DXY: POSSIBLE MOVEMENT BEFORE AND AFTER NFPHere is my idea on dollar index, expect price come to correction area.
If you have any idea, comment below and don't forget give thumbs up
Dxysignals
DXY Sell SignalPattern: Channel Up on 1D.
Signal: Sell as the price hit the Higher Highs trend-line (top) of the pattern.
Target: 90.000 (the 0.9 Fibonacci retracement).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999
--------------------------------------------------------------------------------------------------------
DXY: UPDATE FOR THIS MONTHDollar index performance for this month.
expect for bearish target Imabalance daily
DXY- Higher low in place?As I said a few days back, I expect a break above resistance in DXY's case.
As normal, after touching resistance, Dollar Index corrected some and, at this point, we can have a higher low in place.
Confirmation for bulls comes with a clear break above and a drop under 92.50 invalidates the bullish scenario
DXY- Will it break?Since the recent 89.50 low, USD Index is trading upwards, putting in higher lows on our chart.
At this moment DXY is facing resistance at around 93 and a break looks imminent.
If we indeed will have this break, 95 is the next target.
This outlook is valid as long as the price stays above the recent low
Selling EurUsd, GbpUsd, AudUsd and NzdUsd can be a good idea
DXY 4H Golden Cross gives a Lower Low since March 2019Three days ago an important pattern that may have been overlooked was formed on the U.S. Dollar Index, the Death Cross. This is a simple illustration of the Death Cross formations (when the MA50 (blue trend-line) crosses below the MA200 (orange trend-line)) on the 4H time-frame.
As you see, since the failed March 2019 Death Cross (scroll to the left to see the rest of the chart), every 4H Death Cross has delivered a Lower Low after its formation. This is quite a sizeable sample, 9 formations in more than 2 years. In my opinion that makes DXY bearish (despite today's Nonfarm Payrolls report) on a 3-4 day horizon at least.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> sikret
--------------------------------------------------------------------------------------------------------
DXY Sell SignalPattern: Triangle on 1D.
Signal: Sell once the price closes below the 4H MA50 (green trend-line) which has been the sell confirmation on the previous bearish leg of the Triangle. Also the price got rejected on the Lower Highs trend-line of the Triangle. Notice how the 1D RSI has been on a Bearish Divergence.
Target: 90.000 (a little over the 0.9 Fibonacci retracement level).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoCreatin
--------------------------------------------------------------------------------------------------------
DXY- 95, a good target for bullsIn the past 2 weeks, DXY consolidated gains, just under local 92.75 resistance.
I expect a break from the Index and swing trader can target 95 zone for their long positions.
Dxy to break resistanceYesterday's drop to 92 support was bought and now USD Index is trading in 92.50 resistance zone
I expect a new leg up and the target is 93.50
DXY The 1W MA50 holds the key.On the first quarter of the year, I've published the following posts. One was a research on DXY's tendency to 3 year cycles and how it has entered a new one, and the other how under certain circumstances, the current bottom resembles that of 2018:
It appears that the U.S. Dollar Index is attempting a repeat of the 2018 - 2020 Cycle as this week has posted an incredible green 1W candle that is at the moment slightly above the 1W MA50 (blue trend-line). In 2018, when DXY closed a weekly candle above the MA50, it started a sustainable rise (in the form of a Channel Up) towards the Highs of the COVID outbreak.
In my opinion it is all about the closing of the 1W candle. Do you agree?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> mused_Aurorah
--------------------------------------------------------------------------------------------------------
Dollar index has a upward direction temporarilyDollar is creating a regular flat pattern.
The wave is within is upward.
Therefore before more collapsing, it maintains its upward direction.
DXY Idea on 16 June 2021 #H4As we see dxy chart on 16 June 2021, after dxy finish running on flat price range between 90.400 - 90.600 from 13 June to 16 June, As FED meeting would affect the interest rate and US Dollars.
