DXY (USINDEX) buying from Support Level !!HELLO FRIENDS
As i can this US $ is getting strong an it had made a successful break to the running trend
if we have a look @ economical data output for Apr it is showing us a positive recovery and green back in $
So on the base of technical analysis we are expecting this US INDEX soon will achieve our design TP levels
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Dxysignals
DXY long-term trend bearish but possibility for one last spikePattern: Channel Down on 4H.
Signal: Two sell positions, one now and the other in the event of a 0.786 Fibonacci spike, similar to what took place after the previous two 4H Golden Crosses.
Target: 90.350 (the bottom of the Higher Lows Zone).
Most recent DXY signal:
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DXY Emerging Death Cross on 4H.Even though the previous 4H Death Cross failed (February 19), the one that is currently emerging, resembles more that of October 19, 2020 both in term of RSI and MACD. Following the breaking of the Higher Lows trend-line as mentioned on the previous DXY idea, testing of the two Support levels seems the more logical course. What follows after that is highly speculative but if the Higher Lows Zone of 2021 breaks, then the U.S. Dollar Index should resume its previous long-term bearish trend.
Most recent DXY idea:
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DXY Will the 1W MA50 weigh more than the oversold 4H RSI?The U.S. Dollar Index is on critical cross cross-roads. Last week it got rejected on the Higher Highs trend-line (4H time-frame, left chart) and naturally pulled back to the Higher Lows trend-line, which is so far holding. With the 4H RSI oversold, the short-term sentiment is bullish.
However last week's rejection didn't only happen on the Higher Highs trend-line but also right below the 1W MA50 (yellow trend-line). Technically that's what makes all the difference when it comes to long-term trends. Theoretically as long as it holds, the long-term trend remains bearish on DXY. On the 1D time-frame (right chart), the MACD just formed a Bearish Cross while the RSI Double Topped, so if the Higher Lows trend-line breaks, expect the Support 1 to be tested and potentially the Support 2. That will largely depend on what the 1D MA100 (green trend-line on the right chart) will do, as it has been an important pivot since March 2020, supporting the price twice (green arrows), while rejecting it another two times (red arrows). It's role becomes even stronger as it has been supporting since last month's break-out.
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DXYtaking into account the results of NFP, DXY will force and will climb to the level of Fibonacci 786 from where I will reanalyze the entire analysis depending on when it closes after this week!
As I said last week...DXY also closed over Fibonacci 618 and even if it makes a retracement movement at most up to the 92000 area, it will climb and test fibonacci 786 in the shortest time ... where we will reanalyze the whole situation!
THIS WEEK... taking into account the results of NFP, DXY will force and will climb to the level of Fibonacci 786 from where I will reanalyze the entire analysis depending on when it closes after this week!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
DXY very bullish after retracementHi there,
DXY heading for another leg down, I think we completed now wave 3 and we heading for wave 4 for a big retracement on the dollar, which will send eurusd to 1.21 and gold to 1800+
After we make the correction, the whole market will crash with the strong dollar,
Get ready to get in after the correction on GOLD, EURUSD, GBPUSD, NZDUSD, AUDUSD, all will drop hard
Good Luck
DXY entered a new 3 year cycle. Will it be bearish or bullish?This month's very bullish candle for the U.S. Dollar Index (DXY) is a transition one as it marks the end of the previous 3 year Cycle and the start of a new one. The previous Cycle was basically a neutral one, and it remains to be seen whether the current will be Bearish or Bullish.
The chart is pretty self-explanatory and as you see each Cycle is approximately 39 months in duration. This is a very consistent categorization which is holding very well since late 2001. What can make a difference right now as to what trend the new Cycle will follow, are the 1M MA50 (blue trend-line) and 1M MA100 (green trend-line).
After the 1st Cycle, those two formed a Death Cross (the 1M MA50 crossed below the 1M MA100) and the Cycle that followed was Bearish (ended with a Lower Low). Similarly after the 4th Cycle, a Golden Cross was formed (the 1M MA50 crossed above the 1M MA100) making the Cycle that followed a Bullish one (ended with a Higher High).
Right now we are getting closer to a new Death Cross. Will that mean that the new 3 year Cycle on the USD will be Bearish?
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DXYStarting this week, I will also analyze DXY and NAS100USD!
Because it is the first analysis, I will draw a parallel between the 1-week chart and the 1-month chart, as follows:
DXY is in a strong downward trend and if for 1 week it rejected 3 weeks in a row from the Fibonacci 0.5 area, I expect it to continue the descent to Fibonacci 382!
However ... a close even for a day over the extremely strong area at Fibonacci 0.5, will make me think of BUY to the Fibonacci 618 area from where ... DOWN AGAIN
*** It is a very difficult week with many political events that will create a high volatility in the market and especially on this pair
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION: This pair may be influenced in the short term by any news!
This pair may be influenced in the short term by any newsOur analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
A stronger Dollar isn't out of the question - long-term chartFollowing the chart on the one day, i thought it would be interesting to post the weekly chart.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
DXY Sell SignalPattern: Triangle on 1D.
Signal: Sell as the price got rejected on the 6-month Lower Highs trend-line and right below the 1D MA200 (orange trend-line) which is untouched since May 29, 2020).
Target: 90.700 (a symmetrical zone), also right above the Higher Lows Zone of the Triangle.
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DXY (USINDEX) buying ON DIPSAs we told you in our previous analysis of US INDEX this pair has
a harmonic pattern H & S which already achieve our 1st TP
now it is retesting the support zone and fly till design new TP
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DXY - 🙈 I was expecting.There was not the movement I was expecting.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DOLLAR INDEX Will history repeat itself?Not much of an analysis, more of a post to debate and food for thought.
As you see the current price action on the 1W time-frame since January appears to be forming a bottom similar to that of January - March 2018.
The similarities are that both Bottoms came after a 1D Death Cross (MA50 (blue trend-line) crossing below the MA200 (orange trend-line)). The 1W MACD Bullish (green arrows) and Bearish (red arrows) Crosses are also on an identical sequence.
On the flip-side however, the current red 1W candle is proportionally much lower than any that followed the 2018 Bottom. As a result that causes the RSI to break its (minor) Higher Lows line.
Fundamentally 2018 didn't have multi trillion USD packages inserted into the economy to save it from the COVID pandemic, as those we're having post March. So will the upcoming new stimulus vote alter these multi-year symmetrical patterns, or history will repeat itself?
Recent short-term DXY signal:
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DXY - What Is a Head And Shoulders Pattern?What Is a Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
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DXY Sell SignalPattern: Channel Down on 4H.
Signal: Sell as the price is near the Lower Highs trend-line, replicating the October 15th fractal.
Target: 89.510 (the -0.382 Fibonacci extension).
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