DXY (Dollar index) Daily: 21/01/2023: Bull or Bear?
Well, as you can see now I believe in a bear market.
Bear scenario: Now we have a market consolidation that results in the accumulation of liquidity on both sides of this area. in addition, we have daily resistance that you can see on the chart that can push the price down.
Bull scenario: The primary basis of this idea is that the weekly Demand zone can play a crucial role in changing the market way and the price move higher for collecting the liquidity above equal high and filling the fair value gap.
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🗓️21/01/2023
🔎 DYOR
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Dollar_index
#DXY next move
As previous prediction; The US Dollar Index hit the zone which we waited for with little different in its way.
Now the main question is "What is the next target of DXY?"
The answer and all you need is in the Chart. Take an screenshot of my analyze and observe US Dollar Index everyday!
Knowing future of DXY is the main key to open the mystery box. All pairs in Forex, Cryprocurrencies, Oil, Gold, Silver and others others depends on DXY.
Dollar Index (DXY): Time to Grow 💲
On a yesterday's live stream, we discussed Dollar Index.
The market reached a major rising trend line on a daily.
Approaching that, the price formed an inverted head & shoulders pattern on 4H.
Its neckline is broken now.
A correctional movement is expected to 102.95 / 103.33
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Dollar IndexOf course we know that hidden divergences are indications of trend continuation. So if we are at the right side of the probability, it is likely for DXY to continue the downtrend.
If so, then we are expecting to pass the level indicated in the picture. That being considered, we'll get a Breakout signal.
CAUTION: THIS IS THE TECHNICAL SIDE OF THE MATTER. ANY PROBABILITY SHALL BE BALANCED ACCORDING TO FUNDAMENTAL PARAMETERS.
DOLLAR INDEX possible movement in next days. DXY. updateHello guys, This is an update of previous analysis (blow link). Everything is marked on the chart like always. Last weeks market moved as we expected and then correction. For now I expect the temporary end of the correction and we are close to 102 - 101.5 as a strong support. So I'm waiting for the return from there. Monitor the price's action in the circle.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
DXY (Dollar index) 4H: 03/01/2023: Will liquidity pool be taken?
As you can see, price ranges for a while, and now finally took the liquidity above the previous high.
Now we expect the price moves downward for collecting liquidity below an equal low which is a good liquidity pool.
You can see the possible scenarios on the chart.
If you have questions, feel free to ask.
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🗓️03/01/2023
🔎 DYOR
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XAUUSD (GOLD) TF W: 14/12/2022
It's weekly chart, so it's for long-term view.
As you can see, chart is potentially bullish.
If price can stay above 1808, we can expect price rise to 1851 and then even go above 1879 to collect liquidity.
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🗓️14/12/2022
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DXY IN LONGTERM VIEWHello everyone, hope everyone doing good,
(Not a financial advice)
After Analyzing DXY/Dollar, in Longterm view Dollar is doing something similar to the past and present.
FALL A -----> STOP/CONSOLIDATE/CUP SHAPE----->UPTREND/PARALLEL CHANNEL----->TOPPING PROCESS/BEARISH DIVERGENCE---->FALL B------> STOP/CONSOLIDATE/CUP SHAPE------>UPTREND/PARALLEL CHANNEL--->TOPPING PROCESS?/BEARISH DIVERGENCE NOT CONFIRMED YET.
DXY in long term it was in massive downtrend in huge Descending triangle, it did Breakout but we have to see if it will back test the top level of Triangle or not.
Once if Bearish Divergence is Confirmed most likely it will come back to the lower levels may be 80 or 70.
Currently it's in the process of making Bearish Divergence in RSI moving in upside direction in the chart.
To my guess most of the markets will be paused/go sideways for little long term, once Dollar gets failed to move in upside Direction.
After Analyzing dxy/dollar, the momentum of going up is reducing consistently, looks like DXY/Dollar will come down.
Thank you, stay safe, stay smart.
Dollar | What The Heck Is Going On?The dollar has been in a range of consolidation since a new low at 103.30 was made December 14, 2022. This has made trading the majors not the best decision as of late.
What can you do?
The best thing you can do is wait for price to make a new lower low or a new lower high. There is no need in guessing which way the dollar will go until she shows you her hand.
Should you trade?
There are other minor currency pairs with amazing opportunities. You job, my friend, is to go find those opportunities and trade them. Consider looking elsewhere for your trading opportunities following your trading rules.
Or...
Since this is the last trading week of the year you could rest and reflect on your performance this year so you can prep for next year. I choose to do the later of both of these options, but you have permission to do as you wish.
As for now, the dollar is chilling. I'm about to do the same.
Thanks for taking the time reading my thoughts on the dollar. Like this post to boost it. I appreciate you.
DXY price prediction for dialy time framehello guys
i think DXY going to test the support zone again and if this support area will break it going to fall around 100
share your idea with me for DXY
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DXY (Dollar index) 4H: 19/12/2022
As you can see, price touched monthly support and had a bullish reaction.
Now if price can stay above 103.380 and break previous minor high, it can move upward.
You can see the resistances on the chart.
Final goal is FVG.
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🗓️19/12/2022
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DXY (Dollar Index) End Of The Year Full Analysis UpdateTraders and investors, DXY (Dollar Index) is still bullish and may continue to rise up. In the coming days or weeks please pay close attention to the price action before making sort of decisions in the market. Irrespective of the asset class or the market that you are trading, make sure that you are watching dollar as it can change impact your trading plan. In this End Of The Year Full Analysis Update we study some of the scenarios and possibilities which can result in great trading opportunities.
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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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USDCAD 3H: 08/12/2022
If price break 1.35884 and move upward, we can find a high opportunity chance for short entry setup around 1.36557
This is not trading or investment advice or recommendation is for informational and educational purposes only.
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🗓️07/12/2022
🔎 DYOR
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