DXY Is Still Bearish; Final Leg Of The Wedge Pattern?DXY Is Still Bearish, but it can be trading in final leg of ending diagonal a.k.a. wedge pattern from technical and Elliott wave perspective.
US Dollar Index – DXY made only a three-wave rise from the lows, which indicates for a correction within downtrend. So recovery can basically still be a fou
DXY: Trump's Goal is to Devalue the Dollar!!Hey Traders, in tomorrow's trading session we are monitoring DXY for a selling opportunity around 98.300 zone, DXY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 98.300 support and resistance area. On the other hand Trump is looking towards d
future of the DXYHi to every one
In the DXY we are in the middle of the decisioning area which means
we should wait for the market to show its hands
First sensitive level that i am looking for is the C.E of the weekly candle(Prev.week)
IF we get resistance at that level we can wait for the price to dee
US Dollar Index (DXY) Technical Analysis:The DXY is currently moving sideways near the 98.65 support zone after a sharp drop from the 100.25 resistance, which marked last week’s high.
🔹 Bearish Scenario:
If the price breaks below 98.65 and holds, a continuation toward 97.90 is likely, with potential to reach the 97.50 support area.
🔹 Bul
US Dollar Index (DXY) Plummets Following Labour Market DataUS Dollar Index (DXY) Plummets Following Labour Market Data
The US Dollar Index (DXY) fell by approximately 1.4% on Friday after the release of disappointing US labour market figures. According to Forex Factory:
→ The unemployment rate rose from 4.1% to 4.2%;
→ The Nonfarm Employment Change figu
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US Dollar Index Cash reached its highest quote on Sep 28, 2022 — 114.87 USD. See more data on the US Dollar Index Cash chart.
The lowest ever quote of US Dollar Index Cash is 92.93 USD. It was reached on Sep 23, 2021. See more data on the US Dollar Index Cash chart.
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