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Dxyshort

🚨DXY Index Is Ready to Go Down by H&S Pattern🚨🏃‍♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible. 🔔I expect the DXY index to continue its decline after breaking the 🟢 Support zone($104.26-$103.88) 🟢 around $103 . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYShort
by pejman_zwin
1
DXY Directional Bias is now Bearish**Weekly Chart** As Expected in our previous analysis DXY coiled near MC Candle of 14th Feb 2024. Note: Please refer to our last week analysis. **Daily Chart** Last week DXY moved higher only to break the high of the previous MC, balance the IPA (FVG) candle of Nov 2023, and tricked retail traders by moving slightly higher before started dropping and creating another MC candle. On Friday 5th April 2024, DXY tried to move higher again but it failed and created a key reversal and tested the smaller liquidity candle of 3rd April before moving lower. The reason this reached a weekly high and dropped below it, suggests a move lower in the next couple of weeks. The first target is around 103 and the second target is around 102.50 (the previous weekly low).
TVC:DXYShort
by PropSignals
1
DXY Descent Alert: Path to 102.800 - 102.280Update on DXY's Movement: The DXY has hit our projected targets in DXY Rebound Alert: Prepare for the 104-105 Swing and completed its last wave in a WXY pattern, with a truncated Y wave. Following this, we've observed a downward trend, with the DXY breaking through the main price channel. We anticipate a decline from the current area to the Fibonacci levels of 0.5-0.618, positioning the index around 102.800 to 102.280. Immediate Outlook: A closer inspection of the monthly chart suggests a sideways movement within the 103.500 to 104.450 range until the end of February, after which we expect the DXY to descend towards our specified targets. Next Steps After Target Achievement: Once the DXY reaches our anticipated Fibonacci levels, the crucial question will arise: Is this descent indicative of a broader reversal, potentially driving the DXY below the 100 threshold, or is it a temporary retracement in anticipation of a subsequent rally that could propel the index above 107? This determination will be essential once we hit the specified target range, guiding our subsequent analysis and strategic approach. Invalidation Point: Our analysis would need reevaluation if the DXY breaks and closes above the monthly trend line. It's essential to wait for a retest of this break to confirm its validity. Such a development could alter the current outlook significantly, necessitating a strategic reassessment. take a closer look on the 1M Frame chart below:
TVC:DXYShort
by ahmadsaad83
2
DXY Index will Go Down to next Support zone✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴. 🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the 🟢 Support zone($104.30-$103.89) 🟢, I expect the DXY index to continue declining until the next 🟢Support zone($102.86-$102.420)🟢 . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYShort
by pejman_zwin
4
DXY Weekly Analysis "The DXY seems to be retracing from 100.615 to take liquidity at 104.565, and we've observed significant price reactions in the area since Monday, November 13, 23. This suggests that the DXY is currently showing efficiency and may be inclined to move lower towards 99.559. However, reaching 99.559 might face resistance due to a "shield area," which could potentially cause the DXY to struggle on the downside. It's possible we'll witness the DXY lingering around the red shaded area at 101.910 for a while. If the price breaks below this level swiftly with large downward candles, we anticipate further downward movement towards 99.559. Otherwise, if it fails to break below 101.910, we'll provide an update accordingly."
TVC:DXYShort
by Deotrade1
DXY BEARS COULD RETEST 103.000 I often talk about the power of looking over our trades for those highs and lows over time, not because we can not trade but because we can be dynamic. Well to put it simply, I am bullish on DXY this year but price failed to break above 105.00 and 104.000 respectively.. Price seem to be unfolding to bring about something beautiful on the chart, this might just be what we need, the world seem to always give us what we ask for, and instead of accepting the continuation of my previous bias, I accept the evolution of my self and for my sake and the world, I am not afraid to share this.
TVC:DXYShort
by stuckinprofit
DXY: The USD kept its weekly rise ahead of the Fed's decisionThe dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this month. Dollar demand has been buoyant this month as traders trimmed expectations for when the Federal Reserve will start cutting interest rates due to strong U.S. economic data and reaction from central banks. naughty. The greenback was also supported by escalating geopolitical tensions in the Middle East, which have weighed on risk sentiment amid fears of a broader regional conflict. The US central bank is expected to leave interest rates unchanged, and so the focus will likely be on Fed Chairman Jerome Powell's post-meeting press conference to see if he will signal a cut. Analysts at ING said: “With US data releases - most recently December JOLTS data showing expanding employment opportunities - there appears to be little reason for the FOMC announcement tonight prompted the market to price in well above the current 130 basis point rate cut this year.” in a note. “This would be a neutral/positive development for the USD.” There's more labor data to study on Wednesday, in the form of ADP Private Payrolls for January, ahead of weekly initial jobless claims on Thursday and then broad data on Friday. - viewed monthly salary reports.
TVC:DXYLong
by Chart_MasterPro
The DXY Anomaly: Interpreting the Incoming CorrectionThis week's focus is on the potential for a minor retracement in the DXY (U.S. Dollar Index), highlighted by a noticeable bearish divergence when compared with the 10-year Treasury yield and the 10-year T-Note futures. This divergence is particularly significant as it suggests a weakening momentum in the dollar's recent uptrend. While both the 10-year Treasury yield and the 10-year T-Note futures have succeeded in setting new highs, the DXY has not followed suit, failing to create a higher high. This disparity indicates that the upward movement in the 10-year Treasury yield and the 10-year T-Note futures could be attributed more to a liquidity-driven event rather than a fundamental change in market sentiment towards the dollar. As a result, we can anticipate possible bearish movements in forex pairs where the dollar is the base currency in the coming week. Conversely, in pairs where the dollar is the quote currency, there could be bullish movements. However, it is important to note that these expectations are also contingent on the performance and dynamics of the counterpart currencies in these pairs. Traders should monitor the DXY for early signs of a reversal and adjust their positions accordingly, keeping in mind the broader implications of a weakening dollar on various currency pairs. As always, a comprehensive approach that considers global economic news and geopolitical developments will be essential in navigating the forex market during this period of potential dollar retracement.
TVC:DXYShort
by Wiiso
DXY 103.176 - 0.06% SHORT IDEA HTF BIAS 🐻🐻🐻HELLO TRADERS Hope everyone is doing great 🛑 New week new opportunities A look at the DXY ahead of the new week 👌 MULTI-TIMEFRAME ANALYSIS DXY DAILY * We see the 78.6 % FIB level holding in the past week. * Looking for signs of some bearish momentum for continuation with the bears. * The DXY is currently trading in PREMIUM. * Any signs of bearish momentum would Signal Bearish moves for the week that is. * Bullish momentum changes the Bias for the week & possibly signals reversals DXY 4H CHART * We see rejections at the VI holding. * DXY failed to take the high on Friday, signaling possible weakening of the bulls. * Looking at the small FVG above to hold and reject. * This would be one of the confirmations for some Bearish moves. DXY 1H TIMEFRAME * On the 1H we see that the 4H FVG does not align with premium. * But we find a -OB just above this zone on the 1H * Looking for rejections at this levels. * For a bearish week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 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 - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:DXYShort
by PULEMokhothu
5