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DOLLAR INDEX Bearish long-term but short-term jump likely.The DXY is on a bearish day, making a 7month Low, after the U.S. CPI report matched the 6.5% forecast. With 1D technicals deep in red (RSI = 35.059, MACD = -0.730, ADX = 22.946), the 1D Death Cross last week (January 5th) and the Bearish Cross on the MACD, keep the trend bearish within the 2month Channel Down, targeting 101.260 (May 30th Low) However, with the RSI hitting its Higher Lows (HL), the trend-line which has given short-term bounces within the Channel Down, we see more likely a quick jump to the top (or even marginally above it to the 1D MA50) of the Channel, before pursuing the lower target. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
TVC:DXY
by InvestingScope
1
DXY 1D Death Cross emerging. More pain to come.The U.S. Dollar Index (DXY) is about to form a Death Cross pattern on the 1D time-frame for the first time in 2.5 years (since July 03 2020). This is technically a very bearish formation (when the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line)) and should continue the long-term bearish trend, a long-term move we caught at the very top as you can see on our September analysis: As the 1D MACD is losing out on its bullish momentum as long as the price gets rejected on the 1D MA200, it will continue to fill the lower Fibonacci retracement levels (from the May 25 2021 Low). As you see those Fib levels match almost perfectly the previous Resistance levels (green zones) during the uptrend. Even though the 0.5 Fib (102.220) is next, our point of interest is the 0.618 Fib (99.210) that could make contact with the 1W MA200 (red trend-line) ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
4
DXY Below the 1D MA200, 1st time since June 2021, targeting 100.It is no big secret that the U.S. Dollar Index (DXY) is on a strong bearish reversal. It is something we've been warning the community about since September when we caught the exact top on the Channel and called for a massive reversal: What however appears to have confirmed the bearish extension is the fact that the DXY broke and closed below its 1D MA200 (orange trend-line) on Thursday, for the first time since June 17 2021. That alone is a very strong sell signal on the long-term, which as we outlined on previous analyses can target the 2.786 Fibonacci extension, which is a little over the 100.00 mark. As you see, every Low since the September 28 top has been on a former Resistance Zone (green) and the November 15, November 28 ones hit the 1.786 Fib extension. The 2.786 Fib happens to ben just above also the Resistance Zone that made the March 07, 14 and 28 Highs. On the short-term however, with the 1D RSI near the 30.000 oversold barrier, having formed a clear Support Zone since the November 11 Low, we might see a counter trend rebound to test the 1D MA100 (green trend-line) and 1D MA50 (blue trend-line) as Resistance. Especially if the 1D RSI breaks above its Lower Highs trend-line coming off the September 27 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
5
DXY Is King Dollar dead?Yes it is a catchy title but isn't far off from what is happening on the U.S. Dollar Index (DXY) since October. This weekly chart shows the strong rejection on the late September Top, which was formed neatly on the Rising Resistance (Higher Highs line) that has been in effect since the November 2008 High. That High along with the March 2015 formed similar patterns after their rejections: first sudden drop to the 1W MA50 (blue) and then structured 2 year decline supported by a declining level (Lower Lows). Notice that DXY's bottom, hence the best level to buy is when the weekly RSI makes a double bottom (more like either Lower Lows or Higher Lows). The second Low has been the most optimal entry to buy. We are far from that scenario now and even though the 1W RSI has dropped dramatically, the USD holders can only hope at best for a rebound as the price is approaching the 1W MA50. Of course the price action doesn't necessarily need to repeat past patterns, but this 14 year Channel Up is definitely a pattern to consider. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
TVC:DXYShort
by InvestingScope
4
DXY Major bearish break-out ahead of 1D MA200 test!The U.S. Dollar Index (DXY) eventually made the bearish break-out we expected as it broke below the Bullish Megaphone pattern that it has been trading in since January 2022: As you see, the break below the 1D MA100 (green trend-line), which was almost on the bottom (Higher Lows trend-line) of the Bullish Megaphone, was supporting this bullish pattern since June 16 2021! Naturally its break-out has been a major event and the price almost reached the next MA in line, the 1D MA200 (orange trend-line). We now see the price rebounding and it shouldn't come as a surprise as it hit exactly the 1.785 (blue) Fibonacci extension from the last low. Also there is the (green Support Zone) to consider from the May 13 High. As a result, we expect a rebound to test either the 1D MA100 or 1D MA50 as Resistances and accumulate more sellers. A closing below the 1D MA200, would be a bearish continuation for us, targeting the 101.300 (May 30 Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
4
DXY Approaching multiple Support levels but no confirmed buy yetThe U.S. Dollar Index (DXY) has been pulling back since the September 28 High. Technically it has been trading within a long-term Bullish Megaphone pattern since the start of the year. Today the price hit the 1D MA50 (blue trend-line) for the first time since August 15. With the 1D RSI approaching the 41.00 Support, which has formed 3 out of the 4 total Lows of the Megaphone, this is starting to align major markers for a long-term buy that targets the next .382 Fibonacci extension in line, the 5.382 at 118.00. For us it would be best to enter after confirmation as the selling pressure from the bond yields is strong and that confirmation can be given after the MACD makes a Bullish Cross. Until then it would be best to stay on the sidelines. As you see the Megaphone's bottom (Higher Lows trend-line) is considerably lower than then 1D MA50 this time. We are only willing to sell if the price breaks below the 1D MA100 (green trend-line), which is slightly below the bottom (Higher Lows trend-line) of the Megaphone, giving us good tolerance levels hence a solid confirmation. In that case we will be targeting the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
2
Here is the deal with the USD...UP... within the next three weeks. First, it has completed the Cup & Handle pattern, a very reliable pattern. Now on the breakout and the projection is mapped (dotted aroow line). Second, technical indicators of the MACD are bullish, and continue to support an uptrend. There is no bearish divergence observed. Third, the other set of technical indicators for money flow, and volume are also supporting the continued upside, with no indication of bearish divergence. Finally, the weekly TD Sequential Sell Setup just completed (green box with black background), with a small kink... that the 8th and 9th candle highs are not higher than the 7th candle high. According to TD Sequential rules, we can expect that at some point in the next three candles (or so), the 7th candle high would be taken out and exceeded in an attempt to Perfect the TD Sequential Sell Setup. So... expect the USD to end up in the range around the white ellipse. Perhaps then we might see some real signs of the USD abating its bull run? Note that with a massive bull run on the USD, markets are being affected badly, and money flow is unusually into the USD (exiting most other markets). Furthermore, the longer this stretches, the worse the unwinding becomes with commodities when the USD retraces. It is like an overstretched rubber band, and its dicey before we know who would release it first... the tension followed by the release of that tension. Oof...
