dxy next move2 scenarios can happen the dollar is bullish right now since it just recently broke a high now i would like a pull back but tbh it could just keep pushing up to the high b4 coming back down but once price gets to that high i will see how price action develops
this is just more confirmation on golds sells we are already in for the pull back
110.360-110-800 area where i see it pushing to
Dxyviews
dxy #1this is a turning point for dxy it did create a lower high last week close also opened with a gap
also has a lot of trend line liquidity resting below and the external trend is still down
now on the flip side there is equal highs and also dxy could push up to the 112 area which would be a nice discounted move
20 REASON FOR SHORT DOLLER INDEX1 Structure analysis time frame DAILY
2 target time frame :DAILY
3 Current Move : IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: BEARISH
4.2 entry move : RETRACEMENT
5 Suppot resistence base : H1 ORDER BLOCK BLOCK
6 FIB: DISCOUNTES AREA
7 candle Pattern: MOMENTUM ENGULFING
8 Chart Pattern: RISING WEDGE BREAKOUT
9 Volume : DRIED
10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS
11 Volatility measure bollinger bands: POSSIABLE DIVERGENCE MOVE
12 strength ADX: BEARISH
13 Sentiment ROC: STRONG BUT ITS A DAILY CORRECTION
14 final comment : GOING DOWN FOR A FINAL TARGET
15 : decision SELL
16 Entry: 110.540
17 Stop losel: 111.090
18 Take profit: 108.260
19 Risk to reward Ratio: 1:4
Excepted Duration : 4 DAYS
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
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