Dxyshort!!!!!!!!!!!!!
DXY- Lower high in place. Reversal could followA few days ago I've pointed out the 113 zone as a strong resistance and potential point of reversal for DXY.
The market's reaction after CPI data yesterday could offer exactly this: a confirmation for reversal.
Although on data release DXY has spiked above this important level, a very strong reversal followed, leaving a long-tailed candle on our chart, and, now, there is a high probability of a lower high in place.
With this in mind, we can search for buying opportunities for EurUsd, GbpUsd, AudUsd, and NzdUsd.
DXY first important support is under 110
dxy is not done!!!theres equal highs here so i beleive we see a test to that orderblock which is right by a key pivot level dxy still has a bit more upside when it gets to that level ill see what it does but if bears come in we could finally see dxy make a nice move down but until then its not done yet !!!!
DXY aka USdollar aka dollar indextheres liquidity on both sides equal highs and lows price been here before and failed to break the low creating that equal low so i believe it will sweep orders up top before fully heading down unless it breaks those lows soon and it will keep pushing down
look at previous equal highs and lows and see how it swept out liquidity b4 the actual moves
DXY - Feds Gone Louco ModeFeds keep printing MOARE of that junk currency we call USD, Los Saudis ain't playing ball no more, they are refusing orders from the yankees if they ever announce a switch to another currency let's say like hmmmmm ze Chinese yuan? or Bitcoin? Then that will be the day the yankee dollar will be going Kansas Bye Bye!
DXY seems to be setting up for a monthly bearish divergence, u know wut happens next right? right?
- Monthly MACD (Bullish)
- Monthly Pekipek's Divergence BETA (Bullish)
- Monthly RSI (Bullish)
- Monthly Stochastic RSI (Bullish)
- Monthly Cipher (Bearish)
- Monthly OBV (OBV gone AWOL)
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DXY USD dollar going down to 110.05 or 108.30USD ELLIOTT WAVE FORECAST... : This X wave (yellow) had reached the golden fib and the intermediate C (pink) reached the 123%.. only one more possible target at 113.57. If the $ is reversing here, we most expect a retracement at least around 110.045, but 108.29, 107.25 and 105.51 are also possible. Other possible targets are 107.25 and 105.51.
DXY Analysis and Trade Idea for 10-10-2022DXY is in between trend lines and will make AB=CD till this week. Only the lower trend line can break the scenario. DXY might be bearish today As USA and Canadian banks will be closed today so overall it will push DXY bearish or vary slow momentum for today.
dxy where is the dollar going!so lets talk about dxy here
number 1 dxy is a a trendline also bearish order block also last time equal highs was made and this area has perviously been mitigated so i expect a bulish push here to my next oderblock aka liquidation b4 dxy tries to make any movedown so im looking for dxy to head to areound 112-113 area
Analysis DXY : 📅 09.30.2022DXY analysis:
Considering the lack of ability to climb and the weakness, it is expected to continue the upward trend in the one-hour time frame.
And the formation of a new downward trend at this time expected a downward movement to the specified targets.
If the range of 114,000 is broken, we can expect the price to rise again.
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Descending targets:
110,300
108.450
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👤 Alireza hajighasem : @alirezahajighasem
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📅 09.30.2022
Dxy leading diagonal idea!Macro dxy has lots of bearish div on many timeframes!this pattern looks near to complete! This is the last retracement at the 1.618 same as on wave 3 retracement! There are upper extention levels up to the 120 area but anywhere betwen here and there looks as a double top on weekly chart is forming! Initial target for leading diagonal or accumulation cyllinder is anywhere from the bottom of 2 wave in elliot or the true 1-1 for a double bottom! This may be the end for some time of bearish scenerios in current markets! Dxy corrolated on dumps and pumps at certain times so I would use moving averages as a focal point moving forward such as bullish and bearish crossings of the 21/55 ema and the golden cross of the 55/233 as confirmations !
* Its truly possible we retace .50 or 50% and do one more 1-1 pump of its last move!Watch moving averages they dont lie!
dxy where is the dollar going!so where here at a very crucial area where we have to pay attention market a bit choppy from news a few hrs ago
now overall trend is up on the daily but dxy has been so bullish last few weeks so this pull back was much needed if these lows hold "110.400" we can see up move now if that low breaks down we can see dxy test 109 soon so all eyes on deck
DXY WILL THE DOLLAR PREVAIL OR NOT $$$Since the beginning of the year, DXY has been on an uptrend, establishing higher highs and lower highs. I have highlighted the significant support and resistance it has been bouncing off from for better understanding. Currently, DXY has touched the resistance and received rejection, causing it to decline; however, I believe this is the top and we will soon break the support and plummet; nevertheless, if it bounces off the support and continues to move forward, we will still be in a bullish trend and will go on to break the previous high.