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.
DOLLARINDEX trade ideas
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
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 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 #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
DXY Update || Forex || 16 Jan If the price remains above the critical level of 103.606, it indicates strength and bullish sentiment in the market.
Wait for Confirmation:
Observe the price movement and wait for the formation of a single green candle. This candle could signify a positive shift in momentum.
Action Plan:
Consider planning another trade, preferably a long (buy) position, as the conditions suggest a potential upward movement.
Risk Management:
However, be cautious, and avoid selling unless the price drops below 102.9. This level serves as a precautionary threshold, ensuring you don't enter a trade against the prevailing trend.
US Stocks Swing, Earnings and PPI in FocusUS stocks swung between gains and losses on Friday as traders digest recent earnings reports and lower-than-expected producer inflation data. Both the S&P 500 and the Nasdaq were around the flatline while the Dow Jones lost nearly 190 points. On the corporate front, UnitedHealth declined about 4.2% after beating earnings expectations but reported a higher-than-expected utilization of medical services. Bank of America was down about 2.5% after a profit fall and Wells Fargo declined 2.2% despite a profit rise. Delta Airlines sank about 8% as the airline reduced the 2024 earnings forecast. Meanwhile, Tesla lost more than 2.5% after the announcement that it would halt production in its Berlin plant due to conflicts in the Red Sea and the associated shifts in transport routes. In contrast, JPMorgan gained nearly 0.8% after its revenue topped forecasts, although profit declined after a regulatory fee from regional banking rescues.
DXY till 101.90 not break will go up onlyOn 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
Inverted Head and Shoulder IN DXYTVC:DXY The inverted head and shoulders is a technical chart pattern that signals a potential trend reversal from a downward trend to an upward trend in the price of a security or asset. The pattern resembles the shape of a person's head and two shoulders in an inverted position, with three consistent lows and peaks.
The dollar is set to go higherDo you see it coming? What comes next after Z in the English Alphabet? Think about it. Even if you say A, you can count to ABC. So, three waves higher is a minimum for the dollar. But I think maybe there are bigger things happening here, like a third wave. Let the price action confirm.
DXY weekly analysis (bears are in upper hand (28-12-2023)Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (28-12-2023)
NA
DXY making the 5th wave as per EWT and it needs a strong support.
So, wait until it reach strong support I marked in the chart
Best of luck
Never risk 2% of principal to follow any position.
Support us by liking and sharing the post.