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Dxyshort

#DXY is giving us a hint for the upcoming move in the market.I'll keep it short and simple. Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level. Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market. The index must close below the red MA for the final confirmation. Although we are at a decisive point, the patterns are indicating a potential bearish move. Invalidation:- Break and close above the upper resistance trendline will invalidate the chart. Let me know what you think. Do consider hitting the like button if you like my content, Thank you. #PEACE
TVC:DXYShort
by Cryptorphic
6
DXY Technical Analysis Chart ( inverse proportion To Bitcoin )DXY - Long term Technical Analysis:- TimeFrame:- 1 Week ✨DXY is currently at $100.5 Level. ✨DXY is Moving in a Bigger Support & Resistance Zone. ✨Multiple Price Rejections are seen from Support & Resistance zones. ✨Price is in Crucial Resistance level of $100.5 - $103 level . ✨RSI bearish Divergence is also seen, While RSI is in OverBought levels. ✨Bearishness is expected in DXY by looking at Current Price Action. ✨We need to wait till the confirmation of Price Rejection from the Resistance zone. ✨ If the Price reject then it can go to the levels of $95 , $93 or $90 ✨ For Bullishness in DXY = Price needs to give a Breakout of $103 level with Strong Bullish Green Candle and should give closing above it. ✨If DXY gives a Breakout, Then the Price can go up to levels of $115 - $120 or higher. Conclusion = 1)- If DXY Breakout Above $103 Mean Bitcoin Super Bearish and Target would be $34000 Again. 2)- If Rejection as per the chart then we can see Bullish Mode Continues And Target would be $52800. Folmula = Y = 1/X Where Y = DXY and X = Bitcoin Thank you for Reading. Don't forget to Like and Share. Show Some love in the Comments.
TVC:DXYShort
by CryptoPatel
4
DXY-US DOLLAR INDEX--- BEARS TAKING OVER-SHORTThe markets are now correction and despite the fact the dollar has had a slow rally in 285 days it struggles to gain momentum and stay bullish. Now you can see from the charts that its heading into some sort of consolidation zone and I would personally short the dollar if I were trading it. I do not have any open positions on the DXY and I would watch it carefully. It seems like it would go bearish after a consolidation period the break out to the downside. Find out whats happeing with the dollar here in this TA Video... Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
TVC:DXYShort
by CryptoBuzzAnalyst
US DOLLAR INDEX - FUTURE FORECAST?The USD is the strongest of the major currencies and in doing so, the dollar index (DXY) is also making a new high for the year. The index trades at the highest level since June 2020. Price Action: DXY has been in bullish trend and trading in bullish parallel channel (as shown in chart). This channel has been very reactive in the past. Currently price is standing at the top of the channel near psychological mark of 100. It has printed bearish divergence on RSI and considers as strongest due to the current standing of price action. While bears put 2 strong points on the table of divergence and channel top. Bulls counter with a breakout of month long consolidation. We remain watchful of the price action and trade it with the price action. What do you think? Who will win this battle?
TVC:DXY
by TradeTrio
2