DXY IndexPair : DXY Index
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 38.20%
Dxyindex
Dollar Index rebound DXY higher. H4 07.10.2024 Dollar Index rebound DXY higher
Last week I was expecting a reversal of the dollar index up through a rebound lower. However, decided to go higher without a rebound on a more classic accumulation breakdown pattern. Now we came to a strong resistance level 102.30 from which I expect a corrective bounce down and then continued growth to the next resistance 103.06-103.35. A pullback is possible around 101.70+-.
TVC:DXY
DXY in daily timeframe Good day traders,
Here is my analysis of the DXY index: as I expected in my previous analysis, the DXY has reversed to a bullish trend. I now expect it to reach 104. However, I recommend waiting for a full pullback before establishing a position.
The dollar index and the return of currency authorityAccording to the behavioral analysis of the dollar index chart and the upcoming elections in America, there is a possibility of choosing the party that supports the return of the dollar to power in the global arena and very strong and accurate economic policies.
In the long term, the dollar index will reach the range of 120, but for a shorter period of time, according to the chart, it will reach the goals.
Brent oil and the global recessionConsidering the events in the Middle East and the possibility of the involvement of oil-rich countries, and on the other hand, the economic policies of the United States and the growth of emerging countries in the economic field and the increase in demand from the behavioral financial point of view, oil has the potential to reach the range of $125 per barrel and after that. It has the construction of historical prices in 2025.
DXY bullishDXY will have a very interesting say in global equities in time to come. Either of the two scenarios will prevail.
Trade idea - USDZAR Long4H
Corrective approach towards entry zon.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
Bullish M pattern + Bullish Fake Out flag pattern as extra evidence.
1.5% risk.
Aiming to take full profit at Daily TP.
DXY potential movementThe description on the chart
DXY future potential pathways. Potential pullbacks and reversal points.
DXY and BTC/USDCurrently, we are observing a divergence between the U.S. Dollar Index (DXY) and Bitcoin (BTC/USD). This divergence is notable because the DXY is showing signs of strength while Bitcoin appears to be under pressure. Historically, there has been an inverse correlation between the U.S. Dollar and Bitcoin, with strength in the dollar often translating to weakness in Bitcoin and other risk assets.
DXY (Dollar Index) Technical Analysis and Day Trade Idea👀 👉 The DXY (Dollar Index) recently shifted into a bullish structure on the 4H timeframe, with price now approaching a key resistance level. This could present a potential short day trade opportunity. In this video, we analyse the DXY in detail, reviewing the trend, market structure, and price action, while exploring a possible trade setup. Disclaimer: Forex trading carries significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and does not constitute financial advice. 📉✅
DXY BUY ANALYSIS FALLING WEDGE PATTERN Here on Dxy price has form a falling wedge pattern and there is a probability of going up if line 100.906 so going for LONG is needed with target profit of 101.401 , 101.884 and 102.446 . Use money management
DXY Pair : DXY Index
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
Resistance Level
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 38.20 / 50.00
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone,
In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2.
Inside the Wave 2, we encounter ourselves inside the Wave C already.
The Wave C is about to break the 100 support area, and targeting at least 92 target.
The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A.
Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
Continued fall of the dollar index DXY. H4 30.09.2024Continued fall of the dollar index DXY
The dollar index is moving downwards without changes. There was an attempt to trade, above which it was not allowed to consolidate and eventually fell. I showed this in the last analysis and now I am aiming at the support levels around 99.20. Perhaps they will just make a false update of the low and come back, it is not known in advance, but at the moment we are trading near the visible support and so far without an upward reaction. Therefore, 99.20 is the next strongest level in recent years and it is ideal to test it before a reversal.
TVC:DXY
Dollar bulls are strong hereIt has now been exactly a month since the DXY dropped to its price at the start of the year, which also serves as a technical support level. The price has bounced back from this zone twice but has failed to break above the 102 resistance, falling back each time.
However, each time the bears attempted a decisive break downward, the bulls stepped in and pushed the price back up. Although the price did dip below the support zone on two occasions, these breaks were minor (around 0.2%) and did not qualify as significant.
Yesterday, the price once again reversed strongly from this well-established support zone. It seems as though the bulls are waiting for a catalyst to trigger a true reversal.
I anticipate that the USD will strengthen in the coming days and weeks.
A break above the 102 resistance would confirm a bottom and open the path for further gains, with 104 as the next target.
EUR/JPY Trade Setup – 4-Hour TimeframeEUR/JPY is moving along a descending trendline on the 4-hour timeframe, and the price is currently touching this trendline for the third time, forming a resistance level.
We will be looking for sell entries from this level. To get our entry, let’s scale down to the lower timeframes to identify chart patterns and candlestick confirmations.
How beautiful 😍
DXY (Dollar) Sells from 101.700For the DXY, my outlook is that the price will retrace back up to 101.700 before continuing its bearish trend with another drop. Since that point of interest (POI) is still far from the current price, I’ll be looking for a potential buy setup around the 100.800 area, which aligns with a 3-hour demand zone.
