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Dxyanalysis

DXY - Dollar under pressureWith the anticipation of the inflation data that will be released on Thursday, the dollar is still under many selling pressures, but now it has reached pivotal areas, breaking it may lead it to lower levels, but if the data comes in its favour, it may regain its strength again. Now the price is near a daily bullish trend and near buying areas (demand), as well as it is on the edge of the lowest descending channel on the 4 hour frame. Everything will be revealed on Thursday, so please be careful in your trading until Thursday. 🔥💥 Like, Shared and subscription 💥🔥 Note: If you are a beginner trader, you should be aware of these rules: 1: Do not covet 2: Don't trade too much 3: Secure your positions after entering the profit 4: Enter contracts that fit your portfolio 5: Adhere to all recommendations
TVC:DXY
by zaidhatem
DXY Daily TA Neutral BearishDXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 42% DXY, 58% CASH. * MINOR SUPPORT WATCH . US Midterm elections are underway and the polls are getting ready to close soon, Republicans are expected to control both the House and Senate when the results come in. DXY, US Long-Term Treasuries, CNYUSD, Metals, Agriculture and Cryptos are all down. While Equities, Equity Futures, JPYUSD, GBPUSD, EURUSD, VIX and Energy all finished higher on the day. In a calamitous day that sent shockwaves through the entire Crypto industry, FTX experienced a liquidity crunch due to investors fleeing their exchange token FTT en masse after reports surfaced on 11/06 of Alameda Research (partner crypto trading firm) possibly not being as solvent as people thought. This inspired Binance to one-up their initial investment in FTX (that they exited last year) by acquiring all of FTX (excluding FTX.US) in a strategic transaction to provide liquidity to the struggling exchange . FTX CEO and Co-Founder Sam Bankman Fried was ranked the 95th wealthiest person in the world just yesterday with a $15.6b estimated net worth; now, after the biggest one-day collapse (94%) ever among billionaires tracked by Bloomberg, his net worth is estimated to be $1b. This event sent almost all Cryptos down 20%+ as investors feared what kind of ripple effects such a big player (FTX) going down in the industry would have on the broader market. Equities and Cryptos showed another case of decoupling with Equities finishing higher for a fourth consecutive session on the expected Red Sweep in Congress, the CPI print on Thursday will be telling in how far this rally in Equities has to go. Today, Xi Jinping inspected the joint operations command center of the Central Military Commission as part of an effort to enhance combat preparedness, he was even quoted as saying that "the entire military should devote all its energy to, and carry out all its work for, combat readiness" to "enhance its capability to fight and win and effectively fulfill its missions and tasks in the new era". It's become quite clear that China will likely invade Taiwan later this year or in 2023 with Taiwan continuing to make independent decisions like investing $10m in chip production in Lithuania as well as "colluding with external forces" (meeting with world leaders that recognize Taiwan as a sovereign state). The US has information regarding North Korea supplying Russia with weapons , North Korea is one of the few countries in the world to openly recognize Russia's proclaimed territories in Ukraine. Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . * Price is currently testing $110 minor support for the third consecutive session and risks losing support of the 50MA if it breaks below $110. Parabolic SAR flips bullish at $113.05, this margin is mildly bullish at the moment. RSI is currently trending sideways at 41 and is technically retesting 39.43 support for the second consecutive session. Stochastic is currently bearish and is beginning to form a trough at 15, the next support is at 9. MACD remains bearish and is currently trending down at -0.30 as it approaches a test of -0.38 support for the first time since April 2021. ADX has been forming a soft trough at 14 for three consecutive sessions as Price struggles to find buying momentum, this is neutral at the moment but if ADX starts to go up as Price goes down this would be mildly bearish. If Price is able to bounce here and defend $110 support then it will likely retest the 50MA as resistance at ~$111.25 . However, if Price continues to breakdown here, it will lose $110 support and likely retest $108 support . Mental Stop Loss: (two consecutive closes above) $110.03.
TVC:DXY
by dailytaguy
US-DOLLAR falls with rising YIelds? NonSense!Hey tradomaniacs, we currently see weird correlations as YIELDS are going up (especially shorter-term-yields which are likely to move up faster when facing a recession) while the US-Dollar falls. As you might know, this makes less sense and we should soon see who one of those is lying. The mixed NFP-Result which was actually bearish for stocks (not in detail due to poor jobs) is causing a little bit of confusion. Technically we could see a bounce in USD... or a breakout soon? Will YIELDS go down and stocks pump? Since market bets against FED its getting tricky again! We might see again correlations with sense and more moves after CPis on thursday. What do you think?
