USDX trade ideas
Wolfewaves on DXY and coupled up with strong Fibonacci TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb 25th of 2023.
Wolfewaves on DXY and coupled up with strong Fibonacci TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb 25th of 2023.
Dollar Index Chart over H4 Chart.US Dollar Index in 20-year peaks
The index extends the optimism seen at the beginning of the week and trade beyond the 108.00 mark for the first time since October 2002, always underpinned by the unabated sell-off in the euro.
The move higher in the dollar comes on the back of diminishing US yields, as recession concerns seem to prompt investors to seek shelter in the safe haven universe for the time being.
Friday’s release of the June Payrolls, however, appear to have mitigated part of those worries and now favour the continuation of the current pace of the Fed’s normalization process.
Speaking about recession fears, the Atlanta Fed’s GDPNow sees the economy contracting 1.2% in the April-June period (from a 1.9% contraction recorded previously).
US Dollar Currency - Target 109.8US Dollar Currency index has given cup n handle breakout and target is coming to 109.8
DXY Dollar prediction by Girish KumarMy prediction is in snapshot. Whenever price breaks the wedge pattern. It reaches 26-70% range. So as of now the dollar is strong and will reach upto 123 and beyond.
US Dollar Index in 5th Wave of 5th (E) Impulsive Bull WaveON Weekly Basis:
DXY is entering into 5th wave of the final Impulsive wave E. It is the blow off top and generally Bear market sets in may be with complicated top or straight reversal pattern. July month should be the last Bull phase of US Dollar Index (DXY). RSI peaked at 89 as on 9th May, 2022. RSI shall be lower high and DXY price higher top, generally a pattern to sell. Level of 108 to 110 is the target in the month of July. It may be a blow off top.
ON Monthly Basis:
DXY touched RSI 72 in April'22 which is high but it may pierce by the end of July. Such is an exceptional level on RSI, it may prove to be a final top.
No fresh position should be taken and sell at the target of 108 to 110.
DXY MONTHLY Monthly orderflow remains bullish, we have monthly accumulation, buyers are still in control in HTF. untill and unless i don't see any distribution on HTF, DXY isn't falling (according to me)
Dollar index is at very crucial level, Dollar index making bullish harami on daily chat,
If it's validating the bullish harami, we may see a sharp fall on Tuesday on nifty. So be careful it's just a intraday up move on tomorrow session.
NY ENTRYPO3
Assian- Accumulation
London- Manipulation
NY- Distribution
Distribute in Confluence Area
macro factorsDXY UP EEM & SPX DOWN USINFL UP USBONDS UP CRUDE UP. Risk OFF sentiment will lead to chase of US BONDS & Dollar strength against currency basket will lead to further exit of FII & FPIs
THE DOLLAR INDEX MIGHT SEE A CORRECTION OR EVEN A REVERSALthe dollar index might see a sell-off for quite a few while the reasons for it is
REASONS
1. on a 1week time frame we are seeing a strong resistance.
2. on the 1day time frame we are seeing double top on the resistance.
3. and on 15 min time frame, we can see a head and shoulder pattern and a descending triangle pattern.
4. if the US market stays positive today we could see and in verse affect the dollar index.
so, my suggestion is to stay against the dollar and you could eventually capture a big move
Dollar Index DXY Bouncing off 50SMAThe US Dollar Index, DXY, is bouncing off its 50SMA (red) on the daily chart. This looks like a sign of strength in the US Dollar as it seems folks are buying this dip and a successful bounce on 50SMA can take the price back to previous highs of 105 on the DXY.
DXY about to finish its C wave or 3rd waveIt can be seen in chart that around 106.50 , DXY would do its 38% tgt for its 5th wave of its C wave or its (iii) rd wave, which means a dip down again to 100 in case of a (iv) th wave is around the corner as soon as next week.
In case of move beyond 106.50, it would only mean a extended move for 5th of (iii)/C but even then a trip back to 100 is about to start in 1-2 week.
Short dxy As we see in the chart that dxy was in uptrend
For a long time it is a reversal in dxy and we see a strong downward move now dxy has retraced
Till fibo level 0.50 and must go more down
last breath for dollar as global currencyLast Breath For DOLLAR AS GLOBAL CURRENCY. This IS Daily Chart OF DOLLAR INDEX which Shows Sign of Fatigue for UP Side , in Next FED MEET ANOUNCEMENT IF FED ANNNOUNCES 50 BBS RATE HIKE THEN IT WE BE THE
LAST NAIL IN COFFIN OF DOLLAR
Short dxy As we the market there is a order block resistance bearish flag & triangle pattern so we should take a sell in dxy
# money management
# trade safe
@GPottabathni DXY Index The weekly charts for DXY show that the correction may continue till 99. After that, we will have to watch what happens.
dxy under slight correction to 102-100 levelIt is likely that DXY has started to show a pull back to 100 or slight below it. Wave 2 of this 5th wave was small so wave 4 could be 38% to 50% in retracement
dxypitchfork pattern
still long dxy ,will gold fall
we will work or not
gold struggling will 2 into 10 points
