DX1! trade ideas
US Dollar breaks trend line dating back a yearI am looking at US Dollar today. It has broken a major trend line going back a year or more. In April of 2018, it broke a major trend line and started a strong push-up. WIll that happen this time? Well, first let's start with a 3 monthly Linear Regression tool. I use 3 months for a trend. Pearson's R value is 0.6955 closer to .50 than it is to .9. This is important because it is telling me that price is separating further than the mean and that could be a sign of a slowdown in direction. Next, Money Flow Index has clearly shown a push to the upside from the 89s which is where we bounced in April 2018. This confirms the Pearson's R-value and the overall slow down. And lastly, Volatility. the Normalized ATR is showing increasing volatility in a trending upward slope. How do I know that the US Dollar will start its push up? I don't but I will be looking for increased volatility and VOLUME. Volume will be key the rest of this week and next.
DXY DOWN! LOOK AT THE BIG PICTURE“History Doesn't Repeat Itself, but It Often Rhymes” - Mark Twain.
*Not financial advice.
United States Dollar Looking BullishThe United States Dollar is looking bullish. Shorter timeframe chart has formed an Inverse Head and Shoulders Pattern, the longer timeframe chart has formed a Falling Wedge. A breakout of these patterns will signify more upside and potentially some trouble in the US Stock Market.
DXY - LONG; Looks like "King Dollar" is outta here - UP!As long as that 88.00 level holds - and it sure looks like it is - this is going nowhere but up, up, and away!
Don't forget to dump the "commodity currencies", like this one;
... or, especially this one!
Also, don't forget dump the precious metals, while at it!
USD looks like it is about to explode...The DX1! US Dollar futures weekly chart suggests that it is about to explode upwards.
It is nearing the end of the falling wedge, and MACD just crossed up, with the RPM ready to turn upwards. Oddly enough, the candlestick pattern signals a conflicting stall though... hence, a strong event needs to happen, for a breaking and explosive move... UP
DXY (Dollar Index) 2 zones of trapped traders!First a gap down, trapping longs
Then a gap up, trapping shorts
DXY / DX1! is certainly playing with traders.
Note : USDXXX pairs have started moving up & XXXUSD pairs down. This should give an idea of where DXY will eventually go!
best limit order placemain trend is - ok? ,but dolar looks want + currection
according trend base fibo extention or fibo 61%,dollar can go up to 98 then crash to 80 in 2021
good luck to you
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 :-)
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.
