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Dxytradingsetup

DXY Short at resistanceAnalysis: I've seen DXY correctively retrace towards a diagonal resistance (trendline). & It is currently entering into a 2 day reversal zone. Hypothesis: I am looking for latent sell orders to kick in at these levels, and a final wave down will ensue. Price should trade down to a Weekly reversal area, where I have indicated by the blue arrow Risk Management: Trade potential 3:1 + Take off half at 1:1, and move stops to Break even. Let rest ride to Target. If you are concerned about shorting against short term bullish momentum.. you can wait for a 4hr bearish candle before entry. PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
TVC:DXYShort
by james_007
US Dollar Currency Index (DXY) Medium TermMulti-day view: DXY price action contained in a multi-month bearish channel decelerating with new tops and lows, finally clearing the May 2016 lows. Current price action has so far stalled near the prior resistance area but I am likely to see a break of this area as there is a bullish divergence under play and momentum is supporting the view as well. So I am likely to see DXY visiting 38.2% retracement area (95.90) over the coming days or so. Strategy: Buy on dips for a target to 95.90, stop below 91.66
TVC:DXYLong
by UmarAbdurRehman
DXY shortHi Seildev here. This looks remarkably similar to the DXY slip in May this year. - Point A shows the attempted recovery from 18th/May ~ 19th/May however fell lower within a day - Point B shows similar patterns which shows recovery however will fall within a day. Projected high move to hit 96.44 and fade. Projected DXY to be 94.5 by end of this month. DXY has been avoiding patterns and showing impulse movements to bait retail traders which in turn reverses after 24 hour period. This is the new day of Q3 and start of new financial quarter which psychologically may portray a "fresh start" image for the heavily fading US dollar in the past quarter. I believe this would be a fake out and will reverse within 96.2 ~ 96.4 down to 94.5 by the end of this month. Please trade with care. This is only my opinion from backtesting.
TVC:DXYShort
by seildev