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$DXY -Resistances to Watch *D (tf)- Upcoming Resistances to watch for TVC:DXY : -104.707 (Last Lower High + confluencing S/R area) -105.883 (Lower High from 114) (aswell being drawn a Range's Ceiling - The Dollar Index TVC:DXY has experienced lots of tremendous vertical upside during these past two-three weeks. From negative economic news of Chinese CCP report ; to US economy on Sticky Inflation and persistent outlook of Interest Rates being Hiked again, seems as investors, smart money and quite of many retail traders are fleeing in to TVC:DXY given safety. Meanwhile TA speaking, TVC:DXY has been broken Resistance Trendline from 114 High after occuring a FAKE-OUT at the Bottom Support of Range (100.8) level. Price went to close to the Weekly 200EMA, which seems to have provided lots of Support for TVC:DXY by pushing the price higher . TRADE SAFE
TVC:DXY
by Mr_J__fx
$DXY - The Ballads of Dollar (100-105)-The Dollar Index TVC:DXY has experienced lots of tremendous vertical upside during these past two-three weeks. From negative economic news of Chinese CCP report ; to US economy on Sticky Inflation and persistent outlook of Interest Rates being Hiked again, seems as investors, smart money and quite of many retail traders are fleeing in to TVC:DXY given safety. Meanwhile TA speaking, TVC:DXY has been broken Resistance Trendline from 114 High after occuring a FAKE-OUT at the Bottom Support of Range (100.8) level. Price went to close to the Weekly 200EMA, which seems to have provided lots of Support for TVC:DXY by pushing the price higher . (check the next candelstick version idea) Upcoming Resistances to watch for TVC:DXY : -104.707 (Last Lower High + confluencing S/R area) -105.883 (Lower High from 114) (aswell being drawn a Range's Ceiling TRADE SAFE
TVC:DXY
by Mr_J__fx
DXY Rangebound Since Dec Don't Miss the Opportunity to Long It's time to dive into the world of currency markets and explore what's been happening with the DXY (US Dollar Index) since December. Despite the buzz surrounding Jerome Powell's Jackson Hole speech, the DXY has been in a range. However, fear not, as this article aims to illuminate this situation and present a compelling case for why now might be the perfect time to long the dollar. So, let's get started! Understanding the DXY Rangebound Situation: Since December, the DXY has displayed remarkable rangebound behavior, seemingly unaffected by various market events and economic indicators. This range has left many traders wondering about the potential opportunities. Even Jerome Powell's highly anticipated speech at Jackson Hole failed to break the DXY free from its confines. The Call-to-Action: Long the Dollar! While the DXY's rangebound behavior may seem discouraging initially, it's important to remember that within every challenge lies an opportunity. Now is the time to consider going long on the dollar, and here's why: 1. Economic Resilience: The US economy has demonstrated remarkable resilience amidst global uncertainties, thanks to solid consumer spending, robust corporate earnings, and a proactive fiscal stimulus. These factors position the dollar favorably for potential gains shortly. 2. Interest Rate Divergence: The Federal Reserve's commitment to maintaining accommodative monetary policies while other major central banks contemplate tightening provides a unique advantage for the dollar. This divergence in interest rates can attract investors seeking higher yields, further boosting the dollar's strength. 3. Safe-Haven Appeal: In times of uncertainty, the US dollar has historically served as a safe-haven currency. With geopolitical tensions, ongoing trade disputes, and the potential for market volatility, the dollar's safe-haven appeal will likely remain intact, potentially driving its value higher. 4. Technical Indicators: Despite the rangebound behavior, technical indicators suggest that the DXY is nearing essential support levels, indicating a potential upward breakout. This presents an excellent opportunity for traders to capitalize on a likely rally in the dollar. Conclusion: As traders, it's essential to stay optimistic and seize opportunities even in challenging market conditions. While the DXY has remained rangebound since December, it's crucial to recognize the potential for a breakout shortly. Considering the abovementioned factors and analyzing technical indicators, going long on the dollar can be rewarding. So, fellow traders, don't miss the chance to ride the potential dollar rally! Stay informed, closely monitor market developments, and make well-informed trading decisions. Remember, every rangebound situation eventually breaks, and when it does, you'll want to be in a position to benefit.
