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Usdindex

DXY Bearish Cross on 1D MA50/100. Repeat of the 2017 pattern?The DXY has just formed a MA50 (blue trend-line)/ MA100 (green trend-line) Bearish Cross (BC) on the 1D time-frame. This alone has mostly been a sell sign in the past 4 years. What I am particularly more interested at is a similar occurrence I spotted on the fractal from 2017/ 2018. The USD Index was trading on a 1 year Channel Down when the 1D MA50/100 BC took place, similar to the Channel Down it has been trading in since 2020. The 2018 BC delivered one last Lower Low within the Channel Down that formed the market bottom for the years that followed. That bottom was made on the -0.236 Fibonacci extension. That is currently just over 86.500. Can a similar Low be made this time? It is very possible with the fundamentals agreeing too, as the new Biden stimulus should further devaluate the USD. As you see the RSI and MACD fractals are also fairly similar. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007 --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
5
DXY long-term trend bearish but possibility for one last spikePattern: Channel Down on 4H. Signal: Two sell positions, one now and the other in the event of a 0.786 Fibonacci spike, similar to what took place after the previous two 4H Golden Crosses. Target: 90.350 (the bottom of the Higher Lows Zone). Most recent DXY signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23 --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
4
DXY - Purple War Zones!DXY is overall bullish trading inside the red channel so we will be looking for Trend-Following Buy setups as (if) it approaches our lower red trendline. Knowing that DXY can still trade higher from here, to reach 94.0. Here are the two strong zones where I will be looking for high probability setups: I call them War Zones , (highlighted in Purple circles) Zone 1: (92-92.5) This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the previous blue support and lower red trendline. (trend-following setup) Zone 2: (94-94.5) This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. (over-bought / over-extended area) As per my trading style: As DXY approaches one of the purple circles, I will be looking for reversal buy/sell setups (like a double bottom /top pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXY
by TheSignalyst
35
The rise of the USD will continueThis is an analysis of the dollar index. From here we can draw conclusions about what will be the movement of each instrument against the USD. This is our forecast for next week. We see the higher bottoms and higher peaks that the dollar has formed in the last month. The decline of the last 3 days is a completely normal correction and we expect the dollar to continue rising. The first resistance will be 92.47, followed by 92.83 The analysis will change if the previous bottom breaks. If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
TVC:DXYLong
by ForexTrendline
DXY- A new leg up is more and more probable After reaching 89.20 low, Usd Index seemed to have found some life and corrected to 91 zone. A new attempt from bears was met with strong buying in 90 zone and at this point, it looks like we have a higher low in place. I expect a new leg of correction from DXY and my bullish bias will remain intact as long as 90 support is intact. My target for Usd Index is 92 resistance and I will look to sell EurUsd and AudUsd and buy UsdCad into this correction
TVC:DXYLong
by Mihai_Iacob
8
US INDEX DXY: Forecast: Possible Long the shortHere is an update on the DXY RECAP: In our previous analysis we expected the DXY to be bullish. DXY was trading at 90.9 and was within the ascending channel DXY fell and broke below the ascending channel and also our support at 90.6 After breaking below support we expected DXY to continue its downward trend toward 90.4, 90.0 & 89.2 DXY continued to fall to 90.39 as we expected and is currently trading at 90.42 WHAT TO EXPECT: DXY is currently trading at a support level at 90.4 We expect DXY to be short term bullish and trade towards previous support at 90.6 before continuing its downward trend Long term DXY is bearish Note: Trading Events might influence DXY today.
TVC:DXYLong
by fxspott
2
DXY- Correction over?After reaching a bottom just above 89 figure, USD Index started to correct higher and has reached 91.50 strong resistance. The rise from this bottom is in a clear ABCD corrective structure and is signaling a potential drop for the Dollar and the presumption of long-term downtrend. Support is now just under 91 and a daily break under this support will be a strong indication that the correction is over. I'm looking to buy dips for EurUsd, AudUsd and NzdUsd
TVC:DXYLong
by Mihai_Iacob
5