Get started

Dxysignals

DXY- Could it go under 90.50?Two weeks ago I said that I expect 92 support to fall , and now we have this break, and Dollar index is trading at 90.65 at the time of writing. More important is that DXY is now just above another support situated at 90.50. If we look closely at the chart we can see that after finding support at 90.50, USD Index made a short term double bottom that I've spoken about and although we have a correction at that point this was very short-lived and the index reversed and broke under the flag pattern support. I expect USD to remain weak and, indeed, we can have a break under 90.50 support. The next support is around 89 zone and, in this situation, EurUsd can be the best bet for rising and challenge 1.25
TVC:DXYShort
by Mihai_Iacob
1
DXY Bearish until ChristmasPattern: Channel Down on 4H. Signal: Sell as the price is approaching the 4H MA50, which has been rejecting every upside attempt since November 04. Also the RSI is at the top of its Channel Down and the MACD is repeating the November 10 - 13 sequence. Target: 90.100 (-1.30% as per the November fractal). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
2
DXY- Double bottom on H1, correction underway?As I correctly anticipated, DXY broke under 92 important support and that lead to a 1.5% loss for the index, a strong break above 1.2 for EurUsd and GbpUsd reaching 1.35. Now the index found support in 90.50 area and has formed a small double bottom visible on H1 chart. The neckline of the pattern is broken and we can expect a correction to 91.50 zone resistance. I will look to sell rallies for EurUsd, GbpUsd, AudUsd and NzdUsd in this context.
TVC:DXYLong
by Mihai_Iacob
2
Dollar Devaluation - DO NOT Be FooledThis is an update to my last Dollar chart a few months ago. Once again, I've been bearish on the dollar for some time now, we see it has broken below support and is starting to fall. We got the break and close below the 93 support level which could lead to a free fall for the dollar. Now, we don't know the exact time frame for this all to happen, and when you zoom into the smaller time frame chart, there are support levels represented by the second line at the 95.50 level that could cause the price to bounce temporarily. Overall, the strength we've seen in Stocks, Gold, Silver, and Bitcoin shows the weakness of the Dollar, and I believe this will continue going into 2021. It's possible we see a bounce, but unless we see a large push back above the 100 level we should expect further weakness from the Dollar.
ICEUS:DXYShort
by CryptoSyphn
DXY Trading PlanPattern: Channel Down on 4H. Signal: Sell once the price approaches the 4H MA50, which has been acting as the Resistance since November 04. Target: 91.220 (a -0.75% decline from a projected 4H MA50 contact point). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
DXY to break supportAs I said over the weekend, I expect 92 support to fall, and if we look closely at the price action in USD major pairs we can see that each and every dollar's attempt to strengthen was sold by bears. Considering 3 months of consolidation above this support and the fact that the index is pushing and pressing down I expect this break not only to happen but for USD to spiral down in the medium term. My favorite pairs for buying in this context are: EurUsd, GbpUsd and AudUsd
TVC:DXYShort
by Mihai_Iacob
DXY- A break under 92 means disaster for USD (weekly outlook)For 3 months now, DXY is trading in a range between 92 zone support and 94.50 zone resistance. Although the 92 support has not been broken yet, USD seems very weak with all rallies being very well caped by bears. I believe that this support will fall eventually and USD will spiral down to 88 support. In this context AUD, NZD, GBP, and EUR should be bought against the dollar and I'm looking for a medium-term gain of around 5% for these pairs
TVC:DXYShort
by Mihai_Iacob
3
DXY Trading planPattern: Channel Down on 4H. Signal: Sell if the 92.600 Support breaks or near the Symmetrical Resistance. MACD made a Bearish Cross which favors selling already. The 4H MA50 is acting as a Resistance and normally that delivers a new Low (October 06 fractal). Target: 92.150 (just above the Support). Recent DXY idea: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> seba26-77 --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
U.S. DOLLAR INDEX Is it about to crack below 90.00?Scary as it may seem, the price action on the recent consolidation, along with the MACD, have formed on the 4H chart a pattern much similar with the April-May sequence that led to the collapse of June and July. The first low before the recent Bottom was made on the 2.618 Fibonacci extension, as seen on the chart. If we apply the same parameters, we get 89.500 as the next target. Are you betting on a USD sharp sell-off after the U.S. elections? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> didogetsov --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
5