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Dxyforecast

DXY more room for up before short sell DXY or dollar index had saw a nice bullish momentum for the upside, and that because of the inflation and the delta between dollar fed fund rate and the other foreign currencies rates. last week a ECB member told the press that the ECB will start to raise rates gradually this year to fight against inflation, this will narrow the gap between interest rates. DXY can push more up for this moment to 110.00 level before facing a major threshold where United States Dollar will be less attractive in comparison to other currencies.
TVC:DXYShort
by ghattas360
Did the Dollar Index Just Top?This is a chart of the U.S. dollar currency index with Fibonacci Retracement levels applied. These Fibonacci levels take the entire history of the dollar index into account as they were drawn from the all-time high in 1985 to the all-time low in 2008. On the bottom is the monthly RSI. It is extremely rare for an asset to create bearish divergence on a timeframe as high as the monthly chart, as the dollar index just did at the close of June! Specifically, the dollar index closed June with a higher price than it closed in April but with a lower RSI. When price continues to move higher but the RSI moves lower this is a bearish divergence, and it usually indicates a reversal especially when the divergence occurs at overbought RSI levels. Bearish divergences have similarly been occurring on the weekly timeframes for the dollar index. These divergences are used by experienced traders as sell signals. Neither the commodity charts nor the Eurodollar Futures are confirming the dollar index's continued move higher. With the economy slowing rapidly, there's little reason to believe that the Fed will become any MORE aggressive than it already is. If the Fed will not get any more aggressive than is already priced in, the dollar index should not go any higher. While anything can happen, now that the dollar index has even reached a Fibonacci level, it seems quite likely that a major top is underway.
TVC:DXYShort
by SpyMasterTrades
6
Jamie Gun2Head idea: Selling DXYTrade Idea: Selling DXY Reasoning: At key long term resistance, looking for a temporary move down Entry Level: 105.54 Take Profit Level: 104.66 Stop Loss: 105.860 Risk/Reward: 2.751 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
TVC:DXYShort
by Signal_Centre
ICT ATM METHOD DXY!!!!!!!ICT ATM METHOD!!! short term high ran and rejection giving you the confirmation of the short, well look for this to reject inside the ob 104.900 and take out the local lows liquidity 103.400. Price reaches the low ob+fvg 102.650 prior to running the sell side liquidity well monitor this for a potential area where we see a rejection (pray this doesn't happen) and if so well look to take profit and cut our positions. HOLY GRAIL if price seeks the sell side liquidity 101.300 then we can really set our selves up for some relief. WE STAY CALM AND COLLECTED, LET THE MARKET COME TO YOU AND EXECUTE LIKE A BOSS!!
TVC:DXYShort
by Marketperceptions00
DXY Dollar Index : Tighten your seatbelt, airplane in space 9.5Simple, practical, efficient. We are looking at the highest level since March 2020. A very smart trader once told me - Buy low, sell high. And looking at December 2016, March 2020 - Jackpot would have been hit both occasions with a short position, with 15% down for USD on average both times. Now let's connect that to today. What's similar? The level it self. 103.80-104.50 is the range both times the USD came down crashing, showing strong horizontal resistance in this 5 year window. What else? Extreme stretched MACD showing overbought condition only similar to March 2020 and December 2016. And? RSI 14 on weekly chart shows the most stretched overbought condition since 2015, when DXY came down from 100 to 91 within weeks. Now let's look at the other possibility , a clear breakout higher than the horizontal resistance. This would be a breakout of a very long-term consolidation , which would mean the beginning of a new up-trend that could take the USD to highs only seen before 22 years ago and before than the mid 80's. Is this probable considering the extreme overbought condition across big and short timeframes? Is this probable considering the highest national debt in history by far? Is this probable considering the tech bubble burst? Is this probable considering the worst inflation in 40 years? Is this probable considering the rate hike is already priced in? And the list goes on and on. Make an informed decision, don't buy expensive. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! If you found my idea useful please like and follow, it would mean a lot for me. My target is to help as many traders as possible, please comment and let me know what would help you most. I promise to respond to everyone with detail, thanks again :) -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ICEUS:DX1!Short
by Exactus
3
US Dollar RetracementThe US Dollar Index (DXY), which tracks the greenback versus a bundle of its main rival currencies has ended the week bearishly confirming a reversal candlestick (Bearish Engulfing) after sliding by 1.34% throughout the week. The weekly chart shows the potential for a retracement, even within the ongoing trend, the next support lines up at 102.65 (weekly low May 19) followed by 102.35 (low May 5) and then 99.81 (weekly low April 21). The dollar and gold have been well proven to be safe-haven support from the negative impact of the worldwide negative pressuring factors. The US dollar has also benefited from a special bid due to technology stocks. That bubble is bursting at the moment and it will draw money out of the US during the next wave of investing, which will be in value stocks.
TVC:DXYShort
by AlyaAkram