Dollar index USDXThe dollar index is about to go bearish therefore the EURUSD will be going bullish for a while.
Dxyshort!!!!!!!!!!!!!
SHORT DXYUS dollar is pullback to broken trend line after 5 week bearish move and ready to drop again.
US economy shows signs of peak inflation and it will satisfy the federal reserve to rate hike 0.5 percent in September.
So, Dollar index will week after this and its time to short it.
Trade safe.
Good luck.
DXY Sell Setup.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY short term is bearish ! Can't holding uptrend line The DXY broke down a short term up trend line. Pay attention to horizontal support area.
DXY, Looking bullish. Hi Traders,
DXY is shaping up to see some momentum to gain some ground as we can see price is moving within a reversal structure and impulsively reversed off the bottom boundary of the HTF ascending channel creating continuation correction. On the LTF, we can see price was falling within a smaller wedge structure inside the HTF reversal stucture with a Breakout and now in a developing continuation correction.
Thanks
Trade Safe.
EURUSD GOING NORTH for the WINTER!The DXY has begun it's decent to Miami getting ready to board a Ship further south to Columbia:)
When the DXY DIPS EURUSD goes North for the Winter.
They are Ying and Yang. This is all the confluence you need for a Long set up into the Next ADR Profile of EURUSD 101 PIP$
The fundamentals all point to the DXY coming down due to inflation. Mr Powell's manipulation oops I meant press conferences did the trick. His job is calm the markets and he did just that.
By causing the DXY to fall it allowed EURUSD to REBALANCE. This is the Narrative for this Long Set Up.
Never over Leverage.
Trust your trade Set up. As long as you have a underlying narrative behind your set up Trust it and give it time to develop.
Have Fun!
I AM Pro Trading Made Simple.
I represent #SniperGang
LETZ GET IT!!!!!!!
DXY breaking down from parabolic uptrend?This was a chart I worked through during a livestream...
Traditionally speaking, DXY down = assets up. Said another way, market participants "sell" their dollars for "stuff".
DXY Downlink formationDXY Downlink formation
Tipping point with down channel seduction
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DXY possible drop!!DXY ( 4h) has broken the support to the downside and opened with a gap down today. The price is just below daily support and 20EMA. As there is head and shoulder on the daily, There is a possibility of dropping the price to the downside to monthly support. As the monthly candle close, we could drastically drop as per price action formation.
If you like this analysis, Give a big thumbs up and also drop a comment to help the idea.
The BLUE PRINT.Price has 3 moves:
1. Up
2. Down
3. Sideways aka CONSOLIDATION
Learn these moves and you have found your Broken slot machine.
Anytime the DXY breaks south like this EURUSD will Go to the North Pole:)
The DXY is the only INDICATOR you need. It doesn't LAG and is real time price action.
This chart is self explanatory.
Never over leverage.
Always trust your trade set up. You're rarely wrong just EARLY. So let your trade develop with TIME.
Most importantly : HAVE FUN!
I AM PRO TRADING MADE SIMPLE.
I REPRESENT #SniperGang
DXY Idea H4Here is my view for DXY on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The Action has Begun!The DXY has opened Bearish.
The 15min TF on the DXY has a GAP at 107.151 - 107.209. The DXY likes to fill imbalances sooner than later.
Leveraging this wisdom in confluence that there are imbalances to fill on EURUSD the Long Set up now is in effect.
There are 20 pips in the zone 1.01434 - 1.01711 that price is clearly going to fill up.
After EURUSD Rebalances those imbalances there should be a very heavy DIP SOUTH when all of the expected NEWS hits today.
Look for signs of the dip at 1.02206.
Never Over Leverage.
Trust your analysis and give it time to develop. Remember patience is key and nothing great is built quickly therefore allow your trades to mature. Remember you're almost never wrong just early.
This is a 6 Trillion Dollar Space so the $ will never run out. Have Fun and enjoy the show!
Now lets see how price follows the script today!
I AM PRo Trading Made Simple
WILL DXY GIVE US WHAT WE NEED 🤔On current structure price is forming a kinda reversal pattern which is an ascending pattern so basically there is a higher chance that price will Break below to maybe form a lager head and shoulders pattern and that'll give us more confidence/confluences for a valid drop.
LOOKS BEARISH
Good luck Always stay safe and trade safe!!
Setup to long DXYIf I see the breakout of the descending triangle I will long DXY....
The setup above yields 3.53R....
Like and Subscribe.
50 PIPS UP!!!!! 50 PIPS TILL EXTREME.
Once price breaks Morning Zone Level it has 50 pips to range NORTH.
The DXY has broken South like a Knife off the 50th Floor!
Thus confirming the Long into the extremes of EURUSD.
Learn the ADR of the asset you choose and you will never trade blindly into its extremes.
Each asset has boundaries that it crosses only 20% out of 100.
Leverage this wisdom with the Fact the DXY has made a move south and your short set up will become evident.
Never over leverage.
Trust your trade set up.
Have FUN!
I AM PRO TRADING MADE SIMPLE!
DXYFrom the analysis as you can see... DXY is over-extended and theres high probability to break and retest lower.
What will nullify this plan is upcoming Powell data.
let me know what you think?
thanks.
DXY create AB=CD pattern. Short BUY, long SELL
N.B- In this situation DXY chart create ab=cd pattern.
So, market need to seems BUY correction Up to 107.300
resistance level. Then Market fall to 106.150 & 105.400 Support level.
DXY - Short#DXY in Daily time frame
DXY is way to touch the lower trend line of this channel before going back to touch the Resistance area
DXY 4H SituationAfter breaking the base flag in the 4-hour tf, I expect correction til 50% of the daily spike candle. After reaching that area, it will either move up or down who depend the situation of candle.
Short on Dollar Index- All Analysis were done on LTF... you can zoom into 1 Min timeframe to see the analysis
- Analysis were based on the smart money and ICT
- Since trading view does not allow to publish less than 15 min time frame, I tried to do it in the 15 min (Scalp is not accepted by trading view ;))
Nasdaq100 in the face of a major resistanceNASDAQ100 index is facing a strong resistance around 12,200 (represented in the 50-EMA) after rebounding from the broader weekly downward channel's lower boundary.
A confirmed breakout of the mentioned static resistance, will open the door for further +5.61% bounce (685 points) throughout the week to 12,885 level.
DXY and US10Y have likely topped out in the near termBased on fundamentals,
1. Recession scare may cause FED to stop hiking interest rates rapidly which has negative effect on Dollar.
2. US 10 Year Bond Yields (US10Y) have also topped out in near term..
Based on technical patterns, we see
1. Double top with negative RSI divergence. See BTCUSD idea which brought bitcoin from 69000$ to 30000$ in related idea linked below.
2. We have a bearish pennant in play now
3. High Correlation with US10Y and similar chart formation as seen below.
DXY Idea H1Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
