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Dxysignals

DXY Can drop even lower. Buy and sell levels long-term.The U.S. Dollar Index (DXY) has been pulling back since the September 28 High. Technically it has been trading within a long-term Bullish Megaphone pattern since the start of the year. As you see, the price is below the 4H MA50 (red trend-line), and since at least May 30, the Low is formed at least on the 1D MA50 (blue trend-line). This is the level to enter if you are looking for a long-term buy that targets the next .382 Fibonacci extension in line, the 5.382 at 117.825. There is also the 62.20 1W RSI Support to consider before entering. Note that if the 4H MA50 breaks upwards first, it is a bullish break-out signal. We are only willing to sell if the price breaks below the 1D MA100 (green trend-line), which is slightly below the bottom (Higher Lows trend-line) of the Megaphone, giving us good tolerance levels hence a solid confirmation. In that case we will be targeting the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** 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
2
Dxy- Stalling near hightsAfter the strong reversal from near the ascending trend line, DXY managed to get back above resistance, but the index is lacking conviction and is unable to continue. Instead, DXY is stalling and is putting in Pin Bars on our daily chart. This can be an indication that a correction could follow and a break back under resistance, now support would bring confirmation. I've become slightly bearish on USD for now. Wait and see is my approach on Usd pairs
CAPITALCOM:DXYShort
by Mihai_Iacob
16
DXY Two levels it can reverse massively on this 30 year Channel!The U.S. Dollar Index (DXY) has been rising all year in the aftermath of the Fed to decide to raise the interest rates in their battle to lower the extreme levels of inflation. As a result, the USD has been gaining against the basket of major world currencies. From a technical perspective though, the time is approaching that it may reverse massively downwards as it is meeting two key long-term rejection levels. The first and most important is the top (Lower Highs trend-line) of the 30 year Channel Down pattern, which started after the August 1992 Low! As you see this Channel has so far two Lower Lows (green arrows) and two Lower Highs (red arrows). The most recent of the latter was printed on last week's 1W candle. The price hit the top of the Channel Down and got instantly rejected. However, with this week's worse than expected CPI, we see the current 1W candle in green, attempting to hit the top again. Until we close a weekly candle above it, we have to consider this level as a possible long-term trend reversal/ rejection for the DXY. If the USD Index does break and close above it, then we will come across very quickly another key long-term rejection level, and that is the Higher Highs trend-line of the 13 year Channel Up pattern that started in the aftermath of the Housing Crisis in 2009. As you see, so far the Higher Highs trend-line has made three contacts with that line (red Flags). The next (if the Channel Down breaks) should be around 114.00. That is the second long-term candidate level for rejection. This historic price action shows that potentially, going short at the current levels on the U.S. Dollar, offers a low Risk high Return set-up, at least on the long-term. Of course, the macroeconomic environment has to keep up in order for the technicals to play out, especially being in this highly inflationary environment. A key factor is the Fed's Interest Rate (blue trend-line). As mentioned above, this has been rising since the start of the year, causing this parabolic rally on DXY. We see that in the course of the past 30 years, every time the Interest Rate dropped, the DXY was following downwards. As a result, if the Fed decides by the start of next year that the job has been done and that inflation may be (partially at least) controlled, the can start cutting the Interest Rate back in order to stimulate the stock market, which has been suffering all year long. A mere hint/ announcement by the Fed of such intention early, can cause the DXY to reverse before the Interest Rate even starts decreasing, as it happened after 2006. The times we live in are unique in terms of the fundamentals and more likely than not the battle to control an inflation caused by years of abuse can take an equal amount to years. At last, if you are a long-term investor looking for a confirmed level to sell, that would be below the Higher Lows trend-line, as it happened in December 2002. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
9
DXY can rise to 112 and even aboveSince the beginning of the year, the trend for the USD is up and, after breaking above the important phycological 100 figure, the index is trading in an ascending channel and every correction on Usd is bought. Recently, the index reached 110 and a correction followed, this drop was quickly reversed once CPI data were released and the price is now again above 108.50-1.09 zone resistance. I expect a new leg up from Usd and 112 can be the target. Pairs like EurUsd and GbpUsd should be sold on eventually rallies
CAPITALCOM:DXYLong
by Mihai_Iacob
2
DXY create bearish Harmonic pattern. So, Short sell, long buy In this situation DXY chart Bearish Harmonic pattern . So, market need to seems SELL correction at 109.327 or 108.500 support level. Then Market fully BUY to 109.900 ; 110.240 & 110.500 resistance 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.
TVC:DXYShort
by AronnoFx
DXY create bullish Rectangle pattern. So, Short sell, long buy In this situation DXY chart Hopefully create bullish Rectangle pattern . So, market need seems to SELL correction at 108.600 & 108.400 support level. Then Market fully BUY to 109.550 & 110.200 resistance 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.
TVC:DXYLong
by AronnoFx
DXY critical test on the multi-year pivot. Huge sell ahead?The U.S. Dollar Index (DXY) hit last month a Pivot trend-line (2) and so far is unable to break it. This pivot has started as a Support back in August 1992 and then turned into a Resistance since May 2004 and has been such up to this date. As you see, the very same pattern with a Pivot trend-line (1), had a similar effect on the multi-year trend from October 1978 to June 2001, which seems to be a similar point to where we are at today. See how every such rejection on the Pivot as a Resistance has been brutal and the sell-off have been very quick and strong. If that is the case this time too, we should be expecting now a rejection and a massive pull-back to the 1W MA200 (orange trend-line) at least, within 2023. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
5
DXY Approaching the the July Resistance. Critical test.The U.S. Dollar Index (DXY) is on a 2 week uptrend following our last analysis, centered around the 2022 Bullish Megaphone: As you see, both the Higher Lows (1) trend-line (the Megaphone's bottom) and the 1D RSI Support held, and the price initiated this strong rebound. The critical level is now the 109.300 Resistance of the July 14 High and the RSI Resistance Zone. A break above both, would be a bullish break-out signal, targeting the 2.0 Fibonacci extension, a little below 114.000, which is the Fib level that all Higher Highs within the Megaphone have targeted. On the other hand, only a break below the Higher Lows trend-line and the 1D RSI Support, can be taken as a bearish break-out signal, in which case we can target the 1D MA200 (orange trend-line) for the first time since June 17 2021. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:DXY
by TradingShot
4