The Fall of Dollar is Around the Corner ... Bearish Dollar?DXY is close to a premium array (-OB)
Dollar Price is Bearish Long Term. The Open of the OB (116.457) would be ideal to expect the sell come in...
Confirmation is vital in my trading so won't just enter straight away.
I will post another idea for the sell entry.
This is just to call y'all attention to what I see on DXY.
If the sell does come in then the First Target on Monthly TF would be 88.493.
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Dxysell
DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DXY bearish divergencesThe DXY is approaching a meaningful trend change! Don't be fooled by the Fed, the USD will soon reverse course no matter how much the federal reserve wants a strong dollar, the fiat currency seems to be approaching extreme overbought territory on the weekly chart on every momentum and price oscillator I could find. Be on the lookout for risk on assets to reverse course, crypto, stocks and precious metals will benefit from imminent DXY weakness.
Dollar complete W pattern ready to SELLDollar index ready to short from 109.4 to 106.4.
Technically, Dollar create strong bearish divergence in weekly time frame.
Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price.
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This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea.
Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
DXY has is preparing to take off!!DXY has opened with a big gap in the monthly perspective. With the long-term bullish market structure, DXY is preparing to continue its uptrend. It is a high probability that DXY will test the support of this structure and will bounce off to the upside.
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DXY Downlink formationDXY Downlink formation
Tipping point with down channel seduction
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DXY-SELL++++No change in view.
I am still a believer that we will see good correction on DXY. We are very overbought, and we got a moon cycle change upcoming. The market is overextended no doubt, and it feels all markets seems more severe in its movements. Therefore, we just have to stick with the ideas and do our best.
Strategy SELL @ 103.40-104.00 and higher. profit order somewhere 101.75 for now.
DXY-SELL+++We are om the same boat with DXY. It is overbought, and reflects clearly that a reasonable correction should be underway soon.
For now, the pattern is showing topping out, and further we are overextended. The chances are that we will see a correction back to 101.25 short-term to medium-term. This will be reflected in all USD pairs in the time to come.
DXY-SELL++The market has gone more north. It does not change the view though.
The short @ 102.30-102.40 as suggested is there, and we add again @ 103.25. This is not changed, and we add again above 103.80.
Correction likely will take place back to 100.50 area. Observing all pairs vs the US dollar they all have a common overbought state, and this is build into the DXY as well of course. It is either we select a pair, or we trade this one. The difficulty is that we need most to correct, and that would move the future price of DXY.