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Dxysignals

U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bullish candlestick last week, again making its highest weekly closing price in over one year. The price has broken above the level at 12238 which I had identified as key resistance, although the closing price was not high enough to be very confident this resistance has been invalidated. The price is above its levels from 3 and 6 months ago, which shows that a long-term bullish trend in the greenback is present. Generally, these are bullish signs, and are supported by the risk-off market environment being at least somewhat supportive of the greenback. The best strategy in the Forex market over the coming week will probably be to look for trades long of either the USD or the CHF or JPY.
TVC:DXYLong
by SmoothJB
DXYDear traders, as I said on last weeks .. as I told you last week, DXY reached area 96300 from where it easily rejected! in the next period I will look for SELL towards area 93 but at the first daily closing over 96,300 I will prepare for BUY until area 99 ... but for now it seems very unlikely THIS WEEK... 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 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
3
DXY tethering in the balance. We favour the upsideThe dollar index is holding the top of the channel and could break to the upside anytime from here. If in the off case, the macro sentiment changes, the price could break back down into the channel. BULL CASE Our price targets last week of 97.5 stands, price looks good at these levels if you can enter once market opens next week. BEAR CASE If there macro situation clears up and there is clarity on when the fed will raise rates, we should see price drop to 94.2. I'm less in favour of the bear case.
TVC:DXYLong
by IkanBilisCapital
1
DXY Head and Shoulders may lead lower. Levels to watch.My most recent analysis on the U.S. Dollar Index (DXY) was a long-term one comparing the current situation to mid 2018, plotting a potential long-term Channel Up for next year but calling first for a sizeable correction: This time I bring you back to the 1D time-frame where my call for a shorter-term correction may be taking shape after all, as DXY seems to have formed a Head and Shoulders (H&S) pattern (which is a bearish reversal formation). That leaves us with 2+1 potential downside targets: 1) If the underlying Pivot trend-line (green dashed line) breaks, then I expect DXY to seek the bottom (Higher Lows trend-line) of the Channel Up as shown on the chart and potentially make contact with the 1D MA50 (blue trend-line). 2) If a 1D candle is closed below the 1D MA50, then I expect further downtrend towards the bottom of the blue Channel, which I expect to be the dominant long-term pattern as we move forwards. 3) If that breaks too however, I expect one final bearish target on the 1D MA200 (orange trend-line) and the 0.786 Fibonacci retracement level. -------------------------------------------------------------------------------------------------------- ** 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- A lot of bullish confirmationsSince 10th November, DXY has become strongly bullish with the index breaking above VERY IMPORTANT 94.60 resistance. If we look at a longer daily chart we can easily see that at this moment we have a major shift of trend and DXY has a lot of bullish confirmations, starting with this break, but also with a double bottom in 90 zone and, after the second bottom in June, a lot of higher lows and a major rounded bottom break. I expect USD to remain strong for the rest of the year and 94.60 is now strong support Rallies in EurUsd, GbpUsd, AudUsd and NzdUsd should be sold
TVC:DXYLong
by Mihai_Iacob
26
DXYDear traders, as I said on last weeks ... DXY closed over the strong resistance at 94300 and climbed into an extremely heavy area! even if maybe ... I expect it to go up a bit to 96300 ... I won't enter the trade unless it closes below 95100 this week THIS WEEK... as I told you last week, DXY reached area 96300 from where it easily rejected! in the next period I will look for SELL towards area 93 but at the first daily closing over 96,300 I will prepare for BUY until area 99 ... but for now it seems very unlikely 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 1W RSI hit its 5 year Resistance. -3% correction expected.The U.S. Dollar Index's long-term Cycles aren't a mystery. I've posted quite a few analyses on its long-term cyclical behavior including those below: This time, having broken above the 1W MA200 (orange trend-line) and all short-term patterns, it is time to look at the long-term indicators once more. The most important of those is the RSI on the 1W time-frame, which has just hit the 70.000 Resistance that has been holding for +5 years. As you see every time the RSI hit that level (red arrows), the price pulled back. In December 2016 it was the peak of that Cycle while in August 2018 it was the first pull-back within a Channel Up that lasted for more than a year. That most recent pull-back however was initiated on the week that followed the RSI 70.000 peak. It is therefore possible to see DXY making a Higher High early next week and then start pulling back. A -3% pull-back from a new emerging Channel Up Higher High would place the correction around 93.550. If however that escalates to a larger correction, we'll have to wait and see the 1W MA50 (blue trend-line) to confirm that. -------------------------------------------------------------------------------------------------------- ** 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
