DXY DOLLAR INDEX - SHORTlooking to Short dollar at a daily supply during fomc press conference in 30 mins
Dxysell
DXY Under Bearish Pressure, Downside Risk. DXY Trading Plan >H1.
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#DXY, Red Week?If you thought the dollar was on its way to a new high, think again!
Last week, the dollar was on a strong uptrend until it stopped at the resistance line at $ 98.3 and started to fall.
The Stochastic also indicates a trend change or a trend ending.
The Ichimoku Cloud Indicator changed to a red cloud meaning a bear cloud
Target: 97.5
#DXY, The negative momentum will continueA bearish trend on the daily graph according to the Ichimoku Indicator.
The dollar failed to generate upward momentum and returned to fall, the dollar entered the range between 95.4 and 97.4, because of our proximity to the resistance line and the other reasons stated above our recommendation is to sell.
Target: 96.2
DXY approaching support, potential for a further rise!
DXY approaching support at 97.13 where it could potentially rise further to 97.86.
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Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY bounced from support, potential for a further rise!
DXY bounced off 97.59 where it could potentially rise further to 97.90.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY bounced from support, potential for a further rise!
DXY bounced off 98.68 where it could potentially rise further to 99.67.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY Weekly ForecastIf it does goes down strongly, it will confirm the bearish view and the top is in at least for the short term
Should find out in the next few sessions if usd bears have taken over
#DXY, Again a false warning about breaking resistance?We are in a bit complicated situation, the dollar that broke the resistance line at 98.3 came back down (the dollar was supposed to accelerate the momentum of breaking) and then again broke the resistance and again came back down, the dollar refuses to choose a clear trend and this is a confusing situation.
The general trend is bullish.
Although our bullish trend, in this above situation the dollar is back in the 97.4 and 98.3 range and therefore the signal will be bearish.
Goal: 97.4
#DXY, The dollar on the way downThe positive trend continues.
As you can see, the dollar stopped at the resistance line, and there are 2 scenarios:
1. The dollar will again fail to break through the resistance as it failed the previous 3 times and will come back down.
2. This time the dollar will break the resistance and increases will accelerate.
We think the dollar will fall back to 97.4 and continue not picking a clear trend.
#DXY,End of trend?Because the pattern created on the dollar this week will be critical.
As you can see in the last weekly candle, he created an inverted hammer that usually comes to announce a trend ending so it will be confirmed the upcoming candle should be red.
The dollar's inability to break resistance at 98.3 for the third time is a sign of weakness.
And with all that, one cannot ignore the technical signs that still point to the dollar's upward trend.
Our signal is a sell with a target of 97.3 in case the dollar breaks the 98.3 then the signal is canceled!
DOLLAR DOWN!!Dollar has been showing bearish movement. After a strong upward movement, dollar will go back down to previous level after consolidation.
I would not buy USDDXY W TF parallel channel. Not a good idea to purchase USD. August candle will be black.
The trend of the last few days will probably remain #DXYThe dollar made a break of resistance but failed to hold out above the resistance line.
We returned to the period before breaking the resistance which means that the dollar is stuck between 95.4 and 97.4, we are currently bearish with a target of $ 95
Another reason why DXY should fallUSDX - there is strong resistance at 98.4-.6
Almost no momentum left for USDX to rally further
Dollar Index Fundamental Weakness Ahead!Welcome everyone for another trading idea!
Im doing my weekly analysis currently and there is one thing i see when im going trough the currency pairs:
There is a lot of selling pressure on the US DOLLAR.
Every other currency crossed with the dollar is getting a lot of strength right now. The Euro against the Dollar made a huge bullish candle this week and also other pairs like the AUDUSD or NZDUSD are gaining strength.
Looking at these fundamentals and also the technical point of view i see the dollar in a huge correction the next weeks or maybe months.
In my last dollar trading setup, which i linked below, we discussed the peak high and other technical tools for the DXY.
The markets will open soon again and im wishing everyone of you guys a great trading week!
DXY on the way to a new trend?As the dollar goes down, we realize that its last rise was a fake increase (although the dollar broke the resistance, it did not continue to rise much as expected). At the moment, the dollar has returned to its former support and resistance, our recommendation is Sell
Take profit: 95.80
