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Dxyanalysis

The dollar slowly perks up ahead of US CPI and FOMC meetingThe US dollar is trying to form a base following its false break of the August low. Whilst it saw a daily close beneath the key level on Friday 2nd December, a bullish engulfing candle formed the following day. Furthermore, a higher low formed on Friday with a Spinning top Doji and held above the August low, and momentum is pointing higher today. So if this week’s FOMC meeting is more hawkish than currently expected, these levels likely look appealing for bulls after its near-10% retracement. With that said, I suspect volatility will be lower ahead of this week’s US CPI report and FOMC meeting as traders may be wary to front-run these key events. - The bias is bullish above last week's low (although a more aggressive stop could be used beneath Friday's low) - Open upside target, given the market has retraced nearly 10% from its highs and the Fed have the potential to deliver a hawkish hike this week
TVC:DXYLong
by CityIndex
DXY - Awaiting Support BreakoutTime to be neutral about the prospects of DXY. Although the trend was significantly bearish considering the recent blowing up of investors confidence followed by USA midterm elections. Let us now analyze what seems to be adequate possibilities that may follow considering the lack of egalitarian policies as the end of year approaches: 1- We are currently at a major important support level (103.8-104.2) as elaborated in my previous big picture idea about (see related idea) 2- The downtrend rally is finely observing a downtrend channel, breaking out from here we can expect a retracement to the level between 107-108.5, however, the major trend remains bearish unless broken higher than last yearly high at ~114.7. If it crosses higher than described retracement zone, we will see about it later 3- If the yearly support does not hold, we might be heading towards a double figure value for DXY i.e. <100 4- We got a midterm extended target zone near the price value of ~101.7, we can expect a retest of yearly support zone at 103.82-104.2 if we bounce from here 5- For now we are waiting for one of the two possibilities to comment further about the DXY targets i.e. either yearly support ruptures or downtrend channel breaks high 6- We are currently having a daily bullish doji star and a weekly bullish harami candle, which indicate a possible retrace to the continued bearish trend 7- Confiding in bear, we must also consider that we are presently at the point where the year is ending and FEDs are preparing a closing report, therefore, just ride the wave as far as it goes. We might spot a proper reversal later when it appears. Best of luck and happy trading :-)
TVC:DXY
by Uzi-Trades-Forex
2
💵U.S.Dollar Currency💵 Index Analyze (Short term,12/02/2022)!!!The DXY index was able to make a Bullish ALT AB=CD Harmonic Pattern on the support zone. I expect the DXY index will go up at least to the resistance line. And in the next step, it will touch the resistance zone after breaking the resistance line. U.S.Dollar Currency Index ( DXY ) Analyze Timeframe 4H (Log Scale)⏰. Do not forget to put Stop loss for your positions (For every position that 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
2
💵U.S.Dollar Currency💵 Index Analyze (Short term,12/09/2022)!!!The DXY index wants to make at least the zigzag correction(even it can make 5 impulsive waves, it depends on whether DXY can break the resistance line or not🤔❗️❓). The end of microwave B was confirmed by the Bullish AB=CD Harmonic Pattern, and after breaking the downward trend line, we can be more confident about the end of microwave B. I expect the DXY index will go up at least until PRZ(Price Reversal Zone) & resistance line. U.S.Dollar Currency Index ( DXY ) Analyze Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position that 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
4
DXY Daily TA BearishDXYUSD daily guidance is bearish. Recommended ratio: 5% DXY, 95% Cash. * Oil tankers are reportedly beginning to jam up the Black Sea with 28 tankers waiting to be checked for having proper insurance by Turkish officials . This will likely put upward pressure on the price of oil in the near/medium term. Investors appear to be anticipating a 50bps rate hike by the FOMC on 12/14, which will be their last rate hike announcement until February 1st 2023. Interestingly, investors appear to be equating a slowing in rate hike increases with a lowering of the terminal FFR, which is unlikely to be true; Federal Reserve staff/member consensus is currently projecting a 5%-5.5% terminal funds rate to be achieved by mid-2023, the FFR is currently at 3.75%-4%. So going forward, 50bps on 12/14/22 brings it to 4.25%-4.5%, another hypothetical 50bps on 02/01/23 would bring it to 4.75%-5%, another hypothetical 25bps on 03/16/23 would bring it to 5%-5.25% and then a last hypothetical 25bps on 05/04/23 would bring it to 5.25%-5.5%. This all assumes that Russia doesn't continue to escalate the war and that supply chains reach a newfound stability/order; a somewhat unrealistic assumption at the moment. US Equities, US Equity Futures, US Treasurys, Cryptos, Metals, Natural Gas, Agriculture, EURUSD, GBPUSD, CNYUSD, HSI, N100 are up. DXY, VIX, JPYUSD, NI225 and Oil are down. Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently trending down at $104.80 after being rejected by the 200MA at ~$105.80 as resistance. Parabolic SAR flips bullish at ~$105.80, this margin is mildly bullish. RSI is currently trending down at 36 after being rejected by 39 resistance for the third time since 11/21/22, the next support (minor) is at 23.34. Stochastic remains bullish and is on the verge of crossing over bearish as it trends down at 58 after getting rejected by 67 resistance, if it falls below 56 it would be a bearish crossover; the next support is at 45.65. MACD remains barely bullish for a second consecutive day as it trends sideways just below -1.21 support. ADX is currently trending up slightly at 31 as Price continues to see selling pressure, this is bearish at the moment. If Price is able to bounce here and reestablish support at the 200MA (~$105.80) , the next likely target is a retest of $108 resistance . However, if Price continues to break down here, it will likely retest the uptrend line from May 2021 as support for the first time since February 2022 which would coincide with $103 support . Mental Stop Loss: (one close above) $105.80 .
TVC:DXY
by dailytaguy
Multi-Year Ascending Scallop on DXYDuring the DXY run-up this past year, I noticed repeated ascending scallop patterns that were continually validated by breakouts. These were often on the 5 to 15 min timeframe, but If you look at the ascent even on the hourly chart, you'll notice the pattern reveals itself repeatedly. If you're a believer in using fractals in your trading strategy, you won't be surprised to see that a clear ascending scallop appears to be developing on the longer time frame. I was initially looking for this pullback to find support at former resistance, but it has possibly regained its support from 2018-20. Given the repeated validations on shorter time frames, I'm looking for a break out above the Sept high (114.778) in early 2023 - if not sooner.
TVC:DXYLong
by moveyoubrightly
DXY Daily TA BearishDXYUSD daily guidance is bearish. Recommended ratio: 5% DXY, 95% Cash. *Cryptos and Commodities markets are signaling a bullish open to a week of mute economic data before CPI on 12/13 and the last FFR hike announcement of 2022 on 12/14. More volatility is to be expected with increased supply chain disruptions due to reduced exports from China weighing on Big Tech ( Apple in particular ). While certain major cities like Beijing, Shenzhen and Shanghai are loosening Covid restrictions in effort to quell protests and reinvigorate dampening domestic demand. A price cap imposed by the G7 + Australia on Russian oil took effect today, the $60/barrel price cap applies to any third-party countries who intend to use G7 or EU tankers, insurance companies or credit institutions to ship Russian oil . Russia responded by saying they would cut production while OPEC+ reiterated their commitment to a 2m output reduction until 2023 . This will likely push the price of oil higher. Ukraine has also mentioned that Russia hasn't launched any large missile offensives in the past two weeks and that they are likely gearing up for another significant strike on Ukrainian energy infrastructure in attempt to break Ukrainian citizens down during the winter. Commodities, Cryptos, US Treasurys, HSI, CNYUSD, GBPUSD and EURUSD are up. DXY, US Equity Futures, N100, NI225 and JPYUSD are down. Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price has broken below the 200MA at $105.57 as support and is currently trending down at $104.22 as it approaches $103.15 support which coincides with the uptrend line from May 2021. Parabolic SAR flips bullish at $106.83, this margin is mildly bullish at the moment. RSI is currently trending down slightly at 32, the next support is at 23.34. Stochastic remains bearish and is currently testing max bottom. MACD remains bearish and is currently trending down slightly at -1.45 as it breaks below -1.21, the next support is at -1.66. ADX is currently trending up at 30 as Price continues to fall, this is bearish. If Price is able to bounce here then it will likely retest the 200MA at ~$105.60 as resistance . However, if Price continues to break down here, it will likely test $103.15 support which would coincide with the uptrend line from May 2021. Mental Stop Loss: (two consecutive closes above) $105.60.
