DXY- Can it reach 100 by year's end?After breaking above the rounded bottom neck-line in November, DXY has confirmed its long-term trend change.
The month of December is marked by consolidation in a rectangle with resistance in the 97 zone.
I expect a break to the upside soon and we can have a 3 digits Index quote by year's end.
As long as the price is above 94.50 USD is very, very bullish
Sell rallies on EurUsd, GbpUsd. AudUsd and NzdUsd can be a good idea
Dxybuy
DXY is pressing higherAfter reaching a high of 97, DXY has started to correct and, after a few days of correction, the index has started to consolidate in a tight 0.5 points range.
Now it looks like is pressing to the resistance of this range and a break here could lead to further gains and a new local high.
My target for the index remains 100, and traders should look for opportunities to sell rallies in EurUsd, GbpUsd, AudUsd and NzdUsd.
A drop under 95.80 could mean that the index has further to correct and expose 94.50 very important support.
Overall USD is strongly bullish on medium-term and the safest way to play it is to buy it low.
BULLISH DXYDXY has bottomed out around the 89.50 level and has continued to grind higher since. The next level that we took out was the 89.90 level which now acts as support and the upward trend line and pivot area. I expect a move higher in the dxy in the coming weeks and therefore I will sell the rallies in EURUSD and AUDUSD and buy the dips in USDJPY.
Good luck!
DXY Idea on 16 June 2021 #H4As we see dxy chart on 16 June 2021, after dxy finish running on flat price range between 90.400 - 90.600 from 13 June to 16 June, As FED meeting would affect the interest rate and US Dollars.
Trading plan, Wait for break out Flat Range and long at retest around 90.600 Target 90.800-90.850
DXY Full Analysis And How To Trade USD Pairs In The Next DaysThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DXY New Analysis And What Will Happen With Non Farm Payroll NewsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions