DXY - 🐂 or 🐻?DXY - Bulls or Bears?
As we head into start of May month, end of month flows - rebalancing is in full action.
Technical wise: bulls are gain control if we can stay above 91.050 area (5OEMA) the bulls are in control of this market and anywhere above 200 EMA we will be heading towards the 1.618 area.
Pattern: Wedge - Perhaps a re-test of wedge coming soon.
Seasonality: Usually a bullish month for DXY
Trade Journal
Dollar_index
End of the downtrend
The dollar has reached its lowest level in a recent month, which is why we have seen the growth of all currencies against the dollar, and as you can see, it has formed a downward channel and has accompanied it to the trend line, but in your opinion this The decline will continue and the trend line will be lost ?? Such a thing is unlikely to see a return of the dollar to 93, and this time we will see a decline in currencies against the dollar, and after fully touching the trend line, we will see an upward trend.
When To Buy Dollar Again? Important Levels For The Next WeekTraders, USDollar took a nose dive last week and part of it was expected during our analysis. It is now forming an M FCP (Fibonacci confluence pattern) which can push the price higher. There are few very good factors which are pointing towards bullish dollar. So When To Buy Dollar Again? Lets find out in this Analysis Forecast & Trading Plan For Dollar (DXY)
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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Take care and trade well
-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.
____________________________________________________
DOLLAR INDEX CHART ANALYSIS.....
DXY short time bullish up to 91.615 risistance. Then it will be down up
to 91.359 support zone.So, dollar index chart first time little bit up then fall.
Dear Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
PLZ! LIKE COMMAND AND SHAIR
DXY Fell But Holding. What's Next?-Analysis Forecast & PlanTraders,
DXY fell as expected last week but it now holding a level nicely. We must watch the opening next week and see if it can push back to the upside once again. Watch the previous analysis to see the background of this analysis.
Dollar is important for market forecast. USDOLLAR's strength drives all markets directly or indirectly.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-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.
____________________________________________________
DXY - To early to predict?The Dollar index is very complicated to understand and predict when you analyses the individual factors that play into the various parts and therefore the index as a whole.
The consensus if for the Dollar to weaken and there's great arguments to support this widely held theory.
58% of the Dollar index consists of the Euro. It's therefore important to try to understand the Euro and Eurozone macro economics. The Eurozone appears to be deflationary, at least against that of the US. US inflation is bound to spike at some point, leaving the inflation differential between the US and the Eurozone at a meaningful figure. According to Alpine Macro, a deflationary environment doesn't lead to a weakening of the respective currency despite a poor economic back drop. A deflationary environment leads to an appreciation in the currency which is deflationary against its inflationary trading partners. Could this all lead to a weakening of the dollar index.
But what about the contrarian view? I'm trying to wrap my head around the factors which could lead to a strengthening in the dollar.
Trading signals
The trading signals suggest that the dollar should weaken or retrace, perhaps towards the 97 mark on the weakly chart which has been indexed to 100. Thereafter, perhaps a strengthening trend could follow? The inverse relationship between the dollar and the Euro is clearly evident in the chart. If this trend were to follow through, the dollar index could reach levels around the 95 - 97 mark.
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DXY (Dollar) Important Levels & Zones - April 2021 Update!Traders, Dollar (DXY) has been rising since the start of this year. This was expected because it hit the FCP and demand zones. On multi year time frame it is running inside a channel which can push this upto mid of the of the channel around 95.5/96 area.
As FCP W pattern has formed, we expect dollar to give us some correction which can give us good short opportunities. As the higher time frame bias remains bullish on dollar, this correction can also give us an opportunity to add/initiate long positions.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-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.
____________________________________________________
DOLLAR - It reminds me of Wolverine... They keep printing it... but it keeps rising
The dollar reminds me of the experiment done on Wolverine, pumped him up with lot's of Adamantium until he became a beast. So here we go we have tons of new dollars but they are heavier than most would understand.
Fed-men Apocalypse, the rise of the mighty X-dollar
DXY To Fall? Analysis & Forecast UpdatesTraders, DXY has been bullish since it hit 89.89 level which we predicted in August 2020. Since then the progress has been slot but stead as well. Now DXY can look for a minor correction just to support the previous bearish move down. Remember we are in a corrective phase at the moment so the market will try to resume the bearish momentum at least once more.
So what opportunities are there or how the USDOLLAR can affect the markets next week. Lets find out.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-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.
____________________________________________________