DXYHey Traders, hope you had a great Weekend.
it's time now to start a fresh week, i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in this week we will be focusing on the selling opportunity of USDX around the weekly supply zone at 95.3, once we will receive any bearish confirmation the trade will be executed.
Happy Monday, Joe!
Dxyshort!!!!!!!!!!!!!
Next Week's Move DXY.Waiting for a nice correction as it has soared a lot because of FED tightening it's policy and tappering. I'll be looking to buy gold and EURUSD for next week. Not a trading advice do your own ta thanks. BTC may also be bullish because equity would be decreasing and safe heaven assets /currencies are btc gold jpy nzd cny aud gbp chf best push I'm expecting would be for shiba. Tc. Have a lovely weekend. Dow setup buy also invalidated.
DXY- Entering very strong resistance and sell zoneLast week I was wondering if we will have a break above 94.50 resistance, and indeed, we had it.
After this break, the index has accelerated its gains and now is trading near a very strong resistance and sell zone
I expect at least a correction from this zone and a drop to 93.50 support
Traders should look for buying opportunities in EurUsd, GbpUsd and NzdUsd
DXY Corrections Ahead ?DXY is in a nice up trending move and its trading above Sep 2020 Highs at 94.742 ( former resistance turned into support now) .But be cautious topside trend line resistance ahead at 95.35-95.40, watch price action rejection on Lower time frames to open shorts. Stay tune will update you.
DXY (Dollar Index) | The best targets to fall🔥Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
Dollar Index According to the previous analysis, we expected a further decline and we expected the decline to begin before the previous ceiling was broken.
According to the current analysis and according to the scenario:
We detected that in wave 4, wave b has not yet been completed, and from wave b , wave c has not yet been completed. Do not move beyond, so if the analysis is correct, wave c will be formed as a leading triangle.
If the upward movement is more, these waves are probably related to wave 5 and the scenario will change.
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Gold buy ideaGold is at the resistance line of the descending channel in black on the daily chart. I expect it to breakout and go up to the daily resistance line in red and then come retest the the level where it's at right now the shoot back up. My reason is that DXY recently hit the resistance line in red and is on it's way back down already let's just hope it tears through that descending channel with no problem
DXY , Where we are Hello guys
Are you ready for this week ??
In here , this idex is between these 2 R & S zone that shown on chart
But we have a key in chart ( key : the point of change trend ) , And now at this time the trend of idex is downward and we need best zone and area to take short position and sell
At first when the price is coming to our sell zone area then take signal like ... then take short position and sell
Dont forget use stop loss and attention to money management
Good Luck
Abtin
DXY (Dollar Index) | The best areas for correction🔥Hello traders, Dollar Index in Daily Timeframe , Dollar Index We still believe that the fall of five waves in the form of wave c will form wave 4.
In the four-hour time, we expected the formation of a head and shoulder pattern , This pattern was completed on Friday, and we expect a descent to the target, ie the middle line of the channel.
But due to the strong upward movement, reaching the specified target will be a little difficult.
If the previous roof is broken, we have no hope of falling.
🙏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 (Dollar Index) | The best point to start the uptrend🏹Hello traders, The dollar index in the weekly time frame, This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe.
The range we examined had an impulse state in which we are within wave 4.
This impulse of wave 2 forms itself as a relatively normal flat, and accordingly, wave 4 can be more complex than wave 2, and it probably is.
Inside the wave, the four waves w , x are completed, and now we are inside the wave y . It is also possible to climb to 96,000.
We will examine this issue more in the daily time.
In general, we expect another downtrend, which is confirmed by the failure of the channel floor.
Another point is that wave 4 will be able to enter the range of wave 1.
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DXY messy structure forming. Market indecisiveA messy structure is forming up for the dollar index. Price rebounded strongly after a retest of the mid channel line and it can really go either way right now. We have a slight and short-term bias to the but price should be capped to the top of the channel and will need to take out the leverage longs before it can move higher for extended periods of time.
BULL CASE
A timebased correction where price hovers around the current levels can happen before another pump up to test the top of the channel at 95
BEAR CASE
A correction down to the 93.710 can happen rapidly and we will want to enter long at the test of the mid channel.
PS: Manage your position size, structure is messy and price range is capped. Do not hold positions for too long as we near the end of the year.
DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, we expected another ascent for wave 5 of wave c from the second wave, and this ascent occurred.
And now the dollar index is in sideways position.
Given that we considered wave-1 as a leading triangle, it is very difficult to identify, end this process and start the correction.
At the moment, we have considered the -2 wave as a flat, which I think is completely over, and now the third wave is forming, and we do not think that it will hit a ceiling higher than the previous ceiling, ie the price of 94,000.
If you move beyond this price, the structure for wave 2 will change to zigzag and the upward movement will continue to the green trend line or the size of the previous wave.
🙏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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