DXY create bearish butterfly pattern. Short sell, long buy
DOLLAR INDEX MY VIEW-
N.B-DXY chart hopefully create bearish butterfly pattern.
So market seems down to 94.757 & 94.611 support zone.
Then the market fully buy to 95.777 resistance level.
Dollar_index
DXY possible scenarios TVC:DXY
two possible scenarios about dollar index in daily timeframe
+ a harmonic pattern might be created soon
at first I expect a pullback to the purple zone and then if it won't be a fake breakout and keeps going up after pullback , I'll be waiting for price action at 96 .
I made almost everything clear on the chart , if there's any question I can answer , ask it in comments
what's your opinion about it ? please mention your view in comments
this is just a possible scenario , and there's no certainness in the markets
Potential Signals From The Equal Weighted DXYIn this update we review price patterns in the equal weighted DXY and the potential implications for EUR,GBP,USD & JPY
DIXY AT MAJOR RESISTANCE $DXY is sitting at major resistance a break up could furiously send it upwards of 96-99
Things to consider
- Improvement in the economy
-FED tapering
- Better than expected job numbers
DOLLAR- Time for a Correction?NFP coming up and i do not seem to agree with the 'news' :
The US Bureau of Labor Statistics (BLS) will release the September jobs report on Friday, November 5 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data. Investors expect Nonfarm Payrolls to rise by 425,000 in October following the dismal print of 194,000 in September.
Dollar will most likely correct today.
the FXPROFESSOR
DXY | DOLLAR INDEX AGAIN RISINGDXY after making a top of 94.56, has taken support from fib level 0.382.
It has broken a falling trendline, hence indicating a buy sign
Trade Plan:
Buy: 93.700 - 93.900
SL: 93.505
TP: 94.563
DXY: Is It Over For The Dollar?The dollar has been on a mission, which has shocked a lot of investors considering the FED keeps printing money!
When will this strange rally end? Could it be here?
I would love to see a slight pullback with signs of rejection before we sell off a wipe out a good chunk of buyers.
two possible scenarios about DXY TVC:DXY
So there are these two scenarios about dollar index with "more" possibility
and I think for now it won't pass 93.900 to up .
what do you think ??
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance + Fibonacci Retracement )
U.S Dollar Index - Long TermI'm expecting a dollar weakness in the short term due the completition of Bitcoin cycle. Then most probably we will see a reprise in Q3 2022. At this point a pattern's formation could end to complete the flag, around the support level 84, in Q2 2024.
This is not a financial advice. Always DYOR. Thanks for watching.
is dollar index ready to have some correction ?!i have a bearish mind on dxy for now and i am looking for short opportunity if the zone break to the downside i will thinking about shorting dollar index and buy eurusd and gbpusd
sellstop in dollar index is best order if dollar index break low , 90% will crash to 61% level even more and buylimit around 92
(after posation go to profit = avrage 1hour candel size ,move sl to open price)
Dollar: Full Top Down Analysis Update with EU, GU, AU and SilverTraders, DXY has reached one the of the targets that we had in our long term plan. We have been following the higher time frame structure which clearly pointed that the dollar index was bullish from 89.2 level. Since then our bias has been bullish irrespective of fundamentals and news. We also noticed that on the weekly timeframe, there was a W Pattern (FCP Pattern) which could push the price up. Then later we also got a double bottom at 90 level confirming a bullish scenario. Last week we were looking for parabolic move in the USDOLLAR and that's what this market gave us. It reach of the targets at 38.2 fibnonacci of the weekly M pattern.
It can still go higher but because it has reached 38.2, there can be a little correction to the downside. So we will monitor this correction. This correction can turn into substantial move because there are open gaps available and historically this market has never left any gaps open. If the correction does not pick up any momentum then this market can go to 95/96 area too.
On weekly time frame, EURUSD has broken through and important levels of support and has created a head and shoulders pattern. But it may try to go back up to retest some of the previous levels.
AUDUSD is looking bullish
GBPUSD is also bullish but does not have clear structure.
Silver broke through the support level but failed to confirm it. The candle stick pattern is a bearish one so this market is something to watch out for. There is a gap at 15 which needs to be filled.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Dollar index possible move tomorrow and the following weekWe are seeing that the price approached the liquidity zone indicating by the right upper arrow. The price just break this high to take liquidity just where the daily order block is. I'm expecting a sharp drop in the price tomorrow and the next week
break high will start + trend and break 91.70 support will start down trend
70% dollar index want go up , for now put buystop on high is best action and looking buy in deep(with SL)
DXY is extemely bullish! DXY has already broken a key importance level.
It can be a bad news for BTC and/or for crypto-currency itself, along with the federal reserve news.
What is your opinions...?
Dollar indexHello everyone,
The Dollar index came to harmonic area wich hit there three times.
In parallel it looks that the Dollar make head and shoulders for short .
We will look in the area of the structure for some pattern to short.
DXY is bearishThe DXY index is Bearish
After a temporary increase in the last few days, the index twice tried the price range of 92.8, and after rejecting from this area, formed a double top pattern, which aims to break the uptrend channel of this index, and subsequently We expect this index to fall to the range of 90
DXY create bearish butterfly pattern. So, BUY NOW....
DXY chart Hopefully create bearish butterfly pattern. So market goes
to 92.800 and 92.850 Neckline zone. If break out 92.900 resistance zone
then market huge buy to 93.000 & 93.270 zone. If the market break out 92.350
support level then then market goes down to 92.000 support zone.
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on dollar index buyer target is 94.422 (fibo 161%) green arrow= limit order place with sl=0.5
we predict dollar will go up to around 95.000 then will crash
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