us dollar indexThe dollar index enters a downward wave
Expect further decline
After that, the price will recover
SDX1! trade ideas
US Dollar Index is looking negative ahead of CPIWatch the April low at 100.42.
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#DXY #F.US.SFX H1 Targeting An Equality TestIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
#DXY #F.US.SFX H4 Short Entries IdentifiedIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
Is USD preparing to EXPLODE upwards?USD falls when there is an abundance of dollars, and rises when there is a shortage. It is an empirical fact that the world has been structurally short dollars since 2011 (really, since the GFC).
And the conditions for this trend haven't changed yet. Debt-to-GDP ratios keep increasing, credit impulses are waning, and the rate of productivity growth is stagnating. The upward pressures on dollar funding continues on.
The question is whether or not the dollar's fall since September 2022 is over. And there are early signs it has. We're ostensibly at the bottom of the new USD range.
Generally, it appears to take about 90 days for TVC:DXY to get back to the top of the range. Which would put us at a +12% gain by summer 2024. Riding a dollar bullrun for the next year can be lucrative. Not to mention all the other correlation trades that come into play.
DX Side ways nowDX is in a side way move and seasonal is down till th end of July.
That will push some stocks and some commodities to the upside in this period.
THE USD TO DROP ATLEAST ANOTHER 15% BY LATE 2024The image presented shows our Elliott wave analysis on the price of the US Dollar index futures contract. We have reason to believe that we completed a 5 wave advance off of the 2008 low into the 2022 high to form primary wave one. Notice how nicely the impulsive advance is channeled utilizing the parallel channel tool in trading view. This redefines the trend as up (unless its a C wave of a running flat correction ) which means that the USDX started a cycle degree advance from the 2008 lows. We also have reason to believe that we are currently in the wave 2/B correction that started in late September 2022. The correction spoken off still has lower to go probably to the 61.8% Fibonacci retracement presented on the chart. From a time cycle perspective, we are convinced that we have most likely seen the high of the nominal 54-month wave which would be confirmed by the break of the 18-month valid trendline presented on the chart (red uptrend line of recent price action). Once we get this confirmation we can rest assured that the USDX is on its way lower to 90 or below which means another 15% decline before this market stages a healthy recovery in 2025 basis our time cycle analysis!
Manage your risks accordingly
Ahmed Farghaly
buy gold with dollarwe have a high probability to see in the next month dollar will keep dropping .
new trend is coming sooon
#DXY #F.US.SFX H4 Pivotal 103.30/60 TestIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
USD is now bullishThe USD has given a couple of bullish signals and these are:
1. A higher high and breakout close of the highest close in the last 10 candles;
2. the MACD is turning up, crossed up the signal line too;
3. the VolDiv is beginning to turn upward and significantly turned up (white dot trigger);
4. The higher high and higher low pattern to bottom out of a downtrend had just happened, although a bit later than projected (points 1 to 5). Look forward to a higher high surpassing 106.62 and its a clear bull primary trend.
105.62 is the upside target. Then possibly 101 the downside target.
Heads up!
ps. There is something about the spike in the USD... a combination of Powell talk and the Feds raising interest rates, with a equity market panic attack. Note the imminent latter.
This also affects a lot of other plays, Gold and Crude oil, for example. Crypto may be affected but Bond rates and prices definitely!
Will dollar index reapet same pattern?It is possible that dollar will get in strenght in the near future. That is possibly not so good for a stock markets and crypto. Break above the white line is a confirmation for me.
#DXY #F.US.SFX Action Areas For The Trading Week AheadIn this update we review the recent price action in the Dollar Index and identify some high probability action areas for the trading week ahead
*Past performance is not indicative of future results
20 Reasons For Sell DXY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The 12-month timeframe shows a clear bearish structure with the formation of a 3rd higher low (HL), indicating a continuation of the bearish move. The overall big picture is not favorable for the dollar. Last year, there was a large wick candle with a tap of the ultimate high order block.
2:📆Monthly: Currently, there is a clear bullish trend, but there is a visible consolidation (choch) on the monthly timeframe. A high volume candle at the top is followed by an inside doji and a fall in price. The price has been consolidating for the past 5 months, but there is potential for further downside towards the recent order block around 98.00, which can be a profit booking area.
