DXY long long cup & handle in making gold , BTC & EMs r vulnerable to DXY STRENGTH , BIG C&H in making . IF THIS GOT BREAK OUT , IT CAN BREW TROUBLE FOR HIGH BETA ASSETS
DXY trade ideas
DXYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ... as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618!
in the next period DXY is in a very difficult area and I will look for BUY if it closes even for a day over Fibonacci 618 to Fibonacci 786 and I will look for SELL again for a possible closing below 9130!
anyway ... closing for a month is decisive but I will bet more on BUY because W's formed on the 1 month chart!
THIS WEEK...as I said last week ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected!
in the next period I will continue to look for BUY until area 93400-94 but a closure even for 1 day under Fibonacci 618 (91941) forces me to think again about SELLpana in area 91480 or even below ....
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GREAT ATTENTION:
*This information is not a Financial Advice.
DXY : WHAT IF YOUR MOOD! Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
DXY Long | U.S. Dollar Currency Index DXY Long R/R: 1:4
Feel free to share your opinions in the comment!
dxy looking bullishHello guys i had find this setup in 4h timeframe which is taken support at trendline and also broken descending trendline and might go and test above channel so we have a good opportunity to go for buying setup in usd pairs and also plzz do your own analysis before taking any trading decision if you like my analysis hit like and do share and follow me for more charts thank you
DXYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ... exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze!
THIS WEEK...as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618!
in the next period DXY is in a very difficult area and I will look for BUY if it closes even for a day over Fibonacci 618 to Fibonacci 786 and I will look for SELL again for a possible closing below 9130!
anyway ... closing for a month is decisive but I will bet more on BUY because W's formed on the 1 month chart!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
DXY⬇️will go downRsi bearish divergent in a strong downtrend. It might go down to 89.60 zone....like if you agreee
DXY -Reversing with Target 103 SL 891. DXY is currently reversing and resuming in larger wave 3
2. VIEWS invalidated below 88 $
DXYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ... as I was saying last week ... DXY has stopped falling and is starting to form support in this area and form W!
If the next weekly candle will still be green then I will look for BUY around 92,600 or even higher ...
THIS WEEK...exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
Dollar IndexDollar Index
RSI is inoverbought on daily chart.
The base for Dollar Index is 90-88.
Falling Dollar Index is generally helps the equity market to
move up.
Remained flat between 90-88 help as well.
Now Dollar Index has been up as seen in the chart.
Daily chart gets in Overbought.
The trend line resistance is around 93.
The lower top is 93.44.
The supply zone is 92.87-93.44.
Expect resistance to be witnessed at trend line in near term
unless vertical spike beyond 93.44 is witnessed.
It could still be an opportunity as Dollar Index hits
93-93.44 for a possible swing bottom for near term in
equities or create negative divergence if sustained breakout
above 93.44 is witnessed.
For the time being it looks that
breakdown below 90-88 is unlikely and correction if any
after hitting 93-94 zone could be consolidation
to eventually move higher for Up trend is Dollar Index.
A sustained trend line breakout will be key decider.
If breakout is violated then expect equities to suffer.
US DOLLAR IS MAKING A COMEBACKIf USD continue to rise we may see a sharp pullback in the equity marketss. BE CAUTIOUS!
Levels to watch DXY- 93
US Dollar-100 coming soon?US Dollar on the verge of reversal. Already made double bottom and moving in a bullish butterfly in weekly chart. Any move beyond 91 and further beyond 93 could see sell off in most of the markets. Tricky times ahead. Be cautious.
Dollar Index - Strong support at 89$ - Target 93$1. Dollar index has completed the corrective pattern A-B-C in the longer term chart
2. Had made double bottom around 89.5$
3. Expect dollar to rebound tp 93$. View invalidated if below 89.5 $
US Dollar- Reversal Zone approachingUS Dollar can reverse from here as it is reaching its reversal/buying zone. If this happens, we can see correction in the near future. Till RSI is below 50, we are in comfortable zone.
