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Dxysignals

#DXY,End of trend?Because the pattern created on the dollar this week will be critical. As you can see in the last weekly candle, he created an inverted hammer that usually comes to announce a trend ending so it will be confirmed the upcoming candle should be red. The dollar's inability to break resistance at 98.3 for the third time is a sign of weakness. And with all that, one cannot ignore the technical signs that still point to the dollar's upward trend. Our signal is a sell with a target of 97.3 in case the dollar breaks the 98.3 then the signal is canceled!
TVC:DXYShort
by xosignals
#DXY Analysis for this week +Signal We like to start with a review of the dollar at the beginning of the week to get a direction regarding the major currencies. So we have here almost the same model as last week, again after meeting with the moving average 200 dollar line coming back up. The dollar is still stuck between the support line 95.4 and the resistance line at 97.4, and if going into detail it seems that the average moving line 200 is used as strong support for the dollar already several times. The dollar is still on the rise Target: 98.3
TVC:DXYLong
by xosignals
2
The #dollar will determine the trend #DXYPlease note the graph above: The dollar returned to the range between support for 95.4 and resistance at 97.4. In a normal situation, the recommendation is buying close to the support line and selling close to the resistance line, but not on this case as you can see that every time the dollar touched the 200 moving average line (yellow line) is back to rise and it can not be ignored. In a typical scenario, the dollar will return to 97.4 in the first stage and in the second stage will rise to 98.3 In the scenario that the dollar falls below the average moving average 200, you can see this analysis as canceled
TVC:DXYLong
by xosignals
1
ood indication of other major currencies #DXY#DOLLARLike every week, we try to analyze the dollar first so that we have an understanding of everything else. On April 22 the dollar made its breakout after six failed attempts but stopped very quickly (usually in the event of a breakout we expect long rallies to continue), its fall stopped just in support and this morning the dollar is rising slightly. The most likely scenario is: the dollar is returning to the upside and bypassing its previous record. The less likely scenario the USD continues to fall and breaks support and then its next target will be Area 95.
TVC:DXYLong
by xosignals
Where does the #Dollar go from here? #DXYWe analyzed the dollar last week and left the same sentence on the graph above, the only change is the question mark that became an exclamation mark, this is the reason: The dollar broke serious resistance and so we thought that this is now the dollar is going to rise upwards and then suddenly there was a drop then we did not know whether this decline shows that it was a false alarm or not, as you can see the dollar returned very quickly to rise upwards and so it will continue in the same direction in the near future !
TVC:DXYLong
by xosignals
What is the next target of the #Dollar?We try to analyze the direction of the dollar at the beginning of the week to get ideas on other currencies. As can be seen in the graph above, the dollar breached the resistance last week after six unsuccessful attempts and after it remained stuck in the middle between 95.49 and 97.67 since November. That resistance breaks out after a while and after a long period of time, it should lead to serious increases. The next target of the dollar is 100.30 Buy DXY: Entry Price: 98.10 Take profit: 100.30 Stop Loss: 97.40
TVC:DXYLong
by xosignals