It will go down if.....if it does not make a clean Breakthru from the last high.
momentum decreased, price pump from nowhere.
70% chance that it will go down.
Dxyshort
USD DOLLAR suspect bearish for 102#USDDOLLAR, usd dollar monthly key reversal bar made a new high closed off the low. weekly bar 16th-20th May formed two bar reversal for bearishness ahead. 13th May daily bar is a key reversal bar confirmed with next bar down a insurance bar. 104.40-70 supply area for short. stop loss above 105.10 which is 13th May high.
SHORT DXY ✅✅✅Here we have classic manipulation on buy side liquidity and previous weekly high liquidity, the price also filled to the pip the imbalance, now I expect the price to take out trendline liquidity.
Looking for a buy going into LondonI will be going in looking for buys in London, but first we need to take out the level marked in red to the downside and I will enter below that with half the position and if we dig into the purple level I will take another entry targeting the highs above.
DXY BUY FIBO RETRACEMENT LEVELHello Traders,
I'll trade this idea on DXY looking for a long position around the 61.8 % and 38.2 % Fibonacci's Retracement because the dollar is bullish.
Pure technical analysis trade ( watch spx too inverse correlated )
Dollar Create Bearish FlagDXY will drop from current level; Technically dollar create bearish flag! So i anticipated dollar will be short from this level to 100.3xx
Looking for a buy in London for EurUsdWatching EurUsd in the London session for a drop into the levels marked on the chart. If we do, I will go in looking for a long to target BSL and maybe leave something on for the level above marked in Grey ;).
$DXY : will the dollar Crash?DXY Has hit the weekly resistance level and it got rejected hard and fell out of the parabolic curve. Now it is consolidating into a bearish Wedge and i expect more downside if we break below.
Also stocks and Bitcoin will bounce if DXY Breaks down...
Go short DXY DollarThe dollar (day) looks like ready to collapse here as the stock market booms of major support levels. Inflation looks to of peaked to me and this DXY short could be epic. Look at the major hourly divergence forming at the top of this rising wedge. Short and hold with a wide stop in case we have some slight higher highs though I doubt it
DXY SHORT, LONG ASSESTS.Looking to short dxy
And Looking to long Eurusd with good invalidation/risk reward
DXY Topped out?DXY completed 5 of 5, bouncing off the 3.6 fib from June bottom. It briefly eclipsed the 2016 and 2020 highs, highest since 2002 now. This could be signaling higher prices for equities and commodities soon. Will be watching for corrective or impulse here; but a 100 test seems fairly certain.
DOLLAR INDEX | MONTHLY ANALYSIS#DXY has hit the strong resistance of 103 where a strong rejection candle is in formation.
For above 103, the bullish parallel channel will be active, and the upside target of 115 will be insight. But this 103 level has not crossed since 2002.
For below 103, a correction is due till 99 or maybe more than that.
On a daily timeframe, there is bearish divergence and 99 is insight.
Let us know what do you think of the idea?
DXY Dollar Index : Tighten your seatbelt, airplane in space 9.5Simple, practical, efficient.
We are looking at the highest level since March 2020.
A very smart trader once told me - Buy low, sell high.
And looking at December 2016, March 2020 - Jackpot would have been hit both occasions with a short position, with 15% down for USD on average both times.
Now let's connect that to today.
What's similar? The level it self. 103.80-104.50 is the range both times the USD came down crashing, showing strong horizontal resistance in this 5 year window.
What else? Extreme stretched MACD showing overbought condition only similar to March 2020 and December 2016.
And? RSI 14 on weekly chart shows the most stretched overbought condition since 2015, when DXY came down from 100 to 91 within weeks.
Now let's look at the other possibility , a clear breakout higher than the horizontal resistance.
This would be a breakout of a very long-term consolidation , which would mean the beginning of a new up-trend that could take the USD to highs only seen before 22 years ago and before than the mid 80's.
Is this probable considering the extreme overbought condition across big and short timeframes?
Is this probable considering the highest national debt in history by far?
Is this probable considering the tech bubble burst?
Is this probable considering the worst inflation in 40 years?
Is this probable considering the rate hike is already priced in?
And the list goes on and on.
Make an informed decision, don't buy expensive.
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DXY Dollar Index Bearish Current market structure is bearish. Creating Lower lows and lower highs. No signs of reversal yet. Will keep updated throughout the week.
DXY areas for possible sell scalpDxy is respecting this channel so far and if price corrects at these resistance it could be a good areas to scalp sell. if it breaks the channel the idea is invalidated.
DXY DOLLAR INDEX #TheCryptoCityDXY DOLLAR INDEX
The DXY (dollar index) and BTC have always had an opposite relation.
Always keep a watch on the DXY, as well as the BTC charts and price activity,
since this serves as a leading indication for predicting price swings in the crypto market.
If DXY continues to decrease, BTC + alts will finally be clear for an upside breakthrough.
When DXY shows signals of strength. on the other hand, it's preferable to de-risk some of your crypto positions.
This is an extremely good sign for #Bitcoin and #Altcoins
DXY (Dollar index) is descending slowly
DXY Chart 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 - SHORT #DXY H4
Last setup is still valid
new Update for More Confirmation
H&S pattern Break Neckline
More Down for Next Period of Time.
$DXY looking ready to cool off.Another touch at ATH. Should cool off for a moment. Let Crypto and Stocks run a bit. Retrace to 95?
DXY DOLLAR INDEX #TheCryptoCity$DXY DOLLAR INDEX
Break down below the trendline on the 4 Hours time frame. It's getting ready to take a plunge
This is an extremely good sign for #Bitcoin and #Altcoins
DXYThe dollar index has entered the resistance range and there is a possibility of a correction to the range of 102,500.
If the dollar index can break the range downwards, a downtrend will happen.
This is my personal opinion. Please do not trade based on my analysis and data.
DXY - Complete Compression ⚠️The DXY was luring early sellers in with a compression move.
They then finally decided to complete this compression with a liquidity grab move.
Now that early sellers have been stopped out, could enough liquidity be created to make a small sell retracement?
Bear this in mind if you are trading USD pairs today traders! 🏌️♂️
