US dollar index approaching breakdown for US Elections in NovPrices are constrained in a rectangular formation approaching breakout. Possible targets of 95.26 by November
DXY trade ideas
Dollar Rebound - RSI/MACD Divergence & Stretched PositioningShort term dollar bottom?
Stretched CFTC net long positioning has started to unwind a little as well.
Plus Euro which is a big component, also has seen stretched positioning and now we are seeing resurgence of cases in most major European countries.
Dollar Forecast View My view Dollar (DXY) 92.70~92.50 Near price come and again up move come 93.70+ price come.
DXY Dollar Index - view for next few years. Purely based on the charts, the bear market for DXY maybe limited down till 88. Any substantial weekly close below 88 voids this view.
DXY Wave count - Complex StructureOm Namah Shivay
Trying a complete new structure for first time. Could be wrong in counting. But if next impulse down is continuing, then the counting holds.
Om Namah Shivay
DXY SHORT TERM LONG OPPURTUNITY WE would like to see how price reacts at the retest of the structure low for a potentail long oppurtinty..If price breaks below my structure low..i might be looking to go short
DXY , Weekly analysis for Aug 24-28Looking bullish week for Dollar index, based on price action anlaysis
DXY WatchDXY broke first support..
Now retracing back on fibo levels..(61.8 is important level).
Moving close to resistance on top.
DXY Technical supportDollar index at 93.24, 92.5 Level to watch on daily chart , breaking 92.5 levels can take DXY to 91 Levels.
DXY at interesting crosspoint ...RSI on weekly at very strongDXY at interesting crosspoint ...RSI on weekly at very strong support line ,beware ..it can go up from here ..killing the price rise in gold ..precious metal etc .
DXY - Inverted Head and shoulders reversal An inverted head and shoulders pattern has formed in DXY hourly. Watch for a level above 93.70 for a move to 94.80. This may very well be the reversal on the shorter term chart which would confirm that DXY has bottomed and on a path towards 98 in a few weeks/months time.
if this pattern is confirmed, we can see some corresponding correction in Metals and EM equities.
al usd pairs are going to strengthenDXY forms demand quasimodo. all us dollar pairs are going to strengthen
DXY - zone of reversal, 5 waves down completed 5 waves down done. Time for a reversal. Can see 98 in a few months.
Risk to dollar or the basket currencies ?DXY is on edge of the support at 96. RSI has formed positive divergence but yet not turned up. Circle marks the perfect support which should be touched by 23-26th July, if it has to work. The overall frame of the trend is still pointing 94 but positive divergence can't be ruled out. Better to be on the sideline and see which support is in motion. If it comes to 94 then the overall trend, started at 103, will get complete and we might see a bounce from there towards 96-98 zone.
DXY U.S. DOLLAR INDEX. Below 96 again??Ichimoku, MACD and RSI, all point towards another downtrend. The U.S. not able to control the surge in new COVID-19 cases is also not helping the index fundamentally. Below 96 again??
DXY US dollar index Bearish Flag prepare for Big Crash !!!Disclaimer : This is not financial advice please do your own research before investment.
As you can clearly see right now DXY creating Bear flag if DXY failed to sustain
above and breaks the flag from downside then the next support will be around 95.9
and if the price goes below 95 then the technically support will be around 93.
DXY - Long Attempts only in $96-94 zoneTVC:DXY just gave a breakdown.
On can attempt for any kind of long position, only near 96-94 zone.
