Considering the divergence and performing 5 ascending waves, we can boldly say that the ascent has stopped for a period of several months! And we expect price increases in high-risk markets, including stocks and cryptocurrencies
DXY will drop from current level; Technically dollar create bearish flag! So i anticipated dollar will be short from this level to 100.3xx
Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
No change in view. I am still a believer that we will see good correction on DXY. We are very overbought, and we got a moon cycle change upcoming. The market is overextended no doubt, and it feels all markets seems more severe in its movements. Therefore, we just have to stick with the ideas and do our best. Strategy SELL @ 103.40-104.00 and higher. profit order...
We are om the same boat with DXY. It is overbought, and reflects clearly that a reasonable correction should be underway soon. For now, the pattern is showing topping out, and further we are overextended. The chances are that we will see a correction back to 101.25 short-term to medium-term. This will be reflected in all USD pairs in the time to come.
It starts looking clear that we are topping out. The selling buying pressure is turning and reducing, and this is the first step and sign. I feel we are unchanged in view and SELL current 103.50-103.80. The correction will likely take us back towards 101.70 or lower for now.
The short @ 103.40 is working and we are correcting further towards 101.67 first stop and then consolidation is likely. Objective overall is 100.75. Strategy is SELL @ 103.00-103.20 and not lower then that.
The DXY is turning downwards. The kagi suggests we are going to move back towards 100.75 or lower. The selling pressure is starting to build up and we crossed slightly. For now feel we SELL current 103.30 - 103.50 and take profit 101.25 for now.
We have declined and went slightly up again. It feels like a late bloomer buying, and this suggest we may SELL again @ 103.50-103.80 and would add above 104.00. Over all think we may correct back towards 101.00.
Same as all USD based currencies (inverse or direct) are all showing USD overbought status. The DXY is over extended of course and it is likely we see move back towards 101.00 handle. the strategy is unchanged SELL 103.30-104.00 regions (minding leverage) and take profit as suggested.
The market has gone more north. It does not change the view though. The short @ 102.30-102.40 as suggested is there, and we add again @ 103.25. This is not changed, and we add again above 103.80. Correction likely will take place back to 100.50 area. Observing all pairs vs the US dollar they all have a common overbought state, and this is build into the DXY as...
My previous analysis stated sell 100.50-101.00 with stop-loss @ 101.55. This would be executed, and now we are much higher and we can re-enter this market. The RSI is overbought and as noted GBPUSD i extreme, which gives us a better change for DXY to move lower again. Strategy is SELL @ 102.20-102.50 and take profit @ 100.17 for now. I feel we should add SELL @...
No doubt difficult to pick the exact turn-around level for DXY. I observe the SMA strength indicator is starting to turn lower whilst we are still moving higher, and this suggest we are weakening in trend. Further the BB% is at the higher level of the band as well. For now I still feel being in a preferred SELL mode and suggested sell levels (and one may already...
It feels we are running out of steam currently. The SMA strength indicator is mid-way but the BB% is hoovering around 1.00 and feels topping out as well. My suggestion is SELL @ 100.40-100.60 and add 101 again. Profit order low 98.50 for now.
We have breached the selected sell entry level 98.60-98.80. I have SELL @ 98.60 and will SELL into strength. Likely SELL again @ 98.90-99.10. The pattern feels like a M-top and neck line must be broken for an objective 96.50 area.
Here is my view for DXY on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Just look at the shape of the pattern and one will see the M-top. Usually this suggest down move. We have not broken the trend line as yet. Strategy is SELL 98.30-98.80 (add slowly) and profit objective could be below 96.50 even.
I have taken back @ 98.38 as I feel we have gone enough downwards. Taking a deeper look at the chart, we are developing a "M-top" and the neckline is the key in the next move lower. For now I suggest SELL @ 98.60-98.80 if seen for test of 97.98 moving towards 95.50.