Does the perfect fractal exist? DXY's current holding pattern matches a previous reversal almost perfectly. If it continues to play out I'd definitely rather be owning assets than sitting on cash.
Dxyanalysis
DXY Analysis 1Sep2023There is a possibility that Dxy has experienced saturation and Wave 5 has been formed. At present the price is trying to try to reversal, there is a blue line limit where if the price drops more than the area there is a possibility of bearish.
DXY .. Which scenario? Our last position was risk-free and the price returned to our entry point. I expected the dollar to drop, but you are still acting strong...
we will wait until Friday's confirmations...
Which scenario do you think will be chosen?
coment below this post
DXY Rangebound Since Dec Don't Miss the Opportunity to Long It's time to dive into the world of currency markets and explore what's been happening with the DXY (US Dollar Index) since December. Despite the buzz surrounding Jerome Powell's Jackson Hole speech, the DXY has been in a range. However, fear not, as this article aims to illuminate this situation and present a compelling case for why now might be the perfect time to long the dollar. So, let's get started!
Understanding the DXY Rangebound Situation:
Since December, the DXY has displayed remarkable rangebound behavior, seemingly unaffected by various market events and economic indicators. This range has left many traders wondering about the potential opportunities. Even Jerome Powell's highly anticipated speech at Jackson Hole failed to break the DXY free from its confines.
The Call-to-Action: Long the Dollar!
While the DXY's rangebound behavior may seem discouraging initially, it's important to remember that within every challenge lies an opportunity. Now is the time to consider going long on the dollar, and here's why:
1. Economic Resilience: The US economy has demonstrated remarkable resilience amidst global uncertainties, thanks to solid consumer spending, robust corporate earnings, and a proactive fiscal stimulus. These factors position the dollar favorably for potential gains shortly.
2. Interest Rate Divergence: The Federal Reserve's commitment to maintaining accommodative monetary policies while other major central banks contemplate tightening provides a unique advantage for the dollar. This divergence in interest rates can attract investors seeking higher yields, further boosting the dollar's strength.
3. Safe-Haven Appeal: In times of uncertainty, the US dollar has historically served as a safe-haven currency. With geopolitical tensions, ongoing trade disputes, and the potential for market volatility, the dollar's safe-haven appeal will likely remain intact, potentially driving its value higher.
4. Technical Indicators: Despite the rangebound behavior, technical indicators suggest that the DXY is nearing essential support levels, indicating a potential upward breakout. This presents an excellent opportunity for traders to capitalize on a likely rally in the dollar.
Conclusion:
As traders, it's essential to stay optimistic and seize opportunities even in challenging market conditions. While the DXY has remained rangebound since December, it's crucial to recognize the potential for a breakout shortly. Considering the abovementioned factors and analyzing technical indicators, going long on the dollar can be rewarding.
So, fellow traders, don't miss the chance to ride the potential dollar rally! Stay informed, closely monitor market developments, and make well-informed trading decisions. Remember, every rangebound situation eventually breaks, and when it does, you'll want to be in a position to benefit.
DXY, to longThe DXY has formed a doji on the Daily frame which shows indecision in the price, however the DXY has been able to consolidate above the 103,917 support with a strong rejection wick above it which gives me a bullish signal to the trendline resistance at 104.991 with a possibility of breaking above the ascending channel to the next required resistance of 105.654.
This could cause the dollar quotes to sell in the coming week.
DXY LONG TERM TRADE SELLING
Hello Traders
In This Chart DXY HOURLY Forex Forecast By FOREX PLANET
today DXY analysis 👆
🟢This Chart includes_ (DXY market update)
🟢What is The Next Opportunity on DXY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
DXY New Week MovePair : DXY Index
Description :
DXY Index is Following Bearish Channel in Short Term Frame and it has Breakout the Upper Trend Line it can Reject from the Previous Strong Resistance ( 104.578 / 104.668 )
And in Long Time Frame it is Following ELLIOT WAVES Theory , according to it will make its " 4th " Corrective Wave at Fibonacci Level " 61.80 / 78.20% )
Analysis of the dollar index in weekly timeTemporarily, the dollar continues to rise in a few weeks, and considering the emptying of orders in the 100 area, this rise is a fake rise for a deep fall to the 97 range.
After reaching the lower green area, the day of the incident begins. A big incident that may come with bad news...
In the weekly time, the dollar will reach 115, and on that day, other markets will bleed
I am watching...
DXY- What's up with the US DollarIn my previous DXY analysis, I wrote that, after the false break from mid-July, USD most probably reversed to the upside, and there are clear signs of this:
1. After the false break we have a strong bullish engulfing candle that confirms the old support (green rectangle)
2. Long-tailed Pin Bar candle that confirms the break above the falling trend line (red rectangle)
At this moment, the index is testing a horizontal resistance and yesterday we had a reversal candle.
In my opinion, this candle is not signaling reversal but, in the best case, a minor correction.
This correction should be considered a good chance to search for selling opportunities for USD pairs and my main focus is on EurUsd and AudUsd
🚨DXY crash after 🐮Bull Trap🐮🚨↗️DXY Index reacted well to the Resistance Line .
🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮.
🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart.
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 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 daily chart pattern📉TVC:DXY
CAPITALCOM:DXY
Hello traders, please check my previous ideas about the dollar index.
If the price stabilizes above the 3-hour Bollinger Midline, the probability of a bullish scenario and a break of the pressure zone (the area between the two trend lines) increases.
Otherwise, if the dollar index fails to maintain the support of the 3-hour middle Bollinger line (around the 102.5 level), the bearish scenario will continue to the 100.9 level.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
Is DXY Poised for a sell OFF?? Is DXY Poised for a sell OFF?
The market broke structure to the upside, on the 4hrs timeframe,
I expect the market to trade to a supply zone at 104. I expect the the market to start pulling back once we come to the supply region. we just have to be ready to capitalize on the position.
Winter is coming???DXY is under resistance and may goes down again.
Market is waiting for Jackson Hole Symposium, but, its like
US Dollar can weak again.
Trade safe.
Good luck.
Exciting Shift in the Forex Market With USD aka DXYBrace yourselves as I bring you an exhilarating update on the current state of the US dollar (DXY) and its encounter with the formidable BRICS nations.
You may have seen recent headlines highlighting the growing influence of BRICS (Brazil, Russia, India, China, and South Africa) on the global economic landscape. These emerging economies have been making waves, challenging the traditional dominance of the US dollar and signaling a potential shift in the forex market dynamics.
Before you start panicking or getting overwhelmed by the constant stream of news, I urge you to take a step back and focus on what truly matters – the chart. Yes, you heard that right! While news headlines may grab attention, it is crucial to remember that charts are the ultimate source of truth for traders.
So, here's my call to action: Ignore the noise, tune out the sensational headlines, and instead, keep your eyes glued to the chart! Charts don't lie; they provide invaluable insights into market trends and potential opportunities.
The US dollar, a long-standing powerhouse, has faced its fair share of challenges in recent times. As the BRICS nations continue to strengthen their economies, their currencies are gaining momentum and threatening the long-standing dominance of the US dollar. This exciting development presents a unique opportunity for astute traders like you to capitalize on potential shifts in the forex market.
By focusing on the chart, you can identify patterns, spot emerging trends, and make informed trading decisions. Watch the movements of the US dollar and the BRICS currencies closely, as these shifts could open up new avenues for profitable trades.
Remember, excitement is the lifeblood of trading, and the evolving dynamics between the US dollar and the BRICS nations offer a thrilling prospect for those willing to seize the moment. So, keep your emotions in check, stay disciplined, and let the chart guide you.
In conclusion, my fellow traders, I urge you to embrace this exciting shift in the forex market. Disregard the news, trust the chart, and remain vigilant for potential opportunities that arise from the evolving relationship between the US dollar and the BRICS currencies.
DXY RUNNING IN RANGEDXY is running in range of 103.30 and 103.45. If it is breaking 103.45 and retesting from 103.57 will for 104 and if it is breaking 103.30 and resting from 103.20 then will go for short to 102.88
DXY Index New Week MovePair : DXY Index
Description :
Strong Resistance Level
Bullish Channel as an Corrective Pattern in STF
Completed " 12345 " and " A " Corrective Wave
Impulse Correction
RSI - Divergence
Analyzing DXY's Upward PotentialI remain optimistic about the DXY and anticipate that its upward trajectory will persist, potentially tapping into significant Buy Side liquidity. Currently, I am monitoring two scenarios. The first involves a potential retracement back to 102.742 on either Monday or Tuesday, followed by a market ascent later in the week. The alternative scenario entails an initial upward movement to around 103.247, subsequent retracement to clear out some sell side liquidity, possibly touching upon a weekly IFVG and then embarking on an upward rally.
Given these possibilities, I intend to adopt a risk-off strategy, focusing primarily on short positions in major indices and the EUR/USD currency pair. I'll keenly observe how the market unfolds in the coming days.
DXY follows as updatedUS Dollar Index same as I updated in my analysis, Rebound from 103.20 to 103.60 around. after that seen pullback. Now it's retesting and looking target again 103.20 and we may see below 103 next coming week.
Will DXY USD Rise Due to BRICS Alternative Currency Credibility?
