DXY 96.07 - 0.74% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE
SOME OPPORTUNITIES THIS WEEK.
LOOKING AT THE DOLLAR INDEX
* The index has been trading in a bullish trend that lost momentum as we enter a reversal pattern that is now range-bound within the support & resistance .
* Looking for a double bottom formation within this range unless we see a breakout or changes in momentum.
* looking for reversals in the form of a double bottom, should we see continuation with the bulls, the plan changes.
ON THE HOULRY CHART - We are within a descending structure that could support that double bottom.
- looking for shorts on the dollar index , a break above changes the whole plan.
lets see how it goes
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SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Dxyshort!!!!!!!!!!!!!
DXY: a confluence point.DXY looks toppy recently: there has been a distribution on large level with a triple top formation.
This is very bearish and could lead to a downfall of the dollar.
This thesi is in fact justifiable by the on going world situation, which is slowly heating up.
There could be a war and the probabilities are very high. When you have nations providing money for guns, instead of a negotiation table, to a country which is pushing for nationalism, the situtation can escalate very fast.
No one is doing anything to avoid this war, instead the world is calling for it.
Americans need to learn their egemony in the world is coming to an end. And i really hope they will be able to learn, instead of trying to hold their power trough sanctions and war funding.
I really hope we will be able to reach peace without a "world capitulation" AKA atomic war.
This will be price in the DXY which will lose value, giving it to the YUAN and other currencies.
At the same time, if the situation will be extremely heated we will see asset like BTC and GOLD increasing rapidly in value, and everything will be fueled by the downfall of the dollar.
I believe a top is coming for the dollar and it could lose substantial value soon. The real question is: where is this value going to go?
I believe we'll have answers soon!
DXY LONG TERM LONGS 📉📉📉📉 Expecting bullish price action on DXY based on a medium-long term analysis, we are clearly bullish from a technical standpoint if we take a look at the HTF D1/W1. From a fundamental perspective the FED ( USA CENTRAL BANK ) increased the interest rate and they announced that they will increase it more in the following year. For now the price is trapped in a RANGE area that should be taken out the next week
100 institutional figure is very very close for a next week target.
What do you think ? Comment below..
DXY INDEX TUTORIAL 📉📉📉🎯 DXY - USD Index
USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term perspective.
🎯 DXY has two correlations one of them is positive meaning the certain assets moves like DXY and negative corelation meaning certain assets move exactly vice-versa.
✅ DXY Positive Correlations
DXY ⬆️
USDCAD ⬆️
USDJPY ⬆️
USDCHF ⬆️
USDRUB⬆️
USD XXX ⬆️
✅ DXY Negative Corelations
DXY ⬆️
EURUSD ⬇️
GBPUSD ⬇️
AUDUSD ⬇️
NZDUSD ⬇️
From a technical standpoint to have a better probability in your trades try to find entries when both DXY and for example USDCAD are in long poi (point of interest) this will increase your chance of having profits as you use inter-market correlations
Eur/UsdHello Mr. Traders, Fidel here following the current retracement happening with the Eur/Usd.
we broke out of this triangle, with nice volume which is something we look for with break outs, I see further upside atleast to the scribble I did up there, atleast.
but currently we could be due for a correction of the correction within the correction. HA im joking, kindof... but I expect price to bounce from the zone I marked. I will look for rejection and possibly place my stop under that. but on a larger scale, we could have finished wave 5. and expect the abc retracement mostlikely going back to the bottom of wave 4.
Thank you for your time, please I encourage feedback. We can only keep getting better. keep your chin up and minimize your loses. Good evening.
Dollar DXY Pre-FOMC Short!
Overview:
USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD.
Looking analytically at DXY on Daily, price is ranging inside a Captioned Sell-Zone. Taking Bears approach due to Captioned-zone, a rejection to the downside is expected from Captioned-ceiling (99.179 | 99.091) through 98.565 for test, and possibly further rejection to the downside.
Failure to find Support at 98.294 | 98.105 zone should have DXY at Zone of interest.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you. Happy Trading.
DXY 99.01 - 0.63% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE
SOME OPPORTUNITIES THIS WEEK.
