DXY (USINDEX) buying from Support Level !!!!US index is reached @ very very strong level and now we are buying this on dips with big lots because its a major support zone and now
as we can see US INDEX if hit our SL THEN IT WILL DROP MORE AND WE WILL send new charts for selling this pair but right now we are buying
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Dxysignals
DXY to break supportAs I said over the weekend, I expect 92 support to fall, and if we look closely at the price action in USD major pairs we can see that each and every dollar's attempt to strengthen was sold by bears.
Considering 3 months of consolidation above this support and the fact that the index is pushing and pressing down I expect this break not only to happen but for USD to spiral down in the medium term.
My favorite pairs for buying in this context are: EurUsd, GbpUsd and AudUsd
DXY- A break under 92 means disaster for USD (weekly outlook)For 3 months now, DXY is trading in a range between 92 zone support and 94.50 zone resistance.
Although the 92 support has not been broken yet, USD seems very weak with all rallies being very well caped by bears.
I believe that this support will fall eventually and USD will spiral down to 88 support.
In this context AUD, NZD, GBP, and EUR should be bought against the dollar and I'm looking for a medium-term gain of around 5% for these pairs
DXY Lacks powerFor now, DXY is trading above 92 important support, and although this is an important support USD looks very weak overall.
The price seems to press on this support and we can assist a break soon.
That being said USD is bearish on medium-term and only a break and sustained buying power above 93 would shift things in bulls favor.
Dollar Index- To see range trading92 zone proved to be strong support for DXY and last week the price turned from this zone putting in a nice bullish engulfing from here.
The price corrected the recent up move and now looks ready to challenge the range resistance at around 94.
In this context i will look for selling opportunities in EurUsd, AudUsd, NzdUsd and GbpUsd
DXY Trading planPattern: Channel Down on 4H.
Signal: Sell if the 92.600 Support breaks or near the Symmetrical Resistance. MACD made a Bearish Cross which favors selling already. The 4H MA50 is acting as a Resistance and normally that delivers a new Low (October 06 fractal).
Target: 92.150 (just above the Support).
Recent DXY idea:
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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
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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Thank you and cheers to a great day!
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