DXY Analysis || Forex || 5th -9th Feb
WEEKLY
Timeframe: 4H
Strategy: Long
Resistance: 104.504
Anticipating a pullback after reaching 104.5 resistance. A sustained breakthrough may lead to higher levels. Long target: 104.70 - 104.90.
DXY trade ideas
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.
DXY Dollar bais for coming daysAs we successfully close above the imbalance. This might turn up as a support for the price now.. You can see how price is respecting this zone so price will definitely try to make this a support and head toward these equal highs on daily timeframe.
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 bais for thecoming week or daysThis is what I anticipating that could possibly happen. High posibility that this weekly SIBI can hold and reverse the price however if not it can run over those equal highs next.
Dollar Index- 116 levels possibleDollar Index is forming a bullish butterfly harmonic pattern on the weekly timeframe. This could lead to a correction in the markets. Hedging is advisable. 116 levels can be seen.
DXY/ Dollar Index Trade Setup- Dxy currently looks bullish
- I am waiting for a retracement if not we can see DXY mitigate its overhead supply
- DXY can take out some more bullish momentum post that we can see some downfall.
- We are in a mid-range don't trade aggressively.
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 intraday ideaOnce it reaches to the buyside liquidity and weekly opening gap, i am anticipating it to come back to it's bearish institution order floww.
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.
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DXY DOOMWhat will happen if the DXY cannot hold @ the $1.00 value? Will it fall? If it does, where will the value fall to?
All expenses are on the rise, squeezing as many dollars from the economy as possible.
2021 was the 13th Shemitah (7year cycle) since 1930
2028 will be the 13th Shemitah since 1937, or 98 years (almost 100)
1930 and 1937 were plagued with banking crisis globally
I wonder what disasters await the world in the coming years
DXY Falls 2% in 2023The dollar index closed the year down 2%, the first yearly decline since 2020 after gaining about 15% over the previous two years as traders piled on bets that the Federal Reserve could start cutting interest rates as soon as March next year. After implementing an aggressive rate-hiking cycle that started in early 2022, the US central bank is now expected to begin easing early next year amid signs that inflation in the US is cooling. On the other hand, the investors are less certain that the European Central Bank and the Bank of England will cut the borrowing costs as quickly. The euro closed the year at $1.1037 notching a 3.1% gain for the year, its first positive one since 2020. Also, the pound stabilized at $1.273, gaining 5.2% in 2023, its best performance since 2017. Still, the dollar was up 7.6% against the yen which was pressured by BoJ ultra-loose monetary policy.
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dxy analysisTrade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3 ,5 ,10
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
Due for an Up move - DXYDollar Index Is poised for a slight upward correction considering the downward trend its been on since last month.
DXY: Short from Overlap ResistanceDXY has reached a very strong resistance level which is an overlap resistance
And also lines up with the 38.2% Fibonacci retracement
I think a rejection from this level might lead the price to drop to the swing
Low support
I'm bearish biased.
Looking for sells on DollarHey traders, here is the analysis for the DXY. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
US Dollar price today ( 11th Dec'23 )The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
DXY bullish scenarioIf we see DXY breaking out red channel the DXY will give another bullish impulse leg
