Dxyshort
UPDATE: DIXIE still on its way down to 96.40Since September 2022, the DIXIE has been coming down on a strong bear trend.
When this happens, the US Dollar weakens and many of the other currencies strengthen.
Hence you can see the EUR/USD taking off for the first time in months...
Anyway, technically the DIXIE is still showing more downside to come.
Technically, the price remains below 200SMA (Black Line) which turned the background RED.
Second, the RSI has remained below the 50 mark, which is why the background remains red - Bearish...
Thirdly, there is a strong down channel which the price is riding down.
My first target for the Dixie remains at is 96.40.
Trade well, live free..
Timon
(Financial trader since 2003)
MANAUSDT SWING LONG Here are the fews points i am looking for this chart
1.Price showing us deep pull back breaking though last uptrend swing low
2.Price showing us a new strong momentum to the upside
3.We can compare those down wave to the new up wave , very clear that buyer are taking control
4.Price start to consolidate and holding up the FIB 50% level (showing us price are strong to buy )
5.We need to see price break out in strong momentum bar before we entry (maybe restested )
6.Remember we are buying new higher high make sure moved you stop loss to breakeven when you are in profit about 1-1 risk and reward
7. Target : no Target (trend following )
DXY DUMPAll HTF from Weekly To Daily are Down trending
Price on the H4 and is ranging and i assume its all manipulation. Bonds are making a pullback due to interest rate hikes. but none the less price is still very very bearish. Even the USDJPY is on a pull back this confirms that the market is now risk on as Beta Currencies are taking a Dive too.
BITCOIN MINI BULLRUN BEFORE 2024Comparison of BTC Yearly Outlook for 2023 with DXY Yearly Performance of 2021
Bitcoin printed the exact same Pivot Grid for this year with DeMark, Woodie & Camarilla.
Fractal (DXY-2021) is applied on BTC
Will we see a bounce from Pivots DeMark (green) and Woodie (orange) to new Lows for BTC before we reach a High for this year at around $32K?
Next Move DXY (comparison BTC)In this comparison we see
BTC Yearly Performance 2022-2023 and
DXY Yearly Outlook 2023-2024
The Indicator is PIVOT POINTS STANDARD with DeMark, Woodie & Camarilla.
The Grid of all 3 Pivots for BTC in 2022 is the exact same for DXY for this year.
Will DXY dump this year? Is BITCOIN surpass its ATH?
NZDUSD swing long 1hour Flag PatternThere are the few points i am looking in this chart
1.Pervious market condition (4hrs time frame in a up trend )
2.Compare to the last down wave we can see clearly stronger momentum to the upside (more bull bar )
3.After a strong dirction move, price start to consolidate in a high level ( seller couldn't push the price lower )
4.Looking for a strong bull bar break out / retested to entry
Target: 2 times about the Flag pole
DXY, Reversal in the makingDXY has been tanking recently due to less then expected NFP news. We can see a trendline being respected since June 2021 which we are correctively moving down in a descending channel to indicate a potential reversal is coming.
Look for buy opportunities only if all your entry criteria is met.
Follow your trading plan.
Thanks
Trade Safe
Dollar Index (DXY) still in uptrendsAccording to the DXY market chart, the uptrend continues, as it has since 1981. According to the GDP growth data of 1980 to 1982. GDP was negative for six of the 12 quarters. The worst was Q2 1980 at -8.0%.24 Unemployment rose to 10.8% in November and December 1982. It was above 10% for 10 months.
From 2020 to 2022, the GDP was negative for four of the eleven quarters. Q4 of 2022 is pending, but the overall GDP situation is the same; the rate hikes are higher to combat inflation. In 2020, unemployment during the COVID period was 14%, but overall after COVID, it was around 3.7%.
The market structure of DXY says the recent decline of DXY is a market uptrend signal. The support level is from December 1981 and the resistance is the same as in August 1981.
DXY set for big drop!DXY is in long term down trend. Currently price has broken out of the local resistance and grab strong liquidity and started to drop again giving us potential for further drop as the price has grabbed liquidity, highly likely DXY will continue to drop towards it's long term down trend
On the retest, of the resistance, a sell trade is high probable.
AW US Dollar Analysis - Expect Lower Prices From Here...Due to an interest in the potential bullish price action in the Aussie dollar I thought it would be a good idea to analyze this chart at the smaller degree.
If this analysis is accurate, then we should see the US Dollar fall from current levels.
This will likely also pull crypto prices higher: eventually.
Of course, we are dealing with probabilities anytime we analyze a chart, but I also did the same in 2020 when the DXY was declining.
The same concepts apply here but this time the waves are easier to read due to the same type of 5-wave move expected in the EURUSD.
If you don't know what I mean by that I will link the "examining the correlations" video down below along with the latest Aussie Dollar idea.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.