3:📅Weekly: The price has confirmed a valid high and formed an internal consolidation (choch), but the low is yet to be confirmed. Based on the bigger picture, we anticipate further downside moves until the 100 area. We should hold our sell positions until the price taps the order block area at 100. A corrective move is expected once it reaches that level.
4:🕛Daily: The daily timeframe shows a bearish structure with potential for further lows. The last low is still protected, but given the bearish trend, there is a high chance that bears can push the price towards the 100 level during the current impulsive move.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bearish
6: 2 Pattern Candle Chart: A window (gap) is present, which can act as a Continuation In Pattern (CIP). Additionally, a descending triangle is putting downward pressure on the price.
7: 3 Volume: Volume increases during bearish moves, indicating more selling pressure. Until the market gives a clear signal, it is not advisable to consider buying at any level.
8: 4 Momentum UNCONVENTIONAL Rsi: The market has lost momentum, but it is not yet strongly in favor of the bears. A strong rejection at the window area or resistance at the 60 level is needed for price confirmation.
9: 5 Volatility measure Bollinger bands: After a big volatile move, the price needs to calm down and may enter a period of consolidation or make a minor correction towards the 20-day moving average before continuing its downside move towards the target.
10: 6 Strength ADX: The ADX indicates a sideways trend at this point.
11: 7 Sentiment ROC: There is no strength in the sentiment ROC.
✔️ Entry Time Frame: H1
12: Entry TF Structure: After a strong bearish trend, there is a consolidation (choch) pattern forming. Upon closer observation, the daily window, extreme order block, and structure high coincide at the same point, making it a strong supply area or rejection point. We will place a sell order when a strong signal is formed.
13: Entry Move: The entry move must be impulsive.
14: Support Resistance Base: Daily window, extreme order block, structure high.
15: FIB: Trigger event done based on H1 timeframe.
☑️ Final comments: Open sell entries at the market opening, and if the price goes further up near the window, consider a second sell entry. A third sell entry can be placed if the market creates an internal Breakout-Sell (BOS) signal.
16: 💡Decision: Sell
17: 🚀Entry: Sell between 102.885 and 102.2
18: ✋Stop Loss: 103.175
19: 🎯Take Profit: 1st target at 100.5, 2nd target at 99.5
20: 😊Risk to Reward Ratio: 1:4
🕛 Expected Duration: 10 days
#DXY #F.US.SFX H1 Fading The 103.20/30 For 102.30/20In this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
*Past performance is not indicative of future results
#DXY #F.US.SFX H4 Trading A Potential Wave 5In this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
USD bullish to consolidation range resistanceJust a quick note that as Biden signed the raise of the US debt ceiling, the USD is going to be bullish for a bit, and then meet the upper range resistance, and then lose it to get back to range support.
Projection Targets marked.
#DXY #F.US.SFX H1 100pips Lower From Resistance, What Next?In this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
USD Dollar possible longbullish order blocked formed on 4h time frame on 23rh may, 2023. price until hold 102.80 suspect bearish, if breach then may suspect more down. demand zone 103, sl 102.70, target: 104.30
DX1 DOLLAR💥1H-TIMEFRAME ANALYSISDX1 DOLLAR💥1H-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥Dollar Index
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
💥 DX1 DOLLAR 1D-TIMEFRAME ANALYSISDX1 DOLLAR💥1D-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥Dollar Index
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
Ready to geto to 105 After bouncing off the support at 101, the DXY is perfectly following the predicted trajectory, despite all the USD bearishness in the market. I am expecting a brief retest of 103.6 and then a push to 105 area. NFA
Dollar extendedThe breakout of the 102.75 resistance level has met the initial target at 104.085.
If momentum persist, the United States Dollar Index can push towards they key resistance zone at 105.0 region.
The current upside momentum is extended with RSI approaching 70 and if price is to reach the 105.0 with the current momentum, it will be considered at overextended and potentially sell opportunities can be looked into.
DXY index - long idea A stronger dollar may impact various sectors, including international trade, exports, and foreign investment. It could also influence the relative performance of other currencies and potentially reshape global financial markets.
The DXY index, is poised to close the gap at the significant level of 105. This development has garnered attention from market observers and traders, as it represents a potential shift in the currency's strength.
So I'm watching
Waiting for 105 , and after that will we look to some crypto positions
Thanks for attention
