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Dxyprediction

#DXYCurrently, we are in the process of completing a correction space, there are three areas: 1-103.037 2-102,863 3-102.719 It was based on a combination of percentages of fibrizing waves with pivot points. The range of 102.719 is located in the vicinity of the static support range of 102.634 and provides suitable conditions for the upward trend. In case of failure of 102.634 support, we can finally estimate the completion of an ABCD pattern according to the current conditions. (There is no certainty that all targets will be touched.)
TVC:DXY
by maryammh
1
Plan A or Plan B on this index?Hello, my dear friends and fellow traders. What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up. So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up. However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system. Till then wishing you a good luck on this strategy. See you in my next post. It is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. CAPITALCOM:DXY Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
CAPITALCOM:DXYLong
by AlphaTradingStation
DXY: UNDER THE RISING WEDGE.Hello traders, I hope you all are doing good. Here's an update on DXY (the US Dollar Currency Index). I hope this idea will be helpful for you all. Time frame: 1 Day. Update: The US Dollars Index has been outperforming for a pretty long time. As you can see in the chart, a beautiful rising wedge pattern has been respectfully followed throughout the year. Till now, this pattern has not been broken down but we can clearly see that the DXY is under the rejection zone. It has been continuously falling down for the last 6 days and according to the analysis, it must reach down to the lower support level at 108 for a proper pattern. The interesting thing to notice will be whether DXY will hold the support or will it break down below the lower trendline. Well, time will tell that part of the story and for now we better focus on the red candles forming on DXY. If DXY shows rejection till the lower trendline, we can expect the market to show some greens but we better be careful and take our trades wisely. I am signing off for now. Trade safely until we meet again. Thank you for all your support.
TVC:DXY
by Dexter_The_Trader
2
Bullish on DXY Im expecting the dollar to reach up towards the113.00 level. I'll watch for a retracement to the 108.800 level, but if that doesn't occur ill be looking for the dollar to shoot straight up towards that 113 level over the coming weeks. Watch how usdjpy reacts bullish as the dollar continues to be bullish. Once price hits that 113 level, there should be some retracements seeing as that was a 2001 prior low before the dollar began its plunge. it's been strengthening over the past 10 years, so as of now I'm not expecting it to do anything less than that. As always good luck traders and stay focused, follow the money!
TVC:DXYLong
by CollectCap
DXY - 240 MINS CHART TIMEFRAMEThe Structures looking bearish, waiting for the this to correct and then give us these opportunities. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate get into only big bullish or bearish moves. Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments respectful. Thanks for your support....
TVC:DXYShort
by Tradelikemee
DXY: 1M Chart ReviewToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop may give the crypto and equity markets a chance to move higher for a bit. I've been calling on the price of the DXY to go higher since November 2021: When zooming out, the US Dollar price looks very bullish in the long-term. This is a monthly chart so please be patient with price action. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
TVC:DXY
by MillionaireEconomics
4
DXY - Prediction & Correlation with BTCHey everyone. I hope everyone is doing well. I have A VERY VALUEABLE chart here which contains some valuable information for predicting where INDEX:BTCUSD will be heading. Also note that altcoins move in tandem with BTC especially when it makes a big move! If you're new to BTC or are otherwise unaware, BTC has had a strong correlation with the DXY over its history. Whichever way the DXY is moving, BTC is USUALLY moving the opposite direction. If you go back and look at the start of BTC's previous 2-3 bull runs, you will notice that they start at around the same time the DXY is topping out. With that said, It's important to note that the DXY is currently at a resistance level which you can see on the chart. This will be the 3rd attempt at this resistance level which is significant because when learning technical-analysis, you learn that the 3rd attempt is usually a MAKE-OR-BREAK type of situation. Either you break through resistance and turn it into support, OR you get rejected a 3rd time which usually leads to the current SUPPORT level breaking under it as well. These are MONTHLY candles. Notice how the previous 2 rejections at this resistance show decent sized "wicks" at the top where they were rejected. Candle "wicks" are usually a good sign of a trend reversal coming, especially when there are multiple wicks at the same resistance/support levels. There are just over 4 days left in this month so if the DXY is to get rejected here (VERY UNLIKELY), it needs to start dropping fast. I don't think that is going to happen this time as the DXY still appears to be strong on the smaller timeframes. However, IF the DXY does somehow get rejected here, It's very likely that BTC will bounce and see a major trend reversal. Like I said, I think that scenario is highly unlikely and the most likely outcome is DXY continues UPWARDS, and BTC continues DOWN. I've included a couple indicators which support the IDEA. The RSI indicator is showing a higher-high, where the price action is showing slightly lower-highs. This usually is a sign of strength compared to the previous rejections indicated by the yellow circles on the chart. It is a good indicator that the DXY has more strength now than previous attempts, and will likely BREAK ABOVE resistance and continue UPWARDS! I've also included the MACD, which I often like to use along with the RSI. At the previous 2 rejections, the MACD indicator had crossed down and was looking very weak. The MACD is in a MUCH BETTER position now and is actually looking VERY STRONG. Both of these indicators suggest that the DXY has more strength than it did at previous times at this level. This supports my idea that the DXY will continue upwards and also supports my previous charts showing BTC will likely continue downwards. Notice I drew a line which is just speculation showing a possible path that I think is likely for the DXY going upwards. The line shows the DXY eventually getting rejected at a major resistance level from 2000-2001. What's important here is if the DXY does continue upwards to the 2000-2001 resistance level, It will likely be around the same time as the next BTC halving event which is in MARCH 2024. THIS MAKES PERFECT SENSE as that's around the same time I expect BTC to start another MAJOR BULL RUN to 100K+. HISTORICALLY, over the past decade, EVERY BTC BULL RUN started right after the BTC halving event. The next BTC halving event is MARCH 02, 2024. For those who do not know, A BTC halving event happens approximately every 4 years. The halving events specifically reduce the amount of BTC that BTC MINERS earn by 50% from that point forward. So, over time, It becomes harder and harder to earn BTC and BTC becomes much more scarce. Eventually (in year 2140) the last BTC will be mined and no more BTC will ever be created again. This is what gives BTC value, makes it deflationary, and also the reason we always see a bull run after the halving events. Well, I feel I've rambled on and on enough now. Hopefully this information helped some of you. If you guys like this idea please Like , follow, and share! I appreciate it A LOT as I always put a LOT of time into these ideas, especially the ones I post to TradingView. Also feel free to comment and leave me your thoughts. Thanks again
TVC:DXYLong
by Mboersma0324
3