Get started

Dxyforecast

DXY (US DOLLAR INDEX) AT THE SUPPORT.Welcome members to this important update on DXY in 2 hours timeframe. I am posting this chart on DXY because one of my members mentioned DXY in the comments section and I thought of sharing it with all of you. So, if you guys have queries about any particular coins to tokens then do let me know. I will be more than happy to help. Well, coming back to the chart. The DXY looks pretty interesting here and I guess you all should know about this. BTC and DXY are correlated with each other. Since the beginning of Bitcoin's trading, one can notice a negative correlation between the BTC price with the DXY. If the DXY price falls, BTC rises – and vice versa. It is similar to USDT dominance when we compare it with BTC but the chart of USDT dominance and DXY is completely different. Ok, so, here's the current status of DXY. DXY has been forming a bearish rising wedge pattern (correct me if I am wrong) and the current price is at the bottom trendline which means either it will bounce from here or break down. We may possibly see one more bounce towards the upper trendline but can't expect much volume and eventually a rejection towards the lower trendline. The RSI is falling weak which is another sign indicating DXY to be bearish. So, the confirmation point will be the lower trendline and that will be the key area to look into. What do you think about the US Dollar Index? Share your views in the comments. Like and follow for more interesting updates. Thank you and trade safely.
TVC:DXYShort
by Dexter_The_Trader
2
DXYas I said on last weeks .. DXY still keeps the premises of forming a pattern that it has been following since May 2020! ...as I analyzed ... DXY rejected from the 94500 area and closed over 95150 from where it climbed to the target proposed by me ... 96400! THIS WEEK... as I analyzed last week, DXY hit my 96400 target from where it rejected! In the next period I will try to play between 95100-96700 until the first closing outside this area NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
Clear skies ahead for the DXY.The DXY looks set to continue to trade in a ranging motion to the upside as this is a historically messy region. It is likely that the price will continue to trade in a random walk manner with no clear direction until it breaks out of the 95.8 to 97 range. My guess is that it will break to the upside for the final wave 5 impulse so look out for that. I'd cautiously long the DXY at these levels, otherwise a larger entry on a pullback or entry on a breakout would be much preferred.
TVC:DXYLong
by IkanBilisCapital
DXYThe weekly price chart below shows the U.S. Dollar Index printed a small bullish pin bar last week, as the price continued its consolidation between the support level at 12086 and the resistance level at 12293. The price is obviously consolidating but there is still a long-term bullish trend in force, with the price higher than where it was 3 and 6 months ago. If the support level at 12086 continues to hold, the long-term bullish trend will be likely to resume. Overall, it seems clear we still have bullish picture in the USD over the long and medium terms, but in the Forex market the greenback may not be the main driver of prices right now. It may be a better time to trade currency crosses not involving the USD.
TVC:DXYLong
by SmoothJB
One more drop before Take Off??Hi Traders, Friday's volatility caused some massive sell offs across the board, especially with JPY pairs. The US dollar gained some momentum but in my opinion, it's short lived. We had a strong Impulsive push down from the upper boundary of the ascending channel and now price has sinve been consolidating which I feel will drop to the previous low before heading to the mid 97.00 range. Anything can happen, follow your trading plan and trade safe. Comment below and share your view on this pair! Click the like button if this helps you!
TVC:DXYShort
by ktlfx
DXY EXPLAINED 📉📉📉🎯 DXY - USD Index USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term perspective. 🎯 DXY has two correlations one of them is positive meaning the certain assets moves like DXY and negative corelation meaning certain assets move exactly vice-versa. ✅ DXY Positive Correlations DXY ⬆️ USDCAD ⬆️ USDJPY ⬆️ USDCHF ⬆️ USDRUB⬆️ USD XXX ⬆️ ✅ DXY Negative Corelations DXY ⬆️ EURUSD ⬇️ GBPUSD ⬇️ AUDUSD ⬇️ NZDUSD ⬇️ From a technical standpoint to have a better probability in your trades try to find entries when both DXY and for example USDCAD are in long poi (point of interest) this will increase your chance of having profits as you use inter-market correlations
BINANCE:BTCUSDEducation
by AnonimFXRO
DXY-U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a large bearish candlestick last week, establishing new lower resistance levels at 12215 and 12257 (the latter looking more reliable). This represents a bearish retracement following last week’s highest weekly close seen in 18 months. The price is also potentially supported by the support level at 12174. If the support level at 12174 continues to hold, the long-term bullish trend will be likely to resume. Overall, it seems clear we have a very bullish picture in the USD over the long and medium terms, so it will probably be wise to trade in the direction of long USD over the coming week, at least in the Forex market. In other markets, it is likely that the USD will not be a key driver of price movements.
TVC:DXYLong
by SmoothJB
2
_DXY forecast in new upcoming weekhello everyone, I hope you had enjoyed the weekend as we know last week the Us dollar lose interest in the market and broke support at 95.58. now in the 4H time frame, the market has to test that old support (new resistance) around that level, we have an inside bar and we have to wait for it to break down and then we have a 60% chance to rich to lower support as 95.14 and next 94.79 and I will be glad to share your opinion with me. have a nice trading week and trade consciously.
ICEUS:DXYShort
by KELPY