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Dxysignals

DXY Don't lose sight of the big picture. Still bearish.The U.S. Dollar Index (DXY) has been somewhat consolidating lately in the past 2 weeks. Last time we warned that upon a pending Death Cross on the 1D time-frame, more pain would come: It appears that we caught the exact high before a new round of selling on the USD. To maintain a broad perspective, it is useful now to look at the last two times it formed a 1D Death Cross. As you see the drop from the moment of the Death Cross until the bottom was fairly similar, -9.75% and -8.75%. An average drop of this, sets the target on the current Death Cross drop to around 96.000. The 1W RSI offers a good perspective as to when the price hits the middle of this drop and that is when the RSI makes the first rebound after reaching the 30.000 oversold level. In those 2 past occurrences, it made one last rebound back above the 1D MA50 (blue trend-line) before dropping towards its bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
11
DXY Testing the 4H MA50. Short-term Resistance.The U.S. Dollar Index (DXY) it currently testing its 4H MA50 (blue trend-line), which has caused two rejections last week and has been closing all 4H candles below it since January 06. As long as it continues to do so, we expect a short-term bearish trend between that and the medium-term Channel Down that has been in effect since November 15 2022. A 1D candle closing above the 4H MA50, would be a buy break-out call targeting the top of the Channel Down and the 4H MA200 (orange trend-line) in particular, while a closing below the Channel Down would be a sell break-out call targeting the 1W MA200 (red trend-line) and 99.300 (0.618 Fibonacci level) in particular, as we outlined on our longer-term analysis 20 days ago: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
3
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.
TVC:DXY
by humairqureshi
2
Dxy- Reversal loomingAs I argued in the start of the year video, I expect a reversal from Usd pairs and a resumption to the long-term bearish trend (bullish DXY). In Dxy's case, I draw attention to the important support that the index is trading in and, as we can see, so far this zone held. Going further, as we can see from the posted chart, since mid-December, the index is trading in a range and we have a strong reversal 2 days ago. Confirmation of reversal comes once the price is breaking above the upper boundary of the range at 104.50 and, in such an instance we can see a medium-term rise to 109 important resistance zone. Sell pairs like EurUsd, GbpUsd, NzdUsd, and AudUsd can be a good trading strategy.
CAPITALCOM:DXYLong
by Mihai_Iacob
2
DXY 1D Death Cross emerging. More pain to come.The U.S. Dollar Index (DXY) is about to form a Death Cross pattern on the 1D time-frame for the first time in 2.5 years (since July 03 2020). This is technically a very bearish formation (when the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line)) and should continue the long-term bearish trend, a long-term move we caught at the very top as you can see on our September analysis: As the 1D MACD is losing out on its bullish momentum as long as the price gets rejected on the 1D MA200, it will continue to fill the lower Fibonacci retracement levels (from the May 25 2021 Low). As you see those Fib levels match almost perfectly the previous Resistance levels (green zones) during the uptrend. Even though the 0.5 Fib (102.220) is next, our point of interest is the 0.618 Fib (99.210) that could make contact with the 1W MA200 (red trend-line) ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
4
Multi-Year Ascending Scallop on DXYDuring the DXY run-up this past year, I noticed repeated ascending scallop patterns that were continually validated by breakouts. These were often on the 5 to 15 min timeframe, but If you look at the ascent even on the hourly chart, you'll notice the pattern reveals itself repeatedly. If you're a believer in using fractals in your trading strategy, you won't be surprised to see that a clear ascending scallop appears to be developing on the longer time frame. I was initially looking for this pullback to find support at former resistance, but it has possibly regained its support from 2018-20. Given the repeated validations on shorter time frames, I'm looking for a break out above the Sept high (114.778) in early 2023 - if not sooner.
TVC:DXYLong
by moveyoubrightly
DXY Below the 1D MA200, 1st time since June 2021, targeting 100.It is no big secret that the U.S. Dollar Index (DXY) is on a strong bearish reversal. It is something we've been warning the community about since September when we caught the exact top on the Channel and called for a massive reversal: What however appears to have confirmed the bearish extension is the fact that the DXY broke and closed below its 1D MA200 (orange trend-line) on Thursday, for the first time since June 17 2021. That alone is a very strong sell signal on the long-term, which as we outlined on previous analyses can target the 2.786 Fibonacci extension, which is a little over the 100.00 mark. As you see, every Low since the September 28 top has been on a former Resistance Zone (green) and the November 15, November 28 ones hit the 1.786 Fib extension. The 2.786 Fib happens to ben just above also the Resistance Zone that made the March 07, 14 and 28 Highs. On the short-term however, with the 1D RSI near the 30.000 oversold barrier, having formed a clear Support Zone since the November 11 Low, we might see a counter trend rebound to test the 1D MA100 (green trend-line) and 1D MA50 (blue trend-line) as Resistance. Especially if the 1D RSI breaks above its Lower Highs trend-line coming off the September 27 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
5
DXY- USD's drop should be over soonKeep in mind this is a long-term view looking at a weekly chart with the month of December just starting (Typically a weak USD month, so spikes in support are probable) Since June 2021, the DXY index has started a bullish trend, with this trend becoming parabolic at the beginning of 2022. Finally, after a high near the 115 figure, the index has started to correct and now is trading at 104.50, almost 10% under the high. However, we should be very careful with shorting USD from now on, because, fundamentally, nothing has changed. Technically speaking, as we can see from the main chart of the idea, DXY is now trading in extremely strong support given by the 2017 high, 2020 high, and also the high of 2022 high, just before this important break up. Zooming in to the daily chart: We can see, indeed that this is a zone, with the high from 2017 at 103.80 and the high of 2020 at 103, so around 1%. Adding to this, the trend line started in min 2021 is also in this zone... All this confluence of both fundamental/economical factors and technical ones should be a strong warning for USD bears and, although in December we can have spikes in this zone if you are a medium-term trader you should use this as a good buying opportunity for USD. Best regards! Mihai Iacob
CAPITALCOM:DXYLong
by Mihai_Iacob
9
DXY hit the 1D MA20 for the first time since June 2021!To be exact the last time the U.S. Dollar Index (DXY) hit its 1D MA200 (orange trend-line) was on June 23 2021 and last time it traded below it June 16 2021. Needless to say, this is a key development for the long-term price action, as a candle closing below it, confirms the transition from a long-term bearish trend to a bullish one. So far since the November 03 High, the price seems to be trading within a very aggressive Channel Down. As long as it holds and 1D MA200 breaks, we expect a sharp fall to the 2.786 Fibonacci extension (100.200). If the price breaks above the Channel Down, we expect a counter trend rebound, short-lived, to the 1D MA100 (green trend-line) and the 1D MA50 (blue trend-line) to be tested as Resistance levels. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
1
DXY can rise again above 109After the break under the last ascending trend line started in mid-August on 21st Oct and a retest of this break at the beginning of Nov, DXY continued its drop and also broke under horizontal support and the long-term trend line 5 days after. This important break led to aggressive losses and a test of the following horizontal support at the 105 zone. Now the index is in recovery and a rise to the 109 zone could follow. I'm bullish USD as long as last week's low is intact and selling rallies for EurUsd, AudUsd, NzdUsd and GbpUsd could be a goos strategy
CAPITALCOM:DXYLong
by Mihai_Iacob
2