Dxy_short
DXY Bearish SpeculationWe are forming our right shoulder, we might get an extension to the next resistance before heading down, price action shall tell us.
dxy update - sellas previously mentioned. dXY has now hit the top and reverseved back as said before. expecting this to continue down
like, follow and comment.
DXY UPDATE - DAILY AND WEEKLY UPDATESUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
DXY - PREDICTION AT IT'S FINEST... AGAIN!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 AT A KEY RESISTANCEDXY has been trending up for all these while and it has reached a key resistance level. looking out or some bearish movements
DXY - Larger Structure FormingHey Folks,
Long time no see.. I've been busy with life in general so I didn't have a lot of time to post on here.
Here's my analysis for DXY as I've been looking a lot at EURUSD in combination with DXY lately and I must say, they work perfectly together!
DXY has been forming a nice larger structure with a 3 drive down into the 800 EMA and then reset up.
In between you can nicely see the H1 Resets (marked).
We expect price to move up some move over the course of the week (of course with some pullbacks) to then finally form a M structure and drop off.
This process could last until next Friday as there is NFP news coming out and Market Makers looooove to use the news to move the market...
Let's see :)) Happy trading to everyone!
DXY breaks below 21-EMA, eyes 23.6% FibDXY extends declines for the 4th straight session.
U.S. President Donald Trump said he disagreed with the Federal Reserve’s decision to raise interest rates.
Possibility that the Fed might slow down the pace of tightening in response to criticism from the White House weighing on the dollar.
Technical indicators are biased bearish. RSI and Stochs have rolled over from overbought levels.
We see -ve DMI crosover on +ve DMI and MACD is on verge of a bearish crossover on signal line.
Price has taken support at 21-EMA, decisive break below will see further weakness.
Scope then for test of 50-DMA at 94.94 ahead of 38.2% Fib at 93.65.
Support levels - 94.97 (50-DMA), 94.92 (23.6% Fib), 93.65 (38.2% Fib)
Resistance levels - 95.57 (21-EMA), 96.13 (5-DMA)
Stay short on upticks, SL: 95.75, target 95
#dollar still have power to push downhi again dear followers check this out everythings is clear just wait for result
DX Bull Leg Fading Short SetupDX is seemingly in an overextended bullish impulse leg. Fading short entry here would be premature. Waiting for the next weekly close and entering short if the close is bearish would increase the odds. Trading profitably, the higher TFs in particular, requires a lot of patience, sound risk & trade management techniques coupled with a clear understanding of probability vs R:R trading setups.
DXY might likely sell off before resuming bullish trendWe are likely to see US Dollar self off in the coming 4 to 12 weeks before we resume the Bullish trend . We are still in the weekly bullish long-term trend channel.
NOTE: this is in the Long-term ( 4 to 12 weeks )
How to make a Dollar ToastThe Dollar under the Monthly 50SMA is toast, doomed. Why? Take a look at the previous 2 major declines of the Dollar. The last one is on the chart and highlighted with a yellow ellipse. Recently price is worming around it (red ellipse). Once it is below the Monthly 50SMA again there is nothing to stop it from falling like a rock. Currently, the price is under it but watch for the monthly close. This is a long-term analysis. You still have time to position yourself accordingly.
Comments are welcome.
Dollar Weakness In Coming Week!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!
DOLLAR INDEX - H4 - BEAR SETUPdollar index - h4 chart - selling on rallies due to dollars bearish trend. 3 drive reversal setup giving us confirmation of the weekly resistance holding
DXY Short at resistanceAnalysis:
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 Management:
Trade potential 3:1 +
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
If you are concerned about shorting against short term bullish momentum.. you can wait for a 4hr bearish candle before entry.
PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
