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Dollar Index Futures DX1!

DXY: 1D MA50 closing decides the trend.DXY has found Support on S1 (100.800) and turned rather sideways on 1D as also shown by its technicals (RSI = 46.877, MACD = -0.410, ADX = 14.027). The RSI carries strong similarities with the November-January decline so as long as the price trades under the 1D MA50, we will be bearish aiming at the Channel Down bottom (TP = 99.000). If it closes a candle over the 1D MA50, we will turn bullish short term aiming at the Channel's top (TP = 104.000) and then sell. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXY
by InvestingScope
4-27-23 [dxy]hello, just wanted to share an extra layer of confluence, supporting my latest spx post. --- the us dollar, has been very corrective on this entire move down - i will not share my full count (yet). --- >i am theorizing that it breaks down in the month(s) ahead leading into the summer time. --- prior to the breakdown, i'd like to see it backtest the last point of supply. if a rejection is apparent, that is what i believe will cause an aggressive up-thrust in the stock market.
TVC:DXY
by notoriousbids
5
DXY could be starting a bullish reversal.The U.S. Dollar Index (DXY) is rebounding aggressively today after holding the 100.815 Support (February 02 Low), on the strongest 4H candle so far in a month. It remains below both the 4H MA50 (blue trend-line) and 4H MA100 (green trend-line), trading inside both a core Channel Down (blue) and a Diverging Channel Down (dotted). The very same pattern was seen prior to the February 02 Low. The Ichimoku Clouds are identical as well as the RSIs, which after Lower Lows formed a Double Bottom and rebounded. If the price breaks above the top of the Diverging Channel Down, then we will most likely see a rally extension to the 0.618 Fibonacci at 103.950. If rejected, we will resume selling and target 100.450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
1
dxy 4-14-23gm, i called both the bottom in 2021, and the top last year on the dxy (view posts at the bottom of this thread). very few people heard my voice - swinging by into the public communities to share this very general post today. --- dxy came down in 5 waves from my upside target, seemingly. possible w5 isn't in yet as it could see a slight extension - also possible that it is. --- once 5 waves down is indeed confirmed, a three wave retracement will take place, with force. when this retracement takes place, the markets will take a beating. nfa. --- ------ --------- PS. if the dxy see's an extension for this last leg, the bear market will get extended by 365 days. --------- ------ --- ✌
ICEUS:DX1!
by notoriousbids
DXY DX1! (USD INDEX) DOWNTRENDWith USD News due at 5:30 AM Pacific Time for me, I expect this Minor Resistance Level (see chart annotation) to get some attention from Price Action. Now, an uptrend retracement is likely to continue if Price Action closes above the Uptrend Anchor Break at 101.0460. However, if price action: (1) stays below 100.9750 AND (2) closes below 100.7880 (Downtrend Anchor Break), we should anticipate the downtrend to continue. If the DXY continues to fall, the EUR/USD will continue to rise. AND THAT'S GOOD "NEWS" FOR US!!! LOL
TVC:DXYShort
by ProfessorCEWard
DXY: Under its 1W MA50, solid opportunity to sell long termThe U.S. Dollar Index is retracing its weekly losses to more than 50%. The rejection on its 1W MA50 though two weeks ago, maintains the long term bearish trend and that retracement makes it a sell opportunity again. With 1W technicals still in red (RSI = 41.988, MACD = -0.570, ADX = 23.107) and the MACD in particular on the same level as the start of the final sell phases of the previous two 1year corrections, we expect DXY to reach at least the 1W MA200. TP = 98.500. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYShort
by InvestingScope
10
DXY Huge H&S about to break downwards aggressivelyThe U.S. Dollar Index (DXY) has hit our first short-term target as presented on our most recent analysis: The major news however is that it failed to break above its 1W MA50 (blue trend-line) where in fact it got rejected last week. This validates the giant Head and Shoulders (H&S) idea we discussed in the past, which is now targeting the 1W MA200 (orange trend-line) and Support Zone 2 at 98.300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
6
USD at choke pointFor most of 2022, the USD rallied bullishly and pulled back in the last quarter of 2022, falling as 2023 unfolded. Recent weeks saw some recovery in the USD but it failed the 23EMA. The devil in the details show that there is a Dark Cloud Cover candlestick pattern , which bodes ominously for the USD in the following weeks. Noted that the close had to be below 104.495, and the week candle closed just below at 104.490, thus qualifying a Dark Cloud Cover. Having said that, the TD Sequential has the TDST support at 105.435, below which the primary trend is bearish. The following TD Buy Setup closed below and price still remained below despite a bounce. Another note is that the Fibonacci 61.8% level is at 105.115, again forming another resistance to the USD for breakout. Taken together, the USD is in a bad place with multiple resistances and appears to have failed these levels. The VolDIv shows a downward movement, albeit the MACD suggesting a short term upside. Expecting the USD to fall in the coming weeks, maybe months to follow... watch 102 as a potential bounce area.
ICEUS:DX1!Short
by Auguraltrader
DXY: Consolidation and sell after the 1D MA50 breaks.The Dollar Index got rejected on R1 (105.830) that is the Resistance that formed the December 7th and January 6th Highs and turned neureal on its 1D technicals (RSI = 51.995, MACD = 0.460, ADX = 33.297). We expect some consolidation inside the R1 - S1 (103.470) range, same as in December but when the 1D MA50 breaks, we will turn bearish (TP = 101.000) targeting S2. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYShort
by InvestingScope
1
DXY Excellent sell level, rejection confirmed.The U.S. Dollar Index got rejected on its January 06 High Resistance and even though it is on a short-term Channel Up, the Resistance rejection as well as mostly the September 29 Lower Highs trend-line, will soon start to weigh sell pressure on the price action. With the 1D RSI printing a Head and Shoulders formation similar to September - October 2022, we remain short, targeting 103.700 (1D MA50) on the short-term and if a candle closes below the 1D MA50 (blue trend-line), extend selling towards the Support Zone (Target 2 = 102.700). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
5
DXY Channel Up targets the January High. Sell if 4HMA100 breaks.The U.S. Dollar Index is headed towards critical crossroads as the 105.650 January 06 High is the most important Resistance with relation to the long-term trend. If broken the medium-term bullish trend transitions to the long-term. The February Channel Up is supported by the 4H MA100 (green trend-line). If broken, we will take a sell targeting the 4H MA200 at 103.700. If we close a 4H candle below it, we will re-sell and target just above the Support Zone at 102.700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
1
DXY Potential Double Top. Sell opportunity.The U.S. Dollar Index (DXY) came close o the 105.650 Resistance of the January 06 High and currently has been rejected. This was a level that failed to break above the 1D MA200 (orange trend-line), which is holding as Resistance since December and is also inside the Pivot Zone that formed three rejections and one rebound since May 13 2022. With the RSI almost breaching into the overbought zone (70.00) and getting rejected, it is very likely that the 105.650 Resistance will turn into a Double Top and reject the price lower. With the long-term pattern since the September top being so far a Channel Down, it is likely that the rejection will deliver Lower Lows for the Channel, initially to Support 2 (Target 99.500) and in extension Support 3 (Target 97.500), as it appears that the Higher Lows gaps of the uptrend are systematically targeted during this downtrend. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
6