DXY (Dollar) - Technical Analysis

Daily
Last candle closed below 0.5 of daily FVG. Looking for P to trade lower to VI

H1
P could trade lower from here.
Or it could trade to Last D L or H1 FVG right below 0.5 before doing so.
Or base on intraday PA to look for setup.

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Abbreviations are explained & pinned in my pinned post.

#DXY #TradingMadeEasy #tradingtechnique #CryptoMarketMoves #DayTradingTips

DXY (Dollar) - Technical Analysis

Weekly
Last candle closed above old H and really close to buyside. Looking for P to trade higher taking buyside.

Daily
Last candle tagged daily FVG then closed above it. Looking for P to trade higher. P might fill some of last candle wick before doing so.

H1
What I expected is P trades to M15 FVG to look for long.
But still gonna base on intraday PA to look for setup.

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Abbreviations are explained & pinned in my pinned post.

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DXY (Dollar) - Technical Analysis

Daily
Last candle closed above old H & created relative equal Ls. Although I'm looking for retracement today. I would love to see P take out the buyside or buysides. No bias for today, let's zoom in.

H1
Uncertain, gotta wait for intraday PA to see what P wanna do.

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Abbreviations are explained & pinned in my pinned post.

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DXY (Dollar) - Technical Analysis

Daily
P is trading inside the daily gap. Let's see how it reacts to that. Noting that we have PPI eco news today.

If P continue to trade higher today. I would look to short on Friday.

H1
I can only base on intraday PA to look for setup.

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Abbreviations are explained & pinned in my pinned post.

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DXY (Dollar) - Technical Analysis
(didn't update yesterday cause I was busy)

Daily
Last candle swept old H then closed below it, potential SFP is forming. I'm leaning toward P trading lower.

Noting that we have CPI today.

H1
P could trade lower from here. If P trades below recent swing L, It's likely to trade even lower.
Or base on intraday PA to look for setup.

If you find this helpful, give me a like. Cheer! 🫡
Abbreviations are explained & pinned in my pinned post.

#DXY #TradingMadeEasy #tradingtechnique #CryptoMarketMoves #DayTradingTips

DXY (Dollar - Technical Analysis

Weekly
Last candle traded to weekly FVG and 0.5 weekly -OB, then closed below it above 0.5 range. Looking for P to trade lower. P might fill some of the upper wick before trading lower.

Daily
Last candle traded and closed inside previous candle. Looking for P to large expansion coming. I don't have a clear bias for today, but I'm still leaning toward P trading lower

Noting that today has no eco new, be careful if P consolidates.

H1
P could trade lower from here.
Or it could sweep the buyside before doing so.
Or base on intraday PA to look for setup.

If you find this helpful, give me a like. Cheer! 🫡
Abbreviations are explained & pinned in my pinned post.

#DXY #TradingMadeEasy #tradingtechnique #CryptoMarketMoves #DayTradingTips

DXY (Dollar) - Technical Analysis

Daily

SFP is formed. Looking for P to trade lower to the recently created FVG. I think Wed is the H of the week.

If you find this helpful, give me a like. Cheer! 🫡
Abbreviations are explained & pinned in my pinned post.

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And we had a bounce and continuing selling pressure as expectation for DXY.
Load more to my EURUSD long from that price action. Probably will tp a part at 103.8

#DXY #sanor016CommUNITY #sanor016 #BinanceSqaure #binanceusers

Good Morning Stock Market Friends, I wish you a nice day and week with abundance and profits. #Bist100 #Stock Exchange #DXY #SPX #Ethereum #DollarTL #Bitcoin $BTC $ETH $SLP

Some ingredients for a relief rally

🇺🇸American Senate now also has passed the bill to suspend the Debt Ceiling until ‘25, ending fear for a default

The Fed is expected to pause rates on the 14 June meeting, the probability flipped from 35% last week to 74% now

#DXY is tanking

#BinanceTournament #googleai #feedfeverchallenge #BRC20

Dollar Index got rejected from 103.8 and now falling towards July close at ~101.45 which correlates with re-test of broken trendline. So short term favors crypto growth. After the touch we will see either bounce or break below.

