Dxysell
DXY SHORTTo survive in the most difficult market and enjoy life
recommendations
1.- Risk Management 1-2% capital per operation
2.- Be patient
3.- Partial profit taking
We are at an ideal point to trade DXY Take its last push before its fall and thus be able to buy in the best areas, so we hope that this graph will also generate good opportunities.
As you can see in other shared ideas, I do not always win, but I am profitable due to good risk management, my profit ratio is at least 1: 3
Do not go crazy, wait for the entrance or put SELL LIMIT, be smart.
DXY (USDOLLAR INDEX) - SELL strategyThis index helps to gauge the USD direction, and will support the positioning in US dollars in general.
The INDEX is on the high side and the channel currently is 96.04 top and a bottom 93.74. The market is overbought USD and this means we will see corrective activity based on NEW MOON and RSI that is currently 74.0.
Sell USD positions in general, or this index.
Wait for the drop! DXYThe dollar index has been trending upwards from the bottom of the channel since the start of the first week of September. We are approaching the last week of September and waiting for a drop to come. This can happen next week or in the first week of October. We will try to stay out of trades in the coming and position ourselves for the big drop to come.
BEAR CASE
A fakeout to the upside near 94.00 is likely and we will wait for sell set ups even if it continues to move to the upside.
BULL CASE
We think the upside in capped on the dollar index, it is unlikely that price retest the top of the channel but if it does, we will sell heavily at near the 94.5 level.
DXY Dollar Index Losing Momentum $90.45This is your tarot chart reading per event.
DXY is the most important highlight to watch for all marketeers and traders. DXY is normally to calculate the relative between other currencies and some commodities.
1st rebound is on 7th January 2021
2nd rebound is on 1st June 2021
DXY is good performer when it comes out with stimulus projection or stimulus release.
This year 2021 pattern took some major constructive pattern.
January to March = strengthen
March to June = weaken
June to Sep = strengthen
Thus, we can expected Q4 the US dollar index will be weaken. As clearly shown that the pattern development on the current constructive pattern is losing.
The steam of strengthening losing it's momentum as the stimulus of injection dollar to the market gained less traction control.
Based on my calculation, there will be no more upscale towards the dollar projection.
Q4 is coming and the all indices will be going into depression.
Thus, I am predicting the dollar will hit the value of $90.45 starting next week course developing trend.
Zezu Zaza
2048
DXY Full Analysis And How To Trade USD Pairs In The Next DaysThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DXY Full Analysis And How To Trade USD Pairs In The Next DaysThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
It's All About The Dollar StoryThe chart you see above is the Dollar monthly chart showing the last 40 years..... As you can see, the last 3 times we got a cross of the Orange 21EMA & Blue 50EMA, we saw a drop in the dollar for 5 years, followed by another 5 years of sideways action for a total of 3650+ days. You'll also notice we have plenty of room to push further down on the RSI, MACD, and momentum indicators. I personally think history will repeat, this last dollar pushes up is temporary IMO and will continue to plunge throughout 2021 and beyond.
I've seen many say they believe the dollar will die of strength rather than weakness, but I personally do not agree with that sentiment. I've posted about the dollar a few times in the past and I've continued to hold my bearish outlook on the dollar for several years now. From a fundamental perspective, the dollar will continue to weaken as long as the FED continues to print us into oblivion. Even if we stop, we'll likely only see temporary strength IMO. Overall, the strength we've seen in Stocks, Gold, Silver, Bitcoin, and the crypto markets shows the weakness of the Dollar, and I believe this will continue throughout 2021. It's possible we see a bounce, but unless we see a large push back above the moving averages toward the 95 level we should expect further weakness from the dollar.
Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.
You can click the charts below to see my previous 2 Dollar charts from last year.
DXY READY TO FALL?Hey tradomaniacs,
looks like the market forms a fakeout ahead the FOMC-Meeting and could show us another nice drop as soon as Trendline B breaks!
Nontheless, be carefully as the market will highly await talks about inflation from jerome Powell!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
DXY very bullish after retracementHi there,
DXY heading for another leg down, I think we completed now wave 3 and we heading for wave 4 for a big retracement on the dollar, which will send eurusd to 1.21 and gold to 1800+
After we make the correction, the whole market will crash with the strong dollar,
Get ready to get in after the correction on GOLD, EURUSD, GBPUSD, NZDUSD, AUDUSD, all will drop hard
Good Luck
DXY (US-DOLLAR) testing strong Resistance-ZoneHey tradomaniacs,
even though we`ve seen very dovish statements by Jerome Powell, aswell as worse economic-data from the USA, which is currently bad for the US-DOLLAR as the market started to BET against the Feds policy the bears suffered due to a lack of controle.
The current rally seemed to be a bit exthausted as there was no retracement to give bears betters prices to follow the momentum.
We see now a re-test of a potential strong resistance-zone which should hold as long as yields stay low and stocks move up!
It is currently very tricky as the uncertainy and risk increases due to the short-squeeze-drama by WSB.
However, I will watch this level carefully and look for a short if market price rejects off this level.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
DXY- Usd against the ropes, again...In my weekend comment, I said that the USD is very probable to had found a top at 91.50 and now looks ready to resume its long term downtrend once 91 zone support is cleared.
At this point, the index is trading at 90.75 and under the confluence of horizontal and rising support of the flag.
I favor selling USD against Eur, Aud, Nzd and Gbp, and buying dips for these pairs can be a good strategy.
First support is at 90 and a break here would expose 89.20 low