Dxysetup
DXY New Analysis This 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
US DOLLAR INDEX OUTLOOK FOR 2021dxy still can drop another leg in short term trades , but i don't think it will continue to much lower levels in 2021.
when the equity markets goes for correction (up %40 can be expected) , DXY can spike up over 100 again.
Dxy Waiting for either a breakout or a rejection.
The dollar may get stronger coz Pfizer vaccine news can work as a catalyst.
Has Us dollar(dxy) strength Resumed?We are currently analyzing a possible inverted head and shoulder which shows a reversal chart pattern that the previous downtrend might has ended and the the former uptrend may resume.
We expect a retracement to the neckline and a candlestick confirmation to trigger the buy order. Target is as shown on the chart and the ideal stop loss should be set below the right shoulder.
DXY- more and more bullishTwo days ago I said that Dollar Index is bullish in my opinion and the recent drop is just a correction before a new leg up.
The marked has confirmed this outlook and now the index is above short-term support.
Sell rallies on EurUsd, AudUsd, NzdUsd and GbpUsd is my strategy for next week
DXY 200 points run has completed 92.75 to 94.75DXY
After the 200 point run from 92.75 to 94.75 its gave back some of the earlier gains. And reached 94.16 today. And reached the downside trend line which is drawn from September 09 low 92.70
We have observed that DXY tend to move from 92.75 93.75 94.75 levels in upcoming days will update about the market reaction from this levels
After reaching the 50% Fibonacci retracement level its started to slowing down. I think today bearish run is a short term correction. If the trend line got broken then the downside target would be 94.00 comes around 61.8% Fibonacci level and key psychological level. 94.00 is acted as resistance for DXY Since July 28 and the level is broken on 22 September and stayed above this level
If the DXY is remain well above 94.00 means the bull is still have a major control here. Negative risk sentiment causes USD,JPY to rise thus DXY got some major boost and in recent days the equity markets around the world seen some kind of September selloff. The investors remain worrying about second wave of COVID-19 infections and the Possibilities of No deal BREXIT and the upcoming United states of America presidential election
Today weak momentum in USD is caused by the relative strength of GBP and CAD though its contributed meager amount in basket of currencies against greenback. Today XTIUSD also got some major bid as tits traded well above the 40.00 level. And the equities are starting the week with solid gains thus its makes the USD less attractive
Currently DXY is trading below the 50 Exponential moving average and above 100,200 EMA
On Elliot wave theory The minor waves are completed from 92.75 to 94.75 and currently its forming a minor ABC correction waves. After the completion of c wave we can expect another 1-5 wave formation
DXY has reached the lower region of the Bollinger bands and we can expect minor rebound from this level. If the price got some major rejection around 94.60 then it will form a clear Head and shoulder pattern and selloff will happen
RSI has reached oversold area and showing some signs of rebound towards 50
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US DOLLAR INDEX (DXY) - BULLISHQuite an interesting setup on DXY, the chart shows a complete triangle formation which may be a running triangle (with a declining top and rising bottom) - continues the trend.
As long as the constraints of wave (E) remain valid, I expect the dollar to continue gaining strength as indicated by the arrow.
US Dollar NEW sell opportunity
We expect a fall in price as shown on the chart, this should be the beginning of a bearish impulse move. Because ,we were able to count the double combo elliot wave corrective structure.
targets and invalidation level is as shown on the chart. Goodluck.
US Dollar New sell opportunity We expect a fall in price as shown onthe chart, this should be the beginning of a bearish impulse move.
targets and invalidation level is as shown on the chart. Goodlcuk,
DXY - Bullish outlook Hi all traders,
This is a video analysis on dxy.
FOMC is this week, so please trade safe.
I have pre-warn some of the levels within dxy, so please take extra note on it and trade safe as always!
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Hope you like this video analysis on dxy.
Cheers!
Look for long entry on DXYWait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a BUY limit.
Long $DXY against 92.50Hello Sophisticated Trader,
Our last analysis was 300+ in gains, now the DXY has found some support and is due for a bounce. Currently, a close back above 93.00 suggests a test of 94.00, oversold conditions also support this and only a close below 92.50 would negate this bounce.
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Dr. Lydia Smith
Where we teach you what you need to know to be a profitable trader.
Long $DXY Analysis
Hello Sophisticated Trader,
The $DXY has finally broken above the 97.00 resistance and the 100 MA on the 4hr, this is indicating a possible move up for the bull for another test of 98.00 and possible 99.00. This is extremely helpful when trading, as the dollar index has become the main market driver. In addition, the renewed coronavirus fear most likely have an impact and support the DXY over the coming week.
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Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know about trading.
dxy#DXY dollar index running out of gas stock RSI over bought on almost all TFs, a nice pull back would line up with my 10 yr pump theory and rocket launch stocks/crypto
