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Dxytradingsetup

DXY Ready to Soar?📈 DXY Analysis & Forecast (US Dollar Index) 🚀 Current Structure: The DXY appears to be in the middle of an impulsive wave sequence based on Elliott Wave theory, currently moving within the 4th wave correction phase. The overall structure shows a clear upward trend, supported by a rising trendline that has consistently held as support. We can observe a potential breakout setup, with a contracting triangle pattern indicating a breakout to the upside. Key Technical Points: Wave Count Analysis: 🌀 Wave (1) initiated a strong bullish move after breaking out of the downward channel. 🔄 Wave (2) saw a retracement, respecting the previous resistance level that turned into support. 🚀 Wave (3) was an impulsive rally, taking the DXY to new highs and confirming bullish momentum. 📉 Wave (4) is forming a consolidation, resembling a bullish pennant pattern, indicating a continuation of the uptrend. Key Support & Resistance Levels: Support: The price is currently holding above the key support zone at 106.20, which aligns with the trendline. Resistance: The next target for the bulls would be the previous swing high at 107.40, which is the completion zone for Wave (5). Indicators & Patterns: 📊 The ascending trendline continues to support the bullish bias. 🔼 A breakout above the 106.80 - 107.00 range could trigger a push towards the 107.40 level. ⚡ Watch for potential fake-outs; a break below 106.20 may invalidate the bullish scenario. 📅 Forecast: The DXY is poised for an upward move as long as the 106.20 support holds. If the breakout above 106.80 is confirmed, we could see the DXY reaching the 107.40 mark, completing the 5th wave of the current bullish cycle. A decisive close above 107.40 might lead to further gains, potentially aiming for the 108.00 level. 📊 What are your thoughts on this setup? Are you bullish on the DXY? Drop yourcomment below! 👇 🔗 Follow for more Forex updates and daily trading insights! #DXYAnalysis #ForexSignals #ElliottWave #DollarIndex #ForexTrading #TechnicalAnalysis #USD #ForexCommunity #TradingForecast #MarketUpdate
TVC:DXY
by forexorbit
US DOLLAR INDEX - TRADE IDEA ON SHORT SIDESymbol - DXY DXY is currently trading at 105.57 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 105.57 I will add more position if 106.00 comes & will hold with SL 106.30 Targets I'm expecting are 104.75 - 104.30 - 103.73 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TVC:DXYShort
by akshit_official
DXY - TRADE OPPORTUNITY ON SHORT SIDESymbol - DXY DXY is currently trading at 104.72 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 104.72 I will add more position if 104.45 comes & will hold with SL 104.75 Targets I'm expecting are 103.25 - 102.75 - 102.15 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TVC:DXYShort
by akshit_official
DXY Analysis: Bearish Trend Signals Potential Drop📊 DXY Analysis (2H Chart) 🧐 The U.S. Dollar Index is currently in a consolidation phase around the 104.50 level after a sharp drop from the recent highs. Let’s break down what the technicals are signaling: 1. Bearish Structure 📉: • The index has been trading within a descending channel, which indicates a prevailing bearish trend. • A significant Cross Doji candle at the top hints at a potential reversal, followed by strong bearish momentum. 2. Key Levels to Watch 🔍: • Resistance Zone: The DXY is consolidating below the 104.60 level, which is acting as a key resistance. Multiple rejections around this area could signify strong selling pressure. • Support Zone: The next major support lies around the 103.60 level, aligning with the lower boundary of the channel. 3. EMA Dynamic Resistance 💡: • The 50-period EMA (green line) is currently acting as a dynamic resistance. A sustained move below this EMA can add further downside pressure. 4. Potential Scenario 🔮: • If the DXY fails to break above the 104.60 resistance, we could see a drop towards the 104.00 level initially. • A break below the 104.00 support might accelerate the move toward the 103.60 zone, completing the bearish leg. 📉 Bearish Outlook: Unless we see a breakout above the consolidation zone and a close above the descending channel, the bias remains bearish for the DXY in the short term. 🔗 Follow for more daily updates on forex market analysis! #DXY #DollarIndex #ForexAnalysis #TechnicalAnalysis #USD #TradingSignals #ForexTrading #ForexTrader #PriceAction #TradingStrategy #ForexMarket #USDIndex #CurrencyTrading #MarketAnalysis #TradingView #ForexLife #FinancialMarkets #DayTrading #SwingTrading #ForexCommunity #TraderLife #ChartAnalysis #TradingPsychology #Investing #ForexTips #TradingSetups
