Dxysignals
DXY Analysis 4July2023This analysis is still the same as the last analysis, I am still bullish for this analysis. the price is currently at support, with several signs of rejection candles, there is a possibility of continuing the bullish trend again. if the price drops from support, there is a high probability that the price will retest the SnD area below.
DXY 29June2023DXY analysis is still in accordance with the analysis some time ago, still in the a-b-c correction period. if we pull the fibo extension, from wave a to wave b, we can know the forecast of wave c will end.
fibo extension 1.618 is adjacent to the SnD H4 area. it could be that the price is heading in that direction.
DXY 23June2023DXY's journey since the last analysis is still in accordance with the roadmap, now there is a change in the character of the trend. there is a possibility of reversal. the price has broken the trendline resistance and formed a new high.
Currently the price is moving close to SnD and is still held by the trendline, there is a possibility of a retrace. when the price drops but does not fall deeper than the invalid area, then the possibility is positive for bullish.
Greenback Runs US Base Currencies!Here's a Billion DXY nugget for all who have an ear to listen: receive: and learn.
The DXY aka Dollar aka GreenBack aka That BULL aka Dolla Dolla will make her Holla : runs US Base Currencies and is Zeus in the markets.
KNOWING this Objective Fact : you can mark up the DXY and trade it against most US Base Pairs especially FX:EURUSD and whichever way the DXY is biased that day then EURUSD will be biased the exact other way within it's own specific buy/sell model and specific buy/sell schematic.
The DXY is Bullish. :)
FX:EURUSD has fallen.
Never over leverage.
Trust your trade set up. Typically most trade take time to manifest. If it doesn't hit your stop let it be.
Continue to have a Great week of trading!!!
DXY 10June2023the analysis a few days ago went well, the price went to the trendline and now looks rebound. the biggest possibility is that the price will still go down in the direction of the black arrow. if you see the bearish trendline responded positively at that time, it could be that the price will respond positively again when approaching the trendline.
DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
DXY Triple bearish rejection. 102.000 by month's end.The U.S. Dollar Index (DXY) had a major Bearish Rejection last week, and the 1W chart perfectly portrays the triple sell signal that just emerged. As you see the price hit and pulled-back off 1) The Lower Highs trend-line of the Descending Triangle pattern, 2) the 0.618 Fibonacci level and 3) the 1W RSI got rejected on its Higher Highs trend-line.
This Triple Rejection is a major medium-term sell signal at least, with the first technical target being the 1W MA100 (green trend-line), which supported the downtrend last time (May 08 candle). The 1W MA50 (blue trend-line) has been the Resistance since the week of December 19 2022. If we get a weekly close below the 100.825 Support, we will re-sell and target the 1W MA200 (orange trend-line) at 98.550 on the long-term.
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