the upcoming week ahead bring alot of volatility have days with events and major ones Recap - the previous week was more based on sharp turns that has tested important level and broken important level but left behind some imbalance that given a strong sign or outperformance by DXY What to Expect - 104.300 the price breakout now the upside potential liquidity...
After the highs of 107+ price , since price went bearish that has created a monthly bearish FVG that is marked in orange , price after reaching 101 lvl mitigated the open Bullish FVG on higher time frame, which leads to price bouncing back towards the zone of Bearish FVG currently price is getting rejected and due to higher time frame giving the bearish bias...
DXY/Dollar Index is currently trading near an overhead supply - It will be very crucial to watch how it exactly reacts to its overhead supply - IMO even if we see a good reaction from the overhead supply it will be still important to watch the reaction. - From a long perspective it's better to wait out and first let the breakout happen - let the base form -...
If Dxy sustain on 103 ( marked in the chart) then a upside momentum to (110 feb 2024)--(115 sep 2024) is possible, which could impact the US stock market and in some cases Indian market too . Disclaimer : It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Big Blow To DXY Weekly Close Below 105.95 Trouble Will Arise. SL - 107.35 Stay Cautious With US Market.
U.S. manufacturing continued to recover in September as employment rebounded, according to a survey by the Institute for Supply Management. In addition, the US Congress issued a temporary budget law last weekend to prevent the risk of a Government shutdown. This act helps allocate funds to ensure the federal government can maintain operations until November 17....
dxy just made new recent high by sweeping some old liqiuidity with single bar 104.800 - 104.950 will act as fair value area for long traders and 106 and 107.200 is the unotuched bearish order block this will be new range
📈🌐 In this comprehensive DXY analysis, we delve into the intricacies of the recent price action, focusing on the aftermath of waves 1-2-3-4-5 and the promising prospects of the impending correction wave. Discover how to ride the waves of opportunity for clean profits as we set our sights on Wave ABC! 🔍 Key Points: Wave-by-Wave Breakdown: We break down the...
Early sign as DXY index breakdowns from rising wedge on hourly chart. More confirmation after breakdown from marked level. Also we can see negative divergence on Hourly Chart.
Trade Idea: long + short 📍 Entry: 🎯 Target green ⛔ Stop Loss red : (MARKED IN CHART) 💡 RISK REWARD 1 : 2, 1:3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before...
According to my analysis, the next target of dxy will be 101.465 -97.304 -93.600 good luck
Dollar index is at crucial levels, Further data of economies will impact on either side. consolidating in compact range.
Hello Friends, Here we have shared possible Elliott wave counts plotted on chart of U.S. Dollar Index - DXY on daily time frame, which clearly indicates that after top of September 2022 we are in corrective phase as per Elliott wave structures, and as per wave counts we can see that we had completed wave ((3)) and now possibly we are in second half of wave ((4))...
DXY or the Dollar Index, the index to measure the strength of Dollar is considered to be the king of all charts, as most of the financial instruments are very much correlated to the DXY. Not just forex markets but stocks, cryptos and even commodities are correlated to the Dollar. If DXY Falls-> Cryptos, Stocks, Commodities, Precious Metals and some Forex pairs...
DXY index showing bearish move.it can be reverse by making W apttern so safe entry will be at notch of the flag 110.147 and can placed stop loss at 111.145..target will be at golden line.so make your position as per your risk appetite.
The Reason posting this we have clean SMT Between EURUSD and DXY. EURUSD did MSB in LTF and hit 1h Demand, possible ready to pump during London Open or NYO About DXY price could drop below original consolidation. More update you can find later
Dollar Index on Daily TF moving for major retest for next upside Targets as fed will continue to increase rate by 100bsp so its good to buy Dollar