DXY dxy sell as said in my idea few days ago , it can touch 103.00 then we looking for bullish , if dxy breaks the support level of 102.98 then we can see it at 99.80.
Dxyanalysis
DXY (Dollar) Shorts from 103.300 down to 102.200This Weeks DXY bias is to expect another major move to the downside to continue its bearish trend that it has now set. To capitalise on this movement we will wait for a minor pull back up to a near unmitigated supply, (which will be the 9hr) to look for entries to get into this selling trend.
From this we will look for our usual wyckoff distribution to play out on the lower time frame and a CHOCH inside our POI to the enter our sell positions. I would love to see the asian high get swept as well because it will increase our confluence for a stronger sell bias. Overall I am temporarily bearish for the dollar and I expect price to keep dropping for the rest of this year.
Confluences for DXY (dollar) sells are as follows:
- Price is temprorarily bearish due to the perpetual BOS to the downside.
- There's still trend liquidity left to the downside that hasn't been taken.
- For price to react off next there is a demand zone below on the 4hr region.
- There is a clean supply 9hr that caused an impulsive to the downside.
- By the candle stick anatomy bearish candles are very strong holding lots of momentum.
P.S. I would ideally wait for this structure to break first before seeing the correction back up to the 9hr however, if price goes that low I see it continuing going down to reach our next demand. Which we will then anticipate a potential short term buy back up.
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DXY outlookLast night I was bullish on DXY. Tonight I’m looking to see it continue building bullish price action after sweeping internal liquidity.
DOLLAR INDEX UPDATES
Target Hit. NOw im expecting price goes back 106 zone.
this is not a financial advice.
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The trend is still bearish for DXYAs it is clear from the chart after hitting 4H FVG at 104.2 the trend is still bearish and the equal lows at 103 and 103.2 could be possible targets for bearish move
A counter trend bounce for DXY first and then the fall.In my previous update on DXY, I had expressed that wave 'z' had truncated on Nov 1. and that should mean the beginning of the fall for DXY.
Well from the truncated 'z' top the DXY has now fallen in a 5-wave pattern(Elliot wave theory).
While this in longer term suggests more downside for the dollar index(93$ according to me), in the short term one must remember that a five-wave fall/rise is always followed by a corrective move.
So, in this case the DXY should attempt to move a bit higher from current levels in what would be a counter trend move that could abruptly end close to the previous 4th wave high(104.557)(typical price behavior according to Elliot wave theory) or go up further till the 61.8% retracement(105.588) of the fall. Both these scenarios are labeled as Case 'A' and Case 'B' respectively on the chart.
Upon completing the either one of these scenarios wave iii to the downside will begin in DXY.
Note*- This chart is for educational purpose only. Please do your own research/analysis before taking up any financial positions.
DXY IdeaAfter predicting the Yearly High for DXY , im focused on getting this pullback and have another full rotation of this current range.
Keeping things as simple as possible for the dollar ,
No need of complications
DXY ideaHello Traders !!
As We can See Dollar index (DXY) Continually Bullish without any retest From Last 11 Weeks
We Can See there is no imbalance in Last 4 Candle so we expect dollar must Sell to 103/100
if You are Agree my idea
Please Like & Comments
DXY INDEXPair : DXY INDEX
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves will be Completed at Fibonacci Level - 50.00% / 61.80%. It has completed the Break of Structure and Retracement at Daily Demand Zone
Entry Precautions :
Wait for the Proper Rejection
DXY (Dollar index) Longs to 104.000My bias for the dollar is bullish, as I am expecting a major pull back from this key level of demand that we have marked out on the daily time frame. As you can tell by the price action, bearish pressure is now getting exhausted so, we will be looking out for a wyckoff accumulation on the lower time frame to give us more confluence that this move will take place. As I don't personally trade the dollar, I will be using as it a sign to sell my other pairs.
As we know already if the dollar becomes bullish we will expect bearish pressure for pairs like GU, EU and gold, visa versa. In addition to this, the daily demand holds a lot of significance as it has broken structure to the upside and swept liquidity therefore, we can expect a nice reaction from this AOI to potentially mitigate the supply above or fill the imbalances that have been left.
My confluences for DXY$ Longs are as follows:
- Overall DXY market is still long term bullish even though we temporarily bearish.
- Price mitigated a strong level of demand on the (daily Time frame) that caused a BOS to the upside.
- Price tapped in very slowly and the candle sticks have less volume, indicating that the bearish pressure is now exhausted and price is now looking like it wants to reverse.
- Wyckoff accumulation has started to form very gradually on the lower timeframe.
- Theres lots of imbalances above to target as well as supply zones to mitigate in order for price to continue in its bearish trend.
- Price has also taken out a key level of engineering liquidity on the way down approaching the zone, so now price has enough liquidity to move the market back up.
P.S. I am still bearish but as price has tapped in a key level, my thoughts are to buy back up to the nearest supply in order for us to follow the dollar trend downwards. I will be waiting on what market does on Monday as I will be looking for imminent Sells for EU, GU and XAUUSD.
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A deeper pullback is seen below 104.00TVC:DXY reverses two consecutive daily advances and resumes the downward bias on Friday.
In case bears regain control, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30).
In the meantime, while above the key 200-day SMA, the outlook for the index is expected to remain constructive.