The real fun begins only if #DXY fail to recover above 101.45 - that will give a chance for USD to drop much lower to 100.3-99.5

But so far its a bullish re-test from higher timeframe perspective.

A lot of selling pressure on DXY atm. Any bounces to the grey area are the chance to load your forex position.

#DXY #sanor016CommUNITY #sanor016 #BinanceSqaure #binanceusers

The CPI figures came out higher than forecasted and so the immediate reaction was an overnight Greenback breakout after a 4-5 consolidation near the 103.90 support levels.

Previous double top candles last February 5-6 was completely annihilated. The recent 82-day high was exceeded to a 90-day fresh high. The US Dollar has gotten fundamentally stronger and poised for higher high extensions!

The inflation in the US economy is still high. It cements more Fed’s decision to delay rate cuts on top of a strong employment and I think it will be less possible this year.

My yesterday’s trade plan has exited in a loss.

Re-assessing the US Dollar DXY index high timeframe candles first before I go to my trade plan today:

Yearly Candle: Last check is a Green Shaven Bottom now a Green Body
Monthly Candle: Last check is a Green Spinning Top now a Large Body Green Hammer
Weekly Candle: Last check is a Small Green Hammer now a Green Body
Daily Candle: Yesterday’s close is a Large Green Body

All the high timeframe candles have confirmed for DXY’s uptrend continuation. That’s it, do not fight against a trend it’s our friend. I will adapt my upcoming trades to a buy US Dollar.

On the day, there will be pullbacks as part of a new consolidation phase.

The previous 82-day high which contains the double top candles will be one of the nearby resistances got flipped into a support.

The other supports I am seeing are 104.80 and 104.40 that are inside the new bullish 4H FVG. I like to put the buy entry on these areas.

I will put a wide stop loss mark below the 103.90 solidified support. I find it safer there! Until the new 4H FVG is retraced completely, it will be a good stop loss level.

My take profit targets the November 2023 CoCH and part of the 1D FVG territory.

A 1.50 RR trade setup.

Take a look at the DXY chart above, price at time of writing is consolidating inside the 1D FVG. Once it’s done, price propels higher.

Trading involves risk.

Source:
https://www.finlogix.com/analysis/20240214/us-dollar-dxy-index-intraday-analysis-for-february-14-2024

#Write2Earn #DXY

As 42k is reached, now heading towards 45k if 40k is safe on daily timeframe 💥💥
But mean time, DXY is broken trendline to upward direction

A correction is coming dear 💥💥#BTC #DXY

#DXY UPDATE :

#DXY moving as predicted and slowly moving to the potential rejection zone/ resistance. We already saw the impact in the market by moving sideways and Dollar Index Rising. But the Market didn't fall much or remain stable irrespective of the rising #DXY. This shows the buyers strength in the market.

If the #DXY faces rejection at this level, we might see an increase to 44.5 $BTC #BTC there is a potential formation of a head and shoulders pattern #Write2Earn

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- Total Market Cap: $1.15 trillion ⬇️

- #BTC Dominance: 47.03% ⬇️

- #ETH Dominance: 19.92% ⬆️

- Total Market Cap: $34 million ⬇️

- US Dollar Index ( #DXY ): 101.11 ⬇️

- Fear and Greed Index: 60 (greed)

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#DXY Dollar Index Core CPI = 0.4 !

Good Time To Short Risk Assets? 6:30 🕡 👀

#DXY UPDATE :

#DXY moving as predicted and slowly moving to the potential rejection zone/ resistance. We already saw the impact in the market by moving sideways and Dollar Index Rising. But the Market didn't fall much or remain stable irrespective of the rising #DXY. This shows the buyers strength in the market.

#DXY goes as expected and reached the resistance zone as mentioned. Index strongly rejected from the level and printed a new lower low and might gonna reach the major support zone of 101.82% - 101.63%. Have an alert on that, as that might lead to strong retracement or short-term correction in the market.#