BUY Trade based on the following: - US Dollar Index showing signs of strengthening - Pair is considerably oversold - Supporting level - Pair currently on a valid Fibonacci level
DXY is firmed a wedge in lower timeframe, While, a broad channel surrounded the price for 14 weeks. Price needs to break the channel to goes up or down. So, Sell or buy that, when hit the bottom or touch high.
DXY chart Hopefully create bearish butterfly pattern. So market goes to 92.800 and 92.850 Neckline zone. If break out 92.900 resistance zone then market huge buy to 93.000 & 93.270 zone. If the market break out 92.350 support level then then market goes down to 92.000 support zone. AronnoFX will not accept any liability for loss or damage as a result of...
Eurusd uptrend The instrument is trading in the support zone , at the bottom of the price channel . Globally, the instrument looks long. At the moment, the currency pair rolls back to the level of 1.19, I think that after the pair will retest the lower border of the channel, after which it will continue to grow along the trend. Key point - resistance...
Breaking the weekly trend and support 92.20 dollar index looking for higher highs? Comment down below what you think of this.
Short DXY - 90.05 Stop Loss - 90.45 Take Profit - 89.25 Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling. If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.
DXY is ready to reach $94 , atleast
The U.S. Dollar Index (DXY) has been rejected multiple times on the 91.435 Resistance since April 21. This is a sign of weakness on the short-term which may jump onto the long-term too is the 4 month Higher Lows Zone (green) breaks, in which case the target will the the February 25 Low of 89.680. With the MACD on an aggressive Bearish Cross, rejected also on the...
DXY (US-DOLLAR-INDEX) back in trendchannel after a market failed to breakout. If this double-top-attern gets triggered we could see nice momentum for major-pairs!
Self-explanatory.
looking for another big drop soon. then long term recovery.
Wave Y of WXY model has completed or almost completed. Afterwards the USD index will rocket to develop up-wave C P.S Will look into wave Y (of WXY model) in more details on the minor TF
On my last post i mentioned DXY should drop to that trend and during that drop USD should be weak which actually played out i took advantage of it caught a buy on EURUSD and a sell on USDCAD so now i expect DXY to gain strength so USD should become strong now And i also have a setup for EURUSD sell which is a good correlation EURUSD setup in my next post
Am expecting DXY that US dollar index to get weak So overall i expect all usd to be weak Just an analysis not a trade
dxy still can drop another leg in short term trades , but i don't think it will continue to much lower levels in 2021. when the equity markets goes for correction (up %40 can be expected) , DXY can spike up over 100 again.
US DOLLAR INDEX has been on a long term downtrend since 1986. Price has been consolidating in a rectangular pattern at the downtrend channel resistance. We could see a bounce off the rectangular pattern support ⬆️ or a breakdown below the pattern support ⬇️.
Pattern: Channel Down on 4H. Signal: Sell once the price approaches the 4H MA50, which has been acting as the Resistance since November 04. Target: 91.220 (a -0.75% decline from a projected 4H MA50 contact point). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...