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! Follow me on tradingview Like and share this trading idea with your friends Hope you like this video analysis on dxy. Cheers!
Hi all traders. For dxy, it seems like it has broken above the major trend line on the daily which will also signal the strong possibility of usd strength However, we still have an important resistance that we need to break 93.90. If this level is broken, we should continue to see the strength of dxy towards the next blue trend line before any bears appear. If...
DXY analysis Two possible moves For dollar index
Hi all traders. Please take note for dxy. Currently dxy has slightly broken the trend line but still trading below the 200ma. On the h1, we are seeing dxy with structure still intact. As such, as long as structure holds, we should be expecting the 200ma to be broken next week on h4 for more upside confirmation. However, if h1 structure doesn't hold, we should...
Hi all traders. For dxy, im still viewing the market as a major downtrend As of now, im viewing it as a possible descending triangle Most probably we might see some retracement happening within the triangle then further downside Once support is broken, then we should see continue selling on a long term. Cheers!
hi all traders. Morning! As shown in the chart, the bear flag is still intact And so far, we have seen signs of bear defending the area as shown in the callout box If there's any break out of this bear flag, we should continue to see this dxy to continue going downwards. Cheers!
Hi all traders, Morning! This is daily updates for dxy. As you can see from the dxy, we might be seeing a potential bear flag. If we were to break out of the trend line , we will see potential downwards movement, any further low , previous week low must be broken to further strengthen the bears on it. As usual, any buy for dxy must be only above DAILY...
The DXY has broken the downward trendline and is about to test resistance We will wait for price to break resistance and retest before going long! There are signs of divergence all over the place on this pair and with the fall of the USD I am looking for price to shoot up
This has danced around all week and now with the USD falling I can see this rising at some point early next week Once price breaks resistance I will be placing my first buy to the next line of resistance
Price broke resistance now we are waiting for a pullback before we buy to the next resistance zone
Wait for confirmation of breakout and boom... were going long
Previously at the marked level of support price shot up through a level of resistance and all the way to the second level of resistance I anticipate the same thing happening again. I placed a buy last week and price shot up only to come back and test support BUT i see price shooting off again to the moon
Waiting for price to break resistance then ill be buying to the target area DXY - BUY SL - 96.180 TP - 97.647
As we can see from the chart price heavily rejected support and is heading down to an existing support level I am waiting for price to retrace and break through then we will be buying to the target area
We are waiting for price to break resistance then we will buy to the green area
Hello Sophisticated Trader, Our long DXY from Last week did go and test resistance. This coming week, the $DXY has seemed to test a double top and is likely to test the bottom back at 96.25. So, I'm looking to short the DXY for a test of the bottom of the current range to find support for the month ends. Like, Comment, and Follow. Let's Make Money...