DXY Local Short! Sell!
Hello,Traders!
DXY went up and hit a
Horizontal resistance level
Of 103.600 from where
We are already seeing a
Bearish reaction and I think
That we will see a further
Correction to the downside
Sell!
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Dollar-index
Is it still bearish mode or it's end?#DOLLAR INDEX (DXY) ..
market streight drop and broke his 15 months low in yesterday and continue to further losses..
But here is a support of market that will play key role,
If it will continue his selling turn then it should continue his selling move and break the next support..
If it's end here then it should hold it ..
Trade wisely
Good luck
DXY Resistance Ahead! Sell!
Hello,Traders!
DXY has made a nice
Bullish correction from
The lows, however it
Looks overbought at
The moment so as the
Price is approaching the
Horizontal resistance level
Of 101.000 we will be
Expecting a local pullback
To the downside
Sell!
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✨ NEW: DX1! ✨ INTRADAY ✨BSO @ 100.25
SLO @ 100.00
SSO @ 99.83
TP @ 96.00
TECHNICAL ANALYSIS
According to my analysis of the 15-minute time frame for the US Dollar Index Futures from ICEUS, Price Action has been bullish. The price has been trading between the 99.22 and 100.25 levels since yesterday's USD News.
The moving averages are all sloping downward, which suggests that the overall trend is bearish. However, the stochastic oscillator is starting to turn up, which could signal a potential reversal.
The next key level to watch is the 99.42 level. If the price breaks below this level, it could open the door for a further decline towards the next Major Support Level @ 96.000. However, if the price is able to hold @ 100.00, it could signal a the continuation of a DT.
Overall, the market is currently in a state of flux. The overall trend is bearish, but there are some signs that a return to the DT could be in the works.
Dollar Weakens After FED AnnouncementsAs of now, the FED interest rate decision has been announced and the FED has kept the interest rate constant. In addition to keeping it steady, Powell still made harsh and hawkish statements. Personally, I have question marks in my mind about how full these explanations are. Because now the job is not just to reduce inflation and most business sectors have started to break. I don't think it can go on like this.
If we are talking about interest rates, the only factor we need to look at is the dollar index. The dollar index has technically formed a descending triangle. The level to be seen in a down break will be $ 98.
✅DXY BEARISH BIAS|SHORT🔥
✅DXY is trading in a rising
Channel which also happens
To be a bearish falg and the
Index is trading below the
Horizontal resistance level
Of 103.6 so IF we see
A bearish breakout from the
Flag then the price will
Go further down
SHORT🔥
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✅DXY BULLISH SETUP|LONG🚀
✅DXY broke the resistance
Cluster of the falling and
Horizontal resistance lines
At around 102.515 and went
Up so we are now bullish biased
On the index and after it retested
The demand area below I think
That we will see a move up
LONG🚀
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DXY - Dollar Index AnalysisDXY - US Dollar Index Trade Analysis
According to chart pattern DXY is forming Cup and Handle Pattern and this point my be the trend reversal on shorter time frame.
Entry Point for Long: 103.0963
Target: 103.3263
manage your risk according to your account size.
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DXY falls moreFED powell has been made a serious impact to the dollar index which was overbought
because of the huge supply to the DXY.BUT dxy has not touched the valid area to sell .so we could see a simple upside move ment then it falls down ..
By the way DXy has been retraced about 38.2 in fibo levels and also the market had closed when it was retracing so that could be higher probability to come upside and hit tha valid zone move done
Overall trend may down f it breaks the trend line.
GOOD AND DOLLAR LUCK
DXY, The Wifey: Our 10-minute (up)DateI took DXY out on a date to see how she was doing because lately she's been too hype and hasn't let up — well actually that's all she's been doing is going up. smh
I just want her to relax, calm down (literally), and let me do the going up (in my bank account). LOLOLOLOLOL
✨ DXY Curve Analysis (3W) ✨RESISTANCE @ 116.82
— a break above this level would indicate an uptrend
SUPPORT RANGE 101.635 to 105.005
— now that Price Action (3W) has opened/closed below this range I'm anticipating a continuation of the downtrend
SUPPORT @ 90.80
— if Price opens/closes below 89.66, it should continue the downtrend; however, it's highly unlikely to break below.