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Usdollaranalysis

DXY - price re-entering zone below psychological level of 93.00After a bullish start to the week the US Dollar Index has taken a bearish turn, with price now re-entering the region below the psychological level of 93.00. On the 4H chart we can see that although price broke and closed above the 50 EMA, it failed to do so on the 100 EMA. It is now about to enter a zone of support where price has bounced from previously, however, as the overall trend is bearish, it may mean this support does not hold after already being tested 4 times. We will be looking to see the reaction from this level before entering any USD positions. A close above 93.80 is still required before things start looking more bullish for USD.
TVC:DXY
by TheForexFellows
US Dollar - Tracking Minor Waves - Wave 2 Still UnfoldingI thought I would show you my view on what the US dollar is doing in relation to the start of this C Wave. The leading diagonal appears differently here with alternation between waves ii and iv displayed perfectly. Waves i and v are similar in length which adds to the supporting evidence that this is what we are seeing. For Wave 2 we are still in Red Wave C and I expect Red Wave D to break out of the channel to the upside and Red Wave E to retest it. Please LIKE and FOLLOW to get notification of updates and future posts.
TVC:DXY
by AriasWave
USD Index (DXY):Multi TF shows destination 92 routed via 98.80 The multi-timeframe analysis for DXY shows the short term bounce towards 98.80 before heading lower towards 92. Following is the step by step break down of the analysis from higher to lower TF's: MONTHLY: (1) Bearish due to bounce from the long term down trendline acting as resistance. (2) The bearish divergence comes in play between the leg 3 & leg 5 of the impulsive push-up. (3) Followed by a lower low breaking through the structural horizontal support. (4) Bounced higher towards the falling trend line and gets rejected, thus forming a hidden bearish divergence to continue lower. The above-mentioned facts make the probability of pushing it towards the confluence of support zone from 92.85 - 91.33 The confluence of support is derived from the multi-year rising trendline + Horizontal support & resistance structure + Fibo Extn. 61.8 at 92.11 WEEKLY + DAILY: Are under upward correction 8 HOURLY: Bounced up from the channel support after reaching 100% Fibo Extn. around 95.80 1 HOURLY: (1) The first push-up is completed along with bearish divergence. (2) Now it's retracing to re-test the projected up trendline (RED), from where it may bounce-up to create the second leg towards channel's high. (3) Once, it reaches the upper boundary of the channel + horizontal resistance around 98.80, it may resume the downwards journey towards the 92-93 area. TRADE IDEAS: Short term- Buy the retraces until it reaches 98.80 Long-term- Selling it, once gets rejected from the channel's boundary along with a break of the rising trendline + re-test validation of the resistance. GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
TVC:DXYShort
by moneytize
DXY - 1/6/19Price has been on an uptrend since January 2019 giving us a series of Higher Highs and Higher Lows, shown clearly on the Daily TimeFrame. Price has also been rejecting to push higher than 98.00 since April 2019. I have highlighted the MACD divergence seen on the Daily and 4HR indicating the possibility of a bearish run. Moving to the 1HR, price is sitting on the trend-line and a strong support area. The above is based solely on Technical Analysis. The strong bearish candle resulted from a news release on Friday, I would wait to see what happens and how price moves and reacts at market open. However, my overall outlook on the DXY is bearish.
TVC:DXY
by FXwithJess
US Dollar Currency Index / W / Weekly Forex Analysis / 4.15.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see a rising wedge type formation playing out. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge. We are going to be watching this area again into this week of 4/15/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 95.960 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
INDEX:DXY
by FuturesForexClasses
DIAGONAL IN DXY - 4H CHARTHey Traders, We have been analyzing this structure for a few weeks already in DXY (US Dollar Index) We are expecting a fifth move in the diagonal and then a breakout towards to the -0.27 fibo level potentially. When this happens, all USD pairs will be affected. - Hola Traders, Hemos analizado esta estructura durante semanas en DXY (Índice del Dollar Americano). Estamos a la espera de un quinto movimiento dentro de la diagonal para luego tener una rotura que de un movimiento hasta el nivel Fibo -0.27 potencialmente. Cuando esto suceda, todos los pares con el USD se verán afectados. Carlos
TVC:DXY
by ccerezo11
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