Dollar_index
Dollar indexDollar index: As you know DXY determines pairs related to USD (which means all markets). 2 days ago, I had an analysis regarding dollar index. I don't know I published it or not (I guess not). But so far it exactly followed my analysis. I expected a high in dollar index (external liquidity sweep) and then a huge low to sweep internal liquidity which happened today. There is a nice order block (demand zone) which I have marked. I expect a reaction from this zone. if it breaks this zone I have marked another zone below this zone which I expect a reaction too. As you know, positive reaction in dollar index means negatvve reaction on EURUSD. So for the next move, I expect a positive reaction to the order block in dollar index, and negative reaction to the order block in EURUSD which will be my next analysis.
DXY Daily analysisThe DXY is involved in the resistance of 103.420, and if this resistance is broken, it can have a short-term uptrend up to the range of 105.3.
If the resistance of 103.420 is not broken, the DXY can be support in the range of 102.7 and retest the resistance.
Considering the bullish guard of the dollar index, we can expect more price reductions in risky assets.
Arguments of a week's size. Hi!
We have some important signs for the dollar index that don't bode well for the crypto market!
This is the 1 WEEK CHART.
This is a high degree of reliability.
In fact, what we saw on last week's hourly chart has already developed into a persistent reversal.
1: Ishimoku. The green Kumo cloud has halted Bitcoin's fall. In fact its lower boundary Senkou B has not been tested. Kijun-sen also does not show resistance to the candlestick, and usually turns out to be the next support later...
2. EMA100 area is a support in the weekly chart. This is a very good signal for the continuation of USD strengthening trend!
3. The volatility has stopped falling and the first red shortening bar appeared. I'm sure in a few weeks there will also be the first black cross signifying a squeeze before an upside shot.
4. Stochastic has reversed and is flying up.
5. This is a Heikin Ashi chart and it is more sensitive to a trend reversal than normal Japanese candlesticks. You can see how we started this week.
Conclusion.
Remember, Bitcoin is still private money (even if influential funds buy it for investment purposes). Bitcoin has no monetary authority, it plays on the open market against fiat currencies (primarily the dollar), which are managed by powerful financial institutions.
This new weekly green candle is the result of a +0.25% increase in the Fed's key rate. Dollar borrowing has become expensive. Why should there be free liquidity available in the market to inject into high risk assets? Or do you believe that private hands around the world will outbid the Fed?
No, I do not believe that this weak sideways move of Bitcoin in November-December was a consolidation.
Now the curses will come )))
P.S. If I'm wrong, that's my problem.
You can watch this chart and decide your’s opinion.
I don't want to change your mind at all.
I am only pointing out my thoughts.
But I would like people to think better.
DOLLAR INDEX in short correction . DXY💲Hello my friend, Everything is marked on the chart like always. The downward seems to continue to the next support level. We can consider it and entering safe in the Gold , Euro , Pound and etc.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
DXY: It won't happen, but if it does... 😱More than 97% of analysts say the FOMC won't raise interest rates tomorrow, but what will happen to Dollar Index, FX:EURUSD , TVC:GOLD and FRED:SP500 if Powell decides to hike interest rates by 25bp instead?
Most likely, tomorrow's announcement will be our driver at least for the whole summer, because this event will have a strong impact on the market. So we just have to wait 24 hours, and we will have the verdict!
...And you? what do you think?
DXY - Ready to skyrocket buying!This is DOLLAR INDEX (DXY) MONTHLY ANAYLSIS..
DXY Imminent Skyrocket
Price is buying from Panic Zone (0 -382%) INSIDE MONTHLY DEMAND ZONE (PREVIOUSLY SUPPLY ZONE)
We expect price BREAK 0% AREA (WEEKLY SUPPLY ZONE) and continue buying to TP1 A AND TP 2 B AREAS.
TRIGGER: WAIT PRICE BREAK 0% AREA (104.620)
When it's triggered, I suggest to open BUY POSITIONS on USD parallel pairs (USD/JPY, USD/CAD, USD/CHF)
and SELL POSITIONS on opposite (EUR/USD, GBP/USD, BTC/USD)
BULLISH INTERNAL CYCLE - WEEKLY ANALYSIS.
- TP 1 - AREA A: 50 - 61.8 % (109.719 - 110.923)
- TP 2 - AREA B: 100 % (114.819)
- FINAL DESTINATION: MONTHLY SUPPLY ZONE (RED AREA ABOVE)
Dollar Index ($DXY): Technical Analysis$DollarIndex could trigger a 3 or 5 wave swing on daily chart, and if this happens, the first Target should be around 106/107 area. That said, the trend remains bullish and the index should be bought on any correction. The technical structure on intraday chart is also very interesting, and it might be useful to develop it in our updates below as well.
FUNDAMENTAL ANALYSIS
(Click & Play on Chart below)
Trade with care!
🚀 Like if my analysis is useful.
Cheers!
DXYIt's not financial advice.
It's just my prediction about the future of the DXY index
Just see and Think about it.
I think it's so interesting analysis to imagine the future of DXY.
So Let's go
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In the first level let me tell you more about the relationship between DXY and the cryptocurrency market.
It is a known fact that the crypto price movements are deeply correlated with the DXY Index since its inception. While the DXY index gets stranger, Bitcoin, Ethereum, and many other assets tend to fall. Besides, if the cryptos manifest their strength, then the dollar’s strength tends to fall
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Hello Guys.
How are you doing? I hope you feel great and always be happy and successful.
Today, I want to show you something strange that will happen in the market.
as you see in this chart, we are in Parallel Channel and whenever the index touches the top of the channel, we expect to react. it's the third time I expect the DXY index to go up from here.
But it takes time. maybe more than 4 Months.
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by the way, I should say that at the first level, we should go up to the 106 Level and stay there.
after that, we will expect to go up level by level.
the next levels are: 110-117-125 and maybe 132
who knows !!! maybe 132 is closer to us than we think.
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Please be patient and think about that.
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Please SHARE this analysis with your friends and also, FOLLOW me.
It can help you to be the first one that sees the analysis after publishing.
wish you health and wealth
Sincerely Yours
Dollar Index Chart Analysis....
In this situation, DXY chart creates Elliott wave pattern. So,if 103.600
resistance level need to sell confirmation then DXY will fall 102.700 &
102.200 support level. If the breakout is 103.800 level then case is invalid.
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.
DOLLAR INDEX Upward continuation . DXY💲Hello my friend, Everything is marked on the chart like always. The uptrend seems to continue to the next resistance level. We can consider it and entering safe in the Gold , Euro , Pound and etc.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. be nazar miresad ke ravande so'oodi ta sathe moghavemat badi edame darad. mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim.
moafagh bashid.
like va follow faramoosh nashe :)
DOLLAR INDEX Wait to breakout the zone. DXY💲Hello my friend, Everything is marked on the chart like always. It's likely that the resistance will be broken but it's better to wait until it is broken and fixation above that. We can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 102.7-103.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. be ehtemaale ziyad moghavemat shekaste mishavad vali behtare ke sabr konim ke shekaste shavad va balaye an tasbit dahad. mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim. noghte kelidi 103 hastesh.
moafagh bashid.
like va follow faramoosh nashe :)
DXY 16May2023In my opinion, the dollar index this week will tend to be bullish, where the price looks to breakout from the previous swing high, even though there is a possibility of a correction, as long as this correction does not fall further than the invalid line, then the bullish trend is still a priority analysis