Dxylongthenshort
How High Can The DXY Go Without A Correction?? SHORT then LONG?The Dollar is surging and nothing seems to be stopping it the DXY has been rallying for nearly 16 months straight without a correction. We have just taken out the 2002 September high this also being at a SUPPLY/SELL zone from 2002.
I suspect we may get a short term correction soon down towards the newly created DEMAND/BUY zone between 103.5 -100 this would be a nice area for buyers to come back in.
If the correction does happen the long term target could well be above the 117 level which is also a SUPPLY/SELL zone which sits bang on the 50% level of the overall range taken from the overall highest to lowest points you would expect strong selling here.
Giving the current moves on the dollar it could literally run straight up to the 117 area without stopping though i suspect a correction to 103 will happen I will wait for a weekly or daily close back inside 110 area and a SELL signal on my indicator to occur to confirm the correction.
If it does correct to the 103 area i will again wait for confirmation BUY signal and price action to reconfirm the move up.
DXY Last push to 109 for double topDXY Last push to 109 for double top
the EXY is making a double bottom around 99,60
bitcoin to 19200 before moving higher
let me know what you think
DXY ready to moon from here in anticipation of Fed taper?The DXY broke out of the range it was trading in since 20th Jul 2021. Whilst bullish, this break upwards may be a fake out and we should not be surprised if price falls back in within the range and subsequently retest the bottom of the range. We think the week will start bearish before finding support near the 93.1 levels at which it is crucial to wait and see the market's next move.
BEAR CASE
If price fails to break the ATH at 93.74, we think that the bull run may be cancelled and price to retest the bottom of the channel at around 92.0
BULL CASE
If the 93.1 level holds, we should see prolonged upside for the DXY as we go into the last quarter of the year.
DXY W TF Analysis 02/03/2021a falling wedge, there exist a chance of retracement up to 38% Fibonacci retracement and TP would be -61.8%,
but it is on the falling side
if not retraced and direct fall from here then -27% fib expansion can be targeted
US DOLLAR INDEX OUTLOOK FOR 2021dxy still can drop another leg in short term trades , but i don't think it will continue to much lower levels in 2021.
when the equity markets goes for correction (up %40 can be expected) , DXY can spike up over 100 again.
DXY Analisys Hi guys!
Has been closely watching price changes in the dollar index lately ...
This situation scares me very much since I do not see what can happen to the market in the near future.
Ray Dalio said that we are ending a long-term cycle and where no fund can control the market's mutation (of course, except for the federal reserve).
If we rely on a logical point of view, in fact, the dollar should fall in price, since the Fed prints money and buys up all the assets it sees. therefore, we see growth in SP and NQ.
The market is going crazy ...
After listening to other "financial gurus", they argue that even if investing in assets, you won't extract profit for a year or even more.
Talk about stagnation and in fact the growth of assets.
My opinion is to isolate ourselves from all the information that is poured into our ears and move clearly along with the trend, even if it rises or falls.
What do you think about this situation and how do you see the further development of the markets?
Hammer and DXYThe DXY formed a hammer on daily bias (marked in purple) and is turning a spinning top on 4 hourly and 2 hourly.
That means that bears are lose selling volume and at he weekly level (i marked in grap line)
To go long , it need one more time to retest the weekly level to go around 98.80 (take profit), because it forms a bullish ABCD.
Set your stoploss under the pinbar on 2 hour .
I always update my DXY analyse to know further in which direction dollar goes this week.
A fundamental sight; i think we will have positive ISM monday and because the consensus is positive, we will for sure go higher in dollar on monday.
tuesday , wednsday, thursday and friday i see a better than forecast but not the non farm payroll,because unemployment i see still going higher from the lockdown although some States were opening, it might be better.
Like and share your thoughts what you think about this analyse and the direction of the dollar.
Like and share.
Have a nice weekend and safe risk management this week
What is DXY doing and why it matters?Technical Analysis:
* Price is above 200EMA and above both 14&21EMA, and are acting as support.
* RSI is above 55, indicating good buyer strength.
* RSI has broken the downward trend line and is retesting that trend line.
