Cup and Handle has formed on the US Dollar Index. This took place after the break out of the downside. The latest US jobs report for Friday indicated a significant surge in employment, outpacing the predictions of economists. The economy saw the addition of 353,000 seasonally adjusted jobs in the last month, marking the highest increase in a year. Also with...
Good day traders and investors, Well, it looks like the dollar has had a major reversal just as expected and right on time. I have been expecting for a couple months now that something big is to be expected by mid September to the latest mid October as the cycle pertains too. The DXY hit the .5 on the fib which is generally a big reversal area, and boy did it...
The Might US Dollar Index aka the DIXIE, has reversed off the 107 resistance in what could possibly be a double top. Odd's are for a retest to the back of the recent rectangular range at 105.50. Should 105.50 break we could move to the measured target of 104.00. 200 day is at 103.55 and rising daily and we could potentially be headed for a retest should the risk...
Inv H&S has formed on the USD/ZAR since 6 June 2023. The price has recently broken above the neckine, showing the US dollar is poised for upside. The DIXIE (US Dollar Index) is also showing upside to come. 7>21>200 and confirms the US dollar is going up. RSI>50 - Bullish First target is R21.00 ABOUT THE DIXIE: HOW IT’S CALCULATED The USDX is...
I never trade DXY but I always have a tab open, I find this really useful when trading many pairs. My current take on the Fed and the US economy is: They were the first to respond to growing inflation Their tightening has led to interest rates of 5.5% (only matched by BNZ) They've hawkishly indicated more hike(s) Consumer confidence numbers this week...
Tough times for the USD; the market didn't buy Powell's hawkish attempt, ECB went as expected and Dixie has plummeted today. I do think the USD crosses will get a breather retracement tomorrow, so we could see a bounce off the rising trendline on HTF's. If we break the wedge to the upside then this could lead to a higher low and could signal a reversal with a...
OANDA:USDJPY Holiday is over, time to get to work with the Dixie Time for the UJ to follow Dixies' lead Both Dashboards signal bearish move. Took the short scalp at Asian open
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W Formation has formed on the DIXIE. We had a Sweep of sell side liquidity showing buying from Smart Money. It looks like they want the US dollar to continue up which is NOT good for developing countries currencies. 7>21 Price>200 RSI>50 Target 105.66
DXY — RESISTANCE (4H) ✍️ Several things have led to the current success of the DXY: (1) The Bold Way the Federal Reserve Handles Money Interest rates were raised four times by the Fed in 2022, and this is expected to happen again in 2023. Because of this, buyers are more interested in the US dollar because it has higher interest rates than other currencies. (2)...
We have Left my trend lines and ever since the double bottom we are seemingly creating a new trend. I'll be watching this week to see what kind of decision we get here from the markets. I'm not yet ready to make any calls and or create a quick new trend line to give you to count on just yet. Lets wait and see how the rest of the week plays out and if it...
Please take a look, enjoy, and criticize the last few postings I've made regarding the DXY this week. Traders know there is not much to say. This truly is a beautiful game we play. A never ending game, at that. I'm still trying to find my footing, my balance, if you will, on the TV platform. Who has a question? Who wants to discuss? My main studies have been on...
Since September 2022, the DIXIE has been coming down on a strong bear trend. When this happens, the US Dollar weakens and many of the other currencies strengthen. Hence you can see the EUR/USD taking off for the first time in months... Anyway, technically the DIXIE is still showing more downside to come. Technically, the price remains below 200SMA (Black...
Hello traders i am looking for a pennant break and retest on the 15-30Min TF. With a mild relief rally for the dollar that would place metals and indices in a bearish stance. Watch as this develops. Trade safe! -A.C.E.R. Trading
DXY is about to hit a strong Monthly and Quarterly support. Will likely bounce from there. What do you think? TVC:DXY
That green line is a 22 year resistance and we broke it recently. What happens when a level is broken and bullishly retested?? Well, it usually reacts in that trend. And the trend for DXY is very bullish. More bullish than we have seen since the 1980’s. This is an opportunity of a lifetime. You can’t really trade DXY, but this means all stocks, cryptos, and other...
Head and Shoulders has formed on Daily. It didn't even complete a decent looking right shoulder, which shows how strong the bears were to push the index. Moving averages are all bearish with 200 >21 > 7 MA. The interest rate hike has shifted attention to possible inflationary measures in the future for the US. This has resulted in Investors taking their money...
US Dollar Index is plunging toward the highs during covid. These recent drop features 2 of the biggest daily red candles in a while, with the last piercing through a 10-month support line, ichimoku cloud, gaussian channel and EMA ribbon. RSI also broke nearly 2 years of support. Momentum to downside is very strong. This is in line with Q4 generally bringing a...