Usdindex
[DXY W3 Aug 2021]DXY
USDindex
Continuation trade:
👉🏻 As mentioned earlier, price did not break higher, we could see 92.350 to be reached for now
DXY W2 Aug 2021DXY
USDindex
Long Setup
Continuation trade:
👉🏻 Price made a bullish impulse from the NFP data, this could be some more strength in the coming week. Of course a favourable scenario is some pullback to the previously broken 92.300 area.
[DXY W1 Aug 2021]DXY USDollar
Short Setup
👉🏻 The dollar is moving unusually coherent with gold at the moment, however it is pretty much moving sideways. Previous highs of 93.4, 94.3 and 94.7 has not been broken, neither is the lows of 89.5 and 89.2. The recent drop from a rising wedge could lead so some further weakness in the dollar
#EURUSD 5 waves down!!!Hello Traders!
I expect 5 waves down for the euro against the dollar based on the recent price action.
We see risk tone rises witch favours the dollar as new lockdowns occur.
Have a great day!
Vitez
EURUSD maybe still in triangle. Target 1.1800.. 18/6/21EURUSD. Last Updated was on 25/5/21.. Price of EURUSD maybe still forming a triangle, now moving toward around 1.1800 a major demand zone..
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.
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USD Index BottomDollar Index momentum turning bullish on the daily time-frame. The break of the ascending triangle suggests that USD turns bullish at the start of next week for the long term.
Happy Trading folks!
Cheers!
DOLLAR INDEX SHORTSThis is my ideas on DXY based on fibs, trend analysis, supply and demand zones, HH-HL-LH-LL... Hope you like it!
Dollar Index BuyPrice bounced off the weekly demand area last week.
Looks like NFP will be for the dollar this Friday if this structure holds.
Safest to wait for breakout retest departure then enter . Fake break outs are possible and price could turn bearish and turn this into a false structure.
Price could come down from the right shoulder to form a double bottom, that is another possible long setup.
comment like follow inbox
[DXY W1 May 2021]DXY
USDindex
Long Setup
Friday closed a daily engulfing on an ascending trendline.
H4 Timeframe: Broke previous structure, may look for pullbacks to fill up the smaller timeframes' imbalance, before some gains
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:
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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
DXY, USD Index still in uptrend above While all the talk in the town is against USD, My view is for stronger USD at least to the next target 94 ish mark, if not more.
Trade is invalidated on a daily close below 88
Weekly RSI divergence also supports the idea
thank you
MORE RETRACEMENT FOR USD INDEXIm looking for more deep retracement for USD Index, before continue buying the USD. Formation flag chart pattern will confirm the USD to continue in UPTREND movement
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!
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DXY - USD INDEX witnessing restest of swing month's low. USD INDEX WITNESSING DOWNTURN UPTILL 89.30 LEVELS
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
DXY- 91.50 in focusFor more than a week now, USD Index is consolidating above 90 important psychological and technical support level.
Yesterday USD found some life reversing against its counterparts and I expect a new leg up from the Index.
91.50 resistance is my first target followed by 92 zone and I will look for selling opportunities in EurUsd, NzdUsd, AudUsd, and GbpUsd
