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Dxytradingsetup

DXY - Larger Structure FormingHey Folks, Long time no see.. I've been busy with life in general so I didn't have a lot of time to post on here. Here's my analysis for DXY as I've been looking a lot at EURUSD in combination with DXY lately and I must say, they work perfectly together! DXY has been forming a nice larger structure with a 3 drive down into the 800 EMA and then reset up. In between you can nicely see the H1 Resets (marked). We expect price to move up some move over the course of the week (of course with some pullbacks) to then finally form a M structure and drop off. This process could last until next Friday as there is NFP news coming out and Market Makers looooove to use the news to move the market... Let's see :)) Happy trading to everyone!
TVC:DXYShort
by Matt1994
DXY -- BEARISH PRICE DIVERGENCE with consolidationWARNING: BEARISH PRICE DIVERGENCE Higher Highs and higher Lows while price is consolidating and RSI & CCI are making Lower Highs and Lower lows Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout. We still expect US Dollar Strength but it seems we are starting to run out of steam again on this particular rally. Can we hold on and continue to rally ?
TVC:DXYShort
by developeralgo222
1
DXY - Daily UpdateRecent price action: Neutral Pattern: N/A price is ranging at the moment after bouncing off daily resistance Long-term momentum: Bullish Short-term momentum: Bullish Action: Wait to see if price will test and hold S/R. If so, enter long position and sell again at daily resistance. If price moves up and tests daily resistance, then wait until that is a confirmed level of support before taking any long USD positions. Comments: Will be an interesting next several weeks. U.S. will release NFP data in June and price is nearing weekly resistance. Would be nice to see the dollar slowly make its way up to the 95.16 level before then; however, price still needs to test the 29 EMA. Next week might be a week of consolidation where price does test it.
TVC:DXYLong
by tradingwithyg
DXY Short at resistanceAnalysis: I've seen DXY correctively retrace towards a diagonal resistance (trendline). & It is currently entering into a 2 day reversal zone. Hypothesis: I am looking for latent sell orders to kick in at these levels, and a final wave down will ensue. Price should trade down to a Weekly reversal area, where I have indicated by the blue arrow Risk Management: Trade potential 3:1 + Take off half at 1:1, and move stops to Break even. Let rest ride to Target. If you are concerned about shorting against short term bullish momentum.. you can wait for a 4hr bearish candle before entry. PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
TVC:DXYShort
by james_007