If the price respects this zone, it could generate enough momentum for the pullback. We’re already seeing a strong reaction from the 9-hour demand zone I marked last week, supporting this scenario. A further decline in the dollar will serve as a confluence for bullish moves in my other pairs.
Have a great trading week, everyone!
DXY continuation move expected**Monthly Chart**
Last month's DXY candle closed as bearish after a strong push down breaking the previous monthly range. This month's candle (which is still active) went lower and took out the low of Dec 2023. Currently, it is testing the low of July 2023 and MC (OB) area.
**Weekly Chart**
Last week, the candle closed as a bearish indecision candle after taking out the liquidity below the 26th of December 2023. DXY is currently in the demand zone and testing weekly Manipulation candles for July 2023.
**Daily Chart**
DXY overall trend is still bearish. The next target is around 99.50 which is the low of July 2023. I would like to see DXY continue its move lower to at least break the low of July 2023 before it moves higher.
DXY Pair : DXY Index
Description :
Resistance Level
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Double Bottom Pattern as an Corrective Pattern in Short Time Frame
Cycle Analysis - Dollar IndexI am SETUP to hunt long TRIGGERS in the DX this week based on the COT strategy.
So I thought I'd look, do cycles support the COT strategy looking for Longs?
It turns out, they do.
Decennial & Annual Predictable Zones (APZ's) supportive of up move to Early/Mid October
Intermarket analysis finds a striking 60.9% correlation to DX's current price action to that of the price action found in 1991. Based on the intermarket analysis, we expect a major cyclical low sometime around now.
The long term blend of the 51.5 month & 581 day cycles show a major cyclical low should be around the corner for DX.
The short term blend of the 20.6, 29.9 & 115.6 day cycle is supportive of longs until a short term cyclical high early-mid October.
Bullish Bitcoin/Crypto and Bearish DXY Analysis
In this scenario, a bearish DXY aligns with a bullish outlook for Bitcoin and the broader crypto market, which has historically shown an inverse correlation. Let's break down the analysis based on this perspective:
1. Bearish DXY Outlook
Support Breakdown Risk: The DXY is currently sitting at the strong support zone between 100-102 (blue area). However, if the U.S. Dollar Index fails to hold this support and breaks downward, the next key level of support lies around 98, as indicated by the descending yellow diagonal arrow. A breakdown below 100 could accelerate the DXY's decline, signaling a bearish trend.
Lower Highs and Potential Reversal: The overall trend shows the DXY making lower highs, and the potential move downward suggests weakening dollar strength, which is bearish for the DXY.
Timing of Key Breakdown: If the DXY does not hold this support, the next major support line, marked for Mon 07 Oct 24, could come into play, driving the index lower toward 98.
2. Bullish Bitcoin and Crypto Market
Inverse Correlation with DXY: Historically, Bitcoin and the crypto market have an inverse relationship with the DXY. When the U.S. dollar weakens (bearish DXY), capital tends to flow into risk assets like Bitcoin and other cryptocurrencies.
Accumulation at Key Levels: As the DXY enters a bearish phase, Bitcoin’s price (blue line) shows strong upward momentum, with the potential for further gains. The green arrows highlight past instances where the DXY’s decline correlated with Bitcoin's strong bullish moves. The same pattern is projected now, with the blue arrow indicating a possible strong bullish leg for Bitcoin.
Bitcoin Projection: With the DXY breaking below support and entering a bearish trend, Bitcoin could aim for new highs as investor sentiment shifts away from traditional safe-haven assets (like the U.S. dollar) and into riskier, high-reward assets such as crypto.
Crypto Market Strength: A weakening dollar typically leads to increased interest in alternative assets, such as gold, Bitcoin, and other cryptocurrencies. As inflation concerns rise and the dollar loses strength, the crypto market becomes an attractive hedge, especially for institutional investors.
3. Long-Term Projection
Bitcoin’s Upper Trendline: The chart shows a potential continuation of Bitcoin’s bullish rally if the DXY continues its decline. If Bitcoin follows historical trends, breaking through the current resistance levels, we could see significant price appreciation, pushing Bitcoin towards new highs.
Altcoins Surge: As Bitcoin leads the charge, the broader crypto market typically follows. A bearish DXY could spur interest in altcoins, DeFi, NFTs, and other crypto sectors, as capital flows into the space looking for high returns amid a weakening U.S. dollar.
Conclusion:
Bearish DXY: If the DXY fails to hold support and moves lower, the U.S. dollar’s decline will be a strong catalyst for a bullish Bitcoin and broader crypto market rally.
Bullish Crypto: This scenario points to a favorable environment for Bitcoin and altcoins, driven by weakening dollar strength and increasing interest in cryptocurrencies as an alternative asset class. Expect significant gains in Bitcoin and major crypto assets if the DXY breaks down from its current levels.
DXY "DOLLAR INDEX" Bank Money Heist Plan On Bullish SideBonjour My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist DXY "DOLLAR INDEX" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 1H timeframe
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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