Dxyforecast
ICT ATM METHOD DXY!!!!!!!ICT ATM METHOD!!! short term high ran and rejection giving you the confirmation of the short, well look for this to reject inside the ob 104.900 and take out the local lows liquidity 103.400.
Price reaches the low ob+fvg 102.650 prior to running the sell side liquidity well monitor this for a potential area where we see a rejection (pray this doesn't happen) and if so well look to take profit and cut our positions.
HOLY GRAIL if price seeks the sell side liquidity 101.300 then we can really set our selves up for some relief.
WE STAY CALM AND COLLECTED, LET THE MARKET COME TO YOU AND EXECUTE LIKE A BOSS!!
GOING LONG ON DXY. LONG TERM SWINGSpeculations with respect to technical analysis is seen that DXY has prospect of going bull,
$100 and $98 is seen as the nice entry for a bullish run,
TP @ $114
DISCLAIMERS
This is not a financial advice.
Trade with caution.
Use Proper Risk Management.
Martin I. Sylvester
Financial Market Analyst
DOLLAR INDEX | MONTHLY ANALYSIS#DXY has hit the strong resistance of 103 where a strong rejection candle is in formation.
For above 103, the bullish parallel channel will be active, and the upside target of 115 will be insight. But this 103 level has not crossed since 2002.
For below 103, a correction is due till 99 or maybe more than that.
On a daily timeframe, there is bearish divergence and 99 is insight.
Let us know what do you think of the idea?
DXY Dollar Index : Tighten your seatbelt, airplane in space 9.5Simple, practical, efficient.
We are looking at the highest level since March 2020.
A very smart trader once told me - Buy low, sell high.
And looking at December 2016, March 2020 - Jackpot would have been hit both occasions with a short position, with 15% down for USD on average both times.
Now let's connect that to today.
What's similar? The level it self. 103.80-104.50 is the range both times the USD came down crashing, showing strong horizontal resistance in this 5 year window.
What else? Extreme stretched MACD showing overbought condition only similar to March 2020 and December 2016.
And? RSI 14 on weekly chart shows the most stretched overbought condition since 2015, when DXY came down from 100 to 91 within weeks.
Now let's look at the other possibility , a clear breakout higher than the horizontal resistance.
This would be a breakout of a very long-term consolidation , which would mean the beginning of a new up-trend that could take the USD to highs only seen before 22 years ago and before than the mid 80's.
Is this probable considering the extreme overbought condition across big and short timeframes?
Is this probable considering the highest national debt in history by far?
Is this probable considering the tech bubble burst?
Is this probable considering the worst inflation in 40 years?
Is this probable considering the rate hike is already priced in?
And the list goes on and on.
Make an informed decision, don't buy expensive.
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DXYDXY was broken top of the big triangle. it can be fake breakout. There is small important channel, the price is on the middle line. I have two idea, FIRST: last top was wave D of big triangle and it was fake breakout and the price wants to complete wave E. SECOND: The price touch the bottom of channel and start again to go up to complete wave big 5.
US Dollar RetracementThe US Dollar Index (DXY), which tracks the greenback versus a bundle of its main rival currencies has ended the week bearishly confirming a reversal candlestick (Bearish Engulfing) after sliding by 1.34% throughout the week. The weekly chart shows the potential for a retracement, even within the ongoing trend, the next support lines up at 102.65 (weekly low May 19) followed by 102.35 (low May 5) and then 99.81 (weekly low April 21).
The dollar and gold have been well proven to be safe-haven support from the negative impact of the worldwide negative pressuring factors. The US dollar has also benefited from a special bid due to technology stocks. That bubble is bursting at the moment and it will draw money out of the US during the next wave of investing, which will be in value stocks.
⁉️ DXY Weekly Analysis Here I think we could see a retracement on DXY, as the price tap psychological level 105.000 and rejected from that zone. I expect the price to take sell side liquidity + PWL (previous weekly low) liquidity and to close the imbalance. Only after that I will look for long position. Until that we are looking for Shorts on USDxxx pairs and Longs on xxxUSD pairs.
DXY: 1M Chart ReviewToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period.
I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop may give the crypto and equity markets a chance to move higher for a bit.
I've been calling on the price of the DXY to go higher since November 2021:
When zooming out, the US Dollar price looks very bullish in the long-term. This is a monthly chart so please be patient with price action.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
U.S. Dollar the Bull in a field of Bears - USD longThe U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro,
Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since
then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets.
USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR.
The US will likely be able to avoid a recession and a stronger economy.
So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later.
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Will DXY break above very important resistance?(long term view)Since 2015, USD Index is trading in two ranges: one between 92 and 100, and the large range boundaries, between 90 and 104.
After a strong and clear break in mid-April of 100 resistance, DXY has accelerated its gains and now is trading exactly under 104 resistance.
If you also look at the daily chart you can see that a small triangle is forming under this resistance, giving us the idea that a break up is imminent.
I expect another 10% rise for DXY to around 115 and only if the index falls back under 100 I will change my very strong bullish outlook for the Dollar
dxy market maker sell modelLooking at dxy 5m we have a MMSM will wait again for london but will look to target the sell side liquidity going into London if dxy opens bearish.
london newyork will provide the setup once again , friday is NFP so we want to be in the trade by newyork tomorrow or we sit on our hands , weve seen the manipulation we face during the trading week , NFP can be wild and not worth the stress
DXY(USD INDEX) SHORTS SHORT TERM 📉📉📉Expecting bearish price action on DXY on a short-term basis as pprice rejected a bearish orderblock on the H1, and shifted the market strucutre on the H1 from bullish into bearish.
From a medium-long term perspective i am still bullish on the DXY.
What do you think ? Comment below.
DXY - MARKET OVERVIEW DXY - MARKET OVERVIEW
DXY moved parabolic for the most of this month and smashed yearly highs, this is being fuelled by the conflict in Europe but also the FED HIKE RATE event where they expect to print 50 bias points. This is bullish for the dollar and has been a driving factor but price has gone up so much which a correction it's becoming unstable. If the 50 bias points is printed I'd expect a big spike in DXY before a mid term bear cycle as price is already well and truly factored in, it's a waiting game from here and I am sticking to my bias.
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Pip count this week 💰🏆+1035 pips
WTI SHORT / 74 pips ✅
GBPUSD LONG / -26 pips ❌
WTI SHORT / 185 pips ✅
WTI SHORT / -10 pips ❌
GOLD BUY / 70 pips ✅
GOLD SELL / 170 pips ✅
WTI SHORT / 200 pips ✅
GOLD SELL / -30 pips ❌
GBPUSD SELL / 67 pips ✅
GOLD SELL / 30 pips ✅
WTI SHORT / 60 pips ✅
WTI SHORT / 130 pips ✅
GBPUSD SELL / -30 pips ❌
GBPUSD SELL / -15 pips ❌
WTI SELL / -70 pips ❌
WTI BUY / 100 pips ✅
GBPUSD SELL / 20 pips ✅
GOLD SELL / 110 pips ✅
18 trades taken
12 wins ✅
6 losses ❌
66% win rate
⁉️ DXY Weekly Analysis Here I expect a retracement due to the fact that price left behind a lot of imbalances that have to be filled, as well we can see the price rejected from institutional figure 104.000 and closed bearish on Friday. I expect the price could go for the previous weekly low liquidity and reject from bullish orderblock + institutional figure 101.000.