THE DXY IS GOIN SIDEWAYS exactly like we anticipated WHAT WOULD HAPPEN ON the DXY for this end of the week, we won't see any big move on the USD pairs until it bounce off the 93,40.
we have to understand that this 93,40 is a very important key level, if it breaks we will see a big move to the downside, and that so we the 93,40 is a strong support level , to break below it , we need to have a very bad news on the dollar $.
Dxyviews
DXY - Outlook 8 October 2020 - Complicating USDHi all traders,
This is a video analysis for dxy.
DXY is gonna be volatile as the US election nears.
but we are also at an important levels where traders could make some pips trading it.
So take note of those levels i have explained in the chart.
hopefully you will take some trade off it and make some pips.
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DXY multi timeframe analysisGood day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
Hour 1 chart
DXY is below the 93.50 level and trading within a confined range and its in a consolidation range between 93.35 to 93.50.
On breakdown of the either side will decide the next move of the DXY. On overhead 200 EMA and Downward trend line will act as resistance
Hour 4 Chart
After the consolidation phase it has felled below the box and broke the trend line which is acting as support for the bull since September 01.
We can expect retest play here and 200 Exponential moving average is coinciding with the trend line which is double bonus for the bearish trend
Daily chart
In daily chart yesterday its leaved a strong bearish engulfing candle and today it is moving within the previous day candle which is a clear indication of the selling pressure.
It has managed to reach the 94.75 important level and felled below the 94.00 key psychological level and even its broke the .50 Fibonacci and 93.75 key level which was previously expected to be a strong support level
93.5 level will act as support zone for the bearish trend
Disclaimer
Its a forecast of the next expected moves Not a financial advice
Daily Update- Buy -DXY(Dollar Index)-- W1Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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DXY - Outlook 30 Sept 2020 - Bears or bulls? You decide! =)Hi all traders,
This is a video analysis on dxy.
Currently bears are making some short term waves but do take note of some levels as explain in the video for you.
Click on the video and you will be made known of these levels..
Cheers and thank you!
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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
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DXY DOLLAR INDEX - a map for the future DXY DOLLAR INDEX - a map for the future - From the LS MASTER TRADING SYSTEM channel
Losing 93.3 , which is the actual support in green would be pretty important for the Dollar. For this reason this level must be carefully monitored.
During the future years, this general map will help our traders to visualize in the fastest way where we are heading in the Dollar journey.
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!
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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.
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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
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DXY - Bullish outlook Hi all traders,
This is a video analysis on dxy.
FOMC is this week, so please trade safe.
I have pre-warn some of the levels within dxy, so please take extra note on it and trade safe as always!
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Hope you like this video analysis on dxy.
Cheers!
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.
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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!
DXY - bear biased Hi all traders.
For dxy, im still viewing the market as a major downtrend
As of now, im viewing it as a possible descending triangle
Most probably we might see some retracement happening within the triangle then further downside
Once support is broken, then we should see continue selling on a long term.
Cheers!
dxy - short still intacthi all traders.
Morning!
As shown in the chart, the bear flag is still intact
And so far, we have seen signs of bear defending the area as shown in the callout box
If there's any break out of this bear flag, we should continue to see this dxy to continue going downwards.
Cheers!
DXY - bear flag potential // break out of the box rangeHi all traders,
Morning! This is daily updates for dxy.
As you can see from the dxy, we might be seeing a potential bear flag.
If we were to break out of the trend line , we will see potential downwards movement, any further low , previous week low must be broken to further strengthen the bears on it.
As usual, any buy for dxy must be only above DAILY timeframe 200ma or trend line as shown.