DXY is in a range at the moment and the candle formation in D1 TF shows a bearish continuation not a retracement and pullback in weekly and monthly TF. Price broke 110.000 zone which mean price have to test 100.000 zone being a significant zone for banks. Please like and leave your view in the comment section. THANK YOU!
U.S Dollar currency Index tested our target level 111. I was predicted this on 13 may 2022 post. It is working in parallels channel and currently trading at upper line resistance. it may correct soon. Negative Divergence also seen on daily and weekly chart.
usd is going weaker this time, usd can run in this path as tripple top has done here and an upcoming head and shoulder will creat.
Hello Folks, Kindly see the chart for my view on dollar index.
DXY completed Harmonic DEEP CARB Pattern So Its Possible To Go Around FIB 38.2%, 50%, 0R 61.8%
Multiple harmonic pattern matures around same support levels. 106-105 might act as strong support zone for this fall,, from where reversal can be seen view gets violated below 103.7 on daily closing basis upside Dxy might give upmove to levels of 109-111-113
Dollar dominates the whole market We clearly see that DXY should start to fall from 114.0 to 109.0 Current Market Price is 113.45 This indicates that eurusd, gbpusd, audusd, nzdusd should go up Be ready to book good profit in coming weeks Sell DXY from 113.50 to 114.0 Stop Loss = 115.20 Take Profit = 109.0 - 108.0
DXY Very strong for weekly basis AS clear for long side upside target possible for 118.500 if DXY Sustain above 113.920 after clear for upside stoploss 109.100 Risky trader now create position for long side.
As per h4 DXY $ Forming Invert Head & Solder Pattern CPI also today let's wait for Action....
USD may trap Puu holders, it may suddenly give a UP side move and may cross 109.5 soon, for 2 days time 111 again. My personal view it is a buy call
The answer to the question leads to many different trades like long metals. LH-LL formation can be seen on daily charts. This week should make it clear.
The U.S.Dollar index continues to look like it's topping. The index is testing the level where wave (5) would equal wave (1). But it could still overshoot the upper channel line in a throw- over.
Gold Looking strong hence looking to short DXY, Reversal after hitting resistance and going towards the nearest Support
Go through the analysis carefully, and do trade accordingly, TECHNICAL- 👍-The Price has broken the bullish structure. waiting for the outcome of FOMC meeting scheduled on 02.11.2022 before entering in to Sell or Buy. 👍-there are little Buying opportunities as the Major Oscillators indicators are in oversold zone. -------Remember------ 1. We are not going to...
DXY seems to have formed a reverse head and shoulder pattern,there could be some volatility with DXY as there is news coming up today on DXY.
According to my analysis and with major news events coming up, My opinion on DXY is looking bearish. Why do I feel so? - Change of Structure in higher timeframe - We have been in a long upward cycle. CHoC may lead to short term correction - We have a demand zone in the bottom. we I expect the price to bounce off. Again, these are my views for the week. Thank you.