Dxylong
US DOLLAR STILL BULLISHComparing the graph of the dollar with the euro and the pound, I noticed that the recent war between Russia and Ukraine led to the depreciation of the euro against the dollar. Also, with the start of the winter season and the increase in the price of gas in Europe by Russia, there is a possibility that the euro will fall further against the dollar. However, I guess the dollar will still be the safest asset against inflation in the second half of the year.
tank you for attention bro...
NFA!
DXY on supportDXY is on huge support and heavy to goes down.
On my view, DXY can support again and growth frome this level.
Bullish trend line, Fibo ret .786%, Fibo ext 200% and zigzag 100% are cluster at this level and will push price higher again.
Stop loss is under trend line and any breakdown will fail this entry.
Trade safe guys.
Good luck.
Nothing but PIP$ and Opportunity on EURUSD!The MZ gave us roughly 43 Pip$.
EURUSD has been Maxing out the full 101 PIP ADR Range thus we expect nothing less than that from this pair today.
It has already Kissed our 1st TZ in the MZ. EURUSD is poised to Hit all of our TZ's today. In confluence with the DXY still going south to finish a retracement to a Macro PP Level.
After the DXY finishes that retracement I expect the DXY to go further south. Thus all Long Set ups look very High Probability today as of Tuesday August 2, 2022 at 1:45 am EST.
As of 1:59am ESt price is Liquidating Longs and shorts preparing for the Real move North.
At 2am look for a drop into the extremes than the Move North afterwards.
The DXy has broke North!
Proceed accordingly.
Never Over Leverage.
Trust your trade set up.
Have Fun!
I Am Pro Trading Made Simple.
WE ARE #SniperGang
DXY FORCASTDXY (Dollar Index) in the daily time, we see that we are in the correction stage in the upward trend that we observe, and it seems that we are at the end of this price correction. Therefore, when we enter the one-hour time frame to enter the transaction, we see that the correction has been made up to the 61.8 Fibonacci number. Therefore, it is a reconfirmation that the price will move from here for the next upward impulse. If the number 106 is broken upwards, then we can more easily enter the long position. In the first part of this transaction, it can move up to the number 106.920, and there is a possibility that it can be reached up to the number 107.750. Therefore, the intrinsic value of the dollar will grow more than the previous week. TVC:DXY
DXY Downlink formationDXY Downlink formation
Tipping point with down channel seduction
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DXY signalDXY is going to test the support and head for another peak upwards. It is always good to pay attention to the index as it can improve our forex trades. If everything goes as planned we can look for GBPUSD short as it is in an area of value and with the DXY and fundamentals on our side, it will be a high probability of TP trade.
Dxy BullsDue to DXY reaching a strong zone of resistive pressure it has to gather enough power to break High's as we are on a Bullish trend
Dollar strength is assured as FED hicked the US Reserves Bank by 75 basis Points(2-3%),making the dollar more expensive to buy. This will have a Ripple effect that will interest US Consumer spending but impact companies that rely on international trade to profit
Candlestick Rejections have been showing inadicuate strength for sells
DXY reaching 36 years and 8 months old Resistance!!!I do not post traditional market stocks nor do I trade but I found this one somewhat interesting.
DXY will soon be reaching its 36 years and 8 months old resistance.
Reaching the resistance it has been forming since Nov 1985 (according to the data provided on tradingview)
It will be interesting to watch the coming months as the US economy is facing tough situations here.
Fall in GDP in two successive quarters.
What do you think?
How will it affect the stocks in the coming years?
I would love to know your views.
Let me know if you want me to look into some stocks.
Do hit the like button, it helps!
Stay safe
#PEACE
DXY BUYFundamental:
Overall I have a bullish bias for the DXY (USD), given the current recession, it being the federal reserve and the feds current hawkish. Inaddition this week news on the US interest rate will be released, forecasted to increase by 0.75 making the total interest rate at a massive 2.5%. Increasing the interest rate is often used a strategy to reduce inflation.
Technical analysis:
The white light represents the 50% retracement line, pirce has bounced between the 38 and 50% RL- Healthy pull back
The greens lines show the bullish divergence on the rsi, where the price is making lower lows whilst the rsi is making higher lows. The current upsike on the chart has a HIGHER rsi reading then previous prices at similar or higher levels, showing bulls are increasing.
The red box represents a resistance zone in which price was unable to breakthrough, if price manages to breakthrough the resistance zone and THEN find support above the resistance zone then a bullish trend (or bullish thesis) can be confirmed.
Trades:
The pairs I may trade against the dollar: GBPUSD, EURUSD, USDZAR
Pairs I may be trade because of dollar bullishness: EURCAD, EURNZD, EURGBP
DXY resumes bullish trendTVC:DXY
25 July 2022
Trade Plan
Instrument: DXY
Timeframe: H4
Description
It appears that DXY has completed a 38.2% retrace of the bullish impulse move. Apparently it's due for yet another bullish push to 110.256-110.699 area.
Based on updated analysis, our projected Bullish Cypher pattern will be invalidated. However, we attained profit objective 1, and we can safely close TP2 and TP3 trades or just move Stop loss at BE,
Nonetheless, price appeared to have resumed Bullish trend with high probability of developing New High as projected.
Let's see how it plays out
DISCLAIMER
Charts are EDUCATIONAL, not INVESTMENT recommendation
DXY can growth a little ...DXY is on support now after last week correction and has chance to goes high again.
The upper line of broken wedge is supported price and will push it to high again.
Fed decision will be very important and huge move will happen after press conference. But, until that time, I think bet bullish move is more logical .
Trade safe guys.
Good luck.
DXY to $110USD dominance will likely continue through the remainder of July. In the 1 week time frame, the red and blue lines of the Phoenix Ascending (PA) indicator are rising as is the momentum (Energy, grey shaded area). Given the levels of the blue and red lines, we will likely see the DSX push up to around $110, which is between the upper aqua and upper red Bad Ass Bollinger Band (BA BB). The fixed range volume indicator (FRVI) suggests an ease of upward movement for prices greater than $105.
Not financial advice.
DXY - PARABOLIC MOVES ARE NOT SUSTAINABLEDXY - PARABOLIC MOVES ARE NOT SUSTAINABLE
DXY has once again move upside very sharply. This time it has created another bearish divergence after parabolic moves. Remember parabolic moves are not sustainable.
We are expecting it will come down to 103 level before any further upside to test its breakout region.
What do you think of the idea?
DXY has chance to goes high again...After breaking broadening top channel, DXY is correcting about .386% fibo of his breakout and it has chance to goes high again.
On my view, no more momentum to break last high at all, but has chance to goes high a little.
Range will be more possible for this week and next week.
Be careful guys.
Trade safe.