Gold into heavy resistance here. Indices are making new highs so risk on trade coupled with overbought conditions on gold will drive this quote down. A break below $1724 support and we see $1700
Similar to Gold, Dollar index is also trading at a very important resistance zone. It will be very interesting to watch today's closing
EURSD is looking for short opportunity, after breakeven my previous running position with some +0.10% profit, Now is time to take the move to the downside.
USDCHF is looking short opportunity, Because DXY index is weak across the board. This trade has some decent RR to make the move to the downside.
EURUSD is looking for long opportunity. Because DXY is weak across the board. And this best time to get in to go for buy & make some decent profit.
USDCAD is looking an amazing setup, has the high probability to move to the upside.
On the 4hrs chart, bullish divergence seems to form. It would be interesting to see how DXY moves in the coming weeks.
Very rarely you will see back to back head and shoulder pattern Dollar index in daily time frame started with an inverted head and shoulder - gave a false breakout and then formed a head & shoulder again. Will this lead to massive short covering in Indian index ? Time will tell :) but this is just for pattern lovers Happy Trading MSK
BUY DXY above 90.72 for target of 92.14, SL 90.13 This will be bearish for equities and commodities
What is DXY? DXY is the U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies. The US Dollar Index is used to...
The U.S. Dollar Index ( DXY ) rise in the short-term, but will downtrend in the long term. Jan.06 2021, U.S.Capitol riots U.S.Dollar index rebounded, because capitol riots that be global markets money entry U.S.Dollar. U.S.Dollar index rebounded until Jan.20 presidential inauguration, and U.S.Dollar index will downtrend. Reliability: 3-10 Markets Days.
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.
DXY is near the end of current down fall. 88.70-88.40 is the zone where a short term bottom may form. From there spike towards 93.93.50 is possible.
There is weekly support line which should be respected in first attempt, expecting DXY to bounce till 92.8 zone from 90.25-90.3 zone. BUY near 90.26 for target of 92.8 and beyond. This should be bearish for Equities, commodities, cryptos....
Hello. My name is François Normandeau Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes . Currently, on the daily charts , all the indicators we are using are mentioning that the US Dollar Index TVC:DXY is currently in a confirmed downtrend. Historically, there is a strong positive correlation between the US Dollar Index and the US...