DXY - Bullish outlook Hi all traders,
This is a video analysis on dxy.
FOMC is this week, so please trade safe.
I have pre-warn some of the levels within dxy, so please take extra note on it and trade safe as always!
Follow me on tradingview
Like and share this trading idea with your friends
Hope you like this video analysis on dxy.
Cheers!
Dxytradingsetup
DXY - bullish biasedHi all traders.
For dxy, it seems like it has broken above the major trend line on the daily which will also signal the strong possibility of usd strength
However, we still have an important resistance that we need to break 93.90.
If this level is broken, we should continue to see the strength of dxy towards the next blue trend line before any bears appear.
If 93.90 is tested multiple times and yet still fail, we should see bears continuation.
Follow me on tradingview
Like and share this post with your friends.
**Disclaimer: All trading ideas are of my own personal view**
Cheers and thank you everyone!
dxy - possible upside to continue Hi all traders.
Please take note for dxy.
Currently dxy has slightly broken the trend line but still trading below the 200ma.
On the h1, we are seeing dxy with structure still intact.
As such, as long as structure holds, we should be expecting the 200ma to be broken next week on h4 for more upside confirmation.
However, if h1 structure doesn't hold, we should see dxy continue going downwards.
It remains to be seen, but be prepared of how dxy gonna move next week..
Cheers!
DXY - bear biased Hi all traders.
For dxy, im still viewing the market as a major downtrend
As of now, im viewing it as a possible descending triangle
Most probably we might see some retracement happening within the triangle then further downside
Once support is broken, then we should see continue selling on a long term.
Cheers!
dxy - short still intacthi all traders.
Morning!
As shown in the chart, the bear flag is still intact
And so far, we have seen signs of bear defending the area as shown in the callout box
If there's any break out of this bear flag, we should continue to see this dxy to continue going downwards.
Cheers!
DXY - bear flag potential // break out of the box rangeHi all traders,
Morning! This is daily updates for dxy.
As you can see from the dxy, we might be seeing a potential bear flag.
If we were to break out of the trend line , we will see potential downwards movement, any further low , previous week low must be broken to further strengthen the bears on it.
As usual, any buy for dxy must be only above DAILY timeframe 200ma or trend line as shown.
Long $DXY against 92.50Hello Sophisticated Trader,
Our last analysis was 300+ in gains, now the DXY has found some support and is due for a bounce. Currently, a close back above 93.00 suggests a test of 94.00, oversold conditions also support this and only a close below 92.50 would negate this bounce.
Like, Comment, and Follow.
Let's Make Money Together!
Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know to be a profitable trader.
U.S. DOLLAR CURRENCY INDEX LONG UNLESS WE GO INTO A RECESSION LIVE MARKETS U.S.-Durable goods rebound at end of what was likely a historically bad quarter
* Major stock indexes gain, Nasdaq in the lead * Materials, tech biggest gainers among S&P sectors; Utilities lag * Gold higher; crude, dollar down; US 10Y Treasury yield ~0.59% NE…
DROP A COMMENT, LIKE. OR FOLLOW IF THIS HELPED, FEEDBACK IS ALWATS APPRECIATED
TITLE/DATE BUY DXY/USD
ASSET forex/ dollar (dxy)
Platform-MT4
ENTRY 1 93.48✅ (market execution)
ENTRY 2 92.28 buy limit order
SL 91.98
TAKE PROFIT 1 $94.58
TAKE PROFIT 2 95.58
TAKE PROFIT 3 96.58
TAKE PROFIT 4 97.58
TAKE PROFIT 5 98.58
status- entry 1 active
DXY - BIG MOVESPreviously at the marked level of support price shot up through a level of resistance and all the way to the second level of resistance
I anticipate the same thing happening again.
I placed a buy last week and price shot up only to come back and test support BUT i see price shooting off again to the moon
DXY Q3 Forecast in my Opinion.Weekly - 1st week of June the market shorted through a strong support level with no retest.
Daily - Market is retracing in a corrective manner. Investors moving money to safe havens like Gold and Silver.
4HR - Market is discretely in an uptrend and expecting a push towards 98.00
1HR - Watching for how the market reacts around 98.00 and the 68 fib level.
REMEMBER ITS NOT ABOUT THE LEVELS ITS HOW THE MARKET GETS THERE!