20 August : 2 important place for sellimit on dollar index in next days dxy can go upper , we predict dxy will see red arrow then will crash to 92 even 88
Dollar Index Futures DX1!
dollar index mega trendAccording to my previous analysis of bitcoin, I can say that when the bitcoin reaches the ceiling, the strength of the dollar should be the lowest. The date of this event can be December 2021. Up to 88
Do you think this will happen?
USD Strength and its Breakout!The USD is breaking out, or has broken out... with strength.
See the Daily and Weekly indicators, including the candlesticks.
Next resistance is about 92.70
This is much implications across markets, including Crypto.
Heads up.
DXY - 🐂 or 🐻?DXY - Bulls or Bears?
As we head into start of May month, end of month flows - rebalancing is in full action.
Technical wise: bulls are gain control if we can stay above 91.050 area (5OEMA) the bulls are in control of this market and anywhere above 200 EMA we will be heading towards the 1.618 area.
Pattern: Wedge - Perhaps a re-test of wedge coming soon.
Seasonality: Usually a bullish month for DXY
Trade Journal
End of the downtrend
The dollar has reached its lowest level in a recent month, which is why we have seen the growth of all currencies against the dollar, and as you can see, it has formed a downward channel and has accompanied it to the trend line, but in your opinion this The decline will continue and the trend line will be lost ?? Such a thing is unlikely to see a return of the dollar to 93, and this time we will see a decline in currencies against the dollar, and after fully touching the trend line, we will see an upward trend.
DOLLAR - It reminds me of Wolverine... They keep printing it... but it keeps rising
The dollar reminds me of the experiment done on Wolverine, pumped him up with lot's of Adamantium until he became a beast. So here we go we have tons of new dollars but they are heavier than most would understand.
Fed-men Apocalypse, the rise of the mighty X-dollar
How the value of the Dollar and Gold impact marketsThis is a little different than what I usually do. Very straight forward line charts of the IXIC, DJI, and SPY. Showing how the changes in the value of the Dollar over Gold, impact the market. I know this isn’t the only influencing factor, as each market has its own levers, but this simple deviation of the two can weigh heavily on the markets.
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.
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.
USD looks like it is about to explode...The DX1! US Dollar futures weekly chart suggests that it is about to explode upwards.
It is nearing the end of the falling wedge, and MACD just crossed up, with the RPM ready to turn upwards. Oddly enough, the candlestick pattern signals a conflicting stall though... hence, a strong event needs to happen, for a breaking and explosive move... UP
DX1 during Dec'20looking at broad picture, it seems DX1 would be in a down trend during Dec'20 expecting to visit maximum 88.000 level so far.
Hence reversal sould be early 2021 and if there is good pace would make a top by Dec 2023, if market move little bit slow then top can be achived by Dec 2025.
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
🤔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
