DXY- Entering very strong resistance and sell zoneLast week I was wondering if we will have a break above 94.50 resistance, and indeed, we had it.
After this break, the index has accelerated its gains and now is trading near a very strong resistance and sell zone
I expect at least a correction from this zone and a drop to 93.50 support
Traders should look for buying opportunities in EurUsd, GbpUsd and NzdUsd
Dxysignals
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.
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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
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GREAT ATTENTION:
*This information is not a Financial Advice.
DXY- Will we have a break?Since the end of May, DXY is trading in a clear up trend, putting in higher lows and higher highs on our chart
At this moment the index is trading exactly in resistance and NFP today could be the trigger for a break
Such a break could accelerate gains towards the next important resistance at 96 zone
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.
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
DXY- More growth to come?After reaching a local high at 94.60, DXY corrected and dropped to 93.50 support
Yesterday, a bullish Engulfing has formed from this support and we can expect more growth in the next few days.
94.60 can be bulls target and selling rallies for eurusd, gbpusd, audusd and nzdusd can be a good strategy
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.
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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 (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 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