The dollar index has been quite unstoppable lately making new highs and breaking above lower time frames resistances. I expect some corrections at this level, especially now we are approaching high time frames horizontal resistance which makes me expect it to go lower at least to retest the previous range resistance on 4h time frames. The Setup is crystal clear...
On the technicals side, the DXY has finally showed its first sign of a trend change on the 2H after about a week of bullish move, now awaiting a confirmation by a bearish break of structure (BoS).
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Hi there, DXY charts are preparing a massive fall on the Monthly timeframe, we will see new lows for DXY, Currently we are sitting at the top of the Falling wedge, in the last wave (5) at the weekly chart as well, preparing a topping process for a massive fall which will follow for DXY Fundamental reasons for DXY fall- Dollar loosing his "World reserve Currency...
The current US Dollar Index (DXY) rally + level looks familiar... Previous DXY peaks have signalled crypto markets bottoms (as seen by the Crypto Total Market Cap and BTCUSD)
I'm bullish USD for quite some time and my 103-104 zone target was just hit. Although I will remain bullish in the long term, at this moment I believe a correction will follow. Looking at the monthly posted chart we can see that DXY is trading in a very strong resistance zone, market by 2017 and 2020 highs. That being said, a drop to 100 is very probable for the index.
DXY TD8 Monthly Candle stuck under monthly resistance line. A likely DXY top.
Almost there, my guess is 102.5 will be the turning point forming a H&S and than deep dive!
I'll keep it short and simple. Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level. Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market. The index must close below the...
DOLLAR INDEX can come back from here or grows to touch the orang line. Orang line is the most important line and it's big triangle of biggest wave 4. I think it will have wave E and after that grows to top of the biggest channel.
Here is my view for DXY on H1. 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!
Both RSI & Stochastic are showing hidden bearish divergence in monthly timeframe. Stochastic maxed out in monthly and weekly is approaching max level. RSI is strong in both monthly and weekly. Important level to watch out for is 102.250 This level is likely to be the top as per the symmetrical wedge pattern. Another important level which is more likely to hit is...
Here is my view for DXY on H1. 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!
Expecting bearish price action on DXY on a short-term perspective as price should fill the huge bullish imbalance that was formed on friday due fundamental reasons, there is also a possibility that price will take out weekly highs liquidity and then quickly reverse to the downside. This perspective is only on a LTF basis, from a HTF perspective DXY is very...
This is a quick breakdown on the DXY (Dollar index) and what I see for start of the trading week. Overall, I see the DXY bullish breaking 100.750 area and doing a simple break/retest on that previous high. You will also notice on the 4H chart that engulfing bullish candlestick that shows that the buyers are not done in this market followed up by the ascending...
DXY - Long term Technical Analysis:- TimeFrame:- 1 Week ✨DXY is currently at $100.5 Level. ✨DXY is Moving in a Bigger Support & Resistance Zone. ✨Multiple Price Rejections are seen from Support & Resistance zones. ✨Price is in Crucial Resistance level of $100.5 - $103 level . ✨RSI bearish Divergence is also seen, While RSI is in OverBought...