DXY Sell Setup.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Dxyshort
DXY looking strongHi Traders,
Investors are moving to safe haven currencies due to the global events happening right now between Russia and Ukraine. We can see USD, JPY and CHF pairs gaining momentum as these situations unfold.
Looking at DXY we can see a nice push upwards to the HTF upper boundary of this bullish continuation correction.
Keep your eyes out on the dollar!
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DXY (US DOLLAR INDEX) AT THE SUPPORT.Welcome members to this important update on DXY in 2 hours timeframe.
I am posting this chart on DXY because one of my members mentioned DXY in the comments section and I thought of sharing it with all of you. So, if you guys have queries about any particular coins to tokens then do let me know. I will be more than happy to help.
Well, coming back to the chart. The DXY looks pretty interesting here and I guess you all should know about this. BTC and DXY are correlated with each other. Since the beginning of Bitcoin's trading, one can notice a negative correlation between the BTC price with the DXY. If the DXY price falls, BTC rises – and vice versa. It is similar to USDT dominance when we compare it with BTC but the chart of USDT dominance and DXY is completely different.
Ok, so, here's the current status of DXY. DXY has been forming a bearish rising wedge pattern (correct me if I am wrong) and the current price is at the bottom trendline which means either it will bounce from here or break down. We may possibly see one more bounce towards the upper trendline but can't expect much volume and eventually a rejection towards the lower trendline. The RSI is falling weak which is another sign indicating DXY to be bearish. So, the confirmation point will be the lower trendline and that will be the key area to look into.
What do you think about the US Dollar Index?
Share your views in the comments.
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Thank you and trade safely.
DXY 95.81 - 0.3% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE
SOME OPPORTUNITIES IN THE COMING WEEK.
LOOKING AT THE DOLLAR INDEX
* The index has been trading in a descending channel currently range bound in a descending channel.
* Looking for that lucky number 3 touch to see the index respect the descending structure and bearishly rally to test the base of this structure.
* The index already saw a delay at the base of the descending triangle structure which may signal having gardered momentum to go give that 3rd touch.
- should this happen looking for shorts on the dollar index, a break above changes the whole plan.
lets see how it goes
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The Clock is Ticking for DXYI don`t have to say anything here. It`s basic TA. Just a matter of time for the trend to be tested ( and probably broken ).
USD is loosing value anyway so no surprise.
Expect Major Global events in the next few Years.
Is DXY about to fall?- We can observe some interesting price action with DXY.
- Price made a LL after breaking the last consolidation area' low.
- Price formed a double top pattern and then dropped 100% again with a strong bearish movement.
- Price started retracing in an ascending channel after reaching 90.000 (Major S).
Price now at the golden fib zone and already made a very long engulfing pattern on weekly timeframe.
- We we wait for the price to break this ascending channel and after the retest we have a confirmation for a big bearish movement.
Clear skies ahead for the DXY.The DXY looks set to continue to trade in a ranging motion to the upside as this is a historically messy region. It is likely that the price will continue to trade in a random walk manner with no clear direction until it breaks out of the 95.8 to 97 range. My guess is that it will break to the upside for the final wave 5 impulse so look out for that. I'd cautiously long the DXY at these levels, otherwise a larger entry on a pullback or entry on a breakout would be much preferred.
DXY offically failing, falliing out of our rising wedgeDXY going to fall to levels not in seen since early 2000
DXY - 16 Feb. 2022I think the head and shoulder pattern is forming in a 30 minute time frame.
This is my personal opinion. Please do not trade based on my analysis and data.
DOLLAR INDEX Update....SELL...NOW
This week DXY chart Hopefully Create ab=cd pattern. So, that
If breakout 95.858 support zone then market goes to 95.300 & 94.00
support level. If break 96.300 resistance level then market
seems buy to 96.888 resistance level.
