of uptrend , it's zigzag that connect to that another zigzag with x wave ,
🔰You can see the analysis of the USD index in the 30-minute frame team (US Dollar Index _ 30 min)💣🔍 ✴️Supply and demand zones and ranges of 50% and 61.8% of Fibonacci retracement (purple💜) are shown in the image. If the price reaches the 61.8% Fibonacci range and the specified supply range, we can expect the price to drop to the support line (orange🧡 line). If...
Hey traders, first of all i highly recommend taking a look at DXY chart in the beginning of every trading week if not everyday, that will help you to trade USD pairs more professionally and will help you to manage to spot their direction! in today's trading session we are monitoring DXY for a buying opportunity around 106 zone, once we will receive any bullish...
A trade that cannot be missed when it drops. This pair has been making new lows, it is not ready to buy long term. We are anticipating a possible double bottom before it could even think of changing a trend. Overall we still believe this is a strong downtrend. Trade with care. Follow and like for more trade ideas.
This support trend line should break soon. Maybe this week.
We found some support around the 105.252 area, will keep an eye and see if this market trades higher back up passed the 107.600 area
Hey traders, in today's trading session we are monitoring DXY for a buying opportunity around 106.000 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in this week we are monitoring DXY for a buying opportunity around 105.7 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
I think USD INDEX as long as the trend line is not broken, it can be bullish and reach the 110 ranges.
Happy Tuesday Traders, Investors & Gamblers 😃 Today I want to talk about the U.S. Dollar Index . As mentioned in a previous post a couple of weeks ago, DXY is currently at a very strong resistance in a 15 year trend visible on the monthly chart here. 1D U.S. Dollar Index (DXY) 4H U.S. Dollar Index (DXY) Here below I left it all in the charts for...
According to technical analysis, DXY is running in a major butterfly pattern and will plummet back to 105 area
DXY 8H chart shows some early signs of a potential change in direction, we witnessed the price go imbalanced and shoot higher, before losing steam, and presenting these wicks, I think we can look to short it back to the 200 day average. However the oppurtunities lie more in other currencies and commodities, I will attach below of EURUSD which has the possibility...