ICEUS:DX1!Long
by Auguraltrader
DXY Can drop even lower. Buy and sell levels long-term.The U.S. Dollar Index (DXY) has been pulling back since the September 28 High. Technically it has been trading within a long-term Bullish Megaphone pattern since the start of the year. As you see, the price is below the 4H MA50 (red trend-line), and since at least May 30, the Low is formed at least on the 1D MA50 (blue trend-line). This is the level to enter if you are looking for a long-term buy that targets the next .382 Fibonacci extension in line, the 5.382 at 117.825. There is also the 62.20 1W RSI Support to consider before entering. Note that if the 4H MA50 breaks upwards first, it is a bullish break-out signal. We are only willing to sell if the price breaks below the 1D MA100 (green trend-line), which is slightly below the bottom (Higher Lows trend-line) of the Megaphone, giving us good tolerance levels hence a solid confirmation. In that case we will be targeting the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
2
Complete Dollar (DXY) Top Down Analysis =Where Is It Headed Now?Traders and Investors, Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking it to our next multi year target of 113 zone. This zone again will have potential to push the price down or at least sow it a bit. After that we will have 116 as a new intermediate resistance followed by 127 zone. In this DXY (Dollar) technical analysis we will study few scenarios which can help in understanding what is about to come next few days/weeks. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:DXYShort
by vikinsa
DXY Two levels it can reverse massively on this 30 year Channel!The U.S. Dollar Index (DXY) has been rising all year in the aftermath of the Fed to decide to raise the interest rates in their battle to lower the extreme levels of inflation. As a result, the USD has been gaining against the basket of major world currencies. From a technical perspective though, the time is approaching that it may reverse massively downwards as it is meeting two key long-term rejection levels. The first and most important is the top (Lower Highs trend-line) of the 30 year Channel Down pattern, which started after the August 1992 Low! As you see this Channel has so far two Lower Lows (green arrows) and two Lower Highs (red arrows). The most recent of the latter was printed on last week's 1W candle. The price hit the top of the Channel Down and got instantly rejected. However, with this week's worse than expected CPI, we see the current 1W candle in green, attempting to hit the top again. Until we close a weekly candle above it, we have to consider this level as a possible long-term trend reversal/ rejection for the DXY. If the USD Index does break and close above it, then we will come across very quickly another key long-term rejection level, and that is the Higher Highs trend-line of the 13 year Channel Up pattern that started in the aftermath of the Housing Crisis in 2009. As you see, so far the Higher Highs trend-line has made three contacts with that line (red Flags). The next (if the Channel Down breaks) should be around 114.00. That is the second long-term candidate level for rejection. This historic price action shows that potentially, going short at the current levels on the U.S. Dollar, offers a low Risk high Return set-up, at least on the long-term. Of course, the macroeconomic environment has to keep up in order for the technicals to play out, especially being in this highly inflationary environment. A key factor is the Fed's Interest Rate (blue trend-line). As mentioned above, this has been rising since the start of the year, causing this parabolic rally on DXY. We see that in the course of the past 30 years, every time the Interest Rate dropped, the DXY was following downwards. As a result, if the Fed decides by the start of next year that the job has been done and that inflation may be (partially at least) controlled, the can start cutting the Interest Rate back in order to stimulate the stock market, which has been suffering all year long. A mere hint/ announcement by the Fed of such intention early, can cause the DXY to reverse before the Interest Rate even starts decreasing, as it happened after 2006. The times we live in are unique in terms of the fundamentals and more likely than not the battle to control an inflation caused by years of abuse can take an equal amount to years. At last, if you are a long-term investor looking for a confirmed level to sell, that would be below the Higher Lows trend-line, as it happened in December 2002. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
9