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Dollar_index

US Dollar RetracementThe US Dollar Index (DXY), which tracks the greenback versus a bundle of its main rival currencies has ended the week bearishly confirming a reversal candlestick (Bearish Engulfing) after sliding by 1.34% throughout the week. The weekly chart shows the potential for a retracement, even within the ongoing trend, the next support lines up at 102.65 (weekly low May 19) followed by 102.35 (low May 5) and then 99.81 (weekly low April 21). The dollar and gold have been well proven to be safe-haven support from the negative impact of the worldwide negative pressuring factors. The US dollar has also benefited from a special bid due to technology stocks. That bubble is bursting at the moment and it will draw money out of the US during the next wave of investing, which will be in value stocks.
TVC:DXYShort
by AlyaAkram
Dollar index -- gasping for breath?Keeping it simple, the dollar index has been on a tear, but things are getting pretty interesting. So, here goes: 1. We broke above the Jan '17 high, but so far have failed to experience follow through to the upside 2. What is occurring is important, but where it is happening , even more so 3. Prices are currently forming a doji on the monthlies (not sure how it'll look at the end of the month) with an outsized upper shadow (lack of buying interest or simply put, a selling tail ). That it is happening near the 2017 highs is a red flag 4. The inside pitchfork drawn from the GFC lows to the 2017 highs is offering resistance now 5. The upper parallel line of a channel constructed by connecting the 2018 and 2021 lows is also going to be resistance soon 6. The 38.2% fib retracement off the 1985 top and the 70.7% harmonic retracement from the 2001 head and shoulders top are clustering tightly in the 106 area, not too far away from recent highs Watch out!
TVC:DXY
by CMT_Association
4
DXY (Dollar) Long Term Analysis & Plan UpdateTraders, DXY (Dollar index) has been massively bullish as expected. Forget about what media has been saying about inflation, printing etc. The truth is that Dollar has been rising and markets worldwide have been getting affected by this move. Because of the general consensus, a lot of traders, investors and even institutions have found this move surprising and shocking. That is why we must analyse ourselves and trade what we see. 🙂 Dollar has been breaking out of a multi year consolidation range. I pointed out this possibility several times in last year or so because of a possible W pattern which was forming. This W pattern was going to form anyway but then covid came which pushed the DXY down. Now Dollar is back above the pre-covid level. Once this break out from the consolidation has been confirmed, USDOLLAR can rise mush higher. On the bullish side, the chart clearly shows all possible targets if the market continues to go higher in coming weeks/months and years. This is a long term analysis so can take a long time, even years and things can change too in that duration. So take care of the risk. There are however 2 reasons for its possible falls too in the future: 1. There are several gaps left and the lowest one is around 90 2. W pattern makes a market fall from few specific levels. So beware of these 2 cases. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:DXYLong
by vikinsa
EURUSD all eyes on 1.03183EURUSD has been dropping since June 2021 when it bounced from 1.23010 and dropped by 3.02% in a single month. Now what next. This pair has been dropping following a rise in US Dollar. Heading to a new week and month, we will see if it will bounce from 1.03183 lows. This area acted as a support in Dec 16,Jan 2017. All eyes will be focused on what happens next week as we anticipate to see how the market will react to Fed interest rate decision, jobless claims BoE rate decisions and NFP report on Friday.
by alonso780
DXY - Longer term! $DXY Longer term view Here's a longer term view technicals of DXY - Very important chart especially as we head into march with expected rate hikes and we do have FOMC today - as we anticipated the action forward ..Never forget the market is forward looking as yields head higher. The bullish momentum has occurred last yr Q4. Most of the % hikes is priced in but we could still have more bullish momentum to continue. Bullish if we stay above 50/21 EMA. Bearish if we go below 50/21 EMA. KEY TIP: Higher time frame is always a good indication for short term time frame movement. Trade Safe Disclaimer: Not Financial Advice
TVC:DXY
by Trade_Journal
GOLD at the point of no return. Dollar to beat gold, hands down!Gold needs to break the previous high. This chart has been uniquely made to remove the minor turbulences between Dollar and Gold. As you may notice, gold has been failing to reach previous high. And a triple bottom has formed. That red line at the bottom also shows that over a long period, gold has reached its significant top and for gold to go for the moon, it needs to break the bottom red line decisively with a backtest. Needless to say, it is noticed that gold's weekly SMA have different stories to tell. Dollars weekly SMA in comparison to gold favors DXY as the golden cross has just happened (or is happening as I write).
TVC:DXYLong
by indian_ceaser
Bullish during the War Weekly Timeframe Awesome Oscillator is still having its Bearish Retracement. We are looking for green volume next week to see more upside candles. Ichimoku-Cloud is still holding on, we are still inside the cloud which is fairly bullish. EMA Ribbon is still bullish it hasn't changed really from being bullish since 2011. We are currently experiencing two spring up. if we close with green candle we can expect more to the upside. 1D Timeframe This is Double Bottom that has huge potential to the upside. We already broke the cloud and the next rejection area is $42,221. We just need to hold on to this line of support and wait for the push up after consolidation; and if we don't, then we can see a movement to the downside. Our retracement in daily time-frame has shown green volume already in AO, it means this is the beginning of more volume and candle to the upside. The bottom are reached in the Retracement. RSI is also about to cross its Moving Average which means we are crossing a bullish zone for RSI. 4H Timeframe 200 Moving Average in 4h timeframe becomes weak and easy to break. We have broken the resistance in the second retest, so we can expect more to the upside. We need to break $39,904 and hold it as our support area then break $40,646 to continue the bull run. AO is already bullish and no sign of retracement yet. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news TradeScholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above technical analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BITSTAMP:BTCUSDLong
by Trade_Scholar