Dollarshort
The Dollar ready for a possible retraceGoodday to all of you..
Well what a run it was from the dollar..
We are nearing resistance and aggressive traders can start to accumulate 'short' positions..
Remember the market cycle from a price action point of view.
Breakout--> Channel --> Trading range (75% of the time).
Breakout--> Channel --> Breakout (25% of the time).
Price is trying to breakout from a trading range.. (80% of these breakout attempts FAIL(!))
DOLLAR INDEX USD MID TERM BEARISHNESSZEYAN here!!!!
IM EXPECTING THE DOLLAR TO GET WEAK IN MEDIUM TERM
This is the end result of my analysis; I analyze the market using a very unique method for trend and entry; please do not take this information at face value; conduct your own research.
If you want me to analyse your charts, please let me know in the comments.
THIS IS IN NO SHAPE OR FORM A FINANACIAL ADVISE
If it was helpful, you owe me a like!!
DXY Dollar Index Losing Momentum $90.45This is your tarot chart reading per event.
DXY is the most important highlight to watch for all marketeers and traders. DXY is normally to calculate the relative between other currencies and some commodities.
1st rebound is on 7th January 2021
2nd rebound is on 1st June 2021
DXY is good performer when it comes out with stimulus projection or stimulus release.
This year 2021 pattern took some major constructive pattern.
January to March = strengthen
March to June = weaken
June to Sep = strengthen
Thus, we can expected Q4 the US dollar index will be weaken. As clearly shown that the pattern development on the current constructive pattern is losing.
The steam of strengthening losing it's momentum as the stimulus of injection dollar to the market gained less traction control.
Based on my calculation, there will be no more upscale towards the dollar projection.
Q4 is coming and the all indices will be going into depression.
Thus, I am predicting the dollar will hit the value of $90.45 starting next week course developing trend.
Zezu Zaza
2048
[DXY W1 Sept 2021]DXY // USDINDEX // USD // DOLLAR
Sell Setup
Continuation trade:
📰 We have seen a fakeout above 93.400, which has trapped MANY traders last week. I have emphasised many times that fundamentally this won't be long when the dollar resumes its bearishness due to the FED and tapering news. And clearly was brought to light on Friday.
👉🏻 As mentioned that 93.000 was a retest area before a selloff. Possible continuation to at least 91.500.
Daily Markups
DXY - A third-wave decline (long-term)Dollar Index
A third-wave decline might be at the early stages
It seems like a wave (2) might have been in place, so we could be at the beginning of wave (3). If correct, the market should break the low of wave (1) in the weeks to come. At the same time, we can’t rule out that wave (2) might be a little bit longer, possible as a flat pattern.
We will continue considering this option as an alternate scenario.
EURUSD above 1.22 region
The EUR continues to rise against the U.S. dollar as the Federal Reserve continues to pump money into the economy and Biden's administration looks to spend.
EURUSD surged above 1.2200 with the 100 EMA serving as a strong level of support on the 4hr time frame.
EURUSD could target 1.2270, 1.2300 and 1.2334 levels respectively.
DXY . I'll Respect Spinning Top . Bearish Bullplease dont hate me. i dont hate the other guy. i just think he's sometimes wrong. like me.
today i am dxy bear.
i am DXY Bull. usa. all the time long time.
but today bear.
i will be respecting Spinning Top. I do not see DXY higher today, or early next week. I think we range down to some fibs, 9399, Aug 3 high along the way to 939. 9369 if DXY is feeling froggy. but then skies the limit. IF it hangs tough, then 9416 -9408 bounce house.
TVC:DXY
DXY INDEX Analysis by Wave FX Academy
DXY Weekly Outlook. Overall overview of the dollar is weak, however, I would be expecting a soft rally over the next few weeks many even a couple months too. We would have completed the BWave correction and moving lower to complete CWave, thus ending the 4th Wave of the Grand Cycle.
Short term we may see strength coming in the dollar but overall we should expect continued dollar weakness as we are still in the correctional phase.
Let me know your thoughts and your feedback.