Bearish Flag on Daily!Waiting for more conformation to take a trade looking to see a higher low in the channel for possible short.
*PLEASE TRADE AT YOUR OWN RISK*
This is my analysis of what's to happen not financial advice.
Good Luck trade
Dxyshort!!!!!!!!!!!!!
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 LONGS UPDATE📉📉📉USD confirmed my bias to the pinpoint accuracy taking out stop losses below 96.000 psycho level and then quickly reverse to the upside as we are in a bullish market strucutre, we head to 97.000. Remember my words !
What do you think ? Comment below..
DXY LONGS 📉📉📉Expect bullish price action on this currency pair as price takes out liquitiy below 96.000 and closes above, we are in a bullish market structure on a HTF and should expect 97.000 to be hit soon.
What do you think? Comment below..
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 Chart on H1Here is my view for DXY Chart on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY LONGS ✅✅✅ Expect bullish price action on DXY, we close all the bullish imbalance and rejected a bearish orderblock on H1. We are in bullish market structure on a HTF analysis.
What do you think? Comment below..
USD INDEXHello. It appears to have fallen to $94.5 after breaking the $96 level. It can be the third branch of correction
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 - SHORT #DXY DAILY
Here is the DXY Update My Last Analysis is Still Valid
ALL USD/XXX Pairs is Short
DXY Count Monthly TF Long Term.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 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
DXY - SHORT #DXY Here Is The Daily Time Frame
We Are Looking That DXY Is Currently in Bullish channel
A Down Movements is Happening In That Positions.
DXY still hanging on.The dollar index is consolidating at the top of the channel. The price movements are becoming smaller and the breakout will come soon. This breakout can come to the upside or downside and we are favouring the upside. However, there is a chance that a fakeout back into the channel will come before the upmove comes.
BULL CASE
A break out of the range immediately next week and we see price hit our target of 97.5
BEAR CASE
A break down first 95.5 before the up move comes. If this happens we will need to check the price action after the fed announcements of their taper plans. The announcement may be super bullish for risk on assets.
DXY Update.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 Idea H1Here is my view for DXY on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
$DXY | SHORT ENTRY CONTINUATIONYesterday i posted an short setup on the DXY. This is for those who missed the initial entry short. I'm monitoring a potential secondary entry point forming if price meets strong resistance in or around the 96.143 mark
DXY Chart H4Here is my view for DXY Chart on H4. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
