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Dxyidea

DXY: A MOVE WE ALL WISH FOR.Hello guys, here's an update on DXY in 2 days timeframe. The US dollar index is currently holding long-term support ever since early 2022. In this span of 10 months, we have seen the DXY bounce back making a higher high. This allowed DXY to form a nice rising wedge pattern and now once again we come to the point where DXY will either bounce back or break down. I wish DXY could play out according to the chart because this will mean a good green rally incoming in the crypto market. A bounce, on the other hand, will show some more bearish moves and will lead the market to drop further low. I am anxiously waiting for a breakdown. Will it happen now or after one last bounce? To know the answer, we will have to wait for the next weekly candle to close. I hope this update is helpful for you all. Trade safely.
TVC:DXYShort
by Dexter_The_Trader
5
20 REASON FOR SHORT DOLLER INDEX1 Structure analysis time frame DAILY 2 target time frame :DAILY 3 Current Move : IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BEARISH 4.2 entry move : RETRACEMENT 5 Suppot resistence base : H1 ORDER BLOCK BLOCK 6 FIB: DISCOUNTES AREA 7 candle Pattern: MOMENTUM ENGULFING 8 Chart Pattern: RISING WEDGE BREAKOUT 9 Volume : DRIED 10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS 11 Volatility measure bollinger bands: POSSIABLE DIVERGENCE MOVE 12 strength ADX: BEARISH 13 Sentiment ROC: STRONG BUT ITS A DAILY CORRECTION 14 final comment : GOING DOWN FOR A FINAL TARGET 15 : decision SELL 16 Entry: 110.540 17 Stop losel: 111.090 18 Take profit: 108.260 19 Risk to reward Ratio: 1:4 Excepted Duration : 4 DAYS
ICEUS:DX1!Short
by Optimum369
The Fall of Dollar is Around the Corner ... Bearish Dollar?DXY is close to a premium array (-OB) Dollar Price is Bearish Long Term. The Open of the OB (116.457) would be ideal to expect the sell come in... Confirmation is vital in my trading so won't just enter straight away. I will post another idea for the sell entry. This is just to call y'all attention to what I see on DXY. If the sell does come in then the First Target on Monthly TF would be 88.493. Follow for more quality trade Ideas...Trade Safe ;)
TVC:DXYShort
by giwa_xx
Bullish on DXY Im expecting the dollar to reach up towards the113.00 level. I'll watch for a retracement to the 108.800 level, but if that doesn't occur ill be looking for the dollar to shoot straight up towards that 113 level over the coming weeks. Watch how usdjpy reacts bullish as the dollar continues to be bullish. Once price hits that 113 level, there should be some retracements seeing as that was a 2001 prior low before the dollar began its plunge. it's been strengthening over the past 10 years, so as of now I'm not expecting it to do anything less than that. As always good luck traders and stay focused, follow the money!
TVC:DXYLong
by CollectCap