DXY ANALYSIS It has retracted to its Fibonnacci Level 0.5 (106.17) where it actes as a support and bounced back to its 0.382 (106.84) level which acted as resistance for now. Further drop is expected to 0.618(105.5) level before another pull up towards 1.618 (112.5 ) LEVELS THIS IS JUST A VIEW. DO YOUR OWN RESEARCH BEFORE DOING TRADE WITH PROPER RISK...
US Dollar Index in 20-year peaks The index extends the optimism seen at the beginning of the week and trade beyond the 108.00 mark for the first time since October 2002, always underpinned by the unabated sell-off in the euro. The move higher in the dollar comes on the back of diminishing US yields, as recession concerns seem to prompt investors to seek shelter...
My prediction is in snapshot. Whenever price breaks the wedge pattern. It reaches 26-70% range. So as of now the dollar is strong and will reach upto 123 and beyond.
Monthly orderflow remains bullish, we have monthly accumulation, buyers are still in control in HTF. untill and unless i don't see any distribution on HTF, DXY isn't falling (according to me)
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!