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.
Dollar_index
🔰 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
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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.
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🔰 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
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.
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.
DXY daily - normal scaleAs you can see, the price is stuck in a corner, and The price is supported by a rectangular supporting area.
A confirmed positive divergence is seen in the oversold rsi oscillator.
Resistance number 50 is broken in rsi
and we have golden cross in tenkan sen and kijun sen below the cloud
be wise!
DXY still Bullish but will reverse this weekDXY still Bullish but will reverse this week between 91.2 and 91.78.
We mus excpect more 1 or 2 days bullish, after will reverse.
Dollar Index Looking good Monthly Chart of Dollar Index is looking good at current levels.
Trendline Support
Price action based strong support
DOLLAR INDEX - LONG - Channel breakout with bullish divergence Dollar Index - Daily chart - Bullish breakout setup looking to enter don hourly pulbacks.. Selling other majors on pullbacks for 200-300 pips target.
DXY - Our updated Small ChartOur updated small chart with possible scenarios, according to my analysis.
DXY- Volatility Inbound ⚠️🛎️Clearly on a descending formation now, 3 levels of support on our updated chart and MOST IMPORTANTLY: Jerome Powel will talk in a few minutes.
Get ready, expect volatility, trade!
Prognostics: I am 61% Bearish on the dollar at this very moment
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!
🤔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
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.
🔰 DXY - Dollar Index Daily Outlook 🔰✅ We will utilize the dollar's strength or weakness with other major currency pairs and will scalp them