TVC:DXY
by Trading2ez
1
DXY: A MOVE WE ALL WISH FOR.Hello guys, here's an update on DXY in 2 days timeframe. The US dollar index is currently holding long-term support ever since early 2022. In this span of 10 months, we have seen the DXY bounce back making a higher high. This allowed DXY to form a nice rising wedge pattern and now once again we come to the point where DXY will either bounce back or break down. I wish DXY could play out according to the chart because this will mean a good green rally incoming in the crypto market. A bounce, on the other hand, will show some more bearish moves and will lead the market to drop further low. I am anxiously waiting for a breakdown. Will it happen now or after one last bounce? To know the answer, we will have to wait for the next weekly candle to close. I hope this update is helpful for you all. Trade safely.
TVC:DXYShort
by Dexter_The_Trader
5
20 REASSON FOR SHORT DXY 🤑TOP DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: structural Down Monthly : structure bullish but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲 weekly : a big Imbalance after it prices are going down and down 🥺 so the bigger picture is not clear and in bear favor 1 Structure analysis time frame :DAILY bear 2 target time frame :DAILY 3 Current Move :IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BEAR 4.2 entry move : IMPULSE 5 Support resistance base :H4 BEAR ORDER BLOCK 6 FIB: TRIGGER EVENT 7 candle Pattern: DARK CLOUDS 8 Chart Pattern: DOUBLE TOP 9 Volume : EXTREAMLY HIGH 10 Momentum UNCONVENTIONAL Rsi: SUPER BARISH WITH LOUD MOVES 11 Volatility measure Bollinger bands: HEADFAKE BEARISH 12 strength ADX: WICKSAS BEAR 13 Sentiment ROC: BULLISH 14 final comment : SHORT AT RETRACEMENT 15 : decision : SELL 16 Entry: 111.790 17 Stop losel: 112.8 18 Take profit: 107.170 19 Risk to reward Ratio: 1:5 Excepted Duration : 10
ICEUS:DX1!Short
by Optimum369
1
DXY Daily TA Neutral BearishDXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% DXY, 60% Cash. * The US October Employment Situation today reported 261k nonfarm payroll jobs added (vs 250k expected), a 0.2% increase in unemployment and a 62.2% labor force participation rate. These numbers hardly reflect monetary tightening (labor force participation rate has remained largely unchanged since Covid-19 lockdowns) nor a recessionary environment. If CPI comes in lower on the 10th it will likely help soften the Fed's stance on inflation but as it stands now, the Federal Reserve is likely to increase the funds rate by another 75bps in December. If CPI comes in higher on the 10th, 100bps would likely be on the table come December 14th. The Russia/Ukraine grain deal that Putin resumed this past Wednesday will expire on 11/19/22 and there have been no commitments to extension thus far. Chinese stocks are in rally mode as rumors regarding a reopening from Covid restrictions are beginning to circulate. Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently trending down at $110.78 and is still technically testing the 50MA at $111.15 as support. Parabolic SAR flips bearish at ~$109.61, this margin is bearish at the moment. RSI is currently trending down at 45.84 with no signs of trough formation and is on the brink of losing both 49.10 support and the uptrend line from July 2020 as support; the next support is at 39.43. Stochastic is currently on the verge of crossing over bearish as it tests 68.24 resistance. MACD remains bearish after a failed bullish crossover and is currently trending down at 0.035 as it approaches a potential retest of -0.065 support. ADX is currently trending down slightly at 13.70 as Price continues to try to push higher, this is mildly bearish at the moment. If Price is able to bounce off of the 50MA as support then it will likely retest the local-high of ~114 as resistance . However, if Price continues to break down here, it will likely retest $110 minor support . Mental Stop Loss: (two consecutive closes above) $111.20.
TVC:DXY
by dailytaguy
DXY very bullish ! growth can continue up to 120The Fed had on Wednesday had hiked the upper target for fed funds to 4.0%, its highest since the Great Financial Crisis, while Chair Jerome Powell had said that interest rates will have to go higher than previously thought, even if the size of individual hikes from now on is likely to be smaller than the 75 basis points seen at the last four meetings. If we can break through the previous high, the growth will continue very strongly.
