Dxytradingsetup
DXY create Bullish Pattern Dollar create bullish pattern, Now dollar create double bottom in trend support line, In last July dollar create a top in 109.7 Now i anticipate dollar will create another top in 110.8 range!
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions.
DXY, Following Whooping Rate Hikes..Fundamental View:
DXY is at critical point i.e 109. It has reached
ATH after 20 years. In 2002, we saw DXY at this
zone.
DXY intends to break 109 zone as inflation is
at it's peak, whooping 75bps and rumours of
insane 100bps rate hike, positive NFP and also
fear of recession causing extreme panic in the
market. Investors are selling everything just to
remain only in SAFE HAVENS.
Technical View:
DXY is at strong multi years rejection zone.
We can clearly see DXY is trapped in Bearish
Flag inside Bullish Channel.
Price has finally travelled gradually up to reach
upper trendline of Bullish Flag after 20 years.
Q3 might be the breaking point of 109 zone only
if fundamentals are strong otherwise TAs are
extremely against further incline of Dollar.
If it breaks above then God knows what brutality
it might bring on to us. We have already witnessed
crashes for past several months but We might see
Mother of Crashes soon of Dollar keeps on strengthening.
Feel free to share your opinions as well:)
dxyThinking we finally have a 5th wave top in here, I was expecting $106.60 to be the final blow off top and that is still on the table. But as for now the ABC correction seems to have started. If this move proves to be yet another extension I would expect $106.60 plus to get tested b4 the predicted correction ensues.
ICT ATM METHOD DXY!!!!!!!ICT ATM METHOD!!! short term high ran and rejection giving you the confirmation of the short, well look for this to reject inside the ob 104.900 and take out the local lows liquidity 103.400.
Price reaches the low ob+fvg 102.650 prior to running the sell side liquidity well monitor this for a potential area where we see a rejection (pray this doesn't happen) and if so well look to take profit and cut our positions.
HOLY GRAIL if price seeks the sell side liquidity 101.300 then we can really set our selves up for some relief.
WE STAY CALM AND COLLECTED, LET THE MARKET COME TO YOU AND EXECUTE LIKE A BOSS!!
Will DXY break above very important resistance?(long term view)Since 2015, USD Index is trading in two ranges: one between 92 and 100, and the large range boundaries, between 90 and 104.
After a strong and clear break in mid-April of 100 resistance, DXY has accelerated its gains and now is trading exactly under 104 resistance.
If you also look at the daily chart you can see that a small triangle is forming under this resistance, giving us the idea that a break up is imminent.
I expect another 10% rise for DXY to around 115 and only if the index falls back under 100 I will change my very strong bullish outlook for the Dollar
DXY(USD INDEX) SHORTS SHORT TERM 📉📉📉Expecting bearish price action on DXY on a short-term basis as pprice rejected a bearish orderblock on the H1, and shifted the market strucutre on the H1 from bullish into bearish.
From a medium-long term perspective i am still bullish on the DXY.
What do you think ? Comment below.
DXY- Correction round the corner?I'm bullish USD for quite some time and my 103-104 zone target was just hit.
Although I will remain bullish in the long term, at this moment I believe a correction will follow.
Looking at the monthly posted chart we can see that DXY is trading in a very strong resistance zone, market by 2017 and 2020 highs.
That being said, a drop to 100 is very probable for the index.