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Dxyanalysis

DXY Index Can Go Up by Classical Technical Analysis Pattern🚀🏃‍♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢. 📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern . 🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢. 🔔I expect the DXY Index to rise to at least the 61.8% Fibonacci level and Resistance lines . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
9
DXY (U.S. Dollar Index): Potential Upside Breakout on 4-Hour 📈The DXY has completed a target of a previously identified channel pattern on the 4-hour timeframe. A double bottom formation has emerged near the channel's support level. ➡️Analysis: A retest of the double bottom's neckline (around 103.318) is anticipated. A bullish breakout scenario is developing, with a potential upside move towards the target at 104.992 if support holds at the retest area. ➡️Key Levels: Support: Double bottom neckline (103.318) Resistance: Former channel resistance (104.992) ➡️Overall Bias: Bullish based on the double bottom formation and potential breakout from the channel pattern.
TVC:DXYLong
by UnknownUnicorn6353257
Swing trade shorts for USD index (DXY)A potential swing trade short has presented itself on the daily chart. DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prior (and more aggressive) leg lower. This suggest the -day rise is corrective, hence the call for another leg lower. Bears could fade into rallies within Tuesday's candle with a stop above and target the 102 area, near the 61.8% Fib level and high-volume node.
ICEUS:DX1!Short
by CityIndex
DXY Index will Go Down to next Support zone✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴. 🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the 🟢 Support zone($104.30-$103.89) 🟢, I expect the DXY index to continue declining until the next 🟢Support zone($102.86-$102.420)🟢 . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYShort
by pejman_zwin
4
Gold and Silver We had a nice week for gold and silver. Both rallied higher as DXY fell and reached below 103. The level that we have been waiting for in the past weeks. Now that DXY had a nice weakly bearish candle closing below 103, what should we expect for gold and silver? Would this rally continue this week as well? I don't know. I'm just enjoying the ride. However, there will be always a correction. so let's talk about that. As you can see silver exactly followed our green scenario in the past three weeks. Gold also moved in the direction we expected and surprised me with its vertical move. 😁 I think this week we can also see green weekly candles in gold and silver and a big red candle in DXY. However, in case of a correction at THESE PRICES, these are my expected levels for gold, silver, and DXY. GOLD: A strong support for gold would be $2040 - $2080 area. SILVER: A strong support for silver would be $23 - $23.5 DXY: A strong resistance for DXY would be 103.5
OANDA:XAUUSD
by SamanFx0
DXY Dollar Index Technical Analysis and Trade IdeaThe DXY is currently trading within a well-defined monthly sideways trending range. Price action is testing a key support level, indicating a possible retracement towards previous resistance. A bullish break of the current 1D/4H downtrend, followed by a retest and failure of the range, could present a potential buying opportunity. Disclaimer: This analysis provides a technical perspective and should not be interpreted as direct financial advice. Trading in commodities involves significant risk. Before making any investment decisions, please consult with a qualified financial professional and thoroughly assess your own risk tolerance.
TVC:DXY
by fxtraderanthony
DXY Weekly Analysis "The DXY seems to be retracing from 100.615 to take liquidity at 104.565, and we've observed significant price reactions in the area since Monday, November 13, 23. This suggests that the DXY is currently showing efficiency and may be inclined to move lower towards 99.559. However, reaching 99.559 might face resistance due to a "shield area," which could potentially cause the DXY to struggle on the downside. It's possible we'll witness the DXY lingering around the red shaded area at 101.910 for a while. If the price breaks below this level swiftly with large downward candles, we anticipate further downward movement towards 99.559. Otherwise, if it fails to break below 101.910, we'll provide an update accordingly."
TVC:DXYShort
by Deotrade1
DXY BEARS COULD RETEST 103.000 I often talk about the power of looking over our trades for those highs and lows over time, not because we can not trade but because we can be dynamic. Well to put it simply, I am bullish on DXY this year but price failed to break above 105.00 and 104.000 respectively.. Price seem to be unfolding to bring about something beautiful on the chart, this might just be what we need, the world seem to always give us what we ask for, and instead of accepting the continuation of my previous bias, I accept the evolution of my self and for my sake and the world, I am not afraid to share this.
TVC:DXYShort
by stuckinprofit
DXY Dollar Index Technical Analysis and Trade IdeaOn the higher time frame, the DXY exhibits a bullish trend, characterized by recent retracement into the 50% level on the Fibonacci. As we delve into lower timeframes, our focus sharpens. Specifically, we are on the lookout for price to form a double bottom setup—a pattern that often signals a potential reversal. This setup involves a break below the previous range lows, followed by a robust rally and, subsequently, a formation of higher lows and highs. Additionally, we pay close attention to the concept of retest and failure. If price retraces to a key support level and fails to hold, it can indicate a shift in market dynamics. In this case, we’re particularly interested in observing a retest and subsequent failure of a range at support. However, it’s paramount to acknowledge the inherent risks associated with trading. Always conduct thorough research, considering both fundamental market drivers and the broader macroeconomic landscape. Combine this analysis with your technical insights. Furthermore, implement sound risk management strategies to safeguard your capital. Disclaimer: This analysis provides a technical perspective on the U.S. Dollar Index (DXY) and should not be construed as investment advice. Tailor your trading decisions to your specific risk
TVC:DXYLong
by fxtraderanthony