Dxyviews
DOLLAR INDEX | MONTHLY ANALYSIS#DXY has hit the strong resistance of 103 where a strong rejection candle is in formation.
For above 103, the bullish parallel channel will be active, and the upside target of 115 will be insight. But this 103 level has not crossed since 2002.
For below 103, a correction is due till 99 or maybe more than that.
On a daily timeframe, there is bearish divergence and 99 is insight.
Let us know what do you think of the idea?
DXY(USD INDEX) SHORTS SHORT TERM 📉📉📉Expecting bearish price action on DXY on a short-term basis as pprice rejected a bearish orderblock on the H1, and shifted the market strucutre on the H1 from bullish into bearish.
From a medium-long term perspective i am still bullish on the DXY.
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DXY SHORTS ACTIVE 📉📉📉Expecting bearish price action on DXY on a short-term perspective as price should fill the huge bullish imbalance that was formed on friday due fundamental reasons, there is also a possibility that price will take out weekly highs liquidity and then quickly reverse to the downside.
This perspective is only on a LTF basis, from a HTF perspective DXY is very bullish.
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DXY SHORTS SHORT TERM📉📉📉📉 Expecting short-term shorts on the DXY from this area as price takes out liquidity above the 100$ institutional figure + weekly highs area. VIX should go down STOCKS should go up from a technial perspective meaning DXY has a high probabilty to go down, be mindfull that this in only SHORT-TERM ANALYSIS on the DXY as i am bullish on a mid-long term perspective
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DXY SHORT-TERM SHORTS 📉📉📉 Expecting bearish price action on DXY after price made the breakout from the monthly range, right now we saw a draw on liquidity above 100$ level. From a mid-long term perspective DXY aka USD is very very bullish but from a sohrt term perspective we can catch a risk counter-trend trade from this area right into bearish POI's. 99.000 final targets
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DXY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DXY LONGS 📉📉📉📉 Expecting bullish price action on DXY as we have a lot of liquidity that has been build above the trendline. We are in a bullish market strucutre from a higher timeframe perspective H4/D1 + fundamental context is strongly bullish on DXY because we will have rate hikes this year. Price found a support area somewhere around 98.400 and from there we should go for 100$ if we have enough volatility for this week.
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DXY LONG TERM LONGS 📉📉📉📉 Expecting bullish price action on DXY based on a medium-long term analysis, we are clearly bullish from a technical standpoint if we take a look at the HTF D1/W1. From a fundamental perspective the FED ( USA CENTRAL BANK ) increased the interest rate and they announced that they will increase it more in the following year. For now the price is trapped in a RANGE area that should be taken out the next week
100 institutional figure is very very close for a next week target.
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DXY INDEX TUTORIAL 📉📉📉🎯 DXY - USD Index
USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term perspective.
🎯 DXY has two correlations one of them is positive meaning the certain assets moves like DXY and negative corelation meaning certain assets move exactly vice-versa.
✅ DXY Positive Correlations
DXY ⬆️
USDCAD ⬆️
USDJPY ⬆️
USDCHF ⬆️
USDRUB⬆️
USD XXX ⬆️
✅ DXY Negative Corelations
DXY ⬆️
EURUSD ⬇️
GBPUSD ⬇️
AUDUSD ⬇️
NZDUSD ⬇️
From a technical standpoint to have a better probability in your trades try to find entries when both DXY and for example USDCAD are in long poi (point of interest) this will increase your chance of having profits as you use inter-market correlations