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Dxyindex

DXY Analysis. Crazy week incoming!!!Hello Everyone. I want share my idea about USD Index. After big and strong downtrend dollar found strong buy LVL and from here it started uptrend but at high timeframe we see its still bearish. Friday we saw strong sell but its looks like new low, i think the little bullish trend will continue, it touch weekly trendline or daily resistance, and then we will see another strong bearish movement. This trend started after unemployed/employed rate news, next week is more crazy, we have month cpi and other big news. My price prediction is 2 side and simple. 1 Bullish - price has big reaction on this daily trendline, it brake daily resistance and weekly bearish trendline, then retest that zone and price is going up side. 2 Bearish - price going to weekly bearish trendline, from here it has big rejection and price coming down again, braking July low and test second big weekly resistance at 98.000 LVL. Be Patient!!! Next week will be full of manipulations, Be carefully!!! Good luck everyone!!!
TVC:DXYShort
by elmakacho
1
DXY 30Min Support and Resistance ZoneIn the realm of trading, every move matters, and the DXY 30-minute chart holds vital clues. Join us as we delve into the technical intricacies, uncovering the critical support and resistance levels that can shape trading decisions. Support Levels: 101.7016: The primary foundation. A bounce from here could trigger a potential upward move. 101.5525: A step deeper into support. Watch closely for possible shifts around this level. 101.3313: The lowest support. If breached, it might hint at a more significant trend change. Resistance Levels: 102.4500: The immediate challenge. A breakthrough here could pave the way for further upward momentum. As always, keep in mind that markets are dynamic and can change rapidly. These levels are guides, not guarantees. Consider broader market factors, and use these technical levels wisely in your trading strategy. Stay vigilant and happy trading!
CAPITALCOM:DXY
by enclavefx_Analaysis
75: DXY's Reclaimed 102.6: Eyes on Long Positions around 102.4Greetings, traders! 📊📈 A new chapter is unfolding in the world of the DXY (US Dollar Index) as it resurfaces above the 102.6 mark. This resurgence has ignited discussions about potential long opportunities near the 102.4 region, presenting an intriguing prospect for those closely monitoring this market movement. 🔀 Shift in Dynamics: With the 102.6 level now back in play, the landscape is shifting. This pivotal juncture, now functioning as a support-turned-resistance, signals a renewed bullish sentiment. Coupled with the proximity to the 102.4 zone, previously holding as a support, the stage seems set for potential long positions to come into play. 📉 Analyzing the Context: For those considering a long play, it's essential to stay attentive to the prospect of a pullback toward the 102.4 area. This could be an opportune entry point, especially if accompanied by encouraging bullish confirmations such as robust candlestick patterns or indicators signaling an upward trajectory. 🎯 Strategizing for Profits and Risks: As you craft your long strategy, mapping out profit targets around significant resistance levels or recent highs is prudent. Pair these targets with a well-placed stop-loss, likely positioned below the 102.2 level, to mitigate risk and cushion against potential adverse market movements. 📆 Event Sensitivity: Maintain vigilance over forthcoming economic events or announcements that might sway the DXY's course. These factors, combined with the broader market sentiment, can play a pivotal role in shaping the outcome of your long-trade scenario. 🚧 Ready for Contingencies: In the unpredictable realm of trading, having a contingency plan is a must. Should the DXY falter and dip beneath the 102.4 support, being prepared to reassess and recalibrate your trading approach is crucial. 📖 Unending Learning Journey: Remember, the path of a trader is one of perpetual learning and adaptation. Take advantage of this opportunity to refine your technical analysis skills and deepen your grasp of market intricacies. Disclaimer: This post is intended for educational purposes only and should not be construed as financial advice. Always conduct thorough research and seek guidance from financial professionals before executing any trading decisions. Wishing you all success on your trading endeavors! 🚀📈📊
TVC:DXYLong
by Soldi75
⚠️DXY will go DOWN(Short term)⚠️As I expected in the previous post, DXY reached the resistance lines.✅👇 💡If you look closely at the chart, you will notice that DXY is moving in an Ascending Channel . 💡It seems that DXY failed to break the resistance lines. 💡Also, we can see Regular Divergence(RD-) between consecutive peaks. 🔔I expect the DXY will go DOWN at least to the lower line of Ascending Channel. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-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
33
DXY Hits a 3-Week High Following Fitch US DowngradeBrace yourselves because the DXY has just hit a 3-week high, thanks to the recent Fitch US downgrade. Talk about an unexpected twist, right? Now, let's dive into the details. Fitch Ratings, the renowned credit rating agency, has downgraded the United States' credit rating, causing quite a stir in the market. As a result, the US dollar has emerged as a haven for investors seeking stability amidst uncertainty. Isn't it fascinating how the market reacts to unexpected events? But that's not all! This turn of events presents a golden opportunity for traders like you to capitalize on the situation. With the DXY soaring, it's time to consider going long on the US dollar. By doing so, you can potentially benefit from its current haven status and ride the wave of this unexpected surge. So, here's your call to action: seize this opportunity and consider going long on the US dollar. Keep a close eye on the market trends, analyze the charts, and make informed trading decisions. The profit potential is knocking at your door, and it's time to answer! Remember, surprises like these are what makes trading so thrilling. Stay vigilant, stay informed, and don't hesitate to take calculated risks when the market throws unexpected curveballs your way. As always, please conduct thorough research and analysis before making trading decisions. Market conditions can change rapidly, so staying updated and adapting your strategies is essential.
TVC:DXYLong
by bryandowningqln
What do we expect from the DXY index this week❗️❓🚀The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻. 💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA . 💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a Bear Trap. 🔔I expect the DXY to have a bullish trend this week and ⚔️attack⚔️ the resistance lines. 📚In general, I try to show you all the points of technical analysis on the chart, which also has an educational aspect(I apologize for the busy chart).📚 U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-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:DXYLong
by pejman_zwin
27
Have DXY bottomed?Since the top from October last year, DXY has been in a strong down trend. However, considering the trend started back in May 2021, this is only a correction, in fact, it even stopped at the 0.618 Fibo. The recent drop under 101 support was, in fact, a false break, one more reason to believe the Usd index found its bottom. At this moment Dxy is trading in a confluence resistance: a recent low, and the falling trend line from the top, and a correction could follow. This potential correction should be considered a good opportunity to sell Usd pairs and my main focus is on EurUsd and GbpUsd. Only a drop back under 101 would change my bullish outlook for the index (bearish Usd pairs)
TVC:DXYLong
by Mihai_Iacob
31
DXY ShortThe DXY US Dollar Index, which measures the value of the US Dollar against a basket of major currencies, has recently experienced a bearish move, declining from the level of 102.500 to 102.750. This analysis will explore the factors contributing to the bearish sentiment and the potential reasons for the index's downward movement in the specified price range. Dovish Federal Reserve and Interest Rate Expectations: The US Federal Reserve's monetary policy stance plays a significant role in influencing the US Dollar Index. If the Federal Reserve signals a dovish approach, with potential hints at keeping interest rates lower for an extended period, it could reduce the attractiveness of the US Dollar to investors seeking higher returns. This could result in downward pressure on the DXY Index as market participants seek alternative investments with higher yields. Global Economic Recovery and Risk Appetite: As the global economy recovers from the impacts of the COVID-19 pandemic, risk appetite among investors tends to increase. During such times, market participants may shift towards riskier assets and higher-yielding currencies, leading to a sell-off in safe-haven assets like the US Dollar. The improvement in economic indicators worldwide could further dampen demand for the US Dollar, causing the DXY Index to move lower. Trade Balance Concerns and Geopolitical Risks: A significant factor affecting the US Dollar Index is the US trade balance. If the US trade deficit widens or there are concerns about escalating trade tensions with other countries, it could weigh on the US Dollar's value. Additionally, geopolitical risks or uncertainties could lead investors to seek safe-haven currencies other than the US Dollar, leading to a bearish move in the DXY Index. Technical Resistance Levels: Technical analysis of the DXY Index may reveal the presence of resistance levels around 102.500---102.750. If the index encounters selling pressure at this level due to technical factors or the convergence of key moving averages, it could trigger a bearish reversal, leading to a decline in the index's value. Inflation Concerns and Fed Policy Response: Persistently high inflation could lead to concerns about the purchasing power of the US Dollar, prompting market participants to anticipate a more aggressive response from the Federal Reserve, such as raising interest rates. In such a scenario, the US Dollar could face headwinds, resulting in a bearish move in the DXY Index. Conclusion: Considering the dovish Federal Reserve stance, improved global economic conditions, trade balance concerns, technical resistance levels, and potential inflation-related uncertainties, the DXY US Dollar Index is likely to continue its bearish move from the 102.500 to 102.750 levels. Traders and investors should closely monitor relevant economic data, central bank announcements, and geopolitical developments to gauge the strength of the bearish trend and make informed trading decisions.
TVC:DXYShort
by realtrademaster
1