Dollar_index
DXY - Longer term! $DXY Longer term view
Here's a longer term view technicals of DXY - Very important chart especially as we head into march with expected rate hikes and we do have FOMC today - as we anticipated the action forward ..Never forget the market is forward looking as yields head higher. The bullish momentum has occurred last yr Q4. Most of the % hikes is priced in but we could still have more bullish momentum to continue.
Bullish if we stay above 50/21 EMA.
Bearish if we go below 50/21 EMA.
KEY TIP: Higher time frame is always a good indication for short term time frame movement.
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Disclaimer: Not Financial Advice
US DOLLAR INDEXThe dollar index has been maintaining an upward movement since January, the important levels are 90, 94, 100. As we all know who trades cryptocurrency, as long as the dollar index rises, the major cryptocurrency will retain its coreling. At the moment, the trend change after breaking through the level of 95 and fixing under it.
DXY create bearish butterfly pattern. So, Short sell Now
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DOLLAR TO STRENGTHEN SOON!Critical WARNING to ALL:
Dollar has reached its absolute bottom around 88-89.
Dollar will shoot up to a minimum of 99 soon. 10 points is nothing for USD to jump. This will cause absolute pain elsewhere to all other markets, but who cares would be the US attitude.
The problem arises - What after it. And I don't want to answer it here. We have had enough bad time in last one year.
GOLD at the point of no return. Dollar to beat gold, hands down!Gold needs to break the previous high. This chart has been uniquely made to remove the minor turbulences between Dollar and Gold. As you may notice, gold has been failing to reach previous high. And a triple bottom has formed.
That red line at the bottom also shows that over a long period, gold has reached its significant top and for gold to go for the moon, it needs to break the bottom red line decisively with a backtest.
Needless to say, it is noticed that gold's weekly SMA have different stories to tell. Dollars weekly SMA in comparison to gold favors DXY as the golden cross has just happened (or is happening as I write).
LATEST ON DXY US DOLLAR CURRENCY INDEXRussia’s invasion of Ukraine will continue to dominate markets in the week ahead, as oil and other commodities react to supply concerns.
The consumer price index for February is released Thursday and it is expected to show inflation continues to rise sharply.
The Federal Reserve will be a big focus for investors, but Fed officials will not be speaking publicly since they are in a quiet period ahead of their March 15-16 meeting.
Bullish during the War
Weekly Timeframe
Awesome Oscillator is still having its Bearish Retracement. We are looking for green volume next week to see more upside candles. Ichimoku-Cloud is still holding on, we are still inside the cloud which is fairly bullish. EMA Ribbon is still bullish it hasn't changed really from being bullish since 2011. We are currently experiencing two spring up. if we close with green candle we can expect more to the upside.
1D Timeframe
This is Double Bottom that has huge potential to the upside. We already broke the cloud and the next rejection area is $42,221. We just need to hold on to this line of support and wait for the push up after consolidation; and if we don't, then we can see a movement to the downside. Our retracement in daily time-frame has shown green volume already in AO, it means this is the beginning of more volume and candle to the upside. The bottom are reached in the Retracement. RSI is also about to cross its Moving Average which means we are crossing a bullish zone for RSI.
4H Timeframe
200 Moving Average in 4h timeframe becomes weak and easy to break. We have broken the resistance in the second retest, so we can expect more to the upside. We need to break $39,904 and hold it as our support area then break $40,646 to continue the bull run. AO is already bullish and no sign of retracement yet.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above technical analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
What Does DXY Want To Do Next?!As we all know the chaos between Russia and Ukraine has escalated into an all-out war! Where does that leave the dollar index? How does it affect the movement? Will we see drastic moves or will it continue to move according to market structure? Personally, I cannot say what the DXY will do, but… I can give my best analysis on it!
We seen from the previous week then dollar was bearish and mid-week, she made a hard dip and then a quick move up! Few of the assets paired with the dollar (UCAD, UJ, EU, GU, etc.) were showing signs of uncertainty. Selling off dramatically, buying up frantically, no one seemed to know what was going on. This coming week I will anticipate the dollar index to become bullish. As of late, oil prices have been surging and somehow the dollar looks to (somewhat) still be in tact. Also the US is reportedly mustering up a nuclear deal with Iran. If the deal goes through we could see oil prices coming down, which would mean a rise in the almighty dollar! On my chart at the most recent level of price action you can see DXY stopped going lower than a certain level and has found small support after shorting on the 15th & 17th.
Markets have been very active lately so it would be wise to follow up on any news events and correlate them with your analysis! As for me? I’ll be paying close attention to the issues with Russia and Ukraine, how dxy, gold, and oil prices react, and what new information is being released to directly affect the markets.
Overall this coming week on DXY: BULLISH
DXY dollar will be bullishDXY dollar will be bullish
Dollar created a bullish pattern.
Be carefull, patient and discipline.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Good trades to All.
DXY 96.03 - 0.07% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR INDEX
* The INDEX is currently trading in a RISING WEDGE , tested the ROOF of this structure.
- looking at a possible H&S FORMATION the 4H AND LOWER.
- Short term the pair has currently entered an uptrend on the 4h chart this.
- Strong bullish momentum towards resistance will invalidate the whole set up.
- Looking for SHORT entries on the INDEX this week should all the rules of the formation be met.
lets see how it goes
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DXY (Dollar/USD) Technical Analysis & Forecast - Still BullishTraders,
The dollar (DXY) has been rising higher as expected. 2 weeks ago we published an update in which we mentioned that dollar was simply taking a healthy correction for the next move upwards. Dollar Index has exactly done that. It has tested an FCP zone and trend lines and gone up for parabolic move.
Dollar can still rise to 100, 103, 105, 113 on the bullish side. There are several gaps available on the dollar which means that at some point in time it will fall to 90 but when, that no one knows. So manage your positions and risk.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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✅ Follow me for future ideas, trade set ups and the updates of this analysis
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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DXY Technical Analysis & Forecast - Has Anything Changed?Traders, Not much has changed on DXY. The dollar index is still struggling between FCP zone and its bullish strength. If we get a break and confirmation above the FCP zone, this can still go parabolic. In this DXY (Dollar/USD) Technical Analysis & Forecast we see various scenarios along with EURUSD situation.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
DXY Critical Point 11/02/2021we can see the price has showed some resistance and felled off back to its bearish trend but yet we have a heavy Accumulation zone at 88-90to which market has already showed some reaction and it stood as a support area, we may have some retrace back up to the 38% or 50% of current bearish wave Fibonacci levels and then heads down to the -61.8 of the same wave expansion,
we have defined few TP areas by the confluences of Fibonacci and Price Action where we expect to get if DXY continued its down trend.
from the other side we are having some fundamental news also coming which is not seems to be that good for the greenback and some how supports the fall of the Currency temporally
by this analysis we can be more bullish on the USD Quote instruments and bearish on Base ones.
we are publishing this idea Neutral we had seen some Regular Bullish Divergence with MACD coming up in the Weekly Time Frame which is in the linked ideas