DXY TARGET 101.465 97.304 INSHAALLAHAccording to my analysis, the next target of dxy will be 101.465 -97.304 -93.600 good luck
USXUSD trade ideas
DXY Doller is very important levelNow currently the doller is very importan level, this chart is Doller inverted chart.
Year 1989, 1999, and 2016 multiple time this level is veryimportant resistant level, in the current market secnerio if the rate hike it is possible to breakout of doller price
In higher the doller price not good for emerging market like India
the price action show that on last and final move is pending, but other major index chart not show any bearsh signal.
This post is only for education purpose
DXYlets wait and react to the the market price currently its at the top near the level 105 and in daily it shows some rejection candles if it gives any entry near the yellow zone i could probably enter in a trade. look into monday open and will goooo.
educational purpose only not financial advise.
DXYmarket is nearing a ressitance zone as well as a strong psych level 105 . lets wait and react to the market . may be we can look for sells if get a nice consolidation break and retest to the blue zone marked in the charts
5 Key Factors Shaping US Dollar Trading This Week5 Key Factors Shaping US Dollar Trading This Week
The US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week:
- US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt ceiling of $31.4 trillion, aiming to avoid a default. He has now called on Congress to pass the deal asap. Fitch ratings will remove the “negative watch” rating on the United States when the deal passes or looks likely to pass congress.
- The debt ceiling agreement has potentially weakened the safe-haven appeal of the US dollar, leading to an increase in risk appetite in global markets.
- The Personal Consumption Expenditures price index, the Federal Reserve's favored inflation measure, rose by 4.4% in April compared to the previous year, up from the 4.2% increase observed in March. This development has raised the probability of a 25-basis-point interest rate hike by the Federal Reserve in June.
- Due to the Memorial Day weekend in the US, as well as bank holidays in Europe and the UK, Monday will experience reduced market liquidity. Additionally, institutions are preparing for month-end trading on Wednesday, which could introduce more volatility.
- The US payrolls report for May will be released on June 2nd. Recent months have consistently shown better-than-expected job figures. It is anticipated that this week's job numbers will indicate an addition of 180,000 jobs, with a slight increase in the unemployment rate to 3.5%. A tighter job market will reinforce the Federal Reserve's hawkish stance, with strong wage data also providing support if the actual figures surpass estimates.
DXY analysis.DXY moving upwards in a channel. RSI divergence on both 1 hour and 4 hour time frame. Expecting a breakdown of channel and moving towards 102.
DXY bullish HTFDXY is very bullish in 4hr htf
Because of the 1 day takeout the liquid
& 15 min choch conformation & also retest successfully
DXY BREAKING IMP RESISTENCE DXY making double bottom and tiring to break imp resistance if it breaks bxy will go to 113 level then we can expecting correction.
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DXY Chart analysis.Dollar index is at crucial levels,
Further data of economies will impact on either side.
consolidating in compact range.
DXY Sell on RiseAfter a Deep Fall its Good correction Happened Now its time to another Push Down towards 99/93/87 As Weekly Target Expected
DXY Buy on DipsIts Clearly Forming the Reversal Pattern for Bull its forming the e wave of ending Diagonal Buy After Break D Point
#dxy #dollarindex#dxy #dollarindex - It shows signs of bottoming out!
It trades at 52 week lows , with a positive divergence on both MACD and RSI Indicators. !
Keep a close watch!
All the Posts/stocks ideas/view/levels are educational purposes only.
ict daily range in bullish marketThis is how the daily range form as per ICT with combination of time and price theory
DXYthe price was consolidating in the weekly support zone for a period of time and during last week it broke the range by providing a big bullish candles in daily . since it broke the resistance now it becomes support so a retest or pullback to the zone would be amazing to look for the entries to get back in a trade
U.S.Dollar Index possible Elliott wave counts of DXYHello Friends,
Here we have shared possible Elliott wave counts plotted on chart of U.S. Dollar Index - DXY on daily time frame, which clearly indicates that after top of September 2022 we are in corrective phase as per Elliott wave structures, and as per wave counts we can see that we had completed wave ((3)) and now possibly we are in second half of wave ((4)) in which we had completed wave (A)-(B) and currently we are unfolding wave (C), in wave (C) we should have five subdivisions and we had completed wave 1 and now we are in wave 2 which is contra trend, we are assuming again a reversal signals to start again journey towards south direction as a wave 3-4-& 5, to complete wave (C) of bigger degree wave ((4)).
