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Dxysell

#DXY, Again a false warning about breaking resistance?We are in a bit complicated situation, the dollar that broke the resistance line at 98.3 came back down (the dollar was supposed to accelerate the momentum of breaking) and then again broke the resistance and again came back down, the dollar refuses to choose a clear trend and this is a confusing situation. The general trend is bullish. Although our bullish trend, in this above situation the dollar is back in the 97.4 and 98.3 range and therefore the signal will be bearish. Goal: 97.4
TVC:DXYShort
by xosignals
#DXY,End of trend?Because the pattern created on the dollar this week will be critical. As you can see in the last weekly candle, he created an inverted hammer that usually comes to announce a trend ending so it will be confirmed the upcoming candle should be red. The dollar's inability to break resistance at 98.3 for the third time is a sign of weakness. And with all that, one cannot ignore the technical signs that still point to the dollar's upward trend. Our signal is a sell with a target of 97.3 in case the dollar breaks the 98.3 then the signal is canceled!
TVC:DXYShort
by xosignals
Dollar Index Fundamental Weakness Ahead!Welcome everyone for another trading idea! Im doing my weekly analysis currently and there is one thing i see when im going trough the currency pairs: There is a lot of selling pressure on the US DOLLAR. Every other currency crossed with the dollar is getting a lot of strength right now. The Euro against the Dollar made a huge bullish candle this week and also other pairs like the AUDUSD or NZDUSD are gaining strength. Looking at these fundamentals and also the technical point of view i see the dollar in a huge correction the next weeks or maybe months. In my last dollar trading setup, which i linked below, we discussed the peak high and other technical tools for the DXY. The markets will open soon again and im wishing everyone of you guys a great trading week!
TVC:DXYShort
by darian_fx
5
DXY -- BEARISH PRICE DIVERGENCE with consolidationWARNING: BEARISH PRICE DIVERGENCE Higher Highs and higher Lows while price is consolidating and RSI & CCI are making Lower Highs and Lower lows Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout. We still expect US Dollar Strength but it seems we are starting to run out of steam again on this particular rally. Can we hold on and continue to rally ?
TVC:DXYShort
by developeralgo222
1