DXY 102.50 Pivotal For Further UpsideIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
DX1! trade ideas
Buy on DXY DipStrong bullish trnd on current Dollar index.
Buy on the dip of the rally.
And take short term profit before the swing high.
Beautiful key week reversal on the US Dollar IndexDisclaimer:
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could the dollar be topping out?there are a few paths we could take between fib with r1 and fib with pivot. rainbow is confirming progression toward resistance in the dollar. dxy down means in this case broader markes indices futures up and crypto large cap (btcusd bitstamp) up. as btc rebounds expect it to go to close sideways with alts up after it attains same high.
Will the Dollar continue its ascend?The United States Dollar extend towards the upside from the low towards the minor resistance level at 102.75.
It will be difficult for the Dollar to have a confirmation breakout of the key resistance level at 103.225 if price were to continue its upside movement without any form of retracement or consolidation.
Expect the Dollar to trade within the 102.75 region, neutral zone at between 101.48 to 102.1 and bearish when price were to breakout of 101.48 support region.
DOLLAR RETRACE TO 103+ ON FOMC & NFP VOLATILITY ?COT:
Dollar has weakened significantly since mid NOV-22
Driven by institutional selling of long contracts since begin Q4-22
Assisted by accumulation of short contracts sinds JAN-23
Outlook for Q1-23 remains sideways to down
Next downside level is 99.60
FOMC & NFP:
Before another drop below 100 big figure a retrace is likely
103+ will likely be mitigated in FEB
103 = mitigation level = GAP resistance = sell VWAP
Begin FEB is pivotal week(s) with FOMC & NFP
FOMC and/or NFP volatility will likely facilitate the retrace
OUTLOOK:
Will be monitoring price behaviour between 103.00 - 103.25
Looking for change of behaviour on the lower timeframe (wicks into mitigation-level)
Anticipating a swing lower from 103+ to 100- after mitigation
This will offer buy setups in the MAJORS, with a preference for commodity CCY's
New Bull Market Begins for Stocks and CryptoDollar starts its retracement back to support as risk assets rally to new ATH. The American super power will not be unseated though, this is merely a short term trend.
Volatility is our friend though, lets all go out and play!
DXY Trading An Intraday CorrectionIn this update we review the recent price action in the Dollar Index and identify an intraday trading opportunity and price objective tot target
Long Dollar IndexGLOBALPRIME:DXH2023
DX shown range movement for a while
Buy as price dips
Take profit at upper range
May the trend be with you !!!
Dollar Index promise to weaken further until end of February 23Considering money flow cycles, the Dollar Index will weaken further until end Febr./beginning March 2023 to a level of approx. 99.35, which is a good indication, how long the Stock Market and precious metals are going to run upwards.
DXY LONG DXY will be wil trend higher.. look like need some push to higher.. there so maney factors are running economically , so no body cant control whats gonna happan..looks like major volume building up..if it reject higher price we short.. or we continue long dxy. once reach ITL level its easy to price go through it as trade location...
Dollar WILL breakout this week!The United States Dollar Index continues to trade in a tight range. This buildup will likely create a strong price movement for the next breakout direction. The only catalyst left for a breakup is the upcoming FOMC.
Downside target will be at 99.365 support region while upside target will be at 105.0 resistance region.
DXY ~ Dollar will remain King for 2023Expecting this demand level(103-105) to hold going into Dec FOMC.
Bullish Divergence in play to support the thesis. Time to fade this move.
US dollar , which direction are taking soon where do you think the us dollar will end up by the end of the month
Bobby's Homework Assignment1.23.23 Dollar on the Futures market: The dollar is at the support area. There is a battle between buyers and sellers at this area. This is also A double bottom. This might imply that the market is going to go higher since it is at a double bottom. This is not necessarily true. I spent some time on ABCD patterns. I am guessing that these patterns are probably used more to find targets comma as opposed to finding reversals. Maybe confusing if you have not thought about it in the past. The problem with using ABCD patterns as reversal patterns Is that this process can be much less reliable...especially when you were looking at very long-range projections. There will be plenty of examples to clarify this issue. In general, Start using the line tools to get used to them. Start thinking about support/ resistance Lines. Get used to the drawing tools, and then the nuances fall into place.
Dollar remain under pressuredThe United States Dollar Index remains under pressure. Only by breaking above the 103.225 will there be a shift from bearish to flat.
However, as price trades sideways, any breakout confirmation of 101.785 support region can push price towards 99.365.
Decision Point for the USDUpside bearish for Metals, Equities, Crypto, etc. Downside keeps the current rally alive.
USD Top Is Good For Crypto, But We Need Bounce On Stocks Hello traders,
In todays video I made a quick look into the DXY, BTC, NASDAQ100, Coinbase and even NZDUSD, which I think can be an interesting pair for long after a pullback.
long DXYDXY looks extremely bullish its standing on a strong support between the zone 101.9 - 101 AND the news are in Doller Faver i can see DXY go up soon trade safe do your own research.
Rising channel for DXY 1WWith the rising higher highs and higher lows in the close time period, I find this more appropriate to call a channel than a wedge. To call it a wedge, we should ignore this structure and in my opinion it is better to focus on the channel idea.But who knows what happens in the future :) this is my own idea, not a financial advice. Wish you all a great day!
DX1💥4H-TIMEFRAME ANALYSISDX1💥4H-TIMEFRAME ANALYSIS
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This is my new idea for 💥DOLLAR INDEX
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