DXY Will retest and Grow Up SoonDXY Will retest and Grow Up Soon.
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Dollar_index
A stronger Dollar isn't out of the question - long-term chartFollowing the chart on the one day, i thought it would be interesting to post the weekly chart.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
A stronger Dollar isn't out of the questionThe Dollar index is something I've been grappling with for a while now. I bought into the narrative of a weaker dollar index particularly in light of the mass printing of money by the FED. Surely inflation must be a consequence of the monetary policies that we are seeing...?
It just makes so much sense that we see a cheaper Dollar. But the macro people disagree and their arguments are plausible and so i pay attention.
The biggest dilemma that i buy into with regards to a stronger Dollar index is the weaponisation of the US Dollar. Why would the US let their supremacy decline without a fight? Policy shock in the Dollar perhaps the biggest risk to countries around the world.
My base case is for a weaker Dollar over the next 5 years, however, its not out of the question for the Dollar to strengthen should policy shift.
The DeMarker indicator suggest that the Dollar Index should weaken over the short-term but lets see.
Very tricky....
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
DXY Update That You Must Watch - Dollar Squeeze Coming?Traders, we have seen the effects of dollar rising last week when stock markets (nasdaq, snp500, us30), cryptos (bitcoin, ethereum and others) and precious metals (gold and silver) also started to tumble. Even RESLA started to come down too. This is because of the fact that most markets are dependent on dollar. Against the general perception that dollar will die now, there may be few last good moves left in it which means that you must watch it closely as it can seriously impact your investments in financial markets. It has the potential to pop the bubble.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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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.
____________________________________________________
🔰 DXY - Dollar Index — Daily Update 🔰🔻 The Dollar Index Daily closed Bearish Candle — the intraday price has broken below 91.00 Zone - we got a Lower Low - Foe this reason we needed a Bullish Closure to get a direction but now the Price turned Bearish in this case we will wait for a pullback from here
🔹 Now the Price is trading around the opening price of the week - 90.200 will be our intraday support Below this line
🔹 The next intraday Resistance above our last HH candle
🔔 The dollar index is still in a Bullish trend
✅ DXY is pulling back to the downside then will push up - XXXUSD pairs will trade higher if the Dollar is dropping on the next sessions 😉
🔰 DXY - Dollar Index — is reaching our mentioned Target🔻 The Dollar Index Daily closed as another Doji Candle — the intraday price has broken our Bullish Holding price below 90.00 Zone - as we mentioned last night its hard to break but we got a Lower Low This Morning ( We will watch the Bearish Movement, we might get to our waiting Bearish Target before end of the week
🔹 Our Support Zone from here will be our Bearish Target
🔹 The next intraday Resistance is slightly above 90.00 Zone where the Price might test the Order Block after creating a new Lower Low
🔔 Dollar Index holds Head & Shoulders pattern in concentration to its Price Action
✅ DXY Bearishness is targeting the H&S pattern as we mentioned last night - all XXXUSD traded long when the Dollar was dropping 😉
DOLLAR - Could it drop harder now?Hi everyone,
indeed it's a big day for the dollar given that we have major financial data bein released in 3 hours:
Prelim GDP q/q
4.2% 4.0%
Core Durable Goods Orders m/m
0.6% 1.1%
Durable Goods Orders m/m
0.9% 0.5%
Prelim GDP Price Index q/q
2.0% 2.0%
Unemployment Claims
828K 861K
Pending Home Sales m/m
If data is not good we could see the dollar drop lower. It is now below 90 and the next support is at 84.65
🔰 DXY - Dollar Index — Read This before you trade any major 🔰🔻 The Dollar Index Daily Candle closed Doji ( Slow movement in the market — the intraday for today remain Bullish as long as the price is above 90.00 Zone ( This is a big figure number, Hard to break, Lets see how the price will trade in London Session )
🔹 Our Support Zone from here will remain 90.00
🔹 The next major Resistance is Our Target that is mentioned
🔔 Dollar Index so far having a Head & Shoulders pattern in its Price Action - The bullish Movement will invalidate the pattern
🔰 Dollar Index - Will give us a directions for XXXUSD & USDXXX🔹 Our Support Zone from here is 90.00 - more bearish movement can drop the price to 89.00 ( -1.00 Capital From the Liquidity )
🔹 The next major Support is 89.00
🔔 There are no major events happening this week for Dollar Index so we mostly will use Price Action to give us an insight into where the next movement will occur
✅ Analyzing this pair will allow us to get the Weekly Directions for XXXUSD & USDXXX Pairs! 😉
$DXY - strong few weeks inbound?DXY acts in an almost direct opposite relationship with BTC - DXY down, BTC up
Example: DXY uptrend from bottom of SR zone/falling wedge 6/7th Jan, BTC 42K top 8th Jan and moves into downtrend
Falling wedge broke and has now successfullly retested on the 1D chart - hold above 90.6 and DXY looks pretty bullish
This won't last for long though, couple weeks maybe, due to macro fall out of a bear flag 1M chart, and too much USD printing in the FED
But this is cause for concern for your crypto portfolios where they may have a stinky time
USDXXX pairs could be pretty bullish on the FX charts
Makes me tempted to get into tether in crypto, if 90.6 holds and top of BTC range can't be flipped to support! And enter bigger dips for when DXY downtrend continues!
