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Dxyforecast

Next Week Trading Plan (DXY analysis)we have drawn some high lows of weekly and monthly swings after that, we have spotted a chart pattern on 4h of DXY indicating it was head and shoulder (incomplete) although the idea was the left shoulder of the pattern is bigger and on the right shoulder it will be shorter than the left shoulder neckline comes at 104.510 first target will be 104.900 which is derived from the right shoulder length and 2nd target is at level of 105.300 which is the length of head incase the first condition couldn't break through the neckline we then have to wait for price to retest the monthly and weekly support which is around 103.900 to 103.600
TVC:DXY
by Jimmy_Rebello
2
DXY Dollar Index Technical Analysis and Trade Idea👉🔍 We can observe that DXY has been in a bearish trend recently. However, it has experienced a significant move into a key support zone. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
TVC:DXY
by fxtraderanthony
DXY declined when Biden withdrew from the White HouseDXY: The USD index in today's session has reacted to a decrease and correction right after the information last weekend. Showing a bearish outlook in the context of Biden's withdrawal from the white house. The scenario in today's trading session is that DXY is expected to continue to weaken. Ace, please consider selling with USD US President Joe Biden introduced the stop of his re-election marketing campaign on July 21 (US time) and nominated Vice President Kamala Harris to update him because the Democratic presidential candidate. In the assertion on This week, he's scheduled to present a public speech. Being your president is the greatest honor of my life. Although I intend to run for re-election, I believe that for the best interests of my party and the country, I should stop and only focus on completing my presidential duties," Mr. Biden wrote. A few minutes after the above message, he wrote another message supporting Ms. Harris. "I chose Ms. Kamala Harris as my vice presidential candidate in the 2020 race. And it was the best decision I made," he continued.
TVC:DXYShort
by TheLeader_WOLF
DXY US Dollar Dominance Long-term forecastCurrent consolidation is coming to its end in the end of July 2024. US Dollar buying (= opening short positions) opportunity is open now. August 2024 will mark a major breakout and fast ascend of DXY topping at no higher than 112. Retest will follow bottoming at 105 (possible plunge down to 104) in January 2025. Next move up will happen in the first half of 2025 making Lower high compared to previous high of 112. Super-important month for all markets will not happen before August 2025. This time the world will decide wether it will go into the dark times of Greatest Financial Depression or it will abandon USD. If my forecast of August 2025 - March 2026 takes place, then USD will first nuke the world in 2026-2027 and then in 2027 USD will cease to exist.
INDEX:DXY
by discarding
4
US stocks and bond yields increased sharplyLong-time period U.S. bond yields rose on expectancies that Trump`s rules could boom authorities debt and inflation, at the same time as cryptocurrency shares additionally rose together with Bitcoin. Trump has delivered himself as a cryptocurrency advocate. Investors say a Trump victory may want to imply greater tax cuts and a greater comfortable regulatory environment. The S&P 500's strength region rose 1.6%. Impact from assassination and hobby rates On making a bet web website online PredictIt, the agreement for a Trump victory become buying and selling at sixty eight cents, up from 60 cents on Friday, with a capacity agreement of $1. Contracts for a Biden victory had been at 26 cents. The assassination in Pennsylvania on Saturday of Trump regarded to enhance his election chances. The 20-year-antique attacker's reasons continue to be a mystery, with the suspect killed and the FBI not able to decide the intentions in the back of the attack. “The marketing and marketing round this occasion is offering a boost,” stated Josh Wein, portfolio supervisor at Hennessy Funds. “But in latest days the inventory marketplace has increased. So that is a continuation of a sturdy rally from the second one 1/2 of of remaining week while we found out that there has been purpose to rejoice the concept that there might be one and now probably price cuts in stop of the year."
TVC:DXY
by TheLeader_WOLF
Selling pressure on USD is increasing and in the current contextDXY: USD index today is maintaining below 105.20. After consecutive drops beyond the support level, the USD is in a continuing downtrend Investors should pay attention to protect profits with BUY positionsShows that selling pressure on USD is increasing and in the current context, information about the US is getting worse, causing the USD to weaken. Regarding technical factors. Because it has broken out of the uptrend zone, it is expected that the market will have a slight retest of the trend and then continue to decline. You can consider maintaining a sell watch with USD today.
TVC:DXYShort
by TheLeader_WOLF
DXY: there will be a correction todayDXY: The USD index yesterday fell sharply, penetrating the support zone and creating a head and shoulders pattern that can be clearly observed in the H1 frame in the context of negative information focusing on the US yesterday. And the FOMC meeting somewhat supported the USD's adjustment, but not significantly. Regarding technical factors this morning, DXY tested the neckline again, so it is likely that USD will continue to decline today. Consider maintaining a short position with USD.
TVC:DXYLong
by TheLeader_WOLF