As we can see on the H4 DXY chart on the side, the dollar index price is still looking for a foothold in this consolidation area to try to advance further.........
DXY Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
🟢 DXY looking all set for a #CupAndHolder breakout. Unconfirmed. 🟢 Head room resistance near 93.47. If taken out can scale higher.
Classic double bottom, The question is now Will King Dollar rise from here or just sit here on its ass. All the signs are here already--> Inflation, Bond Taper, China Real Estate Mess, US polity Drama, RRP Drama. One thig is sure Central banks don't want to mess the same things again,So a new cockroach will emerge soon. Till then Follow price, Always folLow price.
There seems to be an ascending triangle on the Weekly time frame, but it's all dubious rn. Just a thought
TVC:DXY Dollar Index candlestick analysis : 1) overwhelming weakness in dollar as equity markets rallied 2) First signs of some buying emerge, some range expansion on upside 3) but all of buying quickly gets absorbed, by strong bearish engulfing candles, immediately after each attempt by buyers to drive prices up 4) clear range expansion also visible on...
* Channel support * 2.618 ABCD * 1.272 XABCD * 0.886 XABCD * RSI trendline support * Lower wick rejection on daily/ rocket candle * 92 level support * Doji candles on 4 HR
After 2 failures to hold on to the upward trend and corrective rallies, it is clear that this bull has no bones. The dollar index has been in a bear market since 2018 and each attempted rally has failed. This time is no different. The dollar bulls are about to make the most classic giving up of their opinion and they will do it all at once. It will be a meltdown...
Ingredients are in place for a possible end of correction in Mid Cap and possible reversal from here.
Dear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ...as I said in the last analysis made on July 4, DXY reached target 1 which I set from where it rejected to the resistance area of...
Price is currently in ranging session on xauusd am expecting a run up to the first poi(block breaker) than a reversal thereafter if price runs through block am expecting a reversal upon price reaching the open or half of the rejection block The reason for my short analysis on xauusd,price had a strong run grabbing liquidity off the weekly low.this price move...
Expecting Bullish weeks and reversal after New interest rates are out: With Dollar index moving higher, expect it to rise until the next FED meeting on 22nd September 2021. Technically, Price will look to sweep liquidity built during the past few bearish months! Remember Trends in this timeframe (monthly) last for a long time. Once the key level of 97.750 is...
dxy is speaker pattern blue lines are key....entry exit these line using and stoploss and target
After all these positive economy date from the US and talks to taper by the Fed...DXY has failed to sustain above 93 for whole of last week...in fact it has made a perfect double top at 93.2 levels and it has fallen sharply from there on Friday...91.2 would be the next important level to watch...below that we may be headed for the retest of 89.5 levels...this view...
Dollar Index has given a breakout from the cup and handle pattern. What remains to be seen if it's a real or false breakout