🇺🇸#USdollarindex #DXY
🔥US Dollar index makes a great bounce from the critical resistance of 104.60!
Such currencies as EUR, GBP, JPY, and CHF might stay under heavy pressure versus the US dollar during the next week!
P.S. These four currencies are included in the US dollar index.
🟩START TRADING🟩
🔥US Dollar index makes a great bounce from the critical resistance of 104.60!
Such currencies as EUR, GBP, JPY, and CHF might stay under heavy pressure versus the US dollar during the next week!
P.S. These four currencies are included in the US dollar index.
🟩START TRADING🟩
🇺🇸#USD #DXY
👆🔥US dollar index is looking up!
The RSI repeats the same pattern, which has also appeared twice in 5 previous months.
❗️The H4 RSI goes to 84 -> RSI declines, while the price stays at the same level -> Another pump when RSI reaches 70 - 75 -> divergence appears -> deeper correction happens.❗️
💥It seems like the US dollar is ready for the September final rally! But are you ready for that?
💚 START TRADING 💚
👆🔥US dollar index is looking up!
The RSI repeats the same pattern, which has also appeared twice in 5 previous months.
❗️The H4 RSI goes to 84 -> RSI declines, while the price stays at the same level -> Another pump when RSI reaches 70 - 75 -> divergence appears -> deeper correction happens.❗️
💥It seems like the US dollar is ready for the September final rally! But are you ready for that?
💚 START TRADING 💚
🇺🇸#USD #DXY
👇US dollar index RSI makes lower low on the M15 timeframe. We are expecting the US dollar to plunge today.
😉As a result, EURUSD, XAUUSD, GBPUSD might experience a massive growth.
Which one to analyze next?
💚START TRADING 💚
👇US dollar index RSI makes lower low on the M15 timeframe. We are expecting the US dollar to plunge today.
😉As a result, EURUSD, XAUUSD, GBPUSD might experience a massive growth.
Which one to analyze next?
💚START TRADING 💚
🇺🇸#USD #DXY #USDollarIndex
🔥Is it a slight correction or a massive reversal for the US dollar? We will know pretty soon!
The US dollar index (DXY) is moving inside the ascending channel. Right now, sellers are attempting to break the cross point of the channel's lower border and the 61.8 Fibonacci level.
👇If they succeed, the USD will go down, pushing GBPUSD, EURUSD, and XAUUSD to the top.
👆On the other hand, if buyers defend this level, the US dollar index might keep its way toward 114.60, pressing mentioned assets to new lows.
😉Be patient, and you will beat the market!
✅START TRADING ✅
🔥Is it a slight correction or a massive reversal for the US dollar? We will know pretty soon!
The US dollar index (DXY) is moving inside the ascending channel. Right now, sellers are attempting to break the cross point of the channel's lower border and the 61.8 Fibonacci level.
👇If they succeed, the USD will go down, pushing GBPUSD, EURUSD, and XAUUSD to the top.
👆On the other hand, if buyers defend this level, the US dollar index might keep its way toward 114.60, pressing mentioned assets to new lows.
😉Be patient, and you will beat the market!
✅START TRADING ✅
🇺🇸#USDollarIndex #DXY
🔥US dollar index has formed a symmetrical triangle!
The price is testing the resistance line right now. If the index breaks above 113.60, it will go to 114.60. This will press EURUSD, GBPUSD, XAUUSD.
Do you use DXY while analyzing the markets?
✅START TRADING ✅
🔥US dollar index has formed a symmetrical triangle!
The price is testing the resistance line right now. If the index breaks above 113.60, it will go to 114.60. This will press EURUSD, GBPUSD, XAUUSD.
Do you use DXY while analyzing the markets?
✅START TRADING ✅
🇺🇸#DXY #USdollarIndex
🔥USD might decline further!
The US dollar index has formed a bearish flag on the H1 timeframe. The index can drop to the 105.30 support level, which is a 1.3% decline.
Thus, we suggest looking for buy trades in ***/USD pairs and XAUUSD.
✅START TRADING ✅
🔥USD might decline further!
The US dollar index has formed a bearish flag on the H1 timeframe. The index can drop to the 105.30 support level, which is a 1.3% decline.
Thus, we suggest looking for buy trades in ***/USD pairs and XAUUSD.
✅START TRADING ✅
FBS Analytics
🇺🇸#DXY #USdollarIndex 🔥USD might decline further! The US dollar index has formed a bearish flag on the H1 timeframe. The index can drop to the 105.30 support level, which is a 1.3% decline. Thus, we suggest looking for buy trades in ***/USD pairs and…
🇺🇸#DXY #USDollarIndex
🔥The US dollar index bounces off the 105.30 support level. Local correction might happen!
The H4 RSI is under 30. Thus, we expect the US dollar index to consolidate around the 104.95 - 105.30 support range for a couple of days and then make a strong impulse toward the 108.20 resistance.
❗️Selling USD against other currencies is risky right now ❗️
✅START TRADING ✅
🔥The US dollar index bounces off the 105.30 support level. Local correction might happen!
The H4 RSI is under 30. Thus, we expect the US dollar index to consolidate around the 104.95 - 105.30 support range for a couple of days and then make a strong impulse toward the 108.20 resistance.
❗️Selling USD against other currencies is risky right now ❗️
✅START TRADING ✅
🇺🇸#DXY #USdollarIndex
🔥Buyers are trying to boost the US dollar index!
The price has formed a solid resistance at 107.10. Consider buying the US dollar against other currencies after the breakout.
Gold and US stock insides might get under pressure!
🎯Target for the US dollar index: 108.20
✅START TRADING ✅
🔥Buyers are trying to boost the US dollar index!
The price has formed a solid resistance at 107.10. Consider buying the US dollar against other currencies after the breakout.
Gold and US stock insides might get under pressure!
🎯Target for the US dollar index: 108.20
✅START TRADING ✅
🇺🇸#UsDollarIndex #DXY
🗣"According to the Commodity Futures Trading Commission, hedge funds and other large speculators boosted their net bearish position on the greenback against major peers to more than 70 000 contracts as of April 25, the most since June 2021. Hedge funds believe the currency will lose all the gains posted since the Fed started raising the cash rate last March."
🤔Do you know what happens in the financial markets when the majority bets on the exact outcome of an event and announces it? Everything happens exactly the opposite. Today, the largest media say that at the next meeting on May 3, we will hear a dovish speech from the Fed. Sounds too good, doesn't it?
❗️However, if we open a dollar index chart (USDollarIndex), we can see that the price is rounding off and forming a double bottom pattern just above a key resistance level. Therefore, FBS analysts remain bullish on the US dollar at the next meeting. However, remember to do your own analysis before making any trades!
Give ❤️if May will be a successful month for the FBS community!
🗣"According to the Commodity Futures Trading Commission, hedge funds and other large speculators boosted their net bearish position on the greenback against major peers to more than 70 000 contracts as of April 25, the most since June 2021. Hedge funds believe the currency will lose all the gains posted since the Fed started raising the cash rate last March."
🤔Do you know what happens in the financial markets when the majority bets on the exact outcome of an event and announces it? Everything happens exactly the opposite. Today, the largest media say that at the next meeting on May 3, we will hear a dovish speech from the Fed. Sounds too good, doesn't it?
❗️However, if we open a dollar index chart (USDollarIndex), we can see that the price is rounding off and forming a double bottom pattern just above a key resistance level. Therefore, FBS analysts remain bullish on the US dollar at the next meeting. However, remember to do your own analysis before making any trades!
Give ❤️if May will be a successful month for the FBS community!
