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DXY Major bearish break-out ahead of 1D MA200 test!The U.S. Dollar Index (DXY) eventually made the bearish break-out we expected as it broke below the Bullish Megaphone pattern that it has been trading in since January 2022: As you see, the break below the 1D MA100 (green trend-line), which was almost on the bottom (Higher Lows trend-line) of the Bullish Megaphone, was supporting this bullish pattern since June 16 2021! Naturally its break-out has been a major event and the price almost reached the next MA in line, the 1D MA200 (orange trend-line). We now see the price rebounding and it shouldn't come as a surprise as it hit exactly the 1.785 (blue) Fibonacci extension from the last low. Also there is the (green Support Zone) to consider from the May 13 High. As a result, we expect a rebound to test either the 1D MA100 or 1D MA50 as Resistances and accumulate more sellers. A closing below the 1D MA200, would be a bearish continuation for us, targeting the 101.300 (May 30 Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
4
Dollar Index Chart Analysis.... In this situation DXY chart Breakout symetric triangle pattern.So, market need seems buy correction @ 107:830 and 110:150 resistance level. Then sell to 103.730 support zone. If breakout 113.500 resistance level, then market Buy UP to 115.250 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
Dollar Index Chart Analysis.... In this situation DXY chart Long tarm create bullish rectangle pattern.So, market first buy correction @ 111:315 and 111:950 resistance level. Then sell to 109.400 support zone. If breakout 113.080 resistance level, then market Buy UP to 115.250 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
DXY: Still bullish but potential break of the 2022 patternThe DXY (US Dollar Index) broke last week below the 1D MA50 (blue) for the first time since August 11. Despite the drop, the 2022 Bullish Megaphone (or cylinder) is intact. However along with the emergence of a short-term Channel Down (Lower Highs/ Lower Lows), we see the 1W RSI turning on a Bearish Divergence as with Lower Highs and Lower Lows it is going against the Megaphone's Higher Highs/ Higher Lows. The patterns shown on the chart must be respected and breakouts followed. We have denoted potential movements based on: a) Break above the Channel Down = Bullish continuation within the Megaphone. b) Break above the 1D MA50 = Bullish test of top of Channel Down. c) Break below the Megaphone but still within the Channel Down = Bearish. d) Break below the 1D MA100 (green) = Bearish outside the Megaphone, targeting the 1D MA200 (orange). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
TVC:DXY
by InvestingScope
20 REASON FOR SHORT DOLLER INDEX1 Structure analysis time frame DAILY 2 target time frame :DAILY 3 Current Move : IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BEARISH 4.2 entry move : RETRACEMENT 5 Suppot resistence base : H1 ORDER BLOCK BLOCK 6 FIB: DISCOUNTES AREA 7 candle Pattern: MOMENTUM ENGULFING 8 Chart Pattern: RISING WEDGE BREAKOUT 9 Volume : DRIED 10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS 11 Volatility measure bollinger bands: POSSIABLE DIVERGENCE MOVE 12 strength ADX: BEARISH 13 Sentiment ROC: STRONG BUT ITS A DAILY CORRECTION 14 final comment : GOING DOWN FOR A FINAL TARGET 15 : decision SELL 16 Entry: 110.540 17 Stop losel: 111.090 18 Take profit: 108.260 19 Risk to reward Ratio: 1:4 Excepted Duration : 4 DAYS
ICEUS:DX1!Short
by Optimum369
DXY Can the Dollar keep falling ahead of next week's Fed Rate?This 1M chart focuses on the U.S. Dollar Index (green trend-line), which is seeing its first serious and sustainable pull-back after a long time as since September 28 it has been trading on Lower Highs and Lower Lows (not seen on this monthly time-frame though). This week the low completed a -4.50% from its peak, which is the strongest pull-back since the January 05 2021 bottom! With the upcoming Fed Rate Decision next week, the question is, is it possible for the USD to continue falling without the Fed changing the narrative, i.e. without continue hiking (raising the rates)? A simple answer would be no. That is because in general terms since the mid 80s, the USD and the Fed Interest Rate (black trend-line) have been strongly correlated. It is no surprise that the USD's hyper strong rally this year started right when the Fed announced their hiking plan. Why they did that? In order to battle and bring down the raging inflation (blue trend-line) that came with the trillion dollar rescue packages during the COVID lockdowns. That is the key to our question before and provides a more detailed answer. It is also important to consider the low unemployment rate (red trend-line) in this equation. As you see the only times in the past +30 years that we've had the Inflation peaking and pulling-back while the unemployment was bottom low and with the USD reversing, was when the Fed cut the Interest Rates after at least a year of hiking. So in order to complete the pattern we are currently in and see the USD extend its pull-back is to see the Fed cut back or at least adopt a more accommodative/ less aggressive hike with a specific horizon to stop. And the key to that as mentioned would be for them to be convinced that the current 3 month drop straight on the Inflation Rate is sustainable, thus under control. Brace for a really really interesting week ahead. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
4
