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Dxyanalysis

DXY: Event influence!Hello traders, I have some USD related information to share with you ♥ US Dollar's position as the primary global reserve currency is being challenged The US Dollar's share of the global market has decreased from 71 percent to 59 percent over the last two decades and could shrink even further in the future. The primary victim in this scenario is the United States, as currency usage in global trade is a zero-sum game. Each time a Yuan, real, or Rupee is exchanged on the global market, a Dollar is not. If credible alternatives gain steam, the dominance of America in the global market will be compromised.
TVC:DXYShort
by Sphyn-Trader
2
DXY may have reversed!!Currency Pair : DXY Possible direction : Bullish Technical Analysis : Price just has opened with gap and slowly turning into a bullish market after forming a middle man in the previous session. From monthly price has just bounced from the monthly support zone. Fundamental : Positive ADP Non-Farm Employment change data has given a strong boost on USD Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:DXYLong
by ForexWizard01
DXYDXY Breakdown for the week of 4/16 w/ @MiFranz So as we see on the Weekly chart, We are at a VERY important Support. Click the link and zoom out and you will see the bullish flag. Also, its the re-test of the falling wedge (more to come on the daily for that). This is re-test #2 and a possible Higher Low. Also, look below at the RSI. We are either at a divergence opportunity with a double bottom or it will continue to go to the 20-25 OS (Oversold) zone. If we are looking at a double bottom and we go bullish, its a long way up to a new high. Now we look at the daily. The falling wedge is present w/ re-test AND we are at a double bottom, looks possibly Bullish. Plus the last candle to close is bullish engulfing. Now we are getting into the execution realm on the 4h and below. I have marked of in a red zone, a FVG (Fair Value gap). Friday's push caused a nice reason to pullback. I expect a bearish opening now so we will see any major bull moves probably starting Tuesday (based on Technicals)We also see the RSI rejected off the 20-25 OS zone which is an interesting sign. It was so strong, it could either go touch 70-75 and continue bearish or pullback for a HL and then go touch OB (Overbought). Off the 1h, we are now looking for entry. I would look for a very small gap up, and then the drop to go to the FVG.We see the 1h is very OB in the RSI and it needs a LH on it with the drop afterward. Im looking for bearish moves until otherwise. We can clearly see now on the 15m, the small bull move up (Opening gap), and then the drop coming afterwards (path tool)
TVC:DXY
by IndependentTradingUniversity
DXY - Tool to assess Risk on/ Risk off scenariosHi guys. Welcome to my TA analysis on the dollar index. ALot of talk has been going on about whether or not we are in a bull market for bitcoin and if equities will rally further or not. In order to assess or determine if its likely that we are, the dollar is used by many analysts to gauge at what the sentiment is, whether "RISK ON" or "RISK OFF". As such i also have come to analyze and use DXY as such a tool. RISK ON = When dollar is decreasing in price, other assets tend to go up. ( Hence we hear people mention "oh, the dollar is inversely related to stocks, crypto) RISK OFF = sentiment is scared to invest and people flock to the safety of cash/dollar, Increasing the value of the dollar and prices of other assets decrease in price With that lets look into what i see in the charts for DXY. This analysis is done on the 2 day timeframe. I've zoomed out to include about 17 years of data. So PRICE ACTION As you can see its interacting with the Red line that is drawn on chart. This is the 200 Day Moving Average. If you look left at all the examples i put up, everytime price action goes down we are below this line for atleast 100 days to as long as couple of years. WE also decline between 2% to as much as 20%. The 2 recent times, we were under it for 380 days and 488 days with price dropping further down. Ofcourse our current price action doesnt have to do this but because it occured previously it is not out of the question. At the least expect sideways action, which is also not a bad thing for RISK ON mentality. BUT as of now we have CONFIRMED below the 200 dma on the 2 day timeframe. I expect the dollar to drop more in the intermediate to longer term of atleast 3 months to a 1 year even. The longer the dollar stays below, the stronger RISK ON mentality gets. This would validate the recent Crypto uptrend and may push equities, housing and others up too. To further support my thesis, check out the 2 indicators i put up 1. RSI - I believe we have further sell off on the RSI and im expecting it to do below the 20 level, as it did in the examples i circled with white. Also notice the white horizontal resistance line i drew. As long as we stay below here, it validates my thesis of dollar staying down. Im expecting atleast 1 touch point near or below the 20 level. RSI is a close indicator of price action, when it points down, price usually follows and vice versa. 2. ADX and DI - Ths tracks momentum. As highlighted red line is crossing up, indicating bearish momentum to pick up. When price action is below the 200 dma and a bearish cross occurs we usually go down in price. CONCLUSION: With everything mentioned, in my opinion i believe DXY to go down further in price, it staying in a downtrend for atleast 3 months to 1 year. Supporting the idea that maybe we are in the beginning stages of a crypto bull market and we may see equities rally more. Thanks for tuning in. Hope this helped. If you like the content, please BOOST, COMMENT and FOLLOW. Check out my other charts on DXY. If you liked what you read, i also do potential buy/sell analysis on stock/ cryptos. DISCLAIMER: This is not financial advice. I am not a financial advisor. Everything expressed in my posts are my opinion and for educational purposes. When trading please do manage your risk and protect yourselves with stop losses.
TVC:DXYShort
by SafofAllTrades
USDX(Dollar) Must Continue To Extend LowerTechnical Analysis: - As you can see the above daily chart, USDX is still doing a ABC correction in blue - We present two possible paths - Black and Blue ( With actual data each path has 50% probability ) - The decision of both paths (Black and Blue) will be taken when USDX will arrive to the orange circle area - Short term structure is bearish - H1 Right Side is down - H4 Right Side is turning down Technical Information: - Don't buy USDX (Dollar) now in short term - We like to buy when wave C in blue and wave 4 in black are completed
ICEUS:DXYShort
by Market-Right-Side
DXY on the way to destroy Resistance lines⚔️!!!The DXY index has managed to break resistance line 1. It is expected that wave 3 can break the resistance line 2, and finally the impulse wave 5 will end near the 🔴resistance zone($103.6-$103.3)🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1h-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 be glad to 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
8