Get started

Dxytradingsetup

20 REASON FOR SHORT DOLLER INDEX1 Structure analysis time frame DAILY 2 target time frame :DAILY 3 Current Move : IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BEARISH 4.2 entry move : RETRACEMENT 5 Suppot resistence base : H1 ORDER BLOCK BLOCK 6 FIB: DISCOUNTES AREA 7 candle Pattern: MOMENTUM ENGULFING 8 Chart Pattern: RISING WEDGE BREAKOUT 9 Volume : DRIED 10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS 11 Volatility measure bollinger bands: POSSIABLE DIVERGENCE MOVE 12 strength ADX: BEARISH 13 Sentiment ROC: STRONG BUT ITS A DAILY CORRECTION 14 final comment : GOING DOWN FOR A FINAL TARGET 15 : decision SELL 16 Entry: 110.540 17 Stop losel: 111.090 18 Take profit: 108.260 19 Risk to reward Ratio: 1:4 Excepted Duration : 4 DAYS
ICEUS:DX1!Short
by Optimum369
DXY remains extremely strongIn my previous DXY analysis I said that 113 should provide strong resistance and a drop from here is probable. Although we indeed has a drop, this was short-lived and didn't reach my 110 target and reversed from the ascending trend line indicating that bulls are not done yet. Now the price is again close to this resistance and the Morning Star candle formation combined with yesterday's Pin Bar gives us an indication of upside pressing and imminent upbreak. Confirmation for this bullish outlook comes with a break above 113 and, considering the 400 pips base of the symmetrical triangle, the target can be around 117. A break under recent low would put a pause in this bullish scenario.
CAPITALCOM:DXYLong
by Mihai_Iacob
4
DXY: UNDER THE RISING WEDGE.Hello traders, I hope you all are doing good. Here's an update on DXY (the US Dollar Currency Index). I hope this idea will be helpful for you all. Time frame: 1 Day. Update: The US Dollars Index has been outperforming for a pretty long time. As you can see in the chart, a beautiful rising wedge pattern has been respectfully followed throughout the year. Till now, this pattern has not been broken down but we can clearly see that the DXY is under the rejection zone. It has been continuously falling down for the last 6 days and according to the analysis, it must reach down to the lower support level at 108 for a proper pattern. The interesting thing to notice will be whether DXY will hold the support or will it break down below the lower trendline. Well, time will tell that part of the story and for now we better focus on the red candles forming on DXY. If DXY shows rejection till the lower trendline, we can expect the market to show some greens but we better be careful and take our trades wisely. I am signing off for now. Trade safely until we meet again. Thank you for all your support.
TVC:DXY
by Dexter_The_Trader
2
dxy where is the dollar going!we are at a very very key area right at this bullish order block on the 4hr dxy needed to pull back to in order for it to be the next leg up only if it holds of course but this is a area you want to watch if your trading and dxy pairs could be giving entries on a lot of pairs for a medium to long term swing a break below this level can show bullish ness in dxy pairs but once again the trend is up so it has to show us bears are in control by break that green area which i dont see after a major pull back that size with no news i would love to see the bulls take control soon but this is the 4hr so we have to wait for some more closes showing rejections at this level
TVC:DXYLong
by wolf_pack
$DXY - It has been my best friend for while...$DXY - It has been my best friend for while... We have a saying in trading: The trend is your friend until it breaks! We reaching key areas, my longer term target if we break above 110 areas next 120 IF we get there. I do really like to keep an open mind to either direction. However, we had a large pull back this morning which makes sense to have. Keep an eye on the key areas we at break above or below shorter term and longer term the big question is - Is this a pattern brewing of a rising wedge to have a pull back medium term? Things to keep in mind are the key fundamental data we had FOMC yesterday dovish and 75 hike it was expected the slimmer chance weeks went by of 100 and that did sound like a joke imo. However, we pulling back FX Majors check HT as it really key and we entering near end of month as well. Remember: Follow your own trade plan, it will make you very successful. TJ
ICEUS:DX1!
by Trade_Journal