Get started

Dxyviews

DXY 200 points run has completed 92.75 to 94.75DXY After the 200 point run from 92.75 to 94.75 its gave back some of the earlier gains. And reached 94.16 today. And reached the downside trend line which is drawn from September 09 low 92.70 We have observed that DXY tend to move from 92.75 93.75 94.75 levels in upcoming days will update about the market reaction from this levels After reaching the 50% Fibonacci retracement level its started to slowing down. I think today bearish run is a short term correction. If the trend line got broken then the downside target would be 94.00 comes around 61.8% Fibonacci level and key psychological level. 94.00 is acted as resistance for DXY Since July 28 and the level is broken on 22 September and stayed above this level If the DXY is remain well above 94.00 means the bull is still have a major control here. Negative risk sentiment causes USD,JPY to rise thus DXY got some major boost and in recent days the equity markets around the world seen some kind of September selloff. The investors remain worrying about second wave of COVID-19 infections and the Possibilities of No deal BREXIT and the upcoming United states of America presidential election Today weak momentum in USD is caused by the relative strength of GBP and CAD though its contributed meager amount in basket of currencies against greenback. Today XTIUSD also got some major bid as tits traded well above the 40.00 level. And the equities are starting the week with solid gains thus its makes the USD less attractive Currently DXY is trading below the 50 Exponential moving average and above 100,200 EMA On Elliot wave theory The minor waves are completed from 92.75 to 94.75 and currently its forming a minor ABC correction waves. After the completion of c wave we can expect another 1-5 wave formation DXY has reached the lower region of the Bollinger bands and we can expect minor rebound from this level. If the price got some major rejection around 94.60 then it will form a clear Head and shoulder pattern and selloff will happen RSI has reached oversold area and showing some signs of rebound towards 50 Give us a thumbs up if u like our work and do follow us
TVC:DXYLong
by forexorbit
18
DXY - Outlook Sept 27 Sept 2020 - Bearish or Bullish? Hmmmm~Hi traders, This is a video analysis on dxy, Take note of all these levels i have explained in the video. I have also attached the 23 Sept dxy video analysis which is still valid. There are some levels that i have explained then, and now it's still true and holding rather well. Cheers! ***Follow me on tradingview for more video analysis**** ****Like and share with all your friends for this dxy analysis*** Thank you and trade safe!
TVC:DXYShort
by FxTradingWarrior
DXY - outlook 23 Sept 2020 - Buy biased but be wary!!!HI all traders. This is a video analysis on dxy. DXY is actually on the upside for now, but be wary that dxy is still a downtrend for now. There are a few levels that i have pre-warn within the video for traders to take extra note on it. Do take extra note on this because dxy usually will affect most of the usd pairs movement. Especially for EURUSD. As always, hope you like this video analysis. ***Follow me on tradingview for more video analysis*** ***Like and share this tradingview idea with your friends*** Thank you and cheers!
TVC:DXYLong
by FxTradingWarrior
DXY is out of the ranging territory USD buyers will be happyDXY manage to break the losing streak from March to August end. From this month DXY has broke the resistance level 94.00 which is comes around .382 Fibonacci retracement level Broke and retest was happened today This will give some conviction to buy the USD. As EURUSD and DXY tend to move in a opposite direction and today EURUSD is also makes some lower correction DXY passed some major psychological hurdles such as 92,93,94 and next near-term target would be 95.00. After touching the 92.75 level strong bullish candle was formed. 92.75 level acted as a resistance for the bearish trend On Elliot wave principal the wave 02 was completed and the 03 wave was underway. Before this impulse wave correction we can see the Elliot triangle waves from A to E The swing target would be 96.40 which will act as major resistance for the bull. Buyers of the US dollar will be happy enough as DXY manage to move above the ranging territory ------------------------------------------------------------------------------------------------------------------------------------------ If you like our work give us as like and follow our profile You will get regular updates and ideas about the market Leave your valuable comments below
TVC:DXYLong
by forexorbit
2
DXY - bullish biasedHi all traders. For dxy, it seems like it has broken above the major trend line on the daily which will also signal the strong possibility of usd strength However, we still have an important resistance that we need to break 93.90. If this level is broken, we should continue to see the strength of dxy towards the next blue trend line before any bears appear. If 93.90 is tested multiple times and yet still fail, we should see bears continuation. Follow me on tradingview Like and share this post with your friends. **Disclaimer: All trading ideas are of my own personal view** Cheers and thank you everyone!
TVC:DXYShort
by FxTradingWarrior
dxy - possible upside to continue Hi all traders. Please take note for dxy. Currently dxy has slightly broken the trend line but still trading below the 200ma. On the h1, we are seeing dxy with structure still intact. As such, as long as structure holds, we should be expecting the 200ma to be broken next week on h4 for more upside confirmation. However, if h1 structure doesn't hold, we should see dxy continue going downwards. It remains to be seen, but be prepared of how dxy gonna move next week.. Cheers!
TVC:DXY
by FxTradingWarrior