US Dollar Index IdeaNow US Dollar Index at 101.069 the Map of next movements was mentioned so trade as per major pairs so keep in mind US index
Dollarindex
USD Index IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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#DXY | TWO SCENARIOSHello Traders,
Waiting for #DXY next movement.
Wait for new market trends and be careful about fundamentals
Good luck Anderson,
DXY Daily Elliott wave countOur focus is to the downside for five waves to complete a zigzag correction, wave C of wave 2.
I am expecting some pullback into the crypto market as the price on DXY is still into an up move for a possible wave 2 of this C wave and than we should continue to the upside so chances to buy at lower prices are possible.
Future updates will be posted as updates to this count, don`t miss them!!
Good luck!
Dollar General to close it's gap?Dollar General - 30d expiry - We look to Buy a break of 173.33 (stop at 167.33)
We are trading at oversold extremes.
In our opinion this stock is undervalued.
We have a Gap open at 01/06/2023 from 201 to 179.
The bias is to break to the upside.
173.09 has been pivotal.
A break of the recent high at 173.09 should result in a further move higher.
Our profit targets will be 188.33 and 191.33
Resistance: 173.09 / 179.20 / 200.00
Support: 166.00 / 161.00 / 155.00
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DXY (Dollar Index) Indices Analysis 19/04/2021if the 61.8% of Fibonacci retracement Stands then we are going for the Top TP
or lese Down TP is Confirmed after the support area Breaches.
Will US Dollar fall to 2021 lows? The US dollar has recently fallen below its Simple Moving Average (SMA) of 100, an essential technical indicator for many traders.
Based on this recent movement, there is a growing concern among experts that the US dollar could potentially drop to its 2021 lows. This noteworthy development requires careful consideration, particularly for those relying heavily on the US dollar in their trading strategies.
Considering the US dollar's potential downward trajectory, I encourage you to explore the possibility of diversifying your currency holdings. Holding other foreign currencies could prove beneficial, as they may not be as susceptible to the impending drop in the US dollar's value.
It is essential to approach this situation cautiously and conduct thorough research before making decisions. Analyze the trends, consult with fellow traders, and seek advice from trusted sources to ensure you are well informed about the potential risks and rewards.
In light of these circumstances, I urge you to consider the following call to action:
1. Evaluate your current currency portfolio: Assess how much your trading strategy relies on the US dollar and consider diversifying your holdings to include other foreign currencies.
2. Stay updated on market trends: Regularly monitor the market and closely monitor the US dollar's performance. This will enable you to make informed decisions and adjust your trading strategy accordingly.
3. Seek expert advice: Consult with experienced traders or financial advisors specializing in forex trading. Their insights and recommendations can provide valuable guidance during uncertain times.
Remember, the purpose of this email is not to instill panic but to bring your attention to a potential market development that could impact your trading decisions. By remaining cautious and proactive, you can better navigate the volatile currency market and potentially mitigate potential losses.
DXY Monthly Analysis after the price retramcemt to fill FVG ''Fare Value Gap'' which is in the levels of the golden zone of Fibonacci OTE ''Optimal Trade Enrty '' we will see a reversal of the price towards the supply zone
Back At It Again With CAD/CHFThis time the bias is to go long. I don't think this pair goes down any further from here.
Dollar Index (DXY): Multiple Time Frame Analysis & Trading Plan
Top-down analysis for Dollar Index.
Price action analysis & key levels.
Trading plan and potential scenarios.
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DKY Set to Reach $89: Cryptocurrency Market Surges BullishlyBased on the latest technical analysis, DKY is poised to reach $89, signaling strong bullish prospects for cryptocurrencies. The outlook is notably optimistic.
DXY D1 - Long SignalDXY D1
Really flat day yesterday for the two pairs that we posted on DXY and BTCUSD. We are pretty much sat there or there abouts where we had made annotations yesterday, with the slight exception of adjusted stops to allow for yesterdays lows on BTCUSD.
Trading slightly below that 100.00 price. But still within our support region. Waiting patiently to see a breakout here on DXY to the downside. Or a bounce to trigger this relief rally for the dollar.
