DX1! Technical Analysis after complete bearish impulse now it is looks like this chart try to complete corrective wave. chart pattern target will be 92.300 (fib 0.618). head and shoulders neckline & 200 EMA can be help bulls to fly higher. stop loss should be 89.800 Longby AmithS444
Elliott Wave View: Dollar Index Correction In ProgressShort Term Elliott Wave structure in Dollar Index (DXY) suggests the decline to 89.209 on January 6 low ended wave (3). Wave (4) bounce is currently in progress and the Index shows an incomplete 5 swing sequence from January 6 low, favoring more upside. Internal of wave (4) is unfolding as a double three WXY Elliott Wave structure. Up from wave (3) low at 89.209, wave ((a)) ended at 90.13 and pullback in wave ((b)) ended at 89.66. Index then resumed higher to 90.728 to end wave ((c)). This move higher also completed wave W in higher degree. The Index then corrected in wave X as a zigzag. Down from wave W, wave ((a)) ended at 90.3, wave ((b)) ended at 90.55, and wave ((c)) ended at 89.932. This completed wave X. Index then resumed higher in wave Y, with internal subdivision of another double three in lesser degree. Up from wave X, wave ((w)) ended at 90.95. Pullback in wave ((x)) is in progress and expected to hold above wave X low at 89.93 for further upside. Potential target higher is 100% – 161.8% Fibonacci extension from wave (3) low which comes at 91.43 – 92.37 area where sellers should appear for 3 waves pullback at least.by Elliottwave-Forecast115
USDOLLAR Perpetual DowntrendDowntrend is obvious Using fib time to plot the ups and downs Shortby Bixley442
Dollar future continues to riseDX=F is continuing its advance as E7=F and GC=F moving lower. I am still long term bearish for US dollar but short term bullish looking at the chart.Longby TK04210
DXY (US Dollar) - LONG; Buy it up!!TVC:DXY This is a continuation LONG - from this post; To trade it, just follow the arrows! Here is the Long Entry; Longby Nemo_ConfidatUpdated 4
Dollar Index Looking good Monthly Chart of Dollar Index is looking good at current levels. Trendline Support Price action based strong support Longby Kru-KB0
Dollar Index, if it will break 90.60 area than USD may be strongDollar Index, if it will break 90.60 area than USD may be strong for long-runLongby PROFX-STRATEGY3611
DXY ~ Can expect some bullishness above 90.5$DXY showing some strength in LTF. Can reverse if trades comfortable above 90.5$. If not, will form base here in the range 90.5$ to 88.5$ for breakout or breakdown. Bearish only below 88.5$. Also im in slightly bullish bias for this reason. Longby nagunkns130
DXY Long Term overview #USDTake a look at the Chart and think what will be the next step...Longby AllenRo0
Let's see if we can establish a baseThe TD daily 9 in combination with the weekly 9 worked like a charm. Let's see if we can establish a base from which the bulls can start their next attack. As long as we don't make a lower low we are still game on.Longby Megapump110
DXY (Dollar Index) 1H : Trapped sellers due to price GAPThis Sunday, DXY / Dollar Index / DX1! gapped up, trapping a bunch of shorts. When price comes back to them, there's a high probability of them exiting - giving us a long trade!Longby makuchaku4
The USD rising again !Two weeks ago, the USD was seen to obviously be in a bullish divergence and was squeezing to burst up. On Friday, it just did that... so to demonstrate the daily chart would be used instead. The USD (no surprise here) popped up on Thursday and Friday. On Thursday, the USD index bounced off the descending wedge support and Friday's candlestick was a Gap Up, breaking out of a downtrend line. Technicals support this move as MACD crossed up, while the Price Momentum crossed over into the bullish zone, as marked by the green time line. Quite clear technical bounce observed here. Now to see if it is sustainable or trend changing. Btw... I'm a little cautious on seeing this chart. Because, in order for the USD index to rally really hard, and breakout of the descending wedge from this point, some pretty devastating event needs to happen. Nothing in plain sight, except for the US President handover, the alarming COVID-19 spread and massacre. Something major is brewing... by Auguraltrader223
Dxy climbing on UK Aid inverse head and shoulder on the dxy 4 hour. dxy gaining some strength on the UK 4.7 billion aid. the pound weakening gives the dollar strength by WALLSTREETJHONNYDIPZZ0
US Dollar Index Futures (ICE US: DX) : up to 96.460In the short term, US Dollar Index Futures (ICE US: DX) prices are likely to rise and key prices are 92.535, 93.350, 96.460. In the long run, they may move in the range of 90.990 and 97.935.Longby PtradeUpdated 1
DXY (Dollar Index) Some areas of potential reactionHere are some areas on DXY / Dollar Index / DX1! which are potential areas that could trigger a reaction. Remember, don't trade these zones by themselves - but use a lower timeframe, like Daily or 4H to find the trading opportunities. These zones on the weekly chart are a reference to what are some primed areas based on the history played out!by makuchakuUpdated 4
DXY (Dollar Index) Long term movement prediction for 2021DXY / DX1! / FX:USDOLLAR / Dollar Index is searching for liquidity, bouncing up and down in the process. This is my long term prediction on how it could move - given no major economic shifts. Option 1 DXY breaks below the Q1 2018 lows, collects liquidity It then runs up to fill in the fair value gap from Q3 2020 It then falls down and get rejected from Q3 2014 lows as those trapped shorts exit - creating a rally It then falls down again below Q3 2014 lows to collect liquidity Heads back up again in search of liquidity Option 2 DXY creates a short term low just before Q1 2018 liquidity run, so that it can trap even more traders It then runs up to fill in the fair value gap from Q3 2020 It then falls down, collects the liquidity below Q1 2018 lows Get rejected from Q3 2014 lows as those trapped shorts exit - creating a rally It then falls down again below Q3 2014 lows to collect liquidity Heads back up again in search of liquidity by makuchaku4
History repeating... from a higher lowUS Dollar Index Future's Daily Point and Figure Chart. Reduce noise, see more clearly.Shortby Badcharts4
Trend Analysis US Dollar & the Clintonomic1. Joe Biden will assume the office of US Presidency on 20 Jan 2021 and this will be the most closely watched event as his presidential speech will move the world around. 2. History will repeat itself and highly likely Biden's economic policies will mirror Clintonomic (20 Jan 2021 - 20 Jan 2001). 3. During this period, US currency was trading astronomically bullish against major currencies. 4. As oil price is negatively correlated to US currency so during this period it was a slowing moving object but the most major factor was due to lack of geopolitical risk as Clinton was not interested in missile warhead and he was famously said that "it is the economy, stxxxd..." 5. If history were to repeat itself again, Biden will press down the oil price , cold start US economy, push up US currency and US stock market . 6. US will be back to the open door policy and back to the central of the world stage one more time and may see the sudden end of US-China cold war (military and trade as Clintonomic will cut military budget and save the money for local economy and weather protection) and a strong US economy will need to buy more cost effective manufactured goods from China and China will in turn be buying more US bond and that will help to propel US dollar to higher level. www.investopedia.comLongby Yang358Updated 553
Time for the USD to rise again... The USD has been falling significantly, and is now bullishly divergent in technical terms with relation to the MACD and the Relative Price Momentum. an early attempt was just made, and despite a hasty retreat, this may be forming the consolidative base before a breakout rally ensues. This appears in line to expectations that the S&P500 is due for a pullback on bearish divergence, Gold having a suspicious type of short term rally, and Bitcoin pulling back slightly.by Auguraltrader0