Dxysetup
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.
Like, Comment, and Follow.
Let's Make Money Together!
Happy Trading!
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.
Like, Comment, and Follow.
Let's Make Money Together!
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
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.
Thank you for support and likes. Feel free to comment below.
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