Introduction:
Traders are often on the lookout for potential opportunities and risks that can impact the forex market. Recently, the credibility of the BRICS alternative currency has come under scrutiny, leading many to wonder if this could fuel a rise in the US Dollar Index (DXY). In this article, we explore current affairs and discuss why traders may consider longing for the dollar amidst these uncertainties.
The BRICS Alternative Currency Credibility:
The BRICS (Brazil, Russia, India, China, and South Africa) nations have been exploring the possibility of establishing an alternative currency to reduce their dependence on the US dollar. This move aimed to challenge the dollar's dominance in international trade and finance. However, recent developments have raised concerns over the credibility of this alternative currency.
Factors Affecting BRICS Alternative Currency:
1. Economic Disparities: The BRICS nations vary significantly regarding economic growth, political stability, and fiscal discipline. These disparities can undermine the credibility of the proposed alternative currency, as it requires a solid foundation to gain trust and acceptance in the global market.
2. Political Challenges: The BRICS countries face differing political ideologies, hindering their ability to maintain a unified front. Disagreements over economic policies, trade practices, and geopolitical tensions can weaken the credibility of the alternative currency, potentially favoring the US dollar.
3. Global Economic Uncertainty: The ongoing COVID-19 pandemic and its aftermath have caused economic uncertainties worldwide. In such times, investors often seek refuge in safe-haven currencies such as the US dollar, further bolstering its value.
Why Consider Longing the Dollar?
Given the potential challenges faced by the BRICS alternative currency, traders may find it prudent to consider longing the US dollar. Here are a few reasons to support this stance:
1. Safe-Haven Status: The US dollar has historically been considered a haven currency during economic uncertainty. As market participants seek stability, the dollar strengthens, making it an attractive option for traders.
2. Global Reserve Currency: The US dollar is the world's primary reserve currency. This position grants it significant influence and liquidity, making it a preferred choice for international transactions. Any threat to the credibility of the BRICS alternative currency could further solidify the dollar's dominance.
3. Market Sentiment: Traders often base their decisions on market sentiment. If doubts surrounding the BRICS alternative currency persist, it could lead to a loss of confidence among investors. This shift in opinion may drive them towards the US dollar, potentially causing an upward movement in the DXY.
Call-to-Action: Long the Dollar
Considering the uncertainties surrounding the credibility of the BRICS alternative currency, traders are urged to evaluate the potential risks and rewards carefully. In light of the factors discussed, longing the US dollar could be a prudent strategy to consider. However, conducting thorough research, analyzing market trends, and consulting with financial advisors to make informed decisions are essential.
Conclusion:
As the credibility of the BRICS alternative currency faces threats, traders are left wondering about the potential impact on the US dollar. While uncertainties persist, the dollar's safe-haven status, global reserve currency position, and market sentiment may strengthen it. Traders are encouraged to closely monitor market developments and consider longing the dollar as a potential strategy in these uncertain times.
DXY Analysis. Its close!Hello Everyone. I want share my idea about DXY.
In my last idea DXY price went exactly as i planned.
( I will link in that post that idea )
After big news what was CPI we had big fall which retest Aug low and came back to weekly trendline. but what we have here now? what is my plan for next week?
We are at really important place because its close to July Strong high ( from here we saw pretty Bearish movement which was almost with no LH and broke Weekly support)
Weekly trendline (from that trendline it touch 4 times and after all the touch we saw big bearish movement, its 5th touch) and daily resistance ( here we had many touch).
My price prediction is short but i will open my short position after i see FOMC news, i think at the new day we will see some real movement of dollar. I would like to see retest that all zone what i mentioned and see if sellers are still strong or not. If seller will be still active we will see one more strong down side movement.
DXY Analysis 17Aug2023Although in the past month the dollar index looks bullish, I am still under analysis that it is likely that there will still be a bearish / maybe a deep correction for the near time.
DXY : Short Trade , 4hHello traders, we want to check the DXY chart. The price is moving in an ascending channel and has reached the specified key level. We expect this level to act as a resistance level and the price will react to this level and fall to around the price of 102.500. Good luck.
DXY Analysis. FOMC minutes dayHello Everyone. I want share my idea one more time about DXY, and what i need for open my short position.
How i said in my last 2 idea we have bullish dollar but at 1W timeframe its bearish. But at the moment what we are looking it broke weekly bearish trendline but got big rejection from daily resistance. For bullish movement it need to brake this resistance and after retest continue trend.
Here is my example what i need for open at dollar short position which will be i think signal from new strong sellers.
We need to be patient for see what we will get from this chart.
I will link my 2 price prediction of dollar 1 from here was profitable for me.