Trading plan, Wait for break out Flat Range and long at retest around 90.600 Target 90.800-90.850
DXY 3 different patterns on the same time-frameDXY has been bearish since the March 31 top and after the multiple rejections on the 91.440 Resistance, formed a Channel Down. Since May 11 though an Inverse Head and Shoulders pattern slowly emerged, which is technically a pattern seen on market bottoms that prepares a reversal. In turn, that gave way to a Channel Up since May 25 (blue channel). My trading plan is this:
* As long as the Channel Up holds, long to 90.650 (the Higher Highs of the Channel). If the Channel Down breaks, short to 89.300 (the 1.236 Fibonacci extension). If the Channel Up continues above the target, medium-term short near the 91.440. The trend remains bearish long-term, unless that Resistance level breaks.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
DXYas I said on March 21 ... DXY is in a strong downward trend and if for 1 week it rejected 3 weeks in a row from the Fibonacci 0.5 area, I expect it to continue the descent to Fibonacci 382!
...exactly as I said in the last 3 months DXY rejected from the 786 Fibonacci level and went down thus closing the Fibonacci chart that I drew 3 months ago!
From this area, I expect DXY to reject and start rebuilding the W I've been talking about lately ....
THIS WEEK...as I was saying last week ... DXY has stopped falling and is starting to form support in this area and form W!
If the next weekly candle will still be green then I will look for BUY around 92,600 or even higher ...
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
DXY Bearish Cross on 1D MA50/100. Repeat of the 2017 pattern?The DXY has just formed a MA50 (blue trend-line)/ MA100 (green trend-line) Bearish Cross (BC) on the 1D time-frame. This alone has mostly been a sell sign in the past 4 years. What I am particularly more interested at is a similar occurrence I spotted on the fractal from 2017/ 2018.
The USD Index was trading on a 1 year Channel Down when the 1D MA50/100 BC took place, similar to the Channel Down it has been trading in since 2020. The 2018 BC delivered one last Lower Low within the Channel Down that formed the market bottom for the years that followed. That bottom was made on the -0.236 Fibonacci extension. That is currently just over 86.500. Can a similar Low be made this time? It is very possible with the fundamentals agreeing too, as the new Biden stimulus should further devaluate the USD. As you see the RSI and MACD fractals are also fairly similar.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
DXYas I said on March 21 ... DXY is in a strong downward trend and if for 1 week it rejected 3 weeks in a row from the Fibonacci 0.5 area, I expect it to continue the descent to Fibonacci 382!
...even if it climbed to the Fibonacci 786, DXY continues its downward trend we were talking about and will reach the Fibonacci zone 0.382 where it is a very strong area ... and even if it rejects and rises again to the 91,950 area ... the trend is in continue to descend!
...as I said last week DXY rejected from Fiboinacci 382 and closed under Fibonacci 0.236 from where ... even if it will go down a little to the area 89.800-89.300 I think it will start an ascent and will form a W
THIS WEEK...exactly as I said in the last 3 months DXY rejected from the 786 Fibonacci level and went down thus closing the Fibonacci chart that I drew 3 months ago!
From this area, I expect DXY to reject and start rebuilding the W I've been talking about lately ....
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
DXY long-term selling pressure.Pattern: Channel Down on 1D.
Signal: Sell once the Support breaks. The emerging 1D MA50/MA100 Bearish Cross was last seen on June 16, 2020 and formed a top.
Target: 87.000 (just above the 1.618 Fibonacci extension).
Most recent DXY signal:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
DXY- A clear falling wedgeSince the beginning of May, USD was weak and dropped again under 90 figure.
However, the drop is not impulsive and the lows are marginal, forming a falling wedge on the lower TFs.
A break of wedge's resistance could lead to acceleration to the upside and we finally can have a correction on usd pairs
DXY bullish longer timeframeHi there,
For now I'm still bullish on the dxy, look for a sharp move on the price action to the upside in lower timeframes, and join the wave.
Good luck
