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Dxyindex

DXY, Ready to ShortThe last week DXY movement fulfilled my idea which I predicted price to hit the key level at 105.8 For the past 13 -14 weeks, the DXY has been on an ascending trend from 99.23 to 105.756. The current resistance has been a key level since 1st December 2022. Price is currently reacting on a resistance trendline of the main ascending channel since 26th September 2022. The resistance trendline coincides with the 105.834 key resistance which has historically driven the DXY down. The DXY could initiate a BEARISH WAVE first to 103.100 to retest the Daily EMA-200 & 50. The FED could consider a rate hike in the last quarter of 2023 in the midst of a possible DXY bearish waves.
TVC:DXYShort
by AbeikuGlobal_FX
1
Celebrating the Soaring US Dollar and Its Impact on Oil and the The US dollar has been on an impressive rise, leading to a remarkable domino effect on the oil market while simultaneously lowering the Euro. Let's dive into the details and explore the exciting opportunities this presents for all of us! First and foremost, let's celebrate the recent surge in the US dollar. This upward trajectory has been fueled by a combination of robust economic indicators, positive investor sentiment, and the Federal Reserve's commitment to maintaining a stable currency. As traders, we understand the significance of a strong US dollar, and it's time to capitalize on this favorable trend! The rising US dollar has an immediate impact on the oil market, as it becomes more expensive for countries with weaker currencies to purchase oil. This translates into increased demand for the US dollar in oil transactions, further driving up its value. So, let's keep an eye on the oil market and identify potential trading opportunities that can be leveraged to our advantage. Simultaneously, the Euro has experienced a decline against the US dollar. This can be attributed to various factors, including economic uncertainties, political developments, and the divergence in monetary policies between the European Central Bank and the Federal Reserve. As traders, we can seize this opportunity to capitalize on the Euro's weakness and further strengthen our positions in the US dollar. Now, let's move on to the call-to-action! I encourage each and every one of you to continue to long the US dollar, as it shows no signs of slowing down. By strategically aligning our trading decisions with this ongoing trend, we can maximize our profits and achieve extraordinary success in the currency markets. Remember, timing is crucial in the world of trading, and the current market conditions are ripe for us to make a significant impact. Stay informed, keep a close eye on the latest economic news, and utilize the tools at our disposal to make well-informed trading decisions. As always, I am here to support and guide you on this exciting journey. If you have any questions, need assistance, or simply want to share your success stories, please don't hesitate to comment. Let's make the most of this golden opportunity and continue to thrive in the world of trading! Wishing you fruitful trades and abundant profits!
TVC:DXYLong
by bryandowningqln
DXY looks tiredI've been bullish DXY since the end of July after we had the confirmation that the break down was a false one and indicated the 105.50 zone as the potential target in the medium term. The target was hit last week and now the index is consolidating and a correction could follow. However, the trend remains up and a new spike above the recent high is possible. Confirmation for a drop comes with a break under the rising wedge support in which case 104.50 could be bears' target.
