Get started

Dxyforecast

DXY and 14 Levels: Understanding the Currency Pair's TargetsWhile Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households, businesses, and financial institutions. Himino then guides us through four stages of development, covering price fluctuations, labor costs, buying and selling prices, and wages. Remarkably, as BOJ has demonstrated since 2016, Himino dismisses the Wages/Prices concept in stage 1, where uncontrollable prices arise from the West through imported inflation and market changes in oil prices. How to control imported inflation and oil prices without imposing an advanced concept like Autarky on Japan's prices. As Himino points out in some cases, the complexity of Wages, Prices, and satisfaction to prevent deflation may never materialize. Throughout the speech, Himino states that if the concept of wages/prices is satisfied, questions about monetary easing must be reconsidered. Whether intentionally or not, Himino throws USD/JPY and cross-currency pairs into the mix. A worrisome aspect of Himino's speech is how a speculative speech turns into psychological reports on negative interest rates, ultimately BOJ's most important December policy, the end of monetary easing. Currency analysts and outspoken figures on leading websites in our era reveal that they can no longer fix it. Stage 1: Businesses reflect higher import prices in selling prices. Stage 2: Businesses reflect a higher overall price in wages. Stage 3: Businesses reflect higher labor costs in selling prices. Stage 4: Business price policies become more diverse, enabling them to explore strategies for selling more attractive products and services with corresponding prices rather than just good products and services at low prices.
TVC:DXY
by Gwen_Humuna
Himino's Speech: A Deep Dive into Currency Pairs and Targets In a significant monetary policy speech, Himino introduced pivotal assumptions for wages, prices, and the prolonged dual downturn. The narrative explored how the concept of Wages/Prices might depart from what he termed a frozen state. Himino delved deeper into understanding and reviewing wages and prices concerning Japanese households, businesses, and financial institutions. He guided us through four developmental stages involving price fluctuations, labor costs, buying and selling prices, and wages. Notably, in stage 1, Himino acknowledged the complexity of controlling imported inflation and oil prices without imposing a progressive concept like Autarky on Japan's prices. Throughout the speech, Himino asserted that if the Wages/Prices concept is met, questions about monetary easing must be reexamined. Interestingly, Himino tactfully connected his speech to the USD/JPY movement and cross-currency pairs. A notable aspect of Himino's speech is how speculative remarks turned into psychological reports on the last meeting of BOJ in December, highlighting the importance of the new monetary policy and the cessation of easing. Financial analysts and opinion leaders expressed their inability to repair the situation. Himino outlined four stages: businesses reflecting higher import prices, businesses reflecting higher overall prices on wages, businesses reflecting higher labor costs in prices, and diversified price policies allowing businesses to explore strategies attractive in value instead of just focusing on low-priced goods and services. In summary, Himino's speech touched on crucial economic concepts and their implications, sparking discussions on the future of Japan's monetary policy and its impact on currency pairs.
TVC:DXY
by Larissa-Trader
1
DXY (Dollar index) Shorts down to 102.500While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of 102.500 seems likely. The formation of Wyckoff accumulation signals a possible breakdown to surpass Asian lows. Additionally, considering that the price has left a demand zone at the projected target, we can expect a potential reaction in this zone. This reaction could potentially lead to the creation of new highs and a temporary bullish trend. Confluences for DXY Sells are as follows: - Dollar has tapped into a 17hr supply zone that has caused a BOS to the downside. - Theres liquidity to the downside in the form of Asian low and trendline liquidity. - Recent trend for this market has been temporarily bearish so this is a pro trend trade. - If price wants to continue going higher, there are unmitigated demand zones that price needs to come and fill. P.S Although the price has established a new bearish trend, it's possible that this is a strategic move to eliminate the trendline liquidity lingering from previous bullish rallies. Given the overall bullish sentiment on the higher time frame, it wouldn't be unexpected to witness the dollar initiating a new trend to achieve fresh highs.
CAPITALCOM:DXYShort
by Hassan_fx
1
DXY (Dollar$) Shorts down to 101.500The bias for the dollar this week remains bearish, leading me to anticipate further downward trends. Near the current price, there is a supply zone on the 3-hour chart where we'll wait for price redistribution. Following that, we'll await confirmation on a lower timeframe to execute the sell trade. Additionally, I anticipate a minor reaction from the 13-hour demand zone, presenting potential small buying opportunities. Subsequently, we anticipate the price to continue its descent and then respond to a 3-hour demand at 101.500. This is where I expect the price to retrace upwards, providing a more favourable opportunity for a buy trade. Confluences for DXY Shorts are as follows: - The short term trend currently is bearish (with perpetual BOS's to the downside.) - Trend lines below act as magnets, pulling the price downwards and encouraging a bearish continuation. - To evoke a bullish reaction from the price next, there's a strong demand zone on the 3hr time frame. - A clear 3-hour supply zone sits above the current price, where we can expect a bearish response. - By the candle stick anatomy bearish candles are very strong, holding lots of momentum. P.S. I also observe the potential for the price to rise, targeting a more favourable supply zone like the (7hr) to initiate a robust bearish movement. Despite the strong bearish trend currently, we will primarily seek opportunities aligning with the trend. However, the next viable counter-trend trade would be at the 3-hour demand level around 101.500.
