Get started

Dollar_index

US Dollar FailureIt is pretty clear from the chart the US Dollar is going to have problems breaking the 8/1 Gann ratio and the 0.618 Fib. The 0.618 Fib has been the most important level for the dollar for the last 30 years , 101 seems like an impossible task to close above with only doing it once in its history in 1999 , by 2003 we feel under and have failed every rally to get above it. It's literally been 22 years since the dollar has closed a monthly candle above the 0.618 , showing incredible weakness. In January 2017 we had our first attempt since 1999 and failed. Now the US dollar is facing the 8/1 Gann ratio and breaking that is not going to be easy. As you can see two amazing reactions of this Gann Fans literally catching the top wick in January 2017 and March 2020. Amazing reaction so far , from my experience with Gann Fans a double rejection of the 8/1 Gann is extremely bearish. If it had any real strength it should have broken it by second attempt. I have also set a Fib time sequence using the impulse wave from 1999 down to 2003 and as you can see we get an interesting timeline of events, not amazing reactions but pretty decent. The next date is April 2024, Could be the year the next rejection of the 8/1 Gann Fan? With massive bearish divergence on the Dow Jones something big is coming take a look below at the 6month chart on the RSI Massive bearish divergence it's there and its building up with a possible conclusion July 2024 ,I cover this in my TA below So will the Dollar be rejected at the 8/1 Gann Mid 2024 for the third time? If so, expect a move down to 82 dollars.
TVC:DXYShort
by Sporia
1
The Dollar and dead presidents (Update)Here we have a chart on the DXY. Although we have had a move back up it might be short lived as the trend over time is down. Investors aren't collecting cash the yare buying assets with it. the trend is valid until it's broken. AS you can clearly see it's valid since the early 70's (50 years now) so it's long term trend. The move down we have had since 2020 print of the multiple trillions (40% of all dollars ever printed) was minimal. For me it looks like the big move down has still yet to come especially as they are most likely printing even more. I've also added the RSI indicator with the chart. It shows a pennant formation which eventually either breaks down or up. That is usually determined by the initial move into it. Not financial advice. Cash is Trash - Ray Dalio
INDEX:DXY
by WeAreSat0shi
XAUUSD (Gold) Daily Analysis : Bull or Bear ?Examining the gold's chart ( XAUUSD ) in daily timeframes, we see that the price is in a trading range after the break of the uptrend and is fluctuating in the same range. We see that the price has rebounded (pullback) to the broken level. We have to see if the price will succeed in breaking its next dynamic support with the start of the new trading week or not . Exiting the price below or above this range could determine the possible future trend of the Gold ( XAUUSD ) . The bearish targets will be $1760 and $1726 and $ 1707 respectively . Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 12.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
DXY chart held on critical situation..... 07 DECEMBER 2021 DOLLAR INDEX MY VIEW- N.B-This week DXY chart held critical situation. If DXY chart breakout 96.600 resistance level then market goes up to 96.870 & 97.294 resistance level. If break out 96.00 support level then market goes down to 95.700 & 95.00 support level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXY
by AronnoFx
2
DXY 96.06 + 0.57 LONG IDEA * TREND CONTINUATION HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX. * The DOLLAR INDEX is in a clear bullish trend that rejected at resistance level 96.238 creating a double top at this structure, but momentum to the down side is not so convincing of a reversal, the BULL FLAG and the the retest of this structure also confirms this. * Now entering FIBONNACI LEVELS in the mix we see the index just tested 61.8 % fib rejection at this level with the bulls possibly signaling continuation. break above of resistance level 96.238 signals continuation with the bulls a 3rd rejection might bring about momentum needed for reversals lets see how it goes... IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:DXYLong
by PULEMokhothu
Dollar Index Breaks Above Rising Trend LineDollar Index Breaks Above Rising Trend Line. Breaking Above 95.75 Points May Open The Door For 97.61. If today's retail sales report print positive, It has a big chance that USD Index may test 96.45 points first then 97.61 On the Other Hand, If Retail sales drop today, the USD Index may test again at 94.56 points. But It Won't change its uptrend bias. So, keep in touch in today's retail sales report. RSI is showing overbought. So if retail sales drop, downside correction is expected. But if retail sales print positive, that won't be hard to carry its uptrend bias.
TVC:DXYLong
by Gold_Trading_Expert
DXY possible scenarios TVC:DXY two possible scenarios about dollar index in daily timeframe + a harmonic pattern might be created soon at first I expect a pullback to the purple zone and then if it won't be a fake breakout and keeps going up after pullback , I'll be waiting for price action at 96 . I made almost everything clear on the chart , if there's any question I can answer , ask it in comments what's your opinion about it ? please mention your view in comments this is just a possible scenario , and there's no certainness in the markets
TVC:DXY
by mahdirhimi
2