Dxylong
DXY EXPLOSIVE MOVE (LONG)= xxxUSD CRASHDXY is currently showing sign of strength from the BULLISH breakout we had last week, now we expected another explosive move to the upside.
DXY LONG = xxxUSD crash
INVALIDATION
If by any chance DXT goes below 101.360 that invalidates the BULLISH break, close all LONGS when this happens.
TARGETS
Overall TARGET for DXY is 200EMA on the D1
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
DXY short to mid-term analysis (Update)This post is an update to my original post few weeks ago where I presented the case for DXY bottoming out. Following is the link to that, please go through it to understand the context.
On Thursday DXY closed above 34( Red )EMA, on the daily, as mentioned in previous post, it a sign of strength and possible breakout, and we did breakout the following day and closed much higher.
I expect this breakout to hold, and the rally should continue for a while.
We can come down and flirt with 13( Green ) and 21( Blue ) EMA's again, this happens until 13 and 21 EMA's start moving up and crosses above 34 EMA, when that happens and sustains for few days, that's the confirmation of bull run and that's the most likely scenario.
Fundamentally also, we have reasons for Dollar gaining strength in short to midterm, mostly because of Hawkish Fed and no intention of stopping rate hikes in the coming months, with each upcoming rate hike DXY should keep pushing higher. We also have indications of a stronger than originally expected US economy and decreasing unemployment as contributing factors adding to DXY's strength.
Now talking about targets, The Boxes in my chart are very strong S/R zones going back months and years. So, the next zone of mid-size resistance for DXY is 103 price level, where I expect some retrace, then the big one is 104 which may cause a pause in the rally and some consolidation for big retrace.
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usdcad analysis for this weekHEY TRADERS!! are we ready to have another Successful Profitable Trading Week!! i know i am so ready for what this week has to offer us!!
as i stated last week, i was waiting for usdcad to come down a little lower to mitigate the imbalance there was shown on the higher time frames..
how ever price action started to show signs of sellers being exhausted on friday and with the weekly opening up as it has, i will be anticipating usdcad to rally here!
now this happens to coincide with my analysis regarding the DXY from this past week ( we seen the DXY coming down to a significant support and then price action started creating higher lows and is what i believe to be on its wat to creating those higher highs we want to see at this area!!
Disclaimer - past profits don't guarantee a future result, trading is risky and one can loose some of or all of their invested trading capital!
Information shared is for EDUCATIONAL and DEMO PURPSOES ONLY
USDJPY Long- Fair Value GapThe USDJPY currency pair has demonstrated a recent uptrend, characterized by bullish price action. As a prudent investor, I awaited a retracement to a level where the market exhibited a disparity between buyers and sellers, commonly referred to as the fair value gap (FVG). Subsequently, I aligned my investment strategy with the prevailing market trend and executed a long position to capitalize on the ongoing bullish momentum.
DXY 1H(DXY) rose above 101.51, above the MM100. Should the DXY close the day above this level it could break the bullish channel and head towards its next resistance at 102.215
Meanwhile, RSI indicator on the daily chart rose slightly above 80, pointing to exhaustion on bullish momentum.
If it fails to break through the channel, sellers may show interest and drag the DXY to its support at 101.2, a strong support and psychological level.
Let's keep an eye on the economic agenda today, today's April PI may further reinforce this narrative of a pause in the Fed's rate hike next, and today's weekly jobless claims are expected to remain flat.
Key support levels: 101,517 / 101,207
Main Resistance Levels: 101,941 / 102,215
MM100: 101,517
DXY (Institutional price action)hi dear trader
see this price action , dollar curency index forming FLAG A + FLAG B on this chart
Institutional price action is a forex book legend support resistance line high ll lower low hh higher high lq liquidity supply zone demand zone qm quasimodo institutional price ...
see what s happen after tomorrow release CPI
good luck
The 🦈Shark🦈 Harmonic Pattern is a sign of a bullish DXY🚀DXY seems to have successfully broken the descending channel and is currently completing a pullback to the upper line of the descending channel.
Also, it seems that the Bullish 🦈Shark🦈 Harmonic Pattern can be formed in the 🟢support zone($ 101.96-$ 101.9)🟢 and near the support line and play the role of pullback.
I expect DXY to rise in the coming hours with the help of a Bullish 🦈Shark🦈 Harmonic Pattern and at least grow to the resistance line.
U.S.Dollar Currency Index ( DXYUSD ) Analyze,15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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DXY - U.S Dollar Index LongDXY is in the support zone that used to be a resistance level from January 2017 and March 2020. a resistance level for 3 years. If the 100 -102 support doesn't get broken we are now looking at our new support and the U.S Dollar index can give us another bullish scenario. The new resistance would be September 2022 High 114-115.
DXY: The Nail in the Coffin? Quarterly ChartThe US Dollar is holding 1997-2000 prior resistance, as support. We have a breakout of a downward slope, retest of the trend line, and now retest of the most recent double top (2017, 2020). We all are watching Gold test the 2000 area, but what I don't see often is a technical pattern analysis of the US Dollar. As the dollar rapidly deflates, we will transition into a Stage 1 market cycle, Bond prices will have to increase to offset deflation, while interest rates remain high. I am not a fundamental trader, but this exact same TA setup is the reason I took AMC from the breakout to $50. Patterns repeat themselves, that's why they are called patterns. They may only work because people think they work, but you can't bet against them. DXY holding 100 area through next FOMC meeting will be a sign to me that recession declaration is imminent.