DXY 103.176 - 0.06% SHORT IDEA HTF BIAS 🐻🐻🐻HELLO TRADERS
Hope everyone is doing great 🛑 New week new opportunities
A look at the DXY ahead of the new week 👌 MULTI-TIMEFRAME ANALYSIS
DXY DAILY
* We see the 78.6 % FIB level holding in the past week.
* Looking for signs of some bearish momentum for continuation with the bears.
* The DXY is currently trading in PREMIUM.
* Any signs of bearish momentum would Signal Bearish moves for the week that is.
* Bullish momentum changes the Bias for the week & possibly signals reversals
DXY 4H CHART
* We see rejections at the VI holding.
* DXY failed to take the high on Friday, signaling possible weakening of the bulls.
* Looking at the small FVG above to hold and reject.
* This would be one of the confirmations for some Bearish moves.
DXY 1H TIMEFRAME
* On the 1H we see that the 4H FVG does not align with premium.
* But we find a -OB just above this zone on the 1H
* Looking for rejections at this levels.
* For a bearish week.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Dxyshort
Bearish potential detected for UUP & DXY (ie --> USD weakness)Following US dollar strength looking at DXY during the final hour of trade this morning on the US markets, both DXY and UUP represent a potential bearish opportunity should momentum continue and lower highs and lower lows be made past the current position, aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the high of the chart formation on 03-Oct (i.e.: above the high of $30.07 for UUP and $107.348 for DXY).
Is the DXY in a long term downtrend? DXY Downtrend
The 6 month candle chart suggests we could be in for at least two red quarters which would suggesting positive markets..... which seems contradictory to the current sentiment BUT not the current charts (S&P, NASDAQ,etc).
The weekly chart currently shows the critical resistance at $1.00 and we appear to be heading straight for it.
I genuinely think that given the 10 month SMA turning to the downside will act as resistance and the three tests of the underside support may puncture the resistance and lead to further downside.,
As always there are no guarantee's but the DXY chart in my opinion currently looks bearish long term.
I am currently looking at a time based analyses at the which will follow
Time will tell
PUKA OUT
DXY (Dollar Index) Shorts from 103.400 back down!As the dollar has been consolidating in the past week, opportunities near the current price are limited. However, my nearest Point of Interest (POI) is a supply zone on the 14-hour chart. I am looking to capitalize on this by selling to continue the bearish trend observed in the dollar index. I'll be patiently waiting for a breakout from this range, aiming to fill the imbalances above and eventually reach our identified supply zone.
On the flip side, if price breaks below the consolidation, it could tap into a demand zone, sweeping liquidity beneath the range. In this scenario, I anticipate a bullish reaction, possibly a temporary move to the upside before eventually targeting our supply zone.
Confluences for Dollar sells are as follows:
- Overall temporary trend for this pair is bearish so this idea aligns with that bias.
- Bullish pressure is now getting exhausted as you can see from the ranging price action
- Price has left imbalances just below the supply that needs to get filled, validating our POI.
- There is lots of liquidity to the downside that needs to be taken.
- Price is due for a pullback to enter a level of supply if price wants to keep dropping lower.
P.S. If price unfolds in a manner similar to how EURUSD is behaving, I will patiently await a breakout from this area. Subsequently, I will assess its behaviour and adapt my approach based on the information the market presents.
Have a great week ahead traders!
DXY 102.367 +0.02 AHEAD OF CPI THIS AFTERNOON 🐻🐻🐻HELLO TRADERS
Hope everyone is doing great a look at the calm before some Volatility in the form of some 🛑 folders from today
DXY 1H CHART
* The DXY has been range bound since the beginning of the week ahead of CPI & GDP among other releases.
* Typical price action ahead of Big news realeases.
* The US CPI might just provide that needed catalyst for some big moves as the year continues
* The DXY has been trading / ranging around 61.8% fib but other wise very neutral as we see on the 1H since Monday.
* The same can be said with the
EUR/USD 1H
AS WELL AS
GBP/USD 1H
AND THE
AUD/USD 1H
SEE ATTACHED IDEAS ON THE ABOVE PAIRS.
As the sentiment stays the same.
*** TRADING HIGH IMPACT NEWS IS HIGHLY RISK AS THE VOLITILITY IS CRAZY THIS IS NOT ADVISE TO EXCECUTE DURING THIS HIGH IMPACT NEWS***
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
📉🕵️ DXY: Brace for a Thief-Like Dump! 💥🚨🔻We are currently observing a triple top rejection on the Relative Strength Index (RSI) for DXY, which indicates that the major players in the market are selling the USD dollar at the moment. Although we are uncertain about their plans for Thursday, it's always wise to follow the money and see where it leads.
This development is favorable for commodities such as gold, silver, natural gas, and crude oil.
Based on the price movement, it appears that the target for DXY is 101. Do you think DXY will reach that level?
