#DXY is on the support #dollarindex is growing and this is not good for markets. #dxy is closed on both trend and ichimoku support on last friday. War broken out in Israeli - Palestine lands and we may expect further move of #dxy with this monday opening. If Dollar Index breaks the support downwards, then markets will plant green candles for days.
NOT FINANCIAL ADVICE. Dyor.
Dxyindex
DXY will Fall by Head and Shoulders Pattern⏰(1-Hour)⏰✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴.
🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago.
🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time 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 be glad to see your ideas in this post.
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Potential for Continued Rise in US Dollar as Bond Yields SpikeBond yields have been on the rise lately, and this trend may continue in the near future. As a result, it is crucial to approach the situation with caution and consider the potential opportunities it presents.
The correlation between bond yields and the US dollar is well-established. When bond yields increase, it often attracts foreign investors seeking higher returns, leading to an appreciation in the value of the US dollar. Given the recent spike in bond yields, it is reasonable to anticipate a continued rise in the US dollar's value.
However, it is important to note that market dynamics can be unpredictable, and various factors can influence currency movements. Therefore, I encourage you to exercise prudence and conduct thorough analysis before making any trading decisions. Here are a few factors to consider:
1. Monitor Economic Data: Keep a close eye on economic indicators such as inflation rates, employment figures, and GDP growth. These data points can provide insights into the overall health of the US economy and its potential impact on the currency.
2. Central Bank Policies: Stay informed about any shifts in monetary policies by the Federal Reserve. Changes in interest rates or quantitative easing measures can significantly influence the US dollar's trajectory.
3. Global Events and Geopolitical Risks: Consider geopolitical developments and their potential impact on the US dollar. Factors such as trade tensions, political instability, or unexpected events can create volatility in the currency markets.
Considering the potential for the US dollar to continue its rise, it may be prudent to explore long positions on the currency. However, I strongly urge you to conduct thorough research and consult with your financial advisors before making any investment decisions. Remember, trading involves inherent risks, and it is crucial to carefully assess your risk tolerance and financial goals.
As always, it is essential to stay updated with the latest market news and trends. By staying informed and adopting a cautious approach, you can navigate the currency markets more effectively.
Wishing you successful trading ahead!
DXY index bottom and BTC topINDEX:DXY
Possible Targets and explanation idea
➡️weekly (even yearly) FIB top for DXY now we are in a downtrend
➡️last move on DXY will be around 107-109 than down till 2025-2026
➡️Bottom for DXY will be around 92
➡️The same time historically its will be the new high (not for sure ATH) for BTC
➡️After that we will start new bear market in crypto
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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DXY - Dollar Update TVC:DXY
With what am seeing on the chart, there is a 60% possibility that DXY will take out this 4 hour time swing low, which is also the recent low on daily.
This automatically means currencies paired against the dollar like EURUSD, GBPUSD, AUDUSD etc, will be bullish for today.
However, DXY is still bullish, the drop is just a retracement to take out sell stops liquidity.
How dollar react after taking out the low will determine what our next bias will be.
DXY - Elliott Wave CountDXY - Elliott Wave Count
DXY - On the Daily charts, DXY displays a clear ABC Wave formation, indicating that the market is likely to undergo a significant correction with Wave C toward the 100 to 95 range. this down move will boost metals & indexes upwards. It is advisable to exercise caution when considering long positions in dxy. However, if the market breaks above 108, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
TVC:DXY CAPITALCOM:DXY INDEX:DXY
DXY/USD ~ Flat Bottom Pattern + Inverse H&S (15min)TVC:DXY developing flat bottom pattern after rejecting upper parallel channel + potential inverse H&S pattern, TBC.
