Another drop to 104.00 remains in storeTVC:DXY manages to pick up extra pace and extends further the bounce off multi-week lows around 104.00 on Thursday.
In case bears regain the upper hand, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30).
In the meantime, while above the key 200-day SMA, the outlook for the index is expected to remain constructive.
Dxysignal
DXY → Next hurdle emerges around 106.00TVC:DXY looks to extend further last week’s rebound, although the 106.00 region proves to be quite a strong barrier for the time being.
Once the 106.00 hurdle is cleared, the index could then embark on a potential test of the November peak at 107.11 (November 1) ahead of the 2023 high of 107.34 (October 3).
In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
💸DXY Index💸 will Go Up by Falling Wedge Pattern⏰(1-Hour)⏰✅The DXY Index has completed a Falling Wedge Pattern in the 🟢Heavy Support zone($105.80_$104.530)🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys .
🔔I expect the DXY Index will go UP after breaking the upper line of the Falling Wedge Pattern to the 🔴 Resistance zone 🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY Index will Go Down to 🟢Heavy Support zone🟢(1-Hour)⏰✅The DXY index managed to break the Uptrend line and 🟢 Support zone 🟢.
💫Currently, DXY reacted well to the Resistance line and formed a 💫Shooting Star Candlestick Pattern💫 near this line in the 1-hour time frame ⏰.
🔔I expect the DXY to trend lower in the coming hours , enter the 🟢 Heavy Support zone 🟢, and fall to at least the 🟡 Price Reversal Zone(PRZ) 🟡.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY will Fall by Head and Shoulders Pattern⏰(1-Hour)⏰✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴.
🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago.
🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🚨DXY Index is Ready to Fall🚨(1-hour)🏃♂️The DXY Index is moving in a 🔴Heavy Resistance Zone🔴.
🌊According to the theory of Elliott waves , the DXY index is near the end of five impulsive waves .
🔔I expect wave 5 to end near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and start to fall.
DXY Index Analyze ( DXYUSD ), 1-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵DXY💵 will have an upward trend in the Coming Months🚀Hi everyone👋.
💡The DXY index managed to break the 🔴 Resistance zone($103.80-$103.38) 🔴 last week.
🌊According to the Elliott wave theory , DXY completed the Zigzag correction(ABC/5-3-5) with the Expanding Ending Diagonal .
🔔I expect the DXY index to go up in the 🌙Coming Months🌙 and break the upcoming 🔴 Resistance zones 🔴 one by one.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily 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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🚨DXY crash after 🐮Bull Trap🐮🚨↗️DXY Index reacted well to the Resistance Line .
🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮.
🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart.
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 my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY : Short Trade , 1hHello traders, we want to check the DXY chart in the 1-hour time frame. The price is in a descending channel and has reached the key level of 103.300 and 103.400. We expect this level to play the role of a resistance level for us and the trend We expect the price to fall to 102.700, and if the downward trend is strong, the next target for the price is 102.200. Good luck.
DXY 3June2023You can see the note that I gave on the chart, the possibility of wave 4 happening later. I still believe DXY will remain bullish as long as the price does not fall deeper than the invalid area, there is a possibility that DXY will fall more than that, but there is a certain limit to how deep the price will fall.
DXY : Short Trade , 1hHello traders, we want to check the DXY chart in the 1-hour time frame. The price is moving in a downward channel and after breaking the key level of 101.900, it has pulled back to this level. We expect this level to act as a resistance level for us. Play and maintain the downward trend of the price and drop to the next key level around the price of 100,900. Good luck.
DXY AFTER CPI AND PPI US RELEASEHELLO DEAR TRADERS
I think we have currently created a short-term bottom on DXY and we need to go retest the zone of interest
US PPI release yesterday was lower than expected and these numbers did not help us at all. Dollar takes another hit.
We will see how the FED reacts in mid-December to the positive feedback from the economy due to the increase in interest rates
The current one-time declaration of inflation numbers smaller than expected does not seem to me to be enough for the dollar to change its current trend. I haven't seen a single statement from the FED that they currently plan to ease the monetary policy of aggressively raising rates. If this opinion is still in their statements in December, despite the current numbers, I think we will go lower again on the equity markets. Do not forget that November and December may once again be the months when inflation shows that it is not yet at its peak. People spend a lot on Christmas
DXY Global Vision (Elliott Waves Analysis) TIME TO FALL Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
The dollar index seems to have gone to work out the divers on the weekly TF and form a long-term correction.
Within wave (A), the decline in the index perfectly harmonizes with the market "seasonality" and there is a potential for the index to decline, which means that the markets will grow ~ until spring 2023.
