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Dollar_index

Dollar analysisLast week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear trendline on the daily chart, and breaking above it is what we are waiting for. The most conservative traders can look for breakout and successful trendline retest before taking a trade. We have a good setup for a potential big rally, but patience is a must.
ICEUS:DX1!Long
by UnknownUnicorn1156963
DXY 95.96 - 023 % LONG IDEA Good Day Everyone A look at the DOLLAR INDEX which is strongly bearish and is strading in an ARC structure respecting the structure at that looking for continuation to the downside to support level 95.69 then a reversal out of the ARC structure... lets see how it goes Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
TVC:DXYLong
by PULEMokhothu
💵 Dolla Dolla Bills Y'all. (DXY)😯 The almighty usd is at a critical point of Resistance as it compresses for a major move. The green triangle is your zone of compression. I analyzed this chart not too long ago and spoke about how this Resistance level would be a strong level. We continue to fight as the monthly and 2 month start to compress and shift red with the ema dots indicator below. Once the support or resistance on the triangle breaks that will show you the next multi year cycle of where the dollar wants to go. Breaking down would result on a lower low and a lower high on the major view of dxy. It almost resembles the same patter from 1986 to the early 2000s, a massive cup pattern. A breakout to the upside would be extremely bullish. Major long term support is the green arrow on the bottom of the long term downward channel that we are currently in. Keep on printing that mooolahh 🤔 Hope this helps! Have an awesome trading week! 🥳 🥇MLT | MAJOR LEAGUE TRADER
TVC:DXY
by UnknownUnicorn2319099
4
USD Index (DXY):Multi TF shows destination 92 routed via 98.80 The multi-timeframe analysis for DXY shows the short term bounce towards 98.80 before heading lower towards 92. Following is the step by step break down of the analysis from higher to lower TF's: MONTHLY: (1) Bearish due to bounce from the long term down trendline acting as resistance. (2) The bearish divergence comes in play between the leg 3 & leg 5 of the impulsive push-up. (3) Followed by a lower low breaking through the structural horizontal support. (4) Bounced higher towards the falling trend line and gets rejected, thus forming a hidden bearish divergence to continue lower. The above-mentioned facts make the probability of pushing it towards the confluence of support zone from 92.85 - 91.33 The confluence of support is derived from the multi-year rising trendline + Horizontal support & resistance structure + Fibo Extn. 61.8 at 92.11 WEEKLY + DAILY: Are under upward correction 8 HOURLY: Bounced up from the channel support after reaching 100% Fibo Extn. around 95.80 1 HOURLY: (1) The first push-up is completed along with bearish divergence. (2) Now it's retracing to re-test the projected up trendline (RED), from where it may bounce-up to create the second leg towards channel's high. (3) Once, it reaches the upper boundary of the channel + horizontal resistance around 98.80, it may resume the downwards journey towards the 92-93 area. TRADE IDEAS: Short term- Buy the retraces until it reaches 98.80 Long-term- Selling it, once gets rejected from the channel's boundary along with a break of the rising trendline + re-test validation of the resistance. GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
TVC:DXYShort
by moneytize
US Dollar Index ( DXY ): Technical Analysis shows more downside DXY is rolling downward for the last couple of months. The technical analysis hints for more weakness and bearish target 94.65 1. The price is moving in a descending channel 2. Currently, it's trading below the key resistance of 97.20 3. It may bounce upward for a short term from the Fibo Extn.100% at 95.80 due to oversold condition + bullish divergence coming in play on MACD 4. 94.70 is the target insight with the higher TF's still remaining bearish along with the confluence of horizontal support/swing low/channel bottom and Fibo Extn. Therefore, I suggest selling it on a rise for the given target. GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
TVC:DXYShort
by moneytize
20