TVC:DXYLong
by bryandowningqln
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
TVC:DXYShort
by ShahedZare
1
📈DXY daily chart pattern📉TVC:DXY CAPITALCOM:DXY Hello traders, please check my previous ideas about the dollar index. If the price stabilizes above the 3-hour Bollinger Midline, the probability of a bullish scenario and a break of the pressure zone (the area between the two trend lines) increases. Otherwise, if the dollar index fails to maintain the support of the 3-hour middle Bollinger line (around the 102.5 level), the bearish scenario will continue to the 100.9 level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
TVC:DXYShort
by CrazyS
BluetonaFX - DXY US Dollar Strength Ahead of PMI DataHi Traders, The US dollar index is trading with momentum after the 6-week high at 103.572 was broken and is now approaching its 3-month high at 104.714. Looking at the price action on the chart, the market is still inside the ascending price channel, and the highs and lows are still higher, so our bullish outlook on the dollar index continues. We have the manufacturing and services PMI figures for the US coming out in just under a couple of hours, which the market will be keeping an eye on. A strong PMI reading will continue our bullish bias even further, and 104.714 will be the target. 103.572 will now be the support level if there are any pullbacks. Please do not forget to like, comment, and follow as your support greatly helps. Thank you for your support. BluetonaFX
TVC:DXY
by BluetonaFX
4
Exciting Shift in the Forex Market With USD aka DXYBrace yourselves as I bring you an exhilarating update on the current state of the US dollar (DXY) and its encounter with the formidable BRICS nations. You may have seen recent headlines highlighting the growing influence of BRICS (Brazil, Russia, India, China, and South Africa) on the global economic landscape. These emerging economies have been making waves, challenging the traditional dominance of the US dollar and signaling a potential shift in the forex market dynamics. Before you start panicking or getting overwhelmed by the constant stream of news, I urge you to take a step back and focus on what truly matters – the chart. Yes, you heard that right! While news headlines may grab attention, it is crucial to remember that charts are the ultimate source of truth for traders. So, here's my call to action: Ignore the noise, tune out the sensational headlines, and instead, keep your eyes glued to the chart! Charts don't lie; they provide invaluable insights into market trends and potential opportunities. The US dollar, a long-standing powerhouse, has faced its fair share of challenges in recent times. As the BRICS nations continue to strengthen their economies, their currencies are gaining momentum and threatening the long-standing dominance of the US dollar. This exciting development presents a unique opportunity for astute traders like you to capitalize on potential shifts in the forex market. By focusing on the chart, you can identify patterns, spot emerging trends, and make informed trading decisions. Watch the movements of the US dollar and the BRICS currencies closely, as these shifts could open up new avenues for profitable trades. Remember, excitement is the lifeblood of trading, and the evolving dynamics between the US dollar and the BRICS nations offer a thrilling prospect for those willing to seize the moment. So, keep your emotions in check, stay disciplined, and let the chart guide you. In conclusion, my fellow traders, I urge you to embrace this exciting shift in the forex market. Disregard the news, trust the chart, and remain vigilant for potential opportunities that arise from the evolving relationship between the US dollar and the BRICS currencies.
TVC:DXYLong
by bryandowningqln
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
TVC:DXYShort
by ShahedZare
$DXY - Middle Range Warzone (100-105) - TVC:DXY has had a vertical rally from its fake-out breakdown of Range, finding Support at 200EMA and got back to the Middle Zone Range S/R of 103 level. The last idea published when TVC:DXY broke the range to the downside ( TVC:DXY -Headed South 97) played out in the opposite way of forecast expectation. Eerie similar bars pattern move but on North direction, not South. (press play for bars) With TVC:DXY currently closing the week at 103.4 level, looking for short-term weakness next week to correct a bit from the Rally starting from 99.6 to 103. Next Resistances to look out for ; - previous Macro LH @104.7 - Range's Ceiling 105.9 - Strong Resistance level at Macro Fibbonacci taken from 114 High to 100.8 Range Low (0.618 Golden Zone @ 106.1) Clearing these upcoming Resistances, would put TVC:DXY clear bullish territory for the rest of 2023 and 2024. Trouble times ahead for Financial Markets in this case scenario, especially when combined with the Chinese Real-Estate Panic that just started on Friday with Evergrande declaring bankruptcy TRADE SAFE ! *** Note that this is not Financial Advice . Please do your own research and consult your own Financial Advisor before partaking on any Trading Activity based solely on this Idea !
