#dxy #elliottwave short sell setup wave c 13Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY trade ideas
DXY Potential Short! Sell!
Hello,Traders!
DXY keeps growing in a
Strong uptrend and the
Index is locally overbought
So after it hits a horizontal
Resistance of 106.500
A local bearish correction
Is to be expected
Sell!
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Check out other forecasts below too!
DXY on 15 min HELLO FRIENDS
as i can see DXY is moving up daily from the day Trump elected it is now near a resistance zone which will give a nice retrace and then up to 107 its just a trade idea show Ur love and support
we try to update Stay Tuned
DXY Short: Completion of Corrective StructureFrom the chart, you can see that I've closed the corrective wave structure W-X-Y-X-Z within 2 trendlines. Now that we are at the top trendline, it is time for turning point.
DXY Update and Levelsafter good impulse move to the upside there is certainty of price going into pullback mode
because
. price recently broken the trend line which was from weekly side so the next liquidity zone is supply from monthly which is 1% away and on other hand price can try to retest the fvg which nearby 0.5% below the current price (105.998) or the round figure 105 can act as support
my take - before going to 107 zone price should retrace and get some liquidity from fvg
Dollar Index Bullish to $109! (UPDATE)The DXY is constantly rocketing up from our grey supply zone. Intense bullish momentum which is about to break above the 'pending liquidity' sitting at $107.400 - $106.500.
Break of structure of this liquidity zone will open up further upside towards our $109 target!
The Dollar is looking strong, other markets are weak.
On the weekly timeframe, the DXY (U.S. Dollar Index) is bearish.
It's showing a final jump before heading down to create another lower low.
According to this analysis, other markets might be retracing.
I'm observing XAU (Gold), BTC (Bitcoin), and US Oil (WTI Crude Oil)
For potential retracements, manage your risk and emotions before diving into trading.
This is just my viewpoint, not financial advice.
DXY Is Very Bearish! Short!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 105.886.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 104.561 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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11/12/2024. US DOLLAR DailyDXY-- US Dolllar. Even with the significant move after elections, the DXY still hasnt hit its daily buy point. 106.979.
DXY has been under a daily chart buy since 2023. I will be playing long USD on currencies until the daily close of DXY is above 106.979, and holding longs thereafter.
DXY: Local Correction Ahead! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 105.547
Wish you good luck in trading to you all!
DeGRAM | DXY preparing for correctionDXY is near the upper border of the channel, between the trend lines, which the chart formed during the correction on the last downward impulse.
The price has reached the resistance level and is now below it.
We expect a correction after the retest of the channel border.
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DeGRAM | DXY growth in the channelDXY is moving in a descending channel between trend lines.
Having reached the lower boundary of the channel, the chart has formed a reversal harmonic pattern.
The price has reached the 62% retracement level.
We expect the growth to continue after retesting and consolidating above the current resistance.
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Levels discussed during livestream 12th November12th November
DXY: Could consolidate/retrace slightly, but for continuation higher to 106.10, beyond that, could retest resistance of 106.45
NZDUSD: Sell 0.5950 SL 20 TP 40
AUDUSD: Sell 0.65 SL 25 TP 100
GBPUSD: Sell 1.2785 SL 30 TP 100
EURUSD: Sell 1.0590 SL 40 TP 140
USDJPY: Buy 154.90 SL 35 TP 110
USDCHF: Buy 0.8845 SL 30 TP 75
USDCAD: Buy 1.40 SL 40 TP 140
Gold: Breaking 2600, below 2585 could trade down to 2570 and 2550
sell opportunityTrade Analysis:
We are looking for a potential short (sell) opportunity on the at 106.200. The market has recently faced strong resistance around this level, and we believe it is a key turning point for further downside.
Key Levels:
Resistance: 106.200 (Potential Sell Zone)
Support/Target 1: 102.400 (First Take Profit Level)
Support/Target 2: 100.170 (Second Take Profit Level)
Stop Loss: 107.500 (To protect against further upside movement)
Technical Overview:
Bearish Sentiment: Price is facing resistance at 106.200, and indicators (RSI, MACD) show overbought conditions, suggesting a potential pullback or reversal.
Risk/Reward: A risk-to-reward ratio of 1:2+ (based on entry at 106.200 and first take profit at 102.400).
Market Bias: The overall market bias is bearish, with recent price action confirming a potential move lower towards our targets.
Is a DXY Pullback on the Horizon? Key Price Action Signals Is a DXY Pullback on the Horizon? Key Price Action Signals to Keep an Eye On
👀👉 The DXY Dollar Index has shown robust bullish momentum recently—but is it overextended? A pullback at a major support level could offer a valuable entry opportunity. I’m watching this zone closely for a possible buy setup aligned with the key criteria covered in the video. In this analysis, we’ll explore essential price action signals to watch and discuss strategies for positioning in the next potential move. Disclaimer: This analysis is for informational purposes only and not financial advice.* 📊✅
DXY makes it to the most important resistance zone.H4 12.11.2024💸 Dollar Index DXY makes it to the most important resistance zone 📉
The dollar index still managed to break through to the most important resistance zone 105.80-106.35 from which I expect a medium-term reversal. Honestly, I didn't think it would be pushed to it, but as it is. Other currencies against the dollar have almost reached their reversal zones, lacking the final rebound. As for me, the level of 106 on the index and the area near it is strong. The situation is a copy of 2016, when the index was also pushed hard, and then a long-term reversal was made to weaken it.