DXY Preparing for Another Leg Down! Grab This Next Short Entry!DXY confirmed its breakout from the bull channel to the downside and is currently showing some minor support at the 200EMA. I would expect the price gap from here to the 9EMA at 105.000 to close followed by another leg down. We have to be careful to not get caught in a 2 legged trap, which is also a possible outcome at this level.
How do we trade this?
Wait for a sell signal at the 9EMA with a strong bear bar closing on or near its low before entering a short.
Key Points
1. 200EMA Showing Some Support
2. Two Pushes down, Third Probable
3. Gap to fill to the 9EMA around 105.000.
4. Look for another Short entry at 105.000 with a sell signal
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Another drop to 104.00 remains in storeTVC:DXY manages to pick up extra pace and extends further the bounce off multi-week lows around 104.00 on Thursday.
In case bears regain the upper hand, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30).
In the meantime, while above the key 200-day SMA, the outlook for the index is expected to remain constructive.
DXY → Extra losses look likely below 104.00TVC:DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday.
The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30).
In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
After inflation, the US dollar will increase sharply next weekThe US dollar was barely changed in early European trading on Tuesday ahead of the latest inflation data that could determine the direction of US monetary policy, while sterling rose as investors British workers continue to benefit from healthy wage increases.
At 3:10 a.m. ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading virtually unchanged at 105.516.
Trading was largely confined to a narrow range on Tuesday as traders cautiously awaited the release of the US consumer price index at the end of the October session, a number likely to boost sentiment. believe. Book}} meeting.
Analysts expect annual revenue growth to rise 3.3% year-over-year, down from 3.7% in September, while also expecting a 0.1% increase over the month, lower than the 0.4% increase observed last month.
Some Fed officials, including Chairman Jerome Powell, have warned that persistent inflation could cause the central bank's interest rates to rise further and any signs that prices are harder to come by than expected are all likely to sharply increase bets on rising interest rates. US central bank. Higher interest rates - a scenario that bodes well for the dollar.
EURUSD LongEURUSD had great week showing intention to look for higher prices
Price most likely to hit 38% fibo and retrace before pushing higher
Overall sentiment of the market is very bull for EURUSD :
1- Weekly Overview - Huge positive candle on the weekly close
2- DXY broke support and is looking bearish. The structure breakout projection is point DXY to drop to mid 38%-50% fibo .. plenty of room for EURUSD to grow and to break reverse to bull
3- Main USD pairs - All looking bad for USD therefore EUR should benefit from but also expect several retracements to adjust and look for supports in order to sustain their gains from this week
- USDJPY - Looking Bear
- USD vs GBP also on the bear side
- USDCAD also not looking good for USD
US inflation before dollar fallThe dollar edged lower in early European trading on Monday as traders remained cautious ahead of the release of key U.S. inflation data that could provide further clues about FBI policy. Future Federal Reserve System.
As of 3:20 a.m. ET (7:20 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was down 0.1% at 105.627.
US consumer price data attracting attention
The new week began with a weaker dollar as traders awaited the release of October's U.S. consumer price index for an update on the Fed's progress in reining in low-level inflation. Last year was the highest level in decades.
Inflation is expected to rise by 0.1% per month. CPI rose 0.4% in September due to an unexpected rise in rents, but also showed that underlying inflationary pressures had eased slightly. October's jobs report, which suggested labor market conditions are easing, could fuel rumors that interest rates could peak if the economic slowdown accelerates further.
But Fed Chairman Jerome Powell suggested last week that the fight against inflation may not be over yet and that the Fed could raise interest rates further, a view echoed by many of his Fed chairmen this week. Supported.
"While it's clear from the federal funds futures curve that the market remains highly skeptical about whether further rate hikes will occur, Powell's comments could be the culmination of recent resistance to gradual price adjustment. There is a sex.”
A number of Fed speakers are expected to contribute this week, especially in terms of leaving open the possibility of further rate hikes that could support the dollar, especially if inflation data shows prices are stabilizing. He is likely to agree with Chairman Powell.
$DXY Idea UpdateHi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after the PWL mainly, and then if it really plays out slowly then we could go after those EQLs and the Weekly BISI where we would bounce off back again after the 50% of the Monthly FVG above.
UPDATE: I'm still leaning onto the bear side, this matches with my FX:EURUSD analysis, so i feel like this will play out nicely, the only reason for which i confirmed short on DXY was because we had a CISD after all.
DXY → Next hurdle emerges around 106.00TVC:DXY looks to extend further last week’s rebound, although the 106.00 region proves to be quite a strong barrier for the time being.
Once the 106.00 hurdle is cleared, the index could then embark on a potential test of the November peak at 107.11 (November 1) ahead of the 2023 high of 107.34 (October 3).
In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
$DXY Analysis ''Are we going after the sellside liquidity?''Hi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after the PWL mainly, and then if it really plays out slowly then we could go after those EQLs and the Weekly BISI where we would bounce off back again after the 50% of the Monthly FVG above.
DXY 2 senario with detailhi dear trader
this price action for dxy with detail
It is near the end of the year, institutions want to put a stop to the money for the Christmas celebration and take it out now... be careful.... My personal opinion is that he may not pay attention to the conversation this year, but this year he will fill the conversation with news of a war with something, but in any case, two scenarios should be considered... My personal opinion is that he will complete scenario 1 later. From the diamond pattern
good luck
mehdi
