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Dxyforecast

DXY-U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a large bearish candlestick last week, establishing new lower resistance levels at 12215 and 12257 (the latter looking more reliable). This represents a bearish retracement following last week’s highest weekly close seen in 18 months. The price is also potentially supported by the support level at 12174. If the support level at 12174 continues to hold, the long-term bullish trend will be likely to resume. Overall, it seems clear we have a very bullish picture in the USD over the long and medium terms, so it will probably be wise to trade in the direction of long USD over the coming week, at least in the Forex market. In other markets, it is likely that the USD will not be a key driver of price movements.
TVC:DXYLong
by SmoothJB
2
_DXY forecast in new upcoming weekhello everyone, I hope you had enjoyed the weekend as we know last week the Us dollar lose interest in the market and broke support at 95.58. now in the 4H time frame, the market has to test that old support (new resistance) around that level, we have an inside bar and we have to wait for it to break down and then we have a 60% chance to rich to lower support as 95.14 and next 94.79 and I will be glad to share your opinion with me. have a nice trading week and trade consciously.
ICEUS:DXYShort
by KELPY
DXY- Is this a double top?After reversing from the very strong confluence support at 94.50, DXY made a new high above 97. However, what should have led to continuation proved to be a false break and we have an Evening Start candle formation which marks strong resistance. Yesterday the index also has broken down under the ascending trend liner and now is facing support on what can very well be the neck-line of a double top. A break under this support would give us confirmation for the pattern and could lead to further losses towards 92 support.
CAPITALCOM:DXYShort
by Mihai_Iacob
7
DXY (US-DOLLAR) testing a potential reversal-zoneHey tradomaniacs, What a wild ride today in the market.. I can just shake my head as we`ve seen a complete whipsaw with the US-Session.🙈 Yep.. its monday and the last day of the month which is often shaky, especially now ahead all these events. Looking at DXY (US-DOLLAR-INDEX) we can clearly see a re-test of a strong support-zone which is getting tested right now. The S/H/S-Breakout got faked during the london-session, which was for me a great evidence for a long. After that we`ve seen a fakeout above the secondary trendline of the head and second shoulder and so a break down with risk-on in equities.
CAPITALCOM:DXYLong
by Trading2ez
DXY- Up we broke, 100 is in cardsIf you follow my ideas, you know that I'm bullish USD for quite some time, and the market didn't disappoint me so far. Looking at DXY, we can see that after the drop from 2 weeks ago, USD has found strong bids exactly in the confluent support given by the trend line and the horizontal one, and a strong V shape recovery followed. Now we also have an up break of the old resistance and consolidation and the index looks determined to reach 100 psychological figure. The strategy for USD pairs should be to sell rallies for EurUsd, GbpUsd, AudUsd, and NzdUsd
CAPITALCOM:DXYLong
by Mihai_Iacob
7
DXY US Dollar Currency Index: 1M ChartToday I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern. If the DXY breaks out of the descending parallel channel, we can see the price go up significantly as shown by the Fibonacci Extension (Trend-Based Fib Extension). If the price gets rejected at the channel top, the price can go back down to as low as $60-65, which will create a triple bottom (generally bullish pattern). This is a multi-year chart so don't expect everything to move quickly. When zooming out, the US Dollar price looks very bullish in the long-term. 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
TVC:DXY
by MillionaireEconomics
4