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
Dxysetup
DXY ABOUT TO FALLDoller was rising extremely since last week . But its sitting on a very strong resistance level .
DXYwill it get back in that daily channel or will it drop further down we will see after this ends... it will very much depends on what moves will show in the correction that will follow somewhere there...
DXYi see more weakness on dollar and fundamentals also showing more tensions with tariffs.
here from technical i see abc correction marked with sub waves, also eurusd have same reverse pattern.
on the chart in comments u can see the bigger full view on this.
like it so ull be notified for updates...
DXY Bearish SpeculationWe are forming our right shoulder, we might get an extension to the next resistance before heading down, price action shall tell us.
SHORT TERM Bearish view on Dollar indexSHORT TERM Bearish view on DXY
DXY Head & Shoulders Pattern on the Daily, retest and rejection of critical retracement zone. Details are on the chart.
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DXY MOVE UPDXY:
- Still in the uptrend channel
- It has touched the support line
- Being in the demand zone
- Touched the .782 Fibo retracement
- Wave 5 is finished
- Bullish Divergence
- Set to form Chyper pattern
Bullish/Long:
-TP 1 at 95.70
-TP 2 at 96.50
Invalid if drops through 94.68 low
DXY POTENTIAL REBOUND AREATVC:DXY REBOUND..?
Hello! I have for you very interesting long idea
Stop on the chart. All details available on chart, but if you need - please comment and let's discuss.
DXY POTENTIALLY TO SET BEARISH CYPHERCypher Pattern Rules:
- Point B is the Fibonacci retracement of point XA of 0.382 to 0.618
- Point C is an extension of XA of at least 1,272 or between 1,130 - 1,414
- Point D is the Fibonacci retracement of the XC point of 0.782
DXY has the potential to form a similar formation, with point B of 0.32 and point C a little longer at 1.667. DXY also managed to move up to form an uptrend channel after touching this year's low at 88.25 points, if DXY successfully maintains to move in the uptrend channel then there is a possibility that DXY will finish the pattern by touching 99-100. If this happens.
The key point is if the DXY slumps and exits the uptrend channel and continues to penetrate 88.25, the failed pattern is formed, meaning that as long as the pattern has not been formed, it will still be a lot of possibilities. But if the pattern is successfully formed until it is finished then it will be very helpful to project the next DXY trend, here the pattern formed is bearish cypher.
Support & Resistance Fight95.00 resistance and 94.00 support is a key area of interest for the Dollar as you can see how price reacted previously to these levels. It has tapped 95.00 today and pulled back so there is bullish pressure there, but can the bears keep it below this level and closer to 94.00?
DXY Strength - But A Trendline In The Way?The last two weeks we have seen some bullish moves with the Dollar which broke the DXY out of a low range. However on a weekly chart, we can see it has now reached a descending trendline around the 93.00 level. Could this be a bit of a make or break move for the Dollar? With a break to the upside and push towards previous 2017 highs or a rejection and downside move to test 87.00 area.
Up Down Up DownThe Dollar Index has been stuck in this wedge pattern since the beginning of 2018. After a large fall from the 95.00 area it seems to have stalled and now deciding on whether to continue pushing down, or prove this wedge pattern is the bulls getting ready to go! Between 90.50 and 80.50 seem to be keen bounce areas for price to reverse so keep an eye for a a strong rejection / break of these levels...
