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Dxyshortthenlong

DXY Index Is Ready to Go Up🚀✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴. 📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern . 🔔I expect the DXY index to rise to at least 🟡 Potential Reversal Zone(PRZ) 🟡. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
3
Short relief rally may happen but continued selloff for DXY The market reacted to Biden's infrastructure bill which will unleash another wave of dollar liquidity into the markets favouring risk on assets over safe havens. We should see the dollar continue its selloff even if the price is due for a short term relief rally. BULL CASE If the bulls find some momentum this week while the bears are sleeping, we should see price rally to no more than 92.4 and then find another final leg down. BEAR If the bears find conviction, the next area of support that we're looking at is between 91.3 to 91.5
TVC:DXYShort
by IkanBilisCapital
No man's land but potentially more downside for the DXYThe dollar index ended up breaking downwards this week. It is in no man's land between the channel formed by the 93.188 and around the ~92 levels. BEAR CASE We think there's likelihood for the price to find more downside to test and potentially even break the bottom of the channel to hunt the stop losses around the 91.8 and 91.5 areas before finding more potential upside. BULL CASE If price were to move upwards next week, we expect price to be rejected by the top of the channel and potentially form an ascending triangle pattern for a potential break to the upside.
TVC:DXYShort
by IkanBilisCapital