Usdollarindexsignals
⭕️US Dollar Index analysis in 30 minutes💥❗️🔰You can see the analysis of the USD index in the 30-minute frame team (US Dollar Index _ 30 min)💣🔍
✴️Supply and demand zones and ranges of 50% and 61.8% of Fibonacci retracement (purple💜) are shown in the image. If the price reaches the 61.8% Fibonacci range and the specified supply range, we can expect the price to drop to the support line (orange🧡 line). If the price goes under the valley shown with the black🖤 line, you can expect the price to drop to the demand range.🧐❗❗
If the price can reach the top of the specified supply range, it can climb to the next supply range.❗
In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓
I hope the analysis was useful for you🤍🌹
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____________📈TRADER STREET📉_______________
SHORT DXYUS dollar is pullback to broken trend line after 5 week bearish move and ready to drop again.
US economy shows signs of peak inflation and it will satisfy the federal reserve to rate hike 0.5 percent in September.
So, Dollar index will week after this and its time to short it.
Trade safe.
Good luck.
DXY Resistance Zone ApproachAlthough US Dollar Index had a good growth last week, it is still in a downtrend.
If we take a look at the price structure, we can see that the number of bearish candles is much less than the bullish ones, which means that the bearish pressure is more than the bullish pressure.
Currently, price has been rejected from the red resistance zone and it seems like it is going to retest it again.
Since we have a strong resistance area ahead and the main trend is bearish, if price breaks the yellow support level at 106.310, I expect a drop on DXY towards the next green support levels at 105.575 and 104.740
US DOLLAR INDEX Analysis | Risk-to-Reward: +11.6US Dollar Index Long | Small Risk, Huge Reward | R:R +11.6
Position 1
Entry @ 105.762
Stop Loss: 105.500
Primary Take Profit: 107. 250
Swing Take Profit: 108.800
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Position 2
Entry @ 105.710
Stop Loss @ 105.080
Primary Take Profit: 107. 250
Swing Take Profit: 108.800
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Use the Risk-to-Reward Visual Trade Levels For Risk Free Trading, Guiding Your Trades to TP's. This allows your emotional intelligence to grow as your profits do but, most importantly your mastery of the how the market works.
***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.***
I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters.
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Correlative Pairs:
US30 + NAS100
USDZAR + USDMXN
XAUUSD + XAGUSD
GBPUSD + EURUSD
GBPJPY + EURJPY
---- CRYPTO CORRELATIVE PAIRS------
BTCUSD + ETHUSD + XRPUSD
DXY Solid trade set-ups on break-outs.The U.S. Dollar Index (DXY) is on the 3rd straight green 1D candle, a rather strong rise that is about to test the 105.805 Resistance. A closing about could be a confirmed buy signal with the 1.236 Fibonacci extension as a Target (106.900) as this was the target on previous similar set-ups.
However, the price action since the May 13 High resembles an Inverse Head and Shoulders (IH&S) pattern on a bullish trend and technically those are seen on tops. A low risk sell trade would be upon a 1D close below the 1D MA50 (blue trend-line), which has been holding since February 23, aimed at the 1D MA100 (green trend-line). Similarly a candle close below the 1D MA100, targets the 1D MA200 (orange trend-line).
Notice the Fibonacci levels involved for additional Support/ Resistance pressure. Also the 1D RSI offers a Higher Lows trend-lines for ideal buy entries.
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U.S. DOLLAR INDEX LOOKS BULLISH! NOT GOOD FOR BTC!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this important update on the U.S. Dollar index. Of course, BTC is an independent asset class but it is somehow correlated with the U.S. Dollar index. Bitcoin has a negative correlation with the U.S. Dollar index. In other words, when the U.S. dollar rises, then, as a rule, BTC tends to fall. I’ll also add that there is rarely a positive correlation between BTC and the U.S. dollar.
Now, let's go to the chart.
Here I show you a chart of the U.S. Dollar index in the 2-week time frame.
