DXY DOWNDXY formed into Double Top pattern .A pin bar occurred on top and this pin bar strong because previous two two pin bar on top worked successfully.Expecting a small lower move in respect of DOUBLE TOP.
Dxyviews
DXY Market Outlook | Daily Forex Market BreakdownDXY
Looking like the bulls are still in control. I believe that this current pull back is a just a retracement before we push back to the upside. I believe we should push up above 100 very soon.
US Dollar Index - Market ShiftMarket Shift has occurred on the DXY during the last quarter of 2018 with equal lows at 93.20 being run to take out short stops. A retracement higher throughout 2019 saw price struggle to move higher to the 100.00 round figure number.this being 61.8% retracement of the previous swing. We had a entry confirmation on the SAR and ADX confirming to go short with a pivot a 96.00 level.
My first Target is below the 88.50 level as this is location where a large number of short stops are placed (Liquidity pool). Any traders long from the 80.0 level would have move their stops below this swing low at 88.50.
Price will want to sweep through this area to take out long positions.
My second target is into the 79% fib as this aligns with an order block and test the top of the previous range at the 84.00 level.
What does this mean for all USD pairs?. We should sell off over the next 6 months to a year, for all Forex pairs that have a quote currency as USD.
sell DXY as long as coronavirus is a problemNegative coronavirus news is bad for the DXY but good for our bank accounts
Sell. Tp is in the zone highlighted. Would hold a sell for longer as long as cornavirus is a problem is the US
SELL DOLLERDXY started to move down continuously . Now it is targeting fibo 50 level on 4 hour tf. After channel break on 15 minutes it would be best for go short.
DXY FALLINGChart is down trend . Price is about to hit the third retest. Making a falling setup of Doller. After successfully channel break at down i sell.
dxy last push expectedpersonally, I expect a last push for the DXY. it will hit the major suport-zone above the highlighted green area. After the resistance zone we can expect downside movement with a possible BRC (break - retest - continuation) with the end-race at 92.00
dxy approaching keylevel 99.40 - 99.50
since February of 2018, we see a bullish movement of the dollar currency index. we are approaching the level 99.40-99.50 level which has
a history of support and resistance. the bullish move of dxy turned the EURUSD to the new lows. we are at the point where we can expect a reversal.
short term bias: LONG
Year bias: Short
DXY bounced from support, potential for a further rise!
DXY bounced off 97.71 where it could potentially rise further to 98.30.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY potential reversal!
DXY expected to rise up to 1st resistance at 98.3 where it could potentially react off and drop down to 1st support at 97.71.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY reversed from resistance, potential drop!
DXY reversed off its resistance at 98.16 where it could potentially drop further to 97.68.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY reversed from resistance, potential drop!
DXY reversed off its resistance at 98.02 where it could potentially drop further to 97.68.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY bounced from support, potential for a further rise!
DXY bounced off 97.40 where it could potentially rise further to 97.83.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY bounced from support, potential for a further rise!
DXY bounced off 97.55 where it could potentially rise further to 97.88.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY bounced from support, potential for a further rise!
DXY bounced off 97.55 where it could potentially rise further to 97.88.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY bounced from support, potential for a further rise!
DXY bounced off 97.11 where it could potentially rise further to 97.56.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY potential reversal!
DXY expected to rise up to 1st resistance at 97.85 where it could potentially react off and drop down to 1st support at 97.10.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY potential reversal!
DXY expected to rise up to 1st resistance at 97.50 where it could potentially react off and drop down to 1st support at 97.10.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXYwill it get back in that daily channel or will it drop further down we will see after this ends... it will very much depends on what moves will show in the correction that will follow somewhere there...
DXY: I am looking for another sell move.I expect DXY after the double resistance test, looking for the direction to sell MOve.