TVC:DXY
USDJPY Selling Idea from 105.685-106.57 USD Selling Idea from 105.685-106.57
The overall bullish trends have already respected the basal trendline and after the Trump win the US dollar will get more gain and the price right now at a good level for short term reversal and market will be touch the basal trendline to got clear his directions.
The optimum selling zone will be starting from 106.57-105.685.
The Setup will be the 1:2 Risk reward ratio.
Rules:
1. Wait for the market movements at 105.685 if you see some price rejections with volume increased then must place Stop Loss over the 106.57 and take profit level will be 1:2.
2. Price rejections at the level and after the confirmations will must be increased the profitability ratio.
DXY potential breakout Exactly reaching my target at 105.5, now could retrace and check back at 104.55 then further upside is expected.
if the falling trendline is broken and confirmed above this means the dollar has major upside potential which could signal the end of the stock market bull run and a major correction in GOLD
Dollar's Winning Streak: Will CPI Data Fuel the Fire?The US dollar is on a tear, caused by "Trump trade" optimism and robust economic data. But will this bullish momentum persist? We analyze the key drivers behind the dollar's strength and explore the potential impact of upcoming economic events.
The "Trump Trade":
The US dollar's recent surge is intricately linked to the market's anticipation of President Trump's economic agenda. Investors are betting on tax cuts, infrastructure spending, and potential tariffs to stimulate growth and potentially fuel inflation. This expectation has triggered a wave of capital inflows into the US, driving up demand for the dollar.
US Economic Resilience:
Beyond the "Trump trade," the dollar's strength is underpinned by the resilience of the US economy. The labor market remains robust, with low unemployment and steady wage growth. Consumer confidence is also high, supporting continued spending and reinforcing expectations of persistent inflation. This combination of factors creates a favorable environment for the dollar, attracting investors seeking higher yields and a safe haven in an uncertain global landscape.
Inflation Data Ahead:
While the dollar's outlook appears bright, the upcoming US CPI inflation data could be a game-changer. A strong inflation reading would validate the market's expectations and likely encurage the Federal Reserve to maintain its hawkish stance, potentially leading to higher interest rates for longer. This scenario would further solidify the dollar's dominance.
Conversely, if inflation disappoints, it could cast doubt on the need for aggressive monetary policy, potentially undermining the dollar's momentum. Traders will be closely scrutinizing the CPI figures for clues about the Fed's policy trajectory and the dollar's future direction.
Technical and Fundamental Outlook for Major Pairs:
EUR/USD: The euro is struggling against the surging dollar, hampered by a dovish ECB and a bearish technical picture. A head and shoulders pattern on the weekly chart points to further downside, with key support levels at 1.07 and 1.0660. A break below these levels could open the door to 1.0500.
GBP/USD: The pound is also facing headwinds from a strong dollar and concerns about the UK economy after the recent BoE rate cut. Technically, GBP/USD is in a downtrend, with support at 1.2850. A break below could target 1.2700, while a weaker dollar (if CPI disappoints) might lift the pair back to 1.30.
AUD/USD: The Aussie is caught between a strengthening dollar and worries about China's slowdown. It's currently holding above crucial support at 1.6550. Keep an eye on Aussie jobs data and US-China trade developments for clues about its next move.
NZD/USD: The Kiwi is under pressure from RBNZ rate cuts and broad dollar strength. A bearish technical pattern suggests further downside potential, with the 0.5900 level as a key target.
This is a market analysis, not trading advice. Trade responsibly and do your own research.
DXY (dollar index) Out lookMy bias for the dollar is that it may start to slow down and experience some pullbacks, likely to fill the imbalances below and capture some liquidity. However, I also see Scenario A playing out, which could push the price upward and continue the bullish trend.
Given the current market conditions, I expect these retracements, which also align with my outlook for EU and GU.
Confluences supporting my bullish bias on the dollar:
- The DXY has been very bullish and has broken significant structure to the upside.
- The DXY has surpassed the key psychological level of 105.00.
- There is still a lot of liquidity to the upside that needs to be taken.
- Clean demand zones are in place, reinforcing my bullish outlook.
P.S. Be cautious and watch for the major red news on Wednesday, specifically the CPI event, as it will provide key insight for the forecast. I expect the dollar to retrace ahead of the news, but once it's released, I anticipate the dollar will shoot back up.
dxyThis is my opinion with technical analysis
Please respect the following rules:
1- Risk management .
2. Have your own strategy
DXY: Market Is Looking Up! Buy!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 105.758
Wish you good luck in trading to you all!
DXY IndexDXY Index
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves at Extreme Point of Interest ( POI ). Bullish Channel as an Corrective pattern in Short Time Frame and Rejection from Resistance Level with a Strong Divergence
