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Dollarindex

Dollar Index (DXY): Your Trading Plan 💵 After a massive selloff, Dollar Index retraced to a key horizontal resistance. We can see that the market is currently consolidating within the underlined blue area. To short the market with a confirmation, let the price break the support of the range. 4H candle close below 102.37 will confirm the violation. A bearish continuation will be anticipated at least to 102.0 level then. Alternatively, a bullish breakout of the resistance of the range will extend the correctional movement at least to 102.86 ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
1
US Dollar Drops Amidst Fed Rate Pivot and Inflation DeclineIn recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response. The Federal Reserve's decision to lower interest rates indicates their growing concerns about the state of the US economy. While this move aims to stimulate economic growth, it inadvertently weakens the US dollar's position in the global market. As traders, it is crucial to stay informed and adapt our strategies accordingly to protect our portfolios and seize potential opportunities. Given the current scenario, I strongly urge you to consider shorting the US dollar. By taking a short position, you can potentially profit from the dollar's decline against other major currencies. However, it is crucial to exercise caution and conduct thorough research before implementing any trading strategy. Market dynamics can be unpredictable, and it is wise to consult with your financial advisor or analyst to ensure your decisions align with your risk appetite and investment objectives. Here are a few key factors to keep in mind while navigating this situation: 1. Stay updated: Continuously monitor news and economic indicators that impact the US dollar's value, such as Federal Reserve announcements, inflation reports, and global economic trends. This will help you make well-informed trading decisions. 2. Diversify your portfolio: Consider allocating a portion of your portfolio to currencies that are likely to strengthen against the US dollar. Diversification can help mitigate risks and optimize potential returns. 3. Risk management: As with any trading strategy, it is essential to implement appropriate risk management measures. Set stop-loss orders and determine your risk tolerance to protect your capital and minimize potential losses. 4. Seek professional advice: Engage with experienced financial advisors or analysts who can provide expert insights and guidance tailored to your specific needs and goals. Please note that the information provided here is for educational purposes only and should not be considered as financial advice. The decision to short the US dollar should be based on your individual analysis and risk assessment. In conclusion, the recent drop in the US dollar's value, combined with the Federal Reserve's shift towards lower interest rates and declining inflation, demands our utmost attention. By staying informed, diversifying our portfolios, managing risks effectively, and seeking professional advice, we can navigate these uncertain times with confidence. Remember, the key to success in trading lies in adaptability and seizing opportunities when they arise. Let us remain vigilant and proactive in our approach to safeguard our investments and capitalize on potential gains.
TVC:DXYLong
by bryandowningqln
DXY Inverted Head And Shoulders Pattern REJECTEDThe Dollar index has taken a tumble today. Instead of breaking above the neck line of the inverted head and shoulders pattern, the DXY rejected hard off of it, sending the value of the dollar vs other currencies down, in a big way. FOREX pairs are going nuts today, so if you are trading EUR/USD, AUS/USD, or other currency pairs, good for you! The stock market is on an insane rise too. The SPY Index which is the S&P 500, is up nearly 4% so far on the day. Bitcoin and the greater crypto industry took a bit of a tumble as well, but is starting to quickly turn and recover as the dollar continues to plunge. In my humbled opinion, the DXY is one of the most important charts to pay attention to in trading. It can set the balance of the market and the direction that other assets will be running. So make sure you keep it in your watch list and make it one of the first charts you check before you start your trading day. But always be cautious because nothing goes up or down forever, and with a pump like this in so many markets, short term traders could be looking to take some major profits off the table later on. Be safe out there and trade logically!
