#DXY Showing Bearish Sentiment BuildingWatch for small scalp potential as it could retrace here.
See chart for details.
Watch next Friday closely. New nonfarm payroll report to be released.
Could cause market to crab sideways till then.
But hoping it makes minor retrace correction here first before the report is released.
Dxyshort!!!!!!!!!!!!!
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥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 progressive 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 have now identified in the count, does not resemble a leader, and we assumed that it would be a triple zigzag.
So the count has changed to a triangle, and from this triangle the waves a , b and c are complete, and now we are inside wave d .
From wave d , wave a is still forming.
And from wave a the end of wave 3 is unknown and waves 4 and 5 are not formed in our view.
At the end of wave a , wave b forms a sideways trend that is long in time, after which wave c moves to the size of wave a and is ready to start wave e on the upper side of the triangle.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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DXY SHORTTo survive in the most difficult market and enjoy life
recommendations
1.- Risk Management 1-2% capital per operation
2.- Be patient
3.- Partial profit taking
We are at an ideal point to trade DXY Take its last push before its fall and thus be able to buy in the best areas, so we hope that this graph will also generate good opportunities.
As you can see in other shared ideas, I do not always win, but I am profitable due to good risk management, my profit ratio is at least 1: 3
Do not go crazy, wait for the entrance or put SELL LIMIT, be smart.
DXYThis is only my theory I think DXY looks really weak on HTF meaning weekly & monthly. But I cant rule out the $97-$99 move can still be baking in the oven. Being that DXY has been so strong the sentiment points my analysis this way, but also unemotionally speaking this would be max pain. But for now there are big sellers of the dollar on daily TF and we should at least hit $95.50 to finish Wave C down
Dollar seems to start dropping TVC:DXY
Hey everyone , I wish you have a profitable week
So as we see in the chart , dollar index looks more bearish now and I think the rally is over and base is already created , and now we go for drop
I personally expect nice growth on AUD , GBP
What is your idea about Dollar index ??
mention your view in comments
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥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.
Examining the weekly time for this indicator, we came to the conclusion that we are in wave 4 of a leader.
This wave 4 can be counted in two ways:
In the first case, the waves are flat.
And in the second case, the count is in the form of a triangle.
Considering the main wave c in this analysis, which is not very similar to the five waves, we preferred to consider a scenario for the second case, the triangle.
From this triangle, wave d is being formed and from wave d, we assume that we are still inside wave a, which requires a maximum of 2 waves to complete this wave.
And then a relatively long sideways motion for wave b and finally a climb the size of wave a for wave c.
🙏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!❤️
DXY - D1 - DOUBLE TOP IN PROGRESS !The Dollar Index (DXY) is showing a potential double top formation in progress on a daily chart.
DAILY (D1)
Ongoing downside price action, after having, yesterday, broken both the Tenkan-Sen and the Mid Bollinger Band, this morning
the DXY is attempting to also breakout the Kijun-Sen which should be seen as the last important support level in that time frame.
A failure to hold above it (95.96) would directly put the focus on lower levels, towards 95.51 which is the trigger level of the double
top formation in progress and if broken would activate this reversal formation calling for a technical target @ 94.09 which is, currently, also the
clouds bottom support area on this daily time frame.
WEEKLY (W1)
Still in an ongoing uptrend but lack of follow through, confirmed by several "dojis" in a row is likely to trigger a trend reversal!
In addition, the 50 % Fibonacci retracement @ 96.10 has been filled but, so far, each upside continuation attempt has been rejected.
In that weekly time frame, the next significant support is @ 95.11 and a failure to stay above it would be an additional warning signal, calling for further downside towards
the double top technical target @ 94'09 above mentioned, which also coincides with the weekly cluster support level of MBB and KS.
MONTHLY (M1)
The DXY failed on the last monthly closing basis (in November) to upside breakout the clouds resistance area !
Therefore, December monthly closing should be watch at very carefully and that will give more clues for the upcoming months on a long term view.
Finally, watch carefully price action on shorter intraday time frames which will help you to validate or invalidate my technical view.
CONCLUSION :
Only a sustainable recovery, on a daily basis closing observation, above the 97.00 area would force to a reassessment of my expected bearish scenario.
DXY- FED has spoken, now what?DXY is in an uptrend in the long term, and this is clear. However, in the short term looks tired and in the need of a correction.
December rise is anemic and overlapping and this correction could happen soon.
As we see the posted chart, 97 acted as a strong ceiling and at this moment we have 2 support levels to keep in mind.
The first one is the ascending trend line and the second is the horizontal support from 75.80. Once the second support is broken we can also have a confirmation for a deeper correction and the index can drop of around 1 point to very important support at 95.50.
This drop of more than 1.5% can translate into a rise in pairs like EurUsd, GbpUsd, AudUsd and NzdUsd of 200 pips or so.
I will look to buy dips for these pairs
DXY bearish December outlook The DXY has recently had a good few weeks with a massive incline through November however the run has started to taper off with a Bearish Rounded top pattern being formed in early December and a strong resistance zone being met.
This implies further downfall for the DXY index throughout the winter months following through into q1 of 2022 which aligns for a bullish run up for crypto from late December - early Q1. While im not overly confident in a fully bearish DXY , i do believe a downfall of 1-2% is to be expected simply due to the pace this bullish period took over amidst a mass of inflation fud.
I will ensure to update this chart should any more inflationary news or dollar related news takes place however for now this is the general idea im going with as this supports my bullish view on crypto as a whole !
-Oz