DXY Approaching multiple Support levels but no confirmed buy yetThe U.S. Dollar Index (DXY) has been pulling back since the September 28 High. Technically it has been trading within a long-term Bullish Megaphone pattern since the start of the year. Today the price hit the 1D MA50 (blue trend-line) for the first time since August 15. With the 1D RSI approaching the 41.00 Support, which has formed 3 out of the 4 total Lows of the Megaphone, this is starting to align major markers for a long-term buy that targets the next .382 Fibonacci extension in line, the 5.382 at 118.00. For us it would be best to enter after confirmation as the selling pressure from the bond yields is strong and that confirmation can be given after the MACD makes a Bullish Cross. Until then it would be best to stay on the sidelines. As you see the Megaphone's bottom (Higher Lows trend-line) is considerably lower than then 1D MA50 this time. We are only willing to sell if the price breaks below the 1D MA100 (green trend-line), which is slightly below the bottom (Higher Lows trend-line) of the Megaphone, giving us good tolerance levels hence a solid confirmation. In that case we will be targeting the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
2
DXY Can drop even lower. Buy and sell levels long-term.The U.S. Dollar Index (DXY) has been pulling back since the September 28 High. Technically it has been trading within a long-term Bullish Megaphone pattern since the start of the year. As you see, the price is below the 4H MA50 (red trend-line), and since at least May 30, the Low is formed at least on the 1D MA50 (blue trend-line). This is the level to enter if you are looking for a long-term buy that targets the next .382 Fibonacci extension in line, the 5.382 at 117.825. There is also the 62.20 1W RSI Support to consider before entering. Note that if the 4H MA50 breaks upwards first, it is a bullish break-out signal. We are only willing to sell if the price breaks below the 1D MA100 (green trend-line), which is slightly below the bottom (Higher Lows trend-line) of the Megaphone, giving us good tolerance levels hence a solid confirmation. In that case we will be targeting the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
2
Dxy- Stalling near hightsAfter the strong reversal from near the ascending trend line, DXY managed to get back above resistance, but the index is lacking conviction and is unable to continue. Instead, DXY is stalling and is putting in Pin Bars on our daily chart. This can be an indication that a correction could follow and a break back under resistance, now support would bring confirmation. I've become slightly bearish on USD for now. Wait and see is my approach on Usd pairs
CAPITALCOM:DXYShort
by Mihai_Iacob
16
DXY Two levels it can reverse massively on this 30 year Channel!The U.S. Dollar Index (DXY) has been rising all year in the aftermath of the Fed to decide to raise the interest rates in their battle to lower the extreme levels of inflation. As a result, the USD has been gaining against the basket of major world currencies. From a technical perspective though, the time is approaching that it may reverse massively downwards as it is meeting two key long-term rejection levels. The first and most important is the top (Lower Highs trend-line) of the 30 year Channel Down pattern, which started after the August 1992 Low! As you see this Channel has so far two Lower Lows (green arrows) and two Lower Highs (red arrows). The most recent of the latter was printed on last week's 1W candle. The price hit the top of the Channel Down and got instantly rejected. However, with this week's worse than expected CPI, we see the current 1W candle in green, attempting to hit the top again. Until we close a weekly candle above it, we have to consider this level as a possible long-term trend reversal/ rejection for the DXY. If the USD Index does break and close above it, then we will come across very quickly another key long-term rejection level, and that is the Higher Highs trend-line of the 13 year Channel Up pattern that started in the aftermath of the Housing Crisis in 2009. As you see, so far the Higher Highs trend-line has made three contacts with that line (red Flags). The next (if the Channel Down breaks) should be around 114.00. That is the second long-term candidate level for rejection. This historic price action shows that potentially, going short at the current levels on the U.S. Dollar, offers a low Risk high Return set-up, at least on the long-term. Of course, the macroeconomic environment has to keep up in order for the technicals to play out, especially being in this highly inflationary environment. A key factor is the Fed's Interest Rate (blue trend-line). As mentioned above, this has been rising since the start of the year, causing this parabolic rally on DXY. We see that in the course of the past 30 years, every time the Interest Rate dropped, the DXY was following downwards. As a result, if the Fed decides by the start of next year that the job has been done and that inflation may be (partially at least) controlled, the can start cutting the Interest Rate back in order to stimulate the stock market, which has been suffering all year long. A mere hint/ announcement by the Fed of such intention early, can cause the DXY to reverse before the Interest Rate even starts decreasing, as it happened after 2006. The times we live in are unique in terms of the fundamentals and more likely than not the battle to control an inflation caused by years of abuse can take an equal amount to years. At last, if you are a long-term investor looking for a confirmed level to sell, that would be below the Higher Lows trend-line, as it happened in December 2002. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
9