DXY on the way to destroy Resistance lines⚔️!!!The DXY index has managed to break resistance line 1.
It is expected that wave 3 can break the resistance line 2, and finally the impulse wave 5 will end near the 🔴resistance zone($103.6-$103.3)🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1h-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dxyanalysis
DXY AT IMPORTANT RANGEHello friends, today Jerome Powell indicated that they should increase interest rates further more, they said same thing last month but it didn't give much strength enough to DXY enough, so I expect such a move which I have indicated in the chart... and J Powell speech indicates that there's loads of supply of US dollar in the market, and to make US Dollar strong, they should lower down the dollar note printing... and they have to lower the supply of US Dollar.... this indicates that US dollar supply is high, which means collapse of DXY... and I expect US dollar crash anytime soon, and I predict that it may happen after NFP report on 10 March...
Hope y'all wellness....
DXY : Short Trade , 1hHello traders, we want to check the DXY chart in the 1-hour time frame. The price is moving in a downward channel and after breaking the key level of 101.900, it has pulled back to this level. We expect this level to act as a resistance level for us. Play and maintain the downward trend of the price and drop to the next key level around the price of 100,900. Good luck.
#DXY- BUY XXXUSD to catch Big Moves!!Dear Traders, following yesterday data on NFP we have now identified that USD pairs will be bullish for longer time as fear of recession has risen again, from negative NFP to increasing tax on Capital gains, everything indicating towards a negative DXY; we also have CPI next week which will be interesting and important for the investors and traders. It will be better to leave USD pairs alone on Monday where we will have a better understanding of the price action.
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DXYThe last bottom is really important to change or continue bearish trend. As you know we need DXY to analysis most of the charts so we should know DXY trend. If price break down the bottom it can continue and cause to break and change most of my analysis. if price turn before the last bottom, it can go up to around last top and all of my analysis is true, and you can use it. if price touch bottom line and turn to up, we should analysis DXY with next wave to change analysis DXY and other charts.
DXY might see bright days in AprilWhat we are looking at in this chart is the technical analysis of where $index might be heading for the upcoming days. Now let us analyze the technical signs first then try to extract a tangible conclusion:
1- We have touched a demand zone that was formed recently during March, 2023
2- After bouncing off a recent high near ~106, a downtrend channel movement was observed. Which was broken a few days ago and today it almost got retested and now the price is showing rejecting off of it
3- A prominent bullish convergence can be seen on our RSI, which is leading us to believe that DXY might go bullish in the upcoming days
4- MACD demonstrated a golden cross in the start of the month but it changes quite often so we will wait to see if we get a golden cross again to further support our claim of bullish ahead for DXY
5- After breaking out of the downtrend channel we have observed the price moving in a wedge consolidatory pattern, DXY golden April will find more support if that wedge gets broken high
These were the technical aspects I could extract off the chart as of now. These indications portray that DXY might turn bullish for the remaining April 2023.
I will publish its targets once it confirms by breaking higher than consolidation zone
Note: The analysis invalidates if the purple demand zone gets breached!
Hint: You may link this analysis to your trades in other instruments like Gold, Silver or any other instrument that gets the impact is the relative strength of USD changes in the market.
Best of luck and happy trading :-)
[DXY] short term bearish (but long term bullish)In daily TF, the price structure shows the beginning of a correction after a rise of about 28% (from the support 90), confirmed by a triple top of DXY, a MACD triple top and a bearish divergence of RSI.
In monthly TF, we have a strong uptrend due to a huge bullish divergence and a triple bottom.
DXY 04 April Next MovePair : DXY Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame as an Corrective Pattern with the Breakout of the Lower Trend Line
Selling Divergence
Completed " 1234 " Impulsive Wave
Break of Structure
Symmetrical Triangle in Short Time Frame and Breakout the LTL and Completed the Retracement
Impulse Correction
Rejection from Fibonacci Level - 38.20%
DXY Weekly CloseOnly a personal opinion - DXY Weekly
Seems positive for the USD today; look out two weeks, and it can still remain around the 102 level.
It will be sideways in the area 102-103 for the following week, now attempting to go to area 103.
If it break, the area 103 will continue to the area 104,448.
Perhaps the usd will receive some good news.
The DXY is trying to fill the Gap🚀!!!DXY completed its zigzag correction(5-3-5) near the Price Reversal Zone (PRZ).
DXY will move towards filling the gap after the downtrend line breaks (at least the growth that DXY can do).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1h-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY FALL INCOMING! xxxUSD to SPACEDXY us currently BEARISH and we are only look for SHORTS here.
How does this help us trade the market?
RULE - DXY goes DOWN, xxxUSD go UP
CHEATSHEET - Your xxxUSD trades will not move if DXY isn't ready for that big impulse legs
I make sure when I take SUD trades that day is in full support of the direction am taking.
I won't get in on any new xxUSD LONG if DXY hasn't reached the UB (Upper Band ) on the H4.
We already have the EMA CLOUD, so every UB will be a badass impulse trigger (Learn the HOOD SUITE SYSTEM)
I will be on full throttle LONG on xxxUSD (check for NOTIFICATIONS to see which of the USD pairs we will be attacking) when DXY reaches the UB on H4 as the next impulse leg should kick in from there.
INVALIDATION - IF we get a close on the PREV HIGH level then we will chart a course for the next move when that happens.
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
DXY Trading Plan - 30/mar/2023Hello Traders,
Hope you all are doing good!!
I expect DXY to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.