DXY Idea H4Here is my view for DXY on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Dxyshort
The Action has Begun!The DXY has opened Bearish.
The 15min TF on the DXY has a GAP at 107.151 - 107.209. The DXY likes to fill imbalances sooner than later.
Leveraging this wisdom in confluence that there are imbalances to fill on EURUSD the Long Set up now is in effect.
There are 20 pips in the zone 1.01434 - 1.01711 that price is clearly going to fill up.
After EURUSD Rebalances those imbalances there should be a very heavy DIP SOUTH when all of the expected NEWS hits today.
Look for signs of the dip at 1.02206.
Never Over Leverage.
Trust your analysis and give it time to develop. Remember patience is key and nothing great is built quickly therefore allow your trades to mature. Remember you're almost never wrong just early.
This is a 6 Trillion Dollar Space so the $ will never run out. Have Fun and enjoy the show!
Now lets see how price follows the script today!
I AM PRo Trading Made Simple
WILL DXY GIVE US WHAT WE NEED 🤔On current structure price is forming a kinda reversal pattern which is an ascending pattern so basically there is a higher chance that price will Break below to maybe form a lager head and shoulders pattern and that'll give us more confidence/confluences for a valid drop.
LOOKS BEARISH
Good luck Always stay safe and trade safe!!
Setup to long DXYIf I see the breakout of the descending triangle I will long DXY....
The setup above yields 3.53R....
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50 PIPS UP!!!!! 50 PIPS TILL EXTREME.
Once price breaks Morning Zone Level it has 50 pips to range NORTH.
The DXY has broken South like a Knife off the 50th Floor!
Thus confirming the Long into the extremes of EURUSD.
Learn the ADR of the asset you choose and you will never trade blindly into its extremes.
Each asset has boundaries that it crosses only 20% out of 100.
Leverage this wisdom with the Fact the DXY has made a move south and your short set up will become evident.
Never over leverage.
Trust your trade set up.
Have FUN!
I AM PRO TRADING MADE SIMPLE!
DXYFrom the analysis as you can see... DXY is over-extended and theres high probability to break and retest lower.
What will nullify this plan is upcoming Powell data.
let me know what you think?
thanks.
DXY create AB=CD pattern. Short BUY, long SELL
N.B- In this situation DXY chart create ab=cd pattern.
So, market need to seems BUY correction Up to 107.300
resistance level. Then Market fall to 106.150 & 105.400 Support level.
DXY - Short#DXY in Daily time frame
DXY is way to touch the lower trend line of this channel before going back to touch the Resistance area
DXY 4H SituationAfter breaking the base flag in the 4-hour tf, I expect correction til 50% of the daily spike candle. After reaching that area, it will either move up or down who depend the situation of candle.
Short on Dollar Index- All Analysis were done on LTF... you can zoom into 1 Min timeframe to see the analysis
- Analysis were based on the smart money and ICT
- Since trading view does not allow to publish less than 15 min time frame, I tried to do it in the 15 min (Scalp is not accepted by trading view ;))
Nasdaq100 in the face of a major resistanceNASDAQ100 index is facing a strong resistance around 12,200 (represented in the 50-EMA) after rebounding from the broader weekly downward channel's lower boundary.
A confirmed breakout of the mentioned static resistance, will open the door for further +5.61% bounce (685 points) throughout the week to 12,885 level.
DXY and US10Y have likely topped out in the near termBased on fundamentals,
1. Recession scare may cause FED to stop hiking interest rates rapidly which has negative effect on Dollar.
2. US 10 Year Bond Yields (US10Y) have also topped out in near term..
Based on technical patterns, we see
1. Double top with negative RSI divergence. See BTCUSD idea which brought bitcoin from 69000$ to 30000$ in related idea linked below.
2. We have a bearish pennant in play now
3. High Correlation with US10Y and similar chart formation as seen below.
DXY Idea H1Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY - PARABOLIC MOVES ARE NOT SUSTAINABLEDXY - PARABOLIC MOVES ARE NOT SUSTAINABLE
DXY has once again move upside very sharply. This time it has created another bearish divergence after parabolic moves. Remember parabolic moves are not sustainable.
We are expecting it will come down to 103 level before any further upside to test its breakout region.
What do you think of the idea?
DXYA more in depth analysis of the coming correction of the move up from $88-$109.50 my predicted recent price peak IH&S pattern.
An obvious sell off taking place on the Daily TF which will likely hit 50 ema Daily TF target around $104 to complete the HTF A wave in the 1st abc down. Then up into HTF B wave before 5 down into wave C around $98. Crypto should F**king love this move. And our bags are packed!
DXY create bearish butterfly pattern. So, SELL NOW....
In this situation DXY chart create Bearish butterfly harmonic pattern.
So, market need to seems sell correction 107.3000 & 106.650 support level.
If breakout 108.620 resistance level then market will go 110.00 level.
