Dxyviews
#DXY - lower low will be setThe dollar index could not overcome the $91.018 High and went under support. If the price did not set a higher high, most likely the downtrend will continue and a lower low will be set
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Dollar index began to recover.the index began to recover.
The markets went down.
a strong indicator.
What do you think?
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DXY Short IdeaLook for rejections in this area and we can short to the area highlighted in the chart
DXY is bottomingWhat is clear is that USD is weak but also is clear that the market can't be unidirectional indefinitely.
Usd counterparts started the year strong but the new highs (and new lows for the index) are marginal and lacking power. So far all that USD could do was to have some intraday correction and I think this is about to change and we will have a lasting correction.
That being said I will look for opportunities of buying USD and my preferred pairs are EurUsd, AudUsd and NzdUsd for short and UsdJpy&UsdCad for long trades
DXY- Dollar bears should be very careful now!I was pretty bearish USD till now and I wasn't disappointed by now and although in the long run I maintain my bearish outlook on DXY, at this point a drastic correction can be just around the corner.
With DXY approaching a strong support and old congestion zone around 89, I think Dollar bears should be very careful.
From the risk point of view also I can't see a favorable trade on the short side so, in my opinion, we should look to buy USD especially with NZD,AUD and CAD
DXY- Could it go under 90.50?Two weeks ago I said that I expect 92 support to fall , and now we have this break, and Dollar index is trading at 90.65 at the time of writing. More important is that DXY is now just above another support situated at 90.50.
If we look closely at the chart we can see that after finding support at 90.50, USD Index made a short term double bottom that I've spoken about and although we have a correction at that point this was very short-lived and the index reversed and broke under the flag pattern support.
I expect USD to remain weak and, indeed, we can have a break under 90.50 support. The next support is around 89 zone and, in this situation, EurUsd can be the best bet for rising and challenge 1.25
DXY- Double bottom on H1, correction underway?As I correctly anticipated, DXY broke under 92 important support and that lead to a 1.5% loss for the index, a strong break above 1.2 for EurUsd and GbpUsd reaching 1.35.
Now the index found support in 90.50 area and has formed a small double bottom visible on H1 chart. The neckline of the pattern is broken and we can expect a correction to 91.50 zone resistance.
I will look to sell rallies for EurUsd, GbpUsd, AudUsd and NzdUsd in this context.
DXY(Dollar Index) Gonna Bullish, Its Create Butterfly PatternDXY Gonna Bullish, In 4hrs Index range lower low, RSI, Higher Low= Strong Bullish Divergence
In Technical view, Dollar will bullish.
DXY to break supportAs I said over the weekend, I expect 92 support to fall, and if we look closely at the price action in USD major pairs we can see that each and every dollar's attempt to strengthen was sold by bears.
Considering 3 months of consolidation above this support and the fact that the index is pushing and pressing down I expect this break not only to happen but for USD to spiral down in the medium term.
My favorite pairs for buying in this context are: EurUsd, GbpUsd and AudUsd
DXY- A break under 92 means disaster for USD (weekly outlook)For 3 months now, DXY is trading in a range between 92 zone support and 94.50 zone resistance.
Although the 92 support has not been broken yet, USD seems very weak with all rallies being very well caped by bears.
I believe that this support will fall eventually and USD will spiral down to 88 support.
In this context AUD, NZD, GBP, and EUR should be bought against the dollar and I'm looking for a medium-term gain of around 5% for these pairs
DXYIf the important support level at 91.69 broken, the first target of Wave 5 can be considered 89.74
DXY- To break or not to break?To break is my opinion...
As I said in my previous analyzes, I'm bullish DXY.
The index has clear support above 92 and at this moment is trading just in trend line resistance. I believe this resistance will give up and will see an upwards acceleration for DXY.
My target is 96 with interim resistance just under 95
Usd should be bought on corrections against its counterparts
DXY-Trendline and 93.00 resistance aheadDXY
Due to the stimulus talks sluggishness has caused the DXY to reach the current bottom level and broad risk on mode helps the other major currency pairs against greenback but DXY has managed to re bounce from 92.477 And reached the upper side of the trend line and today DXY firmly broken the trend line too and 93.000 will act as major barrier for the bull. DXY is currently in consolidation phase we can expect strong bullish run in coming days
DXY ANALYSIS👁 TVC:DXY ANALYSIS D1
🛒BUY above = 93.70
🎯Target1 = 94.10
🎯Target2 = 94.70
🛑Stop loss or 🛒SELL BELOW = 93
⏳ DXY 1H: Upside Bullish move underway🎉 Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
DXY is started to trading within a rising channel and Currently the second wave is underway we can expect the third Elliot impulse wave and the possible end point of the 3rd wave is 94.07.In between this 3 wave we can expect 1-5 minor Elliot waves.
💌 Leave your valuable comments and suggestions related to this idea in the comment section.
Thanks for your time. Good day guys 💝
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 $.
DXY - Outlook 8 October 2020 - Complicating USDHi all traders,
This is a video analysis for dxy.
DXY is gonna be volatile as the US election nears.
but we are also at an important levels where traders could make some pips trading it.
So take note of those levels i have explained in the chart.
hopefully you will take some trade off it and make some pips.
As always, do like and share this video analysis with all your friends.
Follow me on tradingview and leave a comment if u have any questions pertaining to this video analysis.
Cheers and thank you!
