Dxysignals
DXY Approaching the top of a familiar Megaphone.The U.S. Dollar Index has been trading within a Bullish Megaphone pattern since late June and is now approaching its Higher Highs trend-line with the 1 year Resistance waiting at 94.750. This is a familiar pattern as the very same sequence has been formed back in June - September 2018. As you see both patterns formed on a 1D Golden Cross (when the 1D MA50 crosses above the 1D MA200). Based on the 1D RSI, it appears that DXY is right at the top of the formation as on August 15 2018, building up a strong pull-back to the bottom of the Megaphone.
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DXY- And up we brokeAs I argued before, DXY is in a bullish trend for some months now.
Yesterday the index has broken above resistance and the road is clear to 95 zone.
Sell rallies for EurUsd, GbpUsd, NzdUsd and AudUsd is my strategy
DXY (Dollar Index) Short With 99% of Success !! (UPDATE !)Hello Traders,
As we can see, We are Now at the End of the Wave D, The Price make an Extended Wave (Ending Diagonal), We have Divergence at the MACD as shown, so now we're targeting the final wave (E) that give us a potentiel 99% of short position.
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DXY (Dollar Index) The Best Zone To Short With 99% of Success !!Hello Traders,
As we can see, We are Now at the End of the Wave D, The Price reach the Resistance Zone. The Market Maker Candle appeared with Divergence at the MACD as shown, so now we're targeting the final wave (E) that give us a potentiel 99% of short position.
- Sell Position :
- Price: 93.277
- TP 1 : 92.124
- SL: 93.678
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DXY Price is moving bearish for the moment but will it continue bearish or will it reverse and go bullish? Would like to hear what you think.
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DXY Price is correcting from an impulsive move. If you didn't enter before the market will surely give you a chance to enter.
DXY to push higherSince January low under 90 figure, DXY has traded higher confirming this low as an important one.
Also, since June, the price action is very constructive putting in higher lows on our daily chart.
At this moment DXY is trading again in resistance zone and there is a high probability of a break here in the next few days.
95 zone is my target for the index
DXY Dollar Index Losing Momentum $90.45This is your tarot chart reading per event.
DXY is the most important highlight to watch for all marketeers and traders. DXY is normally to calculate the relative between other currencies and some commodities.
1st rebound is on 7th January 2021
2nd rebound is on 1st June 2021
DXY is good performer when it comes out with stimulus projection or stimulus release.
This year 2021 pattern took some major constructive pattern.
January to March = strengthen
March to June = weaken
June to Sep = strengthen
Thus, we can expected Q4 the US dollar index will be weaken. As clearly shown that the pattern development on the current constructive pattern is losing.
The steam of strengthening losing it's momentum as the stimulus of injection dollar to the market gained less traction control.
Based on my calculation, there will be no more upscale towards the dollar projection.
Q4 is coming and the all indices will be going into depression.
Thus, I am predicting the dollar will hit the value of $90.45 starting next week course developing trend.
Zezu Zaza
2048
DXYPrice seems to be correcting forming a reversal pattern. With CPI coming later on l'd be cautious with my trades.
DXY theoryMy first Idea, a theory as advertised..do with it as you will. higher time frame shows price action in the process of the left shoulder of head and shoulders pattern(as every short idea will let you know but can be seen on daily chart) . once price breaks out of wedge the short term direction will be clear(although more room for the downside than upside).. if miracles happen and it completes the head and shoulders with the explosion of price(bearish) means a long position on quite a few forex pairs and commodities would be favourable. naturally the way you play this depends on your strategy, if you are cautious and reactive wait for the scenario to play out then make your move(bearish price movement below wedge should peak your interest) or predictive/pro-active if you are feeling risky and getting in/off of left shoulders is your thing then do it. im posting this on a friday so i expect some dollar bullishness when the market closes as i am currently seeing that while typing this, so wallstreet and market makers can give themselves hi 5s and pats on the back whilst chanting in unison "U.S.A!" for as they enter the weekend so they can enjoy their weekends as mortals do before they turn back into sharks when the market opens.
some additional info if you need it would be wise to use dxy as a confirmation for your trades, if you love trading gold as I do..if the dollar is weak then buying gold is a sure fire way to gain some net(profits). dollar strength or weakness makes many pairs strong or weak regardless of whether the usd is used in the trade or not due to America being a greater influence on the world other than their currency being the biggest baddie in the entire prison. if you are purely a technical trader then analyzing the dollar would be closest you get to fundamentals as possible, if you have some favourite forex pairs take some time to see how it reacts to the price action of the dollar. the most notable pairs that i take note of is gbpusd,usdjpy and usdcad as they love moving with the dollar
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DXY formed a top on a Head & ShouldersPattern: Head & Shoulders on 1D.
Signal: Sell as the price is forming the Right Shoulder of the pattern, after which a strong selling sequence should technically follow. Also the RSI has been on a bearish divergence since June 18.
Target: 90.000 (just above the 0.9 Fibonacci retracement level, in line with the previous bearish sequence).
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DXY ANALYSIS FOR NFP THE NON-farm pay roll will impact on the dollar so this is my own projection and analysis for the dollar.
support/deman zone for order block formed.
Let's await NFP ,so all XXX/USD may experience Bearish movement!
Not a financial adviser, just an analysis for NFP.
DXY: POSSIBLE MOVEMENT BEFORE AND AFTER NFPHere is my idea on dollar index, expect price come to correction area.
If you have any idea, comment below and don't forget give thumbs up
DXY Sell SignalPattern: Channel Up on 1D.
Signal: Sell as the price hit the Higher Highs trend-line (top) of the pattern.
Target: 90.000 (the 0.9 Fibonacci retracement).
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DXY: UPDATE FOR THIS MONTHDollar index performance for this month.
expect for bearish target Imabalance daily
DXY- Higher low in place?As I said a few days back, I expect a break above resistance in DXY's case.
As normal, after touching resistance, Dollar Index corrected some and, at this point, we can have a higher low in place.
Confirmation for bulls comes with a clear break above and a drop under 92.50 invalidates the bullish scenario
DXY- Will it break?Since the recent 89.50 low, USD Index is trading upwards, putting in higher lows on our chart.
At this moment DXY is facing resistance at around 93 and a break looks imminent.
If we indeed will have this break, 95 is the next target.
This outlook is valid as long as the price stays above the recent low
Selling EurUsd, GbpUsd, AudUsd and NzdUsd can be a good idea
DXY 4H Golden Cross gives a Lower Low since March 2019Three days ago an important pattern that may have been overlooked was formed on the U.S. Dollar Index, the Death Cross. This is a simple illustration of the Death Cross formations (when the MA50 (blue trend-line) crosses below the MA200 (orange trend-line)) on the 4H time-frame.
As you see, since the failed March 2019 Death Cross (scroll to the left to see the rest of the chart), every 4H Death Cross has delivered a Lower Low after its formation. This is quite a sizeable sample, 9 formations in more than 2 years. In my opinion that makes DXY bearish (despite today's Nonfarm Payrolls report) on a 3-4 day horizon at least.
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DXY Sell SignalPattern: Triangle on 1D.
Signal: Sell once the price closes below the 4H MA50 (green trend-line) which has been the sell confirmation on the previous bearish leg of the Triangle. Also the price got rejected on the Lower Highs trend-line of the Triangle. Notice how the 1D RSI has been on a Bearish Divergence.
Target: 90.000 (a little over the 0.9 Fibonacci retracement level).
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DXY- 95, a good target for bullsIn the past 2 weeks, DXY consolidated gains, just under local 92.75 resistance.
I expect a break from the Index and swing trader can target 95 zone for their long positions.
