DXY
Analysis of the DXY charts and other data also confirm the increase in interest rates and the strengthening of the dollar.
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Caution today has important news so observe the money management .
Dxyforecast
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
DXY next moveAs my analysis before, I mentioned that DXY could started to bullish again from 107.9 and other asset are tanking.
This is my view of DXY for this week :
DXY is now in corrective move and could sweep the liquidity between 109-108 area before continue upwards
We will have FED % rate news release on 21th Wednesday with 75bps forecast
This news will decide the next DXY move.
DXY bearish divergencesThe DXY is approaching a meaningful trend change! Don't be fooled by the Fed, the USD will soon reverse course no matter how much the federal reserve wants a strong dollar, the fiat currency seems to be approaching extreme overbought territory on the weekly chart on every momentum and price oscillator I could find. Be on the lookout for risk on assets to reverse course, crypto, stocks and precious metals will benefit from imminent DXY weakness.
Triple Top on the DXY? 109.9 (Opinion)No position was opened. If so, a pullback for its next move up is required. Crypto could be making its next move up. Correlations in TOTAL and the DXY are very noticeable right now.
A slight pull back could mean cryptos next leg up.
DXY Weekly PredictionHere is my view for DXY on W1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXYVideo Analysis. Includes Crypto BTC targets.
Thinking we are in W5 now and will likely top around $112-$115 EOY.
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
DXY Idea H1Here is my view for DXY on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY is on steroids 😂🤦♂️Dxy is moving in an uptrend channel for more than eight months so based on this channel I guess he will stop at 111.60 then it will start to fall to price level 108 then we can see if it's going to continue in this uptrend channel or will it fall.💵💰
Goodluck all If you like my idea like it and comment your opinion.
😊
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.
DXY is easy short - RSI divergence also DXY is easy short - RSI divergence also
Comment and open discussion if you wish.
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.
DXY has is preparing to take off!!DXY has opened with a big gap in the monthly perspective. With the long-term bullish market structure, DXY is preparing to continue its uptrend. It is a high probability that DXY will test the support of this structure and will bounce off to the upside.
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Dollar index ready to fly are you ready Dollar index ready to fly are you ready .market break the final high and make demand zone we will see from demand zone.high time frame trend is bullish so we expect bullish from the demand zone
DXY create bullish Rectangle pattern. So, Short sell, long buy
In this situation DXY chart Hopefully create bullish Rectangle pattern .
So, market need seems to SELL correction at 108.600 & 108.400 support
level. Then Market fully BUY to 109.550 & 110.200 resistance level.
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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DXY - The Final Thesis - 4 POSSIBLE PATHS to ZEROthere are possible paths for the DXY before it crashes to zero and being replaced by another reserve currency.
sending love to all
DXY Buy and then SellThe US Dollar is continue rising and trying to make all time high of this year.
DeGRAM | DXY shortDXY could not go higher than the resistance level .
Price action decelerating at that zone.
We expect the support zone to be tested.
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Dollar Index (DXY) - 21 Aug 2022 After facing the resistance of 109, the dollar index began a corrective process, and of course, due to the re-increase of the interest rate and good statistics, it started to move upward again from the range of 104-105. It can again attack the range of 109. We will enter a new and more powerful upward phase, which will definitely affect the American economy.
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DXY create Bullish Pattern Dollar create bullish pattern, Now dollar create double bottom in trend support line, In last July dollar create a top in 109.7 Now i anticipate dollar will create another top in 110.8 range!
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions.