One more drop before Take Off??Hi Traders,
Friday's volatility caused some massive sell offs across the board, especially with JPY pairs. The US dollar gained some momentum but in my opinion, it's short lived. We had a strong Impulsive push down from the upper boundary of the ascending channel and now price has sinve been consolidating which I feel will drop to the previous low before heading to the mid 97.00 range.
Anything can happen, follow your trading plan and trade safe.
Comment below and share your view on this pair! Click the like button if this helps you!
DXY | The best target for climbing📍Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag .
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a has formed its waves 1 and 2, but what is in doubt is wave 3.
The main wave 3 has completed its 1, 2, and 3 microwaves, and in the case of waves 4 and 5, we assume that wave 4 is triangular and wave 5 is not yet formed.
We think this uptrend for wave 5 will start after a short decline.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Wave 5 impulse coming for the DXY.The final impulse move is incoming for the DXY, there will be pitfalls a long the way but once it breaks the 30 Jan 2022 top, it's clear skies ahead. We want to buy every dip before it breaks the top and start selling our positions at around 100.
DXY A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 88.00 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
DXY is in Downtrend and It is Expected to Continue Downtrend.
DXY EXPLAINED 📉📉📉🎯 DXY - USD Index
USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term perspective.
🎯 DXY has two correlations one of them is positive meaning the certain assets moves like DXY and negative corelation meaning certain assets move exactly vice-versa.
✅ DXY Positive Correlations
DXY ⬆️
USDCAD ⬆️
USDJPY ⬆️
USDCHF ⬆️
USDRUB⬆️
USD XXX ⬆️
✅ DXY Negative Corelations
DXY ⬆️
EURUSD ⬇️
GBPUSD ⬇️
AUDUSD ⬇️
NZDUSD ⬇️
From a technical standpoint to have a better probability in your trades try to find entries when both DXY and for example USDCAD are in long poi (point of interest) this will increase your chance of having profits as you use inter-market correlations
DXY$DXY conclusion is we are in Wave A which is almost finished while #cryptocurrency r also in A wave up , soon B wave down to #Crypto will start with B wave up to $DXY then final c wave down to $DXY to complete wave 4 on minor TF and also C wave up to $BTC will finish.$DXY finishes W5 around $100 unless we get a truncation.
Fact is DXY remains inverted to the cryptocurrencies and can always be used as a counter indicator.
EURUSD RE-ACCUMULIATION TO CONTINUE LONG After the weekly close last week on EU I am looking for it to continue bullish off the yearly open price. Might even re-accumulate a little lower around 1.3500 big figure. I for-see a major correction coming and CPI this Thursday could be the catalyst to sustain this rally.
DXY LONGS 📉📉📉📉 Expecting bullish price action on DXY as price is being in a bullish market strucuture on a HTF premise, if price rejects 95.000 instituional figure area + bullish orderblock on d1 we will see DXY bullish way above 97.000 / 97.500 this month.
What do you think? Comment below..
it's isn't just the future of the dollar, it's about all fiats0.61 5-i=99.18
0.78 5-i=108.4
butterfly harmonic pattern:
X=68.29
3-4=0.78 X-3
4-5=0.88 3-4
0.61 5-i=99.18
0.78 5-i=108.4
0.78 4-5=85.85
0.88 4-5=82.23
0.78 X-3=78.34
0.88 X-3=73.47
1.6 4-5=60
1.27 X-3=57.35
1.6 X-3=2.24 4-5=45.9
USD INDEXHello traders. I expect the price to rise again to $ 96 after reaching the $ 94.5 range and then complete the third wave of correction. Be profitable
DXY BEARISH APPROACH Here DXY has reached to point D of a bearish Bat harmonic pattern . Showing weakness is not out of reach.
short on DXY next 3 monthsI found several reversal paterns. If DXY go down BTC will go up, as simple as that.
Still looking for that wave 5 for the DXY!We are still waiting for the wave 5 to come for the DXY, at this levels we want to wait for another dump to come before riding the price up to break the top and beyond. This dump should break 94 and even 93 before the upside comes. LFG!
