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DXY H4 ZONE MARKINGWe have an analysis of DXY H4 zone marking According to this analysis, we have found that Dollar is a bullish move because of price is moving above the (200MA & 50 EMA) golden cross-over price also tested the trendline 2 times for more information we marked the Demand & supply zone which is mentioned in the downside Demand zone1@ 104.563 to 104.397 Demand zone2@ 103.676 to 103.492 Demand zone3@ 101.863 to 101.519 Demand zone4@ 100.962 to 100.761 Supply zone @ 105.536 to 105.738 With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
TVC:DXYLong
by Enclave_fx
2
The dollar will continue to rise, can be bought on dipsYesterday, the US Department of Commerce released data showing a sharp drop in the month-on-month rate of durable goods orders in January, indicating weakness in the US economy and raising concerns in the market about the US dollar. As a result, the US dollar index fell yesterday and returned to its original trajectory from last Thursday. As the price returns to its original trajectory, there is a high probability that the previous slow but steady upward trend will continue, as this is the inherent demand of the index. In terms of trading strategy, as long as there are no significant news affecting the market today, there is a high probability that the US dollar index will continue to rise, so opportunities can be found for buying on dips. Today's overall trend is relatively simple, just follow the trend. Please click follow and maintain your reading habits. If you agree with the views, please click the rocket to support. TVC:DXY CURRENCYCOM:US30 CURRENCYCOM:US100 OANDA:US30USD
TVC:DXYLong
by investmentMr-X
1
Is DXY going down again soon ? MaybeCould DXY be following a pattern painted over 2017-2018 ? To many extents, it could be and if so, a 3% + drop is incoming. From its over 28% rise in 2017, DXY then retraced back around 10% where it bounced off the 0.5 fib line and rose 3.9%, where it once again got rejected and dropped a further 6.7% to the 382 Fib line, where it bounced slowly and eventually ranged DXY PA has just risen 28%, Got rejected, Dropped 10% to the 0.5 fib line, and bounced and is currently approx 3.9% above that bounce - IF PA get rejected, it would once again reach the 382 line with a 6.7% drop Technically, on a Weekly chart, the MACD is turning Bullish, which points towards a rise, eventually. BUT on a Weekly chart also, we have a very overbought StochRSI, it can range and is created on shorter term timeframes Averages Lets look at lower timeframes. On a daily chart RSI is overbought, MACD approaching there, StochRSI been very overbought and ranging since End of Jan - points towards a drop incoming 4 hour MACD turning Bearish from overbought, RSI already dropping but Still above 0 - HOWEVER, on the 4 hour, the StochRSI is very oversold and turning bearish -THIS could lead to support Overall, I think PA will drop further unless some Fundiementals are brought in by the FED, IMF or any other Banking support group Only time Will tell
TVC:DXY
by Orriginal
9
DXY - Febuary Price Action Analysis on the DailyHi guys. As everyone knows DXY is inversely related with all RIsk ASsets. We've seen the major markets and crypto start consolidating and falling in price. As the Dollar rallies. This is on the Daily timeframe. Ive drawn 3 trend lines which i followed closely to make sure i take profits in my trades across the boards. First line we broke was the white trend line. Which pushed us to the next line, the red line. There was tremendous momentum seen with the size of the candles, especially the size of the one that broke out MASSIVE! We fought that for a couple days and ended up breaking through to get to the last trend line, the Orange line which coincides with our downtrend from the September highs. This indicates we may have changed trends from downtrend. Our next target is the white horizontal resistance line . Watch how DXY reacts here. ~Im in the camp that we will get rejected here in the short term when we reach.~ BUT if it consolidates around it, like price action did with the red line, it can break through. ANd come down to test support on either: 1. On yellow horizontal line 2. Or the Orange slanted line Indicator: Also if you notice the RSI, as we were breaking the white trend line, it broke above the yellow moving average with force, and created a higher high from the previous high of the RSI. This also show cased that we would move further up in price and break the red trend line. We are also getting to overbought terroritory on RSI marked by the 70 level or dashed line. And We've been above the yellow MA for some time now, eventually to come back to test it and move below it which would possibly coincide with when the broader market stops consolidating. This can also coincide with not breaking the white trend line in the shorrt term. Lets see whats up! Hope this made sense. Please comment, like and follow! Check out my other dxy ideas LINKED BELOW. Let me know what you think and where the market is headed! Thanks. Disclaimer: This is not financial advice and i am not a financial advisor. This is my opinion based on TA.
TVC:DXY
by SafofAllTrades