DXY(USD INDEX) SHORTS SHORT TERM 📉📉📉Expecting bearish price action on DXY on a short-term basis as pprice rejected a bearish orderblock on the H1, and shifted the market strucutre on the H1 from bullish into bearish.
From a medium-long term perspective i am still bullish on the DXY.
What do you think ? Comment below.
Dxyshort!!!!!!!!!!!!!
DXY - MARKET OVERVIEW DXY - MARKET OVERVIEW
DXY moved parabolic for the most of this month and smashed yearly highs, this is being fuelled by the conflict in Europe but also the FED HIKE RATE event where they expect to print 50 bias points. This is bullish for the dollar and has been a driving factor but price has gone up so much which a correction it's becoming unstable. If the 50 bias points is printed I'd expect a big spike in DXY before a mid term bear cycle as price is already well and truly factored in, it's a waiting game from here and I am sticking to my bias.
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Pip count this week 💰🏆+1035 pips
WTI SHORT / 74 pips ✅
GBPUSD LONG / -26 pips ❌
WTI SHORT / 185 pips ✅
WTI SHORT / -10 pips ❌
GOLD BUY / 70 pips ✅
GOLD SELL / 170 pips ✅
WTI SHORT / 200 pips ✅
GOLD SELL / -30 pips ❌
GBPUSD SELL / 67 pips ✅
GOLD SELL / 30 pips ✅
WTI SHORT / 60 pips ✅
WTI SHORT / 130 pips ✅
GBPUSD SELL / -30 pips ❌
GBPUSD SELL / -15 pips ❌
WTI SELL / -70 pips ❌
WTI BUY / 100 pips ✅
GBPUSD SELL / 20 pips ✅
GOLD SELL / 110 pips ✅
18 trades taken
12 wins ✅
6 losses ❌
66% win rate
⁉️ DXY Weekly Analysis Here I expect a retracement due to the fact that price left behind a lot of imbalances that have to be filled, as well we can see the price rejected from institutional figure 104.000 and closed bearish on Friday. I expect the price could go for the previous weekly low liquidity and reject from bullish orderblock + institutional figure 101.000.
DXY & Bitcoin Correlation ( $300 Target In 2025 )DXY V/s Bitcoin Correlation :-
TF:- 2W
✨DXY is currently at $103 Level.
✨Multiple Price Rejections are seen from Support & Resistance zones.
✨RSI bearish Divergence is also seen, While RSI is in OverBought levels.
✨Bearishness is expected in DXY by looking at Current Price Action.
✨We need to wait till the confirmation of Price Rejection from the Resistance zone .
✨ If the Price reject then it can go to the levels of $95 , $93 or $90
✨ For Bullishness in DXY = Price needs to give a Breakout of $103 level with Strong Bullish Green Candle and should give closing above it.
✨If DXY gives a Breakout, Then the Price can go up to levels of $115 - $120 or higher.
Conclusion =
= If DXY Breakout Above $103 Mean Bitcoin Super Bearish and Target would be $25000-$30000 Again.
= If Rejection as per the chart then we can see Bullish Mode Continues And Target would be $52800/$100k
Folmula = Y = 1/X
Where Y = DXY
and X = Bitcoin
Thank you for Reading.
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DXY - start of the Roaring 20sHi there,
DXY charts are preparing a massive fall on the Monthly timeframe, we will see new lows for DXY, Currently we are sitting at the top of the Falling wedge, in the last wave (5) at the weekly chart as well, preparing a topping process for a massive fall which will follow for DXY
Fundamental reasons for DXY fall- Dollar loosing his "World reserve Currency " as we see examples from Russia, Demanding payments of Gas and Oil in Rubble, this is Showing a change of regime for the Dollar
Dollar has been so strong last week, Why? In a last wave and a topping process, market makes sure to Change everyone sentiment , and bias , to that particular currency, in this case the Dollar, a massive move on the upside is turning everyone into Bullish on the Dollar, as it prepares a massive Fall, and when the fall Starts, Nobody will be expecting it, as we saw a massive rally last weeks.
Currencies to Long vs the Dollar
Mainly , AUD, GBP, EURO, NZD
Which Currency will be the next "World Reserve Currency"? From the charts, JPY is suggesting that it will be the next strongest Safe Haven in the incomming Months, So, Prepare to Short USDJPY as well, on this Dollar crash
Good Luck!
