DXY MONTHLYDXY has reached monthly price sensitivity zone and we would like to see some reaction in this zone
-The month ended with a bearish shooting star,highs were broken and currently we are on a HH anticipating for a HL formation
USDOLLAR trade ideas
US Dollar Rising WedgeThe dollar looks to be in a rising wedge formation (bearish set-up). The RSI is also running out of steam with lower highs. It could bull trap above the wedge before breaking down with a wick or two. It could also simply topple over soon and end up falling out the bottom trend line. Looks likely to decide by early November.
Remember, a falling dollar is good for cryptos and safe havens such as metals.
DXY,DAILYThe dollar index reached our upper monthly price sensitivity zone and we are anticipating for a slight pullback n probably continue with that bullish momentum to the upside
Daily
-from the monthly price sensitivity zone we can see Daily forming LHs ,we might see bounce of the daily descending trendline or break to the downside..
DXY,WEEKLY The dollar index reached our upper monthly price sensitivity zone and we are anticipating for a slight pullback n probably continue with that bullish momentum to the upside
DXY,MONTHLY The dollar index reached our upper monthly price sensitivity zone and we are anticipating for a slight pullback n probably continue with that bullish momentum to the upside
US Dollar IndexUsing USD Index to see where price is going on USD Pairs.
4H Triangle/Pennant. Bullish Trend Continuation.
Daily Bollinger Band Breakout. Major Move.
Weekly created a double bottom/W pattern and mirrored other side.
Expecting USD to be very strong.
Any pairs with USD at the end will be having strong Sells coming.
Any pairs with USD at the beginning will be having strong Buys coming.
USDOLLAR Dips in UptrendThe chart on the left shows the daily timeframe of FXCM’s USDOLLAR basket. It is in the bullish area between the upper red and upper blue. The right chart is the hourly timeframe. It has pulled back to the 50 retracement of the last major impulse up. The stochastic has turned positive. We are now looking to see if this will lead a golden cross in the EMAs. If this does take place, it will be regarded as bullish. However, the momentum test is denoted by whether the stochastic can make it to the 80 level and hold that position.
Dollar - Long Opportunity - 21Price break the trendline and re-test 61.8% which is also structure.
Long wi sl & tp
USDOLLAR Pullback At Key Fib Levels on HourlyThe chart on the left shows FXCM’s USDOLLAR basket on a daily timeframe. It is in the bullish area between the upper red and upper blue bands. The chart on the right shows its hourly time frame. The greenback has pulled back to the 50%/61.8% Fib levels. If these levels hold as support and if the EMAs and the stochastic cross bullishly, the short-term participants may be be syncing up with the long-term chart. If this happens, a movement by the stochastic to the 80 level and the maintenance thereof may be suggestive of an underlying momentum push.
DOLLAR REVERSAL COMING!!We are ending the quarter with a strong dollar flush to the upside - with price spiking on no volume signaling liquidation of dollar shorts - On the higher TF price is testing major selling zone & resistance & moves like these can witness strong one way reversals if not backed by higher TF conviction - Therefore watch for reversals on specific dollar pairs at the October open, while using this months range as a bias to confirm a reversal (dont short dollar if it breaks above this current Sep range). Technically a reversal at these levels would b significant and can send prices all the way down to the yearly lows!
Watch & see how it plays out!
USDOLLAR - Bearish Reversal...?USDollar is at a pivotal point now where it could either shoot up or reverse down from here, the latter validating the ABC parallel correction.
Price appears to be showing rejection but time will tell whether its actually a rejection or just a correction for another move up.
Using this chart to correlate with other USD pairs to find entries.
Goodluck and trade safe!
US DOLLARThe US DOLLAR has been bullish, and it could continue. But, we are hitting some noteworthy Resistance Levels, I always like to find trades that compliment each other... If gold is to turn bullish, that would mean the US DOLLAR would be turning bearish.
DXY SHORTDxy is bearish for the week, price is approaching a good supply zone, which most likely going to push dxy down.
US Dollar Index - Bearish ??US Dollar Index –
After a lot of high impacting news for the dollar this week it is crucial that we determine the direction of the dollar heading into a new week.
News Summary –
There was one question every investor was eager to gain insight on and that was whether we would be given a clear path and date for when the US will begin to start tapering bond purchases.
Powell’s speech certainly gave a hawkish tone however as we were not given a clearer timeline on the above this held the dollar back and is the reason, we didn’t see an impulsive move that matched the hawkish tone we seen. We should continue to monitor closely the numbers coming out of the US over the next few months to give hints as to when the Fed will be pressured into putting the ball into motion so to speak.
Analysis –
Moving into next week we are looking for a bearish impulsive move from the US Dollar. Moving on to the 4hr chart we can see we have just posted a double top and initially bounced. We anticipate a move down towards the neckline with full confirmation of further bearish pressure on the horizon after a break and retest of the neckline and the minor ascending “watch for break” trend.
We will be monitoring USD pairs for shorting opportunities.
As always, I’d love to hear your thoughts on the US Dollar Index and what your outlook is. Let me know in the comments below.
Hope you have had a profitable week in the markets, and it continues through into next week.
The Fx Chartist
DXY (DOLLAR INDEX)On overall, I have a bullish momentum for the Dollar index but we can see the formation of a head and shoulders which could mean that we are likely to see a bit of USD weakness temporarily.
If we don't see a break above the current support, then we are going to see USD weakness. Only after we see a break of the next suport level at 12046, should we see DXY continuation a bullish move to 12133.
Watch out for the news releases this week that could affect the USD, and as always, trade safe. Like and comment your thoughts.
check linktree in Bio for chart analysis.
USDOLLAR - Right Shoulder Completion ⚠️For more analysis like these, be sure to give it a thumbs up!
Last week we were waiting for the right shoulder to be completed. We moved up nicely to the right shoulder and we capitalised on the XXXUSD shorts, particularly the EURUSD short (see linked chart for EURUSD analysis).
We are now waiting for bearish price action to confirm USD weakness. If we do not get the bearish price action from the right shoulder, the next area we are looking at is the recent highs of 12040 for rejection.
We will be correlating this chart with the XXXUSD charts.
Goodluck and as always, trade safe!
USDOLLARhere is another Nice setup looks cool and ready for trade i am opening position on USDOLLAR trend is still valid ..
USDOLLAR - Head & Shoulder Completion This Week?Last week we identified the head and shoulder pattern and we were anticipating XXXUSD shorts which played out well. We are still looking for further strength from USD. Looking for the completion of the right shoulder this week. Correlate this chart with the USD pairs and try and get and entry for the XXXUSD shorts.
Goodluck and trade safe!
USD Dollar predictionUS Dollar is showing strength at the moment. Now hitting resistance area, in a downtrend.
We await a break of the short term uptrend, should start to head for S1 (1870) within 4 days and 8 hours.
WWW.THETRADINGMENTORS.COM
down Trend can be Occurichimoku in 2 last days made Downtrend Cross , So US index if can Break Support , we observe Decrease $ index.
USDOLLAR:NEW BULLISH IMPUSE COMING ? LONG VIEW + TARGETS 🔔The Dollar, finally after the release of the NPF last Friday seems to be starting to breathe today after the last sessions in which the price has fallen inexorably. We can also see that EUR/USD today started the session with the USD in recovery, link in the description. As for this chart, we can technically analyze that the price has been in a rising trend for some time, just look at the rising lows and highs that appears today a rebound on a dynamic support / trendline, the price that has moved above the 200 average and that the stocastic seems to come out of the oversold zone with divergence. Bearish volumes seem to be decreasing. We await a new bullish impulse.
