Get started

Dollarindex_setup

DXY (Dollar index) Shorts down to 102.500While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of 102.500 seems likely. The formation of Wyckoff accumulation signals a possible breakdown to surpass Asian lows. Additionally, considering that the price has left a demand zone at the projected target, we can expect a potential reaction in this zone. This reaction could potentially lead to the creation of new highs and a temporary bullish trend. Confluences for DXY Sells are as follows: - Dollar has tapped into a 17hr supply zone that has caused a BOS to the downside. - Theres liquidity to the downside in the form of Asian low and trendline liquidity. - Recent trend for this market has been temporarily bearish so this is a pro trend trade. - If price wants to continue going higher, there are unmitigated demand zones that price needs to come and fill. P.S Although the price has established a new bearish trend, it's possible that this is a strategic move to eliminate the trendline liquidity lingering from previous bullish rallies. Given the overall bullish sentiment on the higher time frame, it wouldn't be unexpected to witness the dollar initiating a new trend to achieve fresh highs.
CAPITALCOM:DXYShort
by Hassan_fx
1
DXY$ Shorts from 105.800 down towards 105.200As expected our last week scenario (A) played out perfectly like we anticipated which was seeing a bullish reaction from the 4hr demand. For this week's bias we are still temporarily bearish with the dollar as it's approaching a clean 14hr supply zone. As soon as it gets tapped in I will be waiting for my lower time frame confirmation i.e. a Wyckoff distribution schematic and a clean CHOCH to the downside. I would preferably wait for the asian high to get swept inside the zone before looking for a drop in the dollar index. I am bullish long term but, as price has broken structure a few times to the downside I would like to catch sells down towards the next demand at least. My confluences for DXY$ Shorts are as follows: - Price approaching a 14hr supply zone that has broken structure the downside. - Imbalances have fully been filled and momentum has slowed down (good sign for a reversal) - Huge trend line left way below that price would want to grab and theres also lots of liquidity below to target as take profit levels. - In order for price to keep pushing up it will need to enter a level of demand, so as of now we will be trying to catch sells down towards a demand. P.S. Only if my extreme 7hr supply zone gets violated, we will then know if price wants to continue in its bullish trend or not. But as of now I see price dropping more due to the perpetual BOS's. Also, as the dollar is a direct negative correlation to most of my pairs, the bias will suggest a bullish move to take place for EU, GU and gold If DXY$ decides to continue bearish.
CAPITALCOM:DXYShort
by Hassan_fx
1
Dollar Index -> Plain And SimpleMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on the Dollar Index. Over the past couple of years, the Dollar Index has been trading in a quite solid rising channel and jusr recently perfectly retested and already started to reject the psychological $102 level. I do expect more continuation towards the upside to retest the upper resistance trendline. - - - - - - - - - - - - - - - - - - - - When the market moves where, and how, and if - these are all unknown. The only thing which you can control is your risk. - Philip Basic Trading - Keep the long term vision🫡
TVC:DXYLong
by basictradingtv
25
$DXY -Room for Growth ?TVC:DXY has been showing signs of strength after Banks Failures, printing what seems to be a Double Bottom at 100.8 Despite uncertainty over the Banking Sector, there is definetely some Room for Growth to 105-106 regarding TVC:DXY Dollar Index Reaching such a target, would put TVC:DXY on Major Critical Resistances areas : - Broken Macro Trendline (in white) - 0.618 Macro Fibonnaci Level - 114 High Resistance Trendline (white + dashed line) (current resistance on *D time-frame TVC:DXY will be facing is 200EMA on orange) Worth mentioning is that TVC:DXY seems to been having create a big ranging zone between 100.8 to 105.9 (upcoming idea will be clearer on this range) Untile the next one TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your own financial advisor before participating on any trading activity based soly upon this idea
TVC:DXY
by Mr_J__fx
USDJPY| The NEW 2023 USDJPYI'm convinced USDJPY could turn bearish if the price passes the monthly and weekly low 130.420 exchange rate. After this fulfilling bullish 2022 market, the sellers may have gotten tired of buying the dollar at high prices. Japanese Index (JPN 225) has been declining. The dollar cash index (USDX) has been declining. I'm patiently waiting to see if we will see our first lower low in 2023 or will USDJPY use this price range as it's last leg before continuing it's trend continuation? I love putting this puzzle together. What are your thoughts on USDJPY?
by ShaquanLopez
2
Dollar Index Chart Analysis.... In this situation DXY chart Lower high wave.So, market need seems sell correction @ 105:2700 and 103:878 and 102:300 support level.If breakout 108.500 resistance level, then market Buy UP to 109:680 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
Dollar Index Chart Analysis.... In this situation DXY chart Breakout symetric triangle pattern.So, market need seems buy correction @ 107:830 and 110:150 resistance level. Then sell to 103.730 support zone. If breakout 113.500 resistance level, then market Buy UP to 115.250 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
Dollars First Reversal Since 2021Almost exactly one year ago, the dollar reversed to begin its bullish run we've witnessed this full year. Today, price has reversed to the downside, passing the lows of $107.69. This could be the turn of a bearish dollar going into 2023. The major currency pair's bias may now have to change with this news and the US30 market may turn bullish if it reverses to the upside due to the dollar's reversal. More to explore on US30 soon. Thanks for reading❤️🔖📖
TVC:DXYShort
by ShaquanLopez