TVC:DXY
by Mihai_Iacob
20
DXY, Huge Drop Incoming, H-S-Formation Completion!Hello, Welcome to this analysis about the DXY US-Dollar Currency Index and the 4-hour timeframe perspectives. In recent times the Index is forming important developments that should not be underestimated as inflation pressures on fiat and there is an inflation rate never seen since more than 35 years the DXY is setting up for a dump to the downside. Looking at my chart we can watch there how the Index is building this main head-shoulder-formation in the structure, with the left shoulder and the head completed and now in the right shoulder the Index is forming this bear-flag-formation-channel of which the right shoulder consists. In this case now when the Index finally breaks down below the neckline this will show the confirmational completion of this whole formation and the Index will set for further continuations as well as activate the target zone seen in my chart. Once the target zone has been reached it has to be elevated how the Index moves further and if there comes a potential reversal or just a devastating bearish continuation, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DXY
by VincePrince
5
USDCHF SWING SHORT DAILYhello again In the usdchf currency pair, due to the weakening of the dollar index, we can have swing transactions in the direction of selling. This symbol can be suitable for selling due to the decrease in buying momentum and the existence of a downward trend Two positions for this symbol have been displayed in the chart, which you can enter in one or both of them according to your personality. Thank you for your cooperation To find out about the signal channel, you can send your message in the messages section
Short
by jawad369
2
DXY ANALYSIS - The Dollar's Delicate BalanceThe US Dollar Index (DXY) is a measure of the value of the US dollar against a basket of currencies. It is a popular tool for traders and investors who want to track the strength of the US dollar and its impact on the global economy. Technical Analysis The DXY chart is currently in a bullish trend. The price has been rising since the beginning of the month and has broken above the 50-day moving average. The RSI is also in bullish territory, and the MACD is crossing above the signal line. The next resistance level for the DXY is the 100-day moving average. If the price can break above this level, it could continue to rise towards the 105 level. However, if the price fails to break above the 100-day moving average, it could pull back to the 50-day moving average. Fundamental Analysis The US dollar is currently being supported by a number of factors, including rising interest rates in the United States and the ongoing war in Ukraine. The Federal Reserve is expected to continue raising interest rates in the coming months, which will make the US dollar a more attractive investment. The war in Ukraine is also weighing on the euro, which is making the US dollar more competitive. Conclusion The technical and fundamental analysis suggests that the DXY is in a bullish trend LONG TERM. However, there are some risks to this view on a 30m chart, such as a failure to break a Overall, the DXY is a market to watch in the coming weeks and months. I hope this post is helpful. This analysis represents my thoughts at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
TVC:DXYShort
by YExplore
Dollar Under Pressure as Japan and China Defend Their CurrencyIntroduction: In recent times, the US dollar has faced increasing challenges as both Japan and China take measures to defend their respective currencies. This shift in global dynamics has raised concerns among traders and investors who heavily rely on the US dollar as their primary asset. However, this situation also presents an opportunity for us to reassess our investment strategies and consider diversifying our portfolios. In this article, we delve into the current state of the US dollar, the actions taken by Japan and China, and why it's time to consider allocating less to the US dollar. The US Dollar's Vulnerability: For decades, the US dollar has held its position as the world's primary reserve currency. However, recent economic developments have put pressure on its supremacy. Japan and China, two of the largest economies globally, have taken proactive steps to defend their currencies, challenging the US dollar's dominance. Japan's commitment to maintaining a weaker yen and China's efforts to stabilize the renminbi have created a more balanced global currency landscape. The Rise of Japan and China: Both Japan and China have demonstrated their determination to protect their currencies. Japan's monetary policies, such as negative interest rates and quantitative easing, have contributed to a weaker yen, boosting its export competitiveness. China, on the other hand, has implemented measures to stabilize the renminbi, preventing excessive depreciation and promoting stability in international trade. The Benefits of Diversification: While the US dollar remains a significant player in the global economy, recent events highlight the importance of diversifying our investment portfolios. Allocating less to the US dollar and exploring alternative currencies can provide numerous benefits, including: 1. Reduced Risk: Diversification allows us to spread risk across different currencies and economies, mitigating the impact of any potential downturn in the US dollar. 2. Increased Opportunities: By diversifying, we gain exposure to emerging markets and currencies that may offer higher growth potential, providing us with new investment opportunities. 3. Enhanced Resilience: A diversified portfolio is more resilient in the face of currency fluctuations, economic uncertainties, or geopolitical events, ensuring our investments remain stable over the long term. 4. Improved Returns: Diversification helps us capture the potential gains from different currencies, reducing the reliance on a single currency's performance. Call-to-Action: Embrace Diversification Today! As traders, we have the power to adapt to changing market conditions and seize opportunities when they arise. The current scenario, with Japan and China defending their currencies, presents an ideal moment to reassess our investment strategies and allocate less to the US dollar. Consider exploring alternative currencies such as the yen or renminbi, which offer potential benefits and diversification advantages. Additionally, explore other investment avenues like emerging markets or commodities, which can further enhance the resilience and growth potential of your portfolio. In conclusion, let us embrace this shift in global dynamics as an opportunity to diversify our portfolios, reducing our reliance on the US dollar. By embracing diversification, we position ourselves for greater resilience, increased opportunities, and improved returns. Now is the time to act and adapt our investment strategies to navigate the evolving global currency landscape successfully.
