US DOLLAR SHORTFrom my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short.
This is for SWING traders but for shorter term traders, you can adapt this to your strategy.
For next week, I will be looking for long opportunities in Both EURUSD AND GBPUSD. Also a short opportunity in USDJPY.
Cheers fam!
Usdx
DXY - Decades of a weakening US dollar.●● Preferred count
● U.S. Dollar Currency Index (DXY) : 🕐 1M
Globally, the dollar follows a positive trend in a submillennium wave.
It is expected that the subwave (b) of ((IV)) will take the form of a side correction in the form of a triangle , followed by an exit from the model down. The completion of the locally negative phase within the Grand Supercycle ((IV)) wave will most likely fall on the price area of the previous fourth wave, the beginning of which is the peak (III) , level 63.5 .
The counting was based on the developments © pr0 (RSWA), published in the material “The Hypothesis of the Fractal Lag of Sociometers”.
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● U.S. Dollar Currency Index (DXY) : 🕐 1W
Triangle Ⓑ of d , I want to note, I have been predicting since May 2020 . Strengthening within the subwave (C) is ending, a decline is expected within the zigzag (D) .
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● U.S. Dollar Currency Index (DXY) : 🕐 1D
Wave (C) of Ⓑ is forbidden to go beyond the top (A) , level "invalid." . In the event of a breakdown of this level, the wave count will require revision.
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● U.S. Dollar Currency Index (DXY) : 🕐 4h
Within an eight-hour timeframe, I consider two options for interpreting wave (C) : a double zigzag W-X-Y and a rare triple zigzag , the second of which is marked on the slide below ↷
Both options allow local continuation of growth within the ending diagonal ⓒ of Y / ⓒ of Z .
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●● Alternative count
● U.S. Dollar Currency Index (DXY) : 🕐 1W
The alternative remains the probability of exiting the triangle upwards, in case c of (x) goes into complication up to a double zigzag Ⓦ-Ⓧ-Ⓨ .
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DXY AnalysisHey traders, in the coming week we are monitoring DXY for a buying opportunity around 96,5 zone. i highly recommend to take a look at DXY at the beginning of every week if not everyday. that will help you to spot USD pairs direction and trade them in a more professional way.
Trade safe, Joe.
For History: Possible Global Economic Crash LevelsFor history: A major global economic crash is highly possible, if #USD_Index hits one of these three levels:
a.101.5
b.105.8
c.109.8
105.8 has the highest crash probability. The crash might not be at the exact levels, the reaction could occur around the levels. This is a long term analysis based on 1 Month chart. It will take months and probably years before it actually happens (IF IT HAPPENS).
#economic_crash
#global_crisis
DXYHey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way.
Trade safe, Joe.
DXY Hey Traders, in this week we are monitoring DXY for a buying opportunity around 96 zone. Once we will receive any bullish confirmation the trade will be executed.
i highly recommend monitoring DXY at the beginning of every week if not everyday, that will help you spot USD pairs direction and trade them in a more professional way.
Trade safe, Joe.
DXY Hey Traders, above is DXY technical analysis, i always recommend DXY analysis prior to trading USD pairs. currently we are watching a couple of zone for a possible bounce. first one around 95.5 and the second one around 94.4. don't forget to be a bit careful especially after fed Chair Powell speech the last night and fears about the new variant, risk for economy and employment and risk for labor market progress.
Trade safe, Joe.
DXY Hey Traders, wish a happy weekend for y'all!
i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in the coming week expect a pullback for the dollar index around 95.9 zone towards 96.4, then we might see a potential drop.
Trade Safe and use proper risk management.
Joe.
DXYHey Traders, hope you had a great Weekend.
it's time now to start a fresh week, i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in this week we will be focusing on the selling opportunity of USDX around the weekly supply zone at 95.3, once we will receive any bearish confirmation the trade will be executed.
Happy Monday, Joe!