DXY has been in a consolidation area sine the end of January and hasn't been able to go any higher. We could expect it to break it's current support to continue the bearish trend it's in and fall even further down as there is yet no signs of strength. Wish you all the best :) Happy trading!
We are forming our right shoulder, we might get an extension to the next resistance before heading down, price action shall tell us.
Hey folks, As you can see, our analysis for DXY played out exactly how we expected it to. From now on, we're looking for short setups. When they move we move, so for now we're waiting for a good entry. Let's see what they bring us. Happy trading:)
DXY has been trending up for all these while and it has reached a key resistance level. looking out or some bearish movements
WARNING: BEARISH PRICE DIVERGENCE Higher Highs and higher Lows while price is consolidating and RSI & CCI are making Lower Highs and Lower lows Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout. We still expect US Dollar Strength but it seems we are starting to run out of...
Bearish divergences on all indicators. Is this a Double Top that Dollar is formed/forming? Let's see. Tight stop for shorts is 95.53. Broader stops align with the 100 WMA at 95.56 or let some wiggle room for overshoot. For Long-term analysis see
A perfect shooting star pattern on a descending trend line for the Dollar. Reversal at play off of this so expect some weakness for the Dollar this week!
It seems USDollar reached it's overbought Resistance price. Now it's good time to bear until price @ 91.50
Analysis: I've seen DXY correctively retrace towards a diagonal resistance (trendline). & It is currently entering into a 2 day reversal zone. Hypothesis: I am looking for latent sell orders to kick in at these levels, and a final wave down will ensue. Price should trade down to a Weekly reversal area, where I have indicated by the blue arrow Risk...
Expecting dxy fall to 83.00 long term
Hi traders! Today's analysis is cover yet again the DXY. It is such a important chart to follow since we trade everything USD related. We trade almost all USD forex pairs and trade commodities likes gold, silver & WTI priced in US Dollar! Now, the DXY is having a very technical drop. It broke through one long lasting support which was also an order block. Since...
EURUSD is a very clear long play and even stronger on a break of our recent high and above 1.21. I see people calling the top in EURUSD and bottom in DXY everyday and that gives me a further bullish outlook on EURUSD. Sentiment is everything, news is just a catalyst, and technicals are just a way to determine a good entry.
DXY is heading to $91 and even lower if we break below there. Sentiment towards the dollar everywhere is trying to pick a bottom which isn't good for dollar bulls. My current positions are short DXY , long EURUSD , long XAUUSD , short USDJPY , short USDCAD , long USOIL , long DJIA and long SPX. I will be holding these positions until sentiment turns the opposite...
Hi traders! We are back to see how our DXY friend is doing. This is not our first time covering this index. The marker makers made sure before showing its hand that we had total fakeout. This week when I said that the 92 level was big and DXY found the strength to push higher. We thought at that time that maybe DXY had somehow found something within itself for...
Short DXY. We have broken the upwards channel alongside a head and shoulders and now are in a bearish channel. We are retesting the neckline from current levels to 92.50/92.60 as a good short entry. Retail is long the dollar and are calling bottoms everyday which gives me a further bearish outlook on the dollar index.
We had strong move down on friday, and expecting TCP to retest the low. Trade with care!
Hi traders! This is DXY REVISITED We covered the DXY in the STATE OF THE MARKET VOL.2. At that moment, the price finally bounced of our order block and found some kind of momentum upward. That bull run had a few legs because it ran for some time before finding resistance around 95.00 Like any type of trend, the price has to retrace to become a healthy run....