Usdindex
DXY UpdatesWe are still bullish on DXY. in the coming week we expect a little pullback from the supply zone before the index continues to push higher. the first zone in my eyes is 96.4
i highly recommend doing DXY analysis before market opening at least if not everyday. that will help you to spot important zones and directions of usd pairs and then trading the pairs in a more professional way.
Trade safe, Joe.
DXY,(US DOLLAR INDEX) ANALYSISI anticipate a selling opportunity in the coming week for DXY, it is evident that there is a triangle wave pattern with wave (e) ending at 96.43.
A breakout of the triangle pattern is expected, with a target of 95 price level.
DXYHey Traders, in the coming week we are monitoring DXY for a buying opportunity around 96 zone respecting the daily supply and demand zone in combination with the bullish trend. Once we will receive any bullish confirmation the trade will be executed.
i highly recommend doing US DOLLAR INDEX analysis at the entrance of every trading week if not everyday to trade USD pairs in more professional way. a bullish DXY can result a xxxUSD drop and a bearish DXY can result a xxxUSD Pump
Trade Safe, Joe.
US DOLLAR INDEX READY FOR A MOVE DOWNUS Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
Long position USDJPY, Support area 1.1250-1.1270Long position USDJPY at spot rate 113.05/08
Support area for this trade 1.1250-1.1275
Short term S/L 1.1247
Long term T/P 1.1550
Good luck !
DXY Head and Shoulders may lead lower. Levels to watch.My most recent analysis on the U.S. Dollar Index (DXY) was a long-term one comparing the current situation to mid 2018, plotting a potential long-term Channel Up for next year but calling first for a sizeable correction:
This time I bring you back to the 1D time-frame where my call for a shorter-term correction may be taking shape after all, as DXY seems to have formed a Head and Shoulders (H&S) pattern (which is a bearish reversal formation). That leaves us with 2+1 potential downside targets:
1) If the underlying Pivot trend-line (green dashed line) breaks, then I expect DXY to seek the bottom (Higher Lows trend-line) of the Channel Up as shown on the chart and potentially make contact with the 1D MA50 (blue trend-line).
2) If a 1D candle is closed below the 1D MA50, then I expect further downtrend towards the bottom of the blue Channel, which I expect to be the dominant long-term pattern as we move forwards.
3) If that breaks too however, I expect one final bearish target on the 1D MA200 (orange trend-line) and the 0.786 Fibonacci retracement level.
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#JPYUSD Long term view shows weaker US$ and re-test of 110Hi All, my main 3 take-outs from this analysis are the following:
1- In the weekly chart - so long term view - the US$ is possibly going to re-test the 110 area (at least!). In fact, in that area we have a strong uptrend line (in red) which will possibly act as support
2- The cross came out from a descending channel which lasted since the end of 2016, and this breakout happened in March this year
3- Fibonacci tool suggests that the cross might not only re-test the 110 level (38.2 fibo level) but also test the 109 and the 107 (50% and 61,8%)
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
#GBPUSD possible rebunce on reverse H&S neckline!Hi All, my main 3 take-outs from this analysis are the following:
1- The cross is just re-testing the static support at 1.3360, which also recalls the neckline of a wide reverse head & shoulder, which is visible in the daily chart.
2- The cross is rebouncing on the 61.8 fibonacci level of the uptrend leg that started on Sep 2020 from the 1.27 level, and this might be an area of demand which might support the rebounce
3- Talking about correlations, the fact that EUR/USD is also possibly rebouncing might support the idea of a weaker dollar in general
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
DXY Hey Traders, wish a happy weekend for y'all!
i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in the coming week expect a pullback for the dollar index around 95.9 zone towards 96.4, then we might see a potential drop.
Trade Safe and use proper risk management.
Joe.
DXY Bearish PressureAlthough US Dollar Index is in the uptrend and price is bouncing on the ascending trend line, price is facing a strong bearish pressure and has started to retrace the previous uptrend.