TVC:DXY
by forexorbit
DXY next week overview - !06.500 or !03.800 ???the upcoming week ahead bring alot of volatility have days with events and major ones Recap - the previous week was more based on sharp turns that has tested important level and broken important level but left behind some imbalance that given a strong sign or outperformance by DXY What to Expect - 104.300 the price breakout now the upside potential liquidity would be 105 and there after we have higher time frame (M, W) bearish order block but the price with big bars has left behind some fair value area which might holding some good liquidity to fuel if the price expect the upside momentum Key Area - keep eye on 103.700 > 103.400 > 102.850 conclusion try to buy with limit order on key area rather than going short
TVC:DXY
by Jimmy_Rebello
DXY might go down by 3% to 5% After the highs of 107+ price , since price went bearish that has created a monthly bearish FVG that is marked in orange , price after reaching 101 lvl mitigated the open Bullish FVG on higher time frame, which leads to price bouncing back towards the zone of Bearish FVG currently price is getting rejected and due to higher time frame giving the bearish bias with run away gap from monthly bearish FVG DXY need to go down sweep some liquidity and mitigate the 98 lvl which bullish open fvg
TVC:DXYShort
by Jimmy_Rebello
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... DXY reached target 1 which I set from where it rejected to the resistance area of 92600 from here I expect a small retreat and then I will continue BUY to target 2 and complete W THIS WEEK...this week I will draw a parallel between the 1 week chart and the 1 month chart because the month has just ended and I would like to know what to expect ... Exactly as I said ... DXY has passed target 1 and is heading towards target 2 which complete W,from where it will have a strong rejection to the 93,500 area and from there even to 91,900 ... from where the ascent begins again ... NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ...as I said in the last analysis made on July 4, DXY reached target 1 which I set from where it rejected to the resistance area of 92600 from here I expect a small retreat and then I will continue BUY to target 2 and complete W THIS WEEK....exactly as I said ... DXY has passed target 1 and is heading towards target 2 which complete W NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
2
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected! in the next period I will continue to look for BUY until area 93400-94 THIS WEEK....as I said in the last analysis made on July 4, DXY reached target 1 which I set from where it rejected to the resistance area of 92600 from here I expect a small retreat and then I will continue BUY to target 2 and complete W NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618! in the next period DXY is in a very difficult area and I will look for BUY if it closes even for a day over Fibonacci 618 to Fibonacci 786 and I will look for SELL again for a possible closing below 9130! anyway ... closing for a month is decisive but I will bet more on BUY because W's formed on the 1 month chart! THIS WEEK...as I said last week ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected! in the next period I will continue to look for BUY until area 93400-94 but a closure even for 1 day under Fibonacci 618 (91941) forces me to think again about SELLpana in area 91480 or even below .... NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
1
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze! THIS WEEK...as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618! in the next period DXY is in a very difficult area and I will look for BUY if it closes even for a day over Fibonacci 618 to Fibonacci 786 and I will look for SELL again for a possible closing below 9130! anyway ... closing for a month is decisive but I will bet more on BUY because W's formed on the 1 month chart! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... as I was saying last week ... DXY has stopped falling and is starting to form support in this area and form W! If the next weekly candle will still be green then I will look for BUY around 92,600 or even higher ... THIS WEEK...exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS