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Dollarindex

DollarThe small rising channel we see as wave z has to break down with close below 92.870 to confirm that the dollar uptrend has ended, then we can say that the last push higher is certainly completed, and may be bear market in dollar has resumed. macd in daily down tick macd in hourly rsi in daily is down tick stochastic in daily negative crossover dmi adx in converging mood Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
ICEUS:DX1!Short
by RK_Chaarts
1
NIFTY - NEXT MOVESIts been quite a volatile last few days - too may GAP UP / GAP DOWN , decisive bars but still no clarity on direction. Let us look at global markets to understand this in a better way Dollar Index on important levels - can breakout or breakdown - chances of breakout quite high US treasure bonds rising again - Though personally, I feel last time it was an over-reaction of the global market due to rise in bond yields but yet, the fact remains global markets are reacting promptly on rise of bond yields US DOW futures are facing a good amount of downside pressure. NASDAQ composite also showing weakness what do we make out of this - my take is - global markets have started retracing from higher levels, definitely some weakness but early to say its a reversal from the top for a short term. we may see some downward pressure on NIFTY in the coming days, so maybe it will fall or consolidate for a while watch out for the levels mentioned in chart and that GAP zone. Nifty behaving around those levels will give a decent idea Happy Trading MSK
NSE:NIFTY
by msk_analysis
Will Dollar index spoil the BNF Budget Rally ? The BNF on the budget day gave such a massive green candle, now big question is - will there be a follow-up or consolidation or reversal When BNF is in full swing applying any rational thinking becomes meaningless, the script has texture, nature of its own which is quite dynamic . When it picks momentum it just doesn't listen to itself just keep accelerating :) Good day for all CE buyers.. 300-400-500-900 lol What caught my attention today is dollar index - it is forming an inverted H&S on a daily time frame. It may or may not break out. but if it breaks out, it does have the capability to pause BNF rally, when I say pause - BNF may consolidate or correct a little. So keep a watch on dollar index tomorrow and for next few days Happy Trading MSK
TVC:DXY
by msk_analysis
US Dollar Index Elliott Wave analysisOm Namah Shivay The US dollar index has been on correction from feb 2021 ( from 308 days). The current structure is complete as it looks from the counting. There could be further sideways corrections or the downward continuation. These needs to be validated again the invalidation points. The future of the Dollar index looks running for upward for weeks or more as option 1. This is just for educational purpose. No trading suggestions provided. Om Namah Shivay
TVC:DXY
by sudhannayak
2
Risk to dollar or the basket currencies ?DXY is on edge of the support at 96. RSI has formed positive divergence but yet not turned up. Circle marks the perfect support which should be touched by 23-26th July, if it has to work. The overall frame of the trend is still pointing 94 but positive divergence can't be ruled out. Better to be on the sideline and see which support is in motion. If it comes to 94 then the overall trend, started at 103, will get complete and we might see a bounce from there towards 96-98 zone.
INDEX:DXY
by TukkaNomist