DXY Chart Analysis....
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart create Bullish Flag Pattern's breakout @104.360.
resistance level, then market Buy UP to 105:000; @ 105.500 and 106:000 resistance level.
Then market need seems sell correction to nearest Support 105.500 level.
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reliance on the information contained within this channel including
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Dxysignals
DXY INDEX Next Move Before CPI Pair : DXY Index
Description :
Bearish Channel as a Corrective Pattern and Rejecting from the Upper Trend Line #UTL
Double Top Pattern in Short Term
RSI Divergence
EMAs Crossing Each other and Indicating us the Sell in Short Time Frame
Break of Structure and Making its Retracement
Completed " 13245 " Impulsive Wave and Making " a " Corrective Wave
#DXYCurrently, we are in the process of completing a correction space, there are three areas:
1-103.037
2-102,863
3-102.719
It was based on a combination of percentages of fibrizing waves with pivot points. The range of 102.719 is located in the vicinity of the static support range of 102.634 and provides suitable conditions for the upward trend.
In case of failure of 102.634 support, we can finally estimate the completion of an ABCD pattern according to the current conditions.
(There is no certainty that all targets will be touched.)
DXY is set for a rise!Currency Pair : DXY
Possible direction : Bullish
Technical Analysis : After market opening DXY has broken out the resistance with strong liquidity grab from the strong support zone. it is highly likely price will continue to rise as long term trend is bullish and we have seen multiple liquidity grab along the way
Possible trade recommendation : Bullish as per chart sketch
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Dollar Index Chart Analysis....
In this situation DXY chart create Bullish Flag Pattern.So,If breakout @103.777
resistance level, then market Buy UP to 103:999 ; @ 104.720 and 105:600 resistance level.
Then market need seems sell correction to nearest Support 104.950 level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY : Long Trade , 1hHello traders, we want to check the chart of the dollar index. In the 1-hour time frame, the price has been able to break the resistance level of 103.300 and 103.400. Considering the strength of the market movement, if the price can reach around 103.300 and also The upward trend line returns is a good point to enter the trade and the next target that can be imagined is around the price of 104.700. Good luck.
DXY buy Entry : 103.278
Stop : 102.566 , Target : 104.700
Risk/Reward Ratio : 2
DXY Chart Analysis....
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY could rise to 103.50 resistanceSince the low at 101.50 two weeks ago, the USD Index is trading in a range.
However, the pressure seems to be on the buy side and a break above 102.30- 102.40 resistance would bring confirmation for a possible reversal.
In such an instance, the first target for bulls is the 103.50 zone resistance
I'm bullish as long as the 101.50 low is intact
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.
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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:
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DeGRAM | DXY Market previewDXY is trading at support at 102 in a descending channel on the 4H timeframe.
Price action is slowing as it approaches support by creating an equal measured move AB=CD .
We can see a double bottom and divergence on the 1H timeframe.
We expect the resistance to be tested since the price has reached major support on a daily and weekly .
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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- 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.