Inverse H&S Playbook (Long):
- Break above 200MA/38.2% Fib/descending trend-line confluence
- Reject 50% Fib/overhead supply (white box) confluence then bounce off 38.2% Fib to create the "Right Shoulder"
- Re-test & break (hold) above overhead supply confluence to activate inverse H&S pattern
- TP 1st target = ~107.70-108 21st Nov 2022 wick top/supply (red box)
Inverse H&S breakout also coincides w/ break above ascending parallel channel.
Flat Bottom Bear Break Playbook (Short):
- Break below horizontal "Flat Bottom" line to re-test middle trend-line (dark blue/dashed)
- Failed re-test of Flat Bottom &/or middle trend-line validates Bearish price action
- Moving averages (esp. 200MA) act as dynamic resistance, pushing price action towards lower parallel channel
- TP 1st target = ~106-105.70 (green box)
DXY Reversal Based on historical pattern Hi Guys,
JUst for the Education purpose, found one interesting pattern in history which might be very worth looking at TVC:DXY charts
Lets look at this chart where i have market how DXY reversal might Play out
www.tradingview.com
This pattern i found which has similar or should i exact same character
Watch this in Hourly TF
its same pattern senario .
DXY MY VIEW 60 MIN TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Celebrating the Bright Future of the US Dollar! 🌞I bring you fantastic news that will surely make your day even brighter. The upcoming job report expect to have an impressive addition of 150,000 new jobs, coupled with a lower unemployment rate. This remarkable achievement will set the stage for an exciting journey ahead for the US dollar!
The US economy continues to demonstrate its resilience and strength, and these latest figures are a testament to that fact. With each passing day, the US dollar is becoming an even more attractive investment opportunity. As traders, it is essential to recognize and seize the potential this brings to our portfolios.
So, what does this mean for you? It's time to consider a long position on the US dollar! The positive job report signals a favorable market sentiment and reflects the growing confidence in the US economy. By taking advantage of this upward trend, we can position ourselves to reap the benefits of a strengthening US dollar.
Here are a few compelling reasons why you should consider going long on the US dollar:
1. Economic Growth: The addition of 150,000 new jobs indicates a robust and expanding economy. This growth is likely to fuel increased consumer spending and business investments, further bolstering the value of the US dollar.
2. Lower Unemployment: The decrease in the unemployment rate signifies a healthier labor market, which translates into higher wages and increased consumer confidence. As disposable incomes rise, so does the demand for goods and services, ultimately benefiting the US dollar.
3. Global Safe Haven: In times of uncertainty, the US dollar has historically been a safe haven for investors. With its strong economic fundamentals and stable political environment, the US dollar is likely to attract capital flows, driving its value higher.
Now is the time to act! As traders, we have the opportunity to capitalize on this positive news and optimize our investment strategies. By going long on the US dollar, we position ourselves to potentially unlock substantial gains in the future.
Remember, successful trading requires staying informed and making well-informed decisions. Keep a close eye on market trends, economic indicators, and geopolitical events that may impact the US dollar's performance.
Let's embark on this exciting journey together, riding the wave of optimism and prosperity that lies ahead. Long live the US dollar!
DOLLAR INDEX DXY The dollar index extended gains to above 107, its most substantial level since November, and tracking Treasury yields higher, as hawkish comments from Fed officials continue to strengthen the expectation that interest rates will remain elevated for an extended period. Meanwhile, economic data continues to signal a resilient economy, with the ISM Manufacturing PMI indicating the most minor contraction in factory activity in nearly a year for September. Several labor market indicators, including the upcoming payroll report and further comments from Fed officials, will be closely watched in the coming days. The dollar strengthened against all major currencies, with the most pronounced buying activity against the Aussie, after the Reserve Bank of Australia held interest rates steady. The greenback also appreciated against the Japanese yen and the British pound.
The United States Dollar Index or DXY measures the performance of the dollar against a basket of other currencies including EUR, JPY, GBP, CAD, CHF, and SEK. The EUR is, by far, the largest component of the index, making up 57.6% of the basket followed by JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), and CHF (3.6%).