TVC:DXYLong
by bryandowningqln
1
🚨DXY Index is Ready to Fall🚨(1-hour)🏃‍♂️The DXY Index is moving in a 🔴Heavy Resistance Zone🔴. 🌊According to the theory of Elliott waves , the DXY index is near the end of five impulsive waves . 🔔I expect wave 5 to end near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and start to fall. DXY Index Analyze ( DXYUSD ), 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYShort
by pejman_zwin
16
Dollar Index ($DXY): "The next Step"At the beginning of the year I already showed my idea about the upside potential of the US dollar (see chart below), and today I can only confirm what I said earlier. If from a technical point of view, my idea continues to be bearish on stocks markets, these considerations of mine could also have a logical sense and the scenario shown on chart could really happen. In my previous analysis (February 2023) I showed the potential dollar rally from the area around $101, hence the Price Action showed something like a "Double Bottom" Pattern on daily and intraday chart: (Click & Play on Chart below) If we look at the S&P500 index over the long term, from a technical point of view, it may have completed a first bull cycle that started way back in 1872: (Click & Play on Chart below) At the same time, this potential "Perfect Storm" should also affect the real estate sector in the mid-term, with a contraction in prices (U.S. Case Shiller Home Price): (Click & Play on Chart below) ...what's your opinion about this analysis? Trade with care! Like if my analysis is useful. Cheers!
TVC:DXYLong
by TheAnonymousBanker
16
DXY, to continue its upward swing to 105.843DXY is on its path to continue the upwards string since it broke out of its descending channel since 24th August, 2023. Price has continued its new ascending channel for the past 8 weeks. Last week's fundamental on new unemployment claims strengthen the course of the dollar which is currently consolidating above the resistance trendline of the ascending channel. The consolidation above the 104.643 support could build more buying power that can propel the movement up to 105.834 and potentially to 107.342 depending on the outcome of the fundamentals for the week. Important fundamentals coming; Wednesday : CPI Thursday: PPI, retail sales and unemployment claims Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment
TVC:DXYLong
by AbeikuGlobal_FX
1
BTC's Dip Below 200 SMA Trendline and US Dollar's Resilience I wanted to bring to your attention the recent developments in the cryptocurrency market, particularly the decline of Bitcoin (BTC) below the 200 Simple Moving Average (SMA) trendline. Simultaneously, the US dollar has been gaining strength, hitting a six-month high. This aims to provide a neutral analysis of these events and suggests a potential trading strategy. As many of you know, the 200 SMA is considered a critical technical indicator that helps identify the overall trend of an asset. BTC's recent dip below this trendline is an important signal, indicating a potential shift in its long-term bullish sentiment. While this does not guarantee a prolonged downtrend, it is essential to consider this development in your trading decisions. Coinciding with BTC's decline, the US dollar has shown resilience in the global markets, reaching a six-month high. The strengthening of the US dollar can be attributed to various factors, such as positive economic indicators, rising interest rates, or geopolitical uncertainties. Regardless of the reasons, it is crucial to recognize the potential impact this could have on the cryptocurrency market. Considering these developments, we encourage you to consider a trading strategy that involves longing the US dollar index (DXY) while simultaneously shorting BTC. This strategy aims to take advantage of the US dollar's strength while potentially capitalizing on BTC's recent dip below the 200 SMA trendline. However, this does not provide financial advice or guarantee specific outcomes. The cryptocurrency market is highly volatile, and trading decisions should always be based on thorough analysis and risk management. We recommend researching and consulting with financial professionals before making trading decisions. As always, it is crucial to stay informed about market trends, monitor key technical indicators, and adapt your trading strategies accordingly. Remember to implement appropriate risk management techniques and set stop-loss orders to protect your capital. If you have any questions or require further assistance, please do not hesitate to comment. We are here to provide guidance and support to help you navigate the ever-changing cryptocurrency market.
BITSTAMP:BTCUSDShort
by bryandowningqln
2