Dxybuy
DXY- Correction underway?A great volatility day for USD Index yesterday and, after opening with a gap up, the index fell in the afternoon and from a technical point of view, just filled the gap.
Now it seems like we have a strong base on 90 and slightly under and I expect a correction to follow.
Pairs that I have in focus for selling are EurUsd, NzdUsd and AudUsd
Scary Falling Wedge at Dollar Monthly timeframeAll fundamental news, Corona virus increasing massive across europe, how market is behaving lately, and all technical are setting up for one of the biggest recessions in history to happen, and we can see this at the dollar chart which is a clear falling wedge at my view, preparing for a massive move, we need patience, but it will happen, elections might trigger this move
DXY- more and more bullishTwo days ago I said that Dollar Index is bullish in my opinion and the recent drop is just a correction before a new leg up.
The marked has confirmed this outlook and now the index is above short-term support.
Sell rallies on EurUsd, AudUsd, NzdUsd and GbpUsd is my strategy for next week
DXY preparing for a rallyDxy just made a correction, preparing for a bigger move to the upside, if we break downside, it will make a lower low to prepare for even a bigger move than expected
Get ready to add buy positions, watch lower timeframes to do it, good luck everyone
DXY could go UPHey tradomaniacs,
looks like DXY is breaking out finally.
If the retest confirmes this breakout we can short EUR/USD as its showing an S/H/S-Pattern.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
DXY W4 MAY 2020DXY
Long Setup
The US Dollar is still range bound in this area. Buyers respecting the ascending trendline and sellers are also respecting the supply zone. Clear rejection off the ascending last week, more strength is anticipated in this index
US DOLLAR CURRENCY INDEX (DXY) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
DXY Weekly Market OverviewDxy chart looking at the daily it is a pretty tricky one here because last week we had a break to the downside and we have a break to the up side and a very very wide move, so this move to the downside and what happened was we're gonna see if this is a correction and continuation or if this was the impulse, And as we can see on the daily timeframe, Dxy did close back up above this important resistance and the support area so on
the daily and the weekly we have a close above that.So it is possible that the dollar keep pushing higher for another test to the upside,
and yes is it possible that we may see this as a possible correction and we move lower ,if we see a break of the trendline, so as for now we're seeing higher highs and higher lows on the four-hour time frame, and week we may see a continuation ,as long as we are above this trendline holding as support as it did last two times then we may see a continuation.
for a bearish move we want to see a strong break below trend line to really see that the correction is over and that the market fails to make a new high then we may see continuation.
otherwise it is still a possible continuation to the upside as far as we are above the trend line
***Comment your thoughts down below!
Forecast for the coming week #DXYSince last week the dollar broke resistance but failed to keep up the momentum, the dollar weakened and dropped back to support line 97.4.
The area where the dollar stops is also supported by the yellow line (200 moving average line).
The Stochastic is in a bullish position on the daily graph.
The dollar is trending up in the daily graph.
Bullish signal with a target: 98.3
DXY Weekly ForecastIf it does goes down strongly, it will confirm the bearish view and the top is in at least for the short term
Should find out in the next few sessions if usd bears have taken over
DXY: Swing-Setup! Follow the TREND!#ChanceBuyHey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement down to entry and buy!
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Type: Swingtrade
Buy-Limit: 97.70
Stop-Loss: 97.55
Target 1: 98.00
Target 2: 98.17
Point of risk-reduction: 97.90
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Where does the #Dollar go from here? #DXYWe analyzed the dollar last week and left the same sentence on the graph above, the only change is the question mark that became an exclamation mark, this is the reason:
The dollar broke serious resistance and so we thought that this is now the dollar is going to rise upwards and then suddenly there was a drop then we did not know whether this decline shows that it was a false alarm or not, as you can see the dollar returned very quickly to rise upwards and so it will continue in the same direction in the near future !