Trade Idea:
To be a good and comprehensive trader, its always a good practice to check correlations of other forex pairs and indices so as to get that extra confirmation and confidence on your trade analysis. So, in this post, I will be demonstrating how the Dollar Index is expected to move in the coming weeks or even days so every trader knows what to look out for.
DXY is currently in a range bound market. As of now, we can see the 200EMA in combination with 14&21EMA are both acting as support, so with favourable price action, I am expecting one more leg up from the dollar index to the yellow trend line before reversing back down to the recent major support zone. As extra confirmation, the RSI has also broken the downward trend line and is bouncing off that trend line, indicating that buyers are most likely to gain more strength than sellers, hence will likely push the index higher in the coming days.
Overall, DXY is expected to be bullish at least for this week. So, traders who are holding major pairs such as EURUSD, GBPUSD, USDJPY, USDCAD, USDCHF, AUDUSD, NZDUSD should pay close attention to this. #tradesafe
USD/ZMK Potentiel long | Wait for breakout + retestThis has been a perfect play - out for several months. Price seems to have broken out of the prominent yearly channel with a strong impulsive wave. If the DXY closes above $100 this month, I expect the Zambian Kwacha to depreciate even further to at least K20.21 / $ 1 (CASE 1). If the U.S. dollar index closes the month below $100 however, I will expect the second scenario to play out.
DXY potential reversal!
DXY expected to rise up to 1st resistance at 97.83 where it could potentially react off and drop down to 1st support at 97.40.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY approaching support, potential for a further rise!
DXY approaching support at 96.27 where it could potentially rise further to 97.03.
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DXY Fundamental & Technical LongDXY, the dollar index is in a strong bull trend, has been for the past year and it's slowly climbing higher, there is still some more upside based on technical analysis & fundamental analysis.
Technical Analysis reasoning: The index is making higher highs higher lows, support the bullish market structure. The broken top at 97.85 held well as support on the retrace, now we are gearing up for a break above 98.35 and a retrace to that level for the continued move higher to 99.50 the year-long high.
Based on a Fibonacci retracement, we hit the 50% retrace from the July dump and popped higher, the Fib extension level or target is 99.70.
There are two scenarios that can play out here.
The first is the immediate break above 98.35 resistance, the retrace into that level and pop up to 99.50
The second is the pullback to where the move started at 97.85 and the break then retest of 98.35.
Fundamental Analysis reasoning: The Federal Reserve is pulling back on its dovish monetary policy, which means a strong US dollar until they start cutting rates again the DXY has room to the upside.
DXY potential reversal!
DXY expected to rise up to 1st resistance at 98.69 where it could potentially react off and drop down to 1st support at 97.63.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY reversed from resistance, potential drop!
DXY reversed off its resistance at 99.49 where it could potentially drop further to 99.08.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY to reverse from downside confirmation, potential drop!
DXY to reverse from its downside confirmation at 98.46 where it could potentially drop further to 98.09.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY Weekly TF AnalysisIs this a possibility?
Although I am remaining neutral, I expect a rally in the coming weeks. This is a possible outlook on the Dollar index. I would like some engagement and some opinions from the community. Please share your thoughts and chart ideas.
DXY a tell of 2 worldsWe are going long and then short. The price action indicated that DXY would fall but looking at it . It seems that was temporary , i expect a test to the 96.00 Level before actually pull back on US Dollar index .
Fundamentally:
There is no reason EURUSD would be at 1.1630 area , So US Dollar will fall
Geopolitically:
Yes there are rumours driving it .
LONG on DXY for now
DXY Dollar Strength (LONG OPPORTUNITY)We have seen dollar index breaking the channel around 61, 8 fib retracement level and further continued with more bearish movement all the way to the 92, 70 area and support holding nicely.
Slowly DXY is gaining some more bullish momentum and we expect dxy to extend it's gains all the way to around(97,00 -97,37 area) till around 38, 2 fib retracement level , where short opportunities could prevail.For now it would be a good opportunity to continue to buy the dollar.
[DXY][UPDATE] Now that the resistance is gone. Let's playHi EveryBody!,
The sun seems to be shining on the US Soil, DXY broke it's resistance so now let's profit from the USD beeing Strong for now!
Christmas is at the doors and business in good in the US during this time.
USD will keep it LONG until 2016-12-07, So Good luck
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