TVC:DXY
by Mr_J__fx
$DXY - Headed South (97) - The Dollar Index TVC:DXY is trading below many resistances (broken big range of 100.8-105 ; trendline resistance from 114 High; 20-50EMA) In the short term TVC:DXY seems to be gravitating towards downside, with a completion of macro correction ABC Waves, with C wave probably ending at 97 macro S/R resistance area. This critical macro S/R is quite likely the next stop for TVC:DXY to find some floor of Support to bounce greatly. With TVC:DXY headed South at 97, other Financial Markets Sectors will perform great in gains, so would Bitcoin and other cryptocurrencies TRADE SAFE ! *** Note that this is not Financial Advice. Please do your own research and consult your own Financial Advisor before partaking on any trading activity based solely on this Idea.
TVC:DXYShort
by Mr_J__fx
4
US Dollar Index (Yearly Chart)- $DXYUS Dollar Index (Yearly Chart)- TVC:DXY The chart reveals a clear historic time pattern of c.6 years of bear price action followed by 10 to 12 years of bullish price action for the Dollar. The Chart o Each bear cycle ends with a double bottom which forms over a 4 to 6 month period. The double bottoms are marked 1 and 2 in blue on the chart. o If we assume the top is in for 2022, each top has taken 10 – 14 years to reach and need to hit or exceed the upper resistance line. o Price can oscillate near or above the upper boundary of the resistance line for a period of 3 years. At present we hit this resistance line in 2022 and thus arguably could remain elevated here for a further 1.5 years. Whilst this is a potential outcome, I do not see it as likely for reasons outlined below. Why I’m Bearish on the dollar: o We are presently in year 14 of positive price action. Based on historic price action this is an over extended bullish time period thus leading me to believe it is near its end or at its end. o Price hit the upper resistance line and was definitively rejected from it in 2022. o The price candle in 2023 is showing a spinning Doji candle which typically means indecision or a turning point (unlike the candle post the “oval area” marked in 2000 which was followed by a large green candle). This could change by the end of the year though and keeping an eye on this would help us confirm if the dollar is into a long term down trend. o If we open 2024 and the 3 year moving average(Blue Line) has started to turn down I think this would be the nail in the coffin that the dollar has at least 3 years of continued downward price action thereafter. o As you can see from the last two bearish periods the DXY declined 52% between 1985 – 1992 and then declined 42% between 2002 – 2008. Based on this reductive pattern I have in an continued the pattern projecting a 32% decline for the 2022 – 2028 period of which we have already declined 10% with a potential 22% to go down to $78.25. Whilst I have included a projection here and in the chart, it is not a prediction. I am just using past price action as a guide and we only have two data windows as reference points so this is more guess than anything. At any stage the chart can either confirm or cancel this perspective. That’s the beauty of charting, we lean on what is more probable based on what the chart has done in the past and what it currently doing, continually challenging and updating our thesis, and letting price (or the market no matter how irrational) be the dictator of our trades. It’s vital to recognise that we can revisit the top resistance line. It is possible, however the 6 month chart and the weekly chart seem to lean more bearish now and thus on a shorter timeframe I believe we will likely head lower. This can all change though as we are still 1.5 years into the 3 year topping window period. Technically, we could have a recession and the DXY could spike and then still head down and form a its 6 year low after. As more time passes everything will become more clear. I will be following up this post with Monthly and Weekly charts so that we can monitor price and time action more closely. I have already completed a basic version of these which I will add in the comments below. PUKA
TVC:DXY
by PukaCharts
BluetonaFX - DYX Focus now on US Dollar with FOMCHi Traders! With the FOMC Minutes Meeting later today, traders will be eagerly awaiting their latest stance on the inflation issues in the US. The dollar index is near its 6-week resistance level of 103.572, and looking at the price action on the chart, it looks bullish; however, there are signs of a possible reversal. The market is currently in an ascending price channel with higher highs and higher lows, and to continue this, the 103.572 resistance level must be broken. If there is a break above 103.572, then we have another resistance level at 104.714, which is the May 2023 high. If 103.572 does not hold, the chart pattern will turn into a double top pattern, which is a reversal, and there is support at 101.921. Further down, there is another support level at 99.578. Please remember to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
TVC:DXY
by BluetonaFX
2
DXY Dollar Index The Dollar Index (DXY) is presently situated at the upper boundary of a trading channel, accompanied by several concurring factors that suggest potential selling opportunities. These include the possibility of encountering resistance near the range of 103.380 to 103.450, aligning with a notable rejection point. Furthermore, there is the presence of the -0.618 bullish Fibonacci target, potential rejection candlestick formations on the hourly chart, contact with the 200-day moving average, interaction with a descending trend line stemming from November 2022, and the impending trading session tomorrow, which adds another layer of convergence to the analysis.
TVC:DXYShort
by ChartStrategist