DXY DOLLAR INDEX - a map for the future DXY DOLLAR INDEX - a map for the future - From the LS MASTER TRADING SYSTEM channel
Losing 93.3 , which is the actual support in green would be pretty important for the Dollar. For this reason this level must be carefully monitored.
During the future years, this general map will help our traders to visualize in the fastest way where we are heading in the Dollar journey.
Dxyviews
DXY - Outlook Sept 27 Sept 2020 - Bearish or Bullish? Hmmmm~Hi traders,
This is a video analysis on dxy,
Take note of all these levels i have explained in the video.
I have also attached the 23 Sept dxy video analysis which is still valid. There are some levels that i have explained then, and now it's still true and holding rather well.
Cheers!
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DXY - outlook 23 Sept 2020 - Buy biased but be wary!!!HI all traders.
This is a video analysis on dxy.
DXY is actually on the upside for now, but be wary that dxy is still a downtrend for now.
There are a few levels that i have pre-warn within the video for traders to take extra note on it.
Do take extra note on this because dxy usually will affect most of the usd pairs movement. Especially for EURUSD.
As always, hope you like this video analysis.
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DXY is out of the ranging territory USD buyers will be happyDXY manage to break the losing streak from March to August end. From this month DXY has broke the resistance level 94.00 which is comes around .382 Fibonacci retracement level
Broke and retest was happened today This will give some conviction to buy the USD. As EURUSD and DXY tend to move in a opposite direction and today EURUSD is also makes some lower correction
DXY passed some major psychological hurdles such as 92,93,94 and next near-term target would be 95.00. After touching the 92.75 level strong bullish candle was formed. 92.75 level acted as a resistance for the bearish trend
On Elliot wave principal the wave 02 was completed and the 03 wave was underway. Before this impulse wave correction we can see the Elliot triangle waves from A to E
The swing target would be 96.40 which will act as major resistance for the bull. Buyers of the US dollar will be happy enough as DXY manage to move above the ranging territory
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DXY - Bullish outlook Hi all traders,
This is a video analysis on dxy.
FOMC is this week, so please trade safe.
I have pre-warn some of the levels within dxy, so please take extra note on it and trade safe as always!
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Hope you like this video analysis on dxy.
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DXY - bullish biasedHi all traders.
For dxy, it seems like it has broken above the major trend line on the daily which will also signal the strong possibility of usd strength
However, we still have an important resistance that we need to break 93.90.
If this level is broken, we should continue to see the strength of dxy towards the next blue trend line before any bears appear.
If 93.90 is tested multiple times and yet still fail, we should see bears continuation.
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dxy - possible upside to continue Hi all traders.
Please take note for dxy.
Currently dxy has slightly broken the trend line but still trading below the 200ma.
On the h1, we are seeing dxy with structure still intact.
As such, as long as structure holds, we should be expecting the 200ma to be broken next week on h4 for more upside confirmation.
However, if h1 structure doesn't hold, we should see dxy continue going downwards.
It remains to be seen, but be prepared of how dxy gonna move next week..
Cheers!
DXY - bear biased Hi all traders.
For dxy, im still viewing the market as a major downtrend
As of now, im viewing it as a possible descending triangle
Most probably we might see some retracement happening within the triangle then further downside
Once support is broken, then we should see continue selling on a long term.
Cheers!
dxy - short still intacthi all traders.
Morning!
As shown in the chart, the bear flag is still intact
And so far, we have seen signs of bear defending the area as shown in the callout box
If there's any break out of this bear flag, we should continue to see this dxy to continue going downwards.
Cheers!
DXY - bear flag potential // break out of the box rangeHi all traders,
Morning! This is daily updates for dxy.
As you can see from the dxy, we might be seeing a potential bear flag.
If we were to break out of the trend line , we will see potential downwards movement, any further low , previous week low must be broken to further strengthen the bears on it.
As usual, any buy for dxy must be only above DAILY timeframe 200ma or trend line as shown.
DXY - BIG MOVESPreviously at the marked level of support price shot up through a level of resistance and all the way to the second level of resistance
I anticipate the same thing happening again.
I placed a buy last week and price shot up only to come back and test support BUT i see price shooting off again to the moon
Short $DXY against 98.00Hello Sophisticated Trader,
Our long DXY from Last week did go and test resistance. This coming week, the $DXY has seemed to test a double top and is likely to test the bottom back at 96.25. So, I'm looking to short the DXY for a test of the bottom of the current range to find support for the month ends.
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