DXY Index Monthly Move ??Pair : DXY Index
Description :
Bullish Channel as a Corrective Pattern
Break of Structure
Breakout the Consolidation Phase and Completed the Retracement
Rejecting from the Fibonacci Level - 50.00%
Divergence
Dxylong
DXY LONG PLAY 13-02-23 (Daily)I have been bullish on DXY for a few weeks now, I'm targetting consequent encouragement on the large upside wick on the weekly chart. The previous target was filled perfectly.
Golden cross for DXYIs golden cross gonna take place on DXY 200 ema?
Short continuation for crypro..
Dollar Index Chart Analysis....
In this situation DXY chart create Bullish Flag Pattern.So,If breakout @103.777
resistance level, then market Buy UP to 103:999 ; @ 104.720 and 105:600 resistance level.
Then market need seems sell correction to nearest Support 104.950 level.
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DXY BullishDollar is looking incredibly bullish.
This rhymes with my overall short outlook. Stocks look weak, commodities look weak, oil looks weak, cryptos are on the verge of total disaster. All very interesting (assuming it continues and heads deeper) considering where we are in the world. As far as the effect on the market - be careful, because if you fomo-ed long into stocks last week, a spike in the dollar is probably going to sting.
Kinda nauseating. Anyway I think this is a good place to maybe expect DXY to spike higher. We will monitor!
God bless!
US Dollar Index - Looking To Buy Pullbacks In The Short TermD1 - Price respected a strong support zone and is bouncing higher.
Bullish divergence.
H4 - Bullish divergence.
Higher highs.
Downtrend line breakout.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Buy on DXY DipStrong bullish trnd on current Dollar index.
Buy on the dip of the rally.
And take short term profit before the swing high.
DXY update - Staying flatDXY started strong today, leaving the rest of the markets weak... Added a second scenario, as DXY moved above January open...
I'm flat now... Waiting for a clean shot when it becomes more clear what the BIAS is going to be tomorrow...
- No trade is also a winning trade -
DXY - Dollar In the middle of October I suggested to short the dollar in this post:
Unfortunatley didn't have time for an idea to post. A few days ago I closed the short positions , and now I think it's very possible the dollar will print a rally in the following days.
The FED's rate hiking cycle pushed the dollar above 114 in the summer, but in October the market started to price the end of the aggressive rate hiking cycle...
The dollar collapsed in a few weeks breaking every level almost without stops.
At 101 finally we found a support.
101 was the bottom of the 2022.05.30.correction :
and this is also the 50% FIB retracement of this 2-year-rally.
The chart is not giving too much sign of a reversal yet, only MACD is showing divergence,
and trying to cross over. Ahead of the next week FED meeting I think we a have good chance for a dollar rally.
DXY moving up to weekly resistance zoneDXY hit the monthly support and bouncing off of that. It is likely that it will reach to the weekly resistance 1 as marked on the chart and there it shall be pushed back down.
DXY, watchout! DXY is at higher WMA, I believe this is time we saw slightly retracement at Crypto and Stock market
I am anticipated that it will be bearish February, sideway March and then April we go green again!
DXY LONG PLAY 06-02-23 (H1)
The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
DXY LONG PLAY 06-02-23 (H4)The weekly close was very bullish , this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
DXY LONG PLAY 06-02-23 (Daily)The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
#DXY- LONG-After last week NFP data and recent CPI data has weaken DXY, however, we are expecting a smooth reversal at our area.
-The fear in the market has led DXY suffer heavily.
DXY strong to the upside after FED meeting...DXY moving to the upside due to the interest hike by the FED, it means USD getting stronger, look for bullish for USD Pair at least for a week.
USDCAD - Bullish - as USD Strong, CAD (USOIL) will be traded to the south due to the slow demand as Operational Cost will be increased (USD).
USDJPY - Bullish - JPY so sensitive with the interest hike
Dollar Long BiasHey traders, here is the analysis for the USD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Dollar will longPowell confirmed his expectation that the central bank will raise interest rates (at least) two more times, but his acknowledgement that “the disinflationary process has begun” has given traders more confidence that those will be the last two hikes of this cycle and that the Fed will be on hold midway through Q2. Meanwhile, his repeated focus on “core services ex-housing” provides a clear inflation metric for traders to watch to evaluate whether what the central bank will do in the coming months. Here this is not actually FED dovish but not hawkish.
US labour market performing very well; Yesterday JOLTS Job Openings 11.01M from 10.44M, Tomorrow NFP data with Publish; Technical chart says Data Will be Favour for Dollar.
Dollar now create a bullish butterfly pattern from 100.5xx or Fibonacci 1.42 support.
Might FED INTEREST RATE be POSITIVE for the dollar???The USD INDEX might be ready for a buy after a break of a trend and a retest ahead of FED INTEREST RATE DECISION
USD preparing for tomorrow's FOMC...Protect yourselves from volatility, CRYPTO may have some better entries tomorrow ;P
things could revisit the 200ma 4hr or 21 ma daily. DYOR
long USDSGP , USDJPY...
short AUDUSD ;)
Pre-fed DXYThe noise pollution for the market is extreme this week, from interest rate announcements to non-farm payrolls and manufacturing PMI's. Based off technicals, the dollar is looking rather perky at the moment. The DXY seemed to find support off its 61.8% Fibo retracement level, from the 2022 gains, of 101,841. I suspect a move higher towards the 50-day MA level of 103,950 is on the cards. This level coincides with the neckline as well as the 50% Fibo retracement level of 104,184. A break above this resistance range between 103,950 and 104,184 will allow the greenback to test the blue zone between 105,092 and 105,690.
The RSI has bounced out of the overbought zone and the daily MACD indicator is currently holding a buy signal which is dollar positive.
DXY to gain strength over the next months.Falling wedge formation chart. Moving into a higher volatility environment for the next few months. Inflation numbers should continue to fall quickly, especially relative to other countries as the real economy feels the lag effects of the FED rate hikes.
