DXY is out of the ranging territory USD buyers will be happyDXY manage to break the losing streak from March to August end. From this month DXY has broke the resistance level 94.00 which is comes around .382 Fibonacci retracement level
Broke and retest was happened today This will give some conviction to buy the USD. As EURUSD and DXY tend to move in a opposite direction and today EURUSD is also makes some lower correction
DXY passed some major psychological hurdles such as 92,93,94 and next near-term target would be 95.00. After touching the 92.75 level strong bullish candle was formed. 92.75 level acted as a resistance for the bearish trend
On Elliot wave principal the wave 02 was completed and the 03 wave was underway. Before this impulse wave correction we can see the Elliot triangle waves from A to E
The swing target would be 96.40 which will act as major resistance for the bull. Buyers of the US dollar will be happy enough as DXY manage to move above the ranging territory
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Dxysignals
DXY Trading PlanPattern: Channel Up on 4H.
Signal: (A) Sell as it approaches the Higher High trend-line of the pattern, (B) Buy when it approaches the Higher Low trend-line.
Target: (A) 93.70 (potential -1.10% drop from the symmetrical Higher High), (B) 95.00 (just below the Higher High trend-line).
Most recent DXY signal:
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DOLLAR INDEX Trading plan on Fed DayPattern: Potential Channel Up on 4H.
Signal: (A) Buy as long as the Support is intact (B) Sell if the Support breaks.
Target: (A) 93.90 (right below the Resistance) (B) 91.85 (right above the Support).
*note: Tight SL needed on both ends as the volatility around and after the Fed Rate Decision will most likely be high. We want the price action to stabilize and then comfortably trade to the direction of the Fed aftermath trend.
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dxy - possible upside to continue Hi all traders.
Please take note for dxy.
Currently dxy has slightly broken the trend line but still trading below the 200ma.
On the h1, we are seeing dxy with structure still intact.
As such, as long as structure holds, we should be expecting the 200ma to be broken next week on h4 for more upside confirmation.
However, if h1 structure doesn't hold, we should see dxy continue going downwards.
It remains to be seen, but be prepared of how dxy gonna move next week..
Cheers!
DXY Sell SignalPattern: Channel Down on 4H.
Signal: Sell as the price just broke the 4H MA50 and is approaching the Lower High trend-line of the Channel Down.
Target: 91.35 (Lower Low of the Channel Down).
Most recent signal on DXY:
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dollar shows a bullish reversal patternas we can see from the chart, DXY has an ends the day with an hammer ( in which the lower shadow is at least twice the size of the real body.Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction.
This hammer is seen sitting below an ending diagonal. An ending diagonal is a type of impulsive motive wave in Elliott Wave Theory that will be found in the subdivision of fifth waves or whole C waves in a structure. An ending diagonal C wave or 5th wave commonly shows an obvious wedge shape with an overlapping wave 1 and wave 4. These will subdivide into 3-3-3-3-3.
DXY - bear flag potential // break out of the box rangeHi all traders,
Morning! This is daily updates for dxy.
As you can see from the dxy, we might be seeing a potential bear flag.
If we were to break out of the trend line , we will see potential downwards movement, any further low , previous week low must be broken to further strengthen the bears on it.
As usual, any buy for dxy must be only above DAILY timeframe 200ma or trend line as shown.
DXY Sell SignalPattern: Channel Down on 1H.
Signal: Sell as the RSI and MACD are approaching short-term tops.
Target: 91.90 (internal Lower Low).
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DOLLAR INDEX Buy SignalPattern: Rectangle on 4H within 92.50 - 94.00.
Signal: Buy as the MACD and RSI are ascending and just made contact with their bullish trend-line.
Target: 93.90 (just below the Resistance).
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Long $DXY against 92.50Hello Sophisticated Trader,
Our last analysis was 300+ in gains, now the DXY has found some support and is due for a bounce. Currently, a close back above 93.00 suggests a test of 94.00, oversold conditions also support this and only a close below 92.50 would negate this bounce.
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U.S. DOLLAR CURRENCY INDEX LONG UNLESS WE GO INTO A RECESSION LIVE MARKETS U.S.-Durable goods rebound at end of what was likely a historically bad quarter
* Major stock indexes gain, Nasdaq in the lead * Materials, tech biggest gainers among S&P sectors; Utilities lag * Gold higher; crude, dollar down; US 10Y Treasury yield ~0.59% NE…
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TITLE/DATE BUY DXY/USD
ASSET forex/ dollar (dxy)
Platform-MT4
ENTRY 1 93.48✅ (market execution)
ENTRY 2 92.28 buy limit order
SL 91.98
TAKE PROFIT 1 $94.58
TAKE PROFIT 2 95.58
TAKE PROFIT 3 96.58
TAKE PROFIT 4 97.58
TAKE PROFIT 5 98.58
status- entry 1 active