DX1! trade ideas
US Dollar's Point and Figure ChartWhat was the sentiment when it had dropped hard and resting on support line? Didn't stop it from dropping alot more!
Bad things happen when below 12 & 36 period moving averages.
dollar index mega trendAccording to my previous analysis of bitcoin, I can say that when the bitcoin reaches the ceiling, the strength of the dollar should be the lowest. The date of this event can be December 2021. Up to 88
Do you think this will happen?
USD Strength and its Breakout!The USD is breaking out, or has broken out... with strength.
See the Daily and Weekly indicators, including the candlesticks.
Next resistance is about 92.70
This is much implications across markets, including Crypto.
Heads up.
Fed sentiments and D1 double bottom rallyI heard huge number of speculators since yesterday as usual blaming obscure "unknowns" for manipulating USD value as most of market was anticipating USDX to fall below 85. Fed kept interest rate unchanged near zero but clued elevation of rates in future which worked as catalyst to USD and rally occurred which tumbled major currencies and metal prices against usd. However, in my opinion, market was already giving reversal signals with rising inflation, soaring oil prices and macroeconomic data it was easy to anticipate Fed would most probably try to aid USD. On technical grounds DXY chart already formed a double bottom on D1 tf which is a bullish sign as well. In the current scenerio i clearly vote for dollar bulls rally to continue
Risk reward ok on dollar.Being long the dollar might be a bad idea, but it's a pretty good opportunity to take a low risk trade using the previous pivot low as the bottom. It looks a little scary, but many of the more profitable trades are, so that shouldn't disqualify it totally.
Mostly I just wanted to see if I could find a trade to use the mesa trigger to find something on the daily.
Elliott Wave View: Dollar Index (DXY) Correction In ProgressShort term Elliott Wave view in Dollar Index (DXY) suggests cycle from March 31, 2021 peak has ended. Index is now correcting that cycle and the correction should unfold in 3, 7, or 11 swing. The rally from May 25, 2021 low is currently unfolding as a zigzag Elliott Wave structure. Up from May 25 low, wave A ended at 90.44. Internal subdivision of wave A unfolded as a 5 waves impulse structure. Wave ((i)) of A ended at 89.84 and pullback in wave ((ii)) ended at 89.58. Index resumes higher in wave ((iii)) towards 90.18. Wave ((iv)) ended at 90, and final leg wave ((v)) of A ended at 90.44.
Wave B pullback has ended at 89.66 with internal unfolding as a zigzag in lesser degree. Down from wave A, wave ((a)) ended at 89.98 and wave ((b)) ended at 90.12. Final leg wave ((c)) of B ended at 89.66. Wave C is currently in progress and should see a few more highs before ending the cycle from May 25 low. Near term, while dips stay above 89.66, expect the Index to extend higher a few more highs before ending the cycle. The 100% extension from May 25 low comes at 90.57 – 91.1 where cycle from March 25 low can end and a 3 waves reaction lower can happen.
US Dollar's "swim or sink" analysis.US Dollar Future's 6-month candles
Sea level at 91.82.
Currently below and still sinking...
#usdollar #gotgold #gotsilver #debt #inflation
Elliot Wave on DXYWe can see clearly a elliot wave forming on Dolar index, ending this retracement leg, and moving to the next expansion which will lead to 90.400 area.. let's see.
This is not a trade, just a movement that will reflex on every dollar pair..
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Da para ver claramente uma formação de onda de elliot no indice dólar, terminando essa retração atual e se movendo para a próxima expansão até a área de 90.4000... vamos ver.
Não é uma idéia de trade, é somente um movimento do índice, que reflete o movimento do dólar contra/favor dos outros ativos.
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DXY next target is 89.165We are forming 1st wave after correction. And next stop after few corrections is 89.165. But this one will be broken down for sure. Next really strong support is 88.500. Idea is alive. Sell USD, buy whatever you want.
