DXY seems sell correction then buy...
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart create bullish butterfly pattern .
So, market need seems to SELL correction at 107.666 & 107.300 support
level. Then Market fully BUY.
Dollar_index
Foreign Hikes start pricing in = Opportunity knocks
As expected, the Dollar started easing after foreign central banks started increasing rates.
Higher rates= higher, more expensive currency.
Especially the ECB (Europe/Euro):
The European Central Bank may keep raising rates, but they are unlikely to be be as large as last week’s 75-basis-point rate hike, said ECB Governing Council member Edward Scicluna.
Scicluna said he does not think 75 basis points is going to be the norm in the short term. That’s because pressures on the main source of Europe’s inflation — energy and food — will ease, he added.
He raised concerns that current measures employed by European governments to alleviate the pain of soaring energy costs could be inflationary.
Time to look at some forex trades?
One Love,
The FXPROFESSOR
PS. Bought perfectly here when everyone was talking about a doomed dolalr: .Time to go short now
US dollar (DXY) index technical analysis: more room to go?The US dollar has defied gravity this year, rising 15% so far, with the DXY index on an exponential upward trend since May 2021, owing to strong macroeconomic factors that continue to support the Federal Reserve's plan to keep raising interest rates aggressively.
From the DXY monthly chart, we can see that the long-term major trend is still well in place.
Fibonacci analysis from April 2008 lows to 2022 highs identifies 120.19 as the next level of extension (123.6%), which corresponds to the DXY's March 2002 highs. The latest upswing leg, which began in June 2021, is strikingly similar to the rise that followed the double-bottom pattern set in April 1995.
As the monthly RSI hovers around overbought levels, caution is warranted as price pullbacks have historically occurred whenever the oscillator has crossed this line.
As a result, if the DXY retraces and breaks support at 109.3 in the near term, we can expect a consolidation phase between 109.3 and 107.3 (corresponding to the 78.6% Fibonacci retracement level of 2022 low-high and the 50-day moving average). This scenario is conceivable, particularly if other significant central banks, like the BoE and the ECB, deliver outsized rate increases (at least 75 basis points) in the coming meetings.
However, it is unlikely that the DXY will break significantly below its 50-day moving average in the near future, as all attempts to do so this year have been met with a strong bullish response.
In a medium-long term view the absence of major macro catalysts that would undermine the dollar's strength, such as a dovish shift by the Federal Reserve, makes the scenario of a long-term bullish trend reversal unlikely at this time.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
DXY create bearish Harmonic pattern. So, Short sell, long buy
In this situation DXY chart Bearish Harmonic pattern .
So, market need to seems SELL correction at 109.327 or 108.500 support
level. Then Market fully BUY to 109.900 ; 110.240 & 110.500 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY : Let's see NFP's Effect on MarketAs you can see, the dollar index moved according to the upcoming scenario and then faced a price correction! In these moments before the announcement of the NFP, we can predict that if the statistics are higher than the predicted number, i.e. 295K, we can expect the growth and strengthening of the dollar index, otherwise, a fall from this range is not far from expected!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.02.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
AUDUSD: Gains will be capped!AUDUSD
Intraday - We look to Sell at 0.6875 (stop at 0.6915)
We are trading at oversold extremes. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 0.6760 and 0.6540
Resistance: 0.6910 / 0.7055 / 0.7170
Support: 0.6680 / 0.6540 / 0.6465
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DXY : Bull or Bear ? Let's See !After last night's analysis of the dollar index, we saw a price drop of 60 pips from exactly the same range ✅ ! Currently, the price has recovered from this drop, but it is still in an important range that today's statistics can determine the trend of the dollar index !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.31.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
🔴 Dollar Index (DXY) NEW Analysis 🔴Well guys , as you can see, the dollar index has entered an important supply range and there is a possibility that the price will return from this range, so monitor the behavior of the price and make a decision based on it!
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.30.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
DXY create bullish Rectangle pattern. So, Short sell, long buy
In this situation DXY chart Hopefully create bullish Rectangle pattern .
So, market need seems to SELL correction at 108.600 & 108.400 support
level. Then Market fully BUY to 109.550 & 110.200 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
Dollar index H1 Forecast Dollar index h1 forecast high time frame trend is bullish.so I m expecting an H1 supply zone break. next target is 110.800
DXY create Elliott wave.So Short sell, long buy
In this situation DXY chart Hopefully create Elliott wave.
So, market need seems to SELL correction at 107.700 support
zone. Then Market fully BUY to 109.300 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
DXY Technical Analysis For Long.Dollar Index is consistently rising due to uncertainty and global supply chain distribution. DXY is trading in channel pattern also it is trading at resistance zone as shown in chart. According to chart pattern analysis we might see further upside in Dollar Index
Thank You
Vivek S.
Dollar index USDXThe dollar index is about to go bearish therefore the EURUSD will be going bullish for a while.
DXY/Dollar IndexOverall I think dollar index on HTF is on bearish channel and I see a downward move here to below level.
What do you think , leave a comment below!
Potential setups for DXYTVC:DXY
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate.
👉 2. Price goes BELOW the selected range. below. Short positions to activate.
⚠️ Important Notes:
1. Follow your risk management rules.
2. Timeframes: up to H4
US DOLLAR STILL BULLISHComparing the graph of the dollar with the euro and the pound, I noticed that the recent war between Russia and Ukraine led to the depreciation of the euro against the dollar. Also, with the start of the winter season and the increase in the price of gas in Europe by Russia, there is a possibility that the euro will fall further against the dollar. However, I guess the dollar will still be the safest asset against inflation in the second half of the year.
tank you for attention bro...
NFA!
DXY SHORTSIn the US dollar index we can see that price is in a retracement leg, and it is in the 50% retracement level of the fib. Price is trading into the daily timeframe imbalance, in the coming weeks we can see price completely balancing the daily timeframe imbalance which will take it to a discount region.
On the 4H timeframe we can see a stop run, taking busyside liquidity and rebalancing an imbalance to go lower.
Perhaps Inverse C&H formationInverse Cup & handle formation for DXY
We are yet to have FOMC which might be 75 even then is the market done with all of this being priced in?
Who knows but keep an eye on these levels we either break below OR we re-test the highs!!
DXY reaching 36 years and 8 months old Resistance!!!I do not post traditional market stocks nor do I trade but I found this one somewhat interesting.
DXY will soon be reaching its 36 years and 8 months old resistance.
Reaching the resistance it has been forming since Nov 1985 (according to the data provided on tradingview)
It will be interesting to watch the coming months as the US economy is facing tough situations here.
Fall in GDP in two successive quarters.
What do you think?
How will it affect the stocks in the coming years?
I would love to know your views.
Let me know if you want me to look into some stocks.
Do hit the like button, it helps!
Stay safe
#PEACE
DXY create AB=CD pattern. Short BUY, long SELL
N.B- In this situation DXY chart create ab=cd pattern.
So, market need to seems BUY correction Up to 107.300
resistance level. Then Market fall to 106.150 & 105.400 Support level.
Long on Dollar Index- We can see a little jump from Dollar to fill the liquidity void... then will see a dump on it till the target
