DXY ANALYSIS It has retracted to its Fibonnacci Level 0.5 (106.17) where it actes as a support and bounced back to its 0.382 (106.84) level which acted as resistance for now. Further drop is expected to 0.618(105.5) level before another pull up towards 1.618 (112.5 ) LEVELS THIS IS JUST A VIEW. DO YOUR OWN RESEARCH BEFORE DOING TRADE WITH PROPER RISK...
dollar index sell 107.981 stoploss 108.574 this chart go down side
TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb...
TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb...
US Dollar Index in 20-year peaks The index extends the optimism seen at the beginning of the week and trade beyond the 108.00 mark for the first time since October 2002, always underpinned by the unabated sell-off in the euro. The move higher in the dollar comes on the back of diminishing US yields, as recession concerns seem to prompt investors to seek shelter...
US Dollar Currency index has given cup n handle breakout and target is coming to 109.8
My prediction is in snapshot. Whenever price breaks the wedge pattern. It reaches 26-70% range. So as of now the dollar is strong and will reach upto 123 and beyond.
ON Weekly Basis: DXY is entering into 5th wave of the final Impulsive wave E. It is the blow off top and generally Bear market sets in may be with complicated top or straight reversal pattern. July month should be the last Bull phase of US Dollar Index (DXY). RSI peaked at 89 as on 9th May, 2022. RSI shall be lower high and DXY price higher top, generally a...
Monthly orderflow remains bullish, we have monthly accumulation, buyers are still in control in HTF. untill and unless i don't see any distribution on HTF, DXY isn't falling (according to me)
Dollar index making bullish harami on daily chat, If it's validating the bullish harami, we may see a sharp fall on Tuesday on nifty. So be careful it's just a intraday up move on tomorrow session.
PO3 Assian- Accumulation London- Manipulation NY- Distribution Distribute in Confluence Area
DXY UP EEM & SPX DOWN USINFL UP USBONDS UP CRUDE UP. Risk OFF sentiment will lead to chase of US BONDS & Dollar strength against currency basket will lead to further exit of FII & FPIs
the dollar index might see a sell-off for quite a few while the reasons for it is REASONS 1. on a 1week time frame we are seeing a strong resistance. 2. on the 1day time frame we are seeing double top on the resistance. 3. and on 15 min time frame, we can see a head and shoulder pattern and a descending triangle pattern. 4. if the US market stays positive today...
The US Dollar Index, DXY, is bouncing off its 50SMA (red) on the daily chart. This looks like a sign of strength in the US Dollar as it seems folks are buying this dip and a successful bounce on 50SMA can take the price back to previous highs of 105 on the DXY.
It can be seen in chart that around 106.50 , DXY would do its 38% tgt for its 5th wave of its C wave or its (iii) rd wave, which means a dip down again to 100 in case of a (iv) th wave is around the corner as soon as next week. In case of move beyond 106.50, it would only mean a extended move for 5th of (iii)/C but even then a trip back to 100 is about to start in...
As we see in the chart that dxy was in uptrend For a long time it is a reversal in dxy and we see a strong downward move now dxy has retraced Till fibo level 0.50 and must go more down
Last Breath For DOLLAR AS GLOBAL CURRENCY. This IS Daily Chart OF DOLLAR INDEX which Shows Sign of Fatigue for UP Side , in Next FED MEET ANOUNCEMENT IF FED ANNNOUNCES 50 BBS RATE HIKE THEN IT WE BE THE LAST NAIL IN COFFIN OF DOLLAR