DXY- New leg up after correction?In my previous DXY analysis, I said that, after the false down break, DXY could reach 103.50 zone and also break above the falling trend line.
The target zone was reached and now, considering the importance of this resistance, a correction could follow.
However, in my opinion, the medium to long term trend for USD has changed back to bullish and this correction should be used for selling pairs like: EurUsd, GbpUsd, AudUsd and NzdUsd
Dxylong
DXY swing long - back into the rangeDXY took out a key low at 101 with strong reaction back up into the range established in August-September 2022.
Idea: DXY will strengthen in upcoming months, pushing the risk on lower.
Target for lower highs is around 50% of established range, which for fans of Fibonacci retracement tool is around 0,618-0,705 of current range.
Target Price: 110-111
If we see strength around these levels, top of range or new highs will be on the cards.
DXY IndexDXY Index
On his way to 101.2 , after that he continues to climb to 107
US Dollar Currency Index (DXYUSD) Analysis, timeframe 1 day .
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🔔DXY is ready for Pull Back🔔As I expected, DXY broke the resistance lines , and now DXY is moving near the 🔴 resistance zone($103.80-$103.38) 🔴.
🌊According to Elliott wave theory , DXY completed 5 impulse waves at the resistance zone.
🔔I expect DXY to drop to at least the uptrend line in the next few hours.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
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Increase of DXY index after breaking the Resistance Line🚀Hi everyone👋.
💡The DXY Index is ready to break the resistance lines; one of the signs is Bullish Marubozu Candlestick Pattern .
🌊If we look at the DXY from the theory of Elliott waves , we will find that DXY is on the way to completing wave 5 (📚If DXY breaks the resistance lines, we can confirm the end of wave 4 📚).
🔔I expect DXY to break the resistance lines and at least go UP to the 🔴 resistance zone($103.80-$103.38) 🔴 in the coming hours.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-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.
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📈DXY daily chart pattern📉TVC:DXY
CAPITALCOM:DXY
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DXY closing in on key price point. My overall view on DXY is bullish, I think the month of August will show continued growth.
We are nearing the 103 price point which we could see a pullback from. If we break and close above the 103 price point and the wedge we could see a strong dollar for the future.
Keep an eye on the price in the coming weeks.
DXY LONG TERM TRADE SELLING
Hello Traders
In This Chart DXY HOURLY Forex Forecast By FOREX PLANET
today DXY analysis 👆
🟢This Chart includes_ (DXY market update)
🟢What is The Next Opportunity on DXY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
DXY Analysis - Weekly Timeframe (ICT)On the weekly timeframe it is more convincing that the last spike down was a sellside liquidity grab in order to start reaching towards the buyside liquidity, starting with the descending trendline.
I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous FVG/iFVG as support before heading higher. If price pushes higher into a weekly Orderblock residing above, then I would consider that the last line of defense before the DXY potentially making new highs.
I am excited about the possible setups based on DXY in the near future.
DXY 30Min Support and Resistance ZoneIn the realm of trading, every move matters, and the DXY 30-minute chart holds vital clues. Join us as we delve into the technical intricacies, uncovering the critical support and resistance levels that can shape trading decisions.
Support Levels:
101.7016: The primary foundation. A bounce from here could trigger a potential upward move.
101.5525: A step deeper into support. Watch closely for possible shifts around this level.
101.3313: The lowest support. If breached, it might hint at a more significant trend change.
Resistance Levels:
102.4500: The immediate challenge. A breakthrough here could pave the way for further upward momentum.
As always, keep in mind that markets are dynamic and can change rapidly. These levels are guides, not guarantees. Consider broader market factors, and use these technical levels wisely in your trading strategy. Stay vigilant and happy trading!
75: DXY's Reclaimed 102.6: Eyes on Long Positions around 102.4Greetings, traders! 📊📈
A new chapter is unfolding in the world of the DXY (US Dollar Index) as it resurfaces above the 102.6 mark. This resurgence has ignited discussions about potential long opportunities near the 102.4 region, presenting an intriguing prospect for those closely monitoring this market movement.
