Financial Wave. DXYDXY.
Our preferable scenario remains the same. The fall in DXY has ended or is almost over. The rise in DXY should lead to the first intermediate target at 109.50. We do not rule out that DXY may fall to 101.56, if it falls below this mark, the growth scenario becomes jeopardized.
Dxylong
DXY Analysis (Long/Buy Opportunity)- After the previous bullish momentum price eventually met monthly resistance.
-Price then began making Lower Highs and Lower Lows, before the huge sell off.
-Price then found support at the weekly support/demand zone and formed a double bottom (bullish reversal pattern)
-I expect price to either met resistance at the neckline or perform a break and retest.
- A break and retest of the neckline will allow price to form a lower high.
- I am expecting price to ultimately make a bullish move to test the 50.0 Fib level, which also aligns with the weekly resistance/supply zone and the previous lower low.
DXY AFTER CPI AND PPI US RELEASEHELLO DEAR TRADERS
I think we have currently created a short-term bottom on DXY and we need to go retest the zone of interest
US PPI release yesterday was lower than expected and these numbers did not help us at all. Dollar takes another hit.
We will see how the FED reacts in mid-December to the positive feedback from the economy due to the increase in interest rates
The current one-time declaration of inflation numbers smaller than expected does not seem to me to be enough for the dollar to change its current trend. I haven't seen a single statement from the FED that they currently plan to ease the monetary policy of aggressively raising rates. If this opinion is still in their statements in December, despite the current numbers, I think we will go lower again on the equity markets. Do not forget that November and December may once again be the months when inflation shows that it is not yet at its peak. People spend a lot on Christmas
BTC SHORT BREAKDOWNTRADERS WELCOME AGAIN TO MY SHORT BREAKDOWN
If bears today holds the price down from that marked zone on the chart around 16.900$ - 17.150$
we can go slowly lower, of course only if DXY dont will dumps again, dollar must gain some strenght for this move on BTC
DXY FROM 6PM
ONLY IF DXY HOLD THIS MARKED LEVEL AROUND 106.500, i think btc will meltdown today
INSIDE MY TRADING CHANNEL YOU CAN FIND UPDATES
SEE YOU SOON
DXY Symmetrical triangleWhat we can see on the chart is a symmetrical triangle pattern.
Take a position only if/when the price breaks out of the triangle.
If the price breaks down, enter short.
If the price choose upside, enter long position.
Targets as shown in the chart.
P.S Don´t forget to setup stop loss :)
Good luck
DXY can rise again above 109After the break under the last ascending trend line started in mid-August on 21st Oct and a retest of this break at the beginning of Nov, DXY continued its drop and also broke under horizontal support and the long-term trend line 5 days after. This important break led to aggressive losses and a test of the following horizontal support at the 105 zone.
Now the index is in recovery and a rise to the 109 zone could follow.
I'm bullish USD as long as last week's low is intact and selling rallies for EurUsd, AudUsd, NzdUsd and GbpUsd could be a goos strategy
DXY for new Month and targets regarding the strength of USDWith world fundamentals and imbalances in need to re organize the economy USD needs to strengthen and climb higher before our current recession worsens. Using this as a confluence with XAU we can determine our journey to and above 2k. As DXY strengthens XAU will have an opposite effect.
DXY - LONG | CHART PATTERNDXY has broken its bullish cycle and we are about to head into a strong general Bearish Trend . As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the downside, breaking through the trend, so a correction or retracement is imminent.
The Formation of the BULLISH Triangle on the 4H timeframe, shows the incoming of a Bullish short time move for next week.
The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.
The dollar $DXY is full steam ahead!-The dollar bounced off the 200 ema
-TTM Squeeze went off on the monthly chart
-It's retracing after the launch
-check below for more TF's
-dollar going to 160 before a new Plaza Accord happens that revolves around a digital currency based on social credit scores (Mark of the Beast 666)
2H #DXY Long - Detrended Price Oscillator AnalysisExcellent entry point here for the Dollar Index, because we can place a tight stop loss.
If the DPO crosses under 0, close your position. Bull divergence is forming on the DPO here.
See chart for Take Profits
Note that this will affect all trade pairs that have negative correlation to dollar.
Creating a bearish DOW, SP500, NASDAQ, GOLD, EURUSD, BTC, etc, etc.
Good luck.
It's not about being right or wrong it's about finding the best time to hunt and HOPE for a kill.
DXY will retrace to 108, then continue its bearish trendI told you guys, The Fe* will do their job at specific price and date. I don't know if this sounds very "conspiracy" to you. But, fibonacci retracement + time-series analysis provide an inevitable proof. So, if i don't miscalculated and their cycle doesn't change...22 November 2022 would be the key reversal point ☝️
Hopefully the cycle doesn't change, so this analysis should be correct.
TRADE WITH YOUR OWN RISK MANAGEMENT 😜
Cheers, Chartwatcher1996 a.k.a H. Haidar
East Java, 17 November 2022