2
DXYDear traders, as I said on last weeks ... DXY went down but did not reach my target in the 93200 area ... and went up again in the strong area from 94250 from where it rejected ... in the next period I will continue to look for an entry on SELL to the mentioned area but any closure even for 1 day over 94300 ... will make me enter BUY up to 96300! THIS WEEK...DXY closed over the strong resistance at 94300 and climbed into an extremely heavy area! even if maybe ... I expect it to go up a bit to 96300 ... I won't enter the trade unless it closes below 95100 this week 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
DXY Sell SignalPattern: Bullish Megaphone on 1D. Signal: Sell as the price hit the Higher Highs trend-line (top) of the Megaphone, which has been rejected three times in the past. Target: 92.657 (the 0.785 Fibonacci retracement level, which has made a Higher Low each time after a Higher Highs rejection). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
6
DXY Triple Top formation aiming at 92.500The U.S. Dollar Index has made a Triple Top just over 94.260. Currently the 4H MA200 (orange trend-line) is giving a short-term bounce but the true Support is the 1D MA50 (red trend-line), which already held once on October 28. Based on the long-term Bullish Megaphone though, the downside target of a Higher Low is the 0.786 Fibonacci retracement level and that is around 92.500. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
45
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ...as I said last week, I will look for SELL on DXY if it closes even for 1 day below 93200 ... but because it did not make it ... DXY went up again to 94200 from where it rejected for the moment! in the next period I will look for SELL again in the 93400 area but at a possible closure even for 1 day above the 94300 level I will look for BUY up to 96300 THIS WEEK...As I was telling you last week, DXY went down but did not reach my target in the 93200 area ... and went up again in the strong area from 94250 from where it rejected ... in the next period I will continue to look for an entry on SELL to the mentioned area but any closure even for 1 day over 94300 ... will make me enter BUY up to 96300! however ... I will rely on the theory of the letter W and will continue to search for SELL 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
7
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ...as I said, DXY went down and hit my lka 93500 target and now ... I will keep looking for SELL up to 92000, at the first close even for 1 day below 93200 THIS WEEK...as I said last week, I will look for SELL on DXY if it closes even for 1 day below 93200 ... but because it did not make it ... DXY went up again to 94200 from where it rejected for the moment! in the next period I will look for SELL again in the 93400 area but at a possible closure even for 1 day above the 94300 level I will look for BUY up to 96300 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 , Where we are Hello guys Are you ready for this week ?? In here , this idex is between these 2 R & S zone that shown on chart But we have a key in chart ( key : the point of change trend ) , And now at this time the trend of idex is downward and we need best zone and area to take short position and sell At first when the price is coming to our sell zone area then take signal like ... then take short position and sell Dont forget use stop loss and attention to money management Good Luck Abtin
TVC:DXYShort
by Abtin00
DXY Further Bearish confirmation. Target 92.500.My most recent post on DXY was on September 29, identifying the Bullish Megaphone which was trading on its Higher Highs (top) trend-line on a potential rejection: The rejection eventually happened and today the price broke below the 4H MA200 (orange trend-line). The last 2 times this took place following a Higher Highs rejection, the price eventually dropped lower and made a Higher Low at the bottom of the Megaphone. On both occasions, it reached at least the 0.786 Fibonacci retracement level. That is currently at 92.500 and this is our next medium-term target. -------------------------------------------------------------------------------------------------------- ** 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