TVC:DXY
by dailytaguy
Investigating the dollar index in the 4H time frame using ElliotIn my opinion, the dollar index has completed a complete 5-wave in the daily time frame. We are currently in the ABC correction. Wave A is complete. Wave B ended with 3 moves. Wave C consists of 5 waves. In my opinion, now wave 3 out of 5 is completed and we have to wait for the beginning of wave 4 out of 5. Wave 4 consists of 3 big movements. In my opinion, Wave 4 can behave as shown, and if there is a change in my opinion, I will definitely update this analysis.
TVC:DXYLong
by AllMarketAnalysis_Am
DXY Index Enter Into Consolidation Range for Long or Short TradeDollar index is trading in upward channel pattern since last couple of year as we have mention in earlier publish idea and it did perform according to analysis . Now it has reach the top resistance level of channel pattern as shown in chart . according to our analysis we might see DXY consolidate in triangle pattern which is shown in chart. and it will breakout from this consolidation range by 2nd half next new year. your question will be answered only if you drop question in below comment section. Thank you
TVC:DXY
by Fx_Trader_ViSa
1
💵U.S.Dollar Currency💵 Index Analyze (Short term,11/15/2022)!!!The DXY index was able to complete wave 5 in the support zone. The sign of the end of wave 5 can be considered a 🔨Hammer🔨 Candlestick Pattern. I expect the DXY index will go up at least to the end of wave 4, and then it completes correction waves. U.S.Dollar Currency Index ( DXY ) Analyze Timeframe 4H(Log Scale)⏰. Do not forget to put Stop loss for your positions (For every position that 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
3
FOLLOW THE DXYThe markets are heavily influenced by what the Dollar aka DXY is doing. When the DXY is soaring going UP US BASE pairs go down. When the DXY is going down US base pairs go up. Simple as 123. When you study the DXY and begin to chart it and learn how it moves it will give you the best overall objective view on what the markets will do especially US BASE PAIRS. In this DXY chart mark up on the weekly we can see the DXY is cleaning all liquidity and headed toward support around 103.400. This will cause the markets to go HIGHER next month. The markets will experience one last rally NORTH then come crashing down beginning of 2024. Today's STOP HUNT was a big clue that the markets want to continue BULLISH. Fundamentally this also is in confluence with inflation coming down. Thus the dollar will continue to drop. But once the DXY hits those support levels and begins to rebound the markets will begin to tank and we will be BEARISH throughout the 1st half of 2024. I urge you to study the DXY and watch how the markets correspond to it. Lastly as always: Never over leverage. Have patience. Trust your analysis and give the markets time to fall into the script. And have fun! I AM PRO TRADING MADE SIMPLE. Master Sensi of #SniperGang EVERYBODY EAT$
TVC:DXYShort
by Master-Jedi-Trader
1
US Dollar Currency Index (DXY)US Dollar Currency Index (DXY) 1W hollow candlesticks After an ATH (All-Time High), the US Dollar Index appears to be finding its first major support area, which occurs from the golden ratio of the Fibonacci Retracement sequence. Two triangles are formed, two ascending triangles. In the first triangle, the breakout will occur at the end of 2022. Certainly from the new year, it is most likely to break the Resistance area, located at 103.650, as it will then enter the second smaller triangle. Towards the end of 2023 or even earlier, seems to be the next support area, which is clearly seen by the extension of a second Fibonacci Retracement. The point is that the dollar is starting to lose value, while the euro is gaining, as also Forex market is starting to lose ground. That's for now. Good luck. #CryptoHellas Team
TVC:DXY
by CryptoHellas
1