dxy up or downa niceeeeee down move giving you direction on all the other dxy pairs but this dollar weakness could be coming to a pause as it approaches this key level
now with that being said it could just break down at this level and go fill that fair value gap and cause a nice up move for gold
we have to see how price develops here but it is a point of intrest everyone should be watching
Dxyviews
DXY Dollar New Week Possible MoveTechnical Analysis Chart Update
DXY Dollar
Time Frame - H4
Long Time Frame #LTF :
BULLISH CHANNEL
HIGHER HIGH , HIGHER LOW
Short Time Frame #STF :
BULLISH CHANNEL - It has Breakout the Lower Trend line and Completed the Retest at Fibonacci Level - 78.60%
Selling Divergence
dxy is not done!!!theres equal highs here so i beleive we see a test to that orderblock which is right by a key pivot level dxy still has a bit more upside when it gets to that level ill see what it does but if bears come in we could finally see dxy make a nice move down but until then its not done yet !!!!
DXY aka USdollar aka dollar indextheres liquidity on both sides equal highs and lows price been here before and failed to break the low creating that equal low so i believe it will sweep orders up top before fully heading down unless it breaks those lows soon and it will keep pushing down
look at previous equal highs and lows and see how it swept out liquidity b4 the actual moves
$US DXY Update 10/04/2022The US dollar is losing strength after getting rejected from the 2nd top. It also formed bearish divergence.
Currently, it is holding above the trend-line support and a breakdown below it, would be a bearish confirmation for it and if it gave a close above 2nd top then that would confirm more upside move in the price of the US dollar.
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MetaFutures
DXY US Dollar Bearish DivergenceThe US dollar is losing strength after getting rejected from the 2nd top. It also formed bearish divergence.
Currently, it is holding above the trend-line support and a breakdown below it, would be a bearish confirmation for it and if it gave a close above 2nd top then that would confirm more upside move in the price of the US dollar.
dxy where is the dollar going!we are at a very very key area right at this bullish order block on the 4hr dxy needed to pull back to in order for it to be the next leg up only if it holds of course but this is a area you want to watch if your trading and dxy pairs could be giving entries on a lot of pairs for a medium to long term swing
a break below this level can show bullish ness in dxy pairs but once again the trend is up so it has to show us bears are in control by break that green area which i dont see after a major pull back that size with no news
i would love to see the bulls take control soon but this is the 4hr so we have to wait for some more closes showing rejections at this level
DXY - 240 MINS CHART TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Dollar In ranging, Short expectedNow Dollar index consolidate on108.3-109.3. If breakout then dollar gonna another high to 111.2; If NFP data will negative, Dollar gonna 106.3 and go on.
Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price.
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