TVC:DXY
by thelogicaldude
Integrated Analytics 💲 Unveil Dollar TrendsIntegrated Analytics 💲 Unveil Dollar Trends Dear Respected Members, Speculators, and Traders, My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's support. Multiple scenarios may unfold, with DXY rallying to the 104.27 resistance or continuing a bearish trend if the support breaks. News Trading Strategies, aided by AI's Neural Language Processing bots, align with recent reports: Dollar weakens as Fed rate cut view weighs: DXY fell 0.2% to 103.20, anticipating a monthly loss exceeding 3%, attributed to expected Federal Reserve rate cuts. Crack in US dollar strength to spread as economy slows: FX strategists foresee continued dollar weakening amid a slowing US economy, reflecting global concerns (Reuters, Nov 8, 2023). U.S. Dollar Index weakens post 20-year high: A decline of over 8% from its September peak is attributed to factors like a stronger euro and a sluggish US economy (Axios, Dec 9, 2023). These align with sentiment analytics (DSI/DSIE), emphasizing a holistic approach merging AI with news and sentiment tools for enhanced insights. Disclaimer: Not investment advice; analytics for entertainment. Keep speculation separate from investments. Best regards, Ely
TVC:DXYShort
by Elysian_Mind
Head and Shoulders Pattern Forming on the DXY Dollar IndexWhen the dollar is running, most other assets are dropping. This has been my experience in the markets and is why the DXY is on my watchlist and is ALWAYS one of the first charts that I check before jumping into the markets. When the DXY is high, that means that people are demanding dollars, and when it's dropping, those dollars are flowing into other assets. Learning to watch the DXY and it's movements will give you some good edge in the markets. Not everything will be effected. There are always other market conditions to watch for, news, etc that can move the markets as well, but keeping your eye on what the USD is doing is certainly something you want to add to your trading routine. So the Head and Shoulders pattern is a strong reversal pattern in the markets. Nothing is ever 100% and the pattern could fail, so you always have to be ready for that. The regular Head and Shoulders is a bearish reversal pattern meaning we have found the local top in that market at that time. An Inverted Head and Shoulders pattern is the opposite. It usually shows at a market bottom and indicates the possibility of bullish movement. What we see here is that the DXY is knocking on the door of a breakout of this pattern and if it keeps going up, well, you will want your trading account to be in the dollar, or looking for shorting opportunities in other assets like crypto and FOREX pairs, that is if you are trading futures or options. If you are trading spot, this is the time to be in the dollar and waiting for your chosen asset to hit a fire sale clearance price, then go in an scoop up what you can with what you have! Of course none of this is financial advice, just some things I have learned along my journey in this crazy world of trading that has helped me make some successful trades. As always make sure you have a solid risk management plan before diving into the deep end! Doing this will help you gain some edge in the markets and trade logically!
TVC:DXY
by thelogicaldude
Best-Case Scenario for Bitcoin Bull RunWhat's shown in the chart here represents what I think may be a best-case scenario for Bitcoin and the crypto market as we move into 2024-25. I have a long-running theory that TVC:DXY will eventually turn back up and move above its Sept '22 highs (112-114), and when it does, we'll enter one of the longest bear markets many of us have seen in our lifetime. I first posted about this back in January this year, here: As the US Dollar is the world reserve currency, what the Dollar Index does affects everything else. DXY on the macro tends to represent a near mirror image, or a macro negative correlation, with Bitcoin, Crypto, and Stock markets (as well as other markets). On lower timeframes they do diverge and positively correlate at times, even on higher timeframes occasionally. But, on the macro, they almost always eventually do the opposite. So, what is going on in the best-case scenario, for Bitcoin, as shown above, and what could be some other scenarios that may occur? Best-Case for Bitcoin In the best-case, we see DXY continue down to monthly support, as Bitcoin moves back up towards its ATHs. As DXY tests weekly and then monthly support, Bitcoin pushes on and eventually breaks its ATH; making a new ATH. It could even reach or breach 100k, briefly. Once DXY begins to move back up and gets above its October highs (~106), Bitcoin moves back below 62k and then moves to test that level again. Bitcoin begins its longest bear market as the Dollar index moves above 112-114 and starts making new highs, potentially heading towards 1980s ATH. Poorer Outlooks The sooner that DXY moves up above its October highs (~106) and gets above Sept '22 highs (112-114), the sooner this recovery or bull run will end: - Very Soon : Recoveries get cut short, Bitcoin moves down shy of reaching its ATHs - Somewhat Soon : Double-tops similar to above, but with lower highs and a sooner downturn Should DXY lose monthly support and head well below 100, this idea may be invalidated or bull runs could be extended for longer and higher highs possible. Please let me know what you think, I'm still learning and growing as an analyst and would love to get some feedback from veterans. Thanks again for reading, and best of luck with your charting and trading!
