The DXY is currently in a consolidation phase, and I expect it to break out soon. Regardless of the direction, we have marked points of interest (POIs) that will help us capitalize on trading opportunities.
- Scenario 1: Price Breaks Upwards
If the price breaks above the consolidation, I anticipate it will fill the imbalance and tap into the supply zones marked...
My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar.
I...
The dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response.
With the breakout from consolidation, I anticipate clearer price action. I will be...
DXY D1
We are now starting to bounce from this 100.00 support price at long last. Lots of sideways movement and consolidation.
100.500 is the first area/target of resistance, which ties in first of all with our H1 area of supply.
DXY D1 - For the last 2/3 weeks we haven't seen an awful amount of movement from the dollar and many other pairs that have yet to cause or given a definitive breakout to show currency bias/direction.
I think this week will mostly be keeping an eye on the introduction of volume, headlines and everything else to follow which may give us an indication of what we...
DXY D1
Whilst we have a bullish sequence here on the D1, the H4 looks to be showing a bearish breakout. As we always say, higher TF takes precedence. Not only this, we have fundamentals and risk sentiment backing USD bid.
I'd like to see DXY get off the ground a little more before jumping into these USD*** longs or ***USD shorts.
Hi everyone,
New Idea Trading Long in DXY.
Market Structure: Bullish
Bullish Chanel: OK
Above Moving Average: OK
Break Trend Line: 0K.
Target= 0.97358
Stop= 0.94450
Risk 1%
Appears to be a very large flag-type formation with hidden bullish divergence on the RSI.
The RSI is moving lower and lower into oversold territory while the price is steadily gaining.
This is suggestive of building strength within DXY as DXY has held onto all of it's gains since the end of May 2021.
I'm calling one more dip before the rally but this is really...
The yellow trendline is drawn from the January 2016 high.
DXY bulls have been rejected a total of four times over the past few sessions, as shown by the red arrows on the chart.
Bearish divergence on the 4 hour chart may indicate bulls are losing momentum, at least in the short term....
Additional trendlines are drawn from recent swing highs / lows and seem...
This is a major test for USD bulls. This TL has been holding since 1985. You can see the price dipped below Nov 2016 which preceded the EUR rally of 2017.
If this TL is broken, I expect a big follow through. Breakouts of other USD pairs on the monthly chart add some conviction that this is possible.
Brexit in the UK, pending recession in Germany, riots in...
Price clearly broke out from this massive falling wedge last summer.
You can see January's "Yen Flash Crash" looks like an attempt to move price back inside the wedge. Price has broken out once again after bouncing off the Monthly 200 MA.
A similar break above a smaller wedge in 2014 resulted in a 2000 pip move to the upside.
This is just one of a handful...
Our Second Idea on Tradingview
=> Here we are smelling risk off in the coming sessions.
=>From a technical perspective we are eyeballing a move back towards the 61.8% from the bottom of the channel we have been trading since April.
=>Expecting investors to raise the bid on risk off assets as we have the triple CB combo this week with BOJ, FED and BOE in play....
