Dollar Index (DXY): Multiple Time Frame Analysis & Plan 💵
After a breakout of a key daily structure resistance yesterday,
Dollar Index is consolidating within a horizontal range on an hourly time frame.
For those, who are looking for an intraday signal to buy,
a bullish violation of the resistance of the range -
an hourly candle close above 105.32, will give a strong bullish confirmation.
A bullish continuation will be expected at least to 105.6 level then.
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Dollarindex
N1DAILY
Just watch, the current sideways movement has me in a daze, previous similar price dropped and melted.
4H
Let it move more before any judgements. Rejection of price from 18200 and candles direct us to look for sells.
1H
17900, our target price. Just waiting for entry prerequisites.
15Min
The impulsive bear candle just gave us the first confirmation wait for 2 more before even attempting to enter.
GBPUSD Weekly Outlook: Analyzing Potential Trends and IdeasIn this video, I'll conduct a comprehensive analysis of GBPUSD , examining it from a High Timeframe (HTF) perspective down to our Low Timeframes (LTF) . This approach will provide insights into what to expect in trading for the upcoming week.
Additionally, I'll delve into an analysis of the DXY to further enhance our understanding of market dynamics. Stay tuned for valuable insights and strategies.
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The_Architect
🚨DXY Index Is Ready to Go Down by H&S Pattern🚨🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴.
📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern .
💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible.
🔔I expect the DXY index to continue its decline after breaking the 🟢 Support zone($104.26-$103.88) 🟢 around $103 .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Real yield in uptrendThe weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets.
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Past Performance is not an indicator of future results.
DXY Analysis before NFP(4/5/2024)In our last analysis, we had anticipated a minor correction in DXY but the correction has exceeded our expectations.
Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a correction in DXY to the 103.7 zone before going up.
Our technical view has been shown in the chart.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
DXY Index Is Ready to Go Up🚀✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴.
📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern .
🔔I expect the DXY index to rise to at least 🟡 Potential Reversal Zone(PRZ) 🟡.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Retest 1.083 prior to more Downside -> EurUsd 🐺Based off fundamentals and apparent momentum in the market, my bias remains as bearish for the EurUsd currency pair. The Monthly candle has reteaced nearly all of it's gains as we come to a close in 2 days. The the top wick signals rejection from the high of the Monthly resistance to me (1.103). This coincided with Jobs data and Increasing inflation data and the last few weeks we have observed bearish momentum in the market. Yes this week so far we have recieved some buying pressure off the 1.0805 daily support level. Although with GDP data forecasted to remain unchanged tomorrow and Housing data expected to grow for the U.S. economy, I can observe more potnetial USD strength to end the March Monthly candle. First target is 1.0805 retest of the Daily support level, then 1.08 4hr zone and ultimately 1.0768 weekly level
The Great Wall of 1.0805 Daily Level 🐼Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of New York session we will observe some sort of dead cat bounce after the freefall drop from the prior week. Target for a retracemnet is 1.08279 4hr zone. Retracements are a healthy part of a trending market but we don't have to bounce necessarily. We may very well just cntinue to drop towards our next siginifcant level and clear a 40 pips range down to Weekly Support level 1.0768.
Intro and monthly timeframe 0:0
Weekly timeframe 2:13
3:52 daily timframe
6:29 4hr timeframe
7:49 1hr timeframe
Is DXY about to pump to 105.??Based on the daily chart, I'm expecting a correction to 105 before bearish continuation. If 105 does not hold then we like will see dollar getting strong, so that leaves a question of whats gonna happen to pairs trading against the dollar?? but I am expecting 105 to hold, then from then bearish continuation to complete wave 5 since if 105 holds then our wave 4 will be around that price.
In summary:
Pump to 105 is expected.
105 breaks then expect 108.
105 holds then expect further drop on DXY till new Lows below 100.
DXY Index Can Go Up by Classical Technical Analysis Pattern🚀🏃♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢.
📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern .
🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢.
🔔I expect the DXY Index to rise to at least the 61.8% Fibonacci level and Resistance lines .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD - GOLD 1hrSimple trading:
Fibb on impulse
We look to sell gold for a correction. This isn't a trend reversal, just a pull back. Let's take advantage of a potential sell.
Key support areas:
1. Daily support (grey line)
2. Fibb .382
3. Fibb .5
4. Fibb .618
SELL Confirmations:
1. No high higher
2. Weekly Res Confirmed
3. Triangle Break and retest
Red Previous Weekly Candle Vs Weak Usd Data🛡️⚔️Hello Traders.. Another new week of trading ahead. No news announcements to kick off the week so expecting some smooth price action. Monday's can move nicely as volatility is typically lower. It's during the end of the week when we observe more aggressive trends and thats when you can really let your winning trades run. Coming out of the Weekly candle closure from last week, we may observe a continuation of bearish momentum towards 4hr zone 1.0873 or the next daily support level 1.08516. We also should consider the weak data that came out for the USD on Friday.. Consumer sentiment and Manufacturing data both missed expectations and the Daily candle for Friday closed Bullish.. In this case we may observe an increase towards extreme level 1.090 flat.
0:0 Monthly Timeframe
1:14 Weekly timeframe
2:30 Daily timeframe
4:10 4Hr timeframe
6:48 1Hr timeframe
DXY Index will Go Down to next Support zone✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴.
🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔After breaking the 🟢 Support zone($104.30-$103.89) 🟢, I expect the DXY index to continue declining until the next 🟢Support zone($102.86-$102.420)🟢 .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold and Silver We had a nice week for gold and silver.
Both rallied higher as DXY fell and reached below 103. The level that we have been waiting for in the past weeks. Now that DXY had a nice weakly bearish candle closing below 103, what should we expect for gold and silver?
Would this rally continue this week as well? I don't know. I'm just enjoying the ride. However, there will be always a correction. so let's talk about that.
As you can see silver exactly followed our green scenario in the past three weeks. Gold also moved in the direction we expected and surprised me with its vertical move. 😁
I think this week we can also see green weekly candles in gold and silver and a big red candle in DXY. However, in case of a correction at THESE PRICES, these are my expected levels for gold, silver, and DXY.
GOLD: A strong support for gold would be $2040 - $2080 area.
SILVER: A strong support for silver would be $23 - $23.5
DXY: A strong resistance for DXY would be 103.5