Bad times possibly ????Brent and Dollar near crucial weekly resistance. Any breakout could bring pain for Nifty
USDX trade ideas
DXY NEXT MOVE ( mild correction) (mid term)(05-04-2024)Go through the analysis carefully, and do trade accordingly.
Current Price- 104.300
Anup 'BIAS for the Period (MID TERM) (05-04-2024)-
If price stay above 103.500 then next target is 104.500 & 105.500
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
Support us by liking and sharing the post.
us dollar daily timeframe levels to look aheadCAPITALCOM:DXY is trading in midzone of current dail timeframe buy/sell zone, keep eye on box zones marked at current price level to get an idea about the next possible direction upwards for upside rally on daily timeframe
DXY Technical Analysis - Dollar Index took out Liquidity from its previous swing high and reacted after grabbing Liquidity
- Equal Interim highs are now made and the reaction is bearish as well
- I expect the next two candles to be red or bearish and the price should continue to fall further, anticipating good numbers from the US it's going to be negative for USD and positive for Stocks/Crypto
Wondering where the Dollar is headed next? He're is a hint. Analysis
A five wave decline from 107.34, the high on Oct 03, 2023 to 100.62, the low on Dec 28, 2023.
In Elliott terms, this impulse structure tells us that the movement at the next larger degree of trend is also downwards. Within this impulsive structure, wave (i) is a Leading Diagonal, wave (ii) is a Flat which neatly predicts a Zigzag wave (iv) by guideline of Alternation. Both waves (iii) and (v) are extensions. The impulsive decline holds well within the parallel trend channel as is often expected.
A five wave move is always followed by a three wave corrective pullback or variation thereof, irregardless of degree; in this case, a rally wave ((ii)).
To where? The Elliott wave guideline on the depth of corrective waves suggests that price action should ideally end within the span of travel of the previous fourth wave of one lesser degree.
Second, the ensuing correction, wave (ii) is unfolding as a sharp Double Zigzag correction labelled (w)-(x)-(y) with waves (w) and (x) completed, wave (y) in progress.
In ratio relationships, sharp corrections tend more frequently to retrace 61.8% of the previous wave particularly when they occur as wave (ii) of an Impulse or wave (b) in a larger Zigzag.
Also, the actionary waves in a Double Zigzag correction namely waves (w) and (y) are often related by equality or Fibonacci (0.618) in time or amplitude.
wave (y) = 0.618 X (w) at 104.87; this level falls neatly within the previous guidelines.
Thus, the cluster of evidence suggest the rally is nearing its end and a reversal is onset; a third wave.
Trade Plan
1) Conservative Approach
Entry: Short at 104.879; the 0.618 retracement.
Protective Stop: 107.34; in an Impulse wave (ii) CAN NEVER retrace more than 100% of wave (i).
Target: 10.87 decline; in an impulse the third wave commonly travels 1.618 times the loss of
the first, as in:
wave ((i)) = -6.72 (100.62-107.34),
wave ((iii))= 1.618 X (-6.72) equals (-10.87)
Risk-Reward: 1:3
2) Aggressive Approach
Requires price action to break below a recent swing low; wave b of a Zigzag, that will virtually suggest the rally has ended and a reversal was underway.
Entry: Break below 103.89
Protective Stop: Recent swing high
Targets: Below 100.62
Risk-Reward: Greater than 1:3
NOTE: Stay tuned to get follow-up adjustments to stops as we monitor the move through completion.
DXY NEXT MOVE (Expecting a mild correction)(mid term)(27-03-2024Go through the analysis carefully, and do trade accordingly.
Current Price- 104.300
Anup 'BIAS for the Period (MID TERM) (27-03-2024)-
If price stay below 105.00 then next target is 103.800 & 103.400
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
Support us by liking and sharing the post.
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
E-WAVE updateE-Wave is a WXY pattern and we expect it to end before 107 . the triangle scenario is still an active scenario.
DXYWeekly view
Swing high Sweep is more Probability
Daily View
Weekly Swing High sweep and day ob. near that high
Reaction in that area is crucial
The DXY index is steadily and vigorously rising until the end ofCongratulations to everyone who bought the dip. Keep an eye on these opportunities and never assume that the volatility has passed, as well as the reason why you should DCA (Dollar-Cost Average) and never buy everything in a single frenzy. The market appears to be settling with the DXY, which has risen by 1% as of today and has been trending upwards since Thursday.
DXY IS TAKING SUPPORTDXY and INTREST rate will be the deciding factor of indian markets' plus election result let's see what is going to happen but in near term market's will go down and will stabilize during election times . let's see
DXY Upcoming MoveHey Guys,
DXY is currently following one channel. If it bounces back, there will be a dump in most of the world's stock markets including Crypto market & If its breakdown the trendline then all markets will be going to the MOON...!!
See chart for more understanding...!!
Disclaimer: I am not financial Advisor; this is my opinion I am some guy on the Internet...!! Do your own research.
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
XAUUSD,USDZAR,DXY, Hope you guys learn something insightful and take the analysis and lets earn money together
DXY Update | Feb 26
Timefame: 1 Hour
Bull Above 104.021
Bearish below 103.883
Moving below 100 EMA, Invalidation of view above the EMA, level 103.94.
🔸DXY steadies at 104, awaiting crucial US inflation data.
🔸Focus on personal consumption expenditures index and global inflation figures.
🔸Fed Governor advises delaying rate cuts, impacting DXY based on inflation outcomes.
🔸A delay in Federal Reserve interest-rate cuts, signaled by strong inflation data, could boost the dollar's momentum.
🔸The scope for dovish surprises by the Fed is considered smaller than for other G10 central banks, supporting the dollar.
🔸While low volatility has restrained larger dollar gains, a change in market repricing of Fed rates could lead to significant dollar appreciation.
DXY looking bullishDXY looking bullish on chart, we could see correlating pairs to work in bearish mode
DXY dollar index ready for big fall On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
DXY NEXT MOVE (BULLS ARE IN DOMINANCE)(15-02-2024)Go through the analysis carefully, and do trade accordingly.
Current Price- 104.600
Anup 'BIAS for the day (15-02-2024)-
NA
If price stay above 104.00 then next target is 105.00 & 105.800
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
Support us by liking and sharing the post.
DXY daily lookoutThis is what ive notice in dxy. As wee got into the highs price is more likely created liquidity for furthur push instead of sweeping the highs.
I expect it to be bullish for awhile.
DXY Analysis || Forex || 5th -9th Feb
WEEKLY
Timeframe: 4H
Strategy: Long
Resistance: 104.504
Anticipating a pullback after reaching 104.5 resistance. A sustained breakthrough may lead to higher levels. Long target: 104.70 - 104.90.
DXY #Dollarindex Trade Setup DXY/Dollar Index is currently trading near an overhead supply
- It will be very crucial to watch how it exactly reacts to its overhead supply
- IMO even if we see a good reaction from the overhead supply it will be still important to watch the reaction.
- From a long perspective it's better to wait out and first let the breakout happen - let the base form - let it take some grabs and then scout for longs
#dollarindex #dxy
