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Dxyforecast

Is DXY making a cup an handle pattern?So as for now we can see DXY is probably making cup and handle pattern but its inside strong support/resistances which can indicates if yes or not. We can also see that is looking for his supply which can be another clue about bullish trend in monthly chart. Also can explain my other post about USDMXN which is about to pullback in H-C-H pattern. Even above behavior already explained I saw in CRSI that for now overbought which makes me doubt a little bit, so I hope it is just a 4th Elliott's wave in lower timeframe.
TVC:DXYLong
by Edwinox92
DXY Daily TA Cautiously BullishDXY daily guidance is cautiously bullish. Recommended ratio: 90% DXY, 10% Cash. *Equity Futures, Agriculture, Metals and EURUSD are down to start the week while DXY, US Treasuries, Energy and Crypto are up. As long as the Federal Reserve's federal funds rate keeps going up and Russia keeps escalating the war in Ukraine, DXY will likely keep going up. Key Upcoming Dates: September US Consumer Confidence Index at 10am EST 09/27; August US New-Home Sales at 10am EST 09/27; Final US Q2 GDP revision at 830am EST 09/29; August US PCE price index at 830am EST 09/30.* Price is currently trending up at ~$113.78 after briefly testing $114.62 resistance earlier in today's session. Parabolic SAR flips bearish at $108.84, this margin is mildly bearish at the moment. RSI is currently trending up at 77.21 and is beginning to form a soft peak as it approaches 81.84 resistance. Stochastic remains bullish and is currently trending up at 96 and is beginning to form a soft peak as it still technically tests 88.40 resistance. MACD remains bullish and is currently trending up at 1.16 as it approaches 1.24 resistance with no signs of peak formation. ADX is currently trending up at 35 as Price continues going higher, this is bullish. If Price is able to break above $114.62 resistance then the next likely target is a retest of $119.88 resistance for the first time since January 2002. However, if Price is rejected here at $114.62 resistance, it will likely retest $110 minor support . Mental Stop Loss: (two consecutive closes below) $107.91.
TVC:DXY
by dailytaguy
DXY Monthly Chart (Predicted in Nov 2021)The DXY (Dollar Index) is shown on a monthly chart. DXY has broken out of a very long term line of S/R (Support and Resistance). It may come back down to re-test the S/R line before heading higher. It's interesting to see the parallel channel formation and the trend line it is walking on since 2008. I have been calling for the DXY to start moving higher since November 2021. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
TVC:DXYLong
by MillionaireEconomics
7
Dxy- Stalling near hightsAfter the strong reversal from near the ascending trend line, DXY managed to get back above resistance, but the index is lacking conviction and is unable to continue. Instead, DXY is stalling and is putting in Pin Bars on our daily chart. This can be an indication that a correction could follow and a break back under resistance, now support would bring confirmation. I've become slightly bearish on USD for now. Wait and see is my approach on Usd pairs
CAPITALCOM:DXYShort
by Mihai_Iacob
16
20 Reason for Long DXYUpdate 07/09/2022 1 Structure 1/2: Bear 2 imbalances : Correction target marked 3 Current Move1/2 : Corrective 4 Entry TF : D1 4.1 ETF Structure: Bull 4.2 move : impulse 5 Support Resistance: Pull Back support waiting 6 FIB: waiting according to drawing for buy entry 7 candle Pattern: shrinking candles 8 Chart Pattern: 9 Volume : decrease correction now 10 Momentum: Bullish 11 Volatility : Divergence 12 strength: full favor of bulls 13 Sentiment : No1 14 Final Summary: go with Bull buys all signs are favor of buyer 15Buy /Sell/Wait : wait for buy 16 Entry:108.222 17 Sl: 107.555 18 Tp: 114.555 19 Risk to reward Ratio: 1:13 20 Excepted Duration : 45
ICEUS:DX1!Long
by Optimum369
1
DXY Daily TA Neutral BullishDXY Daily neutral with a bullish bias. Recommended ratio: 60% DXY, 40% Cash. *After briefly touching $110 minor resistance in Friday's session, the DXY will attempt to retest the next resistance between $112 (Weekly resistance) and $114 (Daily resistance). The last time the DXY tested $112 Weekly resistance was in 2000. If the Fed raises FFR by 75bps on 09/21 this will push it to 3% and may serve as a catalyst for DXY to keep surging higher. A few Fed members have openly suggested taking FFR to 4% or above by early 2023, should this happen the stage is all but set for DXY to keep going higher. Key Upcoming Dates: 10th GDPNow US Q3 GDP Estimate at 830am EST 09/07 ; 6th Beige Book at 2pm EST 09/07; August CPI at 830am EST 09/13; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently retesting $110 minor resistance for the first time in 20 years. Parabolic SAR flips bearish at $108, this margin is mildly bearish. RSI is currently trending down slightly at 68 after peaking at 69, the next resistance is at 82 and the next support is at 59. Stochastic remains bullish for a second consecutive session and is currently trending up at 91, it's still technically testing 88 support. MACD remains bullish and is currently trending up at .82 but is still technically testing .65 resistance, if it can break above .65 the next resistance is at 1.24. ADX is trending up slightly at 28 as Price continue to push higher, this is bullish. If Price is able to break above $110 minor resistance then it will likely retest between $112 Weekly resistance and $114 Daily resistance for the first time since 2000. However, if Price breaks down here, it will likely retest $108 support before potentially retesting the 50 MA at ~$107 as support . Mental Stop Loss: (one close below) $108.81.
TVC:DXY
by dailytaguy
Dollar In ranging, Short expectedNow Dollar index consolidate on108.3-109.3. If breakout then dollar gonna another high to 111.2; If NFP data will negative, Dollar gonna 106.3 and go on. Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price. DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea. Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
TVC:DXY
by mahfuzazim_TA