Buy on DXY DipStrong bullish trnd on current Dollar index.
Buy on the dip of the rally.
And take short term profit before the swing high.
Dxylong
DXY update - Staying flatDXY started strong today, leaving the rest of the markets weak... Added a second scenario, as DXY moved above January open...
I'm flat now... Waiting for a clean shot when it becomes more clear what the BIAS is going to be tomorrow...
- No trade is also a winning trade -
DXY - Dollar In the middle of October I suggested to short the dollar in this post:
Unfortunatley didn't have time for an idea to post. A few days ago I closed the short positions , and now I think it's very possible the dollar will print a rally in the following days.
The FED's rate hiking cycle pushed the dollar above 114 in the summer, but in October the market started to price the end of the aggressive rate hiking cycle...
The dollar collapsed in a few weeks breaking every level almost without stops.
At 101 finally we found a support.
101 was the bottom of the 2022.05.30.correction :
and this is also the 50% FIB retracement of this 2-year-rally.
The chart is not giving too much sign of a reversal yet, only MACD is showing divergence,
and trying to cross over. Ahead of the next week FED meeting I think we a have good chance for a dollar rally.
DXY moving up to weekly resistance zoneDXY hit the monthly support and bouncing off of that. It is likely that it will reach to the weekly resistance 1 as marked on the chart and there it shall be pushed back down.
DXY, watchout! DXY is at higher WMA, I believe this is time we saw slightly retracement at Crypto and Stock market
I am anticipated that it will be bearish February, sideway March and then April we go green again!
DXY LONG PLAY 06-02-23 (H1)
The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
DXY LONG PLAY 06-02-23 (H4)The weekly close was very bullish , this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
DXY LONG PLAY 06-02-23 (Daily)The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
#DXY- LONG-After last week NFP data and recent CPI data has weaken DXY, however, we are expecting a smooth reversal at our area.
-The fear in the market has led DXY suffer heavily.
DXY strong to the upside after FED meeting...DXY moving to the upside due to the interest hike by the FED, it means USD getting stronger, look for bullish for USD Pair at least for a week.
USDCAD - Bullish - as USD Strong, CAD (USOIL) will be traded to the south due to the slow demand as Operational Cost will be increased (USD).
USDJPY - Bullish - JPY so sensitive with the interest hike
Dollar Long BiasHey traders, here is the analysis for the USD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Dollar will longPowell confirmed his expectation that the central bank will raise interest rates (at least) two more times, but his acknowledgement that “the disinflationary process has begun” has given traders more confidence that those will be the last two hikes of this cycle and that the Fed will be on hold midway through Q2. Meanwhile, his repeated focus on “core services ex-housing” provides a clear inflation metric for traders to watch to evaluate whether what the central bank will do in the coming months. Here this is not actually FED dovish but not hawkish.
US labour market performing very well; Yesterday JOLTS Job Openings 11.01M from 10.44M, Tomorrow NFP data with Publish; Technical chart says Data Will be Favour for Dollar.
Dollar now create a bullish butterfly pattern from 100.5xx or Fibonacci 1.42 support.
Might FED INTEREST RATE be POSITIVE for the dollar???The USD INDEX might be ready for a buy after a break of a trend and a retest ahead of FED INTEREST RATE DECISION
USD preparing for tomorrow's FOMC...Protect yourselves from volatility, CRYPTO may have some better entries tomorrow ;P
things could revisit the 200ma 4hr or 21 ma daily. DYOR
long USDSGP , USDJPY...
short AUDUSD ;)
Pre-fed DXYThe noise pollution for the market is extreme this week, from interest rate announcements to non-farm payrolls and manufacturing PMI's. Based off technicals, the dollar is looking rather perky at the moment. The DXY seemed to find support off its 61.8% Fibo retracement level, from the 2022 gains, of 101,841. I suspect a move higher towards the 50-day MA level of 103,950 is on the cards. This level coincides with the neckline as well as the 50% Fibo retracement level of 104,184. A break above this resistance range between 103,950 and 104,184 will allow the greenback to test the blue zone between 105,092 and 105,690.
The RSI has bounced out of the overbought zone and the daily MACD indicator is currently holding a buy signal which is dollar positive.
DXY to gain strength over the next months.Falling wedge formation chart. Moving into a higher volatility environment for the next few months. Inflation numbers should continue to fall quickly, especially relative to other countries as the real economy feels the lag effects of the FED rate hikes.
Dollar Index Chart Analysis....
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart shorttime chart create higher high move.So, market need
seems buy correction @ 102.555 and 103:135 risistance level.If breakout this
resistance level, then market Buy UP to 104:000 resistance level.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
Drawing supply and demand areas and possible scenarioDrawing supply and demand areas and possible scenario Drawing supply and demand areas and possible scenario Drawing supply and demand areas and possible scenario Drawing supply and demand areas and possible scenario
DXY LONG DXY will be wil trend higher.. look like need some push to higher.. there so maney factors are running economically , so no body cant control whats gonna happan..looks like major volume building up..if it reject higher price we short.. or we continue long dxy. once reach ITL level its easy to price go through it as trade location...
dxy weekUS DOLLAR INDEX
last GDP data was strong as compared to its prvevois but down trendline act as a resistance and push the price down again.If price goes up chance to get resist again from thats trendline which push the price to the support
F.O.M.C data Here give a clear direction of Dxy. For trade first find proper price action
DXY will continue to rebound in shocks, 18/1000, 29/1/2023
The 104.7 price of DXY is the key price pressure, short-term rebound can be considered to take profit at this price, marked as the g line
What is synchronous is that after the rebound, the trend of SPX is just below the pressure level P line, and it starts to fluctuate and fall, which is synchronized with the rise and rebound of DXY prices
Looking at a specific stock TSLA, it is confirmed that the short position of TSLA breaking through the support level will continue. 181, the already established pressure level, can form an effective suppression with the rebound of the dollar, and the opportunity for short positions to increase will be generated simultaneously.
USDCAD Analysis DXY will rise this week! CADs’ gross domestic product comes out expected to be negative.
NDX US100 Sell Entry Look for a Us100 Drop this week due to the DXYs pump this coming week during FOMC. Indices should take a turn down stay tune for more. Nasdaq is Bearish.
