DXY LONG PLAY 13-02-23 (Daily)I have been bullish on DXY for a few weeks now, I'm targetting consequent encouragement on the large upside wick on the weekly chart. The previous target was filled perfectly.
Dxytradingsetup
Dollar Index Chart Analysis....
In this situation DXY chart create Bullish Flag Pattern.So,If breakout @103.777
resistance level, then market Buy UP to 103:999 ; @ 104.720 and 105:600 resistance level.
Then market need seems sell correction to nearest Support 104.950 level.
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dxy sell limit orderdxy sell signal
It is located in the range of the ceiling of the descending channel and it seems that it will fall to the bottom of the channel after reaching the limit of losses
DXY Index Next Move ?Pair : DXY Index
Description :
Impulse Correction
Fibonacci Retracement
Bearish Channel as a Corrective Pattern in Short Time Frame
S / R Level
Rejecting from the Current Demand Zone
Divergence
#DXYWe are in a channelized space of a decreasing trend of daily time.
Currently, we are witnessing a negative reaction in dealing with the ceiling with a negative divergence. It is expected that by breaking the resistance zone of 102.808 based on a combination of static and pivot point, it can touch the target of 102.455, which is on the static ceilings from the previous wave. has it .
After that, if 102.455 breaks, you can expect to touch the midline of the channel.
DXY Index 6 Jan -10 Jan Move Bullish ??Pair : DXY Index
Description :
Symmetrical Triangle Pattern as a Corrective Pattern in Monthly Time Frame and we have a Breakout and Retracement
Break of Structure
Divergence
Bullish Channel
Fibonacci Level
DXY LONG PLAY 06-02-23 (H1)
The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
DXY LONG PLAY 06-02-23 (H4)The weekly close was very bullish , this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
DXY LONG PLAY 06-02-23 (Daily)The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
#DXY- LONG-After last week NFP data and recent CPI data has weaken DXY, however, we are expecting a smooth reversal at our area.
-The fear in the market has led DXY suffer heavily.
DXY Short Play 30-01-23 Weekly TargetWeekly Volume imbalance is the target, this has been the target for a few weeks now. Major news events later in the week should help price to the target.
DXY Short Play 23-01-23I'm expecting a bearish week for DXY, I believe we are heading for the weekly volume imbalance at 97.2.
DXY 23 Jan - 27 Jan Next MovePair : DXY Index
Description :
Impulse Correction Impulse - Completed " ABC " Corrective Wave after Long Impulse
Descending Triangle as a Corrective Pattern in Short Time Frame we need to Wait Until it Breaks the Upper / Lower Trend Line
Selling Divergence
If Breaks then Next Target Daily Support Level
Break of Structure
Plan A or Plan B on this index?Hello, my dear friends and fellow traders.
What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up.
So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up.
However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system.
Till then wishing you a good luck on this strategy. See you in my next post.
It is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
CAPITALCOM:DXY
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
DXY DAILY BIAS (HOURLY) 17-01-23I believe the next draw on liquidity is the FVG at 102.108 - 101.994.
Dollar Index (DXY) still in uptrendsAccording to the DXY market chart, the uptrend continues, as it has since 1981. According to the GDP growth data of 1980 to 1982. GDP was negative for six of the 12 quarters. The worst was Q2 1980 at -8.0%.24 Unemployment rose to 10.8% in November and December 1982. It was above 10% for 10 months.
From 2020 to 2022, the GDP was negative for four of the eleven quarters. Q4 of 2022 is pending, but the overall GDP situation is the same; the rate hikes are higher to combat inflation. In 2020, unemployment during the COVID period was 14%, but overall after COVID, it was around 3.7%.
The market structure of DXY says the recent decline of DXY is a market uptrend signal. The support level is from December 1981 and the resistance is the same as in August 1981.
DXY set for big drop!DXY is in long term down trend. Currently price has broken out of the local resistance and grab strong liquidity and started to drop again giving us potential for further drop as the price has grabbed liquidity, highly likely DXY will continue to drop towards it's long term down trend
On the retest, of the resistance, a sell trade is high probable.
DXY 2 - 6 January Move ??DXY Index
Completed the Impulse and it will Complete the Correction at the Fibonacci Level - 50.00% that is the S / R Level " 102.075 "
Correction After the Corrective Pattern Bullish Channel
Short Sell and Buying in Long Term Divergence
Moving Averages
S / R Level
DXY INDEX New Week Possible Move ??#DXY INDEX
- After a Consolidation Phase it has completed its next move and Forming a Corrective Pattern BEARISH CHANNEL
- Short Selling Divergence
- Rejecting from the S / R Level and Upper Trend Line
- After Lower Lows and Lower Highs it will Continue its Trend
- Break of Structure #BOS
DXY ANALYSISThe target of the US dollar index is the bottom of the channel. Do dollar buying positions with caution
Dxy Move next week?Hello dear traders, this is my view of the dollar's movement in the coming week, everything is shown in the drawing
