DXY "Dollar Index" Bank Money Heist Plan on Bullish SideHola ola 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 at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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 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.
Dxyindex
DXY Its about DXY in a high timeframe analysis. the price is currently at a critical daily level and is indicating signs of potential rejection from this level.
Considering this analysis, here are some key points to take into account:
1. **Critical Daily Level**: is significant as it may act as a strong support or resistance point for the DXY.
2. **Rejection Signal**: The signal showing a potential rejection from this level implies that there could be a shift in momentum or a reversal in the price movement.
3. **Confirmation**: It's essential to seek confirmation from other technical indicators, price action patterns, or fundamental factors to validate the potential rejection and strengthen your analysis.
4. **Risk Management**: Implementing risk management strategies, such as setting stop-loss orders, is crucial to protect against adverse price movements in case the rejection signal does not play out as anticipated.
5. **Market Monitoring**: Stay updated on economic data releases, geopolitical events, and other factors that could impact the US dollar to make well-informed trading decisions.
By considering these factors and conducting thorough analysis, you can better navigate the market dynamics surrounding the US Dollar Currency Index in high timeframes. If you need further assistance or more detailed insights, feel free to ask.
Completion of the correction of the dollar index DXY.H4 13.09.24Completion of the correction of the dollar index DXY
The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers.
From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the process
#DXY 4H On the 4-hour chart (4H) of DXY (U.S. Dollar Index), the price is currently in a downtrend, indicating a strong sell opportunity.
Sell Levels: 101.200 - 101.500
The price has reached a potential selling zone between 101.200 and 101.500, which is acting as a resistance range in the current bearish trend. This is a strategic area to consider short positions as the market may struggle to break above this level.
Target Level: 99.500
The expected downside target for this move is around 99.500, a key support area where the price might find some buying interest or consolidation after the bearish move.
Key Factors:
Downtrend: Lower highs and lower lows dominate the price action.
Resistance: The price faces strong selling pressure near 101.200-101.500.
Momentum: Indicators like RSI and moving averages suggest the trend is firmly bearish, with room to fall toward the 99.500 support.
Trading Strategy:
Entry: Look for short entries near the 101.200-101.500 range.
Target: Aim for the 99.500 level as the profit target.
Stop-loss: Consider placing a stop-loss above 101.500 to manage risk effectively.
This setup offers a favorable risk-to-reward ratio in line with the ongoing downtrend.
A retest before heading lower...DXY is around 101.17, potentially about to retest previous support as resistance around 101.2… Reclaiming this zone and closing above 101.5 could be short term bullish. A continuation of bullish momentum could lead to a retest of 102.4 around 18 Sep, tying in with Fed’s rates decision.
DXY's Trend in Question: Support Holding, But Bulls need 102In my Friday analysis, I mentioned that if the DXY drops below the support zone, defined by the recent low and the year's starting price, we could expect further downside.
Initially, following the release of the NFP data, the price did decline, but it quickly reversed after reaching the support level, forming a strong bullish reversal candle with a long tail on the chart.
While we can't confirm a trend reversal yet and USD bulls are still not in out of the woods, as long as this support holds, there is a strong possibility of a move to the upside.
For a clearer medium-term outlook, we need a break above the 102 level.
If this happens, the path to 104 should open up, and we can expect the price to rise toward that zone.
DXY (Dollar) Shorts from 101.600 back downMy outlook for the dollar is focused on scouting a bearish continuation. A 7-hour supply zone has emerged, and I'm looking for the price to enter this zone to trigger a bearish reaction, potentially creating a new leg to the downside.
If the supply zone is broken, I would then anticipate the price rallying higher into a more premium supply area. However, if the price heads down first, I expect the 9-hour demand zone to be violated, allowing for a better buying opportunity from the lower demand zone.
P.S.: Be cautious and trade with care, as PPI and CPI data are due this week. Keep an eye on Forex Factory for updates.
USD Dollar weekly key reversal bar, sign for bulish reversallast weekly bar of the Month of August is weekly key reversal bar, made a new low & closed off the high. current week price pulled back to its 0.618% & 0.70% fib level. last fib level expecting before rally up is 0.79% which is 100.68. last and extreme level may touch 100.50 as well. if price breaks & closes below the 100.50 then it can go down further. but key reversal is indication for buying now. resistance levels are 102.30 & 102.50.
DXY- Dive under 100?In my previous DXY analysis I said that, although the index reversed from the beginning of the year support, bulls should not get too excited as long as the index is under 102.30 zone.
In the next days, the index resumed its fall and now is trading back towards recent lows.
Today's NFP data could bring clarification and if the index falls below the recent lows, 99.50 is exposed.
For a bullish scenario, we need a reversal from this zone which could also be the beginning of a double-bottom pattern.
DXY "Dollar Index" Bank Money Heist Plan on Bullish SideHola ola 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 at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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 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.
$ RATE CUT IN THE AIR, WILL IT BOUNCE BEFORE THE DESCENT?The recent decline in the U.S. dollar can be attributed to several economic factors. Firstly, recent inflation data indicates that inflation in the United States is slowing down. The annual inflation rate for June 2024 was 3.0%, down from previous months. This slowdown has strengthened expectations of a less restrictive monetary policy from the Federal Reserve. Investors now anticipate a rate cut in September, possibly followed by another cut in November or December, which tends to weaken a country's currency.
Despite positive data from the Producer Price Index (PPI) for June 2024, the dollar continued to fall. The PPI showed a 0.1% year-over-year increase, with a 0.1% rise in goods and a 0.2% rise in services, both better than analysts' expectations.
The critical question now is whether the dollar will rebound before further declines. We are in a crucial zone, and a short-term rise might occur before any further drop, but much depends on Powell's speech scheduled for Monday. If the Federal Reserve Chair hints at a rate cut in September, the dollar could take another hit. Conversely, if Powell does not confirm this expectation, the dollar might benefit from the positive PPI data and rise temporarily.
Be careful!
DXY- Where to?After forming a double top above the 106 level, with the second top occurring at the beginning of July, the DXY (US Dollar Index) began to decline.
After breaking the 104 neckline of this pattern, the index tumbled to the key support level at 100.50, which coincides with the price level from the start of the year.
As expected, the price started to recover, and at the time of writing, it is trading at 101.66. Although there has been a rebound from support, it's too early to consider the trend reversed. For a confirmed reversal, the price needs to break back above the 102.50 zone.
If this happens, the price could continue upward, with a longer-term target around the 106 level and an interim resistance at 104.
Conversely, if the index fails to break above 102.50 and drops back to 100.50, there is a high probability of a further decline, with 98 as the next target.