Dxytradingsetup
DXY- To break or not to break?To break is my opinion...
As I said in my previous analyzes, I'm bullish DXY.
The index has clear support above 92 and at this moment is trading just in trend line resistance. I believe this resistance will give up and will see an upwards acceleration for DXY.
My target is 96 with interim resistance just under 95
Usd should be bought on corrections against its counterparts
DXY- Waiting for bullish confirmationI'm bullish USD on medium-term, and the price action for Usd Index comes to confirm my outlook.
92-92.50 zone is extremely strong support for the index and now we have a false break under the previous low which gives me reasons to expect higher prices.
A clear confirmation for bulls comes with a break of the down trend-line and, as I said in past occasions, DXY could reach 96 resistance
DXY- Would history repeat its self?For 2 months now, DXY is in a consolidation with no clear direction.
I'm bullish USD in the medium term for quite some time and if we look at the last long consolidation from the beginning of 2018 we can see the structures are similar.
If history is to repeat its self we can expect the major pairs to fall and with AudUsd already in a downtrend, UsdCad with clear support and NzdUsd in the final stages of a H&S, here is where I will look for opportunities to buy USD
DXY-Trendline and 93.00 resistance aheadDXY
Due to the stimulus talks sluggishness has caused the DXY to reach the current bottom level and broad risk on mode helps the other major currency pairs against greenback but DXY has managed to re bounce from 92.477 And reached the upper side of the trend line and today DXY firmly broken the trend line too and 93.000 will act as major barrier for the bull. DXY is currently in consolidation phase we can expect strong bullish run in coming days
The last descending wave from Point 2In the daily chart, with the termination of the downtrend in the range of 88.25, the uptrend, which is formed with 5 uptrends, has been confirmed, and extended up to the range of 102.99. in continuation, the price has entered the corrective phase of this uptrend, which currently is in the 5th wave from Point C, it can be extended up to the range of 91.50.
Given this scenario, which is also inconsistent with the analysis of the euro and the pound and gold, we expect an increase in the price of the dollar index, which will cause a drop in the EUR /USD up to the level of 1,000.
DXY - Outlook 17 October 2020 - bullish **short term**Hi all traders,
This is a video analysis for dxy.
As always, i have informed some of the levels that are important towards your trading for dxy.
Hope it helps in your trading.
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Short DXY below 93.30Hello Sophisticated Trader,
This week the Dxy gave up all its gain with a solid bearish candlestick. The uncertainty, bailout, and printing of money out of nowhere seem to be beginning its effect on the market, especially this close to the US election. Technically, today's close below the 50 MA, the crossing of the MaCd down, and RSI pointing down on a daily chart, all indicate another leg lower to potentially test support.
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Dr. Lydia Smith
DXY - Outlook 8 October 2020 - Complicating USDHi all traders,
This is a video analysis for dxy.
DXY is gonna be volatile as the US election nears.
but we are also at an important levels where traders could make some pips trading it.
So take note of those levels i have explained in the chart.
hopefully you will take some trade off it and make some pips.
As always, do like and share this video analysis with all your friends.
Follow me on tradingview and leave a comment if u have any questions pertaining to this video analysis.
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DXY - Outlook 30 Sept 2020 - Bears or bulls? You decide! =)Hi all traders,
This is a video analysis on dxy.
Currently bears are making some short term waves but do take note of some levels as explain in the video for you.
Click on the video and you will be made known of these levels..
Cheers and thank you!
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Us dollar Massive fall aheadThe Us dollar index shows all possibility for a fall in price at it is currently around our confirmation region for a sell.
We expect a breakout of this level to pave way to more down side.
Target and invalidation level is as shown on the chart.
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DXY 200 points run has completed 92.75 to 94.75DXY
After the 200 point run from 92.75 to 94.75 its gave back some of the earlier gains. And reached 94.16 today. And reached the downside trend line which is drawn from September 09 low 92.70
We have observed that DXY tend to move from 92.75 93.75 94.75 levels in upcoming days will update about the market reaction from this levels
After reaching the 50% Fibonacci retracement level its started to slowing down. I think today bearish run is a short term correction. If the trend line got broken then the downside target would be 94.00 comes around 61.8% Fibonacci level and key psychological level. 94.00 is acted as resistance for DXY Since July 28 and the level is broken on 22 September and stayed above this level
If the DXY is remain well above 94.00 means the bull is still have a major control here. Negative risk sentiment causes USD,JPY to rise thus DXY got some major boost and in recent days the equity markets around the world seen some kind of September selloff. The investors remain worrying about second wave of COVID-19 infections and the Possibilities of No deal BREXIT and the upcoming United states of America presidential election
Today weak momentum in USD is caused by the relative strength of GBP and CAD though its contributed meager amount in basket of currencies against greenback. Today XTIUSD also got some major bid as tits traded well above the 40.00 level. And the equities are starting the week with solid gains thus its makes the USD less attractive
Currently DXY is trading below the 50 Exponential moving average and above 100,200 EMA
On Elliot wave theory The minor waves are completed from 92.75 to 94.75 and currently its forming a minor ABC correction waves. After the completion of c wave we can expect another 1-5 wave formation
DXY has reached the lower region of the Bollinger bands and we can expect minor rebound from this level. If the price got some major rejection around 94.60 then it will form a clear Head and shoulder pattern and selloff will happen
RSI has reached oversold area and showing some signs of rebound towards 50
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DXY - Outlook Sept 27 Sept 2020 - Bearish or Bullish? Hmmmm~Hi traders,
This is a video analysis on dxy,
Take note of all these levels i have explained in the video.
I have also attached the 23 Sept dxy video analysis which is still valid. There are some levels that i have explained then, and now it's still true and holding rather well.
Cheers!
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DXY - outlook 23 Sept 2020 - Buy biased but be wary!!!HI all traders.
This is a video analysis on dxy.
DXY is actually on the upside for now, but be wary that dxy is still a downtrend for now.
There are a few levels that i have pre-warn within the video for traders to take extra note on it.
Do take extra note on this because dxy usually will affect most of the usd pairs movement. Especially for EURUSD.
As always, hope you like this video analysis.
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DXY is out of the ranging territory USD buyers will be happyDXY manage to break the losing streak from March to August end. From this month DXY has broke the resistance level 94.00 which is comes around .382 Fibonacci retracement level
Broke and retest was happened today This will give some conviction to buy the USD. As EURUSD and DXY tend to move in a opposite direction and today EURUSD is also makes some lower correction
DXY passed some major psychological hurdles such as 92,93,94 and next near-term target would be 95.00. After touching the 92.75 level strong bullish candle was formed. 92.75 level acted as a resistance for the bearish trend
On Elliot wave principal the wave 02 was completed and the 03 wave was underway. Before this impulse wave correction we can see the Elliot triangle waves from A to E
The swing target would be 96.40 which will act as major resistance for the bull. Buyers of the US dollar will be happy enough as DXY manage to move above the ranging territory
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