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Dollarsetup

DXY (Dollar) Shorts from 103.300 down to 102.200This Weeks DXY bias is to expect another major move to the downside to continue its bearish trend that it has now set. To capitalise on this movement we will wait for a minor pull back up to a near unmitigated supply, (which will be the 9hr) to look for entries to get into this selling trend. From this we will look for our usual wyckoff distribution to play out on the lower time frame and a CHOCH inside our POI to the enter our sell positions. I would love to see the asian high get swept as well because it will increase our confluence for a stronger sell bias. Overall I am temporarily bearish for the dollar and I expect price to keep dropping for the rest of this year. Confluences for DXY (dollar) sells are as follows: - Price is temprorarily bearish due to the perpetual BOS to the downside. - There's still trend liquidity left to the downside that hasn't been taken. - For price to react off next there is a demand zone below on the 4hr region. - There is a clean supply 9hr that caused an impulsive to the downside. - By the candle stick anatomy bearish candles are very strong holding lots of momentum. P.S. I would ideally wait for this structure to break first before seeing the correction back up to the 9hr however, if price goes that low I see it continuing going down to reach our next demand. Which we will then anticipate a potential short term buy back up. ALSO WE HAVE REACHED 100 FOLLOWERS, SO MANY THANKS! BE SURE TO SHARE THE PAGE TO YOUR FELLOW TRADERS AND HAVE AN AMAZING TRADING WEEK AHEAD!!!
CAPITALCOM:DXYShort
by Hassan_fx
1
DXY Chart Analysis.... In this situation DXY chart long term create bullish bat pattern and short term create Elliotte wave pattern. So, market need to seem buy correction @ 111.300 and 111.460 resistance level. If breakout @ 110.222 support zone, then market sell up to 109.700 support. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
Dollar complete W pattern ready to SELLDollar index ready to short from 109.4 to 106.4. Technically, Dollar create strong bearish divergence in weekly time frame. Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price. DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea. Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
TVC:DXYShort
by Analyst_MahfuzAzim
DOLLAR INDEX CHART ANLYSIS..... Dollar index seems to sell 96.767 level. When create reversal candle on this zone then market fully Buy. Up to 98.500 level. Then second target is 99.00 AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
DXY possible scenarios TVC:DXY two possible scenarios about dollar index in daily timeframe + a harmonic pattern might be created soon at first I expect a pullback to the purple zone and then if it won't be a fake breakout and keeps going up after pullback , I'll be waiting for price action at 96 . I made almost everything clear on the chart , if there's any question I can answer , ask it in comments what's your opinion about it ? please mention your view in comments this is just a possible scenario , and there's no certainness in the markets
TVC:DXY
by mahdirhimi
2
dxyfinishing the correction (in comments) with ending diagonal. how typical :D that small correction that is making now is same as in previous push up, so thats why im expecting somewhere similar retracing up before drops again and give us that diagonal whats presented on chart. however that drop down at last part can come in very different sizes and shapes and can be finished as soon as it tags the low (presented with blue horizontal line) or around that purple horizontal from daily/weekly time frame to form running flat and rush up again. from the other side it can drop even further and to which lvls we will know when we see what structure its making on its way. we can see all same pattern in almost every dollar pair accordingly so stay wise. if that is really end of the correction that means big wave is coming.
TVC:DXY
by sharing_is_caring
1
ADP data and dollar responseThe dollar is exclusively strong in the foreign exchange market so far. Consistent with an old rule “trend is your friend”, core strategy in current conditions should be purchases of the dollar. But, as we know, fundamental factors may break trends. Therefore, it is necessary to monitor the fundamental background for threatening the dollar. The nearest on the horizon - statistics on the US labor market. On Friday we will get the most important block of macroeconomic statistics from the USA. Referring to the data on the number of new jobs created outside of agricultural (so-called NFP - Non-farm Payrolls), unemployment rate, as well as the average hourly wage. We will discuss Friday’s data in more detail tomorrow and the day after tomorrow. Today let’s just leave on the ADP report on the level of employment in the private sector. If Friday's statistics are official data from the US Department of Labor, then unofficial data from the ADP Research Institute will be published today. Let’s start with that even though ADP and NFP formally display similar statistics, their value rarely coincides even at the level of basic trends. Actually, the level of correlation between them in the last 3 years is about 25%. That is, only in 1 case out of four, the trends in these indicators coincide. In this light, making any final conclusions based on data from the ADP would be clearly premature. Nevertheless, data may well influence the traders' sentiments. Analysts' forecasts for data from ADP are very optimistic. About 190K. And although this is slightly lower than the value in the past period, the figure itself is excellent and is quite close to the average value of 204K over the last couple of years. Since the hurricane season is over, and the US economy, according to the latest figures for GDP, continues to be in excellent shape, we see no reason for failure. Rather, on the contrary, average analyst forecasts give space for a positive surprise. Overall, our expectations from today's and Friday statistics are generally positive, so we recommend buying the dollar. The motivation for this recommendation: the total positive position of the dollar in the foreign exchange market, as well as the excellent shape of the US labor market (according to some indicators, this is a record value since the 60s of the XXth century).
TVC:DXY
by Trade24Fx
DXY Dollar Index -Great Depression 2018-2022?The US-Dollar-Index, a currency basket composed of 57%EUro, 14% jap.YEN, 12% British Pound, 9% Canada.Dollar and 4%Swedish krona and Swiss francs, is expected to continue up over the next few years. What this means to the most people of the world, I would like to summarize this briefly. The US-dollar is the world's largest and most liquid market for bonds and equities. Therefore, this market is basically the number 1 of Safe Haven- for global economic turmoil. Since the financial crisis of 2008, the index has started to rise and since the beginning of 2018 the index has left the correction phase (bracketed iv), which has been ongoing since March 2015. The flare-ups of the trouble spots in the emerging markets (Turkey, Tunisia, Argentina, China, India, ...) as well as the uncertainty in the EUro-area are therefore leading to accelerated capital flight and, as a result, many emerging economies and companies Markets that are indebted in US-dollars, have great problems or to get. Why? Capital flight always means a devaluation of the domestic currency against the dollar and thus the debt-equity ratio of dollar loans increases. Many states and companies can then no longer repay their debts, this leads to failure of these loans. Since many European banks and insurance companies are involved in these loans, their equity base is lost and thus the-EUro also loses against the US-dollar, especially since interest rates on bonds are paid in the US, while interest rates have to be paid to the ECB for "parking of money". Truly hard tobacco that awaits us all and probably can only be solved with a new world monetary system, because the majority will certainly want no depression as in the 30s of the last century. Can career politicians act proactively if it is for the good of the people? I do not think, so everyone has to take their own precautions!
TVC:DXYLong
by StefanBode
11