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Dxyidea

#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. Do consider hitting the like button if you like my content, Thank you. #PEACE
TVC:DXYShort
by Cryptorphic
6
Dollar DXY Pre-FOMC Short! Overview: USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD. Looking analytically at DXY on Daily, price is ranging inside a Captioned Sell-Zone. Taking Bears approach due to Captioned-zone, a rejection to the downside is expected from Captioned-ceiling (99.179 | 99.091) through 98.565 for test, and possibly further rejection to the downside. Failure to find Support at 98.294 | 98.105 zone should have DXY at Zone of interest. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
TVC:DXYShort
by legacyliked
DXY HAS CREATED ITS GRAVE!DXY has been SKYROCKETING to the upside recently and im here to show you guys why thats a bad thing for DXY! In this chart, you can see that DXY has been in this downtrend channel since 2015. I know it looks like its breaking out of it but thats not the case since it also seemed like that in 2017 and 2020. Actually, this time its even quite possible to break the downtrend channel to the DOWNSIDE! DXY has created a BEARISH DIVERGANCE ON THE MONTHLY!! As you see the, the rsi is going above 2020 while DXY was higher in 2020 than now. That is called a bearish divergance. 2 scenarios can play out at this point: either DXY gets rejected by the downtrend channel or it goes up to 103 resistance like it did 2017 and 2020 and crash then. Crypto and stocks bullseason is on the verge!! If DXY breaks the downtrend channel to the downside, it will be a very huge bullmarket!
TVC:DXYShort
by blz_legend