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DXY short to mid-term analysis (Update)This post is an update to my original post few weeks ago where I presented the case for DXY bottoming out. Following is the link to that, please go through it to understand the context. On Thursday DXY closed above 34( Red )EMA, on the daily, as mentioned in previous post, it a sign of strength and possible breakout, and we did breakout the following day and closed much higher. I expect this breakout to hold, and the rally should continue for a while. We can come down and flirt with 13( Green ) and 21( Blue ) EMA's again, this happens until 13 and 21 EMA's start moving up and crosses above 34 EMA, when that happens and sustains for few days, that's the confirmation of bull run and that's the most likely scenario. Fundamentally also, we have reasons for Dollar gaining strength in short to midterm, mostly because of Hawkish Fed and no intention of stopping rate hikes in the coming months, with each upcoming rate hike DXY should keep pushing higher. We also have indications of a stronger than originally expected US economy and decreasing unemployment as contributing factors adding to DXY's strength. Now talking about targets, The Boxes in my chart are very strong S/R zones going back months and years. So, the next zone of mid-size resistance for DXY is 103 price level, where I expect some retrace, then the big one is 104 which may cause a pause in the rally and some consolidation for big retrace. If you like my content then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
CAPITALCOM:DXY
by zakoraio
Dollar Index Chart Analysis.... In this situation, DXY chart creates ab=cd Pattern. So,if a breakout market 101:000 support level is then market sell to the nearest 100.800 and 100.230 support levels. If breakout 101.700 resistance level is, then the market will go up 102 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
DXY Dollar Index Technical Analysis and Trade IdeaIn this video we look at the #DXY dollar index and analyse its potential trend reversal. The daily timeframe shows a pattern of higher lows and highs, with a clear formation of a bottoming structure. Throughout the video, we will discuss the current market conditions, including price action, market structure, and the trend, and identify a potential swing trade opportunity for the upcoming week. It's important to note that the information presented in this video reflects only my personal opinion and should not be considered as financial advice.
TVC:DXYLong
by fxtraderanthony
DXY mid to long term analysisLong term I am Bearish on DXY, with De-Dollarization happening in the world especially BRICS countries preparing to create a new currency to use for trade amongst them and 24 other nations joining them. So, we will see the dollar lose its value over the next few years. But in the short to midterm (Few Months to a year) I am seeing a nice bottom form for DXY. I have drawn two rounded curves in purple where I see rounded double bottom formations which in my experience are immensely powerful Market structure for explosive move to the upside a move to 109 is expected because of this structure. I have also drawn two smaller Rounded bottoms in yellow and Red which I see playing out to the upside in the short-term A move to 104 is expected if these structures continue to develop. PA is also reacting to the PRZ 1.414 of butterfly, if DXY comes down to play the red rounded bottom, we can see a strong move up from 1.618 extension of the butterfly as a Type 2 return on the harmonic. We also have the 3 key EMAs (13 21 and 34) on daily start to curve to the upside, these are initial signs of Trend reversal. Right now, PA is above 21 and 13, but below 34, As long as 34 EMA is not broken through on Daily Time Frame 21 and 13 EMA act as weak support and 34 EMA will continue to act as resistance, and we will be in a down trend. Once the 34 EMA is claimed on Daily and held for few days, we get a confirmation for the uptrend and then 21 and 13 EMA will start to act as strong support along with 34 EMA. With FOMC coming up, if the news is favorable for Dollar, we can break thorough 34 EMA and confirm the trend reversal. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned and if you like my content and would like to learn from my experience hit like and follow me for getting notified on my trade, market projections and several upcoming tutorials on technical analysis and several technical Indicators. you can also leave a comment and let me know if you want me to analyze any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
CAPITALCOM:DXY
by zakoraio
2
DOLLAR INDEX Correct to support & levels to watch. DXY💲Hello my friend, Everything is marked on the chart like always. We can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 103. Good luck. If its useful please like it as a support and follow me to next analysis :) Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim. noghte kelidi 103 hastesh. moafagh bashid. like va follow faramoosh nashe :)
TVC:DXYShort
by ArashBanakar
1
DOLLAR INDEX Correct to support & levels to watch. DXY💲updateHello my friend, Everything is marked on the chart like always. The market on the way from last week and now on the minor support base which we can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 103. Good luck. If its useful please like it as a support and follow me to next analysis :) Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. market dar masir morede entezare ma az hafte gozashte dar haal harkat hast va dar haale hazer rooye yek base hemayati minor hast ke mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim. noghte kelidi 103 hastesh. moafagh bashid. like va follow faramoosh nashe :)
TVC:DXYShort
by ArashBanakar
5
Dollar Index (DXY): Bearish Outlook Explained💲 Dollar Index is trading in a minor bearish trend on a daily. The market is steadily falling within a falling parallel channel. The market is currently approaching a very important confluence point based on a resistance of the channel and a broken horizontal resistance. I believe that chances will be high to see a bearish move from the underlined zone to 101.0 level. Alternatively, remember that a bullish breakout of the resistance of the channel will initiate a correctional movement on the index. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
11
DOLLAR Index 1H - 4/4/23 AnalysisInteresting level here, price finally got a break below 102, Job reports were lacking by close to a million jobs and factory orders are down to -0.7% when -0.4% was expected. On a macro sense, there appears to be a large amount of indecision in the market and it is reflected in the price movements. Fundamental news vastly supports the level of indecision that is present. Looking at the 1H, I'm curious to see if price will show magnetism towards this level considering its a long-term major reversal area. Magnetism supports longer consolidation period or zone and could again be reflected in the news. I think Market Sentiment is key now when preparing trades for the Dollar simply because they is so much happening in the news. There has been some latency in the market, this could be a period where volatility and momentum could pick up as we move throughout the year. Near-term, I'm expecting price to seek down 101.100 before stagnating and determining where to go from there.
TVC:DXY
by MultiBillionaireMom
1