DXY (Dollar index) Daily TF: Let's see!On the downtrend, there are important monthly and weekly resistances that I expect the price react to them.
Currently there are two scenarios against the price:
1: Continue its downward movement 📉
2: Move to higher levels to collect liquidity 📈
💡Wait for update!
🗓️07/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
Dollar_index
DXY is heading for another downturnCentral banks around the world are rapidly raising interest rates, while at the same time the US fed is showing hints that it will slow down interest rate hikes. This means that USD will be less valuable since there are more and more currencies that offers more than the dollar.
SMOM Agenda 101: The Almighty Dollar has its days numberedThe Sovereign Military Order of Malta, officially the Sovereign Military Hospitaller Order of Saint John of Jerusalem, of Rhodes and of Malta, commonly known as the Order of Malta or Knights of Malta, is a Catholic lay religious order, traditionally of a military, chivalric, and noble nature founded in 1048 and still active today.
The City of London Corporation, officially and legally the Mayor and Commonalty and Citizens of the City of London, is the municipal governing body of the City of London, the historic centre of London and the location of much of the United Kingdom's financial sector.
There is no surviving record of a charter first establishing the Corporation as a legal body, but the City is regarded as incorporated by prescription, meaning that the law presumes it to have been incorporated because it has for so long been regarded as such (e.g. Magna Carta states that "the City of London shall have/enjoy its ancient liberties"). The City of London Corporation has been granted various special privileges since the Norman Conquest, and the Corporation's first recorded royal charter dates from around 1067, when William the Conqueror granted the citizens of London a charter confirming the rights and privileges that they had enjoyed since the time of Edward the Confessor. Numerous subsequent royal charters over the centuries confirmed and extended the citizens' rights.
The Rothschilds are the wonders of modern banking ... we see the descendants of Judah, after a persecution of two thousand years, peering above kings, rising higher than emperors, and holding a whole continent in the hollow of their hands. The Rothschilds govern a Christian world. Not a cabinet moves without their advice. They stretch their hand, with equal ease, from Petersburgh to Vienna, from Vienna to Paris, from Paris to London, from London to Washington. Baron Rothschild, the head of the house, is the true king of Judah, the prince of the captivity, the Messiah so long looked for by this extraordinary people. He holds the keys of peace or war, blessing or cursing. ... They are the brokers and counselors of the kings of Europe and of the republican chiefs of America. What more can they desire?
A bearish look on the dollar indexThe Dollar Index is still under a bearish outlook in the coming week, as it has a downtrend that it may test for the third time in a row, and if it fails to breach it, it may return to the 102-103 levels.
What do you think, does the dollar complete its downward trend? Or will the dollar have another opinion?
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1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
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Dollar index short view 108.50-109.50The first week of November was bearish for the dollar index.
The dollar index could drop to the 108.50-109.50 support zone.
A drop in the dollar below this zone could produce a pullback in the next few months.
If the dollar manages to stay above 108.50-109.50, our target is again 115.00, then 118.00.
DXY Dollar New Week Possible Move#DXY Dollar
Time Frame - H1
- We have " LEADING DIAGONAL " and Rejection from the Lower Trend Line #LTL
Time Frame - H4
- " Falling Wedge " Pattern and Rejection from the Lower Trend Line #LTL
- IMPULSE CORRECTION IMPULSE , completed the corrective waves " ABC " will Follow Impulsive Waves again
Time Frame - Daily
- We have " BULLISH CHANNEL "
- Following Corrective wave Pattern and can Follow some Bearish Moves till the Lower Trend Line #LTL
20 REASSON FOR SHORT DXY 🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: structural Down
Monthly : structure bullish but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲
weekly : a big Imbalance after it prices are going down and down 🥺
so the bigger picture is not clear and in bear favor
1 Structure analysis time frame :DAILY bear
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: BEAR
4.2 entry move : IMPULSE
5 Support resistance base :H4 BEAR ORDER BLOCK
6 FIB: TRIGGER EVENT
7 candle Pattern: DARK CLOUDS
8 Chart Pattern: DOUBLE TOP
9 Volume : EXTREAMLY HIGH
10 Momentum UNCONVENTIONAL Rsi: SUPER BARISH WITH LOUD MOVES
11 Volatility measure Bollinger bands: HEADFAKE BEARISH
12 strength ADX: WICKSAS BEAR
13 Sentiment ROC: BULLISH
14 final comment : SHORT AT RETRACEMENT
15 : decision : SELL
16 Entry: 111.790
17 Stop losel: 112.8
18 Take profit: 107.170
19 Risk to reward Ratio: 1:5
Excepted Duration : 10
Dollar Index Chart Analysis....
