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Dxylong

7 Dimension analysis for DXY 7 Dimension analysis 🟢 Analysis time frame: Daily 1: Price Structure: The market is currently exhibiting a bearish price structure with a corrective move. An inducement has already taken place, and the first order block (OB) is formed along with a gap and window area. There is also a supply area at the window. 2: Pattern: Various chart patterns are observed: Trend lines acting as perfect resistance. A rising wedge pattern with a downside breakout move already completed, leading to the start of a correction. A flag pattern formation. A double bottom breakout with heavy volume. A CIP (Change in polarity) expected at the gap. Candle patterns are as follows: Doji candle at the bottom, indicating a potential reversal. A record low session count of just 4 bullish candles, further supporting the reversal expectation. 3: Volume: Good volume is observed at the bottom, supporting the potential for a reversal. 4: Momentum UNCONVENTIONAL Rsi: The Unconventional RSI is currently in the bearish zone but showing correction momentum. 5: Volatility measure Bollinger bands: Volatility recently finished walking on the band, and the move is now resisting at the mid band, indicating a significant resistance area. 6: Strength ADX: Bears are currently in strength according to the ADX indicator. 7: Sentiment ROC: The market is in a corrective phase, and the USD is strong during this correction. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Entry Move: Impulsive ✔ Support Resistance Base: Swing Order Block (OB) support ➕ FIB: Waiting for confirmation Trend Line: Waiting for a breakout when the price touches the support level. ☑️ Final comments: Consider buying at the dip. 💡 Decision: Wait until price takes liquidity from the bottom. 🚀 Entry: 100.57 ✋ Stop Loss: 100.425 🎯 Take Profit: 101.270 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 2 days.
ICEUS:DX1!Long
by Optimum369
U.S.Dollar Currency (DXY) 💵Dollar Forecast Loaded with Volatility Potential but Can It Find a Trend? The Dollar has put in for a significant retreat these past few months, but recent bearish progress has come at a much more reserved tempo Event risk ahead is dense and may overlap in terms of market-moving potential, particularly between Tuesday’s CPI and Wednesday’s FOMC decision Market liquidity and seasonal influence will be a critical consideration of trade in the week ahead with the subsequent final two weeks likely to see a significant drain in market depth From the DXY Dollar Index’s multi-decade peak set back on September 28th, the Greenback has undergone significant retracement. Then again, the tempo of that slide has been much choppier after the charged reaction of the October CPI release (back on November 10th) wore off. To better determine the potential of the world’s largest currency moving forward, it is critical to assess what is the most important motivation for capital flows into and out of the US going forward. On the one hand, I keep a steady focus on the Dollar’s safe haven status, but this more of an ‘absolute’ sentiment role. While the S&P 500 and DXY have experienced an inverse correlation the past six months, the 20-day rolling correlation at present is only -0.38 (inverted but of modest strength). The complication is that the US currency also has a yield advantage – that is heavily speculated upon – and the expectation for significant risk trends is uneven at best. While the week ahead promises/threatens serious volatility potential, the serial nature of its listing will likely work against gaining clear momentum behind a theme and thereby price. That said, expectations for an overloaded docket and seasonal drain will meet a backdrop of high, realized volatility (see the 4-week ATR below). The saying ‘this time is different’ is echoed through the markets for a reason. While the consideration of the Dollar’s safe haven status is something to always keep in mind, the need for an extreme reading to activate its influence should keep us focused on monetary policy first and recession concerns second. The US benchmark rate is just a quarter percent off the leaders – the Bank of Canada and Reserve Bank of New Zealand – heading into the new week of trade. With the Wednesday FOMC rate decision, it is likely that the US central bank regains its top rank. Economists are forecasting a 50 basis point rate hike that would lift the benchmark to 4.50 percent with Fed Fund futures placing the probability of a half percent increase at 77 percent (the balance calling for a fifth consecutive 75bp move). While 50bp is still a large