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Dxytradingsetup

U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bullish candlestick last week, again making its highest weekly closing price in over one year. The price has broken above the level at 12238 which I had identified as key resistance, although the closing price was not high enough to be very confident this resistance has been invalidated. The price is above its levels from 3 and 6 months ago, which shows that a long-term bullish trend in the greenback is present. Generally, these are bullish signs, and are supported by the risk-off market environment being at least somewhat supportive of the greenback. The best strategy in the Forex market over the coming week will probably be to look for trades long of either the USD or the CHF or JPY.
TVC:DXYLong
by SmoothJB
DXY tethering in the balance. We favour the upsideThe dollar index is holding the top of the channel and could break to the upside anytime from here. If in the off case, the macro sentiment changes, the price could break back down into the channel. BULL CASE Our price targets last week of 97.5 stands, price looks good at these levels if you can enter once market opens next week. BEAR CASE If there macro situation clears up and there is clarity on when the fed will raise rates, we should see price drop to 94.2. I'm less in favour of the bear case.
TVC:DXYLong
by IkanBilisCapital
1
DXY- A lot of bullish confirmationsSince 10th November, DXY has become strongly bullish with the index breaking above VERY IMPORTANT 94.60 resistance. If we look at a longer daily chart we can easily see that at this moment we have a major shift of trend and DXY has a lot of bullish confirmations, starting with this break, but also with a double bottom in 90 zone and, after the second bottom in June, a lot of higher lows and a major rounded bottom break. I expect USD to remain strong for the rest of the year and 94.60 is now strong support Rallies in EurUsd, GbpUsd, AudUsd and NzdUsd should be sold
TVC:DXYLong
by Mihai_Iacob
26
DXYDear traders, as I said on last weeks ... DXY went down but did not reach my target in the 93200 area ... and went up again in the strong area from 94250 from where it rejected ... in the next period I will continue to look for an entry on SELL to the mentioned area but any closure even for 1 day over 94300 ... will make me enter BUY up to 96300! THIS WEEK...DXY closed over the strong resistance at 94300 and climbed into an extremely heavy area! even if maybe ... I expect it to go up a bit to 96300 ... I won't enter the trade unless it closes below 95100 this week 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
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ...as I said last week, I will look for SELL on DXY if it closes even for 1 day below 93200 ... but because it did not make it ... DXY went up again to 94200 from where it rejected for the moment! in the next period I will look for SELL again in the 93400 area but at a possible closure even for 1 day above the 94300 level I will look for BUY up to 96300 THIS WEEK...As I was telling you last week, DXY went down but did not reach my target in the 93200 area ... and went up again in the strong area from 94250 from where it rejected ... in the next period I will continue to look for an entry on SELL to the mentioned area but any closure even for 1 day over 94300 ... will make me enter BUY up to 96300! however ... I will rely on the theory of the letter W and will continue to search for SELL 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
7
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ...as I said, DXY went down and hit my lka 93500 target and now ... I will keep looking for SELL up to 92000, at the first close even for 1 day below 93200 THIS WEEK...as I said last week, I will look for SELL on DXY if it closes even for 1 day below 93200 ... but because it did not make it ... DXY went up again to 94200 from where it rejected for the moment! in the next period I will look for SELL again in the 93400 area but at a possible closure even for 1 day above the 94300 level I will look for BUY up to 96300 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
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... DXY reached target 1 which I set from where it rejected to the resistance area of 92600 from here I expect a small retreat and then I will continue BUY to target 2 and complete W Exactly as I said ... DXY has passed target 1 and is heading towards target 2 which complete W,from where it will have a strong rejection to the 93,500 area and from there even to 91,900 ... from where the ascent begins again ... THIS WEEK...as I said, DXY went down and hit my lka 93500 target and now ... I will keep looking for SELL up to 92000, at the first close even for 1 day below 93200 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
9