INDEX:BTCUSD
by dudebruhwhoa
1
Gold struggles to gather momentum following rebound to $2,040Gold advanced to the $2,040 area in the second half of the day on Thursday but lost its momentum. Despite the renewed USD weakness, rising US yields limit XAU/USD's upside as market focus shifts to Friday's November jobs report. Gold price (XAU/USD) attracts some buying for the second straight day on Thursday, albeit lacks follow-through and remains confined in a familiar range held over the past three days through the first half of the European session. The fundamental backdrop, meanwhile, seems tilted firmly in favour of bullish traders amid growing acceptance that the Federal Reserve (Fed) is done with its policy tightening campaign and will start cutting rates as early as March 2024. Furthermore, the recent dovish rhetoric from European Central Bank (ECB) officials, along with the Reserve Bank of Australia’s (RBA) and the Bank of Canada's (BoC) decision to hold rates steady, lifted hopes that interest rates have peaked globally. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal. Meanwhile, a strong pickup in demand for the Japanese Yen (JPY) demand, bolstered by expectations for a hawkish pivot by the Bank of Japan (BoJ), prompts some profit-taking around the US Dollar (USD). In fact, the USD Index, which tracks the Greenback against a basket of currencies, corrects sharply from a two-week high touched on Wednesday and turns out to be another factor lending support to the US Dollar-denominated commodity. Apart from this, the prevalent cautious market modo turns out to be another factor contributing to the modest intraday uptick. Bulls, however, seem reluctant and prefer to wait for the release of the US monthly jobs data on Friday.
OANDA:XAUUSDLong
by dc_analytics
SPX and NDX may be getting into Golden Arches TerritoryDouble Top possibility here, expect it to be much more likely to occur if the US Dollar Index TVC:DXY moves back above the red box shown below: This has been a long-time theory - if DXY moves above the 112-114 highs from a while back, we'll see double tops across many markets, crypto and stocks. Stocks may be the first to drop as they're already approaching their recent ATHs. Should DXY move back down below 98-101, we may instead see new ATHs across markets and a sort of mega-boom before DXY eventually heads back up and leads to market crashes
SP:SPXShort
by dudebruhwhoa
DXY Index is Ready to Break the 🔴Resistance zones🔴✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month . 💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
18
🗺️DXY Index Roadmap🗺️⏰(4-hour time frame)⏰🏃‍♂️The DXY index has been moving in a Descending channel for a month . 🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 💡I expect the DXY index to move towards the upper line of the descending channel and in the first step, we have to wait for the middle line of the descending channel to be broken ( the middle line has already played the role of support and resistance ). U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
13
DXY A lot of bullish indicators are taking place.The U.S. Dollar Index / DXY crossed today over the Falling Resistance of November's downtrend at the same time the 1day RSI broke above its own Falling Resistance. This is a bullish signal at least on the short term, but the Bullish Cross on the 1day MACD certainly is one for the longer term. The long term pattern is a Channel Up but the short term is limited to the 1day MA50, which is where the July's rebound made a first stop. Buy this break out and target 104.950 which is the top of the Supply Zone consisting of the 0.382 - 0.5 Fibonacci range. Previous chart: Follow us, like the idea and leave a comment below!!
TVC:DXYLong
by TheCryptagon