move, it is a slowdown from the incredible tempo these past six months. What markets will truly focus on the implications for how far – and how fast – the Fed will move in 2023. The so-called ‘terminal rate’ is seen at 5.00 – 5.25 percent reached by May. This will shift a lot of the focus on the Summary of Economic Projections (SEP) which will include official interest rate expectations for the entire year. And, while the markets are pricing in expected rate cuts through the year, the FOMC members have been adamant that they expected to hold the rate after hitting peak. When looking at the DXY Dollar Index’s chart, the structure looks choppy without much in the way of clear technical guidance – that is likely because it is a composite of major crosses where there is far more trade that would establish the components technical backdrop. For fundamental insight, there isn’t a better representation of the Dollar than EURUSD itself. Beyond its position as the world’s most liquid currency cross, the monetary policy and economic considerations between the two draws lots of contrast. The Fed is set to moderate its pace of hikes to coast to a peak sometime around mid-2023 while the follow through of the ECB’s course is up in the air (the group is not particularly renowned for its messaging). Considering the European Central Bank is also on deck for updating on rates Thursday, EURUSD will see a back-to-back monetary policy update Wednesday to Thursday. That may act to amplify or cool any market movement here depending on the outcome, but rate expectations have been aligning more distinctly to the FX pair when using the EU to US 2-year yield differential as the proxy.
TVC:DXYShort
by moonypto
2
Time to temporarily increase DXY Index (4-hour time frame⏰)DXY is moving in a 🟢 heavy support zone($99.80-$99.44) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡. In terms of Elliott wave theory, I expect the end of wave 3 to be complete at the PRZ, so we should look for bullish reversal patterns. As a result, one of the patterns you can see in the 4-hour time frame is the Bullish Engulfing Candlestick Pattern . 🔔I expect the DXY to have a temporary uptrend to the 🔴resistance zone($101.30-$100.82)🔴 in the coming days. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 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 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.
TVC:DXYLong
by pejman_zwin
17
The SPX is a DXY storyAccording to the DXY chart, it seems that the DXY bubble has already burst. Although cash is currently being touted as King, if you've been holding cash since September 22, your money has actually lost value while the stock market has been rising. If this chart had been that of the SPX, short sellers would agree that it looks like a bubble that has burst and is now heading back to reality. I expect a pull back in stocks and crypto which would mean a bounce in the DXY but it would be a dead cat bounce for the DXY. This is not a financial advice.
TVC:DXYShort
by BlackisKing
3
Bullish Pattern for DXYDXY ranging in a bullish flag pattern. DXY will enter to bull cycle if it moves to upper levels. DXY needs to close 50MA in daily line and it should be established above 50, 200 MA. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
TVC:DXYLong
by rukshan2102
DXY index Road Map🗺️!!!(4-hour time frame⏰)DXY index managed to break the 🟢 support zone($102.24-$101.91) 🟢 and support line during the last day. Based on the theory of Elliott waves, the DXY indicator is completing a corrective Zigzag structure(ABC/5-3-5) . 🔔I expect the main wave C to finish at the 🟢 heavy support zone($101.30-$100.82) 🟢. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 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 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.
TVC:DXYShort
by pejman_zwin
17
DXY chart analysis. I am going to long.Hello everyone! I want share my idea about DXY. I shared my idea about USD where I said we trend change moves, this trend started with divergence and going up well, Friday closed with strong downtrend and stopped at trendline which gave us good opportunity for open long position and one good HL. Trendline touch, Fibonacci LVL and trend moving gave us good entry point for long, here is me 2 scene of my price prediction. My position open is long! 1 Bullish scene - price continue moving up, brake strong resistance at 103.400 then retest it and go to weekly resistance. 2 Bearish scene - Price will brake trendline and support then make retest at 102.750 and continue moving down for retest weekly strong support at 101.100. Be Patient!!!!
TVC:DXYLong
by elmakacho