USD- Up against the ropesUsd failed to have a meaningful correction to 96, as I initially thought and, after a false break of the trend line resistance is now trading in horizontal support.
The situation for USD in all its major counterparts is not at all "in the pink" and I believe this support will fall next week.
That being said I will look to buy dips on EurUsd, GbpUsd, AudUsd and NzdUsd
Dxysignals
U.S. DOLLAR INDEX Is it about to crack below 90.00?Scary as it may seem, the price action on the recent consolidation, along with the MACD, have formed on the 4H chart a pattern much similar with the April-May sequence that led to the collapse of June and July. The first low before the recent Bottom was made on the 2.618 Fibonacci extension, as seen on the chart. If we apply the same parameters, we get 89.500 as the next target.
Are you betting on a USD sharp sell-off after the U.S. elections?
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DXY- To break or not to break?To break is my opinion...
As I said in my previous analyzes, I'm bullish DXY.
The index has clear support above 92 and at this moment is trading just in trend line resistance. I believe this resistance will give up and will see an upwards acceleration for DXY.
My target is 96 with interim resistance just under 95
Usd should be bought on corrections against its counterparts
DXY- Waiting for bullish confirmationI'm bullish USD on medium-term, and the price action for Usd Index comes to confirm my outlook.
92-92.50 zone is extremely strong support for the index and now we have a false break under the previous low which gives me reasons to expect higher prices.
A clear confirmation for bulls comes with a break of the down trend-line and, as I said in past occasions, DXY could reach 96 resistance
DXY- Would history repeat its self?For 2 months now, DXY is in a consolidation with no clear direction.
I'm bullish USD in the medium term for quite some time and if we look at the last long consolidation from the beginning of 2018 we can see the structures are similar.
If history is to repeat its self we can expect the major pairs to fall and with AudUsd already in a downtrend, UsdCad with clear support and NzdUsd in the final stages of a H&S, here is where I will look for opportunities to buy USD
The last descending wave from Point 2In the daily chart, with the termination of the downtrend in the range of 88.25, the uptrend, which is formed with 5 uptrends, has been confirmed, and extended up to the range of 102.99. in continuation, the price has entered the corrective phase of this uptrend, which currently is in the 5th wave from Point C, it can be extended up to the range of 91.50.
Given this scenario, which is also inconsistent with the analysis of the euro and the pound and gold, we expect an increase in the price of the dollar index, which will cause a drop in the EUR /USD up to the level of 1,000.
DXY - Outlook 17 October 2020 - bullish **short term**Hi all traders,
This is a video analysis for dxy.
As always, i have informed some of the levels that are important towards your trading for dxy.
Hope it helps in your trading.
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Has Us dollar(dxy) strength Resumed?We are currently analyzing a possible inverted head and shoulder which shows a reversal chart pattern that the previous downtrend might has ended and the the former uptrend may resume.
We expect a retracement to the neckline and a candlestick confirmation to trigger the buy order. Target is as shown on the chart and the ideal stop loss should be set below the right shoulder.
DXY- more and more bullishTwo days ago I said that Dollar Index is bullish in my opinion and the recent drop is just a correction before a new leg up.
The marked has confirmed this outlook and now the index is above short-term support.
Sell rallies on EurUsd, AudUsd, NzdUsd and GbpUsd is my strategy for next week
DXY - Outlook 8 October 2020 - Complicating USDHi all traders,
This is a video analysis for dxy.
DXY is gonna be volatile as the US election nears.
but we are also at an important levels where traders could make some pips trading it.
So take note of those levels i have explained in the chart.
hopefully you will take some trade off it and make some pips.
As always, do like and share this video analysis with all your friends.
Follow me on tradingview and leave a comment if u have any questions pertaining to this video analysis.
Cheers and thank you!
DXY (USINDEX) buying from Support Level !!!!Hello traders as we know the DXY has move toward testing a strong support on this retrace after a successful breakout from consolidations mode
bulls are doing great for moving DXY more upside so we decided we will enter on buying orders from the given support level on confirmation and
aiming for higher rewards with low risk push like if you like our idea
DOLLAR INDEX Stuck within the MA200 / MA50. Is this the bottom?Pattern: Channel Up on 4H.
Signal: Buy once the 4H MA50 (which is acting as Resistance) breaks.
Target: 95.30 (the Higher High trend-line of the Channel Up).
Most recent DXY signal:
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US DOLLAR (dxy) to fall to 92.00 region and beyondBased on my Elliot wave count, I started shorting the dollar since 94.70 price region. because it is evident that a new impulse wave as resumed towards the downside.
I am expecting more downpour ahead to a minimum of 92.00.
If you find this analysis useful kindly like and share.
Thank you
DXY to pull back based on the 1D MACD.This is a simple illustration of how the MACD on the 1D chart can give a good signal, at least on the short-term.
As you see on the chart, at least since March 2018, every time the MACD is trading towards 0 following a trend, the price makes a short-term directional change. I.e. when the price is rising and the and the MACD hits 0.00, then the price temporarily pulls back lower. Similarly when the price is falling and the MACD hits 0.00, then the price temporarily pulls back higher.
This is a very reliable indicator as it has only failed to deliver once on March 2020 (when COVID naturally invalidated all technicals).
Are you selling, at least on the short-term, based on this?
P.S. For those who recognize the analysis, this is a repost of the idea below which I published on September 24 and got deleted:
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DXY - Outlook 30 Sept 2020 - Bears or bulls? You decide! =)Hi all traders,
This is a video analysis on dxy.
Currently bears are making some short term waves but do take note of some levels as explain in the video for you.
Click on the video and you will be made known of these levels..
Cheers and thank you!
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Have a nice day!