Lets take a look at the USD Index DXY
Its been forming a hell of a bear flag all the way since 2008 and we're now in the final moments of reaching its top.
Right now the 5th wave of C looks like an ending diagonal (yellow) count where the 5th wave gets extended forming a broadening wedge top formation.
Once that breaks the game is on for lower.
DXY should...
DXY D1
Still working from these higher timeframes, the trends are very evident, we can't help but notice the higher structure HL's/HH's.
We have a sequence of earnings figures for US stocks and this has a knock on effect with the DXY and XAU. Fuelled by FED rate and FOMC comments... We have seen dollar pullback.
However, things data points and risk headlines...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
For those who know me well, know that I am a big fan of Gold, not as a long-term investment like I approach stocks and crypto, but as a backup plan if things go sideways.
By Gold, I mean physical, tangible Gold🥇. I regularly purchase an ounce every couple of months, depends on...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
JPM is overall bullish trading inside our brown rising broadening wedge and it is currently approaching a demand zone and round number 100.0
Moreover, the lower brown trendline act as non-horizontal support.
Thus, the highlighted purple circle is a strong area to look for...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for US500.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
➡️ The downward impulse on the index continues within the balance of 34160 - 34867 . The approach to 34160 is very likely to continue and end very soon. You can open the next sales from the current ones, if this has not been done before.
In general, the sell priority for the index is maintained. At support 34160 , we should expect at least some activity from...
Hello,Traders!
DXY was trading in a range
But now we are seeing a bullish breakout
Just as I predicted in my previous analysis
Thus confirming our bullish bias
So I think that after a potential pullback
We will see bullish continuation
Towards the target above
Buy!
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Hello,Traders!
DOLLAR INDEX is trading in an uptrend
And the pair is currently struck in a nice range
So IF we see a bullish brekaout
Then a bullish continuation will follow
WIth the target of retestinga supply level above
Buy!
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US. Index the price can stable at upwarding zone therefore will try to touch each target at upward respectively like we said in the previous idea.
———
Above 95.66 the next target
Will be 96.6 and 97.15 & 98.3 & 100.53
Hello,Traders!
DXY is trading in an uptrend
Ans the index is now retesting a long term rising support
Which makes me bullish and I think
That we will see a bullish rebound
And a move down
Buy!
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See other ideas below too!
DXY D1
As we mentioned DXY support holding nicely from the daily correction we saw over the last few weeks. We are expecting a bullish dollar throughout the week based on recent economic events and projections.
96.500 resistance is our next target, this ties in with yearly highs (2021) and also our daily resistance, which I expect us to break over the next 4...
Now this may be hard to grasp in, but the technicals don't lie...
USD index has tested the support line of the upward channel, unfortunately the support wasn't capable of holding the price to it's intended direction.
The dollar index has been strong since last early, respecting the formations of higher highs and higher lows.
Seems like the bears are taking...
DXY D1
Inching closer to the downside break on a technical basis, Powell's comments yesterday pulled dollar down a bit, CPI inflation data this afternoon which may or may not catalyse this move. Something to be aware and protect against.
DXY D1
Expecting a bearish dollar this week is we can break below this 95.500 price, if we can manage this, we will have set a new low following the consolidation breakout low, therefore continuing this LLLH sequence, we should be well on for seeing our 94.500 retest price.
We have been following this for quite some time now and the move we are expecting still...
Dollar index
Fundamentally America is a growing country so it is in a bullish momentum.
No we have to to choose the right position to activate our buy order
In this chat you can find if you have some basic knowledge technical analysis on time.
US500 is overall bullish trading inside our brown channel and now approaching the lower brown trendline acting as non-horizontal support, we will be looking for Trend-Following Buy setups.
Moreover, the 4K - 4.5K is a strong round number currently acting as support.
So the highlighted purple circle is a strong area to look for buy setups as it is the...
