DXY index is following the channel from the first look, if it form the H&S than we'll have to see, for the past 2 days Gold has seemed to have been correlelated with DXY as it used to be, deattached from OIL and now seems on track. But if this DXY continue to go do down, we might see gold at nearly 2,000$.
Hey traders, above is a technical overview on DXY and the most important zones to watch, we highly recommend you to monitor DXY at the beginning of every trading week if not everyday, that will help you to trade USD pairs more professionally and spot their direction!
Hey traders, in this week we are monitoring DXY for a selling opportunity around 98.9 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
#DXY (Update) Ascending Channel Formation in 3-Days timeframe..!! RSI is Printing Bearish Divergence as well. Seems like Topped out & Expecting Bearish Movement towards the Lower Trendline of Channel. #FOMC ( FED) meeting is scheduled Tomorrow so We can see changes in interest rates which will impact the Market. Be cautious with possible upcoming...
Russia’s invasion of Ukraine will continue to dominate markets in the week ahead, as oil and other commodities react to supply concerns. The consumer price index for February is released Thursday and it is expected to show inflation continues to rise sharply. The Federal Reserve will be a big focus for investors, but Fed officials will not be speaking publicly...
USD Yearly Fresh highs... but we can expect the USD pairs to pullback as DXY is approaching an important supply zone. Trade safe, Joe.
My sentiment on DXY is to still keep the bull momentum until the given tp is reached. Let's see how it goes, share your thoughts too.
Hello traders. I expect the price to rise again to $ 96 after reaching the $ 94.5 range and then complete the third wave of correction. Be profitable
Wave 5 of 3 is probably over, if it's true, we have ABC correction, it's not true, the price come back to up from here.
I am looking to buy DXY at the given price zone. Lets see how it goes.
#DXY (Update) Once again, testing the Major Trendline in 1D timeframe..!! So far Moving above the Trendline, if Trendline Broken, Expecting a Bearish Wave towards the 92 Support. Keep in Mind that Trendline getting Weaker after Every Retest..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in...
Elementary Analysis: The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies. Understanding the U.S. Dollar...
Hello traders. In the dollar index, I expect the price to drop to $ 94.5 in the first stage and $ 93.2 in the second stage after breaking the $ 95.4 level. Are you agree?
Hey traders, in the coming week we are monitoring DXY for a buying opportunity around 95.3 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
The dollar has posted its worst weekly performance in five months as it closes out the week. China's gross domestic product (GDP) is higher than expected is at the top of all of the other happenings this week. We will be keeping an eye on various data points throughout the week. It was the largest weekly loss in the general index of the US dollar since August...
Hey traders, above is DXY technical analysis as i highly recommend to analyze DXY at the beginning of every week if not everyday. that will help you to spot good zones for usd pairs.
US dollar Index is heading for deeper losses ahead of US retail sales release . The losses in the greenback has been shown in all its main peers on Thursday. Looking at the technical side, the US dollar Index broke from it's wedge formation and took out the ascending trend line support. With 100 Moving Average ahead of it, we could expect further decline if the...
Hey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way. Trade safe, Joe.