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Dxyforecast

DXY (US-DOLLAR-INDEX) could contineu its trend!Hey tradomaniacs, its getting tricky for the US-DOLLAR as the market is very news-driven since inflation is such a hot topic! Last week and before we have seen very crazy move as soon as economic data got released.. from bad NFPs to high inflation-data to worse retail sales. Technically we see a potential breakout below the trendline of the daily-chart and the correction could eventually end if we see more bearish confluence and momentum! Nontheless, be carefully as FOMC-meeting on Wednesday could be very crucial as the market waits for any hints about a tighter monetary policy planned by th FED.
TVC:DXYShort
by Trading2ez
$DXY - waining sell momentum but one more continuation lower?DXY broke out the descending shape - stalled for a while then moved expolosively 93.5 Waining mometum as selling has slowed, 1D bull divs also but short still a good bet here At 1D Supply which is strong supply - continued/broke market structure to downside, OTE of recent down leg We are at 1M demand - which helped this leg up and thus has already been mitigated I would expect price to in the near future move through it and flip it to resistance
TVC:DXYShort
by InvestmentsHub
2
It's All About The Dollar StoryThe chart you see above is the Dollar monthly chart showing the last 40 years..... As you can see, the last 3 times we got a cross of the Orange 21EMA & Blue 50EMA, we saw a drop in the dollar for 5 years, followed by another 5 years of sideways action for a total of 3650+ days. You'll also notice we have plenty of room to push further down on the RSI, MACD, and momentum indicators. I personally think history will repeat, this last dollar pushes up is temporary IMO and will continue to plunge throughout 2021 and beyond. I've seen many say they believe the dollar will die of strength rather than weakness, but I personally do not agree with that sentiment. I've posted about the dollar a few times in the past and I've continued to hold my bearish outlook on the dollar for several years now. From a fundamental perspective, the dollar will continue to weaken as long as the FED continues to print us into oblivion. Even if we stop, we'll likely only see temporary strength IMO. Overall, the strength we've seen in Stocks, Gold, Silver, Bitcoin, and the crypto markets shows the weakness of the Dollar, and I believe this will continue throughout 2021. It's possible we see a bounce, but unless we see a large push back above the moving averages toward the 95 level we should expect further weakness from the dollar. Remember, be patient, stay level-headed, non-biased, and ahead of the crowd. You can click the charts below to see my previous 2 Dollar charts from last year.
INDEX:DXYShort
by CryptoSyphn