A decrease in the $ index means that the value of $ is declining and investors will try to find a safer place for their capital, that is, shift the currency into any other assets, whether it be gold, stocks or bitcoin.
Of course, the true extremum points can only be clearly identified after the fact, so I would not flatter myself with the rapid vertical growth of markets from the current ones, but the general trend and action plan from my point of view looks exactly like this.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
USD Dollar forming double top?#usddollar, 15th Key reversal bar, next Insurance bar indication for short dollar. 105.55-60 resistance level for previous fall. High probability to hold this support to form double top. price may go rise up a little to catch stop losses of short traders. Target is 103.00.
DXY create bearish butterfly pattern. Short BUY, long SELL
DOLLAR INDEX MY VIEW-
N.B-In this situation DXY chart short tram create butterfly pattern.
So, market seems bullish 102.220 AND 102.600 Resistance Zone. Then Sell SAVE.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
January Forecast - Continue the rally ?Technically, DXY is still in bullish momentum. As long as the price stays above the 38.20% Fibonacci retracement, I reckon DXY will give one more push to visit 97.7. However, a price breakout and close below the 38.20% Fibonacci retracement indicate that DXY will fall deeper to retest the 50% Fib.
What we know so far, Powell signals rate hikes and balance sheet runoff, but yields hold steady, CPI 0.5% and Core CPI 0.6%, U.S. jobless claims rise by 23,000 to 230,000.
Invalidation:
- This analysis fails if the price breakout and close below 38.20% Fibonacci retracement
Catalyst:
- U.S. Sales data
- Manufacturing Index
- Unemployment claims
DXYDear traders,
as I said on last weeks ... DXY closed over the strong resistance at 94300 and climbed into an extremely heavy area!
even if maybe ... I expect it to go up a bit to 96300 ... I won't enter the trade unless it closes below 95100 this week
THIS WEEK... as I told you last week, DXY reached area 96300 from where it easily rejected!
in the next period I will look for SELL towards area 93 but at the first daily closing over 96,300 I will prepare for BUY until area 99 ... but for now it seems very unlikely
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
Dollar Index: Still Bullish, But Below 93.00 May Change ScenarioDollar Index: Still Bullish, But Below 93.00 May Change the Scenario.
The US Dollar broke out of a brief downtrend in late September as the Federal Reserve signaled they might raise rates faster than expected.
The break was driven by proper motive and significant as it allowed for more years supply, fueled inflationary fears that have been present all year long to keep Treasury yield movements hot going into new deadlines on Wednesday night.
The US Dollar Index dipped to the three-week low on Thursday before bouncing off one-month-old horizontal support. Also challenging this DXY weakness is sluggish momentum and a 200-day moving average which has been in favor of buyers since reversing from its yearly top around mid-January 2019.
Sluggish market conditions pressured the greenback gauge but not so heavily. Still, it took bids near 93.50 during Monday's Asian session as traders await economic data releases later today that might spark renewed interest among investors who had initially sold their positions due primarily to inflationary pressure.
It's worth noting that the US Dollar Index portrays a short-term falling wedge bullish chart pattern on four hours chart. Hence, confirmation of this stated formation with an upside break of 93.70 may open the door for 94.50.
As long as DXY holds above 93.00, there is still the chance to test 94.50 again. But the market is still concerned about inflationary pressure, so breaking below 93.00 will create a selling opportunity for the DXY. We should not think about selling before breaking below 93.00 points.
Breaking below 93.00, our first target is 92.50. After that, we may see some upward correction from 92.50. On the other hand, breaking below 92.50 will open the door for 91.50 points. And final target to the downside is 89.50 points.
DXYas I said on March 21 ... DXY is in a strong downward trend and if for 1 week it rejected 3 weeks in a row from the Fibonacci 0.5 area, I expect it to continue the descent to Fibonacci 382!
...even if it climbed to the Fibonacci 786, DXY continues its downward trend we were talking about and will reach the Fibonacci zone 0.382 where it is a very strong area ... and even if it rejects and rises again to the 91,950 area ... the trend is in continue to descend!
...as I said last week DXY rejected from Fiboinacci 382 and closed under Fibonacci 0.236 from where ... even if it will go down a little to the area 89.800-89.300 I think it will start an ascent and will form a W
THIS WEEK...exactly as I said in the last 3 months DXY rejected from the 786 Fibonacci level and went down thus closing the Fibonacci chart that I drew 3 months ago!
From this area, I expect DXY to reject and start rebuilding the W I've been talking about lately ....
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.