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Dxyshort

U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bearish candlestick last week, after previously rejecting the resistance level identified at 12257 two weeks ago. Note how this key resistance level has held again – in fact it held just after the FOMC release some weeks ago when it was tested, which is possibly a bearish sign. While this continued decline is not enough to invalidate the long-term trend (the price is well above its levels from 3 and 6 months ago), it is very notable that there is clearly strong resistance here, which is having impact. This suggests that despite the long-term bullish trend, we may now have experienced a major bearish reversal. However, it is also worth noting that the price is now very close to a major support level at 12150. Overall, I would not look towards the USD as a key driver for any trades over the coming week. For a while, and possible for the entire coming week, there will likely be momentum against the US Dollar, although the Japanese Yen remains considerably weaker.
TVC:DXYShort
by SmoothJB
1
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that was performed at higher times, a progressive trend was formed and from this trend, waves 4 and 5 remain. Wave 4 was originally intended as a flat, but wave c , which we have now identified in the count, does not resemble a leader, and we assumed that it would be a triple zigzag. So the count has changed to a triangle, and from this triangle the waves a , b and c are complete, and now we are inside wave d . From wave d , wave a is still forming. And from wave a the end of wave 3 is unknown and waves 4 and 5 are not formed in our view. At the end of wave a , wave b forms a sideways trend that is long in time, after which wave c moves to the size of wave a and is ready to start wave e on the upper side of the triangle. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
1
DXY SHORTTo survive in the most difficult market and enjoy life recommendations 1.- Risk Management 1-2% capital per operation 2.- Be patient 3.- Partial profit taking We are at an ideal point to trade DXY Take its last push before its fall and thus be able to buy in the best areas, so we hope that this graph will also generate good opportunities. As you can see in other shared ideas, I do not always win, but I am profitable due to good risk management, my profit ratio is at least 1: 3 Do not go crazy, wait for the entrance or put SELL LIMIT, be smart.
TVC:DXYShort
by ggtecn
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. Examining the weekly time for this indicator, we came to the conclusion that we are in wave 4 of a leader. This wave 4 can be counted in two ways: In the first case, the waves are flat. And in the second case, the count is in the form of a triangle. Considering the main wave c in this analysis, which is not very similar to the five waves, we preferred to consider a scenario for the second case, the triangle. From this triangle, wave d is being formed and from wave d, we assume that we are still inside wave a, which requires a maximum of 2 waves to complete this wave. And then a relatively long sideways motion for wave b and finally a climb the size of wave a for wave c. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYLong
by mahdisoltaninjad
1
DXY - D1 - DOUBLE TOP IN PROGRESS !The Dollar Index (DXY) is showing a potential double top formation in progress on a daily chart. DAILY (D1) Ongoing downside price action, after having, yesterday, broken both the Tenkan-Sen and the Mid Bollinger Band, this morning the DXY is attempting to also breakout the Kijun-Sen which should be seen as the last important support level in that time frame. A failure to hold above it (95.96) would directly put the focus on lower levels, towards 95.51 which is the trigger level of the double top formation in progress and if broken would activate this reversal formation calling for a technical target @ 94.09 which is, currently, also the clouds bottom support area on this daily time frame. WEEKLY (W1) Still in an ongoing uptrend but lack of follow through, confirmed by several "dojis" in a row is likely to trigger a trend reversal! In addition, the 50 % Fibonacci retracement @ 96.10 has been filled but, so far, each upside continuation attempt has been rejected. In that weekly time frame, the next significant support is @ 95.11 and a failure to stay above it would be an additional warning signal, calling for further downside towards the double top technical target @ 94'09 above mentioned, which also coincides with the weekly cluster support level of MBB and KS. MONTHLY (M1) The DXY failed on the last monthly closing basis (in November) to upside breakout the clouds resistance area ! Therefore, December monthly closing should be watch at very carefully and that will give more clues for the upcoming months on a long term view. Finally, watch carefully price action on shorter intraday time frames which will help you to validate or invalidate my technical view. CONCLUSION : Only a sustainable recovery, on a daily basis closing observation, above the 97.00 area would force to a reassessment of my expected bearish scenario.
TVC:DXYShort
by Ironman8848