DXY Pull Back EntryRally base drop as some of you say make it simple and fun....And you know EURUSD and the Dollar Index are inverse so if the dollar index is dropping then the EurUsd id gonna sky rocket
Dxyindex
Beware of Relying on Dollar Price Moves to Predict Bitcoin's FutThe inverse relationship between the US dollar and Bitcoin has long been a reliable indicator for traders seeking to gauge the potential movement of the cryptocurrency market. Historically, when the dollar strengthened, Bitcoin tended to experience a decline, and vice versa. This relationship allowed us to make informed decisions and manage our portfolios effectively. However, it is essential to recognize that the dynamics of this correlation have started to shift, posing potential risks to our trading strategies.
Over the past months, we have witnessed instances where the US dollar has weakened while Bitcoin continued to soar to new heights. This decoupling of the two assets challenges the reliability of the inverse correlation we have grown accustomed to. While it is tempting to continue relying on this relationship, doing so mindlessly may lead us astray and result in significant losses.
Therefore, I strongly urge you to exercise caution and refrain from using dollar price moves to indicate Bitcoin's future direction. Instead, let us analyze the underlying factors that drive the cryptocurrency market, such as market sentiment, regulatory changes, technological advancements, and institutional adoption. By adopting a more holistic approach to our trading strategies, we can better position ourselves to successfully navigate the evolving landscape of digital currencies.
In light of these developments, I encourage you to diversify your sources of information and stay updated with the latest market news and expert opinions. Engage in meaningful discussions with fellow traders, share insights, and challenge conventional wisdom. By fostering a community that embraces critical thinking and adaptability, we can collectively navigate the uncertainties of this ever-changing market.
Remember, the cryptocurrency market is highly volatile and subject to various external influences. Relying solely on the inverse correlation between the US dollar and Bitcoin is no longer reliable. