DOLLAR dxyLETS start to buy dollar by today.
reasons:
1.Fed testifies that unemployment rate gonna increase.
2.Fed is gonna continuing increase the interest rate.
3.Inflation still high and way far from Fed's target 2.
4.NFT came last month high rate 517K and its highest data until last year June.
5.Today we have NFP data and might be bullish dollar again and even if not I am still bullish pn dollar and
i will look some other support levels to buy.
Dxyanalysis
DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DOLLAR INDEX: Bullish context in short-medium term?Hi everyone!
There would be a lot to write about the fundamentals of the US dollar, but time is very precious so I'll just try to translate fundamental analysis into technical analysis with this hourly chart.
I hope it can be useful to someone anyway...
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PS: I would also like to know your opinion about dollar index, what do you think? Post your opinion in the comments....
A.B.
EXPECT SOME DOLLAR STRENGTHin my last DXY analysis I predicted dollar strength as I spotted bullish flag and it has broken and come and retested as predicted and is about closing with a bullish candle in a daily TIme frame, which it is a sign of pure bullish. already I'm short in EURUSD, I added some position which is playing out nicely. GBPUSD and AUDUSD is the next pair on my list. XAUUSD Is also sell not on my sell list though. enjoy.. remember reduce risk while trading correlated pairs.
DXY Elliott Waves Analysis (midterm Expectations)Hello friends.
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Everything on the chart.
Nothing has changed from my last analysis, everything according plan.
We got downward impulse, like for me very soon should start correction with target zone 106.5 - 108,after that our downward movement will continue with minimal target zone ~98, maybe even 93, for wave of (C).
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DXY H4 ZONE MARKINGWe have an analysis of DXY H4 zone marking
According to this analysis, we have found that Dollar is a bullish move because of price is moving above the (200MA & 50 EMA) golden cross-over price also tested the trendline 2 times for more information we marked the Demand & supply zone which is mentioned in the downside
Demand zone1@ 104.563 to 104.397
Demand zone2@ 103.676 to 103.492
Demand zone3@ 101.863 to 101.519
Demand zone4@ 100.962 to 100.761
Supply zone @ 105.536 to 105.738
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
dxy !!dxy is here at a key level once again a break here we could see another push down to that 104.4 level first then 104.200 area and if it fails to break back up we could see continued downside
on the flip side if it holds here we could see the dollar get strong
but at the moment its still a bit bearish so there will be some nice usd trade setups
dxy deciding areai want to see how dxy plays out but if the 104.800 level holds we could see a nice move to the upside if not we will see a test of bigger time frame order block which would a nice pull back for a possible move up either way im waiting on price development market is getting ready for some nice size moves
dollar index update!I am super bullish with dollar index.
Wallstreet corporation banks are fighting with FED despite that Powell's pessimistic speech afterward.
Fear and Greed index became GrEEEEEEED now :)
Extreme greed will appear soon.
then
Extreme fear will begin.
USA CPI data was low as expected. but we have to watch oil price and China's re-opening.
Inflation is a beast that we can't kill at once.
DXY New Week SetupPair : DXY Index
Description :
Impulse Correction
Bearish Channel in Long Term as an Corrective Pattern
Break of Structure and Retracement at Daily Demand Zone
Fibonacci Level
Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " A - WXYXZ " Corrective Wave
DeGRAM | Dollar Index DXY is approaching the major resistance level.
Price action may create an AB=CD pattern or an equal-measured move.
We anticipate a retracement from the resistance and Fibonacci extension levels.
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DXY - Febuary Price Action Analysis on the DailyHi guys. As everyone knows DXY is inversely related with all RIsk ASsets. We've seen the major markets and crypto start consolidating and falling in price. As the Dollar rallies.
This is on the Daily timeframe.
Ive drawn 3 trend lines which i followed closely to make sure i take profits in my trades across the boards.
First line we broke was the white trend line. Which pushed us to the next line, the red line. There was tremendous momentum seen with the size of the candles, especially the size of the one that broke out MASSIVE!
We fought that for a couple days and ended up breaking through to get to the last trend line, the Orange line which coincides with our downtrend from the September highs. This indicates we may have changed trends from downtrend.
Our next target is the white horizontal resistance line . Watch how DXY reacts here.
~Im in the camp that we will get rejected here in the short term when we reach.~
BUT if it consolidates around it, like price action did with the red line, it can break through.
ANd come down to test support on either:
1. On yellow horizontal line
2. Or the Orange slanted line
Indicator:
Also if you notice the RSI, as we were breaking the white trend line, it broke above the yellow moving average with force, and created a higher high from the previous high of the RSI. This also show cased that we would move further up in price and break the red trend line.
We are also getting to overbought terroritory on RSI marked by the 70 level or dashed line. And
We've been above the yellow MA for some time now, eventually to come back to test it and move below it which would possibly coincide with when the broader market stops consolidating. This can also coincide with not breaking the white trend line in the shorrt term. Lets see whats up!
Hope this made sense. Please comment, like and follow! Check out my other dxy ideas LINKED BELOW.
Let me know what you think and where the market is headed!
Thanks.
Disclaimer: This is not financial advice and i am not a financial advisor. This is my opinion based on TA.
DXY ( High Probability SELL Setup SOON )* Here we can see clearly the next moves for USD index ( DXY ),
* We can see clearly the Bearish Divergence on the RSI indicator,
* This shows us more confirmation for our U.S. indices Strop Bullish Move,
* We're using H2 time frame for a clearer view of our analysis, hence we can't predict the duration of our analysis to occur,
* Keep a close eye on U.S. indices coming days & weeks,
* Happy pip hunting traders,
* FX KILLA.