AUD/USD 0.66910 -0.23% LONG IDEA HTF BIAS 🐮HELLO TRADERS
HOPE EVERY ONE IS GREAT A LOOK AT THE AUD/USD HIGHER TF PROJECTIONS FOR THE WEEK
DXY DAILY BIAS
* Should the DXY CONTINUE its bearish trend we looking for the AUD/USD to continue bullishly.
*Bias for the DXY IS STRONGLY BEARISH hence AUD/USD WE'RE STRONGLY BULLISH Sentiment wise
AUD/USD DAILY TF
Similarly to the EUR/USD
* We saw a Big indecision candle close on friday.
* Beautifully Rejecting off the +FVG.
* Looking for some push towards the downside to take internal range LQ/ discounted price
*PERFECT OTE for longs in continuation with the trend.
1H TIME-FRAME
* Today looking to clear some SELLSIDE a tap into that +OB.
* Looking for some bearish moves into HTF internal LQ before continuation with the bulls.
VIOLATION OF +FVG CHANGES THE WHOLE BIAS
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
DXY 102.590 + 0.15% SHIRT IDEA HTF PROJECTIONSGOOD DAY TRADERS
NEW WEEK NEW OPPORTUNITIES
Hope everyone is good a Look at the DXY for the coming week
WEEKLY TIME-FRAME
* We saw the DXY fill some imbalances (-FVG) AND REJECTING ON THE WEEKLY
* In Anticipation of the trend-continuation looking for a retest of this zone.
* A rejection would signal continuation of the trend.
DAILY TIME-FRAME
* Similarly to the WEEKLY we Reject from that PD ARRAY and close below.
* Looking for a sweep of BSL to see continuation with the bears.
* CISD + BEARISH MOMENTUM close candle would be great confirmation as the week goes.
* VIOLATION of the PD ARRAY changes the whole plan & bias.
1H TIME-FRAME
* Today looking to see clear of BSL, or just trade above the 50% of the impulse move.
* A tap into the HIGHER TF PD ARRAYS
* REJECTION at this points to be looking for shorts as the week goes.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
What should we expect from DXY Index by the end of 2023❗️❓🗺️👋Hi everyone (Reading time less than 3 minutes⏰) .
📚One of the most important Indices that we should have an analysis of is the DXY index because it has a direct impact on the Forex , Cryptocurrency , and stock and etc markets. So, in this post, I'm going to show you the 🗺️ Roadmap 🗺️ for DXY until at least the End of 2023 and Early 2024 .
💡I used the Monthly time frame and Elliott wave theory to display the DXY index roadmap better.
💡First of all, it is better to know that the DXY index has formed an Ascending Channel since 2008 and is moving in it.
🌊According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 impulsive waves in the ascending channel so that the 3rd wave was an extended wave .
🌊As a result, it seems that Corrective waves have started, and to confirm this, it is better to wait for the break of the lower line of the ascending channel.
🔔I expect the DXY to move between 🔴Heavy Resistance zone($107.62-$103.10)🔴 and 🟢Support zone($101.64-$99.58)🟢 by the end of 2023 and early 2024, and in mid-2024 , the DXY will begin to trend Down , and Financial markets will likely turn 🚀Green🚀 .
DXY Index Analyze ( DXYUSD ), Monthly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY Shorts from 102.400 Down towards 101.000The DXY forecast remains bearish in my view; however, there is a notable strong bullish retracement occurring. I perceive this retracement as temporary, as the price is retracing back to a premium supply level. I anticipate a distribution to take place in either the 1-hour supply zone I've identified or...
Alternatively, if the price continues to climb higher, fully mitigating the imbalance, it may enter my preferred 14-hour supply zone, which previously caused a break of structure to the downside. Should the price decline without touching these two zones, I will then be on the lookout for a buying opportunity around 101.000.
Confluences for DXY dollar sells are as follows:
- Dollar is temporarily bearish due to the break of structures on the higher timeframe.
- Currently price has reacted off a demand so I can expect bullish pressure to get exhausted.
- Price is slowing down foreshadowing a potential wyckoff distribution to play out.
- Lots of liquidity still left below in the form trend line liquidity and major imbalances.
- Candlestick anatomy shows that price might have a bearish drop as its mitigated an imbalance above partially
P.S. While my current stance is bearish in the market, this minor bullish retracement appears temporary, and I anticipate the price to resume its downward trajectory. However, considering the presence of numerous imbalances, I prefer to observe price movements before deciding on my course of action.
Have a great trading week ahead guys!
DXY Analysis. Was that Bottom? Hello everyone. I want share my idea about dollar index price action.
At 23 November i shared my idea where i said dollar was dead and it were going to fall and it happened ( I will link in that idea that post) In my last stop i said that price was my interesting price where we are now.
Yesterday we had some aggressive buyers, they have good reaction at weekly LVL but will be that reaction sing of trend change? i think its sing of correction. we have here pretty bearish movement which broke lot of resistances which were strong, in my opinion long dollar is early, if it will have some strong reaction at daily resistance then we can say it was correction but lets see what will be trend from New Year. Here is second reason why i think that, US20 bond is still pretty bearish, their economy is not strong enough yet for rise dollar price but who knows, i short both in November ( i will link that analysis in this idea)
For my idea i have some scenes.
