Dxyforecast
#DXY is giving us a hint for the upcoming move in the market.I'll keep it short and simple.
Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level.
Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market.
The index must close below the red MA for the final confirmation.
Although we are at a decisive point, the patterns are indicating a potential bearish move.
Invalidation:- Break and close above the upper resistance trendline will invalidate the chart.
Let me know what you think.
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DXYDOLLAR INDEX can come back from here or grows to touch the orang line. Orang line is the most important line and it's big triangle of biggest wave 4. I think it will have wave E and after that grows to top of the biggest channel.
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!
Dollar Index Trend AnalysisBoth RSI & Stochastic are showing hidden bearish divergence in monthly timeframe.
Stochastic maxed out in monthly and weekly is approaching max level.
RSI is strong in both monthly and weekly.
Important level to watch out for is 102.250
This level is likely to be the top as per the symmetrical wedge pattern.
Another important level which is more likely to hit is 105.410
You can see the dashed orange line proved to be an important key level in the past.
It is at the top of the parallel channel and also near 70% retracement level to add more confluence.
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 SHORTS ACTIVE 📉📉📉Expecting bearish price action on DXY on a short-term perspective as price should fill the huge bullish imbalance that was formed on friday due fundamental reasons, there is also a possibility that price will take out weekly highs liquidity and then quickly reverse to the downside.
This perspective is only on a LTF basis, from a HTF perspective DXY is very bullish.
What do you think ? Comment below..
DXY US Dollar: Fractal UpdateToday 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 1995-2002 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 to see where the top may be before a reversal. Shockingly that price range is very close to my DXY price on the February and January 2022 Idea in the related ideas below.
Currently, the DXY price may head back down to the Fibonacci Retracement level of 0.50 as shown in the chart. This is also near the 200 SMA. The price drop may give the crypto and equity markets a chance to move higher.
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
Roaring 20s is about to start as the dollar is at a 40 year peakThe monthly suggests a wyckoff distribution schematic 2: Phase C. It's about to get super wild for emerging economies and financial markets.
DXY SHORTS SHORT TERM📉📉📉📉 Expecting short-term shorts on the DXY from this area as price takes out liquidity above the 100$ institutional figure + weekly highs area. VIX should go down STOCKS should go up from a technial perspective meaning DXY has a high probabilty to go down, be mindfull that this in only SHORT-TERM ANALYSIS on the DXY as i am bullish on a mid-long term perspective
What do you think ? Comment below..
DXY Idea H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY create ab=cd pattern. So BUY Now.....
N.B-In this situation DXY chart create ab=cd pattern.
So, Market needs seems to sell correction To Support Zone.
Then market fully bullish 100.400 AND 100.850 Resistance Zone.
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DXY SHORT-TERM SHORTS 📉📉📉 Expecting bearish price action on DXY after price made the breakout from the monthly range, right now we saw a draw on liquidity above 100$ level. From a mid-long term perspective DXY aka USD is very very bullish but from a sohrt term perspective we can catch a risk counter-trend trade from this area right into bearish POI's. 99.000 final targets
What do you think ? Comment below..
DXYThe weekly price chart below shows the U.S. Dollar Index rose strongly last week, in line with the long-term bullish trend, printing a bullish candlestick that closed in the top quarter of its range. This was the highest weekly close seen since May 2020. The low of the weekly candlestick was not far from the support level at 12293. Dollar bulls will be encouraged that the nearest support level, shown in blue at 12293 within the below price chart, has continued to hold, and the price has continued to advance to new highs. However, the price is not far from a key resistance level at 12470 which may impede further progress, at least over the short term.
It will probably be wise to take trades in favor of the US Dollar in the Forex market over the coming week.
DXY LONGS 100 📉📉📉Dxy touched 100$ as i told in the previous posts, we broke the monthly range area and i think new highs are expected on DXY. Strong USD after the FOMC meeting.
What do you think ? Comment below..
DXY - Longer term! $DXY Longer term view
Here's a longer term view technicals of DXY - Very important chart especially as we head into march with expected rate hikes and we do have FOMC today - as we anticipated the action forward ..Never forget the market is forward looking as yields head higher. The bullish momentum has occurred last yr Q4. Most of the % hikes is priced in but we could still have more bullish momentum to continue.
Bullish if we stay above 50/21 EMA.
Bearish if we go below 50/21 EMA.
KEY TIP: Higher time frame is always a good indication for short term time frame movement.
Trade Safe
Disclaimer: Not Financial Advice
DXY Prediction D1Here is my view for DXY on D1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US DOLLAR INDEX - FUTURE FORECAST?The USD is the strongest of the major currencies and in doing so, the dollar index (DXY) is also making a new high for the year. The index trades at the highest level since June 2020.
Price Action:
DXY has been in bullish trend and trading in bullish parallel channel (as shown in chart). This channel has been very reactive in the past. Currently price is standing at the top of the channel near psychological mark of 100.
It has printed bearish divergence on RSI and considers as strongest due to the current standing of price action.
While bears put 2 strong points on the table of divergence and channel top. Bulls counter with a breakout of month long consolidation.
We remain watchful of the price action and trade it with the price action.
What do you think? Who will win this battle?
DXY Bullish H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
