Is DXY in process of making medium term top?The answer to the question leads to many different trades like long metals. LH-LL formation can be seen on daily charts. This week should make it clear.
DOLLARINDEX trade ideas
U.S .Dollar Index....... Ending an impulse ???The U.S.Dollar index continues to look like it's topping. The index is testing the level where wave (5) would equal wave (1). But it could still overshoot the upper channel line in a throw- over.
DXY BEARISHGold Looking strong hence looking to short DXY, Reversal after hitting resistance and going towards the nearest Support
DXY next move (waiting for the outcome to FOMC meeting)Go through the analysis carefully, and do trade accordingly,
TECHNICAL-
👍-The Price has broken the bullish structure. waiting for the outcome of FOMC meeting scheduled on 02.11.2022 before entering in to Sell or Buy.
👍-there are little Buying opportunities as the Major Oscillators indicators are in oversold zone.
-------Remember------
1. We are not going to take any position in DXY pair until the prices reach to support zone or Major trendline displayed in the chart.
2. if FED, on 02.11.2022, during FOMC Meeting, hikes the interest rate at least by 50BPS, then we will play Buy in this pair with TP 114.000 & 115.000
3.If FED does during FOMC does not raise the interest rate, then we will wait for the price to be consolidated on the area mentioned in chart. If price consolidated above major trendline we will place buy and if the price break major trendline we will place sell with target of 108 & 107.
Best of luck👍👍👍👍
Never risk 2% of principal to follow any position.
Go through the analysis carefully, and do trade accordingly
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DXY BULLISH ?DXY seems to have formed a reverse head and shoulder pattern,there could be some volatility with DXY as there is news coming up today on DXY.
My views for Dollar Currency Index According to my analysis and with major news events coming up, My opinion on DXY is looking bearish.
Why do I feel so?
- Change of Structure in higher timeframe
- We have been in a long upward cycle. CHoC may lead to short term correction
- We have a demand zone in the bottom. we I expect the price to bounce off.
Again, these are my views for the week. Thank you.
DXY Going Long!!Gartley harmonic is close to its target which gives some more space for BTC to push higher ~21.7k zone. Dxy reaction off this harmonic will be crucial for BTC.
DXY CAN BE BEARISHDXY index showing bearish move.it can be reverse by making W apttern so safe entry will be at notch of the flag 110.147 and can placed stop loss at 111.145..target will be at golden line.so make your position as per your risk appetite.
dollar index it seems that dollar index made its top for few months.
it will be good for indian stock market.
DXY STILL BEARISH ?Price is currently at support but there is a possibility of price breaking the current support/trendline and touching a larger support/trendline which has formed below
Dollar Index will probably move down from this levelDollar Index reached an important level. Low probability of a good up move from here. Thus it looks like this is time for USD to probably pause for a few months as compared to other currencies. Upside first target complete in weekly chart.
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The index is currently calculated by factoring in the exchange rates of six foreign currencies, which include the euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF).
Red more : www.investopedia.com
DXY little retracement against trendIn my view DXY. Really in short retracement ,
please it's not prediction not investment advice
Time for UD dollar to probably pause for a few months. Time for UD dollar to probably pause for a few months. Upside first target complete.
DXY CONSOLIDATION PATTERNDollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index.
As per my view we will be going higher towards 120-128 levels in short term .
DXY,BULLISH ?DXY,there is a possibility of dxy breaking out of this cup and handle pattern and to move upwards,if daily candle does not closes above the trendline there is a possibility of dxy touching the trendline/support formed below.
#DXYDXY look’s strong here, if it will able to breakout then we might see 115-116$ within no time, and it will create panic in our Crypto and global market as well..
#DXYDXY looks strong, if it is able to breakout then we may see115$ within no time, and it will crew panic and crypto and global market
US Dollar Index - are we ready for new all time high ?US Dollar index has recently completed his fall of wave 4 inside the bigger degree wave 3, and now possibly wave 5 has been started of bigger degree wave 3, Inside 5 it has completed wave 1 and wave 2 of 5, and possibly started to unfold smaller degree wave 1 of 3 of 5, now should retrace as wave 2 of 3 of 5, it would be a buying opportunity with invalidation level of 111.9040, One can go long in dip of wave 2, or can go long on breakout above wave 1's high, in both scenarios stop loss could be same as invalidation level 111.9040, which is nothing but low of wave 1, because as per waves principle wave 2 will never retraces 100% of wave 1.In 1 hour time frame RK's Mass psychological cloud is suggesting to go long only, Because it's above cloud, so don't go short.
possible wave counts on 1 hourly chart
possible wave counts on 4 hourly chart
possible wave counts on Daily chart
RK's Mass Psychological cloud in 4 hour
RK's Mass Psychological cloud in 1 hour
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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.
Dollar Index for the week 17 - 21 OCT 2022Beautiful breakout above 92 as shown the related chart below...
right now in bullish territory...
Important levels marked for next week.
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$Dxy At Support Flip 113.39-> Continue Upside!! Lose 112-> 109!!$Dxy At Support Flip 113.39-> Continue Upside!!
Lose 112-> 109!!
