The US Dollar Index, DXY, is bouncing off its 50SMA (red) on the daily chart. This looks like a sign of strength in the US Dollar as it seems folks are buying this dip and a successful bounce on 50SMA can take the price back to previous highs of 105 on the DXY.
DXY perfect text book bearish deep crab pattern fromation photo finish reversal rising contracting wedge formation bearish divergence on rsi ready for 94.55,, 93.2,, 91.75
Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that was performed at higher times, a progressive trend was formed and from this trend, waves 4 and 5 remain. Wave 4 was originally intended as a flat, but wave c , which we have...
DXY spot cmp 95.704 CIP levels of resistance Parallel channel resistance levels multiple harmonic pattern maturity resistance RSI divergence All study indicate resistance at current levels.. time for reversal...
ALL LEVELS ARE MENTIONED ON THE CHART take a close look at chart pattern and trade accordingly. thank you FOLLOW FOR MORE .
Dollar Index is looking bullish in all timeframes. Long View as per chart
DXY Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
dxy is speaker pattern blue lines are key....entry exit these line using and stoploss and target
DXY Long R/R: 1:4 Feel free to share your opinions in the comment!
On the 4hrs chart, bullish divergence seems to form. It would be interesting to see how DXY moves in the coming weeks.
Om Namah Shivay Dollar Index on daily level looks moving to a new target. There is an alternate option where there is room for little more correction. Om Namah Shivay
Dxy on 6h & 4h TF on major support ..can bounce from here.or..if failed to bounce & broke the support ...that means get into stocks ..#bitcoin ... all risk on assets ..for epic euphoria . #fomo
Some divergence in Indicators and near previous long term support. Small rebound expected.