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.
Dollar Index (M) chart showing distribution pattern with max support at 100-102 range. Expecting DXY to test 88 in next 8 to 15 months. Above 108 on monthly closing will reverse our projection. (High made 107)
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
Chart is self explanatory. Ideal scenario will be a day or two consolidation at current levels which will make the momentum oscillator cool off to 78-82 range. Post this consolidation, we may see the explosive move. And everyone knows, an explosive move in this index means a lot for riskier asset classes. Savndhan Rahein Surakshit Rahein
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 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 making any financial...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 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 making any financial...
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
targets green entry point blue sl red ..RRR 1:2 , 1:4 Considering the ABC correction wave in DXY, a potential short opportunity arises during the B-wave's rebound. This setup offers an attractive risk-reward ratio, targeting the expected C-wave decline. Caution: Monitor closely for any sudden changes.
#DXY 1)The Index is trading above june 8 levels 2) yesterday, it broke and closed above 103.60 which was acting as a strong hurdle closing basis 3)The counter is trading with upward sloping trendline 4) 104.85-105 is nearest ideal testing level now
If Price Breakdown the trend-line support then next support is at this zone also if price breakdown from this trend-line then we can see some pullback/correction of price on gold
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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.
DXY Key Levels pre CPI, Currently trading on narrow range and on trend line support , have to wait how PA going too behave post CPI
UPDATE YOURSELF ACCORDING TO MARKET !!!! Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3.5 💰 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...