Get started

Dxysignals

DXY Pre rate hike pattern signals a top nearbyThe U.S. Dollar index is rising aggressively since yesterday's confirmation by Jerome Powell that on the March event the Fed will indeed start raising the interest rates again. In the most recent rate hike event on December 16 2015, the DXY also starting rising 7 weeks before the event itself. As you see the patterns are quite similar, as both started rising after the formation of a Triangle. As a result, even though a final rally is possible, starting to build up sell positions would be the safer investment choice on the long-term. -------------------------------------------------------------------------------------------------------- ** 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
7
DXY as I said on last weeks .. DXY still keeps the premises of forming a pattern that it has been following since May 2020! ... as I said in my last analysis ... I will look for SELL per DXY up to around 94,500 because as we show you towards the end of 2021 I noticed a pattern that has formed since June 2020! THIS WEEK... as I said in my last analysis DXY reached the 94500 area from where it strongly rejected! in this area I will wait to see a trend for at least 1 day before entering the trade ... so, - in case of a closure even for 1 day above level 95850 I will look for BUY towards 96400-97.900, otherwise I will look for SELL towards Fibonacci 618 from where UP again towards 97900-98300 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXY bouncing on the pivot and 1D MA100.DXY has formed a Channel Down since the December 15 Double Top, a projection made clearly on my previous Dollar Index analysis a month ago: On Friday however, the price hit and bounced on the 94.600 Pivot which on October 12 2021 acted as a Resistance. This time seems to be a Support and this is further strengthened by the fact that it is exactly where the 1D MA100 (green trend-line) is, in fact the exact bounce was on the 1D MA100. As a result, it is possible to see a rebound that will put the 1D MA50 (blue trend-line) up to test as a Resistance. Overall, with the 1W MACD forming a Bearish Cross, the bearish trend is favored long-term. In either case, a break below the Pivot, is am immediate bearish break-out signal with a target on the 0.5 Fib (93.245) and the 1D MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- ** 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
1
DXY- 95.50 is now resistanceAfter consolidating around 6 weeks in a 1.5 points range, last week DXY has fallen under support giving us a strong bearish signal. This drop was stopped by the horizontal 94.50 support and how the index is searching for direction. The incapacity to stay above 94.50 support will be very bad for USD confirming a false break and a lower high in place on the longer time view and also opening the door for losses towards 90 zone. On the other hand, if bulls manage to drive the price back above 95.50 we will have the confirmation for a trend change for USD and we can expect continuation to 100. A good strategy can be to trade the range for USD pairs till clarification.
TVC:DXY
by Mihai_Iacob
1
DXY Hello traders, starting this week I will start doing my weekly analyzes for the year 2022! I wish you a happy and fulfilling New Year as I said on last weeks ..DXY still keeps the premises of forming a pattern that it has been following since May 2020! Just like I told you, DXY is in a very difficult area and even if it can force you and reach the 97480 area ... I will look for SELL in the next period THIS WEEK... as I said in my last analysis ... I will look for SELL per DXY up to around 94,500 because as we show you towards the end of 2021 I noticed a pattern that has formed since June 2020! indeed, DXY went down to the mentioned area from where I will wait for a range and a descent to the Fibonacci 618 and then ... UP AGAIN!! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
1
USD- The REAL moment of truth!Since May's 2021 low, the Dollar Index was very bullish and the price has risen around 8%, but more importantly, has broken above 95 zone very important resistance. After this important break, the price consolidated for one and a half months, but the price lacked continuation and, instead, has broken this consolidation to the downside. At this moment we can't say out loud "reversal", but there are a lot of red flags coming with this development. Technically the index is sitting on confluence support now and the trend remains up so far. However, a clear break under this confluence support would be extremely bearish for USD with the confirmation of a false break and more importantly a lower high in place. If this is the case, Dxy can drop and revisit the 90 zone if not even further
CAPITALCOM:DXY
by Mihai_Iacob
1
DXY Possible Double Top formation and rejection lowerThe U.S. Dollar Index got rejected yesterday on the 96.900 Resistance, having made what is so far a Double Top. Technically a rejection follows after such a pattern but this time the pattern is spoiled by the pivot trend-line which provided today support and a bounce, as it did on November 30. As long as those two (Resistance and Pivot) hold, the price will be trading within this Triangle formation. A recent long-term analysis I did on the DXY, comparing the current situation to mid 2018, shows that the index is overbought and calls first for a sizeable correction before resuming the uptrend: Under those parameters, keep an eye on the underlying Channel Up and if it breaks, the target 94.000. If that breaks too, then the correction should aim at the 1D MA200 (orange trend-line), which has been untouched since June 17. -------------------------------------------------------------------------------------------------------- ** 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
3