Dxytradingsetup
DXY- And up we brokeAs I argued before, DXY is in a bullish trend for some months now.
Yesterday the index has broken above resistance and the road is clear to 95 zone.
Sell rallies for EurUsd, GbpUsd, NzdUsd and AudUsd is my strategy
DXY (Dollar Index) Short With 99% of Success !! (UPDATE !)Hello Traders,
As we can see, We are Now at the End of the Wave D, The Price make an Extended Wave (Ending Diagonal), We have Divergence at the MACD as shown, so now we're targeting the final wave (E) that give us a potentiel 99% of short position.
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DXYPrice corrected towards a resistance zone and now breaking out the pattern. Will be looking to sell now.
DXY Price is moving bearish for the moment but will it continue bearish or will it reverse and go bullish? Would like to hear what you think.
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DXY Price is correcting from an impulsive move. If you didn't enter before the market will surely give you a chance to enter.
DXYPrice is corrective right now, but l predict an impulsive move to the upside will occur. I'll be looking to be bullish on USD pair's. And with interest rate later on today l predict price will rise.
DXY to push higherSince January low under 90 figure, DXY has traded higher confirming this low as an important one.
Also, since June, the price action is very constructive putting in higher lows on our daily chart.
At this moment DXY is trading again in resistance zone and there is a high probability of a break here in the next few days.
95 zone is my target for the index
DXYPrice seems to be correcting forming a reversal pattern. With CPI coming later on l'd be cautious with my trades.
DXYPrice formed a double top on a resistance zone, this confirms that the dollar will weaken. Short term or long term is the question?
DXY ANALYSIS FOR NFP THE NON-farm pay roll will impact on the dollar so this is my own projection and analysis for the dollar.
support/deman zone for order block formed.
Let's await NFP ,so all XXX/USD may experience Bearish movement!
Not a financial adviser, just an analysis for NFP.
DXY Daily charts.DXY has hit the bottom of the channel, apparently in my opinion, the market will respect the channel support, and we can look forward, retaining its upward trend. However, it is a risk I am happy to take, for a BUY trade.
DXY: UPDATE FOR THIS MONTHDollar index performance for this month.
expect for bearish target Imabalance daily
DXY- Higher low in place?As I said a few days back, I expect a break above resistance in DXY's case.
As normal, after touching resistance, Dollar Index corrected some and, at this point, we can have a higher low in place.
Confirmation for bulls comes with a clear break above and a drop under 92.50 invalidates the bullish scenario
DXY- Will it break?Since the recent 89.50 low, USD Index is trading upwards, putting in higher lows on our chart.
At this moment DXY is facing resistance at around 93 and a break looks imminent.
If we indeed will have this break, 95 is the next target.
This outlook is valid as long as the price stays above the recent low
Selling EurUsd, GbpUsd, AudUsd and NzdUsd can be a good idea
DXY SellWill look for shorting opportunity in case of a breakout to the downside on the lower timeframe.
Bullish momentum is still intact look for sell only in case of a breakout.
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Good luck to you!
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Stay tuned.
This is just an idea, not financial advice.
DXY short term bearishHi there,
DXY is setting up for an ABC correction to prepare for next move higher, Look for sells now on dxy to prepare for buys on long term.
Good luck
DXY- 95, a good target for bullsIn the past 2 weeks, DXY consolidated gains, just under local 92.75 resistance.
I expect a break from the Index and swing trader can target 95 zone for their long positions.
Dxy to break resistanceYesterday's drop to 92 support was bought and now USD Index is trading in 92.50 resistance zone
I expect a new leg up and the target is 93.50
