DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Dollarindex
Dollar Index (DXY): Important Key Levels & Trading Plan 💵
Dollar Index closed this week approaching a key daily resistance.
Because bulls are currently dominating the market,
we may anticipate the breakout attempt of the underlined Resistance 1.
If the market breaks and closes above 105.15,
a further bullish continuation will be expected.
Next resistance will be 105.65
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BluetonaFX - DXY 3 Month Resistance BrokenHi Traders!
DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level.
104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The market has just completed the bullish three-drive pattern, which further supports our bullish bias on DXY.
The next target is likely to be the psychological 150 level, and then we have the six-month resistance level at 145.488.
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BluetonaFX
DXY H4 - Long SignalDXY H4
A little more on the calendar today but not masses. We have seen DXY unfold perfectly so far this week, exactly as expected and the dollar is moving in line with recent headlines and fundamentals discussed over the last couple of weeks finally.
Lets see if we can pullback to this 104.300 price as indicated with the arrow tool. This could be a great entry for further long positions in line with the upside bias.
Mighty Dollar Soars as Competing Currencies Succumb to InflationGet ready to witness an exhilarating opportunity in the world of currency trading! The global economic landscape is undergoing a seismic shift as major currencies face mounting inflationary pressures. Amidst this chaos, the mighty US dollar emerges as the frontrunner, poised to dominate the market. Brace yourselves for an exciting ride as we delve into the reasons behind the dollar's rise and present a compelling call to action for you to long the dollar!
1. Inflationary Headwinds
2. The Dollar's Unyielding Strength
3. Long the Dollar - A Lucrative Opportunity
Call-to-Action:
Are you ready to ride the wave of the dollar's ascent? Here's your call to action:
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Conclusion:
Traders, the stage is set for an exhilarating journey into the world of currency trading. As major currencies face higher inflation pressure, the dollar emerges as the undisputed champion, ready to conquer the market. Seize this momentous opportunity, long the dollar, and embark on a path to potential profits. The time to act is now!
Disclaimer: Trading involves risks, and conducting thorough research and seeking professional advice is crucial before making any financial decisions.
DXY 4hrs AnalysisDXY is back ay the resistance (Supply zone) which has held severally in the past and it has formed double top. There are two possible thing that could probably happen this week. It's either the price continue to drop or the price would reverse and break the resistance and
What's your thought on this?
DOLLAR TO MAKE THE UNEXPECTED MOVEThe US Dollar has been dismissed for some time after the last 9 months of drop. Yet in the background something else is forming up.
The CoT data (you can add CoT data on the chart) shows USD is sold against GBP and EUR aggressively and hit extremes.
This gives us some ideas, such as reversal is in the cards.
Expect the DXY to make the unexpected moves but don't be surprised if you see.
-Signalwyse Team
DXY First 1W MA50 test since March. Bullish or bearish?The U.S. Dollar Index (DXY) has come the closest it's been to the 1W MA50 (red trend-line) in 6 months (since March 09 2023). So far the price action has shown a bearish reversal sentiment as the Higher Lows trend-line of the rally since the July 14 bottom, broke last week, but the 1D MA200 (orange trend-line) supported. This bearish sentiment will be confirmed however if the price gets rejected on the 1W MA50, i.e. test it and close the 1W candle below it.
In that case we will open a sell on the spot and target the 1D MA200 again and Support 1 at 103.000. If after that the price closes a 1D candle below, we will sell again towards Support 2 (102.000).
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DXY Daily Analysis After taken liqudity of the sellseide and fill the fvg of monthly and change of structure ( Market structure Shift ) and rejection of order block we will see increase of the price to fill FVG of donwn trend and take liqudity of the buyside we will look opportunities of the buy position in low time frame
The Previous Week / Fundamental Releases and Price Action 🕋In this video we start by observing the movement of Eurusd from a top down perspective. We eventually break down the week's fundamental news releases and their impact on price behavior on the 1 hour timeframe as this is the bulk of the video. This week we went up and they came straight back down. Fundamental news releases played a suspicious role in the price behavior this week and we investigate their significance.
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
again at his monthly resistance, hold ?#DOLLARINDEX... dxy again near to his monthly and weekly resistance, at this time mean month first day and week last date,
that is full and final area guys, 104.38, closing above that area in any time frame will be expensive.
above 104.38 next area are mentioned on chart, and holding mean market again drop to his supporting area,
trade wisely
good luck
US Dollar Index Short Term Sell IdeaH4 - Price respected a key resistance zone and bounced lower.
Uptrend line breakout.
Lower lows.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
BluetonaFX - DXY Potential Double Top OpportunityHi Traders!
There is a potential double top forming on the DXY 1D chart and the bullish momentum we have had on the US dollar index may be coming to a close.
The important level here is 104.2399. This is a strong resistance level, as the market rejected this level the first time it reached it, which we have highlighted on the chart.
As the market is nearing the 104.2399 level again, it looks to have run out of steam after trying to break, so there is an opportunity here to short. If this level holds, the first target is at 102.7500, and the second target is at 102.2500.
We would love to hear your thoughts on this in the comments section. Please also do not forget to press the like button and follow for more updates.
Thank you for your support.
BluetonaFX
DXY D1 - Long SetupDXY D1
We have now pretty much seen the correction on the USD that we were expecting. 103.350 has been pinned and we are now looking for something to catalyse the upside dollar continuation.
ADP employment could do exactly that. Lets see what unfolds over the next few hours, NA overlap and ADP figures at 13:15 UK time.