US Dollar Index Short Term Sell IdeaH4 - Price respected a key resistance zone and bounced lower.
Uptrend line breakout.
Lower lows.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
Dollarindex_setup
DXY - Dollar Index AnalysisDXY - US Dollar Index Trade Analysis
According to chart pattern DXY is forming Cup and Handle Pattern and this point my be the trend reversal on shorter time frame.
Entry Point for Long: 103.0963
Target: 103.3263
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$DXY -Room for Growth ?TVC:DXY has been showing signs of strength after Banks Failures,
printing what seems to be a Double Bottom at 100.8
Despite uncertainty over the Banking Sector,
there is definetely some Room for Growth to 105-106 regarding TVC:DXY Dollar Index
Reaching such a target, would put TVC:DXY on Major Critical Resistances areas :
- Broken Macro Trendline (in white)
- 0.618 Macro Fibonnaci Level
- 114 High Resistance Trendline (white + dashed line)
(current resistance on *D time-frame TVC:DXY will be facing is 200EMA on orange)
Worth mentioning is that TVC:DXY seems to been having create a big ranging zone between 100.8 to 105.9
(upcoming idea will be clearer on this range)
Untile the next one
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own financial advisor before participating on any trading activity based soly upon this idea
USDJPY| The NEW 2023 USDJPYI'm convinced USDJPY could turn bearish if the price passes the monthly and weekly low 130.420 exchange rate.
After this fulfilling bullish 2022 market, the sellers may have gotten tired of buying the dollar at high prices.
Japanese Index (JPN 225) has been declining. The dollar cash index (USDX) has been declining.
I'm patiently waiting to see if we will see our first lower low in 2023 or will USDJPY use this price range as it's last leg before continuing it's trend continuation?
I love putting this puzzle together.
What are your thoughts on USDJPY?
Dollar Index Chart Analysis....
In this situation DXY chart Lower high wave.So, market need
seems sell correction @ 105:2700 and 103:878 and 102:300 support level.If breakout 108.500
resistance level, then market Buy UP to 109:680 resistance level.
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
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Dollar Index Chart Analysis....
In this situation DXY chart Breakout symetric triangle pattern.So, market need
seems buy correction @ 107:830 and 110:150 resistance level. Then sell to 103.730 support
zone. If breakout 113.500 resistance level, then market Buy UP to 115.250 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
Dollars First Reversal Since 2021Almost exactly one year ago, the dollar reversed to begin its bullish run we've witnessed this full year. Today, price has reversed to the downside, passing the lows of $107.69.
This could be the turn of a bearish dollar going into 2023. The major currency pair's bias may now have to change with this news and the US30 market may turn bullish if it reverses to the upside due to the dollar's reversal. More to explore on US30 soon.
Thanks for reading❤️🔖📖
DXY create bullish Rectangle pattern. So, Short sell, long buy
In this situation DXY chart Hopefully create bullish Rectangle pattern .
So, market need seems to SELL correction at 108.600 & 108.400 support
level. Then Market fully BUY to 109.550 & 110.200 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY, Following Whooping Rate Hikes..Fundamental View:
DXY is at critical point i.e 109. It has reached
ATH after 20 years. In 2002, we saw DXY at this
zone.
DXY intends to break 109 zone as inflation is
at it's peak, whooping 75bps and rumours of
insane 100bps rate hike, positive NFP and also
fear of recession causing extreme panic in the
market. Investors are selling everything just to
remain only in SAFE HAVENS.
Technical View:
DXY is at strong multi years rejection zone.
We can clearly see DXY is trapped in Bearish
Flag inside Bullish Channel.
Price has finally travelled gradually up to reach
upper trendline of Bullish Flag after 20 years.
Q3 might be the breaking point of 109 zone only
if fundamentals are strong otherwise TAs are
extremely against further incline of Dollar.
If it breaks above then God knows what brutality
it might bring on to us. We have already witnessed
crashes for past several months but We might see
Mother of Crashes soon of Dollar keeps on strengthening.
Feel free to share your opinions as well:)






















