U.S. Dollar Currency Index DXY

TradingShot Premium

The U.S. Dollar Index (DXY) has been trading sideways since the March 07 High. This is no unfamiliar territory for the USD as it has last consolidated from November 24 to December 28 2021. The sequence that preceded that consolidation (green) both in price action and 1D RSI terms, is similar to the one that precedes the current consolidation. The former...

wavetimer

I have not changed my labeling or my wave count at all since I called a bottom at 89 back almost a year ago . I have taken profits at 98.40 area . And I am warning of some issues at about 100.4 coming It is best to be out of any long US $ trades. now and wait for a rather draw out pullback that is just about to start . best of trades WAVETIMER !

thunderpips Premium

Heading into today’s European trading session, the risk tone is leaning risk-on. Asia-Pacific indices are notably stronger, measures of volatility subdued and safe-havens weaker. Leading Asia-Pacific indices to the upside is the Hang Seng at +8.30%, followed by the CSI 300 at +4.32%, the Nikkei 225 at 1.64% and the Topix and ASX 200 at +1.46% and +1.10%,...

Jin_LCMSTraders Premium

Yesterday, USD weakened against most major currencies except JPY and CHF. The PPI m/m data released yesterday indicated a slight slowdown in the prices of finished goods and services sold by producers in February. - PPI m/m (Actual: 0.8%, Forecast: 1.0%, Previous: 1.0%) - Core PPI m/m (Actual: 0.2%, Forecast: 0.6%, Previous: 0.8%) The retail sales m/m data will...

STPFOREX

The index is expected to change within the current resistance range and form a correction to the previous low

peterbokma

We have a double top on DXY and it shows that we may see corrective action. Strategy SELL 99.00-99.10, but since yesterday you might already be. Add further 99.50. Profit order @ 96.98 for now.

dRends35 Premium

After this long rally up to round number 100 DXY is having a pull back. Bearish RSI divergence - now the question is what kind of pull back will it be. A bullish retracement would be 0.382 and there is support in that area @ 97.5 It appears that there may be a bullish ramp 1-2, i-ii in the making with the minor wave completing 5 waves at the top and this could...

JosephGikuni

Price is accumulating at the highs, this indicate that the institutions are stacking orders. I am anticipating a stop raid, since there is liquidity pool above the equal highs. I anticipate price to trade to 100.00 then a possible reversal. I am not trying to catch the highs, i will wait a confirmation n Lower time frame, i will be looking for a market structure...

legacyliked

Overview: USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD. Looking analytically at DXY on Daily, price is ranging inside a Captioned Sell-Zone. Taking Bears approach due to Captioned-zone, a rejection to the downside is expected from Captioned-ceiling (99.179 | 99.091) through...

GhostSquawk Premium

The dollar index has been on the slide downwards leading into this FOMC event. We have paused on the war risk for the moment and shift focus to the interest rate decision from the FED. Its important to note that the markets will likely trade in a tight sideways range ahead of the FOMC and therefore we don't think any big moves will take place this morning but...

Alex_master_forex Pro

As we can see in the chart, the dollar is consolidating around 99.00 levels. We are also seeing the formation of new higher lows, and we can expect a break above and a continuation towards the 100.00 level soon. Tomorrow we will see a decision for the Fed's interest rate, which is expected to increase from 0.25% to 0.50%.

TTMFS Pro+

DXY - 16Mar2022 On the H4, price is still consolidating for Wave 5-(IV)(C). With the FOMC announcement later tonight, it will be interesting to see how the price action plays out. As long as price does not close back below 2nd Support at 97.78. We could expect DXY to push higher for Wave 5-(V) in the near term. This is for personal record purposes only, not...

baby_rhino

IMHO.. we are heading up to 103 something then RSI will reach overbought and go down . Feel free to share ur ideas Trade safe n fun

z3bracoRn Premium

dxy has been on a run lately, but with this double top and over extending im expecting a pullback the coming weeks. looking at these current supports for bounces. possibly retest the 21 ma or 50 ma atleast.

20:00

ScottBogatin Premium

3.16.22 DXY: I read this market using some analyze that won't be fitting for some traders (which is OK), but I put it out there anyway because I use it at times. I picked a market that is contracted and hard to trade because of this...and is difficult to trade for the bigger profits. I am not so adamant about this market making new highs when it closed a gap and...

18:58

ScottBogatin Premium

3.15.22 DXY: characterizing the market to make trade decisions.................................

MehranZahoor

Dxy Is On Daily Supply.. And Successfully Showing magic ✨..Lets See What will happening in Next Days..