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What about DXY and the effect on BTC?There are several factors that could contribute to a sharp increase in the value of the US dollar in the future:
Strong economy: If the US economy is doing well compared to other economies, it can boost confidence in the US dollar and attract investors. Strong GDP growth, low unemployment, high investment and innovation may be factors contributing to increased demand for dollars.
Higher interest rates: An increase in interest rates by the US central bank (Federal Reserve) may increase the attractiveness of the US dollar. Higher interest rates can attract capital from other countries and boost demand for dollars, which could lead to dollar growth.
Geopolitical instability: In the event of political or geopolitical uncertainties, such as conflicts, trade disputes or global crises, the US dollar can be seen as a safe haven. In such situations, the demand for dollars could increase, which could result in an increase in its value.
Dominance of the dollar in the international market: The US dollar is still the most used reserve currency in the world and the main currency for international trade. If this dominance continues, it may strengthen the dollar's position and contribute to its growth.
A rise in the value of the dollar can affect the price of cryptocurrencies, including Bitcoin (BTC), in several ways:
Inverse relationship: There is a tendency for the value of the dollar and the price of cryptocurrencies to have an inverse relationship. This means that if the value of the dollar increases, it can result in a decrease in the price of cryptocurrencies, including Bitcoin. This is because investors may turn to stronger traditional currencies such as the dollar and leave riskier assets such as cryptocurrencies.
Currency Pairs: If the dollar strengthens against other currencies, it may affect trading between cryptocurrencies and those other fiat currencies. For example, if the value of the dollar increases against the euro, then the value of Bitcoin in the BTC/EUR exchange rate may decrease.
Global Economic Factors: A rise in the value of the dollar may be a result of a strong US economy, which may signal the risk of lower volatility and less uncertainty. This may cause some investors to prefer traditional assets such as the dollar instead of cryptocurrencies, which are considered riskier.
So what friends? are you still going to feed this money machine?
Try my indicator for trading and generally keep an eye on things
DXY (Dollar Index) is ready for a downfallHi Everyone
The DXY is the back bone for all the investments including crypto
The DXY and the USDT domination is showing weakness confirmed by mathematical modules and analysis, I expect a rise for all major markets (Commodity, stock and crypto)
I hope you Enjoy the ride
Good luck Everyone
DXY - 02/10/23TVC:DXY - 02/10/23
**Trade setup:** Still looks very bullish, but the X in green is telling me the trend is getting weaker!
Coming into a SUPPLY zone made in DEC so were getting stopped here but looking to break out of it on the day chart!
If we can get above here it will take out the two red imbalances from last NOV and try the high at $114, this is running with BTC atm so a pullback here will probably mean worse for BTC!
I will be looking for the high to be broken to trade higher here and looking for a pullback!
Now the targets are below:
**Bullish target:** $109 then $111 to clear out imbalance if broken at $106
**Bearish target:** $103 if we fail to make a new high and break above $106
**Supply and Demand**: The nearest Demand to keep us up is $100. The next Supply is $114.
DXY| I GUESS THERE IS MORE ROOM FOR DEEP PULLBACK AT 105:30 AREADollar index 4H pull backed supply zone area at 106.30 which am looking a one more leg to the downside to retest 105.30 price level. on the other side, if price now resumes it's rally then i will be looking bearish entries from the top.
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$DXY Quarter 3 (Q3) AnalysisThe U.S. Dollar Index had a bullish Q3 and has been bullish month after month. There is a bullish bounce off the EMA ribbon with $101 acting as a strong support level. I believe DXY is headed towards the top of the Bollinger Band with wicks forming above at approximately $112-114 (marked by the white circle).
🏆Holy Grail🏆 Shows the DXY Index will increase🚀🏃♂️The DXY index has been moving above the Uptrend line for more than 2 months .
✅ The DXY index managed to break the 🔴 Resistance zone($105.8-$104.5) 🔴 last week.
