DOLLAR INDEX IS ABOUT TO GET SMASHED!!!In this video I just shared my dropdown time frame anaysis with regard to DXY, a pespective which shows that the bull has reached their destination now is time for te bear to head home also. i provide price action charting pattern, setiment based on each time frame and the influance of previous time frame perspective.
to understand the past the future will revieal itsself.
Dxyshort
ICT ATM METHOD DXY!!!!!!!ICT ATM METHOD!!! short term high ran and rejection giving you the confirmation of the short, well look for this to reject inside the ob 104.900 and take out the local lows liquidity 103.400.
Price reaches the low ob+fvg 102.650 prior to running the sell side liquidity well monitor this for a potential area where we see a rejection (pray this doesn't happen) and if so well look to take profit and cut our positions.
HOLY GRAIL if price seeks the sell side liquidity 101.300 then we can really set our selves up for some relief.
WE STAY CALM AND COLLECTED, LET THE MARKET COME TO YOU AND EXECUTE LIKE A BOSS!!
DXY Prediction 2021-2028 First off, when the dust settles, I believe Biden will be a 2 term president. I believe there will be plenty of money printing, further devaluing the US dollar down to around 57 - 60. The last time these moving averages flipped was back in March of 2003 resulting in a drop of the DXY index of 33%. History doesn't necessarily repeat itself, but it sometimes rhymes. Money printing is going into the fast lane. Position yourself accordingly by buying deflationary assets.
USD DOLLAR suspect bearish for 102#USDDOLLAR, usd dollar monthly key reversal bar made a new high closed off the low. weekly bar 16th-20th May formed two bar reversal for bearishness ahead. 13th May daily bar is a key reversal bar confirmed with next bar down a insurance bar. 104.40-70 supply area for short. stop loss above 105.10 which is 13th May high.
Go short DXY DollarThe dollar (day) looks like ready to collapse here as the stock market booms of major support levels. Inflation looks to of peaked to me and this DXY short could be epic. Look at the major hourly divergence forming at the top of this rising wedge. Short and hold with a wide stop in case we have some slight higher highs though I doubt it
DXY Topped out?DXY completed 5 of 5, bouncing off the 3.6 fib from June bottom. It briefly eclipsed the 2016 and 2020 highs, highest since 2002 now. This could be signaling higher prices for equities and commodities soon. Will be watching for corrective or impulse here; but a 100 test seems fairly certain.
DOLLAR INDEX | MONTHLY ANALYSIS#DXY has hit the strong resistance of 103 where a strong rejection candle is in formation.
For above 103, the bullish parallel channel will be active, and the upside target of 115 will be insight. But this 103 level has not crossed since 2002.
For below 103, a correction is due till 99 or maybe more than that.
On a daily timeframe, there is bearish divergence and 99 is insight.
Let us know what do you think of the idea?
DXY Dollar Index : Tighten your seatbelt, airplane in space 9.5Simple, practical, efficient.
We are looking at the highest level since March 2020.
A very smart trader once told me - Buy low, sell high.
And looking at December 2016, March 2020 - Jackpot would have been hit both occasions with a short position, with 15% down for USD on average both times.
Now let's connect that to today.
What's similar? The level it self. 103.80-104.50 is the range both times the USD came down crashing, showing strong horizontal resistance in this 5 year window.
What else? Extreme stretched MACD showing overbought condition only similar to March 2020 and December 2016.
And? RSI 14 on weekly chart shows the most stretched overbought condition since 2015, when DXY came down from 100 to 91 within weeks.
Now let's look at the other possibility , a clear breakout higher than the horizontal resistance.
This would be a breakout of a very long-term consolidation , which would mean the beginning of a new up-trend that could take the USD to highs only seen before 22 years ago and before than the mid 80's.
Is this probable considering the extreme overbought condition across big and short timeframes?
Is this probable considering the highest national debt in history by far?
Is this probable considering the tech bubble burst?
Is this probable considering the worst inflation in 40 years?
Is this probable considering the rate hike is already priced in?
And the list goes on and on.
Make an informed decision, don't buy expensive.
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