Dxyidea
THE DXY IS GOIN SIDEWAYS exactly like we anticipated WHAT WOULD HAPPEN ON the DXY for this end of the week, we won't see any big move on the USD pairs until it bounce off the 93,40.
we have to understand that this 93,40 is a very important key level, if it breaks we will see a big move to the downside, and that so we the 93,40 is a strong support level , to break below it , we need to have a very bad news on the dollar $.
US DOLLAR (dxy) to fall to 92.00 region and beyondBased on my Elliot wave count, I started shorting the dollar since 94.70 price region. because it is evident that a new impulse wave as resumed towards the downside.
I am expecting more downpour ahead to a minimum of 92.00.
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DXY find support near 93.75 key levelDXY
As we updated earlier DXY finds support near 93.75 and got some upward pressure and reached 94.75 key level
Got rejection at 94.75 level and again felled towards 93.75 and finds support around this level We can expect the price will reach around 95.00 which is a key psychological level
Us dollar Massive fall aheadThe Us dollar index shows all possibility for a fall in price at it is currently around our confirmation region for a sell.
We expect a breakout of this level to pave way to more down side.
Target and invalidation level is as shown on the chart.
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DXY 200 points run has completed 92.75 to 94.75DXY
After the 200 point run from 92.75 to 94.75 its gave back some of the earlier gains. And reached 94.16 today. And reached the downside trend line which is drawn from September 09 low 92.70
We have observed that DXY tend to move from 92.75 93.75 94.75 levels in upcoming days will update about the market reaction from this levels
After reaching the 50% Fibonacci retracement level its started to slowing down. I think today bearish run is a short term correction. If the trend line got broken then the downside target would be 94.00 comes around 61.8% Fibonacci level and key psychological level. 94.00 is acted as resistance for DXY Since July 28 and the level is broken on 22 September and stayed above this level
If the DXY is remain well above 94.00 means the bull is still have a major control here. Negative risk sentiment causes USD,JPY to rise thus DXY got some major boost and in recent days the equity markets around the world seen some kind of September selloff. The investors remain worrying about second wave of COVID-19 infections and the Possibilities of No deal BREXIT and the upcoming United states of America presidential election
Today weak momentum in USD is caused by the relative strength of GBP and CAD though its contributed meager amount in basket of currencies against greenback. Today XTIUSD also got some major bid as tits traded well above the 40.00 level. And the equities are starting the week with solid gains thus its makes the USD less attractive
Currently DXY is trading below the 50 Exponential moving average and above 100,200 EMA
On Elliot wave theory The minor waves are completed from 92.75 to 94.75 and currently its forming a minor ABC correction waves. After the completion of c wave we can expect another 1-5 wave formation
DXY has reached the lower region of the Bollinger bands and we can expect minor rebound from this level. If the price got some major rejection around 94.60 then it will form a clear Head and shoulder pattern and selloff will happen
RSI has reached oversold area and showing some signs of rebound towards 50
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DXY - Bullish outlook Hi all traders,
This is a video analysis on dxy.
FOMC is this week, so please trade safe.
I have pre-warn some of the levels within dxy, so please take extra note on it and trade safe as always!
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Hope you like this video analysis on dxy.
Cheers!
BUY DXY ON DIPS !!!!as we see channel has a confirmed break out and retest broken zone
us data is also show positive job numbers we are buying this pair with confirmation on breakout
fundamentally and technically with a small risk and higher rewards
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U.S. DOLLAR CURRENCY INDEX LONG UNLESS WE GO INTO A RECESSION LIVE MARKETS U.S.-Durable goods rebound at end of what was likely a historically bad quarter
* Major stock indexes gain, Nasdaq in the lead * Materials, tech biggest gainers among S&P sectors; Utilities lag * Gold higher; crude, dollar down; US 10Y Treasury yield ~0.59% NE…
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TITLE/DATE BUY DXY/USD
ASSET forex/ dollar (dxy)
Platform-MT4
ENTRY 1 93.48✅ (market execution)
ENTRY 2 92.28 buy limit order
SL 91.98
TAKE PROFIT 1 $94.58
TAKE PROFIT 2 95.58
TAKE PROFIT 3 96.58
TAKE PROFIT 4 97.58
TAKE PROFIT 5 98.58
status- entry 1 active
DXY Possibly Buy/Long UpdateHere's a little update on my DXY analysis.
Looking for price to reject nicely in this red zone on H4, to look for possible buy.
I'm looking for short term buy first, if price breaks through trend line/resistance area and retests then I will possibly be looking for long term buy. I will post an update.
DXY Q3 Forecast in my Opinion.Weekly - 1st week of June the market shorted through a strong support level with no retest.
Daily - Market is retracing in a corrective manner. Investors moving money to safe havens like Gold and Silver.
4HR - Market is discretely in an uptrend and expecting a push towards 98.00
1HR - Watching for how the market reacts around 98.00 and the 68 fib level.
REMEMBER ITS NOT ABOUT THE LEVELS ITS HOW THE MARKET GETS THERE!
Long $DXY Analysis
Hello Sophisticated Trader,
The $DXY has finally broken above the 97.00 resistance and the 100 MA on the 4hr, this is indicating a possible move up for the bull for another test of 98.00 and possible 99.00. This is extremely helpful when trading, as the dollar index has become the main market driver. In addition, the renewed coronavirus fear most likely have an impact and support the DXY over the coming week.
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