In this situation DXY chart Long tarm create bullish rectangle pattern.So, market
first buy correction @ 111:315 and 111:950 resistance level. Then sell to 109.400 support
zone. If breakout 113.080 resistance level, then market Buy UP to 115.250 resistance level.
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.
DXY Dollar Next Possible Move#DXY Dollar
- According to the Long Time Frame #LTF we have BEARISH CHANNEL and Rejected from the Lower Trend Line #LTL
- Buying Divergence in #RSI
- We have IMPULSE CORRECTION IMPULSE - Completed the Correction " ABC " and Again Following IMPULSIVE WAVE
- RISING WEDGE in Short Time Frame #STF
US dollar index (DXY): Rising Treasury yields boost the dollarThe federal funds rate was increased by 75 basis points at the FOMC meeting in November to a range of 3.75 and 4%, as widely expected.
The press conference of Chairman Jerome Powell was more hawkish than imagined. The Fed Chair remarked that there is still work to be done in terms of rate hikes and that the peak of interest rates would be higher than previously thought, probably referring to the median FOMC predictions made in September (4.6%).
The statement also indicated that monetary policy will remain restrictive for some time, and Powell stated that stopping rate hikes is too far away at this point.
In addition, the Chair reaffirmed that the cost of undertightening is higher than that of overtightening. This is due to the fact that the Fed still does not see any meaningful progress on inflation, while the labour market continues to be exceptionally tight.
As a result of Powell's comments, the market has revised its forecast for Fed rate hikes for next year higher, to an expected 5.1%. US 2-year yields spiked to 4.7%, updating fresh highs and reaching July 2007 levels.
Throughout the year, the US dollar DXY index has been increasingly associated with US short-term yields (2-year), with the 90-day rolling correlation coefficient standing at a very high level of 0.91.
US 2-year rates may increase further after the November FOMC meeting to reflect elevated market expectations for the Fed's terminal interest rate. This keeps the dollar on a bullish trend for longer. A rise in 2-year yields up to the 5% mark, would likely imply a rally in the DXY index up to 115 levels.
The speed of the move will hinge on Friday's US non-farm payrolls data and next week's US CPI data. Higher-than-anticipated numbers for the US employment report and inflation will solidify the Fed's hawkish stance and accelerate the dollar's advance.
DXY Chart Analysis....
In this situation DXY chart long term create bullish bat pattern and short term
create Elliotte wave pattern. So, market need to seem buy correction @ 111.300 and 111.460
resistance level. If breakout @ 110.222 support zone, then market sell up to 109.700 support.
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 managed to stay within consolidationThe bearish movement of the United States Dollar Index was extended last week and was poised for a reversal. Supported by the 110.0 level key support region, the Dollar retraced some of its loss but was unable to push higher from the minor resistance at 110.885 region. If price managed to push pass 110.885, we are likely to see the Dollar push towards 111.665 region while if price breakout of the 110.0 support region, we could have a potential reversal (bearish confirmation) of the Dollar.
DXY Dollar Next Possible Move#DXY Dollar
Time Frame - M45
IMPULSE CORRECTION IMPULSE Completed will again Follow IMPULSIVE WAVE ( Bullish )
According to Long Time Frame #LTF - ELLIOT WAVE " 123 " Wave formed will Follow Long to complete " 4 "
In Short Time Frame #STF It has completed ELLIOT TRIPLE COMBO " WXYXZ" Wave will make ELLIOT DOUBLE WAVE " XYZ "
Rejection from the Previous Strong Support Level
Buying Divergence #RSI