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Dxytradingsetup

DXY- Is this a double top?After reversing from the very strong confluence support at 94.50, DXY made a new high above 97. However, what should have led to continuation proved to be a false break and we have an Evening Start candle formation which marks strong resistance. Yesterday the index also has broken down under the ascending trend liner and now is facing support on what can very well be the neck-line of a double top. A break under this support would give us confirmation for the pattern and could lead to further losses towards 92 support.
CAPITALCOM:DXYShort
by Mihai_Iacob
7
DXY- Up we broke, 100 is in cardsIf you follow my ideas, you know that I'm bullish USD for quite some time, and the market didn't disappoint me so far. Looking at DXY, we can see that after the drop from 2 weeks ago, USD has found strong bids exactly in the confluent support given by the trend line and the horizontal one, and a strong V shape recovery followed. Now we also have an up break of the old resistance and consolidation and the index looks determined to reach 100 psychological figure. The strategy for USD pairs should be to sell rallies for EurUsd, GbpUsd, AudUsd, and NzdUsd
CAPITALCOM:DXYLong
by Mihai_Iacob
7
DXY as I said on last weeks .. DXY still keeps the premises of forming a pattern that it has been following since May 2020! ... as I said in my last analysis ... I will look for SELL per DXY up to around 94,500 because as we show you towards the end of 2021 I noticed a pattern that has formed since June 2020! THIS WEEK... as I said in my last analysis DXY reached the 94500 area from where it strongly rejected! in this area I will wait to see a trend for at least 1 day before entering the trade ... so, - in case of a closure even for 1 day above level 95850 I will look for BUY towards 96400-97.900, otherwise I will look for SELL towards Fibonacci 618 from where UP again towards 97900-98300 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXY- 95.50 is now resistanceAfter consolidating around 6 weeks in a 1.5 points range, last week DXY has fallen under support giving us a strong bearish signal. This drop was stopped by the horizontal 94.50 support and how the index is searching for direction. The incapacity to stay above 94.50 support will be very bad for USD confirming a false break and a lower high in place on the longer time view and also opening the door for losses towards 90 zone. On the other hand, if bulls manage to drive the price back above 95.50 we will have the confirmation for a trend change for USD and we can expect continuation to 100. A good strategy can be to trade the range for USD pairs till clarification.
TVC:DXY
by Mihai_Iacob
1
DXY Hello traders, starting this week I will start doing my weekly analyzes for the year 2022! I wish you a happy and fulfilling New Year as I said on last weeks ..DXY still keeps the premises of forming a pattern that it has been following since May 2020! Just like I told you, DXY is in a very difficult area and even if it can force you and reach the 97480 area ... I will look for SELL in the next period THIS WEEK... as I said in my last analysis ... I will look for SELL per DXY up to around 94,500 because as we show you towards the end of 2021 I noticed a pattern that has formed since June 2020! indeed, DXY went down to the mentioned area from where I will wait for a range and a descent to the Fibonacci 618 and then ... UP AGAIN!! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
1
USD- The REAL moment of truth!Since May's 2021 low, the Dollar Index was very bullish and the price has risen around 8%, but more importantly, has broken above 95 zone very important resistance. After this important break, the price consolidated for one and a half months, but the price lacked continuation and, instead, has broken this consolidation to the downside. At this moment we can't say out loud "reversal", but there are a lot of red flags coming with this development. Technically the index is sitting on confluence support now and the trend remains up so far. However, a clear break under this confluence support would be extremely bearish for USD with the confirmation of a false break and more importantly a lower high in place. If this is the case, Dxy can drop and revisit the 90 zone if not even further
CAPITALCOM:DXY
by Mihai_Iacob
1
DXYThe weekly price chart below shows the U.S. Dollar Index printed a weakly bullish near-pin candlestick last week, after previously rejecting the resistance level identified at 12257 three weeks ago. Note how this key resistance level has held again – in fact, it held just after the FOMC release some weeks ago when it was tested, which may be a bearish sign. While this decline is not enough to invalidate the long-term trend (the price is still well above its levels from 3 and 6 months ago), it is very notable that there is clearly strong resistance here, which is having impact. This suggests that despite the long-term bullish trend, we may now have experienced a major bearish reversal. However, it is also worth noting that the price is now very close to a major support level at 12150 which continues to hold, so we may be seeing a consolidation between 12150 and 12257. Overall, I would not look towards the USD as a key driver for any trades over the coming week.
TVC:DXY
by SmoothJB
DXY Jan 2021 PA and Divergence with Time Speculationas we had analyzed this index earlier in lower time frames (240,D), we are getting more confluences or trend reversal even in the higher time frames of weekly. we can see the price has reached one of its significant support zones and it is diverging with MACD and Its Histogram so forming a Bullish Divergence, which is the sign of trend reversal and we may have more confirmation as Price Action analysis also show that. the TP zone has been Specified by Fibonacci retracement levels and Fibonacci Time base tools. we may have some range and Accumulation at the same Support zone which the price is Currently located or instant trend reversal as USA Administration policies are also changing Due to the presidential Elections or if Washington faces more riot and chaos so does the index fall are reaches the heavy Support zone (Green Box) we can think of shorting the USD Quote Currency Pairs such as EURUSD, GBPUSD, AUDUSD... and long the USD Base Currency Instruments like USDJPY... what do you think about it?
TVC:DXYLong
by BitonGroup
3