Dollar index has a upward direction temporarilyDollar is creating a regular flat pattern.
The wave is within is upward.
Therefore before more collapsing, it maintains its upward direction.
Dxybuy
BULLISH DXYDXY has bottomed out around the 89.50 level and has continued to grind higher since. The next level that we took out was the 89.90 level which now acts as support and the upward trend line and pivot area. I expect a move higher in the dxy in the coming weeks and therefore I will sell the rallies in EURUSD and AUDUSD and buy the dips in USDJPY.
Good luck!
DXY Idea on 16 June 2021 #H4As we see dxy chart on 16 June 2021, after dxy finish running on flat price range between 90.400 - 90.600 from 13 June to 16 June, As FED meeting would affect the interest rate and US Dollars.
Trading plan, Wait for break out Flat Range and long at retest around 90.600 Target 90.800-90.850
DXY Full Analysis And How To Trade USD Pairs In The Next DaysThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DXY New Analysis And What Will Happen With Non Farm Payroll NewsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DXY is going to MoonAs we can see in the picture, DXY has successfully and strongly broken out the trend line, which is giving an opportunity to buy it.
DXY - What Is a Head And Shoulders Pattern?What Is a Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
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DXY New Analysis This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DXY upmove will decide the top on stocksHello everyone,
Most important week of the year is here, the next upmove on the dollar will decide the top of stocks
Then the 2 wave will start the correction from the downmove on stocks and gold /silver
3 wave will be the impulsive which will crash stocks and send gold to 1400 target
This is my view, Good luck everyone
DXY- To continue its correctionAs I expected, DXY broke above short term wedge resistance and reached my first target.
Now the index looks determined to continue its upward correction and 92 could be the target for such a correction.
In my opinion rallies in EurUsd, NzdUsd, AudUsd should be sold, and also a buy trade for UsdCad could be a good choice
