Seems easyVery predictable movement following the trending books that you can buy anywhere.
Rejected by the Moving Average and with a clear direction.
Happy trade :-)
SDX1! trade ideas
DX1 during Dec'20looking at broad picture, it seems DX1 would be in a down trend during Dec'20 expecting to visit maximum 88.000 level so far.
Hence reversal sould be early 2021 and if there is good pace would make a top by Dec 2023, if market move little bit slow then top can be achived by Dec 2025.
Dollar Index with VFI, Modified RSI and WMA.This is a way to track the move or trend of any instrument. Works very well when tracking BTC, Stocks, Dollar Index, ETH, Forex, as tested and also any other instruments such as futures.
A modified RSI, VFI and WMA are used to confirm each move with technical indicators.
DX1! Technical Analysis after complete bearish impulse now it is looks like this chart try to complete corrective wave.
chart pattern target will be 92.300 (fib 0.618).
head and shoulders neckline & 200 EMA can be help bulls to fly higher. stop loss should be 89.800
Elliott Wave View: Dollar Index Correction In ProgressShort Term Elliott Wave structure in Dollar Index (DXY) suggests the decline to 89.209 on January 6 low ended wave (3). Wave (4) bounce is currently in progress and the Index shows an incomplete 5 swing sequence from January 6 low, favoring more upside. Internal of wave (4) is unfolding as a double three WXY Elliott Wave structure. Up from wave (3) low at 89.209, wave ((a)) ended at 90.13 and pullback in wave ((b)) ended at 89.66. Index then resumed higher to 90.728 to end wave ((c)). This move higher also completed wave W in higher degree. The Index then corrected in wave X as a zigzag. Down from wave W, wave ((a)) ended at 90.3, wave ((b)) ended at 90.55, and wave ((c)) ended at 89.932. This completed wave X.
Index then resumed higher in wave Y, with internal subdivision of another double three in lesser degree. Up from wave X, wave ((w)) ended at 90.95. Pullback in wave ((x)) is in progress and expected to hold above wave X low at 89.93 for further upside. Potential target higher is 100% – 161.8% Fibonacci extension from wave (3) low which comes at 91.43 – 92.37 area where sellers should appear for 3 waves pullback at least.
Dollar future continues to riseDX=F is continuing its advance as E7=F and GC=F moving lower. I am still long term bearish for US dollar but short term bullish looking at the chart.
DXY (US Dollar) - LONG; Buy it up!!TVC:DXY
This is a continuation LONG - from this post;
To trade it, just follow the arrows!
Here is the Long Entry;
Dollar Index Looking good Monthly Chart of Dollar Index is looking good at current levels.
Trendline Support
Price action based strong support
Dollar Index, if it will break 90.60 area than USD may be strongDollar Index, if it will break 90.60 area than USD may be strong for long-run
DXY ~ Can expect some bullishness above 90.5$DXY showing some strength in LTF. Can reverse if trades comfortable above 90.5$. If not, will form base here in the range 90.5$ to 88.5$ for breakout or breakdown. Bearish only below 88.5$.
Also im in slightly bullish bias for this reason.
Let's see if we can establish a baseThe TD daily 9 in combination with the weekly 9 worked like a charm. Let's see if we can establish a base from which the bulls can start their next attack. As long as we don't make a lower low we are still game on.
DXY (Dollar Index) 1H : Trapped sellers due to price GAPThis Sunday, DXY / Dollar Index / DX1! gapped up, trapping a bunch of shorts.
When price comes back to them, there's a high probability of them exiting - giving us a long trade!
The USD rising again !Two weeks ago, the USD was seen to obviously be in a bullish divergence and was squeezing to burst up.
On Friday, it just did that... so to demonstrate the daily chart would be used instead.
The USD (no surprise here) popped up on Thursday and Friday. On Thursday, the USD index bounced off the descending wedge support and Friday's candlestick was a Gap Up, breaking out of a downtrend line.
Technicals support this move as MACD crossed up, while the Price Momentum crossed over into the bullish zone, as marked by the green time line.
Quite clear technical bounce observed here. Now to see if it is sustainable or trend changing.
Btw... I'm a little cautious on seeing this chart. Because, in order for the USD index to rally really hard, and breakout of the descending wedge from this point, some pretty devastating event needs to happen. Nothing in plain sight, except for the US President handover, the alarming COVID-19 spread and massacre. Something major is brewing...
Dxy climbing on UK Aid inverse head and shoulder on the dxy 4 hour. dxy gaining some strength on the UK 4.7 billion aid. the pound weakening gives the dollar strength
US Dollar Index Futures (ICE US: DX) : up to 96.460In the short term, US Dollar Index Futures (ICE US: DX) prices are likely to rise and key prices are 92.535, 93.350, 96.460. In the long run, they may move in the range of 90.990 and 97.935.
DXY (Dollar Index) Some areas of potential reactionHere are some areas on DXY / Dollar Index / DX1! which are potential areas that could trigger a reaction.
Remember, don't trade these zones by themselves - but use a lower timeframe, like Daily or 4H to find the trading opportunities.
These zones on the weekly chart are a reference to what are some primed areas based on the history played out!
DXY (Dollar Index) Long term movement prediction for 2021DXY / DX1! / FX:USDOLLAR / Dollar Index is searching for liquidity, bouncing up and down in the process.
This is my long term prediction on how it could move - given no major economic shifts.
Option 1
DXY breaks below the Q1 2018 lows, collects liquidity
It then runs up to fill in the fair value gap from Q3 2020
It then falls down and get rejected from Q3 2014 lows as those trapped shorts exit - creating a rally
It then falls down again below Q3 2014 lows to collect liquidity
Heads back up again in search of liquidity
Option 2
DXY creates a short term low just before Q1 2018 liquidity run, so that it can trap even more traders
It then runs up to fill in the fair value gap from Q3 2020
It then falls down, collects the liquidity below Q1 2018 lows
Get rejected from Q3 2014 lows as those trapped shorts exit - creating a rally
It then falls down again below Q3 2014 lows to collect liquidity
Heads back up again in search of liquidity
