DXY trade ideas
DXY has broke the upperside trend line and .50Fibonaaci aheadDXY has managed to broke the trend line yesterday with strong bullish candle and reached 93.50 level and currently DXY is in consolidation phase.93.67 and the .50 Fibonacci will act as decent resistance for the bull. If this levels are broken then we may expect DXY will reach 94.75 level
Follow up with Emerging Markets and Dollar correlation Here's the Dollar breaking and retesting the trendline. This would be an interesting weekend
Dollar Index (DXY): What to expect? From these observations we can say that we are in Wave 4 and still there is a room for a bounce towards 95-95.5 levels before we get a final leg down in terms of Wave 5. Assuming Wave 4 terminates around 95.25 levels we may see a further decline towards 90 levels which is our minimum expectation as Wave 5 TGT as seen in the image below. And if it extends we may even see 88 or 86 levels.
FIRST STEP TO LEARN INSTITUTIONAL :WARNING: NOT FOR RETAIL GURUSLEARN WYCOFF THEORY COMPLETELY , THE 4 PHASES I TOLD , THATS HOW PRICE IS DELIVERED IN INSTITUTIONAL PERSPECTIVE, I WILL POST MORE CONTENT SOON
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BULLISH DIVERGENCE AT SUPPORT ON MONTHLY FRAME ...WILL LEAD TO BULLISH DIVERGENCE AT SUPPORT ON MONTHLY FRAME ...WILL LEAD TO GOOD RALLY IN #DXY .. WHICH WILL LEAD TO GOOD CORRECTION IN #GOLD #STOCKS #BITCOIN #NIFTY #SPX
US dollar index approaching breakdown for US Elections in NovPrices are constrained in a rectangular formation approaching breakout. Possible targets of 95.26 by November
Dollar Rebound - RSI/MACD Divergence & Stretched PositioningShort term dollar bottom?
Stretched CFTC net long positioning has started to unwind a little as well.
Plus Euro which is a big component, also has seen stretched positioning and now we are seeing resurgence of cases in most major European countries.
Dollar Forecast View My view Dollar (DXY) 92.70~92.50 Near price come and again up move come 93.70+ price come.
DXY Dollar Index - view for next few years. Purely based on the charts, the bear market for DXY maybe limited down till 88. Any substantial weekly close below 88 voids this view.
DXY Wave count - Complex StructureOm Namah Shivay
Trying a complete new structure for first time. Could be wrong in counting. But if next impulse down is continuing, then the counting holds.
Om Namah Shivay
DXY SHORT TERM LONG OPPURTUNITY WE would like to see how price reacts at the retest of the structure low for a potentail long oppurtinty..If price breaks below my structure low..i might be looking to go short
DXY , Weekly analysis for Aug 24-28Looking bullish week for Dollar index, based on price action anlaysis
