DXY ‘SPECULATION’I believe price will settle before making a leg up to 2022 ATH then carrying on throughout next year to 116 ish. Going to be a very bleak winter the higher the dollar worse things will get.
Dxylong
DXY Showing Signs Of A Trend Reversal?Happy Friday all. DXY, printing a right angled triangle, and the ROC printing a clear triangle. If DXY continues lower below triangle support, target could be 104, and this should send cryptos and currencies higher over the weekend. Triangle could indicate a resistance breakout too however, where target would be nearer 119.
DXY remains extremely strongIn my previous DXY analysis I said that 113 should provide strong resistance and a drop from here is probable.
Although we indeed has a drop, this was short-lived and didn't reach my 110 target and reversed from the ascending trend line indicating that bulls are not done yet.
Now the price is again close to this resistance and the Morning Star candle formation combined with yesterday's Pin Bar gives us an indication of upside pressing and imminent upbreak.
Confirmation for this bullish outlook comes with a break above 113 and, considering the 400 pips base of the symmetrical triangle, the target can be around 117.
A break under recent low would put a pause in this bullish scenario.
DXY consolidation exit from Bull FlagAll the description is mentioned on the chart. Best of Luck :-)
LONG POSITIONWe have a bullish dollar index for the past year of 2022, i am waiting to see how price would react in the area,
we can potentially look for buy & sell opportunities, lets be patient and wait for price to give us some clear direction
dxy pull back a nice rejection of this level so dxy can pull back to the last bullish breakout area before continuing up
DXYPossible long on dollar. created support n tested the ob after bos. target 1,2 or 3. Trend still to the upside
Dollar Index - 4H Projection > Long SetupUS Government 10 YR Bonds prices is falling and the Yield is rising so Dollar Index will continue the uptrend.
Fundamental & Technical Support for the bullish trend
dxy crucial levelif dxy fails to break here we could see dxy push down pretty soon which makes sense because of eql lows and trend line liquidity so i beleive we are about to see a nice sweep of those lows
dxythe dollar has been real nice to use had a pull back then broke the high came back retested that bullish orderblock and starting to push towards tp1 we also had a internal break of structure so bulls have a little power the downside is i dont see a higher low just yet and new session about to start lets see what happens with dxy
BTC - Pump & Dump ?Seems like the new trend for BTC is to Pump & Dump into bullish rectangles.
- Analysis done on 4H chart.
- Behavior analysis since the formation of HH on 13 September
- For a more accurate coloration I keep a track on DXY index
- My current short term biased is to short BTC since DXY has bounced from support at 111.783
Let me know what you think?
$DXY Buy Setup.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY price predictionive been keeping an eye on the DXY religiously as of late. i have a strong feeling were aiming to hit around the 113.2 range before retracing down. perhaps not all the way back to bottom of trend, but ultimately i expect it will rise towards 120 as a target.
dxy where is the dollar going!if that low holds and we get a higher low i beleiev a nice dollar push up will happen might not last to long but this would be a pull back b4 the next leg down which would explain the gold drop nu drop au drop and indices might be next keep eye on this it will tell you the overall story of all dollar pairs
DXYGood day everyone! Don't forget to put your thumbs up and write your comment if you like the idea
Today, in addition to technical analysis of the dollar index, I would like to consider the situation with global liquidity (that is, the need for this DXY).
In order not to be distracted later, let's immediately see what is happening in our technical system. Here, the main magnet still remains in the red zone at the 117.5-118.2.
It is very difficult to calculate what structure the price will go there, but it is highly undesirable to break through the yellow trend exponent for growth.
The first bearish zone is 105.5 - 106.2.
Now let's talk about current liquidity.
1) As Bank of America reported in August, more than 15,000 US companies posted losses, the highest since the 2008 crisis.
That is, in the cycle of liquidity compression (shrinking the balance sheet and increasing the cost of money due to an increase in the interest rate), there is not enough cash, while at the same time selling off assets means fixing losses, which can negatively affect the balance sheets of financial companies and their creditors. The first of the big ones to experience this problem was Credit Suisse.
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
DXY - Update Ol, so the DXY just won't cool off, right... Well, we need to deal with it then... I think we head up toward 121.500 zone before a massive rejection takes place.
Cup and Handle anyone?DXY looking to break the lip of the cup... if it gets rejected, then definitely market goes back up
dxy where is the dollar going!dxy did a small sweep above those equal highs and created another order block just recently retested it and fell so break of this dxy higher low were going to start seeing dxy take a nice dip to that 109-110 level
Or May Be $Dxy Hasn't Topped Yet? 🤔This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
dxy is not done!!!theres equal highs here so i beleive we see a test to that orderblock which is right by a key pivot level dxy still has a bit more upside when it gets to that level ill see what it does but if bears come in we could finally see dxy make a nice move down but until then its not done yet !!!!
💵U.S.Dollar Currency💵 Index Analyze (Road Map)!!!🗺️U.S.Dollar Currency Index ( DXY ) was able to break the Important Resistance Line , and I expect that DXY will grow UP at least over Resistance Zone , and then we will see the pullback to Resistance Zone by microwave 4 of Main wave 5 .
After this happens, we will probably see the end of the Main wave 5 at my TRZ (Time Reversal Zone) and on top of the Ascending Channel .
U.S.Dollar Currency Index ( DXY ) Analyze Timeframe Monthly (Log Scale).
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