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US DOLLAR INDEX - FUTURE FORECAST?The USD is the strongest of the major currencies and in doing so, the dollar index (DXY) is also making a new high for the year. The index trades at the highest level since June 2020. Price Action: DXY has been in bullish trend and trading in bullish parallel channel (as shown in chart). This channel has been very reactive in the past. Currently price is standing at the top of the channel near psychological mark of 100. It has printed bearish divergence on RSI and considers as strongest due to the current standing of price action. While bears put 2 strong points on the table of divergence and channel top. Bulls counter with a breakout of month long consolidation. We remain watchful of the price action and trade it with the price action. What do you think? Who will win this battle?
TVC:DXY
by TradeTrio
2
DXY LONGS 📉📉📉📉 Expecting bullish price action on DXY as we have a lot of liquidity that has been build above the trendline. We are in a bullish market strucutre from a higher timeframe perspective H4/D1 + fundamental context is strongly bullish on DXY because we will have rate hikes this year. Price found a support area somewhere around 98.400 and from there we should go for 100$ if we have enough volatility for this week. What do you think ? Comment below..
TVC:DXYLong
by AnonimFXRO
DXY 96.07 - 0.74% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE SOME OPPORTUNITIES THIS WEEK. LOOKING AT THE DOLLAR INDEX * The index has been trading in a bullish trend that lost momentum as we enter a reversal pattern that is now range-bound within the support & resistance . * Looking for a double bottom formation within this range unless we see a breakout or changes in momentum. * looking for reversals in the form of a double bottom, should we see continuation with the bulls, the plan changes. ON THE HOULRY CHART - We are within a descending structure that could support that double bottom. - looking for shorts on the dollar index , a break above changes the whole plan. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:DXYShort
by PULEMokhothu
DXY: a confluence point.DXY looks toppy recently: there has been a distribution on large level with a triple top formation. This is very bearish and could lead to a downfall of the dollar. This thesi is in fact justifiable by the on going world situation, which is slowly heating up. There could be a war and the probabilities are very high. When you have nations providing money for guns, instead of a negotiation table, to a country which is pushing for nationalism, the situtation can escalate very fast. No one is doing anything to avoid this war, instead the world is calling for it. Americans need to learn their egemony in the world is coming to an end. And i really hope they will be able to learn, instead of trying to hold their power trough sanctions and war funding. I really hope we will be able to reach peace without a "world capitulation" AKA atomic war. This will be price in the DXY which will lose value, giving it to the YUAN and other currencies. At the same time, if the situation will be extremely heated we will see asset like BTC and GOLD increasing rapidly in value, and everything will be fueled by the downfall of the dollar. I believe a top is coming for the dollar and it could lose substantial value soon. The real question is: where is this value going to go? I believe we'll have answers soon!
TVC:DXYShort
by UnknownUnicorn19016152
DXY LONG TERM LONGS 📉📉📉📉 Expecting bullish price action on DXY based on a medium-long term analysis, we are clearly bullish from a technical standpoint if we take a look at the HTF D1/W1. From a fundamental perspective the FED ( USA CENTRAL BANK ) increased the interest rate and they announced that they will increase it more in the following year. For now the price is trapped in a RANGE area that should be taken out the next week 100 institutional figure is very very close for a next week target. What do you think ? Comment below..
TVC:DXYLong
by AnonimFXRO
DXY INDEX TUTORIAL 📉📉📉🎯 DXY - USD Index USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term perspective. 🎯 DXY has two correlations one of them is positive meaning the certain assets moves like DXY and negative corelation meaning certain assets move exactly vice-versa. ✅ DXY Positive Correlations DXY ⬆️ USDCAD ⬆️ USDJPY ⬆️ USDCHF ⬆️ USDRUB⬆️ USD XXX ⬆️ ✅ DXY Negative Corelations DXY ⬆️ EURUSD ⬇️ GBPUSD ⬇️ AUDUSD ⬇️ NZDUSD ⬇️ From a technical standpoint to have a better probability in your trades try to find entries when both DXY and for example USDCAD are in long poi (point of interest) this will increase your chance of having profits as you use inter-market correlations
TVC:DXYEducation
by AnonimFXRO
Eur/UsdHello Mr. Traders, Fidel here following the current retracement happening with the Eur/Usd. we broke out of this triangle, with nice volume which is something we look for with break outs, I see further upside atleast to the scribble I did up there, atleast. but currently we could be due for a correction of the correction within the correction. HA im joking, kindof... but I expect price to bounce from the zone I marked. I will look for rejection and possibly place my stop under that. but on a larger scale, we could have finished wave 5. and expect the abc retracement mostlikely going back to the bottom of wave 4. Thank you for your time, please I encourage feedback. We can only keep getting better. keep your chin up and minimize your loses. Good evening.
Long
by Fdz23
Dollar DXY Pre-FOMC Short! Overview: USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD. Looking analytically at DXY on Daily, price is ranging inside a Captioned Sell-Zone. Taking Bears approach due to Captioned-zone, a rejection to the downside is expected from Captioned-ceiling (99.179 | 99.091) through 98.565 for test, and possibly further rejection to the downside. Failure to find Support at 98.294 | 98.105 zone should have DXY at Zone of interest. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
TVC:DXYShort
by legacyliked
DXY 99.01 - 0.63% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE SOME OPPORTUNITIES THIS WEEK. LOOKING AT THE DOLLAR INDEX * The index has been trading in a bullish trend that seems to be loosing momentum as we enter a reversal pattern . * completed the 3 touches to see the index respect that bullish rally looking for that bearish rally to test the base of the structure/support. * looking for reversals at current price, should we see continuation with the bulls, the plan changes. - looking for shorts on the dollar index , a break above changes the whole plan. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:DXYShort
by PULEMokhothu