DXY vs. EURUSD Analysis January 2021

BIGGER PICTURE

ANALYSIS 29-Jan-2021

Charts speak more than words.

ANLAYSIS 28-Jan-2021

UDPATE: 2:

Still trading in a range. Need to wait for clear direction.

UPDATE 1:

Till now ONTRACK.

DXY: CMP: 90.69; RES: 90.93 (strong res); SUP: 89.15

EURUSD: CMP: 1.2094; RES: 1.2349; SUP: 1.2053 (strong sup)

If these Res/Sup holds, we can see the target zone.

ANALYSIS 27-Jan-2021

Where are they going? Previous analysis is still applicable.

ANALYSIS 26-Jan-2021

DXY: CMP: 90.41

EURUSD: CMP: 1.2129

Need to wait for the breakout.

DXY BIGGER PICTURE 23-JAN-2021

There are 3 scenarios I am watching into:
1. Bullish
Sup:84.21
If 89.15 is the low, we can see 105.78-110.19.

2. Bearish
Res: 103.81
If 103.81/94.78 resists, we can see more down towards 88.15, 85.45, 83.55 before big reversal.

3. Alt Bullish
Sup: 88.13
If Support 88.13 holds support as alt 4, we can see final up move extending towards 121.7.
Will post lower time frames soon.

ANALYSIS 22-Jan-2021 : BULL or BEAR?

There are more alternatives with DXY/EURUSD now.

As of now,

DXY: Res: 90.93; Sup: 89.13. Above 92.08 bullish

EURUSD: Sup: 1.2050; Res: 1.2351. Below 1.1921 bearish.

Let us wait and watch, which path these are going to take.

ANALYSIS 21-Jan-2021 - BULL or BEAR?

DXY
CMP: 90.28; SUP: 89.16; RES: 90.93
Bullish above 92.10
Downisde extension: 88.77, 88.05, 87.43
EURUSD
CMP: 1.2130; RES: 1.2351; SUP: 1.2047
Bearish Below 1.1917
Upside extension: 1.2376, 1.2480. 1.2570

NO CLEAR DIRECTION.

Analysis 20-Jan-2021 BULL or BEAR?

CMP: 90.26; RES: 90.97; SUP: 89.13

If you notice, DXY reversed from 100% level making double top.

Upside normal target is between 91.42-91.79

Small support can be seen at 90.02/89.87.

If the above levels supports, we can see 90.93 again and further 91.42, 91.79.

Analysis 19-Jan-2021

DXY not yet able to break the resistance till now.
Res: 90.93.
Above 90.93, we can see 91.43-91.79.
Break of 92.11, bulls will take the market to new highs.

 

 

Analysis 18-Jan-2021

Analysis 15-Jan-2021

EURUSD: Is top in place?

If 1.2355 resists, we can see 1.2102-1.2059, 1.1945-1.1913, 1.1745-1.6950.

Small Res: 1.2181/1.2222

DXY

ANALYSIS 14-Jan-2021

CMP: 90.31

Based on Weekly chart, DXY can make new low, before big reversal.

Base support 84.23

Based on Daily chart, If 89.15 holds support, we can see some up move towards 92-94 n fall big towards 88-86

Based on Hourly chart, if 89.15 holds support, we can see 90.97, 91.22, 91.81...

ANALYSIS 13-Jan-2021

DXY: RANGE: 90.97-89.13; CMP: 90.12

EURUSD: RANGE: 1.2125-1.2351; CMP: 1.2185

Is Bottom/Top is in place or another low/high can be?

If DXY resisted by 90.26, we can see 89.92-89.84

If EURUSD supported by 1.2165, we can see 1.2220-1.2246. 

 

ANALYSIS 11-JAN-2021 

ANALYSIS 09-JAN-2021 (WEEKEND ANALYSIS)

Based on monthly chart,
DXY downside normal target is 88.15-84.45
EURUSD upside target 1.2822-1.3338

IS DXY BOTTOMED?
No clear indication of bottom yet. Signal line 94.34.

Based on Daily Chart,
Still there are room for some down move left in DXY as long as 94.34 resists.

Break of 89.15, DXY will continue to lower targets.

If 86.61 holds support, we can see some more upside towards 90.29, 90.44 from where we can continue down fall.

Let us wait and watch the moves in the coming days.

MONTHLY CHART

 DAILY CHART

HOURLY CHART

15M CHART

ANALYSIS 08-JAN-2021 

DXY:
Break of 90.97, bottom might be in place. Normal target is done on the down side.

ANALYSIS 07-JAN-2021 

CMP: 89.46; RES: 89.95; SUP: 89.21

As long as 89.95 resists, I expect to see another drop in DXY towards 88.94, 88.78, 88.55.
From where we can see reversal or big correction.

 ANALYSIS 06-JAN-2021 

DXY/USDX:
Downside target remains 88.76.
Break of 89.95/90.95, long buy will be in place.

EURUSD:
Upside target remains, 1.2435
Below 1.2255/1.2121, long sell will be in place.

DXY vs. EURUSD BIGGER PICTURE

ANALYSIS 05-JAN-2021 

There are multiple scenarios.

Buyers SL 1.2133

Sellers SL 1.2316

ANALYSIS 04-JAN-2021 

CMP: 1.2258; RES: 1.2311; SUP: 1.2125/1.1741

If 1.2311 holds resistance, we can see 1.2183, 1.2148-1.2136, 1.2071-1.2061 before next up move.

Upside target remains 1.2311, 1.2378, 1.2483.

 

ANALYSIS 02-JAN-2021

DXY/USDX

CMP: 89.87; RES: 93.34; SUP: 89.45

Based on Daily chart,
Minimum target wave 5 reached at 89.5.
Can extend towards 88.83, 87.53, 86.83

If DXY is in complex correction of wave 4, we can see 90.12, 90.45, 90.61, 90.76 and continue to fall towards ultimate target.

EURUSD

CMP: 1.2216/1.2137; RES: 1.2310; SUP: 1.6020

Based on Daily chart,
Minimum target for wave 5 reached at 1.2112-1.2130.
Can extend towards 1.2427, 1.2452.

If DXY is in complex correction of wave 4, we can see 1.2166, 1.2133, 1.2113 and continue to move towards ultimate target.

Primary Scenario:

EU: As long as 1.1921 holds support, we will see 1.2309 again and further 1.2427.
GU: As long as 91.10 resists, we will see 89.45 again and further 89.28, 88.83.