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Dxyforecast

Dollar Index Chart Analysis.... DOLLAR INDEX MY VIEW- N.B- In this situation DXY chart shorttime chart create higher high move.So, market need seems buy correction @ 102.555 and 103:135 risistance level.If breakout this resistance level, then market Buy UP to 104:000 resistance level. Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to support with a like and follow. PLZ! LIKE COMMAND AND SUBSCRIBE.
TVC:DXYLong
by AronnoFx
DXY- The chart show a lot of bottiming signsIf you read my analysis you know that I'm bullish USD and although so far the reversal keeps us waiting, my opinion remains the same. Looking at the Dxy chart we can see that since Monday USD is showing some life with yesterday being a very agitated and volatile day. Usually, big volatility is a sign of reversal, and yesterday's low could mark the bottom Technically all the candles since Monday are reversal ones so a test of 103.50 resistance, in the short term, is very probable. Anyway, I will remain bullish in the long run USD, and in my opinion, there is much more room for up than down. I'm looking for good points to sell EurUsd and GbpUsd
CAPITALCOM:DXYLong
by Mihai_Iacob
1
DXY to 160?I think you can see where I copy and pasted this line bar from. At the end of 1981 / beginning of 1982, the DXY crossed over the 100 mark for the first time, then retested and held it as support. The 100 level has served as rejection in 2016 and 2020. We blasted through it last year, and are now coming down to retest it. Will it hold? Or will it fall below, break down, and confirm as resistance again? If that happens, my idea is negated. But if the DXY holds this level as support, then I think higher is likely, especially due to the "mAcRoEcOnOmIc CoNdItIoNs" -- lol. Since this is just a line bar copy and paste of the inflation of the 1980's, the timeframe is not the point of this prediction, only the target area. It's highly possible we could approach that area much sooner than depicted here. There will also likely be resistance in the 120 area, if we reject and confirm from there, my idea is also negated. If we go above and retest and hold as support, then the 160 is even more likely. The DXY is also above the 20, 50, 100 and 200 MONTH moving averages. "Bullish" Cheers! None of this is financial advice. But it is fine and chill advice.
TVC:DXY
by phlezk
1
Plan A or Plan B on this index?Hello, my dear friends and fellow traders. What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up. So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up. However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system. Till then wishing you a good luck on this strategy. See you in my next post. It is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. CAPITALCOM:DXY Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
CAPITALCOM:DXYLong
by AlphaTradingStation
Dollar Index (DXY) still in uptrendsAccording to the DXY market chart, the uptrend continues, as it has since 1981. According to the GDP growth data of 1980 to 1982. GDP was negative for six of the 12 quarters. The worst was Q2 1980 at -8.0%.24 Unemployment rose to 10.8% in November and December 1982. It was above 10% for 10 months. From 2020 to 2022, the GDP was negative for four of the eleven quarters. Q4 of 2022 is pending, but the overall GDP situation is the same; the rate hikes are higher to combat inflation. In 2020, unemployment during the COVID period was 14%, but overall after COVID, it was around 3.7%. The market structure of DXY says the recent decline of DXY is a market uptrend signal. The support level is from December 1981 and the resistance is the same as in August 1981.
TVC:DXY
by humairqureshi
2
Dxy- Reversal loomingAs I argued in the start of the year video, I expect a reversal from Usd pairs and a resumption to the long-term bearish trend (bullish DXY). In Dxy's case, I draw attention to the important support that the index is trading in and, as we can see, so far this zone held. Going further, as we can see from the posted chart, since mid-December, the index is trading in a range and we have a strong reversal 2 days ago. Confirmation of reversal comes once the price is breaking above the upper boundary of the range at 104.50 and, in such an instance we can see a medium-term rise to 109 important resistance zone. Sell pairs like EurUsd, GbpUsd, NzdUsd, and AudUsd can be a good trading strategy.
CAPITALCOM:DXYLong
by Mihai_Iacob
2