DXY long for sure!Dollar is very bullish on monthly timeframe! Fed will hike another 75bps in july. So dollar will crazy!
Dxyforecast
DXYI think there are two ways for DXY. The firs way is the price can com back to touch bottom line, and second way is it wants to jump after some rest. i show you in the chart.
DXY Chart H1Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY Idea H1Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
dxyThinking we finally have a 5th wave top in here, I was expecting $106.60 to be the final blow off top and that is still on the table. But as for now the ABC correction seems to have started. If this move proves to be yet another extension I would expect $106.60 plus to get tested b4 the predicted correction ensues.
DXY Chart H1Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ICT ATM METHOD DXY!!!!!!!ICT ATM METHOD!!! short term high ran and rejection giving you the confirmation of the short, well look for this to reject inside the ob 104.900 and take out the local lows liquidity 103.400.
Price reaches the low ob+fvg 102.650 prior to running the sell side liquidity well monitor this for a potential area where we see a rejection (pray this doesn't happen) and if so well look to take profit and cut our positions.
HOLY GRAIL if price seeks the sell side liquidity 101.300 then we can really set our selves up for some relief.
WE STAY CALM AND COLLECTED, LET THE MARKET COME TO YOU AND EXECUTE LIKE A BOSS!!
DeGRAM | DXY longDXY recovered after the fall.
It might go evem higher.
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DXY Chart 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 Chart H4Here is my view for DXY on H4. 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 BUY FIBO RETRACEMENT LEVELHello Traders,
I'll trade this idea on DXY looking for a long position around the 61.8 % and 38.2 % Fibonacci's Retracement because the dollar is bullish.
Pure technical analysis trade ( watch spx too inverse correlated )
Dollar Create Bearish FlagDXY will drop from current level; Technically dollar create bearish flag! So i anticipated dollar will be short from this level to 100.3xx
DXY Chart 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!
GOING LONG ON DXY. LONG TERM SWINGSpeculations with respect to technical analysis is seen that DXY has prospect of going bull,
$100 and $98 is seen as the nice entry for a bullish run,
TP @ $114
DISCLAIMERS
This is not a financial advice.
Trade with caution.
Use Proper Risk Management.
Martin I. Sylvester
Financial Market Analyst
DOLLAR INDEX | MONTHLY ANALYSIS#DXY has hit the strong resistance of 103 where a strong rejection candle is in formation.
For above 103, the bullish parallel channel will be active, and the upside target of 115 will be insight. But this 103 level has not crossed since 2002.
For below 103, a correction is due till 99 or maybe more than that.
On a daily timeframe, there is bearish divergence and 99 is insight.
Let us know what do you think of the idea?
DXY Dollar Index : Tighten your seatbelt, airplane in space 9.5Simple, practical, efficient.
We are looking at the highest level since March 2020.
A very smart trader once told me - Buy low, sell high.
And looking at December 2016, March 2020 - Jackpot would have been hit both occasions with a short position, with 15% down for USD on average both times.
Now let's connect that to today.
What's similar? The level it self. 103.80-104.50 is the range both times the USD came down crashing, showing strong horizontal resistance in this 5 year window.
What else? Extreme stretched MACD showing overbought condition only similar to March 2020 and December 2016.
And? RSI 14 on weekly chart shows the most stretched overbought condition since 2015, when DXY came down from 100 to 91 within weeks.
Now let's look at the other possibility , a clear breakout higher than the horizontal resistance.
This would be a breakout of a very long-term consolidation , which would mean the beginning of a new up-trend that could take the USD to highs only seen before 22 years ago and before than the mid 80's.
Is this probable considering the extreme overbought condition across big and short timeframes?
Is this probable considering the highest national debt in history by far?
Is this probable considering the tech bubble burst?
Is this probable considering the worst inflation in 40 years?
Is this probable considering the rate hike is already priced in?
And the list goes on and on.
Make an informed decision, don't buy expensive.
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DXYDXY was broken top of the big triangle. it can be fake breakout. There is small important channel, the price is on the middle line. I have two idea, FIRST: last top was wave D of big triangle and it was fake breakout and the price wants to complete wave E. SECOND: The price touch the bottom of channel and start again to go up to complete wave big 5.
US Dollar RetracementThe US Dollar Index (DXY), which tracks the greenback versus a bundle of its main rival currencies has ended the week bearishly confirming a reversal candlestick (Bearish Engulfing) after sliding by 1.34% throughout the week. The weekly chart shows the potential for a retracement, even within the ongoing trend, the next support lines up at 102.65 (weekly low May 19) followed by 102.35 (low May 5) and then 99.81 (weekly low April 21).
The dollar and gold have been well proven to be safe-haven support from the negative impact of the worldwide negative pressuring factors. The US dollar has also benefited from a special bid due to technology stocks. That bubble is bursting at the moment and it will draw money out of the US during the next wave of investing, which will be in value stocks.
⁉️ DXY Weekly Analysis Here I think we could see a retracement on DXY, as the price tap psychological level 105.000 and rejected from that zone. I expect the price to take sell side liquidity + PWL (previous weekly low) liquidity and to close the imbalance. Only after that I will look for long position. Until that we are looking for Shorts on USDxxx pairs and Longs on xxxUSD pairs.
DXY: 1M Chart ReviewToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period.
I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop may give the crypto and equity markets a chance to move higher for a bit.
I've been calling on the price of the DXY to go higher since November 2021:
When zooming out, the US Dollar price looks very bullish in the long-term. This is a monthly chart so please be patient with price action.
What are your opinions on this? I love reading your comments below.
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
U.S. Dollar the Bull in a field of Bears - USD longThe U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro,
Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since
then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets.
USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR.
The US will likely be able to avoid a recession and a stronger economy.
So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later.
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DXY Chart H4Here is my view for DXY on H4. 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!
