💥 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💰😍
SDX1! trade ideas
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
While everyone is bearish, the USD could surprize to the upside Everyone in bearish on the USD, but with the upcoing FED meeting and the price that found support at 101 level, we could see a breakout and a visti of the 200 SMA (ca. 102.9), with an extension to 103.6. This wouldn't suprize me, be prepared out there! NFA
#DXY #F.US.SFX H1 To Fade Towards 104.50'sIn this update we review the recent price action in the DXY and identify the next high probability trading opportunity and price objectives to target
DXY long - we need to close gap Gm people
Today we will look TVC:DXY chart
in 105 we have gap
so I think we will close this gap soon , i hope
but it's nfa
Have a nice day
Dollar break outThe United States Dollar Index overextends past the 102.75 resistance region last week.
As price is now extended, the Dollar potentially may retrace towards back to the 102.75, now support region or even the 102.100 support region before heading higher depending on the structure. A retest confirmation may push the Dollar towards the 104.085 resistance region.
DXY W1 Bullish Reversal, What Next?In this update we review the recent price action in the #DXY and identify the next high probability trading opportunity and price objectives to target
Dollar climb towards resistance levelThe United States Dollar Index broke out towards the upside, invalidating both the descending trend line and the daily 50 exponential moving average (EMA).
Price is met with resistance level at 102.75 which can push price back towards 101.54. However, if the resistance is broken through, we may see the Dollar push towards the 104.085 region.
LONG USD IN MAY- Based on Next Forward Contract
- Bullish on Dollar in coming weeks
- S&D: Previous Imbalance is current Demand Zone
- Wyckoff: accumulation pattern unfolding
- Pivots: Monthly M2 to Monthly M4 = Previous Year Open = Target
- Looking for downwards pressure on Majors in coming weeks
DXY H1 Looking To Fade Into 101.80'sIn this update we review the recent price action in the #DXY and identify the next high probability trading opportunity and price objectives ot target
Dollar remains weakThe United States Dollar Index attempts to push above the descending trend line but failed miserably as price reverses back below it.
If price were to break below the 100.69 region, price can potentially descending towards the 99.365 region.
USD to drop a bit more, and create ripplesThe week ended a little confused, post NFP and other announcements.
The only slight clarity here is that over the next week (or few weeks), we should see the USD dropping a bit more, breaking down both support lines, for a few days. IF "lucky", the USD futures should reach target at 99, even for a day or two.
Now, this comes with a bit of a stretch with volatility in the other parts of the market too, affecting commodities, indexes, forex etc.
Later analysis posts, is based on the background scenario in an increased likelihood of a USD decline.
USD looks to break last low and support... The USD Futures Daily chart is already pointing that way... Once it breaks the yellow support line, it will look for 99.
MACD slowing its ascent, while VolDiv is crossing down itself and below zero line.
TD Setup is bearish for the USD.
Bearish outlook overall.
USD to slide more...watch the rest of the week.
The USD is likely to slide down further based on the MACD; but VolDiv suggests that it is not likely to be a drastic off the cliff type.
A revisit to the last low is very probable (small yellow ellipse) as it broke down the TDST (red dotted line) and should continue to remain below. If it closes the week below the TDST, USD is in a firm bearish trend and next downside target is at 99.
USD Dollar Index possible doubble btoomDemand zone for long 100.80-40. 14th April daily key reversal bar indication for strength ahead. Price in range between descending triangle. if breaks down demand level then possible for 0.9330.
us dolla?good eve'
last post for awhile ---
---
-pretty channel,
-rejected 221 dma
-bear flagging,
-less people are interested in this currency these days.
---
us dollar looks to me like it's ready to capitulate.
my estimated downside target is 92.
> do what you will with this information.
---
read further:
Dollar Index with very bullish patternsHey traders!
Seems like since few days we have nice accumulation patterns on Dollar Index. Sellers loosing power in last two days and buyers taking slowly control. Very strong buying waves on the last highs give extremely bullish patterns.
Trading around upper channel line is giving information that buyers try to go high buy still they absorb short selling. the dollar index is weighted by the euro in 57%, so if the breakout accrued on this chart EURUSD should be traded short.
Indicators used to market analyses:
Wyckoff Wave Chart
Wyckoff Wave Volume
Wyckoff Wave Trend
Dollar still below descending trendlineThe United States Dollar Index ascends towards the descending trend line but quickly reverses from it.
The Dollar remains weak as long as price is below the descending trend line and long set up can only be considered when price breaks above the 102.75 region.
4-28-23 [dxy]good day,
---
yesterday i shared a very conservative case on the us dollar,
but after seeing the unfolding structure,
i have come back to revise the case.
i am predicting that the dxy expands upward in a fairly aggressive impulse upwards into may via an expanded flat.
---
will update as it goes,
but for now it's looking like we're heading up to roughly 105-106.
stay safe!
A possible rebound zone We are entering in a very reactive area. Possible bounce from here, target ca. 103. Lose the box and we visit 98-100 range. NFA
Dollar trades sidewaysThe United States Dollar Index trades sideways throughout the week, looking for the next impactful factor to determine the next short term trend.
Bearish bias remains as price trades below the descending trend line. Bullish bias can only be considered when price breaks out of the 102.75 region.
Dollar seem to await for the upcoming FOMC, before beginning of the new short term trend.
