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Dxynextmove

DXY - price re-entering zone below psychological level of 93.00After a bullish start to the week the US Dollar Index has taken a bearish turn, with price now re-entering the region below the psychological level of 93.00. On the 4H chart we can see that although price broke and closed above the 50 EMA, it failed to do so on the 100 EMA. It is now about to enter a zone of support where price has bounced from previously, however, as the overall trend is bearish, it may mean this support does not hold after already being tested 4 times. We will be looking to see the reaction from this level before entering any USD positions. A close above 93.80 is still required before things start looking more bullish for USD.
TVC:DXY
by TheForexFellows
DXY, SHORT for the yearMy whole view for Index is short , there can be a Pullback but it wont last too long , Two zones to sell , please Note >: all the Analysis is Based on FA . All the mouves that happend in the Stock/Forex Market in the last 4 Months were fundamettaly based ,from QE to keeping Interest rates near 00 untill the end of 2020 , all this is in favor of my short position . The only thing that can break the analysis is a second wave of Covid , as we know the dollar became as a safe haven . I/you cant trade Technical is this Environment , TA is worthless for now . i cant be buying a assets if the fundamentals didnt confirm me the buying . even if it is in a Major support zone .
TVC:DXYShort
by MassineFariss
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
TVC:DXY
by JKFXTrading