DXY - The Final Thesis - 4 POSSIBLE PATHS to ZEROthere are possible paths for the DXY before it crashes to zero and being replaced by another reserve currency.
sending love to all
Dxylong
Friday Get Paid Trade for the Weekend!The narrative goes like this:
The market has 3 moves
1. Uptrend
2. Downtrend
3. Consolidation
It ain't consolidating right now because it has hit the Extreme of its ADR. When this happens there is a 80% chance it will turn around. DBP Signature Double Block Play Entry.
Snipe this entry and you just watch price melt into your script like a ice cream cone on a HOT Miami day:)
Price will not hesitate to give up the PIP$ because it's exhausted its run North. What goes up eventually will come down.
Now let's give the narrative for the DXY: The DXY is the ying to the yang of EURUSD. The DXY had a GAP that it inevitably had to fill. It dropped to fill the gap and is now on the rise to complete the job. (A gap is not filled until its filled BOTH ways #FREEGAME ) When the DXY is going Up guess what EURUSD is doing? Like Young Joc raps "It's Going DOWN!" This explains the drop on EURUSD,
Put all of that together and you have your short set up. It's Friday so pull your profits whenever you like and have an incredibly blessed, happy and abundant weekend!
As always never over leverage. Slow and steady always wins the race and eventually your accounts will grow like an oak tree. Compounding is Magic.
Always trust your trade set up aka Narrative. Give the story line time to develop.
Have fun! No other space in the world allows you to break the bank daily:)
I Am Pro Trading Made Simple. And also the Sensi & Master Jedi Trader of #SniperGang
EVERYBODY EAT$
London Money GrabThe Forex Market weaves a beautiful narrative all about MONEY DAILY!
The narrative for this set up simply goes like this:
11 AM pretty much ends the London Se$$ION. At the end of each day we all like to leave compensated for a job well done.
The Forex market trading Sessions are no different except they deal in Billions and Trillions of Dollars.
By simply identifying the BIAS on the Higher TFs on the asset you are trading you can gauge which way this Grab will go.
Today is a down day on EURUSD. In confluence with the DXY which has taking off like one of Elon Musk Rockets:) (But always be careful with his rockets some of them are proven not to make the distance LOL)
I digressed...
As always Never Over Leverage* Trust your trade set up* Have Fun!
I AM PRO TRADING MADE SIMPLE
I AM ALSO THE SENSI AND MASTER JEDI TRADER of #SniperGang
EVERYBODY EAT$
DXY NEW HIGHSOnce we get new highs on DXY, both stock and crypto will bath in blood, don't forget to look at your SP 500 chart too
DXY Ready to Test Yearly Resistance We are through the point when The Federal Reserve was giving it a break to the strengthening USD, lower support remained intact at 104.6. As told by Powell, they are going to hike rates on public debt one last time during the September FOMC for the year 2022. Well, the market is responding to the very hint of it. Retailers have switched to long shots on DXY and shorts on commodities. Chances are, we might see DXY testing yearly high again.
Trading Suggestions:
1- We might see DXY between 108.7 and 109.10
2- Breaking higher than 109.10 we can expect higher levels continuing to aid the strengthening USD
3- For now, let us not trading anywhere against USD
4- Precious metals are heading lower, we might see 1680-1720 on Gold, and lesser than 18.50 on silver again but there are a few levels both of them must cross to see it happening
5- Should DXY make a double tops here at 108.7 level, we are heading lower on USD and higher on other derivatives against USD
Note: Ensure proper risk management, Happy trading and happier profits :)
DXY Buy and then SellThe US Dollar is continue rising and trying to make all time high of this year.
Is DXY flying to 109?Good morning traders. DXY major Push to the upside as expected. Now I want to see the dollar taking a step back on the above resistance of 109 to drop at least 150 points.
XAGUSD SWING SHORTSpot Silver has been in a general downtrend albeit it with a short rally.
On the weekly chart the context of the rise in the stochastic RSI to over 60
and the MACD approaching a K and D line touch as well as the print
of a weekly candle as a red Doji after the recent federal minutes release
and another federal calendar event on 8/22 I will take a short on spot silver.
The stop loss will above the POC of the high volume area on the profile
or $20.2 for a $0.4 less while the target will be just above the recent
market low on July 11th at $18.15 ( green horizontal) for a profit of
$1.65 per . This makes for a reward to risk of about 4.
