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Dxyidea

US-Dollar possible next big movesHi! First of all: it's a personal, purely technical view without taking news or economic miracles into account! or an alien invasion... your opinion on this is very welcome in the comments! Part 1: way up let's switch to a smaller time frame to see why I think it would be possible There is still a key level from the last up move in 2014 that has not been tested again. I could imagine this will happen before we see another upward movement. this key level is also in the range between 78.6 and 88.2 fibonacci. anyone who knows a bit about fibonacci, knows that the market likes to hit this area again before major movements happen. mostly ... not always but often. if this happens and the market does not break through here, the way could be free to go upwards. Part 2: way down here i take the same principle - just rotated there is still the level of the high between 2000-2002 which has not been retested. here again the fibonacci with the same levels. only rotated this time. the range between 110 and 115 would be a very good short entry for me. because there could be a really tough resistance. if the market goes above 121, we can look forward to more golden times. if not... Michael Burry gets his next big short. the only question would then be how far the usd can fall. the target area at -27 Fib is only a guess! maybe someone already sees possibilities! maybe I'm completely wrong? we will see... thanks for reading and have a nice day not a trading recommendation or a investment advice just my own opinion
TVC:DXY
by UnknownUnicorn5327114
DXY forecast **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
TVC:DXYShort
by GWBFX
3
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