DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking overall bearish on DXY since the trend change that occurred around november 10th, 2022. We ideally want to see this trend maintain and identify a clear downtrend we can use to our advantage on tradeable pairs. Look for DXY to show signs of...
I see the Dollar index bouncing off a monthly resistance area , a combination of horizontal resistance from 2017 and 2020, and a rising trend line . Also, a place to meet with the 55 EMA and a 100 EMA and remember a 23.6 Fib line. Also, on the smaller time frame, I see a weakness in momentum and divergence as arbovirus on RSI . As for COT data, I do not see any...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* !! This chart analysis is for reference purposes only !! If you want to...
The EURUSD is finding a hard time pushing up due to too much resistance in the area; we have a 55 EMA and 38.20 Fib, a weekly resistance @1.061, and a close monthly resistance @1.076 with a yearly trend line back from 2016 & 2020 and a descending trend line touching back from May 2021 In an 8 hours time frame, we can see that there is decreasing momentum and...
There is a daily and 4H bullish order block at 104.14 and since DXY has been dropping, the order block might induce a retracement to fill the daily volume imbalance between 105.70 and 105.84 which would be a safe zone to take your profits if the setup plays out as explained. Price might also decide to climb higher to fill the fair value gap between 106.08 and...
The Dollar Index(DXY) reached new lows last week. Following the new low a few major currencies soared bullishly(AUDUSD, NZDUSD, GBPUSD, and EURUSD) creating new highs which can be of great benefit to major currency pair traders this month. Going into the week the dollar could pullback to 105.750 before decreasing again creating a new low. This could be a...
The US Dollar Index is argually on one of the strongest falls in history and this long term chart does its justice. The emphatic rejection in September was outside of the long term Channel Down but on the 1.118 Fibonacci nonetheless. The technical target is the 1M MA50 (blue) line where a multi week break below could repeat the 2002 - 2008 mega correction....
On the next short time wait for the DXY to be dropped down for the next support level
DXY had a rough November and closed the month below the 200 MA, as long as it remains below it our outlook for the dollar remains bearish. The dollar faces two DAILY demand zones: -Scenario A: it rebounds from 103.6 to 104.2 - Scenario B it closes below the first demand zone and revisits the second demand zone from 101.1 to 101.6. - From these demand zones...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. For those who know me, I always keep an eye on DXY to feel the overall market (stock, crypto, forex) As per my last analysis (attached on the chart), DXY rejected the upper bound of the brown channel and traded lower. Now What? and why you need to be prepared? As we all...
In this video we look into DXY structure and how this is so exciting for a few USD pairs. Generally across the board on the HTF we are seeing lots of corrective patterns completing their moves. These are nearly always followed by large impulsive movements in the market which are fantastic to capitalise on. USDJPY and GBPUSD see some clear impulsive phases...
Getting into a short position. Pretty clear bearish channel forming with a clear strong downwards tendency due to the retracement and inflation of the American and Worlwide economy.
The USD index recently topped and reversed, it was killing every other currency except the Russian Ruble! (fancy that huh!) A new down-trend channel was formed and this was broken at the start of December 2022 Could be easy pair trades here on FX against the USD but possibly wait for a pullback and watch for the flip in direction, it's definitely hazardous...
MMSM formation in higher timeframes. I'm expecting a reversal of the DXY after testing Monthly FVG. Macro distribution to the downside, with 2008 lows as objective.
Weekly Update Overview In the overview the following assets/regions are represented from left to right: Dollar Index , S&P 500 (USA), DAX (DE), Hangseng (China), Gold , BTC . The charts are presented as a weekly chart, thus the last candle visible presents the last week. The dollar has further collapsed and thus the indices had further air to the top....
DXY is still making its way down to meet support so that it can resume its up-trend.