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Dollarbears

DXY (Dollar index) Shorts from 1hr supply zone My general outlook on the DXY this week leans bearish, as I expect price to continue trending lower. I’ve identified a nearby 1H supply zone, where we could see price react and begin pushing lower. There is also a larger supply zone further above, but it’s currently out of reach unless price pulls back significantly. Looking back, the 2-day demand zone I marked over a week ago has played out well, with a strong bullish reaction from that level — price is still rising from that zone. During this move, a new 11H demand zone has formed, which also led to a change of character to the upside. If price revisits that zone, we may see another bullish continuation from there. Key Points: Overall bearish trend expected to continue in the short term. 1H supply zone nearby is a potential trigger point for a sell-off. 2D demand zone previously marked is still holding and influencing price. 11H demand zone has caused a bullish shift and could provide another long opportunity if price returns. P.S. This is my general DXY outlook for the week. I don’t trade the dollar directly, but I use it as a key confluence when analysing and executing trades across other major pairs.
TVC:DXYShort
by Hassan_fx
DXY (Dollar) Sells from 101.700For the DXY, my outlook is that the price will retrace back up to 101.700 before continuing its bearish trend with another drop. Since that point of interest (POI) is still far from the current price, I’ll be looking for a potential buy setup around the 100.800 area, which aligns with a 3-hour demand zone. If the price respects this zone, it could generate enough momentum for the pullback. We’re already seeing a strong reaction from the 9-hour demand zone I marked last week, supporting this scenario. A further decline in the dollar will serve as a confluence for bullish moves in my other pairs. Have a great trading week, everyone!
TVC:DXYShort
by Hassan_fx
DXY Shorts from the daily supply at 104.200 back down.The dollar has broken significant structure to the downside, leaving a clean, unmitigated daily supply zone with an imbalance that adds validity to this point of interest. Once price reaches this level, I'll likely refine the zone and wait for a CHOCH on the lower timeframe. If price moves down first, I’ll watch for it to enter the newly created 3-hour demand zone, which swept previous higher-timeframe structure. This could propel the dollar up to the supply zone. Confluences for DXY Shorts: Strong bearish momentum on the higher timeframe, breaking previous structure. Significant liquidity to the downside. A solid daily supply zone caused this move, with an imbalance below. This pro-trend trade aligns with my other pairs. P.S. I expect Monday to start slow, with consolidation before either zone is mitigated. We'll make our move from there.
TVC:DXYShort
by Hassan_fx
DXY currently bearish ? (REACTION FROM 104.400)My DXY bias this week is to generally expect a greater downside. I anticipate a small retracement back up before making a new low. Given the recent significant news and the incident involving Donald Trump, we should be cautious and avoid trading at market open, as a major move or spike is likely due to its impact on the US economy. Once the market settles, we will assess and adapt to the most probable scenarios. There's an 18-hour demand zone currently in play, and if price continues to drop, I expect a bullish reaction from the 21-hour demand zone.
TVC:DXYShort
by Hassan_fx
DXY (Dollar Index) Shorts from 103.300 down towards 101.500My bias for the dollar this week remains bearish, leading me to seek pro-trend trades from any proximate valid supply zones. With the recent reaction from my prior 3-hour demand, I anticipate the price to continue its ascent to address the imbalances above. Subsequently, my expectation is for the price to undergo distribution within a supply zone identified on the 14-hour chart, providing opportunities for selling positions on the way down. While acknowledging the possibility that the price may not ascend as high and instead continues to drop, I am prepared to wait for a new demand zone to seize potential buy opportunities in such a scenario. Confluences for DXY Shorts are as follows: - Price broke structure to the downside on the HTF, confirming a bearish bias. - There's lots of liquidity left below in the form of trend line liquidity and asian lows. - There's a clean 14hr supply zone that has caused the impulsive move to the downside in which I expect price to react from next. - Since there are imbalances beneath the supply, it's probable that once the price addresses them, a bearish reaction will ensue from the supply. P.S. My bearish stance on the dollar persists, prompted by the recent structural break observed on the higher time frame (HTF). This strengthens my inclination toward bearish positions, making me more inclined towards considering long positions for pairs like GBPUSD and EURUSD. If you guys have another take on this market I would love for you guys to leave a comment!
CAPITALCOM:DXYShort
by Hassan_fx
3
Dollar collapsing soonAs I track BTC, I also track DXY as they are closely correlated. The DXY is due for a big retracement to the bottom of the diagonal triangle. This will give a strong push to BTC on the way up. I now target at least the 42 k level for BTC, and midterm, the 58K...needs to break a few resistances before I turn completely bullish. I still think we will go to 22k after this run-up, with the DXY recovering in September pushing BTC to the 22 k...after that, around late December, BTC will finally resume the bull market till march next year 90k min target. In the chart here presented, we can appreciate a bearish divergence, so the dollar is finally losing momentum, which will be the catalyst for the next move down. It won't go down straight like a rock; there will be a retest at 91.50 a little bounce to then collapse all the way down to the bottom at 89.60. Check the chart for more info Enjoy the ride and be patient.
TVC:DXYShort
by CFcryptoTA
EURUSD long in weekendInto the weekend a little drawdown as the EURUSD is hitting the PRZ zone and starting to reverse at 38.2% on FIB. A little drawdown and due to weekend shifts and jumps I am going to move the Stop out a bit further to prevent being artificially stopped out from market jumps. The grey block from original SL to 1.08683 is to signify a bookmark of sorts so I'll know to adjust the SL back to normal on Sunday at open (aussie monday). The market structure has held really well in this new adventure, the batman (and soon giant 'W') is proving to show a decent upwards momentum. Keeping it simple and low order size because no one wants to be a dollar bear =D. May the pips be with you!
by forexfreaks