↘️ In the last week, we saw the DXY pull back to the 🔴 Resistance zone($105.8-$104.5) 🔴.
🏆Today, I analyzed the possible trend of the DXY Index for the coming week using the 🏆Holy Grail Strategy🏆 .
📚Getting to know the 🏆Holy Grail strategy🏆
Holy Grail is one of the strategies described by Linda Raschke and Laurence Connors in their book “Street Smarts”. The name of the strategy is mocking because it is super simple. It suits timeframes from M1 to MN and any instrument in Forex, futures, and stock markets.
The desktop of the strategy consists of one simple Exponential Moving Average (20), applied to Close prices, and the ADX indicator with standard parameters and the marked level 30.
The idea of the strategy is that ADX shows the strength of the trend on a certain period. Some traders think that a reversal of this indicator top-down signals a trend reversal but this is not always true, the correctness of this idea depends on whether we are trading in a flat or trend. We do not care about flats, so this is what the EMA (20) is necessary for: its slope shows the direction of the current trend.
📚A signal to buy
A signal to buy by the Holy Grail forms when ADX rises above 30, following the growth of the price; after that, the price must pull back to the EMA (20) and touch it. When the candlestick that has touched the EMA closes, place a buying order above the high of the candlestick with the initial Stop Loss below its low. As for the Take Profit, place it slightly below the highest local high that formed after the price pulled back to the EMA (20). If the next candlestick does not trigger the buying order, and its high turns out below the preceding candlestick, place the order above this candlestick. And if its low renews the low of the previous candlestick, place the SL below the former. Of course, ADX will be falling alongside the price. However, for the signal to be valid, ADX must not fall below 30.
🔔According to the Holy Grail strategy and the Hammer Candlestick Pattern, which indicates the completion of the pullback to the broken 🔴 Resistance zone($105.8-$104.5) 🔴, I expect DXY to have an upward trend in the coming week and can increase to the 🔴 Resistance zone($109.3-$107.7) 🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily time 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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY TVC:DXY DXY
Below white 🤍 line weekend candle close 🩸 dump 📍
Present Strong pump targeting 106.584 high level resistance 📌
Around orange 🧡 box ☑️
Expecting Strong rejection 👍
Above 108.836 weekend candle close new high 💰
6 month candle showing week to move upside 🧐
My target is 92 later bellow red weekend close it will complete downside orange 🧡 box ☑️
But takes 2-3yrs to reach
Below 📍 101.297 is good for #BTC
I don't much about #dxy ( just now btc dump it pump )
Max I use #usdtd
Any one knows how to follow this tell me ( i know just basic )
Who have knowledge on this with Crypto how to follow just comment here I will learn
I just analyse chart 📉📈
DXY (USD Index)DXY (USD Index)
DXY is a measure of the value of the US dollar against a basket of 6 major world currencies. If the DXY goes up, it means that the dollar is getting stronger.
Now DXY has broken the downtrend and is at the level of 104.17. This may indicate the growth of the US economy or a decrease in global risks.
📗Following targets are indicated on the chart with blue lines: 105.25 - 106.33 - 107.67
But how does this affect the crypto market?
First, a strong dollar may reduce investment in risky assets such as cryptocurrencies, as investors may prefer safer assets.
Secondly, with the growth of the dollar, the price of cryptocurrencies, expressed in dollars, may artificially decrease.
But remember that the cryptocurrency market is subject to its own laws and can sometimes ignore the classic laws of the financial market.
Stay connected and stay tuned!
If you like the idea, don't forget to subscribe and rate like👍
DXY PRICE EXAUSTED & TESTING HTF AREA OF VALUE TO MAY BE SELL OFI am patiently preparing myself to catch the golden bearish run as we testED HTF area of value, ofcourse it could continue pushing higher but then price should atleast pullback to HL to take liquidity .any way amnot intrested buying unless price breathes enouph to run again.
let me know what you thinkin comment section, LIKE & SHARE
Thanks