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Dxysignals

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
DXY is pressing higherAfter reaching a high of 97, DXY has started to correct and, after a few days of correction, the index has started to consolidate in a tight 0.5 points range. Now it looks like is pressing to the resistance of this range and a break here could lead to further gains and a new local high. My target for the index remains 100, and traders should look for opportunities to sell rallies in EurUsd, GbpUsd, AudUsd and NzdUsd. A drop under 95.80 could mean that the index has further to correct and expose 94.50 very important support. Overall USD is strongly bullish on medium-term and the safest way to play it is to buy it low.
TVC:DXYLong
by Mihai_Iacob
13
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