CAPITALCOM:DXYShort
by Hassan_fx
1
USD Weakens; Currencies ResilientThe Dollar Index (DXY), measuring the greenback against a basket of key currencies, extended its decline to 103.40 (from 103.75) during the holiday trading session. The Canadian Dollar (CAD) outperformed, causing USD/CAD to drop by 0.7% to 1.3615, hitting a one-month low. Canada's year-on-year retail sales for September surged to 2.7%, beating expectations of 2.0%. The British Pound (GBP/USD) rebounded to 1.2605 (from 1.2540), while the Euro (EUR/USD) rose to 1.0942 (from 1.0905). Germany's IFO Business Climate increased to 87.3 in November, beating forecasts but slightly lower than the previous reading of 86.9. The Australian Dollar (AUD/USD) extended gains to 0.6585 from 0.6560, nearing its three-month high. The New Zealand Dollar (NZD/USD) climbed to 0.6085 (from 0.6045) on strong sentiment from Australia and risk appetite. Against the Japanese Yen, the U.S. Dollar (USD/JPY) dipped to 149.45 from 149.65 in subdued trading. The greenback closed lower against Asian and emerging market currencies. USD/CNH (Dollar-Offshore Chinese Yuan) dropped to 7.1475 from 7.1515, and USD/THB (Dollar-Thai Baht) ended nearly unchanged at 35.40 (from 35.43). USD/SGD fell to 1.3405 from 1.3420. Global bond yields rose, with the 10-year U.S. Treasury yield reaching 4.47% (from 4.40%). The 2-year U.S. Treasury yield increased to 4.95% (from 4.90%). Germany's 10-year Bund yield rose by 3 basis points to 2.64%, and Japan's 10-year JGB yield spiked to 0.76% (from 0.71%). The U.S. stock markets closed stable on Thanksgiving, with the Dow rising 0.27% to 35,383 (from 35,287), and the S&P decreasing to 4,557 (from 4,560). Global equity markets showed mixed performance. The VIX, measuring U.S. stock market volatility, dropped to its lowest close since January 2020, reaching 12.46, a 2.7% decrease. Increasing expectations suggest that central bank tightening measures have concluded, contributing to calmer stock markets.
TVC:DXY
by damasbryant
DXY is Ready to Go UP🚀🏃‍♂️The DXY index is moving in the 🟢 Support zone($103.78_$102.93) 🟢 near the SMA(200) and 1 00_SMA(Weekly) . 🕯If we want to look at the last three daily candles of the DXY index from the candlestick pattern, we can see the reversal patterns of Hammer and Morning Star very well. 💡Also, another sign that shows us the end of the downward trend of the DXY index is the Falling Wedge Pattern in the RSI indicator .👇 🔔I expect the DXY index to trend higher in the coming days and attack the 🔴Resistance zone($105.88_$104.630)🔴 again. U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
6
DXY Preparing for Another Leg Down! Grab This Next Short Entry!DXY confirmed its breakout from the bull channel to the downside and is currently showing some minor support at the 200EMA. I would expect the price gap from here to the 9EMA at 105.000 to close followed by another leg down. We have to be careful to not get caught in a 2 legged trap, which is also a possible outcome at this level. How do we trade this? Wait for a sell signal at the 9EMA with a strong bear bar closing on or near its low before entering a short. Key Points 1. 200EMA Showing Some Support 2. Two Pushes down, Third Probable 3. Gap to fill to the 9EMA around 105.000. 4. Look for another Short entry at 105.000 with a sell signal You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
TVC:DXYShort
by TraderEngineering
DXY → Extra losses look likely below 104.00TVC:DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday. The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
TVC:DXYShort
by tradingconmike
After inflation, the US dollar will increase sharply next weekThe US dollar was barely changed in early European trading on Tuesday ahead of the latest inflation data that could determine the direction of US monetary policy, while sterling rose as investors British workers continue to benefit from healthy wage increases. At 3:10 a.m. ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading virtually unchanged at 105.516. Trading was largely confined to a narrow range on Tuesday as traders cautiously awaited the release of the US consumer price index at the end of the October session, a number likely to boost sentiment. believe. Book}} meeting. Analysts expect annual revenue growth to rise 3.3% year-over-year, down from 3.7% in September, while also expecting a 0.1% increase over the month, lower than the 0.4% increase observed last month. Some Fed officials, including Chairman Jerome Powell, have warned that persistent inflation could cause the central bank's interest rates to rise further and any signs that prices are harder to come by than expected ​are all likely to sharply increase bets on rising interest rates. US central bank. Higher interest rates - a scenario that bodes well for the dollar.
