Dollar still below descending trendlineThe United States Dollar Index ascends towards the descending trend line but quickly reverses from it. The Dollar remains weak as long as price is below the descending trend line and long set up can only be considered when price breaks above the 102.75 region.by TrainingTrader0
4-28-23 [dxy]good day, --- yesterday i shared a very conservative case on the us dollar, but after seeing the unfolding structure, i have come back to revise the case. i am predicting that the dxy expands upward in a fairly aggressive impulse upwards into may via an expanded flat. --- will update as it goes, but for now it's looking like we're heading up to roughly 105-106. stay safe!by Eloquent2211
A possible rebound zone We are entering in a very reactive area. Possible bounce from here, target ca. 103. Lose the box and we visit 98-100 range. NFA by RF_TradingUpdated 0
Dollar trades sidewaysThe United States Dollar Index trades sideways throughout the week, looking for the next impactful factor to determine the next short term trend. Bearish bias remains as price trades below the descending trend line. Bullish bias can only be considered when price breaks out of the 102.75 region. Dollar seem to await for the upcoming FOMC, before beginning of the new short term trend. by TrainingTrader0
US Dollar Index in down trendDollar Index is in clear down trend. Next stop 99.495 and 99.696. Shortby yvgoudar1
Candlestick reversal at recent lowThe United States Dollar Index dipped towards the recent low support but managed to close the week above. A breakout of the 100.69 support can drag the Dollar towards the 99.365 region. Any short term shift in trend can only be confirmed if price managed to break above the 102.75 resistance region.by TrainingTrader1
DXY (Long) - Temporary bottom for the dollar The dollar has fallen significantly on the back of falling interest rates and the bank crisis Currently sitting at a crucial support going back several years My thesis is a temporary bounce up to the 50SMA on the weekly Bullish engulfing candle on the daily suggesting a temporary reversal The yields on bond have also slightly reversed, hitting a 50SMA on the weekly; yields and the dollar collerate This strategy could be also used for any of the USD pairs of your choice, whichever one shows the more strength relative to the dollar It is a short-term trade with very good risk/reward I would use the support line as a stop-loss Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)Longby jurajholik0
dxy 4-14-23gm, i called both the bottom in 2021, and the top last year on the dxy (view posts at the bottom of this thread). very few people heard my voice - swinging by into the public communities to share this very general post today. --- dxy came down in 5 waves from my upside target, seemingly. possible w5 isn't in yet as it could see a slight extension - also possible that it is. --- once 5 waves down is indeed confirmed, a three wave retracement will take place, with force. when this retracement takes place, the markets will take a beating. nfa. --- ------ --------- PS. if the dxy see's an extension for this last leg, the bear market will get extended by 365 days. --------- ------ --- ✌ by Eloquent11
Dollar Tumbles as US DXYUS Dollar Index Dollar Tumbles The US dollar pulled back against a basket of currencies this week after better-than-expected inflation data target 89.550 Shortby hicham060
DXYExpect a spike around the shown entry level. This will drive enough retail on enjoying their longs and even more entering fresh new ones. A pullback will be needed. You can scale out of the position gradually above 2RR. The bearish macro trend will stay intact with the upcoming fundamental developments and mainly interest rate divergence with other still be to hiking countries. This is a pullback trade!Longby dnobel1
DXY (US Dollar) Elliott Wave Sequence Favors LowerDXY (US Dollar) Showing 5 swings impulse Elliott wave sequence lower from the 3/08/2023 high, which ended at $101.415 low on 4/05/2023. Above there, it favors a corrective bounce in 3, 7 or 11 swings before downside resumes. DXY proposed ended (B) at $105.883 high on 3/08/2023. Below there, it placed ((i)) at $103.484 low & ((ii)) at $105.103 high. ((ii)) was 0.618 Fibonacci retracement of first leg. It placed ((iii)) at $101.915 low on 3/23/2023. It bounced off in ((iv)), which ended at $103.357 high on 3/24/2023. Finally, it ended ((v)) as diagonal sequence at $101.415 low on 4/05/2023 to finish wave 1. Above there, it favors a corrective bounce in wave 2, which should fail below (B) high to resume lower as the part of (C) leg, which confirms below February low. Above wave 1 low, it placed (a) at $102.052 high & (b) at $101.755 low. It favors higher in (c) of ((w)) of wave 2. It placed i at $102.297 high, ii at $101.988 low & iii at $102.807 high. Below there, it favors pullback in iv before final leg higher in v to finish (c) as ((w)) within extreme areas. It may even ended ((w)) leg & correcting lower in ((x)) leg to retest the low before turning higher in wave ((y)) as the part of 2. Wave 2 bounce should fail in 7 or 11 swings from extreme areas in bearish sequence to resumes downside later in wave 3 of (C), which confirms below $101.415 low.by Elliottwave-Forecast2
Dollar trades at recent lowThe United States Dollar Index approached the key support region but managed to trade above on the later day of the week. The Dollar may continue to consolidate between 101.49 to 102.75 region. Dollar upside can only be considered when 102.75 resistance region is breached.by TrainingTrader0
Critical monthly chart for the mighty Dollar!Can the U.S. Dollar stay strong at the very important monthly support line with mid level of BB and 50% retract Fib?...! by FUNSB0
Dollar struggles to breakout of resistanceThe United States Dollar struggles to trade above the resistance region at 102.75 and fell back towards the recent low. Bearish sentiment for the dollar remains as price continues to trade below the 50 exponential moving average in the 4 hour time-frame. However, if price were to once again trade above the resistance region at 102.75, price can potentially head higher, towards the 104.085 region.by TrainingTrader0
Future of the DollarMost Recent Swing - 39RR If there is enough interest in these callouts, I will further expand upon them by adding detailed instructions, stop losses and take profits. Follow and comment if you want me to chart any specific tickers! Have a Great Day :) Where I learned - C0tt0nC4ndyTA on YTby Bulletz4Breakfast1
Future of DX1If there is enough interest in these callouts, I will further expand upon them by adding detailed instructions, stop losses and take profits. Follow and comment if you want me to chart any specific tickers! Have a Great Day :) Where I learned - C0tt0nC4ndyTA on YT by Bulletz4Breakfast0
Keep the box and run, lose it and visit bottom If DXY can keep the box and rebound from there there is a good chance to revisit 105. If it breaks below, be ready to re-visit the 101 zone. NFA. by RF_TradingUpdated 1
Dollar back to key level The Dollar met our initial target level and now trades back up at key resistance level. Any indication of reversal can potentially push price towards the 101.48 region. However if price managed to break further towards the upside, price can potentially move towards the 103.64 region.by TrainingTrader0
DXY: nextgold, bitcoin,altcoins up! it is not investment advice. full respect,Shortby AbdullahTuncerUpdated 3
MORE DOWNSIDE FOR THE DOLLAR?The United States Dollar continued its ascend earlier on the week but reverses from the 103.225 support region back towards the resistance zone at 104.085 region before heading lower again. The reversal of the resistance region at 104.085 can potentially lead the Dollar towards the key support region at the 102.25 region. However, if price managed to trade above 104.085, the Dollar can potentially trades back towards the recent high at 105 region.by TrainingTrader1
DX1! Weekly Technical AnalysisDX1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci, Pitchfork , Cup and Handle - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.by BahamasX5
DX1! Daily Technical AnalysisDX1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channels, Confluences, Fibonacci, Pitchfork, Cup and Handle - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.by BahamasX224