DXY / REBOUND?The pair has reached an important support area , if it will trigger a rally, try taking a long position on the pullback.
Dxytradingsetup
dxy update - sellas previously mentioned. dXY has now hit the top and reverseved back as said before. expecting this to continue down
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DXY UPDATE - DAILY AND WEEKLY UPDATESUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
DXY - PREDICTION AT IT'S FINEST... AGAIN!Hey folks,
As you can see, our analysis for DXY played out exactly how we expected it to.
From now on, we're looking for short setups.
When they move we move, so for now we're waiting for a good entry.
Let's see what they bring us.
Happy trading:)
DXY - Larger Structure FormingHey Folks,
Long time no see.. I've been busy with life in general so I didn't have a lot of time to post on here.
Here's my analysis for DXY as I've been looking a lot at EURUSD in combination with DXY lately and I must say, they work perfectly together!
DXY has been forming a nice larger structure with a 3 drive down into the 800 EMA and then reset up.
In between you can nicely see the H1 Resets (marked).
We expect price to move up some move over the course of the week (of course with some pullbacks) to then finally form a M structure and drop off.
This process could last until next Friday as there is NFP news coming out and Market Makers looooove to use the news to move the market...
Let's see :)) Happy trading to everyone!
DXY, 4th & 5th waves aheadHi guys !
Last week i shared an idea where i said "DXY is going back to 96". That's happened, perfect (linked below).
For the next week, a correction should happened to 95.5 to finish the 4th wave.
Then, the 5th wave could start and pump DXY toward 96.2 or higher.
That's sound good with my previous analysis on EURUSD with a great bounce on the BUY ZONE (linked below).
Let me know your advice !
Thanks for your time !
DXY -- BEARISH PRICE DIVERGENCE with consolidationWARNING: BEARISH PRICE DIVERGENCE
Higher Highs and higher Lows while price is consolidating
and RSI & CCI are making Lower Highs and Lower lows
Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout.
We still expect US Dollar Strength but it seems we are starting to run out of steam again on this particular rally.
Can we hold on and continue to rally ?
DXY POTENTIAL REBOUND AREATVC:DXY REBOUND..?
Hello! I have for you very interesting long idea
Stop on the chart. All details available on chart, but if you need - please comment and let's discuss.
Support & Resistance Fight95.00 resistance and 94.00 support is a key area of interest for the Dollar as you can see how price reacted previously to these levels. It has tapped 95.00 today and pulled back so there is bullish pressure there, but can the bears keep it below this level and closer to 94.00?
DXY - Daily UpdateRecent price action: Neutral
Pattern: N/A price is ranging at the moment after bouncing off daily resistance
Long-term momentum: Bullish
Short-term momentum: Bullish
Action: Wait to see if price will test and hold S/R. If so, enter long position and sell again at daily resistance. If price moves up and tests daily resistance, then wait until that is a confirmed level of support before taking any long USD positions.
Comments: Will be an interesting next several weeks. U.S. will release NFP data in June and price is nearing weekly resistance. Would be nice to see the dollar slowly make its way up to the 95.16 level before then; however, price still needs to test the 29 EMA. Next week might be a week of consolidation where price does test it.
Dollar Weakness In Coming Week!A perfect shooting star pattern on a descending trend line for the Dollar. Reversal at play off of this so expect some weakness for the Dollar this week!
DXY Strength - But A Trendline In The Way?The last two weeks we have seen some bullish moves with the Dollar which broke the DXY out of a low range. However on a weekly chart, we can see it has now reached a descending trendline around the 93.00 level. Could this be a bit of a make or break move for the Dollar? With a break to the upside and push towards previous 2017 highs or a rejection and downside move to test 87.00 area.
DXY Short at resistanceAnalysis:
I've seen DXY correctively retrace towards a diagonal resistance (trendline).
& It is currently entering into a 2 day reversal zone.
Hypothesis:
I am looking for latent sell orders to kick in at these levels, and a final wave down will ensue.
Price should trade down to a Weekly reversal area, where I have indicated by the blue arrow
Risk Management:
Trade potential 3:1 +
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
If you are concerned about shorting against short term bullish momentum.. you can wait for a 4hr bearish candle before entry.
PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
DXY Index Technical AnalysisIt seems DXY reached it's strong resistance @ 91.40
* US Dollar stronger seems more stronger from last week. There is a chances to breakout the current sideways channel to Bullish trend if the market price breakout 91.50 price.
* Otherwise it will continue the bearish trend for sideways channel.
Up Down Up DownThe Dollar Index has been stuck in this wedge pattern since the beginning of 2018. After a large fall from the 95.00 area it seems to have stalled and now deciding on whether to continue pushing down, or prove this wedge pattern is the bulls getting ready to go! Between 90.50 and 80.50 seem to be keen bounce areas for price to reverse so keep an eye for a a strong rejection / break of these levels...
Is The US Recovering?Will we see a break of the 89.90 level to start the rally upwards and back into known territory for the Dollar? Could 92 / 93 be on the cards...
Possible corrective structure on DXYI can see a B wave is forming in DXY and trading the C wave is a good idea. Please trade with care.