Scene 1 - price took buy orders at weekly support which was lot of and it had reaction after big fall but sellers is still strong and price still fall down.
Scene 2 - price don't have enough seller, for that it testing daily resistance where seller will active, it will make correction and continue fall.
Scene 3 - price took lot of strong buy orders, this weekly support zone was interesting also for hedge funds and for new year trend will change which will be sing for new Position signals.
Always manage your risk and make your own research!!!
DXY (Dollar) Shorts from 101.300 or 102.000My outlook for the dollar remains bearish, but it's currently in a bullish retracement phase triggered by the reaction at my identified 17hr demand (POI) from last week. I anticipate price to continue its upward movement to eventually reach a premium level. In this scenario, I'll be looking for selling opportunities around the 4hr supply zone or the 14hr supply at the top.
While the 4hr supply is still a possibility, it's not the optimal choice for sells due to its location within a trend line that I anticipate being taken out. Instead, I foresee a reaction at the 14hr supply, located within the 0.786 Fibonacci range and having caused a break of structure. Therefore, I'll be patiently waiting for some form of distribution to unfold once the bullish pressure is exhausted.
Confluences for DXY dollar sells are as follows:
- Dollar is temporarily bearish due to the break of structures on the higher timeframe.
- Currently price has reacted off a demand so I can expect bullish pressure to get exhausted.
- Price is slowing down foreshadowing a potential wyckoff distribution to play out.
- Lots of liquidity still left below in the form of equal lows and trend line liquidity.
P.S. Although I am currently bearish on the market, my overall sentiment is bullish. The recent reaction off the 17hr demand might spark an upward rally. Additionally, there's a 9hr demand zone where I anticipate another bullish reaction.
HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
DXY Long term Analysis. "King Dollar" is dead!Hello Everyone i want share my idea about DXY price analysis.
After big push up of dollar we saw some bearish momentum of dollar which is pretty clear, which i think made from us economy fall. couple of a week ago i published my idea about US20 Bond where i was bearish, because of 1 month chart RSI divergence and economical numbers.
Today at dollar we have clear bearish movement which testing support zones but the strongest support we have at 101.250 LVL 1W support. if dollar will continue fall then i will wait reaction from that 1W support, if we will get some trend change moments then i will publish my idea where i will be bullish.
Now i am bearish, my interesting price LVL will be 104.500 where we will see possible rejection from resistance.
BE PATEINT!!! ALWAYS MAKE YOUR OWN RESEARCH!!!
DXY H1 / BULLISH DOMINATION ON US DOLLAR💲Hello Traders!
This is my perspective on DXY H1. I see US DOLLAR very strong in the next few days. That's why I'm looking for a short entry for GBPUSD. The H1 chart shows a change of structure, and I expect an increase until the OB from the price of 102.350. Also, below this price, we have an FVG (fair value gap) or liquidity.
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www.tradingview.com
USD Holds Near 5-Month Low on US Inflation ConcernsIn a fragile holiday trading session on Tuesday, the US Dollar Index remained at 101.6, hovering close to its lowest point in five months. This comes as additional signs of declining US inflation reinforce bets on the Federal Reserve initiating interest rate cuts next year.
Published data on Friday revealed that the core PCE index, the Fed's preferred inflation gauge, dropped to 3.2% in November from October's 3.4%, below the anticipated 3.3%.
Moreover, Thursday's figures showed weaker-than-expected economic growth in the US for Q3, along with a slight increase in unemployment benefit claims in the recent period.
The US dollar trades near multi-month lows against major currencies, facing the risk of further depreciation compared to the yen. This concern amplifies as BOJ Governor Kazuo Ueda stated on Monday that the likelihood of achieving the 2% inflation target is "gradually increasing."
DXY (Dollar Index) Shorts from 101.800 down to 100.800The outlook for the Dollar this week is a continuation of its bearish trajectory. With a recent downside break in structure, I anticipate a correction, expecting the price to retrace into the 14-hour supply zone.
Upon entering my Point of Interest (POI), I'll wait for price distribution and a change in character as a signal that the dollar is prepared for a decline. Additionally, I acknowledge the presence of imbalances above the supply, suggesting the potential for a break beyond this supply into a more premium area.
Confluences for Dollar Sells are as follows:
- This bias aligns with the current bearish trend that has been perpetuated.
- Lots of major trend lines, equal lows and asian lows below on the higher time frame.
- There's a14hr supply zone that has broken structure to the downside causing BOS.
- For price to maintain its bearish trend it must react off a supply to trigger another sell off.
P.S. While the dollar maintains an overall bullish stance on the higher time frame, it's only a matter of time before price sweeps liquidity and reacts strongly to a major supply. However, given the current bearish movement, It's advisable to follow the existing trend instead of opposing it for the time being.
If you guys have any interesting perspectives on this market, feel free to share down below!