DXY Short Trade Setup.This count is totally based on my assumptions not a trading or financial advice kindly do your own ta and trade with care good luck. Thanks.
Dxyshort
DXY create bearish butterfly pattern. So, Short sell Now...
29 NOVEMBER 2021
DOLLAR INDEX MY VIEW-
N.B-DXY chart create bearish butterfly pattern.
So market seems bullish to 96.440 resistance zone. Then
market down to 95.828 and 95.114 support level.
If market break out 97.037 resistance level. Then
this case is invalid.
DXY going down to revisit 93DXY just got rejected from a major resistence. we might go down to touch 93
DXYThe structure looks like 5th wave should be truncated and allow for double top pattern, If we get a dollar push to $97 & stocks sell off would show risk off
DXY Hey Traders, wish a happy weekend for y'all!
i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in the coming week expect a pullback for the dollar index around 95.9 zone towards 96.4, then we might see a potential drop.
Trade Safe and use proper risk management.
Joe.
DXY looks ready for more consolidation.The DXY's breakup to the upside has been confirmed by a retest of the top of the channel and a hold. We expect to see farther price moves upwards from here. But this level is where some consolidation can happen.
BULL CASE
Price moves up immediately next week to our target levels at 97.768
BEAR CASE
We see some consolidation at the 96 level before a break up higher. If price beaks below into the channel, we will reevaluate our bias.
DXYI think DXY needs short rest and after that goes up. it seems its raising trend. DXY is in the big channel and i think its wave D or started big wave 5. you can see that in weekly and monthly timeframe.
DXYWeek after week I forecast weakness in DXY and it continually moves higher proving me wrong again and again. This week is no different, I think there are risks with regards to covid and more lockdowns in the northern hemisphere that could provide more upside for DXY, however even if it does move higher, I still remain bearish. Very short term it looks like it will push slightly higher and most probably test YPH at 96.7 early this week. Should prove to be a good sport to short it.
Shorting Idea DXY/USDXXX/DJI.See the charts not a trading advice this is the final wave of this uptrend I'm expecting a reversal anytime.
U.S Dollar Currency Index Looks Bearish 1D1. The index looks to retest 1D supply zone
2. After the supply zone has been retested, we anticipate the index to bearish
DXY ELLIOTT WAVE ANALYSISthis correction took about 315 days, i`ve shared this analysis before, price looks like it has completed wave b correction. am expecting wave b to subdivide into 5 impulse wave to the downside.i see alot of weakness in dollar. possible drop.
DXY May Fall Down From Here.As per my analysis kindly do your own ta not a trading or financial advice I'm counting it as wxy correction in weekly tf w as abc and x as triangle correction and currently we are witnessing y which should take it below to the marked level and has confirmed it as you can see the trendline has been broken and is being retested for more downside. Trade with care. Good Luck.
DXY Sell Scenario.As per the charts and my opinion i see a downward impulsive move and a nice retracement to 50% of the impulse and a=b looking for downward move. Not a trading advice do your own ta thanks.
DXY is about to revisit the breaker hi,
If you're holding bitcoin, gold, silver, stock anything then this your chart you must look into.
DXY is about to visit the breaker which can resist the rally and timing is perfect.
Don't let it go.
Stay focus.
DXYHey Traders, hope you had a great Weekend.
it's time now to start a fresh week, i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in this week we will be focusing on the selling opportunity of USDX around the weekly supply zone at 95.3, once we will receive any bearish confirmation the trade will be executed.
Happy Monday, Joe!
EURUSD Setting up for a reversal ?Hi Guys, EURUSD looks like it is setting up for a reversal. We have to wait for a clear buy setup confirmation before taking any buys, stay patient and watch it closely.
Thank you for your support.
Next Week's Move DXY.Waiting for a nice correction as it has soared a lot because of FED tightening it's policy and tappering. I'll be looking to buy gold and EURUSD for next week. Not a trading advice do your own ta thanks. BTC may also be bullish because equity would be decreasing and safe heaven assets /currencies are btc gold jpy nzd cny aud gbp chf best push I'm expecting would be for shiba. Tc. Have a lovely weekend. Dow setup buy also invalidated.
DXY- Entering very strong resistance and sell zoneLast week I was wondering if we will have a break above 94.50 resistance, and indeed, we had it.
After this break, the index has accelerated its gains and now is trading near a very strong resistance and sell zone
I expect at least a correction from this zone and a drop to 93.50 support
Traders should look for buying opportunities in EurUsd, GbpUsd and NzdUsd
DXY Corrections Ahead ?DXY is in a nice up trending move and its trading above Sep 2020 Highs at 94.742 ( former resistance turned into support now) .But be cautious topside trend line resistance ahead at 95.35-95.40, watch price action rejection on Lower time frames to open shorts. Stay tune will update you.
DXY two Way Trading OpportunitiesIn this update we review the Pitchfork play in the DXY and identify a couple of high probability trade locations to trade both the long and the short side
DXYDue to the negative divergence in the one-hour time frame, I predict that the price will decrease after the set level so that the uptrend trend line and the set level will decrease.