Currently, price is dropping sharply and I expect a fall to 95.520, which is also the 38% level of Fibo.
If today’s Daily candle closes below the yesterday’s candle and engulfs it, we expect more drop on DXY to the next low which is also an approach and a retest to the ascending trend line (94.00) for the next week.
What is your outlook on DXY?
Feel free to share your ideas in the comments.
Can the USD index rise to the range of 107?It seems that the USD Dollar Index can rise to the range of 106.430 to 106.970
DXYHey Traders, hope you had a great Weekend.
it's time now to start a fresh week, i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in this week we will be focusing on the selling opportunity of USDX around the weekly supply zone at 95.3, once we will receive any bearish confirmation the trade will be executed.
Happy Monday, Joe!
DXYDXY's next probable bullish moves + levels to watch on short mid-term. THIS may affect crypto markets strongly & cause a dip on the BTC chart/price
USD Index Nearly Its Correctio Level, Let the marker correctUSD Index Nearly Its Correctio Level, Let the marker correct first, then we can carry buy the USD against all other major currencies except safe-haven assets again.
As an investor and trader, you should buy at a low price and close at a higher price if you can't win at buying and must not make a profit at selling.
From the present condition, 95/95.30 is identified as a rising channel trend-line resistance level. So, the Dollar index may go for a downward correction to 94/93.80 points. So, all the primary currencies may get strong against 70/100 pips against the USD.
So, before you sell any central pair like Eur/USD, GBP/USD, AUD/USD, and NZD/USD or sell USD/CAD and USD/CHF, I suggest you think first. Let the market complete the correction first, then enter. Otherwise, it will be costly.
USD index strong supports identified at 93.50./93.00 points. As long as the market is above 93.00 points, we can continue to buy the USD. Breaking below the 93.00 points, the USD index will change its trend, not before I think so. and the upside target is 96/97.00 in the upcoming days.
DXY Triple Top formation aiming at 92.500The U.S. Dollar Index has made a Triple Top just over 94.260. Currently the 4H MA200 (orange trend-line) is giving a short-term bounce but the true Support is the 1D MA50 (red trend-line), which already held once on October 28.
Based on the long-term Bullish Megaphone though, the downside target of a Higher Low is the 0.786 Fibonacci retracement level and that is around 92.500.
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USD index pt. 3red falling wedge has been completed.
Price can go up to around 94,7. there it should turn around.
But there will be NFP and unemployment news in a few minutes, so I closed my EU shorts and now I'm waiting.
I expect that USD index should fall and EURUSD should start to rise.
Wait for the news, to show where price will go next.
Good luck.
DXY , Where we are Hello guys
Are you ready for this week ??
In here , this idex is between these 2 R & S zone that shown on chart
But we have a key in chart ( key : the point of change trend ) , And now at this time the trend of idex is downward and we need best zone and area to take short position and sell
At first when the price is coming to our sell zone area then take signal like ... then take short position and sell
Dont forget use stop loss and attention to money management
Good Luck
Abtin
USD sideway ,a little hard for it to push higher Right now 93.6 should be flip zone for USD....
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Hello there!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Dollar index in the near futureThe dollar index is approaching a resistance. At the same time, divergences can be seen in the indicators. In case of reacting to this resistance, this index can initially drop to around 93.5 and if it breaks its white support line, it may fall to 92. But if this resistance is broken by the good news, this analysis will be rejected. Technically, there is a high probability of a fall, but for this we have to wait for the news. A lot of news is on the way this week.
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USD a little side way,slighly on the bearish side...Either break to test 94.70-80 as R
OR
break lower to retest 93.70-80 area.
>>>>>>>>>>>>>>>>
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
DOW on a bear move 🦐DOW on the daily chart is trading over a daily support.
The price has tested the level a few times and turned at the 0.618 Fibonacci for the last retracement.
According to Plancton's strategy if the market will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