Dollar Index (DXY) - 21 Aug 2022 After facing the resistance of 109, the dollar index began a corrective process, and of course, due to the re-increase of the interest rate and good statistics, it started to move upward again from the range of 104-105. It can again attack the range of 109. We will enter a new and more powerful upward phase, which will definitely affect the American economy.
dxyDXY is right on the 786% of the recent A wave down from the top of the Minor 3rd peak in June 2022 & it looks like a classic Flat correction ABC.
So DXY has limited upside & I think crypto will bounce soon into C wave until mid sept then finally DXY starts the 5th wave to $111 bull market top.
Which will be the crypto & stock market bottom
US DOLLAR (DXY) ARE WE STILL BULLISH? DAILY TF ANALYSISLooking at the trend, it's obvious that we're in the bull market
for DXY. we can only see higher highs and higher lows for the
this currency.
However, for the major news later, we may anticipate a double
top formation when the price reaches at 108.78 key level.
If the price breaks this key resistance level, we may expect a
trend continuation to the upside.
The level I'm seeing a major pullback is at 120 key level but this may
chage depending on the economic factors that we will be seeing for the
next coming weeks.
TIP: ALWAYS FOLLOW THE TREND.
A DXY ENTRY I MADEHello traders! although this move has already started happening, I just wanted to share this entry I made on DXY. From my previous post, I expected DXY to go lower but, due to change in price action structure, my strategy suggested this entry. The marked resistance area has been tested multiple times and I think that due to the current movement around the area, it will get broken this time. After the anticipated break, I'll wait for a retracement back to this level for another entry.
DXY Idea H1Here is my view for DXY on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
is 0% inflaction good for the DXY?Hello traders.
Looking at DXY, I see Higher prices being meet. next stop at 106.30 to meet diagonal resistance before going higher.
this week I want to see 107.50 being tested. if not, 102.50 may be next bottom if 105 be broken. but its not going to be easy since fundamentals are in favour. we had 0% inflaction for the dxy.
DXY LONGOn the weekly timeframe, we can see that price has retraced into an imbalance and has failed to closed below it, we can alse see, that price traded into a bullish order block on the weekly.
On the daily timeframe, we can see that price has been repeatedly taking sellside liquidity, but we can see price clean out the relatively equal lows before a move to the upside to take buyside liquidity.
DXY create Bullish Pattern Dollar create bullish pattern, Now dollar create double bottom in trend support line, In last July dollar create a top in 109.7 Now i anticipate dollar will create another top in 110.8 range!
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions.
⁉️ DXY - Market AnalysisHello traders!
⁉️This is my analysis on DXY .
Here we are in a bullish market structure, so I am looking only for longs. I expect price to go higher as we saw a rejection from bullish orderblock + psychological price level 105.000. My target is 110.000
Like, comment and subscribe to be in touch with my content!
Dxy longs DXY has been moving in a Decceleration movement(Contracting movement), Showing a Impulsive move might occur
DXY has not broken any bullish Structure as such I have a Bullish Bias
DXY tested and Rejected Major Buy Liquidity zone
DXY short term is bearish ! Can't holding uptrend line The DXY broke down a short term up trend line. Pay attention to horizontal support area.
DXY Buy Setup.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.
EURUSD is falling and can't get back up!The narrative for this evening's set up goes as follows:
As of Tuesday Aug 9, 2022 8:18pm EST: EURUSD only gave us 43 PIPS of the 88 PIP ADR Range.
From this simple assessment we know we have another 44 Pips to go before EUR hits that 88 Pip Extreme.
The DXY has opened bullish but left a small Gap which it may retrace into soon and then head north.
The fundamentals all point to the EURUSD dropping below parity levels this week. Vs the DXY which is looking very Viral and STRONG:) Like a young buck.
Therefore a SHORT on EURUSD is a very high probability trade set up given all of the confluences I listed.
Never over leverage.
Trust your trade set up.
Have Fun.
I Am Pro Trading made Simple.
We are #SniperGang
EVERYBODY EAT$
GBP/USD trade idea! This is a possible setup for GU if the dollar continues to be bullish for this upcoming week. Last week on Friday, we had NFP push the DXY in the buyers direction with positive figures like; the unemployment rate dropping to 3.5%. Now, you will notice that price has been making LL's (Lower Low's) on the 1H time frame followed up by the engulfing bearish candlestick that NFP influenced. Price could potentially drop down to 1.19280 which would hit each of those TP zones that I'm using from previous market structure that was created by using their HL's (Higher Low's) points. OANDA:GBPUSD
LONGIn this Analysis we can see some buy or sell level which I shared,
watch it carefully and follow price action.
Thanks
