Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
If we see DXY breaking out red channel the DXY will give another bullish impulse leg
Dollar Index has reached Sweet spot to start turning for a wave UP. COT reports are Bullish. Let the Daily momentum turn UP for a Buying Opportunity.
DXY is dropping for 1 week now and completed 3 levels to the upside. Importantly its aligned with XAUCAD , EURUSD, NZDUSD for mark down cycle. We are also getting good volume to the downside and divergences
If Dxy sustain on 103 ( marked in the chart) then a upside momentum to (110 feb 2024)--(115 sep 2024) is possible, which could impact the US stock market and in some cases Indian market too . Disclaimer : It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
DXY FORMED BULLISH SHARK AND ALSO BOUNCING FROM LOCOL SUPPORT, SO WE CAN EXCEPECT it will retest 105 zone and go downwards. note : macro data can change scenario.
Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion. The decline in the DXY index paused last week. Last...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Weak economic data, along with CPI and PPI data released earlier this week, reinforced the view that the Fed's rate hike cycle is over. This has strongly affected US government bond yields and caused the 10-year government bond yield to fall below 4.45%, approaching the lowest level since the end of September. With the market expecting the Fed to gradually loosen...
chart to view lavels of usd i view 3 months to trade only indian market . its only view
As Per daily Price Action Dollar Index Broke Lower Side Range 105 level and Sustain Below and Also Price Cross below 50 Ema And RSI Also Cross Below 40 Which Is not Good Sign For Index . We Can See Further Down move In Dollar Index. Wait For Decent bounce In 1 hour Time Frame It Could Be Good Lower Side positional trade .. Stop loss :- Above 106 Level Target:- ...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
The three major US stock indices continued to eke out small gains while bonds rebounded from Monday’s corrective move lower, pushing yields down again. Several Fed speaks turned out hawkish still despite last week’s dovish pause and data weakness seen in the labour and services sectors. Fed Logan said inflation still remains too high. Fed Waller said the spike in...
Expecting the Dollar Index to continue its upward trend.
TVC:DXY currently at buy zone, can go upto 106 if sustains above 104.733 level
Today DXY D1 chart stochastic is still falling sharply and the histogram is growing almost at 0, the weekly stochastic is also falling sharply and the histogram is also getting shorter so it is likely that DXY will only return to test the bottom and will continue to decline.
DXY was overall bullish but recently it has broken it's last higher low indicating a change of character and a change on trend so we can plan short trades after retracement
Last week, the DXY Index fell below the 106 mark, then continued to fall to the 105.50-105 range. In the short term, the risk of a trend reversal will only appear if the DXY index slips below 105. The decline is driven by the Fed's dovish stance and that will likely cause the greenback to decline. at least for a short while.