Bullish Pattern for DXYDXY ranging in a bullish flag pattern. DXY will enter to bull cycle if it moves to upper levels. DXY needs to close 50MA in daily line and it should be established above 50, 200 MA.
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DXY Weekly Analysis - ObservationDXY had a big move last week during CPI and PPI. There is no immediate setup on this timeframe, so it is better to wait for more confirmation. Let chasers get chopped out while we stay still.
Refer to my EU analysis for targets that were already achieved.
- R2F
✅DXY BULLISH SETUP|LONG🚀
✅DXY will soon retest a key support level of 99.21
So I think that the pair will make a rebound
And go up to retest the supply level above around 100.56
LONG🚀
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Dollar Index (DXY): Oversold Market & Time For Pullback 💵
After the CPI report this week, Dollar Index dropped rapidly.
Ahead, I see a confluence zone based on a completion point of a harmonic abcd pattern
and a horizontal historical key level.
From the underlined blue area, I will expect a bullish movement at least to 100.58 level.
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DXY/DOLLAR INDEXThe dollar approaching at key level of weekly suppor @ 99.4-98.8$
As we can see the charts on higher time frame its a sell off, but for me its just a manipulation candle at this week.
We might see a hike again this month of JULY.
If the FED didnt makes a Hike we might see a dollar collapse below my analysis.
This trade are for monthly traders.
Follow for more. This is not a financial advice.
skip it or watch it.
DXY made a huge bearish break-out. The 1W MA200 is next.Last time we looked at the U.S. Dollar Index (DXY) we gave a sell signal on the exact top, the Lower Highs trend-line (chart below):
Our first target (102.000) got hit, which was basically the 1W MA100 (green trend-line) that supported on the May 08 bounce. This week, that trend-line broke emphatically (also the 100.825 Support) and that is a strong bearish break-out signal. Technically the 1W MA200 (orange trend-line) is next, which has been our second target (98.550) since our June 04 analysis.
Notice also that even the 1W RSI broke below its 35.05 Support, a clear indication that the long-term strength has shifted to bearish.
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Dollar weakness is a welcomed sight!Dollar weakness has been a relief for sore eyes 👀.
Why?
Well Dollar weakness usually comes with the rise of all other correlated pairs alongside t the equities market, as we have seen since yesterday Tuesday July 11 are aiming at new Highs.
Expectations are for Dollar to reach the target of $99.5522
It is showing a very strong selling pressure and we will take a look again at this price to see some sort of reaction.
The Dollar has decisively broken thru the $100.44 mark while everyone else was expecting a bounce.
It is possible to see Dollar reach $97.22 before months end were I have placed the yellow line to indicate what I consider a weekly price target for Dollar.
While many are still expecting to see Dollar return or bounce back to $101.55 at least this will not occur until you start seeing a weakening of the downside push.
dxy went exactly as expected ... what is next hello dear trader
i am looking for buy position after confirmation in lower timeframe
there is a gapp ... look at this price action
stop loss need for any position
good luck
GOLD/DOLLAR: Divergence in short term?Divergences or correlations are rarely always valid, there are many variables at play and the monetary policy context plays a fundamental role. I don't want to do an economic analysis here, but just share this idea of possible divergence between Dollar and Gold in short term.
In mid-term, I think we will see a warm autumn and volatility could reign in the markets for a few months. Together with our supporters we are following the evolution of events in our blog, and Gold & Dollar will be our drivers at least until the end of 2023.
In conclusion, this divergence could be useful in our analyses, always keeping in mind that it is only temporary!
GOLD FUNDAMENTAL ANALYSIS Q1
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DXY: Crossed under the 6 month Support. Sell signal.The US Dollar Index crossed today under the S1 (100.800) for the first time since February 2nd and this sets in motion the second part of this new bearish leg of the Channel Down pattern. The 1D timeframe turned oversold (RSI = 28.999, MACD = -0.360, ADX = 23.314) and with the 1D RSI imitating the November 11th 2022 Low (as well as the MACD), it is likely to get a short term rebound until the oversold state normalizes.
We will use this potential bounce as a sell entry and target the bottom of the Channel Down (TP = 97.770), which potentially completes also a -6.66% decline from the top.
Prior idea:
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