Overall it's looking very good candidate to go short on rise along with invalidation levels of 105.883, because as per wave principles wave 2 will never retraces more than 100% of wave 1.
My studies are for educational purpose only, Please Consult your financial advisor before trading or investing, I am not responsible for any kinds of your profits and your losses.
Thanks 💕
Price below mass psychological cloud level (Bearish Bias on daily)
Daily MACD positive, but below resistance and zero line
Weekly MACD negative
Monthly MACD negative
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
DXY may Turn up & Crush everything else. Negation point 100.6
Solid Base formation between 101 and 102, also where support is.
W structure in formation most likely
Trendline has come down to this consolidation range at 102.
Some unknown event will trigger it and Thus sending it past 102.3 then 104 then 106 adn 113.
Trigger point is 102.3, above which its desirable to go long.
Weak CPI print is also not helping its case suggesting a major problem in EU, GU et al.
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading ❤️
Hustle hard ✅
IS DOLLAR (DXY) ABOUT TO CRASH?? | WEEKLY DOLLAR UPDATE DXY or the Dollar Index, the index to measure the strength of Dollar is considered to be the king of all charts, as most of the financial instruments are very much correlated to the DXY.
Not just forex markets but stocks, cryptos and even commodities are correlated to the Dollar.
If DXY Falls-> Cryptos, Stocks, Commodities, Precious Metals and some Forex pairs like EUR/USD, GBP/USD, AUD/USD, NZD/USD rises. However, pairs like USD/CHF, USD/JPY and USD/CAD falls.
Similarly, If DXY Rises-> Cryptos, Stocks, Commodities and some Forex pairs like EUR/USD, GBP/USD, AUD/USD, NZD/USD falls. However, pairs like USD/CHF, USD/JPY and USD/CAD rises.
So it becomes very important for any trader either Technical, Or Fundamental to keep a close eye on the DXY.
If DXY is in uptrend, the above mentioned instruments may be in downtrend. Conversely, if DXY is in downtrend, others may be in uptrend.
This is a general observation and not an exact rule to be followed. Exceptions are always there as Financial Markets are impacted by a number of factors.
I will be posting a detailed post about why DXY is so important for any trader, so keep following.
BELOW IS THE ANALYSIS
WEEKLY ANALYSIS
Weekly support range= 101.6-100.8
On WEEKLY TIMEFRAME ,price is sitting at support area. Untill and unless the support is not broken, there are chances that price might reverse and bounce from support.
However, if weekly price closes below the support, that can lead to a further long term downtrend in Dollar.
Also, price action is forming a HEAD AND SHOULDER PATTERN, which is typically a bearish reversal pattern. Once, weekly candle closes below the support range, the pattern is completed and activated. That may signify a long term downtrend in Dollar which means long term uptrend in STOCKS, CRYPTOS , PRECIOUS METALS, and some FOREXpairs.
However, further confirmations are also required and just one weekly candle closing below the support is not enough.
DAILY ANALYSIS
The price is making continuous LOWER HIGHS to the support signifying that any bounce from the support is not strong enough and is hence rejected by sellers.
Lower highs into the support area is considered to be Bearish and increases the probability of breakdown of support.
However, since the price is sitting at the confluence of Daily plus Weekly support, a daily close would not be sufficient and a weekly close is required.
On the flip side, we cannot ignore that price is at Support and may bounce from here as well. If price bounces and make a HIGHER HIGH, then chances of breakdown of support will get drastically low and infact a new uptrend may begin in DXY or the Dollar index (but after some further confirmations)
CONCLUSION
1. If Daily plus weekly candle closes below 100.8- BEARISH
2. If Daily candle closes above 102.5, that would mark a Higher High and an uptrend may begin- BULLISH
3. As long as price is trading between 100.8-102.5- SIDEWAYS/NEUTRAL
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE
Dolor index near upward breakout Dolor index made double bottom on daily chart. While price was making double bottom... RSI made higher lows & price went in consolidation phase.
Today it is trying to break this consolidation on upward sode.
