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US Dollar Index DXY forecast using supply and demandWhat is US Dollar Index DXY forecast using supply and demand technical analysis? Well, as discussed in previous video technical analysis in the past, we have a clear long term long bias on US Dollar Index DXY creating and respecting bigger timeframe demand levels and imbalances and eliminating obstacles in the form of supply imbalances. In a clear uptrend we should only be interested in buying US Dollar Index DXY . If you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators, you can use this supply and demand technical analysis on US Dollar Index DXY to plan your longs. You might be using CCI or RSI oscillators or even moving average crosses and Bollinger Bands, we don't really need any of those to make a trading decision when trading supply and demand imbalances. All we need to know is that we have a trend and direction and new demand levels created. The technical video analysis you can watch below shows a longer term US Dollar Index DXY analysis using the weekly timeframe as the main timeframe. New demand level has been created around $97, gained control and price is rallying strongly with a lot of room on the way up to a strong monthly supply level that is located near US Dollar Index DXY where shorts will be possible again.
TVC:DXYLong
by AlfonsoMoreno
DXY - Swing Trade If you’ve been reading and following the last couple posts you would know that we are disliking the US dollar against the looney. If you haven’t thats ok, just make sure you check em out after this. It adds further confirmation to the ideas presented. If your dinner has been served and you’re ready to keep things simple then look at the weekly index for the dollar and notice the heavy divergence. Wait, let me stress this further, look at how dang LONG this has been developing for. Patience is a virtue and the market rewards those that are patient. I’m going to sound repetitive because you all are too greedy and always want to be in the market picking tops and picking bottoms. This divergence and lack of momentum signals exhaustion and adds fuel to our shorts with UCAD. Don’t go bald pulling your hair out, hold on to the laurels this will be a ride. See ya soon folks.
TVC:DXYShort
by theyfollowme
3
dxyfinishing the correction (in comments) with ending diagonal. how typical :D that small correction that is making now is same as in previous push up, so thats why im expecting somewhere similar retracing up before drops again and give us that diagonal whats presented on chart. however that drop down at last part can come in very different sizes and shapes and can be finished as soon as it tags the low (presented with blue horizontal line) or around that purple horizontal from daily/weekly time frame to form running flat and rush up again. from the other side it can drop even further and to which lvls we will know when we see what structure its making on its way. we can see all same pattern in almost every dollar pair accordingly so stay wise. if that is really end of the correction that means big wave is coming.
TVC:DXY
by sharing_is_caring
1