DXY

On a monthly chart we can see that DXY is coming into strong support retesting key levels. Last time in 2018 it did similar retest it rallied to create a new range retesting the highs, are we going to get a similar reaction this time if economy enters serious recession in 2023 and DOLLAR rally will again come into play as a safe haven bid or will it blow through...

USD is now consolidating and retesting the inverted H*S breakout / neckline and if we take out upper trendline after this short term consolidation / retest, then we should close post CPI price inefficiency candles.Consequently if we start closing below the neckline again its bad news for USD.

We are seeing a corrective price action in USD and forex in general, with the most aggressive drop in this tightening cycle beginning last year. Weve taken out the rising trendline which is signifying that we are finally correcting the wave 3 leg up ... I think we have still room to go to finish the corrective wave 4 before more upside. The correction should find...

DXY formed a head and shoulders reversal pattern at the top showing more USD weakness to come in coming days.H&S TARGET 101.50That puts EURUSD easy 1.05-07

Dollar index broke a major trendline on Sunday open and continued south, a bit oversold on 1h right now its pulling back to resistance where we'll be watching for a sell #forex #trading #apexbull

Dollar index pulled back into previous support now resistance lets see if we get a downtrend continuation on 1h or pullback higher.

We closed the gap from earlier this week and now at trendline support - if we take it out we might have a nice risk on next week for FX and Indices.

DXY breakdown to the target 618 fib now taking a breather and a pause with a little pullback should look for new selling opportunities. #apexbull #trading #forex

DXY breakdown to the target 618 fib now taking a breather and a pause with a little pullback should look for new selling opportunities. #apexbull #trading #forex

Short term we are watching if price is able to close on 4H basis below the neckline of head & shoulders reversal pattern after a very strong bull run to finally pullback and consolidate. Also at the end of the month watch where the monthly candle will close above or below strong resistance as it will either show us a bullish breakout or DXY simply being in huge...

DXY / US DOLLAR FOREX pairs are going to offer a nice sell opportunity (you can trade it nicely against eurusd gbpusd nzdusd) at the resistance after the pullback thats happening now, at which point it will offer a nice sell opportunity. #apexbull

Outline of trades to come for the next week in gold and usdollar pairs.

SUPPORT IS HOLDING ON A WEEKLYDOLLAR NEEDS TO EITHER BREAKDOWNOR TAKE OUT THE RESISTANCE FOR US TO TRADE THAT MOMENTUM NEXT WEEK

$DXY USDOLLAR FINISHING CORRECTION LOWER > IF WE GET TO THE TRENDLINE SUPPORT, LOOK FOR BULLISH MOMENTUM TO GO LONG!

The major area of interest should produce either a bounce for a new leg up which we'll hop on to trade or take it out in which it opens up to a further USD sell off across the board which also is very tradable.

FIB plus TRENDLINE

Taking a look how Im going to trade the USD in upcoming weeks

trend is down and should resume so after the pullback

Wait for the close below the trendline and enter your favorite USD pairs

needs to break either direction

USD is under pressure taking out H*S pattern and targeting previous lows. You can easily trade it against EUR GBP AUD NZD etc as they all should be appreciating vs USD.