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Dxyforecast

DXY (Dollar Index) | The best point to start the uptrend🏹Hello traders, The dollar index in the weekly time frame, This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe. The range we have examined has an impulse state in which we are inside the fourth wave, and this second wave impulse forms itself as a relatively normal flat, and accordingly the fourth wave can be more complex than the second wave, which is probably the case. Inside the wave, the four waves w and x are completed and now we are inside the wave y , the wave y completes its wave a and the wave b is in the range that can be declared the end of it. It is also possible to climb to 96,000. We will examine the issue more in the daily time. In general, we expect another downtrend, which is confirmed by the failure of the channel floor. Another point is that wave 4 is likely to penetrate the range of wave 1. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
INDEX:DXYShort
by mahdisoltaninjad
Dollar Strength-Mid September OutlookHello Traders, As of right now, this is my outlook and potential targets on the Dollar Index. The equity market beginning to weaken during August/September and dollar gaining strength is cyclical to the transition from q3 to q4. Which beginning in October, DXY typically will lose strength, while the equity market regains strength from September weakness. I expect TVC:DXY to continue to rise until the end of the month and possibly consolidate for a few days at the highs before we start seeing bearish movement. COT Analysis: Commercials have added even more short positions and are still overall net SHORT. However, long positions have been added by leveraged funds and the commercials, which makes sense that they're in a sell program even with temporary dollar strength. Technical Analysis: August is currently sitting as the nearest intermediate high where we can either go to retest the OB then fall down, or we can completely take out August's high, tap into the monthly OB which is at 93.800 then fall. If 93.800 is broken, then reanalysis will be given. Why is the dollar gaining strength? Seasonal tendency & It failed to take out its nearest intermediate lows. Before shifting to a bearish market structure, liquidity will have to be accumulated as short positions are added by commercials during the temporary strength. 93.600s line up with 85-93% retracement levels, as well as a 70% extension from the intraday current high and low. Bullish Fundamental Catalyst: 1. Fed: Rumors of easing asset purchases, rate hikes, tapering talks, powell does not get reappointed 2. Economic Recovery: lower inflation figures, GDP growth, healthy labor market, strong demand for treasury, consumer spending. ( higher cpi figures) 3. Monetary Policy: cash shortage if ceiling is not raised, US default, deflationary shock, increased capital earning taxes, global supply chain disruptions with companies not being able to have enough supply to meet customer demand. Bearish Fundamental Catalyst: 1. Fed: halting tapering process to wait for more data on economic recovery, powell gets reappointment next year, increased stimulus/asset purchasing, fed increasing inflation targets to 3-3.5%. 2. Slow down of economic recovery (lower cpi figures), decline in fixed income with a rise in equity market, and increased inflation figures. 3. Monetary Policy: increase to debt ceiling, 3.5 trillion spending package gets approved, any other government spending increases. 4. Delta variant cases begin to grow, travel restrictions and lockdown increases. GLGT :)
TVC:DXYLong
by stimichele
2
DXY (Dollar Index) | The best area to fly🚀Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. Well, we still have the same mindset of correcting all this sideways trend for Wave 4 at higher times In this process, the side of wave b of the plate is probably irregular or it can be said that wave 4 triangle is forming. Wave b which is formed in a zigzag pattern is inside its wave c and wave c will be forming its fifth wave. Inside wave 5, waves 1, 2, and 3 are probably fully formed, and now we expect wave 4 to form. In the previous analysis, we assumed that wave 4 would form a suffering condition in this range, and this side structure also took place, and the probability that we are considering for today is another ascent to Fibo 2.618 for wave c relative to wave a will have. Of course, a certain red trend will also occur, a decline and then a rise and if the intersection that we marked the circle is broken, the descent process will start in the same area. If Fibo 2.618 is broken, this scenario will be fielded. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYLong
by mahdisoltaninjad
1
DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. According to yesterday's move and according to the four-hour analysis, the movement index continued to Fibo 1.27 and there were fluctuations in this range, but it must be said that this scenario has more or less been fielded. But we still think the decline is on the way. Also, the ratio of wave a to wave c is questioned and we consider the last ratio, ie Fibo 2.618. This Fibo is very unusual for a zigzag and often occurs within the correction waves of a triangle, and wave 4 can also be a triangle. . In general, I think the trend is painful and after the formation of waves 3, 4 and 5 from wave 5 from wave c the price will fall. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
1
DXY is reaching major resistance levelUS Dollar Index (DXY) analysis: Recently you have seen or heard a lot about DXY and its impact on the market. So what is US Dollar Index (DXY) The US Dollar Index is used to measure the value of the dollar against a basket of six world currencies - Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. That means if DXY goes up the other currency value goes down and vice-versa. Bitcoin is also inversely related to US Dollar Index (DXY) means if DXY goes up then BTC and crypto market price dumps and if DXY goes down then BTC and crypto market price pumps. DXY formed a double bottom on the weekly chart and now almost completed the pattern. The major resistance for DXY is 94.785 and if DXY breaks above this resistance then we see a heavy sell-off (dump) in the crypto market. Although this is weekly major resistance so we expecting a reversal from this resistance that gives some space for BTC and crypto market rally. Keep an eye on DXY. The next 2 weeks are very crucial for BTC.
TVC:DXYShort
by Bitcoinik
DXY (Dollar Index) | Last chance to fall🚧Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. According to the decision we made in the four-hour time, we still consider this wave to be a correctional wave. And from this correction, we examined wave b. In wave b wave c is forming and from wave c we think wave 5 is not over yet. Microwave, wave 5 is formed inside the channel and until its third microwave, this channel is standing and We think Microwave 3 ended with a collision with the channel ceiling at Fibo 1.618, and now we have to wait for Wave 4. Of course, Wave 3 can continue to climb to Fibo 2.00 if there is power by breaking the channel ceiling, but we are currently considering its normal state. Expect the formation of 4 microwaves in the form of flats also with the failure of wave 5 channels and in the zigzag channel mid-line tag wave b at larger times. And if wave 4 enters the range of wave 1, this analysis will be relatively field. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
DXY (Dollar Index) | The last point to fall🚧Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe. The dollar index completely broke our previous analysis point in Fibo 0.88. And if this point is broken, we were supposed to consider this wave as wave 5, but from what we have examined, the most logical case for this wave is wave 4. But this time we considered it not in the form of twin zigzags but in the form of irregular flats. And the last chance to consider this wave as a correction will be Fibo 1.27 for wave b of the plate, and if it breaks again, we will say for sure that these waves were impulses. Because the ratio of a and c waves will be very unusual. In general we will expect to climb to the specified point and then descend for wave c . 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
ICEUS:DXYShort
by mahdisoltaninjad
DXY (Dollar Index) | Last chance to fall🚧Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. In the previous two analyzes we mentioned that wave 5 of wave c of wave x may not have formed. However, in the previous analysis, we rejected this issue, but still showed that we would expect a not so long ascent. This happened, but not in the form of wave 2, but in the form of wave 5 of wave c . The dollar index is in an area that, if the downtrend does not occur, the whole scenario will be fielded. And the probability we are considering now is the formation of wave 5 of wave c in the form of a leading triangle, and from this point we see a drop that could break the 93,000 support range. Of course, it should be said that wave 5 in Fibo 0.618, if it moves inside the triangle, it can continue to climb and then start falling. Our Fibo 0.88 field point is broken and this will be the last hope to confirm this scenario. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
1
DXY (Dollar Index) | The best area to fall 🏹Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. According to the investigations, our team came to the conclusion that wave x is over and now the waves, wave y are forming. From the wave y we think that a wave 1 is formed and wave 2 is being formed, which is formed in a flat and very deep form. . We are likely to have an ascent to around 93,450 and then a descent to the end of wave 1. In case of complete failure of Fibo 0.88, this analysis will be completely fielded. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
1