TVC:DXYLong
by AstronautPioneer
DXY$ Shorts from 105.800 down towards 105.200As expected our last week scenario (A) played out perfectly like we anticipated which was seeing a bullish reaction from the 4hr demand. For this week's bias we are still temporarily bearish with the dollar as it's approaching a clean 14hr supply zone. As soon as it gets tapped in I will be waiting for my lower time frame confirmation i.e. a Wyckoff distribution schematic and a clean CHOCH to the downside. I would preferably wait for the asian high to get swept inside the zone before looking for a drop in the dollar index. I am bullish long term but, as price has broken structure a few times to the downside I would like to catch sells down towards the next demand at least. My confluences for DXY$ Shorts are as follows: - Price approaching a 14hr supply zone that has broken structure the downside. - Imbalances have fully been filled and momentum has slowed down (good sign for a reversal) - Huge trend line left way below that price would want to grab and theres also lots of liquidity below to target as take profit levels. - In order for price to keep pushing up it will need to enter a level of demand, so as of now we will be trying to catch sells down towards a demand. P.S. Only if my extreme 7hr supply zone gets violated, we will then know if price wants to continue in its bullish trend or not. But as of now I see price dropping more due to the perpetual BOS's. Also, as the dollar is a direct negative correlation to most of my pairs, the bias will suggest a bullish move to take place for EU, GU and gold If DXY$ decides to continue bearish.
CAPITALCOM:DXYShort
by Hassan_fx
1
The Alarming Volatility of the US Dollar – A Call to Action The recent turbulent fluctuations witnessed in the strength of the US Dollar have left experts bewildered and traders on edge. As we navigate through these uncertain times, it is crucial that we take a moment to pause and reevaluate our trading positions before potentially exposing ourselves to unnecessary risks. The unprecedented volatility of the US Dollar has sent shockwaves across the global financial markets, stemming from a multitude of economic, political, and social events. These complexities have made it exceedingly challenging for even the most experienced traders to predict or decipher the future direction of the dollar accurately. The sudden shifts and erratic movements have destabilized not only its inherent value but also significantly influenced the correlation with other major currencies. Given the circumstances, I implore you all to reflect upon your current dollar trading strategies. It is paramount that we reassess the potential risks and rewards associated with trading the US Dollar in the present climate. As responsible traders, it is vital to exercise caution and adjust our positions accordingly, considering the magnitude of uncertainty that envelopes the dollar's market stability. I strongly encourage you to undertake a thorough analysis of your portfolios, taking into account the potential consequences of sustained volatility and the possible ripple effects on other currencies and financial assets. It is prudent to diversify your holdings, exploring alternative investment options that may help mitigate the potential risks associated with the current dollar turbulence. In these challenging times, it is crucial for us to remain vigilant, responsible, and adaptable in our approach. By taking a pause and reevaluating our dollar trading strategies, we can safeguard our investments and insulate ourselves from sudden and adverse market movements. Remember, preserving capital is equally as important as pursuing profits.
TVC:DXY
by bryandowningqln
DXY trending higher following Fed stance and BOE influence stancAfter the latest monetary policy meeting, financial markets reacted to statements from US Federal Reserve Chairman Jerome Powell and the Bank of England (BoE). These reactions led to large changes in bond yields and the value of the dollar. Even though the Fed maintained its hawkish stance after the Federal Open Market Committee (FOMC) meeting, markets tended to interpret Powell's comments cautiously. Despite recognition of the US's strong economic performance, concerns about tightening financial conditions and questions about the reliability of scatterplots have led to suggestions that US interest rates may have peaked. There is. This sentiment has led to lower bond yields and a drop in the value of the dollar. In contrast, three out of nine Monetary Policy Committee members at the BoE meeting supported a 25 basis point rate hike. However, rising UK unemployment and a forecast of zero growth in 2024 pose major challenges, with GBP/USD moving above previous support/resistance levels as the dollar weakens and US yields fall. Rose. Despite these developments, the pound's upward momentum remains limited. Interest rate forecasts suggest the Bank of England will not consider cutting rates until the third quarter of next year. This is slower than the Fed's market expectations (now revised to Q2 2024).
TVC:DXYLong
by NicoTradingMaster