How Low Can You GoHow low can you go? There seems to be more room for you. Why don't you take a break and then dive deeper if you really want to? For us, we can have a sip of water too to get ready for the next cardio... -_-
Dollar_index
DXY Rebound.Hey, I am back with another Forex idea, this time looking at DXY, dollar index currency.
I expect DXY to rebound from the are of 94.65 - to 95.00 at least to 96.30 - 96.50, this does not mean, that dollar will be in uptrend, just this week and the half or whole next week will dollar see a rise.
So long USD, because it's really oversold at strong bounce area.
Good luck with trading!
DXYThank you Mr. President and (Of course Jay P) lol .. just sharing my view, not a trading call! Good Luck
Go long dxy divergence Mobile here today sorry.
Can’t do a detailed post.
Dxy looks a great long here though on hourly divergence, fake break of the double bottom
Dollar analysisLast week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear trendline on the daily chart, and breaking above it is what we are waiting for. The most conservative traders can look for breakout and successful trendline retest before taking a trade. We have a good setup for a potential big rally, but patience is a must.
DXY 95.96 - 023 % LONG IDEA Good Day Everyone
A look at the DOLLAR INDEX which is strongly bearish and is strading in an ARC structure respecting the structure at that looking for continuation to the downside to support level 95.69 then a reversal out of the ARC structure... lets see how it goes
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
DXY REMAINS BEARISHs3.amazonaws.com
Unless DXY breaks the previous resistance which it attempted to about 6 times, it is super bearish.
Dollar Index........ Bullish ??? Observations..... Pull Back in downtrend.....
Super Bull Power only above 99 (on closing / breakout)
Else trade levels given in hte chart and enjoy...
Happy Trading.........
Only heavy weakness in equity markets can make dollar more lucrative...
DXY : Dollar Index Gaining Strength ContinueBuy on Pullback confirmation, watch Breakout and Buy.
ThankYou
DOLLAR INDEX (DXY) DAILY ROADMAPDollar Index daily analysis based on global combination of pitchforks and Fibonacci expansions.
Uptrend Confirmed .
ENTRY: 97.51
TP1: 99.23
TP2: 100.96
SL: 96.74
Update Power Trend DollarAs you see on the my setup chart above, this pair DXY done with this power rebound trend... Watchout buyer..!
DXY is close to the Mirror Level!I'll watch the price action near the Mirror Level. If I'll see an accurate entry point there can be a good trade.
I can share my entry point here only if you will like this post.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
💵 Dolla Dolla Bills Y'all. (DXY)😯 The almighty usd is at a critical point of Resistance as it compresses for a major move.
The green triangle is your zone of compression. I analyzed this chart not too long ago and spoke about how this Resistance level would be a strong level. We continue to fight as the monthly and 2 month start to compress and shift red with the ema dots indicator below. Once the support or resistance on the triangle breaks that will show you the next multi year cycle of where the dollar wants to go. Breaking down would result on a lower low and a lower high on the major view of dxy.
It almost resembles the same patter from 1986 to the early 2000s, a massive cup pattern.
A breakout to the upside would be extremely bullish.
Major long term support is the green arrow on the bottom of the long term downward channel that we are currently in. Keep on printing that mooolahh 🤔
Hope this helps! Have an awesome trading week! 🥳
🥇MLT | MAJOR LEAGUE TRADER
DXYI think DXY just goes in for a re-test of the 200 ema, then fails for a double bottom B4 testing the 102 area again, then ultimately rolling over heading down to 89..
DXY (USINDEX) BUY FROM MAJOR SUPPORT !!!We are start buying USDollar Index from this strong support zone
with low risk and high reward
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USD Index (DXY):Multi TF shows destination 92 routed via 98.80 The multi-timeframe analysis for DXY shows the short term bounce towards 98.80 before heading lower towards 92.
Following is the step by step break down of the analysis from higher to lower TF's:
MONTHLY:
(1) Bearish due to bounce from the long term down trendline acting as resistance.
(2) The bearish divergence comes in play between the leg 3 & leg 5 of the impulsive push-up.
(3) Followed by a lower low breaking through the structural horizontal support.
(4) Bounced higher towards the falling trend line and gets rejected, thus forming a hidden bearish divergence to continue lower.
The above-mentioned facts make the probability of pushing it towards the confluence of support zone from 92.85 - 91.33
The confluence of support is derived from the multi-year rising trendline + Horizontal support & resistance structure + Fibo Extn. 61.8 at 92.11
WEEKLY + DAILY: Are under upward correction
8 HOURLY: Bounced up from the channel support after reaching 100% Fibo Extn. around 95.80
1 HOURLY:
(1) The first push-up is completed along with bearish divergence.
(2) Now it's retracing to re-test the projected up trendline (RED), from where it may bounce-up to create the second leg towards channel's high.
(3) Once, it reaches the upper boundary of the channel + horizontal resistance around 98.80, it may resume the downwards journey towards the 92-93 area.
TRADE IDEAS:
Short term- Buy the retraces until it reaches 98.80
Long-term- Selling it, once gets rejected from the channel's boundary along with a break of the rising trendline + re-test validation of the resistance.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
Dollar is gonna fall dramatically !?It's seems that we're at the end of wave B correction.
the best trigger for entering the trade is shown in the chart.
Another thing that is showing us the end of up trend is RD- in macd.
Dollar Rebound GuysAs you see on the chart H4 DXY, this pair still going on the track for rebound after deep downtrend....
US Dollar Index ( DXY ): Technical Analysis shows more downside DXY is rolling downward for the last couple of months.
The technical analysis hints for more weakness and bearish target 94.65
1. The price is moving in a descending channel
2. Currently, it's trading below the key resistance of 97.20
3. It may bounce upward for a short term from the Fibo Extn.100% at 95.80 due to oversold condition + bullish divergence coming in play on MACD
4. 94.70 is the target insight with the higher TF's still remaining bearish along with the confluence of horizontal support/swing low/channel bottom and Fibo Extn.
Therefore, I suggest selling it on a rise for the given target.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
DXY falling...will it continue ?The dollar broke out of the ranging wedge to the downside could see a nice pull back. Im still short on the dollar and could see other pairs against the USD keep rising
dxyI'm thinking this is what we r working with. After all stimulus from Fed & Trump degregulating Wall St, dollar demand should tank into June, July. Then maybe a LH put in vs the overall long term trend B4 finally the DXY heads back down to .88c
This fits well with my oil longs crypto longs and overall bullish sentiment..
