Dxyindex
USDCAD will go DOWN with Three Black Crows Candlestick Pattern!USDCAD again reacted to the downtrend line and failed to break this line.
Also, the USDCAD reaction led to the formation of the Three Black Crows Candlestick Pattern .
In addition, we can see between two consecutive peaks of Hidden Divergence(HD-).
I expect USDCAD to drop down to the next 🟢 support zone 🟢.
🔅U.S.Dollar/Canadian Dollar (USDCAD), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
DXY will go DOWN to the next support zoneThe DXY index managed to break the 🟢 support zone ($ 103.6-$ 103.35) 🟢 and has now completed its pullback.
Also, DXY seems to have broken the support line with a bearish marubozu candle , and this is a sign for DXY to start falling again, at least until the next 🟢 support zone ($ 102.86-$ 102.66) 🟢.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY DROP COMING? Must READ!DXY is looking great for a powerful drop after we hit our final correction to the 800ema on H4.
D1 structure is looking great, BASELINE and EMA CLOUD looking to support SHORT LONGER TERM.
====== ENTRTY ======
1) Take a SHORT on xxxUSD when DXY drops 10point when the market opens
2) Wait it out! The big move on DXY will happen when we are at 800 on H4, get a LONG on xxxUSD when that happens.
====== INVALIDATION =======
DXY fixing above PWH invalidates the SHORT positions. Watch for BREAKS at that level.
======= TARGETS =======
For xxxUSD SHORTS, exit when DXY hots 800ema.
For xxxUSD LONGS, exit all LONGS when DXY hits PmthL (Previous Month Low)
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
20 Reasons For Sell DXY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The 12-month timeframe shows a clear bearish structure with the formation of a 3rd higher low (HL), indicating a continuation of the bearish move. The overall big picture is not favorable for the dollar. Last year, there was a large wick candle with a tap of the ultimate high order block.
2:📆Monthly: Currently, there is a clear bullish trend, but there is a visible consolidation (choch) on the monthly timeframe. A high volume candle at the top is followed by an inside doji and a fall in price. The price has been consolidating for the past 5 months, but there is potential for further downside towards the recent order block around 98.00, which can be a profit booking area.
3:📅Weekly: The price has confirmed a valid high and formed an internal consolidation (choch), but the low is yet to be confirmed. Based on the bigger picture, we anticipate further downside moves until the 100 area. We should hold our sell positions until the price taps the order block area at 100. A corrective move is expected once it reaches that level.
4:🕛Daily: The daily timeframe shows a bearish structure with potential for further lows. The last low is still protected, but given the bearish trend, there is a high chance that bears can push the price towards the 100 level during the current impulsive move.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bearish
6: 2 Pattern Candle Chart: A window (gap) is present, which can act as a Continuation In Pattern (CIP). Additionally, a descending triangle is putting downward pressure on the price.
7: 3 Volume: Volume increases during bearish moves, indicating more selling pressure. Until the market gives a clear signal, it is not advisable to consider buying at any level.
8: 4 Momentum UNCONVENTIONAL Rsi: The market has lost momentum, but it is not yet strongly in favor of the bears. A strong rejection at the window area or resistance at the 60 level is needed for price confirmation.
9: 5 Volatility measure Bollinger bands: After a big volatile move, the price needs to calm down and may enter a period of consolidation or make a minor correction towards the 20-day moving average before continuing its downside move towards the target.
10: 6 Strength ADX: The ADX indicates a sideways trend at this point.
11: 7 Sentiment ROC: There is no strength in the sentiment ROC.
✔️ Entry Time Frame: H1
12: Entry TF Structure: After a strong bearish trend, there is a consolidation (choch) pattern forming. Upon closer observation, the daily window, extreme order block, and structure high coincide at the same point, making it a strong supply area or rejection point. We will place a sell order when a strong signal is formed.
13: Entry Move: The entry move must be impulsive.
14: Support Resistance Base: Daily window, extreme order block, structure high.
15: FIB: Trigger event done based on H1 timeframe.
☑️ Final comments: Open sell entries at the market opening, and if the price goes further up near the window, consider a second sell entry. A third sell entry can be placed if the market creates an internal Breakout-Sell (BOS) signal.
16: 💡Decision: Sell
17: 🚀Entry: Sell between 102.885 and 102.2
18: ✋Stop Loss: 103.175
19: 🎯Take Profit: 1st target at 100.5, 2nd target at 99.5
20: 😊Risk to Reward Ratio: 1:4
🕛 Expected Duration: 10 days
DXY: The power of the economy!Mr. Biden revived the industry to compete with China, but this intervention could put the US economy and its allies at risk, according to the WSJ.
Jake Sullivan, President Joe Biden's national security adviser, is often preoccupied with foreign threats, such as the Ukraine conflict. But in April, in a speech at the Brookings Institution, he addressed the threat from within, of the long-held view of Washington elites that "the market has always allocated capital efficiently. and perfomance".
Some in policy circles call this view neoliberalism, or free trade, which has been bipartisan for decades. But Sullivan argues, this doctrine has emptied America's industrial base, weakened the middle class and made the country more vulnerable to climate change, Covid-19 and the weaponization of its supply chains. hostile countries.
To solve it, he said that the US needs a new approach, a "modern industrial strategy". Accordingly, the government supports stronger investment in industry and commerce to strengthen the middle class and national security.
Since the 2020 election, Mr. Biden has tried to come up with a unified theory for his economic policies. And Sullivan's recent remarks on the White House's domestic and foreign goals toward China have more clearly depicted what could be called "Bidenomics," with three pillars. With that comes some blind spots and contradictions in this economic policy, according to the WSJ.
DXYThis is my analysis on the dollar index and what I anticipate to see, this setup panning out largely depends on the dollar index breaking structure bullishly or to the upside once price trades down into the daily fair value gap we have below where price currently is, should we trade down to that fair value gap and not break structure to the upside on the 1 hour time frame then expect price to continue trading lower.
DXY - Next IMPULSE LEG, what to do?DXY needs some recovery before the FINAL IMPULSE leg for the full recovery to take place. We are seeing bearish signs across the board but LONG TERM we're BULLISH Dollar!
We have TWO PLAYS here. We expect DXY to push up to the BASELINE before the drop, we have an opportunity to SHORT xxxUSD and when we do hit the BASELINE we have a potential LONG
continuation on xxxUSD.
ENTRY (Risk Entry, Good Reward) -:
1) Take a SHORT on xxxUSD market open to take advantage of DXY bounce.
2) We pullback is complete take a LONG on xxxUSD for final leg to reaction zone. (check profile for xxxUSD and USDxxx IDEAS)
INVALIDATION
IF price shoots down down 101.778 exit all xxxUSD SHORT and get ready for a DIV setup.
TARGETS
We're looking at BASELINE for LONGS and DIV on DXY as SHORT target. Use targets accordingly to validate USD exits and entries.
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
DXY gain from support area 🚀💣🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support ✔️
if
the price doesn't break the support zone to the downside, we can see more gain 💣🚀
otherwise
we can see more correction ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
DXY 240 MINS CHART TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
DXY 89,144,233 Lookback Testing 0 Value#DXY Can't get anymore cut and dry than this. Funny how indicators can be shaped into place so that they hit key events. FOMC meeting means everything today!
If the oscillators drop below 0 value, it's a bear. If price bounces off 0 value, the bulls will continue. I'm neutral here.