🔀 Shift in Dynamics:
With the 102.6 level now back in play, the landscape is shifting. This pivotal juncture, now functioning as a support-turned-resistance, signals a renewed bullish sentiment. Coupled with the proximity to the 102.4 zone, previously holding as a support, the stage seems set for potential long positions to come into play.
📉 Analyzing the Context:
For those considering a long play, it's essential to stay attentive to the prospect of a pullback toward the 102.4 area. This could be an opportune entry point, especially if accompanied by encouraging bullish confirmations such as robust candlestick patterns or indicators signaling an upward trajectory.
🎯 Strategizing for Profits and Risks:
As you craft your long strategy, mapping out profit targets around significant resistance levels or recent highs is prudent. Pair these targets with a well-placed stop-loss, likely positioned below the 102.2 level, to mitigate risk and cushion against potential adverse market movements.
📆 Event Sensitivity:
Maintain vigilance over forthcoming economic events or announcements that might sway the DXY's course. These factors, combined with the broader market sentiment, can play a pivotal role in shaping the outcome of your long-trade scenario.
🚧 Ready for Contingencies:
In the unpredictable realm of trading, having a contingency plan is a must. Should the DXY falter and dip beneath the 102.4 support, being prepared to reassess and recalibrate your trading approach is crucial.
📖 Unending Learning Journey:
Remember, the path of a trader is one of perpetual learning and adaptation. Take advantage of this opportunity to refine your technical analysis skills and deepen your grasp of market intricacies.
Disclaimer: This post is intended for educational purposes only and should not be construed as financial advice. Always conduct thorough research and seek guidance from financial professionals before executing any trading decisions.
Wishing you all success on your trading endeavors! 🚀📈📊
⚠️DXY will go DOWN(Short term)⚠️As I expected in the previous post, DXY reached the resistance lines.✅👇
💡If you look closely at the chart, you will notice that DXY is moving in an Ascending Channel .
💡It seems that DXY failed to break the resistance lines.
💡Also, we can see Regular Divergence(RD-) between consecutive peaks.
🔔I expect the DXY will go DOWN at least to the lower line of Ascending Channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-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.
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DXY Hits a 3-Week High Following Fitch US DowngradeBrace yourselves because the DXY has just hit a 3-week high, thanks to the recent Fitch US downgrade. Talk about an unexpected twist, right?
Now, let's dive into the details. Fitch Ratings, the renowned credit rating agency, has downgraded the United States' credit rating, causing quite a stir in the market. As a result, the US dollar has emerged as a haven for investors seeking stability amidst uncertainty. Isn't it fascinating how the market reacts to unexpected events?
But that's not all! This turn of events presents a golden opportunity for traders like you to capitalize on the situation. With the DXY soaring, it's time to consider going long on the US dollar. By doing so, you can potentially benefit from its current haven status and ride the wave of this unexpected surge.
So, here's your call to action: seize this opportunity and consider going long on the US dollar. Keep a close eye on the market trends, analyze the charts, and make informed trading decisions. The profit potential is knocking at your door, and it's time to answer!
Remember, surprises like these are what makes trading so thrilling. Stay vigilant, stay informed, and don't hesitate to take calculated risks when the market throws unexpected curveballs your way.
As always, please conduct thorough research and analysis before making trading decisions. Market conditions can change rapidly, so staying updated and adapting your strategies is essential.
What do we expect from the DXY index this week❗️❓🚀The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻.
💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA .
💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a Bear Trap.
🔔I expect the DXY to have a bullish trend this week and ⚔️attack⚔️ the resistance lines.
📚In general, I try to show you all the points of technical analysis on the chart, which also has an educational aspect(I apologize for the busy chart).📚
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-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.
DXY: BTC 2018Hi guys, i just want to share this simple and useless idea.
Many claim Dxy (Dollar) can rise again.
Obviously i don't know, but looking at the pattern that Btc created in 2018, seems to fit with Dxy know.
Is it this a possibility to range for some months and then go down? Yes.
Can i be wrong? Of course, but i doubt Dollar can rise magically towards new highs in this scenario.
Let's see.