As you see in the chart, it is forming an Adam&Eve pattern where breakout and retest are already done. After the successful retest, it is continuously going up.
It has strong resistance at around 103 level which is not broken since 2000-2001. The last time the U.S. Dollar index was traded above the 103 level was in 2000-2001. So if we broke above that level this time then it is very bad for the cryptocurrency market.
As of now, BTC is holding crucial support of $39k. Few hours left for the weekly close. If we get the weekly close below $39k then things become ugly. So my advice is to stay aside from the market for a while. Wait for some confirmation is the much better option here.
Let's see how we get the weekly close.
Hope I'll clear all your points and you understand the relation between the U.S. Dollar index and BTC.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
DXY Resistance ApproachUS dollar got strengthened in the last week and had a big rise. Currently, price was pushed to the downside and got rejected after reaching the last high which is a resistance point.
There are two scenarios:
Bearish Scenario: since price was rejected from the red resistance level, If it breaks the low of the previous 4H candle which has was closed in the form of a doji, then wait for bearish candle closure below the low of this candle at 98.700, to expect a drop towards the yellow support level around 97.950
Moreover, if this scenario happens, price will make a reversal double top pattern and in the case of a downside breakout on the neckline, we expect more drop on DXY in future.
Bullish Scenario: since we are in an uptrend, price may do some retrace and then gets ready to rise again. We should wait for the red resistance level to be broken out and bullish candle closure above the resistance level to expect a rise on price around 100 and 100.300
DXY US Dollar Currency Index: 1M ChartToday I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period.
The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern.
If the DXY breaks out of the descending parallel channel, we can see the price go up significantly as shown by the Fibonacci Extension (Trend-Based Fib Extension).
If the price gets rejected at the channel top, the price can go back down to as low as $60-65, which will create a triple bottom (generally bullish pattern).
This is a multi-year chart so don't expect everything to move quickly.
When zooming out, the US Dollar price looks very bullish in the long-term.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
DXY in the Sideway ZoneAfter a big growth, US Dollar Index has been moving sideway for the last two months between 95.650 - 96.900
Currently, the last descending trend line in the sideway zone is broken to the upside and price has been fixed above the line.
Moreover, we can see a bullish structure with the higher highs and higher lows.
But, on the other hand, price is approaching to the next resistance barrier at 96.462
If price breaks 96.462 and fixes above this level, we can expect more rise towards the yellow resistance level around 96.900
But, if price can't break the resistance at 96.462 and gets rejected from it, we should wait for the last minor low at 96.032 to be broken and candle closure below this level, to expect a drop towards the yellow support zone around 95.650
DXY US Dollar Index: 1M Chart UpdateToday I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period.
The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern.
If the DXY breaks out of the descending parallel channel, we can see the price go up significantly as shown by the Fibonacci Extension (Trend-Based Fib Extension).
If the price gets rejected at the channel top, the price can go back down to as low as $60-65, which will create a triple bottom (generally bullish pattern).
This is a multi-year chart so don't expect everything to move quickly.
When zooming out, the US Dollar price looks very bullish in the long-term.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
US DOLLAR INDEX READY FOR A MOVE DOWNUS Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
DXY create bearish butterfly pattern. So, BUY NOW....
DXY chart Hopefully create bearish butterfly pattern. So market goes
to 92.800 and 92.850 Neckline zone. If break out 92.900 resistance zone
then market huge buy to 93.000 & 93.270 zone. If the market break out 92.350
support level then then market goes down to 92.000 support zone.
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Eurusd uptrendEurusd uptrend
The instrument is trading in the support zone , at the bottom of the price channel .
Globally, the instrument looks long.
At the moment, the currency pair rolls back to the level of 1.19,
I think that after the pair will retest the lower border of the channel, after which it will continue to grow along the trend.
Key point - resistance 1.227
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4 / 4 last EURUSD ideas come TRUE
Short US DOLLAR INDEX - Weekly Swing TradeShort DXY - 90.05
Stop Loss - 90.45
Take Profit - 89.25
Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling.
If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.