EXPECT STRENGTH IN DOLLAR PAIRSI spotted a bullish flag chart pattern and a fake out on Dollar index. once dollar index is bullish expect other dollar pairs to gain strength, like: EURUSD, AUDUSD, GBPUSD, XAUUSD, USDJPY, NZDUSD etc.. currently I'm short in EURUSD and USDJPY I'm in long position. Please becareful, reduce your position percentage when trading correlated pairs.
Dxylong
DXY Potential for Bullish Rise to recent swing high Looking at the H4 chart, my overall bias for DXY is bullish, as the current price is above the Ichimoku Cloud. Looking for a pullback buy entry at 103.775 where the overlap support and 61.8% Fibonacci line are, and the stop loss is at 103.189 where
50% Fibonacci line is.
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DXY Chart Analysis....
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart create Bullish Flag Pattern's breakout @104.360.
resistance level, then market Buy UP to 105:000; @ 105.500 and 106:000 resistance level.
Then market need seems sell correction to nearest Support 105.500 level.
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
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DXY Pre-market Analysis Daily TFBased on my analysis, DXY broke out of its previous descending bearish channel last week, and I'm currently anticipating a sustained bullish trend in the coming days or weeks. I have identified specific price levels as potential targets, which are shown on the chart.
However, if the market retraces back into the bearish channel, this could potentially invalidate my bullish outlook, and I would need to reassess the market's direction.
What's your oipinion on this? like and comment below
End Of The Dollars Plummet?What you see here is a larger time frame analysis of the overall price action of DXY(dollar). Price has moved away from previous major resistance and is now showing bullish price action and is now showing resistance at a price area that previously caused a strong sell of (supply). Price will consolidate here before choosing a direction which I believe will be to the upside. Wait for break of yesterdays manipulated high for entry with stop below the red supply line.
GOLD SHORT TERM INTRADAY IDEAIntraday Analysis - ( 14 FEB 2023 )
Price setting up for CPI data today with many choppy price action and no smooth upside or downside moves. However on the higher timeframe we can see lower lows printed respecting the bearish structure.
Personally am looking at cpi to continue being high with a strong labour data as reflected on NFP day. Potential liquidity grabs to the upside whereby i am eyeing 1876 and 1865 regions for shorts. Would be best if there is straight melts ofcourse. However this is in the event inflation still prints high.
HRHR SELLS 1883
MRMR SELLS 1876 / 1865
SAFEST SELLS below 1850
Will be looking at 1820 if cpi data prints with dollar domination and weakness in risk assets
If CPI data prints low, showing signs of improvements, i would be looking at longs only above 1883 cancelling out the entire downside move.
Either ways stay adaptive to the markets and safest is enjoy a glass of wine with your girl and stay away from the charts.
HAPPY VALENTINES DAY
DXY is set for a rise!Currency Pair : DXY
Possible direction : Bullish
Technical Analysis : After market opening DXY has broken out the resistance with strong liquidity grab from the strong support zone. it is highly likely price will continue to rise as long term trend is bullish and we have seen multiple liquidity grab along the way
Possible trade recommendation : Bullish as per chart sketch
Press like button if you enjoy.
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Dollar Index Chart Analysis....
In this situation DXY chart create Bullish Flag Pattern.So,If breakout @103.777
resistance level, then market Buy UP to 103:999 ; @ 104.720 and 105:600 resistance level.
Then market need seems sell correction to nearest Support 104.950 level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY BullishDollar is looking incredibly bullish.
This rhymes with my overall short outlook. Stocks look weak, commodities look weak, oil looks weak, cryptos are on the verge of total disaster. All very interesting (assuming it continues and heads deeper) considering where we are in the world. As far as the effect on the market - be careful, because if you fomo-ed long into stocks last week, a spike in the dollar is probably going to sting.
Kinda nauseating. Anyway I think this is a good place to maybe expect DXY to spike higher. We will monitor!
God bless!
US Dollar Index - Looking To Buy Pullbacks In The Short TermD1 - Price respected a strong support zone and is bouncing higher.
Bullish divergence.
H4 - Bullish divergence.
Higher highs.
Downtrend line breakout.
Until the strong support zone holds I expect the price to move higher further after pullbacks.