DXY - i told youlast idea
I think we're going down!
What do you think?
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P.S. I personally will open entry if the price will show it according to my strategy.
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Dxy_short
DXY- Trading Plan and Forecasting Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not a signal. it's my opinion. trade your own risk. and Must Follow Money management.
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DXY- Usd against the ropes, again...In my weekend comment, I said that the USD is very probable to had found a top at 91.50 and now looks ready to resume its long term downtrend once 91 zone support is cleared.
At this point, the index is trading at 90.75 and under the confluence of horizontal and rising support of the flag.
I favor selling USD against Eur, Aud, Nzd and Gbp, and buying dips for these pairs can be a good strategy.
First support is at 90 and a break here would expose 89.20 low
DXY- Correction over?After reaching a bottom just above 89 figure, USD Index started to correct higher and has reached 91.50 strong resistance.
The rise from this bottom is in a clear ABCD corrective structure and is signaling a potential drop for the Dollar and the presumption of long-term downtrend.
Support is now just under 91 and a daily break under this support will be a strong indication that the correction is over.
I'm looking to buy dips for EurUsd, AudUsd and NzdUsd
DXY / LONG IdeaFrom what i can see before we can look to go long on the DXY we must wait for price to reach this area which i have marked out as support
No significant moves happen unless this area is reached and we are probably a few weeks away from that as yet
This is just my opinion, let me know your thoughts
DXY- Important breakAs I said before, I'm very bearish USD, and till now things worked that way.
Now, after breaking down the flag formation, we have another important break for USD index: the horizontal support and previous low.
In my opinion rallies on USD should be sold and we can soon have new local highs for EurUsd, AudUsd, GbpUsd and NzdUsd
DXY - Outlook 17 October 2020 - bullish **short term**Hi all traders,
This is a video analysis for dxy.
As always, i have informed some of the levels that are important towards your trading for dxy.
Hope it helps in your trading.
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DXY multi timeframe analysisGood day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
Hour 1 chart
DXY is below the 93.50 level and trading within a confined range and its in a consolidation range between 93.35 to 93.50.
On breakdown of the either side will decide the next move of the DXY. On overhead 200 EMA and Downward trend line will act as resistance
Hour 4 Chart
After the consolidation phase it has felled below the box and broke the trend line which is acting as support for the bull since September 01.
We can expect retest play here and 200 Exponential moving average is coinciding with the trend line which is double bonus for the bearish trend
Daily chart
In daily chart yesterday its leaved a strong bearish engulfing candle and today it is moving within the previous day candle which is a clear indication of the selling pressure.
It has managed to reach the 94.75 important level and felled below the 94.00 key psychological level and even its broke the .50 Fibonacci and 93.75 key level which was previously expected to be a strong support level
93.5 level will act as support zone for the bearish trend
Disclaimer
Its a forecast of the next expected moves Not a financial advice
DXY - bullish biasedHi all traders.
For dxy, it seems like it has broken above the major trend line on the daily which will also signal the strong possibility of usd strength
However, we still have an important resistance that we need to break 93.90.
If this level is broken, we should continue to see the strength of dxy towards the next blue trend line before any bears appear.
If 93.90 is tested multiple times and yet still fail, we should see bears continuation.
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DXY - bear biased Hi all traders.
For dxy, im still viewing the market as a major downtrend
As of now, im viewing it as a possible descending triangle
Most probably we might see some retracement happening within the triangle then further downside
Once support is broken, then we should see continue selling on a long term.
Cheers!
dxy - short still intacthi all traders.
Morning!
As shown in the chart, the bear flag is still intact
And so far, we have seen signs of bear defending the area as shown in the callout box
If there's any break out of this bear flag, we should continue to see this dxy to continue going downwards.
Cheers!
DXY - bear flag potential // break out of the box rangeHi all traders,
Morning! This is daily updates for dxy.
As you can see from the dxy, we might be seeing a potential bear flag.
If we were to break out of the trend line , we will see potential downwards movement, any further low , previous week low must be broken to further strengthen the bears on it.
As usual, any buy for dxy must be only above DAILY timeframe 200ma or trend line as shown.