dollar index daily : technical say it can see 125 support dollar index touch fibo61 and now little can go up but i predict trend will remain down if high not break
good luck
Dollar-index
DXY 1DHey Guys
I hope you have a good start to the week
Dxy is on a bullish Order block and can make the market bullish for USD/pairs
According to the chart, if there is a rise for non-dollars, even to create a new high, it can be the last rise before the fall
DYOR
11/14/2022
GME | GameStop | $GMEVideo breakdown of what looks like a short trade in GameStop...
Time will always tell.
Control risk 1% and 2:1 RR
$USOIL $97 short-term target 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Hello fellow traders and investors! My team isn't expecting oil/gas demand to slow down anytime soon. A long-term target of $132 and beyond is on the horizon. Ever since the war in Ukraine began the Biden administration has been trying their hardest to keep prices down by releasing war-time oil reserves periodically. This is a temporary solution, and my team believes that it will eventually lead to a blow off top. Raising interest rates seems to be the feds only solution to combating the situation, yet it has become evidently clear that they have no idea what to do and whether or not this will actually solve the issue.
These are just our thoughts surrounding the situation and things could change quickly with the emergence of new information. We hope that this helps!
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EURUSD | LongThe dollar does seem to be relaxing, I see the break out of the descending trendline.
Ideally, we wait for the pullback to hit that 50% Fib level to go long. Almost a 2.5:1 Risk Reward.
The trade is technically sound. Let's see how it plays out.
1% Risk
2.5:1 RR
DXY very bullish ! growth can continue up to 120The Fed had on Wednesday had hiked the upper target for fed funds to 4.0%, its highest since the Great Financial Crisis, while Chair Jerome Powell had said that interest rates will have to go higher than previously thought, even if the size of individual hikes from now on is likely to be smaller than the 75 basis points seen at the last four meetings. If we can break through the previous high, the growth will continue very strongly.
DXY Will Fall! Sell!
Hello,Traders!
DXY was trading in an uptrend
But then the index broke the rising support
Went down and the up again
To retest the supply level above
From where I think it will go down
Towards the target below
Buy!
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✅DOLLAR INDEX SWING LONG🚀
✅DOLLAR INDEX is trading in an uptrend
With the index set to retest
The long-term rising support line
From where I think the growth will continue
LONG🚀
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✅DOLLAR INDEX BUYING OPPORTUNITY|LONG🚀
✅DOLLAR INDEX is trading an uptrend
Which makes me bullish biased
And the pair is retesting the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above
LONG🚀
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Dollar Index Chart Analysis....
In this situation DXY chart Hopefully create M pattern.If breakout
111.600 Nick line zone then market need to Seems sell correction on 110 :999 and 110:400 support zone.
If breakout 114.000 resistance level then market Buy UP to 117.560 resistance level.
DOLLAR INDEX DXY BULLS READY?In dxy dollar index price is tested its strong level of resistance multiple times which is 113.10 to 113.20 area and if break this area than we see the bullish momentum in the dxy price and we see price test its high of the wick which is 113.70 area also fill this wick because wick never lie/ and for the next target for dollar index is 114.07 area this is the target for next complete week.
✅DOLLAR INDEX TIME TO BUY|LONG🚀
✅DOLLAR INDEX fell down sharply
But a strong support level was hit
Thus as a rebound is already happening
A move up towards the target shall follow
LONG🚀
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USDJPY - Short Idea. I break down where I see price action struggling to make new highs.
I also step back and point out a very sizable "inverse head & shoulders"
These pattens could take months + to play out - if they do.
3:1 RR
1% Risk happy trading.
✅DXY WAIT FOR THE BREAKOUT|SHORT🔥
✅DXY is currently forming
A bearish flag pattern
While trading in a local uptrend
So I am expecting the index
To make a bearish breakout
And go down to retest the level below
SHORT🔥
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DXY correction playing outThe correction on USD index is playing out - we're headed for the bottom of this ascending wedge - Breaking it will be bullish for stocks and crypto - We need to see what will happen there.
If we break it - likely target is marked on the chart.
I remain neutral and will keep monitoring it.
DXY's Fall will be brutal
Lets take a look at the USD Index DXY
Its been forming a hell of a bear flag all the way since 2008 and we're now in the final moments of reaching its top.
Right now the 5th wave of C looks like an ending diagonal (yellow) count where the 5th wave gets extended forming a broadening wedge top formation.
Once that breaks the game is on for lower.
DXY should turn before 112.943 (so that orange w3 is not the shortest within the parent wave)
In order to keep this idea valid DXY may not exceep 2.618 of AB @ 117.56 / local 1.886 @ 117.70 confluence
The dollar has weak support!By breaking the support with a daily candle, it is heading down at lightning speed
DXY - USD DOLLAR LOOKING BEARISHThe Dollar Index has been on a run lately. Today we are looking at the Dollar Index (DXY) on the 10day (!) chart.
There are a few signs occuring that seem bearish to me and a indication of downside price action. How low? Nobody knows.
When the dollar will drop all other assets like risk assets and currency's will go up. This should result in a short lived (few months) relief rally.
After that, the most probably outcome, will be the money going back to the world reserve currency: the dollar and it can continue it upwards move.
For now, it seems like it needs to catch a break and get some air.
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DXY playing with usDXY is playing with us again, although a small push up doesn't scare me. Big hidden bearish divergences on TrendExhaustion and RSI, Even if we pump a bit higher, we will come down as drawn before.
Patience.
DXY I think that dollar index is geting stronger and stronger. My opinion is that DXY is going to 113.000 zone after that i think it will correct and than move to 115.054 zone.
✅DXY NEXT MOVE|SHORT🔥
✅DXY has retested a resistance level
And we are seeing a bearish reaction
With the price going down but we need
To wait for a confirmation
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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DOLLAR INDEX Bearish Bias! Sell!
Hello,Traders!
DOLLAR INDEX has retested the horizontal
Resistance level and the price action is looking bearish
So I am somewhat bearish biased
And I think we will see a move down
Sell!
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