DXY - Little pull back!Hey!
Hope all is well.
Here's a quick trade idea you can dive into whilst using your own trade plan as well...
All the best,
TJ
Disclaimer: Not Financial Advice
Dxytradingsetup
DXY- On its way to 102? (weekly outlook)Since 2008 low from 72, DXY has traded upwards, and after 2015 break of 90 resistance, this zone has become a strong support, with the price reversing from here in 2018 and twice in 2021.
Recently the price also has broken above 95 interim resistance and seems determined to challenge 102 resistance.
Looking at the "power" of USD this 4% rise is very probable to happen by summer and swing traders can look to sell USD pairs like EurUsd, GbpUsd, NzdUsd, and AudUsd.
P.S: This is a clear example of Gold positively correlated with USD. So, don't trade the correlation (or what you think it is), trade the asset!
DXYas I said on last weeks .. DXY still keeps the premises of forming a pattern that it has been following since May 2020!
...as I analyzed ... DXY rejected from the 94500 area and closed over 95150 from where it climbed to the target proposed by me ... 96400!
THIS WEEK... as I analyzed last week, DXY hit my 96400 target from where it rejected!
In the next period I will try to play between 95100-96700 until the first closing outside this area
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
DXYas I said on last weeks .. DXY still keeps the premises of forming a pattern that it has been following since May 2020!
... I said in my last analysis DXY reached the 94500 area from where it strongly rejected!
in this area I will wait to see a trend for at least 1 day before entering the trade ... so,
- in case of a closure even for 1 day above level 95150 I will look for BUY towards 96400-97.900, otherwise I will look for SELL towards Fibonacci 618 from where UP again towards 97900-98300
THIS WEEK... as I analyzed ... DXY rejected from the 94500 area and closed over 95150 from where it climbed to the target proposed by me ... 96400!
I will continue to look for this target and from there I will redo the entire technical analysis!
However, I recommend that you wait for the evolution of the news about the conflict in Ukraine before making a big move on the DXY
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
DXY Chart H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY EXPLAINED 📉📉📉🎯 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
DXY Chart H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY Chart W1Here is weekly Analysis for DXY on W1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY- Is this a double top?After reversing from the very strong confluence support at 94.50, DXY made a new high above 97.
However, what should have led to continuation proved to be a false break and we have an Evening Start candle formation which marks strong resistance.
Yesterday the index also has broken down under the ascending trend liner and now is facing support on what can very well be the neck-line of a double top.
A break under this support would give us confirmation for the pattern and could lead to further losses towards 92 support.
DXY SHORTS SHORT TERM 📉📉📉📉 Expecting bearish price action on DXY from a short term premise as price takes out all the buy side liquidity above 97.000 and range area, on a intra-day perspective price takes out previous daily high and asian highs that means market is due for a correction, from a long term perspective USD is very bullish for me
What do you think ? Where go next ?
DXY- Up we broke, 100 is in cardsIf you follow my ideas, you know that I'm bullish USD for quite some time, and the market didn't disappoint me so far.
Looking at DXY, we can see that after the drop from 2 weeks ago, USD has found strong bids exactly in the confluent support given by the trend line and the horizontal one, and a strong V shape recovery followed.
Now we also have an up break of the old resistance and consolidation and the index looks determined to reach 100 psychological figure.
The strategy for USD pairs should be to sell rallies for EurUsd, GbpUsd, AudUsd, and NzdUsd
DXY wave higherHi fellow traders, looking for one more wave higher now that this flag correction has completed on the dollar. Goodluck!
DXY Chart H4Here is my view for DXY on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY SHORTS 📉📉📉📉 Expecting bearish price action on DXY as price takes out weekly high and made a huge bearish momentum that means price is due for a correction, we have a lot of liquidity that has been build on friday low that has to be taken out, please be aware that tomorrow is FED meeting that could bring volatility into USD.
What do you think ? Comment below..
DXY Chart H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY
as I said on last weeks .. DXY still keeps the premises of forming a pattern that it has been following since May 2020!
... as I said in my last analysis ... I will look for SELL per DXY up to around 94,500 because as we show you towards the end of 2021 I noticed a pattern that has formed since June 2020!
THIS WEEK... as I said in my last analysis DXY reached the 94500 area from where it strongly rejected!
in this area I will wait to see a trend for at least 1 day before entering the trade ... so,
- in case of a closure even for 1 day above level 95850 I will look for BUY towards 96400-97.900, otherwise I will look for SELL towards Fibonacci 618 from where UP again towards 97900-98300
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
DXY SetupDXY is trading in a short term tentative bearish parallel channel. Two senarios can play here
1. Bears Control - DXY take a hit from parallel channel and drop to support level.
2. Bulls Control - Price break sharply above the parallel channel and meet its recent high.
Trade your levels accordingly.
DXY Prediction M15Here is my view for DXY on M15. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY- 95.50 is now resistanceAfter consolidating around 6 weeks in a 1.5 points range, last week DXY has fallen under support giving us a strong bearish signal.
This drop was stopped by the horizontal 94.50 support and how the index is searching for direction.
The incapacity to stay above 94.50 support will be very bad for USD confirming a false break and a lower high in place on the longer time view and also opening the door for losses towards 90 zone.
On the other hand, if bulls manage to drive the price back above 95.50 we will have the confirmation for a trend change for USD and we can expect continuation to 100.
A good strategy can be to trade the range for USD pairs till clarification.
DXY Hello traders,
starting this week I will start doing my weekly analyzes for the year 2022! I wish you a happy and fulfilling New Year
as I said on last weeks ..DXY still keeps the premises of forming a pattern that it has been following since May 2020!
Just like I told you, DXY is in a very difficult area and even if it can force you and reach the 97480 area ... I will look for SELL in the next period
THIS WEEK... as I said in my last analysis ... I will look for SELL per DXY up to around 94,500 because as we show you towards the end of 2021 I noticed a pattern that has formed since June 2020!
indeed, DXY went down to the mentioned area from where I will wait for a range and a descent to the Fibonacci 618 and then ... UP AGAIN!!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
USD- The REAL moment of truth!Since May's 2021 low, the Dollar Index was very bullish and the price has risen around 8%, but more importantly, has broken above 95 zone very important resistance.
After this important break, the price consolidated for one and a half months, but the price lacked continuation and, instead, has broken this consolidation to the downside.
At this moment we can't say out loud "reversal", but there are a lot of red flags coming with this development.
Technically the index is sitting on confluence support now and the trend remains up so far.
However, a clear break under this confluence support would be extremely bearish for USD with the confirmation of a false break and more importantly a lower high in place.
If this is the case, Dxy can drop and revisit the 90 zone if not even further
DXY Chart H1Here is my view for DXY Chart on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY Chart H1Here is my view for DXY Chart on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
