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Dollarsell

DXY (Dollar) Shorts from 101.600 back downMy outlook for the dollar is focused on scouting a bearish continuation. A 7-hour supply zone has emerged, and I'm looking for the price to enter this zone to trigger a bearish reaction, potentially creating a new leg to the downside. If the supply zone is broken, I would then anticipate the price rallying higher into a more premium supply area. However, if the price heads down first, I expect the 9-hour demand zone to be violated, allowing for a better buying opportunity from the lower demand zone. P.S.: Be cautious and trade with care, as PPI and CPI data are due this week. Keep an eye on Forex Factory for updates.
TVC:DXYShort
by Hassan_fx
DXY (Dollar Index) Shorts from 103.400 back down!As the dollar has been consolidating in the past week, opportunities near the current price are limited. However, my nearest Point of Interest (POI) is a supply zone on the 14-hour chart. I am looking to capitalize on this by selling to continue the bearish trend observed in the dollar index. I'll be patiently waiting for a breakout from this range, aiming to fill the imbalances above and eventually reach our identified supply zone. On the flip side, if price breaks below the consolidation, it could tap into a demand zone, sweeping liquidity beneath the range. In this scenario, I anticipate a bullish reaction, possibly a temporary move to the upside before eventually targeting our supply zone. Confluences for Dollar sells are as follows: - Overall temporary trend for this pair is bearish so this idea aligns with that bias. - Bullish pressure is now getting exhausted as you can see from the ranging price action - Price has left imbalances just below the supply that needs to get filled, validating our POI. - There is lots of liquidity to the downside that needs to be taken. - Price is due for a pullback to enter a level of supply if price wants to keep dropping lower. P.S. If price unfolds in a manner similar to how EURUSD is behaving, I will patiently await a breakout from this area. Subsequently, I will assess its behaviour and adapt my approach based on the information the market presents. Have a great week ahead traders!
CAPITALCOM:DXYShort
by Hassan_fx
1
Where Is The DOLLAR/DXY Going Next ?? BUY @ 109.2 ???We are approaching a nice Weekly DEMAND/BUY zone which starts around 109.2 which is a previous swing high in the current trend that will likely form some sort of support and is a good area to go LONG again I will be looking for my indicator to give me a signal on TFs above the 4hr to daily around these levels. If this trade happens I expect a run back up to around 1.14 and then a sell off again which will drop down towads the 104 area which is a newly formed Monthly DEMAND/BUY area. With the fundamentals starting to change a little the past week with rumors that Fed is less hawkish and interest rates may halt I think the High is already in on the DXY near the 115 mark though we never know just yet until we have the Fed meeting next week. You can also look at my previous analysis on the DXY where I explained the likely path that is happening now enjoy
TVC:DXYLong
by TheFxAce
The Fall of Dollar is Around the Corner ... Bearish Dollar?DXY is close to a premium array (-OB) Dollar Price is Bearish Long Term. The Open of the OB (116.457) would be ideal to expect the sell come in... Confirmation is vital in my trading so won't just enter straight away. I will post another idea for the sell entry. This is just to call y'all attention to what I see on DXY. If the sell does come in then the First Target on Monthly TF would be 88.493. Follow for more quality trade Ideas...Trade Safe ;)
TVC:DXYShort
by giwa_xx
DXY create bearish Harmonic pattern. So, Short sell, long buy In this situation DXY chart Bearish Harmonic pattern . So, market need to seems SELL correction at 109.327 or 108.500 support level. Then Market fully BUY to 109.900 ; 110.240 & 110.500 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 W1 Sept 2021]DXY // USDINDEX // USD // DOLLAR Sell Setup Continuation trade: 📰 We have seen a fakeout above 93.400, which has trapped MANY traders last week. I have emphasised many times that fundamentally this won't be long when the dollar resumes its bearishness due to the FED and tapering news. And clearly was brought to light on Friday. 👉🏻 As mentioned that 93.000 was a retest area before a selloff. Possible continuation to at least 91.500. Daily Markups
TVC:DXYShort
by SuperMonkey0