DXY Triple Top formation aiming at 92.500The U.S. Dollar Index has made a Triple Top just over 94.260. Currently the 4H MA200 (orange trend-line) is giving a short-term bounce but the true Support is the 1D MA50 (red trend-line), which already held once on October 28.
Based on the long-term Bullish Megaphone though, the downside target of a Higher Low is the 0.786 Fibonacci retracement level and that is around 92.500.
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Usdindex
USD index pt. 3red falling wedge has been completed.
Price can go up to around 94,7. there it should turn around.
But there will be NFP and unemployment news in a few minutes, so I closed my EU shorts and now I'm waiting.
I expect that USD index should fall and EURUSD should start to rise.
Wait for the news, to show where price will go next.
Good luck.
DXY , Where we are Hello guys
Are you ready for this week ??
In here , this idex is between these 2 R & S zone that shown on chart
But we have a key in chart ( key : the point of change trend ) , And now at this time the trend of idex is downward and we need best zone and area to take short position and sell
At first when the price is coming to our sell zone area then take signal like ... then take short position and sell
Dont forget use stop loss and attention to money management
Good Luck
Abtin
USD sideway ,a little hard for it to push higher Right now 93.6 should be flip zone for USD....
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Dollar index in the near futureThe dollar index is approaching a resistance. At the same time, divergences can be seen in the indicators. In case of reacting to this resistance, this index can initially drop to around 93.5 and if it breaks its white support line, it may fall to 92. But if this resistance is broken by the good news, this analysis will be rejected. Technically, there is a high probability of a fall, but for this we have to wait for the news. A lot of news is on the way this week.
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USD a little side way,slighly on the bearish side...Either break to test 94.70-80 as R
OR
break lower to retest 93.70-80 area.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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DOW on a bear move 🦐DOW on the daily chart is trading over a daily support.
The price has tested the level a few times and turned at the 0.618 Fibonacci for the last retracement.
According to Plancton's strategy if the market will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USD still hovering at the Resistance zoneA bit of guessing need to take place here...but in general i do think USD is still gonna move up higher..need more info..
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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DXY is more likely to continue dropping further after correctionI been following DXY for a while now and from my previous ideas on this, all my predictions had come true. What can we expect now? As I thought before that it would be more likely to develop some big bearish corrections and then drop down much further. Here I see a completed rising wedge that confirms that sellers will still continue pushing price further down. Before a push to the downside, we can expect some more bearish continuation corrections and then violate the wedge to the downside.
Right now we still need to be patient for price action to tell us what to do next.
Please show support with a like if you enjoy my ideas and if you have a suggestion on this please share it in the comment section below.
[DXY W1 Sept 2021]DXY // USDINDEX // USD // DOLLAR
Sell Setup
Continuation trade:
📰 We have seen a fakeout above 93.400, which has trapped MANY traders last week. I have emphasised many times that fundamentally this won't be long when the dollar resumes its bearishness due to the FED and tapering news. And clearly was brought to light on Friday.
👉🏻 As mentioned that 93.000 was a retest area before a selloff. Possible continuation to at least 91.500.
Daily Markups
DXY STILL TO FALL FURTHERDXY is going according to my predictions made 2 weeks ago. At this point it more likely to reach the second target.
Congratulations to those that followed this analysis.
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DXY Sell SignalPattern: Channel Up on 1D.
Signal: Sell as the price hit the Higher Highs trend-line (top) of the pattern.
Target: 90.000 (the 0.9 Fibonacci retracement).
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[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