DXY- A clear falling wedgeSince the beginning of May, USD was weak and dropped again under 90 figure.
However, the drop is not impulsive and the lows are marginal, forming a falling wedge on the lower TFs.
A break of wedge's resistance could lead to acceleration to the upside and we finally can have a correction on usd pairs
Dxysignals
DXYas I said on March 21 ... 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!
...even if it climbed to the Fibonacci 786, DXY continues its downward trend we were talking about and will reach the Fibonacci zone 0.382 where it is a very strong area ... and even if it rejects and rises again to the 91,950 area ... the trend is in continue to descend!
THIS WEEK...as I said last week DXY rejected from Fiboinacci 382 and closed under Fibonacci 0.236 from where ... even if it will go down a little to the area 89.800-89.300 I think it will start an ascent and will form a W
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
Our analyzes have an accuracy of over 92% in the last 5 months
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 Sell SignalPattern: Channel Down on 4H.
Signal: Sell as the price reached the 4H MA100 (green trend-line) which previous formed a Lower High on the pattern, while the RSI is on its Resistance Zone and the MACD about to make a Bearish Cross.
Target: 89.700 (just above the Support and the 1.236 Fibonacci extension).
Most recent DXY signal:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala
--------------------------------------------------------------------------------------------------------
It's All About The Dollar StoryThe chart you see above is the Dollar monthly chart showing the last 40 years..... As you can see, the last 3 times we got a cross of the Orange 21EMA & Blue 50EMA, we saw a drop in the dollar for 5 years, followed by another 5 years of sideways action for a total of 3650+ days. You'll also notice we have plenty of room to push further down on the RSI, MACD, and momentum indicators. I personally think history will repeat, this last dollar pushes up is temporary IMO and will continue to plunge throughout 2021 and beyond.
I've seen many say they believe the dollar will die of strength rather than weakness, but I personally do not agree with that sentiment. I've posted about the dollar a few times in the past and I've continued to hold my bearish outlook on the dollar for several years now. From a fundamental perspective, the dollar will continue to weaken as long as the FED continues to print us into oblivion. Even if we stop, we'll likely only see temporary strength IMO. Overall, the strength we've seen in Stocks, Gold, Silver, Bitcoin, and the crypto markets shows the weakness of the Dollar, and I believe this will continue throughout 2021. It's possible we see a bounce, but unless we see a large push back above the moving averages toward the 95 level we should expect further weakness from the dollar.
Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.
You can click the charts below to see my previous 2 Dollar charts from last year.
DXY weak below the 91.435 Resistance and 4H MA200The U.S. Dollar Index (DXY) has been rejected multiple times on the 91.435 Resistance since April 21. This is a sign of weakness on the short-term which may jump onto the long-term too is the 4 month Higher Lows Zone (green) breaks, in which case the target will the the February 25 Low of 89.680. With the MACD on an aggressive Bearish Cross, rejected also on the major zone, as long as DXY is trading below the 4H MA200, the sentiment is bearish.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView
--------------------------------------------------------------------------------------------------------
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
Friends Dont forget to push like and comments it will be a great love and support for the channel
Friends Follow us for more updates
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:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23
--------------------------------------------------------------------------------------------------------
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:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23
--------------------------------------------------------------------------------------------------------
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.
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> hujianghua
--------------------------------------------------------------------------------------------------------
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?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala
--------------------------------------------------------------------------------------------------------