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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
DXY Supercycle analysis. Are YOU hedging vs.declining dollar? Dollar rebounded off 89.56ish and rallied hard today. If it breaks below 89 we will see a plummet to the mid to low 88, I believe. I think 2018 is a good benchmark for current DXY behavior, and what to look for in the oncoming weeks. But what's concerning, in regards to the dollar's current trend, is the length/duration of 2018 decline is shorter than current downtrend, before price recovered. As you can see in the DXY chart provided, length/duration of current dollar downtrend has superseded 2018's by 30 days...And counting. If you haven't adjusted your portfolio with an inflation hedge by now, here's some compelling evidence that you may want to. Good luck m8s and may the odds forever be in your favor. P.S. First post, so constructive criticism is welcome. Please and thank you.
TVC:DXYShort
by differenthax
DXY begins its next dump to lower lows.DXY ~93.50 has been broken on the downside. The two key remaining support levels to watch are 92.75 and 92.50. If these are both taken out, then lower lows below 91.75 are highly probable. If they hold, higher highs above 94.80 are still ahead. This is important for precious metals and miners, as they have been highly correlated on an inverse basis to this point. If the DXY falls, metals rise, and vice-versa. Ideally, we are setting up for a negatively divergent higher high before DXY begins its next dump to lower lows.
TVC:DXYShort
by RetnaNicharee
Deflationary assets go up, inflationary assets go down. Its not rocket science, its pure math. History doesnt repeat exactly in the same way, except with fiat, with fiat always ends in the same way, doesnt matter how powerful the empire is. You can't print +25% of shares in a year and expect the value going up in an asset with +100 years of history. When US dollars were based in a scarce asset like gold the math worked, but after 1971, MBS, CDOs, and other financial products, the value was condemned. The only way to save the dollar is to peg it again to a new real asset based in deflationary supply, fixed distribution and assured scarcity. It doesnt matter if you like it or not, the best solution is peg the dollar to Bitcoin.
TVC:DXYShort
by cgowy
DXY - Our updated BIG CHARTThe most important asset, the world's exchange currency, the United States dollar. Our previous chart and calculated support has been working perfectly It is now highly probable that in the next few days we can experience the dolalr rising against other major currencies. Especially against eur, jpy and gbp Our small chart will follow to make things clearer for you all ps. Major support levels mean major opportunity for getting on a new trend early. The next few days can start being great trading opportunities, stick around.
TVC:DXYLong
by FX_Professor
2