Dxy Update Analysis After breaking the pattern, the price is in another range. If this range is broken, we expect the price to rise
Dxylong
BOTTOM for DXY (Updated)Updated with clear technical analysis. Price approaching near term downside. Apart of year end of 2022, a slower pace could be expect and uncertainties movement towards 2023.
WILL DXY GO UP ?Dxy was trending sideways last week.We are still waiting for Dxy to break out of the sideways trend and move up can it happen next week?
DXYDXY broke falling wedge pattern.
If it take previous resistance as support it will be bullish.
Fundamentals are also in favour of dxy.
So trade dxy pairs accordingly.
Please trade safe and must use stop loss.
DXY potentially going to push Stocks and Crypto down againThe DXY is looking like flipping bullish after a couple months of solid downtrend. Potentially bad news for Crypto and Stocks. Watching the purple line for a break before potentially shorting markets.
DXY going to perform classic chart pattern and correction
I think it is time for DXY to perform another top and confirm it’s double top for a mid term correction, if It falls more than it supply area around 89 then we should see more falling down. But according to overall fundamentals and technical analysis it is not something that we would like to see.
Anyway, I think another bull move to 111 is necessary and maybe a bit more than last high (around 114) to face divergence in RSI and then start its falling down correction for more than 4 to 6 months.
#DXY - Bull Divergence Building - Long SetupThe DXY is nearing a crossover 0 value on the Detrended Price Oscillator.
Bull divergence is present on the DPO
The Stochastic 34 fib lookback is oversold and refueled for launch.
Stop loss/Trail stop either use DPO crossunder 0 value, DPO crossunder bull divergence support line, or use the (TS) support line on the price action chart. Good luck
Excellent entry because we have such a tight stop loss minimizing exposure
DXY, Return and start growthDaily: The upward Falling Wedge pattern is successfully broken and starts a short-term growth. We also see a very strong positive divergence .
Upcoming targets: 105.650, 106.850 and 107.700
In the weekly time, a Pinbar candle has been formed, which can start a very strong upward trend. Hawkish Powell's words will also make the upward trend stronger.
So next week, we will see good growth.
Good luck.
DXY Analysis.DXY trying to break its major resistance by making Three White Soldiers and Bullish Engulfer.
Full analysis can be seen in Chart on 1 Hour time frame.
HAPPY TRADING FOLKS!
DXY LOOKS BULLISHDxy broken out the downtrend line , and as per elliott wave theory it looks like we have completed the ending diagonal ! let's have a pump on it
DXY Dollar Index - Gartley Possibly in line with Gartley BTCUDTGartley Harmonic possibly in correlation to BTCUSDT Gartley
Dxy Move next week?Hello dear traders, this is my view of the dollar's movement in the coming week, everything is shown in the drawing
DXY LongHi Traders,
Price attempted to break the channel. A push towards 106.5 will be a nice move to have.
Target Price : 106.5
Thank you and trade safe !
Do follow and hit a like or boost.. Cheers!
$DXY #DXY #Elliottwave Update Bullish Scenario.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXYThe dollar index looks long to me. We have corrected to a strong level of 103-104, from which I expect reactions with minimal targets in the form of 109.
The rhetoric of the Fed and the US government is restraining, their task now is to blow off the bubble and reduce the momentum, but do not forget that a lot of money is needed to fight China and support Ukraine in the war against Russia, I think next year we will see the launch of a typewriter. The dollar will strengthen until we see the launch of the printing press
What's next for dxyWe have a bullish divergence and falling wedge on dxy which is bullish sign for now.
In my opinion it's time to retest the broken support then we will see if we go into bear season or not.
That's what we will see unless there's bad news (good for stocks)
GBPUSD REVERSED AT MAJOR 50% FIB AFTER FAKE BREAKOUT TO SELL ??GU managed to reverse after giving fake breakthrough of 50 on fib which is what made me change my bias from original sell to a buy. Now back to original bias of sell. High risk on this one as the false breakout put account down a little . If trade goes right i will make losses back plus some. Should be looking at sells for the next few months/all of next year if all is right or until DXY reaches its top channel
DXY whats next?Hello Birdies,
We just clone the bars from point A to point B and after plotting it above the resistance line we found that DXY will try to tap both the imbalances which will get it as high as 133.
Seems unrealistic but this is what we are seeing on chart.
So far DXY has broken both the strong resistance we can expect some more upside from it.
Thanks to @Tolberti
DXYDXY is heading towards 104.23 Level. It will again resume its uptrend towards 116 mark, from where it will hit a monthly supply and expect a fall. Long from 104 levels.
After FOMC we could expect by tomorrow boomFed will rise interest rate tomorrow on FOMC meeting USD as Base can buy and USD as quotes can sell
DXY: Elliot Wave Price action analysis 4hrHello friends. As you can see in the chart, we have completed the y wave and we are waiting for the accelerated x wave to form, which seems to cause the index to grow to the specified range. So there is an expectation of buying in this area. Take care of your profits.
DXY longsHello traders.
After price broke structure (BOS), I wanted to see it retrace lower and it gave the retracement as the corrective structure in the channel highlighted. As soon as price broke out on the upside, I then wanted to see it pull back again into the last down candle before the up move for me to seek longs (shorts on foreign pairs)… I am currently short on AU, Gold, NU, EU and Nasdaq where my risk is split amongst them all so that I do not over expose myself into the market.
I would personally like to see the liquidity above taken out and then I am good. Whatever happens next is not my business. However, see that it is a Monday, we will see how the week goes.
Happy trading and take care.
NZD/USD- Long set upHi,
Looking for the NZD/USD to break through the local high and retest before heading up to the daily resistance.
Really basic set up on a pair that is in the clearest of bullish trends.
GL