DXY INDEXThis idea is on 1H frame
DXY index has brick ascending channel downwards , the nearest support zone is 107.84$ it expected to visited soon
Other markets explode as soon as the index goes down
DXY needs to rest for a whileas you can see dollar has been rallying up for weeks.
now after touching an strong resistance and the reaction i see it needs a deep pullback.
DXY US Dollar SELLIt's beyond me why anyone is chasing the US Dollar up here with the reckless nature of the US Federal Reserve and Government's fiscal house. $30,500,000,000,000.00 debt and ballooning deficits as far as the eye can see. The US Dollar will collapse and we will have a Great Depression 2 in my lifetime. Long term trend line is around 98, once that level breaks, look out below! Last time the DXY was this high was in 2002, 20 years ago when USA had around $5t in debt and running significantly smaller deficits, before that was 1985. Take the road less traveled and short DXY/ buy GOLD
DXY Potential Short Soon!Happy Tuesday Traders, Investors & Gamblers 😃
Today I want to talk about the U.S. Dollar Index . As mentioned in a previous post a couple of weeks ago, DXY is currently at a very strong resistance in a 15 year trend visible on the monthly chart here.
1D U.S. Dollar Index (DXY)
4H U.S. Dollar Index (DXY)
Here below I left it all in the charts for you, the key resistance levels and the support levels that are important to confirm a downtrend.
1D U.S. Dollar Index (DXY)
4H U.S. Dollar Index (DXY)
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
The USD is going to zero relative to BitcoinEarly today I was talking with a good trader friend, whom I respect very much, about Bitcoin. I said that "the U.S. dollar is going to zero relative to Bitcoin". My statement seemed to have ruffled his feathers quite a bit and he replied in a manner that suggested I was ludicrous for thinking that Bitcoin could ever be more valuable than the dollar, or that the dollar could ever go to zero.
Interestingly, though, the fact is that mathematically speaking, the U.S. dollar has already effectively gone to zero relative to Bitcoin over the past decade, as the above chart shows.
The equation 1 over BTCUSD is mathematically the same as USD/BTC or the relative value of the USD to BTC. As the chart shows, the USD is approaching zero relative to Bitcoin, and despite the "crypto winter" the trend is still holding up.
Notice, interestingly that the 20 EMA is resisting further declines in the relative value. While this single metric may not indicate the absolute bottom is in for Bitcoin, it is a fact that the USD/BTC equation suggests, to a higher degree of mathematical certainty, that the US dollar has already and will continue to move ever closer to zero relative to the value of Bitcoin. It's hard for people who do not understand logarithmic growth and decay to look at the Bitcoin chart and see anything but a shattered bubble right now (in 2022). I have seen multiple reputable traders try to impose a measured move on Bitcoin invalidly projecting it into negative numbers. Meanwhile, the trend is holding up, and between the US dollar and Bitcoin, over the long term, the logarithmic decay will likely continue for the U.S. dollar as measured relative to Bitcoin.
Indeed, the fact that the value of the dollar is going to zero on a relative basis is nothing new. This very fact is why we almost always have some degree of inflation, and very rarely deflation. With each new dollar printed the previously printed dollars are worth less. The chart below shows the downward movement of the value of the U.S. dollar toward zero relative to its past value. At some points in history, such as when the Federal Reserve moved away from the gold standard and when it began quantitative easing, the dollar's move toward zero has accelerated. This is logarithmic decay.
While the U.S. dollar is and always has been moving toward zero relative to its past value, it has not been until the past decade or so that a decentralized cryptocurrency using blockchain technology has come into existence as a means to hedge the dollar's decline. Anyone who does not hold any Bitcoin in their portfolio whatsoever as a long-term investment will regret it in the decades to come. Right now Bitcoin is on sale because the Federal Reserve has been reducing the money supply to curve inflation and temporarily giving the dollar a relative bump. This is a mere hiccup in the broader trend of the log curve growth in Bitcoin relative to the USD.
It's simple math and simple economics. Supply and demand dictate price. While the Federal Reserve will eventually restart the printing press and print limitless more U.S. dollars, the number of new Bitcoin coming into existence will be much less and is ultimately finite. Both Bitcoin and the U.S. dollar are fiats in the sense that the actual asset does not have inherent worth, both are merely valuable so long as people's faith in the underpinnings of the asset remains. While the U.S. dollar's status as the reserve currency diminishes over time, Bitcoin's adoption continues to grow.
Only time will tell which currency will be a better store of value over time, but the charts and the basics of economics make clear that a finite asset like Bitcoin inevitably is a better means of storing wealth than holding cash. So long as the money supply continues to grow exponentially, the value of the dollar will follow a logarithmic decay.
To have all your eggs in one basket, regardless of which basket, will likely prove a bad decision over the long term.
DXY more room for up before short sell DXY or dollar index had saw a nice bullish momentum for the upside, and that because of the inflation and the delta between dollar fed fund rate and the other foreign currencies rates.
last week a ECB member told the press that the ECB will start to raise rates gradually this year to fight against inflation, this will narrow the gap between interest rates.
DXY can push more up for this moment to 110.00 level before facing a major threshold where United States Dollar will be less attractive in comparison to other currencies.