LOOKING AT THE DOLLAR INDEX
* The index has been trading in a bullish trend that seems to be loosing momentum as we enter a reversal pattern .
* completed the 3 touches to see the index respect that bullish rally looking for that bearish rally to test the base of the structure/support.
* looking for reversals at current price, should we see continuation with the bulls, the plan changes.
- looking for shorts on the dollar index , a break above changes the whole plan.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
DXY HAS CREATED ITS GRAVE!DXY has been SKYROCKETING to the upside recently and im here to show you guys why thats a bad thing for DXY! In this chart, you can see that DXY has been in this downtrend channel since 2015. I know it looks like its breaking out of it but thats not the case since it also seemed like that in 2017 and 2020. Actually, this time its even quite possible to break the downtrend channel to the DOWNSIDE! DXY has created a BEARISH DIVERGANCE ON THE MONTHLY!! As you see the, the rsi is going above 2020 while DXY was higher in 2020 than now. That is called a bearish divergance. 2 scenarios can play out at this point: either DXY gets rejected by the downtrend channel or it goes up to 103 resistance like it did 2017 and 2020 and crash then. Crypto and stocks bullseason is on the verge!! If DXY breaks the downtrend channel to the downside, it will be a very huge bullmarket!
DXY | The last target for climbing📍Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a forms wave 1 and 2 and we are now inside wave 3.
From wave 3, the 1, 2, 3 and 4 microwaves were completed and, as we said before, an ascent was formed for wave 5.
We think this wave forms its three microwaves and needs a correction and an ascent to complete.
If the correction moves beyond the bottom of the canal, the ascending phase has probably changed to descending, and it is necessary for the green dot to be broken to continue the ascent.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Break out rejected. DXY still trapped in the wave 4.The DXY made a run to break the top of the channel this week and failed. We are likely to see price spend some time in this consolidation channel before it builds up enough momentum to break to the upside. We are short term bias to the downside for the DXY but we will be only looking for long entries on the pair. A retest of the bottom of the channel at 95.7 will be a nice entry for our long.
DXY looking strongHi Traders,
Investors are moving to safe haven currencies due to the global events happening right now between Russia and Ukraine. We can see USD, JPY and CHF pairs gaining momentum as these situations unfold.
Looking at DXY we can see a nice push upwards to the HTF upper boundary of this bullish continuation correction.
Keep your eyes out on the dollar!
Click the Like button if you agree with this idea!
Leave a comment below and share your view !
DXY (US DOLLAR INDEX) AT THE SUPPORT.Welcome members to this important update on DXY in 2 hours timeframe.
I am posting this chart on DXY because one of my members mentioned DXY in the comments section and I thought of sharing it with all of you. So, if you guys have queries about any particular coins to tokens then do let me know. I will be more than happy to help.
Well, coming back to the chart. The DXY looks pretty interesting here and I guess you all should know about this. BTC and DXY are correlated with each other. Since the beginning of Bitcoin's trading, one can notice a negative correlation between the BTC price with the DXY. If the DXY price falls, BTC rises – and vice versa. It is similar to USDT dominance when we compare it with BTC but the chart of USDT dominance and DXY is completely different.
Ok, so, here's the current status of DXY. DXY has been forming a bearish rising wedge pattern (correct me if I am wrong) and the current price is at the bottom trendline which means either it will bounce from here or break down. We may possibly see one more bounce towards the upper trendline but can't expect much volume and eventually a rejection towards the lower trendline. The RSI is falling weak which is another sign indicating DXY to be bearish. So, the confirmation point will be the lower trendline and that will be the key area to look into.
What do you think about the US Dollar Index?
Share your views in the comments.
Like and follow for more interesting updates.
Thank you and trade safely.
DXY 95.81 - 0.3% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE
SOME OPPORTUNITIES IN THE COMING WEEK.
LOOKING AT THE DOLLAR INDEX
* The index has been trading in a descending channel currently range bound in a descending channel.
* Looking for that lucky number 3 touch to see the index respect the descending structure and bearishly rally to test the base of this structure.
* The index already saw a delay at the base of the descending triangle structure which may signal having gardered momentum to go give that 3rd touch.
- should this happen looking for shorts on the dollar index, a break above changes the whole plan.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE