DXY Elliot WaveUpon examining the Elliott Wave pattern for the DXY in a broader timeframe, it seems that the current phase aligns with the fourth wave. This phase could be characterized either as a zigzag or a WXY correction. Based on this interpretation, it's plausible to anticipate an initial upward trend leading towards the fifth wave, preceding a notable pullback in the index.
Dollarindexview
How New Dollar Highs Affect The MajorsHi my trading friends,
Have you been following the dollar and what she has been doing over this past week? If not, I got you. The dollar made a new high after pulling back in a slight downtrend over the last few weeks.
We now need to see if price can hold that high position or fall.
Let me know in the comment section below what your next move will look like!
Like this post to boost it. Reply to let me know you care.
DXY MOMENTUM 108The dollar is keep on the rise while the FED Pause there Hikes.
So we wait this zone 108 for filling its 4hr GAPS. But tonight More FEDs member speech. ISM later 10pm asia .
This is my view and my top of the DOLLAR. only this month ranging around 108.
Trade at your own risk.
Follow for more ...This idea is base
US Dollar Index Short Term Sell IdeaH4 - Price respected a key resistance zone and bounced lower.
Uptrend line breakout.
Lower lows.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
DXY Analysis - Weekly Timeframe (ICT)On the weekly timeframe it is more convincing that the last spike down was a sellside liquidity grab in order to start reaching towards the buyside liquidity, starting with the descending trendline.
I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous FVG/iFVG as support before heading higher. If price pushes higher into a weekly Orderblock residing above, then I would consider that the last line of defense before the DXY potentially making new highs.
I am excited about the possible setups based on DXY in the near future.
Dollar chart beyond of any walls.To print, or to not print?
That's the question to resolve, if you want to succeed in different markets.
Many investors & traders focus onto indicators, bands or some chart structures like Harmonic patterns, economy overviews, data and personal opinions.
Everything what would help is useful. Especially at shorter time frames.
When I am looking from my view after decade, I see how markets are more/like about the Dollar, world reserve currency.
This is shaping SP500, Technology stocks, precious metals and also Crypto currencies, with usually limited supplies ( that better ones ).
They told about CBDC and crash of money. I agree, it will come quite soon.
To me in my mind, they will make some changes in digital behind that nobody will notice and that is reason USD will here.
You can monitor MACD, RSI or some others. However, It will gives you just an overview about the state of markets and can trick you into bull/bear traps or bad decisions from other people ideas.
Game of coincidence probably started yet. Yourtubes told you " there is magical support, which will hold forever.
Maybe you noticed even multiple times, how indicators are all to late and often in conflict in any major trend. Can stay overbought/oversold for long time and so on...
I can also confirm markets are often behaves irrationally.
Currency should also be pronounced like " Current sea".
So more you will speculate and look into fundamentals/events, probably more money will be spent on leverage, transactions and fees, which only dives yourself deeper into this local sea,
when only few will see some fair results of success ; )
So well, here I made my simple chart with targets to the future.
I know, it won't end up perfect and I even do not expect it to be 100%.
To be fair, I never tried to give any signals or disappoint people.
Always with care and ready,
Emvo.
*This is not any financial advice.
DXY very bullish ! growth can continue up to 120The Fed had on Wednesday had hiked the upper target for fed funds to 4.0%, its highest since the Great Financial Crisis, while Chair Jerome Powell had said that interest rates will have to go higher than previously thought, even if the size of individual hikes from now on is likely to be smaller than the 75 basis points seen at the last four meetings. If we can break through the previous high, the growth will continue very strongly.
US DOLLAR INDEX Daily analysis, long trade ideaAfter a long period of uptrend, US DOLLAR INDEX reached its critical point. The Fed raised interest rates last week. After that, dollar index a very strong growth and reached the level of 114.400.
What's next ?
I have no problem admitting that the XXX/USD short trade is the only trade right now, with the US Federal Reserve and other central banks intent on raising interest rates until the end of the year.
Why us dollar index is continue to rise ?
Money supply
From the start of pandemic-related government spending in the spring of 2020, to today, the US government has printed over $6 trillion.
Why is that important? Because money supply growth and inflation are inexorably linked.
This year the Fed is aggressively raising rates and that’s good for the dollar
DXY create bullish Rectangle pattern. So, Short sell, long buy
In this situation DXY chart Hopefully create bullish Rectangle pattern .
So, market need seems to SELL correction at 108.600 & 108.400 support
level. Then Market fully BUY to 109.550 & 110.200 resistance level.
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data, quotes, charts and buy/sell signals.
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Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
Dollar Index, perfectThe price responded perfectly to the signal sent by the MCS in H4.
After this excess of strength, the price pushed down until it reached MML H4, giving us the opportunity now to place a Stop Profit below the entry point.
Let's set the new Stop Profit at 96.72
Once we reach 38.2% of the last bullish vector we can lower the Stop Profit on the MML to 96.05, where the price is now.
USD AnalysisUSD - Dollar is experiencing a lot of resistance in the zone as marked, so could drop from here. However, if it breaks this area, the next short price would be the QP 98.000. A lot of news for the dollar throughout next week so could be fairly unpredictable. There is also a bank holiday on Friday 3rd July. Overall, I am expecting the dollar to rise this week, which correlates with my future predictions on currency pairs that include the USD, however, due to a lot of news and some resistance shown at current price, my confidence on this is not so high (so there is a chance of drop).
#DXY ANALYSIS.. The US Dollar Index is currently on the verge of a very critical resistance, #DXY can be considered as an important leading indicator in the course of the markets on a global scale.. The increase of # DXY significantly reduces the risk appetite of investors in the markets and the demand for the dollar increases. In this context, examining the #DXY chart gives serious clues about the fluctuations that may occur in the markets..
If we look at the #DXY chart within the technical framework, we can easily express that the price movements from past to present constitute a structural similarity.. I firmly believe that #DXY is ready to go up, we will wait and see.. 102 is a very important resistance point and, if exceeded, #DXY can reach levels 112 and 120.. Just watch fractals..
The increase in demand for # Dollars in the crisis times from past to present brought strong sales in the stock and commodity markets, and also caused deep depreciation in the developing countries' currencies.. I think markets will become very interesting after 3,4 months..
Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
DXY: Further Downside Expected After CorrectionHi traders,
The dollar is poised for more downside. I'm looking for a textbook 1-2-3-4-5 structure that will complete wave C. Price is set to correct into wave 2, after which I'm expecting further downside into wave 3.
With this being said, however, it is advisable to wait for proper confirmation as this analysis is premature - more market data is needed.
Regards
Wave Theorist