Dollar_index
Dollar Index Same setup as many other charts (see videos). Using BonfireTA to find trued price and built box trends off natural intersects. You will see the symmetry and alignment is there and the junctions mark nearly all major pivots and levels.
Dollar index targets 99.00 at least Broken trend line + retest + Broken inside bar may be enough reasons to think about buying the Dollar index
D1 - SHORT DXY Setting up for a bearish moveDollar Currency Index has completed its Subminutte Wave II and bears gathering momentum to push price downwards for Wave 3.
This is also in correlation to EURUSD setting up for a bull run.
SCENARIO
Recommendation: Sell
Waiting for Correction in Lower time frames and sell after completion of correction.
Good Luck
Will DXY break out of it's channel? (Dollar weakness)After 31-10-2019's close below the 200SMA the DXY is still on the low side of the channel.
A close below 97 would confirm the DXY leaving it's bullish channel.
Will we cont. down? DXYDXY was .50 off from 100. We will make it to 100? Or do you think we are heading down for the rest of the year to $95 ???
We are at the bottom of the DXY channel and currently heading to the 50% medium of this range. If we get a 61 - 78% denial I can see us heading to 96.00 next.
Dollar Pre-NFPDollar
a gap has occured on the 1h equal highs
I'll be looking for a raid of the short term highs into this gap, going into London and a possible drop.
If price fails to make a low, that high can determine the trend for Friday as it can signify a break in market structure
US Dollar Index DXY forecast using supply and demandWhat is US Dollar Index DXY forecast using supply and demand technical analysis? Well, as discussed in previous video technical analysis in the past, we have a clear long term long bias on US Dollar Index DXY creating and respecting bigger timeframe demand levels and imbalances and eliminating obstacles in the form of supply imbalances.
In a clear uptrend we should only be interested in buying US Dollar Index DXY . If you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators, you can use this supply and demand technical analysis on US Dollar Index DXY to plan your longs.
You might be using CCI or RSI oscillators or even moving average crosses and Bollinger Bands, we don't really need any of those to make a trading decision when trading supply and demand imbalances.
All we need to know is that we have a trend and direction and new demand levels created. The technical video analysis you can watch below shows a longer term US Dollar Index DXY analysis using the weekly timeframe as the main timeframe. New demand level has been created around $97, gained control and price is rallying strongly with a lot of room on the way up to a strong monthly supply level that is located near US Dollar Index DXY where shorts will be possible again.
DXYAs predicted in the previous analysis, TVC:DXY has begun to improve in its time frame. According to the basic harmonic pattern AB = CD needs to be modified again like BC. Given the high resting speed it seems, the validity of the time range seems higher than the price range.
DXY Entering Strong Resistance Area
dollar index is entering a strong area of resistance.
+ this area matches perfectly with the resistance line of a rising channel.
there is a very high chance that the market will respect this area and drop to support of the channel.
DXY - Swing Trade If you’ve been reading and following the last couple posts you would know that we are disliking the US dollar against the looney. If you haven’t thats ok, just make sure you check em out after this. It adds further confirmation to the ideas presented.
If your dinner has been served and you’re ready to keep things simple then look at the weekly index for the dollar and notice the heavy divergence. Wait, let me stress this further, look at how dang LONG this has been developing for. Patience is a virtue and the market rewards those that are patient. I’m going to sound repetitive because you all are too greedy and always want to be in the market picking tops and picking bottoms.
This divergence and lack of momentum signals exhaustion and adds fuel to our shorts with UCAD. Don’t go bald pulling your hair out, hold on to the laurels this will be a ride. See ya soon folks.
DXYi see more weakness on dollar and fundamentals also showing more tensions with tariffs.
here from technical i see abc correction marked with sub waves, also eurusd have same reverse pattern.
on the chart in comments u can see the bigger full view on this.
like it so ull be notified for updates...
DXYAs we see dollar broke the old supple zone and its moving up to the fresh ones, maybe return from 98.80 but on my opinion it will see 100 then the big drop
be careful trading dollar pairs in FX, dollar is everything ;)
DXY can correctionAs predicted in the previous analysis, DXY was strengthened last week. It is currently close to its PRZ and TRZ range. If it does not reach its price range and begins to fall within the specified time range (July 29 to August 9), the price range will fall to 97.04 and will start falling if it is within the specified price range and at the specified time. Could fall to 97.52.
USD Set up discussed in our strategy session USD line in the sand 12385 we look for a marginal new high to act as a bull trap
DXYTVC:DXY can continue the down trend in PRZ and TRZ zone that show in my analysis.
EK_ANALYSIS
Good Luck
dxyfinishing the correction (in comments) with ending diagonal. how typical :D
that small correction that is making now is same as in previous push up, so thats why im expecting somewhere similar retracing up before drops again and give us that diagonal whats presented on chart. however that drop down at last part can come in very different sizes and shapes and can be finished as soon as it tags the low (presented with blue horizontal line) or around that purple horizontal from daily/weekly time frame to form running flat and rush up again. from the other side it can drop even further and to which lvls we will know when we see what structure its making on its way.
we can see all same pattern in almost every dollar pair accordingly so stay wise. if that is really end of the correction that means big wave is coming.
1D) Dollar Index bull scenarioAssuming ABC pullback is completed. We can expect seasonality factor will drive the price up.
If ABC pullback shows signs of bigger bearish wave, then this assumption is wrong.
