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Dollar Index Futures DX1!

DXY The 1 year Pitchfork approach points to a correctionA popular yet often overlooked technical took is the Pitchfork. On this analysis I have applied it on the U.S. Dollar Index (DXY) on the 1D time-frame. The dotted line is the median, with the dashed being the 0.5 Fib and the black straight being the 0.75 Fib. As you see the latter two are used as Support (on the lower) and Resistance (on the upper) levels respectively. Right now the price got rejected on the upper 0.75 Resistance Fib. Last time, on March 07, that caused a pull-back and 1 month consolidation. Basically the whole price action since December 2021, resembles the sequence of July - November 2021. Even the RSI fractals are similar. If we continue to repeat this, then the index is bound for a correction back to the lower Support 0.75 Fib. Short-term Support on the 1D MA50 (blue trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
5
dxy 3-6 update.dxy is currently backtesting a decade old trendline, if we get above it, this is bullish for dxy - bearish for the global markets. this is my updated projection on dxy as of this moment. i do expect a downturn into a sub-wave 2 of the primary fifth wave to take place sometime soon. once that wave 2 is completed, there will be some real pain in the markets. if you think things are pretty bad right now, i'm sorry to say - it can get a whole lot worse. prepare for it, use stops, and expect the unexpected. ✌
TVC:DXY
by notoriousbids
dxy 3-3- update ~good afternoon, quick update to my previous dxy post via: the us dollar is finally up here at my target. might expand just a hint higher to my 123.60% extension (market burgundy on the chart). if it does indeed expand, expect a tad bit more pain in the markets. if it rejects the 100% extension, relief will come quickly as many assets across the board will begin to appreciate very quickly. --- regardless if it goes a tad higher, or if it's done - i think this will mark the end of a very painful phase for some, and should in theory push things like spy and btc up fairly quickly. expect it if you are a bear, take advantage of it if you're a bull. ✌
TVC:DXYShort
by notoriousbids
2
dxy 2-22 update ~morning, it was last february when i called out the rise of the us dollar, and it has been moving up ever since. my initial upside target back then was at about $99. you can view that idea over here: ---- we moved up in what looks to me, like a leading diagonal. >a leading diagonal can be counted in only two ways, >wave (A) >wave (1). we won't know for sure which one it is, until wave 2\b plays out \ we see the kind of momentum it has on the way back up. ---- ps. I will say this though, if this plays out as a larger 5 wave impulse - it will be cataclysmic for the global markets. ✌
TVC:DXY
by notoriousbids
2
The Deep Diving Dolla.i recently talked about this 10 year trendline on dxy, and its importance in the global markets. as of right now, both the usa and crypto markets are lining up for a major move to the upside - which leads me to the conclusion that dxy is going to be a leading catalyst for this. i'm not a fundamental person, in fact i don't know anything about any of that stuff - just a man of the charts. back in february i talked about a move up to 99 on dxy just based off chart formation, but it simply didn't have the momentum to reach my level - which is good for the bull case of our markets. view that post via 👇 --- i'm projecting a move down to about 86 by end of year on dxy - this should give all asset classes the boost they need for that final blow-off top mania phase that'll break the markets for many more years to come once it is completed. best of luck! 2022 spy projection 👇 2022 iwm projection👇 2022 bitcoin projection 👇
ICEUS:DX1!Short
by notoriousbids
2
a red flag for the markets.dxy is flashing a daily algorithmic buy signal tonight for the first time since september 3rd. the last time it flashed, dxy went from a low of 92 to a high of 96, which caused pain across all of our markets. if there is anything that could break a bullish setup, it is the us dollar. be cautious out there o/ ps. this algo buy doesn't have to mean anything - it could in theory just keep falling if the worldly conditions permit for further downside.
TVC:DXY
by notoriousbids
7
dxy 12-17 updatemorning, quick little updated count on dxy. we're at a make or break point in the markets right now, and a decision has to be made within the next few days. --- ✅if dxy succesfully rejects this 10 year trendline, then we will see some big moves to the upside in our markets for a few months to come. 🛑if it breaks above the trendline, well then it's gg for the markets. 👇 ---- i originally was targeting $98 way back in March, but i doubt it's going to get there as of today. 👇 ---- let's get it.
TVC:DXYShort
by notoriousbids
2
dxy updatetalked about this dxy move last february, took a little long to play out, but it was expected. if dxy did indeed start an impulsive move here, this is very bad news for our markets. the higher it goes, the more pain we will experience in the stock\crypto world. there's also a possibility that it's currently in an a-b-c, about to complete wave C. if that's the case, we should reverse to the downside in the coming days, otherwise, we playing out a bullish fractal for the many years to come. --- check out the previous posts, to see where i'm coming from
TVC:DXY
by notoriousbids