DXY Chart H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Dxyforecast
DXYI think it's ABCDE correction from big wave 4 of wave C. what do you think? share your idea with me please.
DXYas I said on last weeks .. DXY still keeps the premises of forming a pattern that it has been following since May 2020!
...as I analyzed ... DXY rejected from the 94500 area and closed over 95150 from where it climbed to the target proposed by me ... 96400!
THIS WEEK... as I analyzed last week, DXY hit my 96400 target from where it rejected!
In the next period I will try to play between 95100-96700 until the first closing outside this area
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
Clear skies ahead for the DXY.The DXY looks set to continue to trade in a ranging motion to the upside as this is a historically messy region. It is likely that the price will continue to trade in a random walk manner with no clear direction until it breaks out of the 95.8 to 97 range. My guess is that it will break to the upside for the final wave 5 impulse so look out for that. I'd cautiously long the DXY at these levels, otherwise a larger entry on a pullback or entry on a breakout would be much preferred.
DXY Chart H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DOLLAR INDEX Update....SELL...NOW
This week DXY chart Hopefully Create ab=cd pattern. So, that
If breakout 95.858 support zone then market goes to 95.300 & 94.00
support level. If break 96.300 resistance level then market
seems buy to 96.888 resistance level.
DXYThe weekly price chart below shows the U.S. Dollar Index printed a small bullish pin bar last week, as the price continued its consolidation between the support level at 12086 and the resistance level at 12293. The price is obviously consolidating but there is still a long-term bullish trend in force, with the price higher than where it was 3 and 6 months ago.
If the support level at 12086 continues to hold, the long-term bullish trend will be likely to resume.
Overall, it seems clear we still have bullish picture in the USD over the long and medium terms, but in the Forex market the greenback may not be the main driver of prices right now. It may be a better time to trade currency crosses not involving the USD.
One more drop before Take Off??Hi Traders,
Friday's volatility caused some massive sell offs across the board, especially with JPY pairs. The US dollar gained some momentum but in my opinion, it's short lived. We had a strong Impulsive push down from the upper boundary of the ascending channel and now price has sinve been consolidating which I feel will drop to the previous low before heading to the mid 97.00 range.
Anything can happen, follow your trading plan and trade safe.
Comment below and share your view on this pair! Click the like button if this helps you!
Wave 5 impulse coming for the DXY.The final impulse move is incoming for the DXY, there will be pitfalls a long the way but once it breaks the 30 Jan 2022 top, it's clear skies ahead. We want to buy every dip before it breaks the top and start selling our positions at around 100.
DXY EXPLAINED 📉📉📉🎯 DXY - USD Index
USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term perspective.
🎯 DXY has two correlations one of them is positive meaning the certain assets moves like DXY and negative corelation meaning certain assets move exactly vice-versa.
✅ DXY Positive Correlations
DXY ⬆️
USDCAD ⬆️
USDJPY ⬆️
USDCHF ⬆️
USDRUB⬆️
USD XXX ⬆️
✅ DXY Negative Corelations
DXY ⬆️
EURUSD ⬇️
GBPUSD ⬇️
AUDUSD ⬇️
NZDUSD ⬇️
From a technical standpoint to have a better probability in your trades try to find entries when both DXY and for example USDCAD are in long poi (point of interest) this will increase your chance of having profits as you use inter-market correlations
DXY Chart H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY LONGS 📉📉📉📉 Expecting bullish price action on DXY as price is being in a bullish market strucuture on a HTF premise, if price rejects 95.000 instituional figure area + bullish orderblock on d1 we will see DXY bullish way above 97.000 / 97.500 this month.
What do you think? Comment below..
DXYIf you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DXY Chart H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY-U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a large bearish candlestick last week, establishing new lower resistance levels at 12215 and 12257 (the latter looking more reliable). This represents a bearish retracement following last week’s highest weekly close seen in 18 months. The price is also potentially supported by the support level at 12174.
If the support level at 12174 continues to hold, the long-term bullish trend will be likely to resume.
Overall, it seems clear we have a very bullish picture in the USD over the long and medium terms, so it will probably be wise to trade in the direction of long USD over the coming week, at least in the Forex market. In other markets, it is likely that the USD will not be a key driver of price movements.
it's isn't just the future of the dollar, it's about all fiats0.61 5-i=99.18
0.78 5-i=108.4
butterfly harmonic pattern:
X=68.29
3-4=0.78 X-3
4-5=0.88 3-4
0.61 5-i=99.18
0.78 5-i=108.4
0.78 4-5=85.85
0.88 4-5=82.23
0.78 X-3=78.34
0.88 X-3=73.47
1.6 4-5=60
1.27 X-3=57.35
1.6 X-3=2.24 4-5=45.9
_DXY forecast in new upcoming weekhello everyone, I hope you had enjoyed the weekend
as we know last week the Us dollar lose interest in the market and broke support at 95.58. now in the 4H time frame, the market has to test that old support (new resistance)
around that level, we have an inside bar and we have to wait for it to break down and then we have a 60% chance to rich to lower support as 95.14 and next 94.79
and I will be glad to share your opinion with me.
have a nice trading week and trade consciously.
DXYWave 5 of 3 is probably over, if it's true, we have ABC correction, it's not true, the price come back to up from here.
Still looking for that wave 5 for the DXY!We are still waiting for the wave 5 to come for the DXY, at this levels we want to wait for another dump to come before riding the price up to break the top and beyond. This dump should break 94 and even 93 before the upside comes. LFG!
DXY Chart W1Here is weekly Analysis for DXY on W1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY- Is this a double top?After reversing from the very strong confluence support at 94.50, DXY made a new high above 97.
However, what should have led to continuation proved to be a false break and we have an Evening Start candle formation which marks strong resistance.
Yesterday the index also has broken down under the ascending trend liner and now is facing support on what can very well be the neck-line of a double top.
A break under this support would give us confirmation for the pattern and could lead to further losses towards 92 support.
DXY (US-DOLLAR) testing a potential reversal-zoneHey tradomaniacs,
What a wild ride today in the market.. I can just shake my head as we`ve seen a complete whipsaw with the US-Session.🙈
Yep.. its monday and the last day of the month which is often shaky, especially now ahead all these events.
Looking at DXY (US-DOLLAR-INDEX) we can clearly see a re-test of a strong support-zone which is getting tested right now.
The S/H/S-Breakout got faked during the london-session, which was for me a great evidence for a long. After that we`ve seen a fakeout above the secondary trendline of the head and second shoulder and so a break down with risk-on in equities.
DXY: ELLIOTAs the Fed's policies are clear, as well as the coronation of the Omicron, the central bank is forced to pursue more contractionary policies to curb inflation and force interest rates to rise. The dollar index is expected to continue its upward trend and reach the top of the channel.
