Dxyviews
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.
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
Short $DXY against 98.00Hello Sophisticated Trader,
Our long DXY from Last week did go and test resistance. This coming week, the $DXY has seemed to test a double top and is likely to test the bottom back at 96.25. So, I'm looking to short the DXY for a test of the bottom of the current range to find support for the month ends.
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DXY, SHORT for the yearMy whole view for Index is short , there can be a Pullback but it wont last too long , Two zones to sell , please Note >: all the Analysis is Based on FA .
All the mouves that happend in the Stock/Forex Market in the last 4 Months were fundamettaly based ,from QE to keeping Interest rates near 00 untill the end of 2020 , all this is in favor of my short position .
The only thing that can break the analysis is a second wave of Covid , as we know the dollar became as a safe haven .
I/you cant trade Technical is this Environment , TA is worthless for now . i cant be buying a assets if the fundamentals didnt confirm me the buying . even if it is in a Major support zone .
DXY Market Outlook | Forex Market BreakdownDXY
At a make it or break it level. The next couple of days will be really important. I believe that soon we should be seeing some big bullish movement to the upside. We could definitely see a big move to the downside as well is this support level is broken. We need to be extra cautious for fake outs right now.