TVC:DXYLong
by YertuntsTrader
13
DXY Parabolic Curve Pattern RetestThe parabolic curve pattern DXY has been forming for over 16 months was broken on October 21st. DXY bounced at the 109.53 level and now appears to be retesting the curve. I see the following support levels if DXY is rejected at the curve. 1) At the previous bounce level (109.53) 2) Near the 105 level. 3) Near the 101 level. Thoughts: 1) The hawkish FED continues to fuel the dollar. 2) Next weeks CPI numbers will be very important. If there isn't a significant drop, that will strengthen the FED's resolve to remain hawkish. 3) A strong labor market also emboldens the FED's hawkish stance. Until there is a significant sign of labor market weakness, the FED will remain hawkish. 4) With every FED meeting and rate hike, the likelihood of the FED overshooting increases. 5) Everything here is just my opinion and may be flawed.
TVC:DXY
by Bigsky_Crypto
US dollar index (DXY): Rising Treasury yields boost the dollarThe federal funds rate was increased by 75 basis points at the FOMC meeting in November to a range of 3.75 and 4%, as widely expected. The press conference of Chairman Jerome Powell was more hawkish than imagined. The Fed Chair remarked that there is still work to be done in terms of rate hikes and that the peak of interest rates would be higher than previously thought, probably referring to the median FOMC predictions made in September (4.6%). The statement also indicated that monetary policy will remain restrictive for some time, and Powell stated that stopping rate hikes is too far away at this point. In addition, the Chair reaffirmed that the cost of undertightening is higher than that of overtightening. This is due to the fact that the Fed still does not see any meaningful progress on inflation, while the labour market continues to be exceptionally tight. As a result of Powell's comments, the market has revised its forecast for Fed rate hikes for next year higher, to an expected 5.1%. US 2-year yields spiked to 4.7%, updating fresh highs and reaching July 2007 levels. Throughout the year, the US dollar DXY index has been increasingly associated with US short-term yields (2-year), with the 90-day rolling correlation coefficient standing at a very high level of 0.91. US 2-year rates may increase further after the November FOMC meeting to reflect elevated market expectations for the Fed's terminal interest rate. This keeps the dollar on a bullish trend for longer. A rise in 2-year yields up to the 5% mark, would likely imply a rally in the DXY index up to 115 levels. The speed of the move will hinge on Friday's US non-farm payrolls data and next week's US CPI data. Higher-than-anticipated numbers for the US employment report and inflation will solidify the Fed's hawkish stance and accelerate the dollar's advance.
CAPITALCOM:DXY
by Capitalcom
🥇Gold🥇 Analyze (11/02/2022)!!!Gold had two different reactions against two trend lines. Gold broke the main trend line, but it failed and started to fall from the PRZ(Price Reversal Zone), which caused the breakthrough uptrend line to break. According to the above description, the Gold will fall to the targets I specified in my chart. Gold Analyze ( XAUUSD ), Timeframe 1H. 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:GOLDShort
by pejman_zwin
2
DXY Daily TA Neutral BullishDXYUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% DXY, 48% Cash. * FOMC WATCH . DXY, VIX and Agriculture are down while Cryptos, Equity Futures, US Treasuries, CNYUSD, JPYUSD, GBPUSD, EURUSD, Metals, Oil and Energy are up. White House Economic Advisor Bernstein said today that "President Biden has endorsed the Fed's policy pivot", which many readers interpreted as a sign of 75bps and a Fed pivot tomorrow; turns out he was referring to the hawkish pivot already being made this year. Interesting word choice with the FOMC rate hike announcement tomorrow and US Midterms on 11/08/22. The US Pentagon has confirmed that there are US military personnel currently in Ukraine conducting security detail at the embassy and providing logistical support for Ukrainian soldiers , but that none are on the frontlines. However, it's rumored that there's a large presence of clandestine CIA and US special forces that have been operating in Ukraine since the Russian invasion in February . The second GDPNow US Q4 GDP estimate is 2.6% , down from 3.1% on 10/28. Key Upcoming Dates: FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently attempting to push higher after bouncing off the 50MA at ~$111. Parabolic SAR flips bullish at $112.75, this margin is mildly bullish. RSI is currently trending down and testing the uptrend line from August 2020 as support at 49.10 minor support. Stochastic remains bullish and is currently testing 50.61 resistance with no signs of peak formation. MACD remains bearish and is currently forming a soft trough just above -0.38 support for the fourth consecutive session. ADX continues to trend down at 13.57 as Price attempts to push higher, this is mildly bearish. If Price is able to keep pushing higher then it will likely aim to retest the local-high at ~$114 as resistance . However, if Price breaks down below the 50MA at ~$111 as support , it will likely retest $110 minor support . Mental SL: (two b2b closes below) $111.
TVC:DXY
by dailytaguy