USDCAD should stay above the D1 +OB and D1 FVG to validate a bullish idea into the coming week.
Big Blow To DXY Weekly Close Below 105.95 Trouble Will Arise. SL - 107.35 Stay Cautious With US Market.
DXY today is likely to recover slightly and continue to decline, currently DXY is still in the bearish channel and today the news may be bad for DXY because non-agricultural employment is forecast to be bad so the possibility of a decrease in DXY is huge
In this video we discuss how Dollar affects our Indices and how we can trade the markets accordingly with its help.
The DXY chart on the 1D frame formed a bullish leaf, but yesterday DXY had a false breakout, so it is likely that today DXY will tend to decrease, tomorrow there will be news of Non-Farm Employment Change, if the news is bad, DXY may dropped to 104.28, on the 1D chart stochastic is in the overbought area and is trending down, RSI is also trending down. On the H4...
Yesterday DXY fell quite strongly and today the 1D DXY frame is likely to fall forming a head and shoulders pattern, on the daily chart the histogram has begun to gradually decrease and the stochastic has left the overbought area and is showing a downward trend, at The H4 stochastic chart is below the oversold area and the histogram has a negative value, so DXY...
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
DXY i.e dollar index is overall bullish . it is currently consolidating around the golden zone. we can either plan a long now with bullish confirmation or wait for it break the consolidation to the upside for buy. other possibility is that it break it's previous higher low on 1 hr then we can plan a short trade.
The Dollar Index has rallied straight up for weeks. - I will only aggressively start buying Stocks, Crypto, Commodities, and Forex Pairs once I see a reaction from the mentioned bearish orderblocks. - Dollar Index strengthening and it's important to understand the correlation between DXY and the Equity market before you invest a single penny as a Long-term...
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
DXY is a imp support zone as it is also the last higher low on 1hr . It can either take support from this zone and continue the uptrend or it can break the support and start a downtrend on 1 hr time frame.
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.
Last week retracement completed. DXY still under pressure may be sell continue Due to war our analysis will may be fail if sell happen First target 105
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...
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)
as there is clear cut rsi divergence on daily chart where price is moving up but rsi is going down which indicates that dxy will go down in coming days till 100.5
rsi divergence indicate dxy to drop.Rsi on daily chart is decreasing and price is increasing and also rsi is above 70. which indicate that dxy will go down in coming days. it may go down below 100 in my view...This is for educational purpose and not a buy or sell recommendation