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Dollar_index

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. ____________________________________________________
TVC:DXYLong
by vikinsa
15
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. ____________________________________________________
TVC:DXYLong
by vikinsa
5
DOLLAR INDEX - Remains IndecisiveThere is nothing more important to a trader than a good prediction of the dollar's performance. At this stage and since mid-November last year, the dollar index has been going sideways. It landed on our calculated support but failed to find either a good rebound or a break through to dip lower. At this point it's important to understand what the dollar index is.: 'The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies.' So, we have a dollar going sideways against the rest of the fiat currencies. At the same time we have a stagnation (no great movements) in the price of Gold, whereas now Bitcoin is also sideways, correcting and flirting with 35k+ in a hard-to predict manner. In other words fellows: when the dollar finally moves and oicks a direction, our trading will be easier. For the time being it's a cloudy and difficult time to trade so one must be able to hedge, diversify and take profits relatively early. Not a great time for swing trades, scalping seems to have better chances at this moment and it is key for a trader to be able to adjust based on changing market conditions. When can the dollar find direction? Well, either data or other fundamentals. Keep your eyes and ears open, things can change in a day, an hour , a single minute.
TVC:DXY
by FX_Professor
1
DXY (Dollar Index)In the DXY, it currently looks like we are in the last legs of the downward movement. Here, an implied EDT could be developing as a white v of the red (c). Thus, a downward wave would still be missing. The ideal target, the 1.00 extension, of the pink Y would be fairly close to the trendline drawn below. However, for me, a close below the last low would be enough to finish counting the movement. Of course, this also implies that there are still more highs/lows to come in the single pairs before the dollar should start its run.
TVC:DXYShort
by Elliott-Waves-2_0
2
10 YEAR FIBONACCI ON DXY U.S. DOLLAR CHART!We are approaching the .5 line on the Fibonacci retracement. This is a DECADE long Fib! In my opinion, if the Crypto markets want to continue moving up, the DXY must break the .5 level! If it double bottoms and starts moving back up, the crypto markets will be put on hold. However, I do believe it will break. There was a DEATH CROSS on the weekly chart mid November. The last time that happened was JANUARY 2003!!! It then proceeded to drop over the next 5 years by over 30%!!! We could be witnessing the collapse of the U.S. Dollar right before our eyes!
TVC:DXYShort
by FiveDayCrypto
1
🤔Dollar rising and Gold rising (as expected!)😉Our updated Dollar chart. Close to major resistance again. Funnily, dollar is rising and commodities are rising which is a big discussion I will try to keep it extra short: no inflation, dollar is doomed...what happens to gold then? it goes UP high inflation, dollar goes down and therefore people tend to hold money in the form of gold (and btc). Therefore, in times when inflation remains high over a longer period, gold becomes a tool to hedge against inflationary conditions. This pushes gold prices higher in the inflationary period. So Gold up again 🔝 Weird yes? Not really, it's the times we live in, the times are weird more than the prices. An it will be a crazy year. ps. CIP (inflation) data came out exactly as forecasted, no major news on inflation today. I had prognosed that Gold will rise together with dollar just 3 days ago. ask me privately and I will show you ) ps2. Dollar rising and Gold rising...what happens if dollar drops next?? Take a wild guess guys
TVC:DXYLong
by FX_Professor
3
DOLLAR - Back for good or temporary? (INFLATION WILL BE KEY🔑)Well guys we will find out soon, on Wednesday. Last Friday we were all bombarded with headline news for poor jobs (NFP) but we did not neglect to take into account 2 things: a. unemployment rate dropped (good for dollar) - important b Average hourly Earnings rose by 0,8% (vs 0,2% forecast) - VERY IMPORTANT!!! Why was average hourly earnings so important? Well first let's understand what Average Hourly Earnings is: It is the change in the price businesses pay for labor. When the Actual is greater than 'Forecast' is good for currency. It means this - INFLATION! WAGES GROWING = INFLATION Inflation right now IS GREAT NEWS FOR CENTRAL BANKS! Why? Well let's keep it simple: If they owe 70 trillion dollars (for example) and the economy is worth say 10 trillion dollars, they would prefer the economy to be worth 20 trillion dollars because that way the debt becomes a smaller percentage of the wealth. More controlable. So what happens next?? Well, if last Friday we had inflation (headlines were misleading you all on the poor jobs but we didn't get tricked) then on Wednesday we have the BIG inflation numbers coming out: CPI and CORE CPI coming out in 2 days : Change in the price of goods and services purchased by consumers; Usual Effect 'Actual' greater than 'Forecast' is good for currency; Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate; Got is guys? Inflation is KEY 🔑 Want some more? On Wednesday we will also know the Federal Budget Balance (Difference in value between the federal government's income and spending during the previous month). In other words, have fun struggling with these markets conditions until Wednesday. After that, things will be crystal clear.
TVC:DXY
by FX_Professor
9