DXY Idea H1Here is my idea for DXY on H1. The price should go up. You can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Dxyidea
DXY Idea H1Here is my view for DXY Idea on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY- Can it reach 100 by year's end?After breaking above the rounded bottom neck-line in November, DXY has confirmed its long-term trend change.
The month of December is marked by consolidation in a rectangle with resistance in the 97 zone.
I expect a break to the upside soon and we can have a 3 digits Index quote by year's end.
As long as the price is above 94.50 USD is very, very bullish
Sell rallies on EurUsd, GbpUsd. AudUsd and NzdUsd can be a good idea
DXY Idea H1Here is my view for today's DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY is pressing higherAfter reaching a high of 97, DXY has started to correct and, after a few days of correction, the index has started to consolidate in a tight 0.5 points range.
Now it looks like is pressing to the resistance of this range and a break here could lead to further gains and a new local high.
My target for the index remains 100, and traders should look for opportunities to sell rallies in EurUsd, GbpUsd, AudUsd and NzdUsd.
A drop under 95.80 could mean that the index has further to correct and expose 94.50 very important support.
Overall USD is strongly bullish on medium-term and the safest way to play it is to buy it low.
DXY Idea on H1Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY Chart H4Here is my view for DXY Chart on H4. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXYExpect to continue the correction up to 50% move before the point of contact with the uptrend line
U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bullish candlestick last week, again making its highest weekly closing price in over one year. The price has broken above the level at 12238 which I had identified as key resistance, although the closing price was not high enough to be very confident this resistance has been invalidated. The price is above its levels from 3 and 6 months ago, which shows that a long-term bullish trend in the greenback is present. Generally, these are bullish signs, and are supported by the risk-off market environment being at least somewhat supportive of the greenback.
The best strategy in the Forex market over the coming week will probably be to look for trades long of either the USD or the CHF or JPY.
DXY- A lot of bullish confirmationsSince 10th November, DXY has become strongly bullish with the index breaking above VERY IMPORTANT 94.60 resistance.
If we look at a longer daily chart we can easily see that at this moment we have a major shift of trend and DXY has a lot of bullish confirmations, starting with this break, but also with a double bottom in 90 zone and, after the second bottom in June, a lot of higher lows and a major rounded bottom break.
I expect USD to remain strong for the rest of the year and 94.60 is now strong support
Rallies in EurUsd, GbpUsd, AudUsd and NzdUsd should be sold
DXY AlternativesPotential Long & Short positions upon confirmation. Entry only at supply zone for Longs while Short at resistances.
DXY create bearish butterfly pattern. Short sell, long buy
DOLLAR INDEX MY VIEW-
N.B-DXY chart hopefully create bearish butterfly pattern.
So market seems down to 94.757 & 94.611 support zone.
Then the market fully buy to 95.777 resistance level.
DXY- Entering very strong resistance and sell zoneLast week I was wondering if we will have a break above 94.50 resistance, and indeed, we had it.
After this break, the index has accelerated its gains and now is trading near a very strong resistance and sell zone
I expect at least a correction from this zone and a drop to 93.50 support
Traders should look for buying opportunities in EurUsd, GbpUsd and NzdUsd
DXY- Will we have a break?Since the end of May, DXY is trading in a clear up trend, putting in higher lows and higher highs on our chart
At this moment the index is trading exactly in resistance and NFP today could be the trigger for a break
Such a break could accelerate gains towards the next important resistance at 96 zone
📣 This week's news is crucial 📣The economic news this week is very important and can determine the direction of the dollar as well as gold.
DXY- More growth to come?After reaching a local high at 94.60, DXY corrected and dropped to 93.50 support
Yesterday, a bullish Engulfing has formed from this support and we can expect more growth in the next few days.
94.60 can be bulls target and selling rallies for eurusd, gbpusd, audusd and nzdusd can be a good strategy
DXY (dollar index) analysisI believe the US dollar is still very bullish. This drop it has been experiencing, I believe is a retracement. I Expect price to drop as far as the support and I will be looking for opportunities to go long in the golden zone of the Fibonacci tool. This outlook on the DXY matches very well with my analysis of the EURUSD. I believe EU is still very bearish, and a bullish retracement is expected.
*Disclaimer*
This is not financial advice. Trade at your own risk.
US Dollar Index Short Term OutlookDXY Short Term To Intermediate Term Outlook:
Looking at DXY Printing A Short Term Bearish Price Swing To "91.20-91.00".(But I would love to see price sweep above previous weeks high to "92.930" Before the aforementioned drop).This is a balancing price swing.
After The Balancing Price Swing, Now We Anticipate An Intermediate Term Swing To The Upside From The "91.20 & 91.00" Figures, To The Projected "95.500 & 95.750" Price Range Target.
DXY- And up we brokeAs I argued before, DXY is in a bullish trend for some months now.
Yesterday the index has broken above resistance and the road is clear to 95 zone.
Sell rallies for EurUsd, GbpUsd, NzdUsd and AudUsd is my strategy
