DXY SELL The beginning of the downward trend to the bottom of thDXY The beginning of the downward trend to the bottom of the channel
Dxyshort!!!!!!!!!!!!!
DXY WEAKNESS! xxxUSD LONG Rally coming!// THE DIRECTION //
DXY is currently looking weak here. (Reason - PA, EMA Cloud, SUITE B, BL, Below PW.5 and anticipating a retest for the next fall )
The best way to trade xxxUSD is to understand what DXY is doing.
IF DXY falls, xxxUSD rally up and right now we are about to have just that and we expect this to drop all the way down to PML (Previous Monthly Low)
// INVALIDATION //
Invalidation here would be DXY breaking the previous high @ 103.350.
Brace yourselves, the rally will happen.
Keep your eye out for my xxxUSD idea next.
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
DXY one last leg down then continuation for new highsHi there,
DXY is setting up for one last drop to finish 4 wave before it resumes the uptrend, We have a rising wedge on 4h, after breakdown dxy will melt
Good luck with your trades
DXY ShortDollar index is all set for shorting having a very long weekend of being down dollar index is one more time going to short
DXY road to 92, SHORT THE USDThe PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR.
Other economic factors why the DYX is looking weak are:
-Inflation: High inflation can erode the value of a currency, as it reduces the purchasing power of consumers and investors. If the US experiences sustained high inflation, it could weaken the US dollar even if interest rates are high.
-Economic growth: If the US economy is not growing as quickly as other economies, it could lead to a relative decline in the value of the US dollar. This could be exacerbated if other economies are experiencing strong growth and higher interest rates.
-Geopolitical risks: Political instability, trade tensions, and military conflicts can all increase risk and uncertainty, which can lead investors to sell US dollars and seek safer assets. If the US is perceived as a less stable or secure country, it could weaken the US dollar.
-Debt levels: High levels of debt can make a country more vulnerable to economic shocks and reduce its ability to stimulate the economy during downturns. If the US experiences a sharp increase in debt levels, it could weaken the US dollar.
-Market sentiment: Investor sentiment can be influenced by a wide range of factors, including news events, social media, and market psychology. If investors become pessimistic about the US economy or the prospects for the US dollar, it could lead to a decline in demand for US dollars and a weaker currency.
Intraday Sell DXY (22 MAR 2023)DXY intraday trading alert
3 simple steps to find a quality setup!
Risk Reward Ratio 1:2
Anyone same idea with me?
SELL DXY
Good luck traders...
DXY Chart Analysis....
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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Traders, if you like this idea or have your own opinion about it,
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Dxyso far dxy looks very bearish, next stop can be 100 ema. from where i expect the bounce. as another bearish signal we can see Rsi crossing.
DXY US. Dollar Index | Down Trend Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index.
A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward.
A Lower High occurs when the price of the index reaches a new high during a given period that is lower than the previous. This suggests that the price is struggling to get higher levels and may be trending downwards.
These patterns can be used by traders and investors to identify potential selling opportunities or confirm existing US dollar downtrends. However, they should be used in conjunction with other forms of analysis and not relied on exclusively.
Fibonacci retracement is a popular technical analysis tool used to identify potential levels of support and resistance in financial markets. The tool is based on the Fibonacci sequence and retracement levels are calculated using ratios derived from this sequence.
When applied to the DXY US Dollar Index, Fibonacci retracement levels can help identify potential areas of support and resistance. For example, a common retracement level is 50%, which represents a potential area of support or resistance at the halfway point between a market's high and low.
If the DXY Index is in a downtrend, a trader might look for potential buying opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of support.
Conversely, if the DXY Index is in an uptrend, a trader might look for potential selling opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of resistance.
It's worth noting that Fibonacci retracement levels should not be relied upon exclusively for making investment decisions, and should be used in conjunction with other forms of analysis and risk management techniques.
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EURUSD LONG DaytradeOn the 15 minute chart with trendlines drawn, a bullish megaphone pattern is seen.
This is a suitable basis to take a long trade with price is near to the ascending support trendline
with a stop loss just outside ( below) that line The trade is supported by the current downtrend
of the USD (^DXY) as seen in the link below.
The megaphone is demostrative of increasing volatility which the experience trader can
turn into profits.
As this is on a 15-minute time frame this entry is only suitable to a daytrader
who is scalping or at least closing the trade within the same session.
$dxy #dxy #elliottwave short trade 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.
DXY MARKET OUTLOOK - BEARISH TREND?DXY MARKET OUTLOOK - BEARISH TREND?
DXY has broke the bullish trendline in the Daily Chart. Here's the potential movement for DXY.
DXYPullback, we'll see what the market does upon it's opening.
DXY bias looks like it wants to continue to the downslide.
Now that the dust has settle from NFP i'm looking for a push to the downside in the coming week.
Everyone have a safe and enjoyable Sunday.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
DXY - Short#DXY in This H4 Time Frame
DXY is Moving down further to touch the Support Area of This Channel.
dxy nfp setupseems like this news is setting dxy for a nice pull back after that last explosive move if 104.200 holds we can see another leg up for a move up since dxy made a higher high im still bullish biased over all this pull back most def was needed
now if the next push up doesnt break that last dxy high we could see seelers start to step in
DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD BREAKING OUT !!!12 AM 1hr candle is red indicating the bullish set up out of the MZ.
Price broke out MZ structure came back and retested now the BUY is engaged.
Take the Buy to the target zones which are the extreme levels of the ADR.
DXY is falling after Jerome's speech yesterday:) (That's his job to contain the GREENBACK! Typically over the last year when Jerome speaks the DXY cools down.
This causes all US bases pairs to go up.
Let's see how price follows the script today.
#SniperGang
US Dollar Index DailyPrice has reached a key area of resistance which aligns with the 50 fibonacci reteracement as well, & today formed a doji candlestick. I am seeing a bearish revesal back into support coming as long as price remains under this resistance zone.
DXY SELL IDEADXY has completed its correction, we are due to see another impulse to the downside. Expecting a catalyst that will bring selling pressure.
DXY shortDXY 1H TF is in bearish trend, price at LL right now. we can take a short entry using FIB level 0.382. SL & TPs are defined on the chart.
DXY Looking to Buy London Sell New YorkMonitoring for the possibility to buy during the London session today (7 Mar) and to sell during New York at the FVG shaded in grey. Buy to Sell.
