DXY Idea H1Here is my idea 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!
Dxyforecast
DXY Update.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY Idea H1Here is my view for DXY Idea 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- Can it reach 100 by year's end?After breaking above the rounded bottom neck-line in November, DXY has confirmed its long-term trend change.
The month of December is marked by consolidation in a rectangle with resistance in the 97 zone.
I expect a break to the upside soon and we can have a 3 digits Index quote by year's end.
As long as the price is above 94.50 USD is very, very bullish
Sell rallies on EurUsd, GbpUsd. AudUsd and NzdUsd can be a good idea
DXY Idea H1Here is my view for today's 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 LONGS UPDATE📉📉📉USD confirmed my bias to the pinpoint accuracy taking out stop losses below 96.000 psycho level and then quickly reverse to the upside as we are in a bullish market strucutre, we head to 97.000. Remember my words !
What do you think ? Comment below..
DXY LONGS 📉📉📉Expect bullish price action on this currency pair as price takes out liquitiy below 96.000 and closes above, we are in a bullish market structure on a HTF and should expect 97.000 to be hit soon.
What do you think? Comment below..
DXY LONGS ✅✅✅ Expect bullish price action on DXY, we close all the bullish imbalance and rejected a bearish orderblock on H1. We are in bullish market structure on a HTF analysis.
What do you think? Comment below..
USD INDEXHello. It appears to have fallen to $94.5 after breaking the $96 level. It can be the third branch of correction
DXY- FED has spoken, now what?DXY is in an uptrend in the long term, and this is clear. However, in the short term looks tired and in the need of a correction.
December rise is anemic and overlapping and this correction could happen soon.
As we see the posted chart, 97 acted as a strong ceiling and at this moment we have 2 support levels to keep in mind.
The first one is the ascending trend line and the second is the horizontal support from 75.80. Once the second support is broken we can also have a confirmation for a deeper correction and the index can drop of around 1 point to very important support at 95.50.
This drop of more than 1.5% can translate into a rise in pairs like EurUsd, GbpUsd, AudUsd and NzdUsd of 200 pips or so.
I will look to buy dips for these pairs
DXY Idea on H1Here is my view for DXY on H1. The price 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 is pressing higherAfter reaching a high of 97, DXY has started to correct and, after a few days of correction, the index has started to consolidate in a tight 0.5 points range.
Now it looks like is pressing to the resistance of this range and a break here could lead to further gains and a new local high.
My target for the index remains 100, and traders should look for opportunities to sell rallies in EurUsd, GbpUsd, AudUsd and NzdUsd.
A drop under 95.80 could mean that the index has further to correct and expose 94.50 very important support.
Overall USD is strongly bullish on medium-term and the safest way to play it is to buy it low.
The Dollar and dead presidents (Update)Here we have a chart on the DXY. Although we have had a move back up it might be short lived as the trend over time is down. Investors aren't collecting cash the yare buying assets with it. the trend is valid until it's broken. AS you can clearly see it's valid since the early 70's (50 years now) so it's long term trend.
The move down we have had since 2020 print of the multiple trillions (40% of all dollars ever printed) was minimal. For me it looks like the big move down has still yet to come especially as they are most likely printing even more.
I've also added the RSI indicator with the chart. It shows a pennant formation which eventually either breaks down or up. That is usually determined by the initial move into it.
Not financial advice.
Cash is Trash - Ray Dalio
DXY still hanging on.The dollar index is consolidating at the top of the channel. The price movements are becoming smaller and the breakout will come soon. This breakout can come to the upside or downside and we are favouring the upside. However, there is a chance that a fakeout back into the channel will come before the upmove comes.
BULL CASE
A break out of the range immediately next week and we see price hit our target of 97.5
BEAR CASE
A break down first 95.5 before the up move comes. If this happens we will need to check the price action after the fed announcements of their taper plans. The announcement may be super bullish for risk on assets.
DXY Idea on 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 Idea H1Here is my view for DXY on H1. The price should go down, 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 Chart on H4. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXYExpect to continue the correction up to 50% move before the point of contact with the uptrend line
Dollar Index AnalysisFundamentals- The dollar remains on track to close the sixth consecutive week with gains, always underpinned by the uptrend in US yields, auspicious results from US fundamentals – which in turn support the idea of a strong recovery – a pick-up of risk aversion on omicron fears and lately by the hawkish twist in Powell’s testimony after he suggested the Fed will discuss adopting a quicker tapering pace at the December meeting, all pointing to a rates lift-off at some point in mid-2022.
Technicals- DXY is still in a very strong Uptrend on all higher timeframes (Daily, Weekly & Monthly). Potential counter-trend opportunities could occur if the price breaks below (95.510), signalling start of downtrend.
Daily Support Zone - (95.510 - 95.920)
H4 Resistance Zone - (96.580 - 97.180)
U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bullish candlestick last week, again making its highest weekly closing price in over one year. The price has broken above the level at 12238 which I had identified as key resistance, although the closing price was not high enough to be very confident this resistance has been invalidated. The price is above its levels from 3 and 6 months ago, which shows that a long-term bullish trend in the greenback is present. Generally, these are bullish signs, and are supported by the risk-off market environment being at least somewhat supportive of the greenback.
The best strategy in the Forex market over the coming week will probably be to look for trades long of either the USD or the CHF or JPY.
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index (DXY) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the analysis, we are inside wave 4 and consider wave 4 as a triangle.
From this triangle, waves a , b and c are formed and now we are inside wave d .
Wave d is most likely zigzagged, and from this zigzag the structures of wave a are formed.
Wave a Waves 1 and 2 are over and it can be said that Wave 3 is at the end of its trend, which we have targeted in the analysis.
Wave 4 will probably move to the end of wave 1, in which wave 5 will start and move around 98000.
And after the completion of wave a , wave b is formed as a flat and wave c moves to the upper side of this triangle.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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DXYDear traders,
as I said on last weeks .. as I told you last week, DXY reached area 96300 from where it easily rejected!
in the next period I will look for SELL towards area 93 but at the first daily closing over 96,300 I will prepare for BUY until area 99 ... but for now it seems very unlikely
THIS WEEK... DXY still keeps the premises of forming a pattern that it has been following since May 2020!
Just like I told you, DXY is in a very difficult area and even if it can force you and reach the 97480 area ... I will look for SELL in the next period
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GREAT ATTENTION:
*This information is not a Financial Advice.