DXY- Correction round the corner?I'm bullish USD for quite some time and my 103-104 zone target was just hit.
Although I will remain bullish in the long term, at this moment I believe a correction will follow.
Looking at the monthly posted chart we can see that DXY is trading in a very strong resistance zone, market by 2017 and 2020 highs.
That being said, a drop to 100 is very probable for the index.
BTC BULLISH RALLY MIGHT START FROM NEXT WEEK! HERE'S WHY??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this important BTC and Dollar index comparison. Dollar index is inversely proportional to the BTC.
We might see a bullish rally in BTC from next week. Here's the reason.
As you see in the chart of DXY, it is reaching its major resistance level which is at around 103 level. Previously two times we saw the rejection in the Dollar index exactly at this same level.
While the Dollar index gets rejected a new bullish rally starts in BTC. So if we get the rejection from the same level this time also then we witness another bull run of BTC.
Invalidation level:- If DXY breaks and closes above the 103 level (Any weekly candle) then this chart becomes invalid.
Let's hope that we got the rejection this time also and we see a new bull run of BTC.
What do you think about this?
Do you think DXY gets rejected from the resistance and we see a bull run or do you think that it breaks the resistance level this time?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
#DXY is giving us a hint for the upcoming move in the market.I'll keep it short and simple.
Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level.
Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market.
The index must close below the red MA for the final confirmation.
Although we are at a decisive point, the patterns are indicating a potential bearish move.
Invalidation:- Break and close above the upper resistance trendline will invalidate the chart.
Let me know what you think.
Do consider hitting the like button if you like my content,
Thank you.
#PEACE
The US dollar is about to die !As you see in this analysis we tested 0.618% for the third time in monthly frame and we can’t passed it and the Elliott wave counts said we are going to 20-26 zone with big dump and i think the Chinese yen will replace it as the approved currency and we can say now goodbye USA for ever without returning and destroying countries.
DXY SHORTS ACTIVE 📉📉📉Expecting bearish price action on DXY on a short-term perspective as price should fill the huge bullish imbalance that was formed on friday due fundamental reasons, there is also a possibility that price will take out weekly highs liquidity and then quickly reverse to the downside.
This perspective is only on a LTF basis, from a HTF perspective DXY is very bullish.
What do you think ? Comment below..
DXY Technical Analysis Chart ( inverse proportion To Bitcoin )DXY - Long term Technical Analysis:-
TimeFrame:- 1 Week
✨DXY is currently at $100.5 Level.
✨DXY is Moving in a Bigger Support & Resistance Zone.
✨Multiple Price Rejections are seen from Support & Resistance zones.
✨Price is in Crucial Resistance level of
$100.5 - $103 level .
✨RSI bearish Divergence is also seen, While RSI is in OverBought levels.
✨Bearishness is expected in DXY by looking at Current Price Action.
✨We need to wait till the confirmation of Price Rejection from the Resistance zone.
✨ If the Price reject then it can go to the levels of $95 , $93 or $90
✨ For Bullishness in DXY = Price needs to give a Breakout of $103 level with Strong Bullish Green Candle and should give closing above it.
✨If DXY gives a Breakout, Then the Price can go up to levels of $115 - $120 or higher.
Conclusion =
1)- If DXY Breakout Above $103 Mean Bitcoin Super Bearish and Target would be $34000 Again.
2)- If Rejection as per the chart then we can see Bullish Mode Continues And Target would be $52800.
Folmula = Y = 1/X
Where Y = DXY
and X = Bitcoin
Thank you for Reading.
Don't forget to Like and Share.
Show Some love in the Comments.
DXY HIGH TAKE OUT!This chart visually you can see the narrative paint the picture:
Price has dipped down to eat the buy and sell stop orders accumulated at the bottom of base zone to continue for more liquidity in the higher structure levels.
Therefore it is a great time to short EURUSD
Happy trading Family
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NEVER TRADE WHAT YOU CAN"T RISK TO LOSE>
DXY SHORTS SHORT TERM📉📉📉📉 Expecting short-term shorts on the DXY from this area as price takes out liquidity above the 100$ institutional figure + weekly highs area. VIX should go down STOCKS should go up from a technial perspective meaning DXY has a high probabilty to go down, be mindfull that this in only SHORT-TERM ANALYSIS on the DXY as i am bullish on a mid-long term perspective
What do you think ? Comment below..