DXY LONGS 📉📉📉Expect bullish price action on this currency pair as price takes out liquitiy below 96.000 and closes above, we are in a bullish market structure on a HTF and should expect 97.000 to be hit soon.
What do you think? Comment below..
Dxyviews
DXY Chart on H1Here is my view for DXY Chart on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY Idea on H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY Idea H1Here is my view for DXY on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXYExpect to continue the correction up to 50% move before the point of contact with the uptrend line
DXY (Dollar Index) | The last point to fall🚧Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index completely broke our previous analysis point in Fibo 0.88.
And if this point is broken, we were supposed to consider this wave as wave 5, but from what we have examined, the most logical case for this wave is wave 4.
But this time we considered it not in the form of twin zigzags but in the form of irregular flats.
And the last chance to consider this wave as a correction will be Fibo 1.27 for wave b of the plate, and if it breaks again, we will say for sure that these waves were impulses.
Because the ratio of a and c waves will be very unusual.
In general we will expect to climb to the specified point and then descend for wave c .
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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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
DXYEven though US CPI was bad, price still seems to have bullish momentum. Will be looking for buying opportunities.
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 theoryMy first Idea, a theory as advertised..do with it as you will. higher time frame shows price action in the process of the left shoulder of head and shoulders pattern(as every short idea will let you know but can be seen on daily chart) . once price breaks out of wedge the short term direction will be clear(although more room for the downside than upside).. if miracles happen and it completes the head and shoulders with the explosion of price(bearish) means a long position on quite a few forex pairs and commodities would be favourable. naturally the way you play this depends on your strategy, if you are cautious and reactive wait for the scenario to play out then make your move(bearish price movement below wedge should peak your interest) or predictive/pro-active if you are feeling risky and getting in/off of left shoulders is your thing then do it. im posting this on a friday so i expect some dollar bullishness when the market closes as i am currently seeing that while typing this, so wallstreet and market makers can give themselves hi 5s and pats on the back whilst chanting in unison "U.S.A!" for as they enter the weekend so they can enjoy their weekends as mortals do before they turn back into sharks when the market opens.
some additional info if you need it would be wise to use dxy as a confirmation for your trades, if you love trading gold as I do..if the dollar is weak then buying gold is a sure fire way to gain some net(profits). dollar strength or weakness makes many pairs strong or weak regardless of whether the usd is used in the trade or not due to America being a greater influence on the world other than their currency being the biggest baddie in the entire prison. if you are purely a technical trader then analyzing the dollar would be closest you get to fundamentals as possible, if you have some favourite forex pairs take some time to see how it reacts to the price action of the dollar. the most notable pairs that i take note of is gbpusd,usdjpy and usdcad as they love moving with the dollar
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DXYPrice was dropping since Wednesday, but the move was more corrective then impulsive which confirmed to me that price is still in an overall bullish trend. And PPI will be released in less than 30 minutes, the result will surely have an impact on the market.
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 Last week we saw a breakout of previous yearly high on the DXY. We might see a new lower high before continuation of bullish trend or a rejection around the marked resistance zone and a shift of market structure.
