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DXY Triple bearish rejection. 102.000 by month's end.The U.S. Dollar Index (DXY) had a major Bearish Rejection last week, and the 1W chart perfectly portrays the triple sell signal that just emerged. As you see the price hit and pulled-back off 1) The Lower Highs trend-line of the Descending Triangle pattern, 2) the 0.618 Fibonacci level and 3) the 1W RSI got rejected on its Higher Highs trend-line. This Triple Rejection is a major medium-term sell signal at least, with the first technical target being the 1W MA100 (green trend-line), which supported the downtrend last time (May 08 candle). The 1W MA50 (blue trend-line) has been the Resistance since the week of December 19 2022. If we get a weekly close below the 100.825 Support, we will re-sell and target the 1W MA200 (orange trend-line) at 98.550 on the long-term. ------------------------------------------------------------------------------- ** 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
DXY Time to start selling it. Long-term top is near.We had a good break-out buy signal on the U.S. Dollar Index (DXY) on our last trade ten days ago (see chart below) and despite not having hit our original target, we decide to close the long position: The reason is that it has reached the Lower Highs 1 trend-line, the first out of two Resistance levels. Our target was the 1.618 Fibonacci extension, where the 1D MA200 (orange trend-line) is expected to make contact with, so that will be our second (and final) sell entry. Pay attention to the 1D RSI also, which turned flat just before getting nearly overbought, same as it did on February 24. Our bearish strategy targets the 1D MA50 (blue trend-line) on the short-term, with a projected contact at 102.650. ------------------------------------------------------------------------------- ** 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
3
Dxy 🌊Salutations, The US Dollar exhibits a prototypical double-zig-zag configuration, reminiscent of what can be described as "Phase E" in the canonical Wyckoff Accumulation Schematic. --- During Phase E, an asset breaks free from its trading range, demand exerts unambiguous control and the appreciative trend becomes palpable to the discerning eye. Potential setbacks such as shakeouts and customary corrections typically recede quickly. Higher echelon trading ranges that encompass both profit realization and the procurement of additional holdings(“re-accumulation”) by influential stakeholders may manifest at any juncture during Phase E. These intermediate trading arenas are sometimes metaphorically referred to as the “stepping stones,” paving the way to even loftier price objectives. My conjecture posits that the recently completed local Wave B in April symbolizes one such "stepping stone". --- Wave Y - 131 - 143 ☿
TVC:DXYLong
by amethystphantom
DXY Will keep rising until it tests the 1D MA200.The U.S. Dollar Index (DXY) has found itself rebounding, many months after the huge sell signal we gave last September (chart below): The price rebound on the 100.790 Support that was first formed on the February 02 Low and is now above the 1D MA50 (blue trend-line). The 1D RSI symmetry with the February rise, hints that the price may rise as high as the 1.618 Fibonacci extension. That is above the Lower Highs trend-line and below the 105.885 Resistance but is projected to make or almost make direct contact with the 1D MA200 (orange trend-line). That is an excellent medium-term target, we are aiming at 105.000 to lower the risk. Note that the 1D MA200 has been intact since December 07 2022, so a rejection near it will be a strong sell opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYLong
by TradingShot
2
US DOLLAR INDEX plus CORRELATIONSDXY — RESISTANCE (4H) ✍️ Several things have led to the current success of the DXY: (1) The Bold Way the Federal Reserve Handles Money Interest rates were raised four times by the Fed in 2022, and this is expected to happen again in 2023. Because of this, buyers are more interested in the US dollar because it has higher interest rates than other currencies. (2) The Conflict in Ukraine Investors have moved away from risky investments like stocks and commodities and toward the US dollar, which is seen as a "safe haven" currency. (3) The Sentiment of the Economy People think that the US economy will grow more slowly in 2023 than it did in 2022. This could make fewer people want to buy US goods and services, which could cause the US dollar to fall. (4) A Global Recession The global economy is being pushed around by things like rising prices, problems in the supply chain, and the ongoing situation in Ukraine. These problems could lead to an economic slowdown, which would hurt the value of the US dollar. 🤔 That being said, it's possible that Price Action will respect Resistance @ 1.0255 (4H), which would make the following pairs go up in our favor: AUDUSD 📈 EURUSD 📈 NZDUSD 📈 GBPUSD 📈
TVC:DXYShort
by ProfessorCEWard
USD to drop a bit more, and create ripplesThe week ended a little confused, post NFP and other announcements. The only slight clarity here is that over the next week (or few weeks), we should see the USD dropping a bit more, breaking down both support lines, for a few days. IF "lucky", the USD futures should reach target at 99, even for a day or two. Now, this comes with a bit of a stretch with volatility in the other parts of the market too, affecting commodities, indexes, forex etc. Later analysis posts, is based on the background scenario in an increased likelihood of a USD decline.
ICEUS:DX1!
by Auguraltrader
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