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Dxyanalysis

DXY - Febuary Price Action Analysis on the DailyHi guys. As everyone knows DXY is inversely related with all RIsk ASsets. We've seen the major markets and crypto start consolidating and falling in price. As the Dollar rallies. This is on the Daily timeframe. Ive drawn 3 trend lines which i followed closely to make sure i take profits in my trades across the boards. First line we broke was the white trend line. Which pushed us to the next line, the red line. There was tremendous momentum seen with the size of the candles, especially the size of the one that broke out MASSIVE! We fought that for a couple days and ended up breaking through to get to the last trend line, the Orange line which coincides with our downtrend from the September highs. This indicates we may have changed trends from downtrend. Our next target is the white horizontal resistance line . Watch how DXY reacts here. ~Im in the camp that we will get rejected here in the short term when we reach.~ BUT if it consolidates around it, like price action did with the red line, it can break through. ANd come down to test support on either: 1. On yellow horizontal line 2. Or the Orange slanted line Indicator: Also if you notice the RSI, as we were breaking the white trend line, it broke above the yellow moving average with force, and created a higher high from the previous high of the RSI. This also show cased that we would move further up in price and break the red trend line. We are also getting to overbought terroritory on RSI marked by the 70 level or dashed line. And We've been above the yellow MA for some time now, eventually to come back to test it and move below it which would possibly coincide with when the broader market stops consolidating. This can also coincide with not breaking the white trend line in the shorrt term. Lets see whats up! Hope this made sense. Please comment, like and follow! Check out my other dxy ideas LINKED BELOW. Let me know what you think and where the market is headed! Thanks. Disclaimer: This is not financial advice and i am not a financial advisor. This is my opinion based on TA.
TVC:DXY
by SafofAllTrades
USD Index Targets 104.820 After US Federal Reserve Meeting?We have learned that almost all US Federal Reserve officials backed a 25-basis-points rate hike at the last FOMC meeting held on January 31 to February 1. Only a few officials favored a larger 50-basis-points hike at the meeting or said they "could have supported" it. Even so, many more dovish sentences were spoken in the latest meeting than compared to the December meeting. Although, officials did not go as far to consider a pause in rate hikes. The only time this topic was broached was in reference to foreign central banks and their potential strategies. Of course, the meetings also showed the obligatory note that, although the rate hikes have started to ease inflationary pressure, officials agreed that there was much more work to do to get inflation under control and were definitely aware of the risk of not doing enough, so the drip of dovish language will likely continue for some time before a dovish outlook overtakes a hawkish. Especially, because the meeting took place before the release of the hotter-than-expected jobs and retail sales data from January. This might go some way in supporting the USD in the short to medium term. Looking at the DXY after the release of the minutes, it looks to have helped the USD index push into the mid 104s, where it is encountering some resistance. The index only has to break into 104.700 to eclipse its recent one week high and return to its month high. A target above this range could include 104.820, which aligns with the 200-EMA and some peaks reached in January.
TVC:DXY
by BlackBull_Markets
1
DXY Chart Analysis.... DOLLAR INDEX MY VIEW- N.B- In this situation DXY chart create Bullish Flag Pattern's breakout @104.360. resistance level, then market Buy UP to 105:000; @ 105.500 and 106:000 resistance level. Then market need seems sell correction to nearest Support 105.500 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:DXYLong
by AronnoFx
2
🥇Gold🥇 Analyze [Road map!!!🗺️(02/17/2023)]To analyze the chart of gold, it is better to start from the weekly time frame so that you can have a better view of the 🗺️Gold road map🗺️, so I suggest you pay attention to the chart below for a few seconds.👇 Now let's go to the Gold 8-hour time frame that I shared with you a few days ago; Gold ran through the zigzag(ABC) corrective structure as I expected.👇 Now, to make sure that the zigzag correction is complete, we go to the 1-hour time frame; as you can see in the chart of this post, microwave 5 of microwave C of the main wave 4 in PRZ seems to have been completed. To ensure the end of the main wave 4, it is better to wait for the downtrend line to be broken in a valid way. Gold Analyze ( XAUUSD ), 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 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.
OANDA:XAUUSDLong
by pejman_zwin
5
DXYWe see the breaking of the trend line with a higher slope, due to the breaking of the 102.2491 range It can be expected to be touched around the second trend line with a lower slope. 1-102.7198 2-102.2491 3-101.3775 Objectives based on pivot points: 1-104.7767 2-105.3868 3-106.1712 It is not necessary to touch all the targets. If you have the confirmation for the negative divergence and the above candle, you can get the confirmation of entering the upward trend from the bottom time.
CAPITALCOM:DXY
by maryammh
DXY Pre-market Analysis Daily TFBased on my analysis, DXY broke out of its previous descending bearish channel last week, and I'm currently anticipating a sustained bullish trend in the coming days or weeks. I have identified specific price levels as potential targets, which are shown on the chart. However, if the market retraces back into the bearish channel, this could potentially invalidate my bullish outlook, and I would need to reassess the market's direction. What's your oipinion on this? like and comment below
TVC:DXYLong
by Popeson
4
End Of The Dollars Plummet?What you see here is a larger time frame analysis of the overall price action of DXY(dollar). Price has moved away from previous major resistance and is now showing bullish price action and is now showing resistance at a price area that previously caused a strong sell of (supply). Price will consolidate here before choosing a direction which I believe will be to the upside. Wait for break of yesterdays manipulated high for entry with stop below the red supply line.
TVC:DXYLong
by CJITM
#DXYCurrently, we are in the process of completing a correction space, there are three areas: 1-103.037 2-102,863 3-102.719 It was based on a combination of percentages of fibrizing waves with pivot points. The range of 102.719 is located in the vicinity of the static support range of 102.634 and provides suitable conditions for the upward trend. In case of failure of 102.634 support, we can finally estimate the completion of an ABCD pattern according to the current conditions. (There is no certainty that all targets will be touched.)
TVC:DXY
by maryammh
1
DXY is set for a rise!Currency Pair : DXY Possible direction : Bullish Technical Analysis : After market opening DXY has broken out the resistance with strong liquidity grab from the strong support zone. it is highly likely price will continue to rise as long term trend is bullish and we have seen multiple liquidity grab along the way Possible trade recommendation : Bullish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:DXYLong
by ForexWizard01
Dollar Index Chart Analysis.... In this situation DXY chart create Bullish Flag Pattern.So,If breakout @103.777 resistance level, then market Buy UP to 103:999 ; @ 104.720 and 105:600 resistance level. Then market need seems sell correction to nearest Support 104.950 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:DXYLong
by AronnoFx