Is it the right time for USD longs?Hey traders, in this week we are monitoring DXY for a buying opportunity around 104.3 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Dxylong
⁉️ DXY Weekly Analysis Here I think we could see a retracement on DXY, as the price tap psychological level 105.000 and rejected from that zone. I expect the price to take sell side liquidity + PWL (previous weekly low) liquidity and to close the imbalance. Only after that I will look for long position. Until that we are looking for Shorts on USDxxx pairs and Longs on xxxUSD pairs.
DXYU.S. Dollar Index
The weekly price chart below shows the U.S. Dollar Index rose again last week, in line with the long-term bullish trend, printing a bullish candlestick that closed within the top half of its range, but showed a significant upper wick. This was again the highest weekly close seen since March 2020. Dollar bulls will be encouraged that momentum trading continues, and the price has continued to advance to new highs. However, the pace of the increase has continued to slow down, which hints that the bullish momentum may be declining.
Despite the seeming decline in bullish momentum, it will probably be wise to take trades in favor of the US Dollar in the Forex market over the coming week.
The greenback is the second strongest major currency right now, after the Japanese Yen.
DXY BullishUS Dollar break resistance level and start to reach 120
(According to my last prediction which is published on 29 Jan 2022, US Dollar is bullish)
Long Scenario for DXYJust for my own notes.
What if it is performing double bottom?
what happen if DXY reaching price above 110?
what happen to BTC/Stock market?
What will you do? comment in the section below
DXY - CPI Data Day 💣Since it is a big day for the dollar it is only right we take a look at the DXY to get a better perspective on what we can expect.
I am in two minds - the daily chart would suggest we have an incomplete compression that needs to push higher to take out early sellers.
BUT
The four-hour charts suggests that breakout sellers have already been liquidated and that it may be time the buyers get a stop hunt.
What will happen is unclear but at least we have two scenarios we can work with depending on price action.
Keep this in the back of your mind during trading today and make your own judgement.
USD index Monthly Elliottin the long term there is a uptrend for US. it should complete its 5'th wave.
DOLLAR UP // EURO ( CRASH )The strength of the dollar as a currency is increasingly present against other currencies, if the FED continues to raise interest rates in this way and the rest of the countries do nothing with their currencies, we would be talking about an increase in strength for the dollar currency (at least temporarily). An increase in the strength of the dollar, would make a large number of assets and currencies, such as the SP500, Bitcoin, Euro, etc... fall sharply.
We are at a critical point, as we have already observed in the previous Euro analysis. If the strength continues to increase, there is a high probability that it could reach the levels of 120. After that level. We would be faced with a new scenario. Where the dollar will ultimately decide the future strength or weakness of the rest of the assets. It would not be surprising that we are facing a final sprint for the dollar where before falling the dollar itself, it will take everything ahead. Good luck to all !
DXY create ab=cd pattern. So BUY Now.....
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2023 WORLD ECONOMY CRASHESIn 2023, we will face a major economic crash and the value of the dollar will fall sharply against other world currencies. This economic crisis may exist until 2025, but after that we will enter the era of economic prosperity in the United States.
DXY Strongas long as rsi stay above 70 ( in 2 weeks chart ) dxy will rise...but i expect some pull backs in next 2-3 weeks...
The Bitcoin Bears Return!Traders,
It looks like the bitcoin bears have returned, here's what we need to watch!
Stewdam.us
U.S. Dollar the Bull in a field of Bears - USD longThe U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro,
Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since
then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets.
USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR.
The US will likely be able to avoid a recession and a stronger economy.
So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later.
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DXY - BREAKOUT STORYDOLLAR INDEX has once again giving a breakout from its recent high of 103.600. Recently as highlighted on the charts the breakouts remain successfuly specially after FED Hawkish View.
Will this breakout succeed ?
DXY Chart H4Here is my view for DXY on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY MARKET MAKER BUY MODELDXY looking like its setting up a market maker buy model with the high 103.949, i will be excepting further correction to the downside targeting the fvg sat below SSL 103.160.
From here if we show bullish PA then we can expect another correction on all cross assets.
What's key here is how crypto run while dxy corrects we want to see impulsive PA to the upside offering little retrace
XAUUSD H8With the important fund, today the market determines its trend. The two important level of $ 1830 and $ 1850 have the ability to change the trend in gold. Loss of support of 1830 and trend line can give a drop to the gold market.
👤SecondChanceCrypto
📅04.May .22
⚠️(DYOR)
Thanks for your Likes and Comments
Will DXY break above very important resistance?(long term view)Since 2015, USD Index is trading in two ranges: one between 92 and 100, and the large range boundaries, between 90 and 104.
After a strong and clear break in mid-April of 100 resistance, DXY has accelerated its gains and now is trading exactly under 104 resistance.
If you also look at the daily chart you can see that a small triangle is forming under this resistance, giving us the idea that a break up is imminent.
I expect another 10% rise for DXY to around 115 and only if the index falls back under 100 I will change my very strong bullish outlook for the Dollar
DXY skyrocket soon 120!!!This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
DXY(USD INDEX) SHORTS SHORT TERM 📉📉📉Expecting bearish price action on DXY on a short-term basis as pprice rejected a bearish orderblock on the H1, and shifted the market strucutre on the H1 from bullish into bearish.
From a medium-long term perspective i am still bullish on the DXY.
What do you think ? Comment below.
All hail the USDDXY is bursting through the roof to hit 109-110. With a cash rate hike of 50 basis points in the coming days there is no stopping this or inflation. I believe Risk-on markets are set to cool off for a couple of months and cash in households is going to become tight. Trade against this if you dare ;)
DXY LONGS AND HAWKISH FOMCHey traders, in the coming week we are monitoring DXY for a buying opportunity around 103.1 zone, in the 4 of May we are coming across the FOMC event where we expect USD to gain strength and remains bullish prior to that.
we highly recommend taking a look at DXY in the beginning of every trading week if not everyday, that will help you to spot the direction of USD pairs and trade them more professionally.
trade safe, Joe.
