US DOLLAR INDEX (DXY) IS AT A MAJOR CROSSROADS Very important period for the dollar index (DXY) which is at a crossroads after having tapped already 3 times, both the bullish, and the bearish trendlines.
Decisive weeks.
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Dxysignals
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!
US Dollar NEW sell opportunity
We expect a fall in price as shown on the chart, this should be the beginning of a bearish impulse move. Because ,we were able to count the double combo elliot wave corrective structure.
targets and invalidation level is as shown on the chart. Goodluck.
DXY - outlook 23 Sept 2020 - Buy biased but be wary!!!HI all traders.
This is a video analysis on dxy.
DXY is actually on the upside for now, but be wary that dxy is still a downtrend for now.
There are a few levels that i have pre-warn within the video for traders to take extra note on it.
Do take extra note on this because dxy usually will affect most of the usd pairs movement. Especially for EURUSD.
As always, hope you like this video analysis.
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Thank you and cheers!
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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US Dollar New sell opportunity We expect a fall in price as shown onthe chart, this should be the beginning of a bearish impulse move.
targets and invalidation level is as shown on the chart. Goodlcuk,
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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DXY Very bullishDollar looks very bullish at the moment, wait for confirmation of a upcandle 4 h timeframe
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 - short / bear flag!Hi all traders,
DXY is still showing weakness
Have broken out of the flag n heavily rejected
as such, continue to sell dxy.
dollar still ready to go bullishAn update on dollar index.
we have been experiencing some sideways corrective structure, we expect a break out to the upside soon
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.
