- Dollar Index took out Liquidity from its previous swing high and reacted after grabbing Liquidity - Equal Interim highs are now made and the reaction is bearish as well - I expect the next two candles to be red or bearish and the price should continue to fall further, anticipating good numbers from the US it's going to be negative for USD and positive for Stocks/Crypto
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...
Weekly view Swing high Sweep is more Probability Daily View Weekly Swing High sweep and day ob. near that high Reaction in that area is crucial
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...
Dollar Index has reached Sweet spot to start turning for a wave UP. COT reports are Bullish. Let the Daily momentum turn UP for a Buying Opportunity.
Expecting the Dollar Index to continue its upward trend.
Big Blow To DXY Weekly Close Below 105.95 Trouble Will Arise. SL - 107.35 Stay Cautious With US Market.
Yesterday DXY fell quite strongly and today the 1D DXY frame is likely to fall forming a head and shoulders pattern, on the daily chart the histogram has begun to gradually decrease and the stochastic has left the overbought area and is showing a downward trend, at The H4 stochastic chart is below the oversold area and the histogram has a negative value, so DXY...
Dollar index is done with upside. Looking good for a tgt of 105.360 in coming days. Chart is self-explanatory.
Looks like the consolidation over for DXY and its ready to fly "Higher for Longer" Some may call it a flag pattern breakout. Momentum Oscillator also after retracing back to 77-80 is rising again. Super move ahead! Equities, commodities are in for a roller-coaster ride. Saavdhan Rahein Surakshit Rahein
Current consolidation in DXY is nothing to be too excited for. The chart is surprisingly following the schematics dot to dot. Saavdhaan Rahein Surakshit Rahein
With resistance between 106.811 to 106.45, Dollar is on a deciding stage where it will target eithe 108 as upside target on breach of the resistance or will change the trend for a while to pull back till 105.50, 105.10 as initial support range.
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
US dollar index trading at crucial level, above this alarming signal.
a sharap rejection from 104 zone which is a good resistance for dollar index we can see its effects on usd pair currency and can take confluence confirmation if dxy break its higher low of 103.200
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.
Dollar index is at crucial levels, Further data of economies will impact on either side. consolidating in compact range.