Let's see....
MORE DROPS AS THE USD STRUGGLES AGAIN?The USD Has dropped has disappointed again which prompts drops.
🔰 Dollar Index Will give a directions for XXXUSD & USDXXX 🔰🔻 DXY did not change in Daily Time Frame today — The market showed no movement as the Daily Candle Closed Doji
🔹 The DXY will get bullish above 90.50 Level
🔹 The price will turn bearish below 90.50
🔔 We need volatility to take our scalp in the lower time frame
DOLLAR INDEX H4 - LONG - REBOUND Dollar index - H4 - Dollar istrading near a critical level which is the previous higher low.. now dollar index is making a new higher low so im expecting upside from here on.
🔰 DXY - Dollar Index — Daily Outlook 🔰🔹 Above 91.00 we will see a great bullish move — above 92.00 price will accelerate the bullish movement
🔹 Any breakout below 90.50 will take the candles pattern to normal — DXY needs negative data to go lower
- The market should be slow from now until we see a breakout or reversal
Head and Shoulder pattern tradingdollar index make inverse pattern on D1 after short trend will end after this pattern retracement then go to start your buy journey.
because after biden win the election. he will start to push the dollar strength. so focus on Wednesday powell speech market will make a buy trend
Still within consolidation rangeThe dollar has broken for the upside and it seem that the dollar is continuing for the upside especially with the positive improvement with nonfarm payroll and unemployment and vaccine improvement.
DXY - The Future of The DollarThere seems to be a common bias among traders that the dollar is going to strength long term, I disagree.
I think we will potentially see short term strength but overall the DXY has lots more downside to cover.
This sell off was simply a lure to introduce some sellers and wipe out existing buyers.
I would like to see a reversal from the box marked to the upside as illustrated.
DOLLAR seems ready for a nice dipDolalr index starts to sho weakness. NFP was negative and even worse the Avergae Hourly Earnings result is a problem the Feds will have to face..
Bad news, fundamentally and technically , the dollar seems to be weak at this moment.
DXY Created A Huge Bear Trap And Started To Move UpwardsTrader, we have been watching Dollar for a long time now and were expecting a bear trap when I posted this at the start of the December. A huge final move was expected before the M FCP (Fibonacci Confluence Pattern) completion and then move upwards.
Fed Stimulus or not
Goldman saying Dollar is bearish or not
All media against dollar or not
Economy down or not
Market Gurus playing DXY down or not
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.
____________________________________________________
🔰 DXY - Dollar Index — Daily Outlook 🔰✅ This allows us to get the Weekly Directions for XXXUSD & USDXXX Pairs! 😉❗️
🔹 The next major resistance is 91.50 and the full target that we are aiming for is 93.50
🔔 The whole financial market should respond to the next move from the Dollar Index
- Message us for more help to take your trading level to another level
Is Dollar (DXY) A Buy Now? Traders, Dollar has been finding its footing in the market. 2021 is expected to be bullish for the dollar with ups and and downs obviously. In this analysis of DXY lets see what levels and FCP (Fibonacci Confluence Zones) are important for the dollar. Even if you are not trading dollar you must watch this analysis so as to get an idea on how it can impact other asset classes because everything that you trade is directly or indirectly dependent on the dollar.
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.
____________________________________________________
DOLLAR -Dead Cat Bounce? The dollar index chart updated. It has risen today like it has done frequently recently but unable to break over the resistance.
Given that the Federal Reserve news are on in a few hours, it will be a very interesting session later on today.
We will be on alert for more volatility in the next few hours
