DXY and USD Pairs Technical Analysis and Trade Idea In this video, we provide a succinct analysis of the U.S. Dollar Index (DXY) and its potential impact on USD pairs. Following recent bullish momentum, the DXY has become overextended, reaching resistance levels. Currently, we observe a significant retracement toward support. Our main goal is to identify an optimal buy entry point within this critical support zone, assuming price action aligns with our analysis from the video.
As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s essential to recognize that this content serves an educational purpose and should not be construed as financial advice." 📈🚀📊
Dxysignals
DXY hits major resistanceDXY: The USD index this week is touching the susceptible help area round 104.60, so withinside the brief term, the USD is anticipated to get better barely today. Most of the marketplace will now no longer have lots fluctuation because of the financial institution holiday. Ace can refer to shopping for with USD
DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel .
💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone .
🔔I expect the DXY Index to rise to at least the Resistance line .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY Channel Up bottom. Strong buy opportunity.The U.S. Dollar Index (DXY) hit both Targets that we set on our January 24 analysis (see chart below):
Yet again, a new buy opportunity is emerging as the price not only hit the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) Support Zone but also the bottom of the (dotted) Channel Up, which is essentially the Bullish Leg of the 1-year Channel Up.
With the 1D MACD about to form a Bullish Cross, that will be the bullish confirmation we need to buy and target 108.000 (near the top of the dotted Channel Up and almost +4% from yesterday's Low, which is a standard rise % within the pattern).
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DXY - USD Sinking To A Bottomless Pit The Fundamentals
When I think of U.S. Federal Reserve and U.S. Government infinite debt ceiling, the title of the movie, "The Gods Must Be Crazy" comes to my mind. What they are doing has only one end result, the destruction of the U.S. $ and its economy.
There are new sheriffs in town (BRICS - Economic Sheriffs, Russia, China, Iran - Military Sheriffs), the U.S. no longer has military nor economic hegemony, this is what's behind the power of the U.S. $, imagine being powerless to protect their interests in the red sea, where there's a new sheriff in town called Iran camouflaged as Houthis :D or being kicked out of Niger?
Some genius decades ago, had the bright idea that backing the U.S. $ by military power was a great idea, moving factories to China for the sake of increasing profits was also a bright idea, and at the same time antagonizing China.
The Technical Analysis
Counting the waves, looks like we've completed wave B of wave 5 which means wave C could take the USD below 92. Coincidently that's close to 0.5 and 0.618 Fibs. Wave 1 and 2 of wave C looks completed now brace for impact!
Mayday! Mayday!
The Bullish Scenario
Wave B of wave 5 could be an extended wave and take the USD all ze vay to 119 and crash afterwards.
DXY Index is Ready to Fill GAP🚀🏃♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone.
🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside the descending channel .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect the DXY index to Gp UP to at least the 🔵 GAP($106.613-$106.504) 🔵after breaking the upper line of the descending channel .
❗️⚠️Note⚠️❗️: If the DXY index can break the lower line of the descending channel, we can expect the DXY index to drop more.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY : Why does a stronger USD pose many risks?As US growth remains strong and expectations of the Fed cutting interest rates gradually decrease, capital has poured into this country's market and the USD has increased, specifically 4% this year and shows no signs of stopping. .
This situation is made even more difficult by the influence of other countries. By the end of 2023, the US economy had grown by more than 8% compared to the end of 2019. Meanwhile, the UK, France, Germany and Japan had grown by less than 2%. USDJPY record high. EURUSD dropped to 1.07 from 1.10 USD at the beginning of the year. The market even predicts that the pair will reach parity early next year.
If Donald Trump wins in November, there will be many problems. A strong dollar tends to increase the price of US exports and lower the price of imports, increasing the persistent US trade deficit, which has been a nagging problem for Mr Trump for decades. Robert Lighthizer, who designed the tariffs against China while Mr. Trump was in the White House, wants to weaken the USD. President Joe Biden has not made any statements about currency, but the strong USD also makes it difficult for his plans.
However, a strong USD will benefit exporters whose costs are denominated in other currencies. But high US interest rates and a strong USD have also created imported inflation, which has been exacerbated by rising oil prices. Additionally, companies that have borrowed in USD face tougher repayments. On April 18, Kristalina Georgieva, head of the IMF, warned about the impact of these developments on global financial stability.
DXY Weekly Analysis Here's the corrected version:
Last month, we anticipated that the #DXY price would continue to be bearish and take support liquidity from Mon 10 Jul '23. However, the fundamentals contradicted last month's analysis as the #DXY strengthened again after inflation rise and the Fed announced they would keep interest rates fixed until the next meeting. It's probable that we will see a Bullish trend in DXY this year if there's no decrease in inflation or interest rates.
This highlights the importance of fundamentals in this quarter. From a technical perspective, we observe weakness in breaking the support liquidity in #DXY, indicating that it will likely rise again and target Mon 02 Oct '23 for short-term liquidity.
For the long term, we anticipate the price will reach a fair value in the MON 07 Nov '22 liquidity gap as the long-term target.
DXY Dollar Index Technical Analysis and Trade IdeaIn this presentation, we conduct an in-depth examination of the technical aspects related to the DXY. Our evaluation uncovers a possible trading prospect. We conduct a detailed review of the prevailing price movements, examine the market's framework with precision, and take into account the forces at play in the market. Given the advantageous circumstances, we pinpoint a prospective point of entry. Nonetheless, it is imperative to emphasize the importance of applying strong risk management measures. It is important to remember that the content of this video is intended solely for educational purposes and is not to be interpreted as investment advice.
DXY Uptrend entering its final phase.The U.S. Dollar Index (DXY) hit the first out of our two bullish targets (January 24, see chart below), and despite a minor divergence, remains well within our pattern:
That is the 2nd Bullish Leg of the long-term Channel Up pattern. We are past a 1D Golden Cross with the short-term pull-back finding support on the 1D MA50 (blue trend-line). The last 1D Golden Cross was on September 20 2023 and it gave one last rally before forming a Higher High just below the 1.236 Fibonacci extension and completing a +7.85% rise from the Low.
Symmetry plays a key role on this pattern, so we will pursue our final 108.500 Target whih is exactly at +7.85% from the Higher Low and marginally below the 1.236 Fib. An additional indicator that can tell us when to sell could be the 1D MACD. If it hits the Resistance Zone and then forms a Bearish with the price in decline, then consider it an early sell signal.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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DXY update before PMI price is near the resistance 0f 104.750 >> 104.800 >> 105
now the question whether the price sweep or run through this liquidity ???
as price has made higher high and higher lows with recent bos we are looking to buy instead of going short
during the impulsive momentum candle price has left behind some bullish fvg which are pending below at the level of 103.700 level before this we have higher low (this higher low could be the liquidity
before 103,700 i dont see any major fvg or ob as of 4h time frame
price currently going all time high which need to take a pullback to fuel the upside move again
the candle formed since 27th march are mostly sideways following a trending which is another area of liquidity laying below it
🚨DXY Index Is Ready to Go Down by H&S Pattern🚨🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴.
📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern .
💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible.
🔔I expect the DXY index to continue its decline after breaking the 🟢 Support zone($104.26-$103.88) 🟢 around $103 .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY BUYING ON DIPS TILL 104 HELLO TRADERS
As I can see DXY is tested a strong support zone and now it can move up again to test the trend line till 104 with more good data for US this Week CPI and Inflation rate can boost the dollar again from this given support our risk reward is great on this trade it's just a trade idea share Ur thoughts with us it helps many other traders Stay Tuned for more updates