Trading Range on US Dollar Index® FuturesWe are in Trading Range on the US Dollar Index® Futures.
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Dx1
dxy 12-17 updatemorning, quick little updated count on dxy.
we're at a make or break point in the markets right now, and a decision has to be made within the next few days.
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✅if dxy succesfully rejects this 10 year trendline, then we will see some big moves to the upside in our markets for a few months to come.
🛑if it breaks above the trendline, well then it's gg for the markets.
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i originally was targeting $98 way back in March, but i doubt it's going to get there as of today.
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let's get it.
10 year old trendline on dxy.i have a bullish alternative on btc , but it can only play out if dxy rejects this massive level.
dxy is also sitting at the 0.50% retracement here, which is a very nice corrective target.
rejecting this current algo target would allow the us dollar to gravitate towards $85.9 over time.
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might short the us dollar, because why not.
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dxy updatetalked about this dxy move last february, took a little long to play out, but it was expected.
if dxy did indeed start an impulsive move here, this is very bad news for our markets.
the higher it goes, the more pain we will experience in the stock\crypto world.
there's also a possibility that it's currently in an a-b-c, about to complete wave C.
if that's the case, we should reverse to the downside in the coming days,
otherwise, we playing out a bullish fractal for the many years to come.
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check out the previous posts, to see where i'm coming from
See Confusion of the Dollar IndexThe dollar index is now in the vital and resistance area
We expect that if it breaks the area of 93,550, it can rise to the next resistance of 94,200.
Otherwise, it will face a decrease in demand and an increase in supply to the trendline (descending)
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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.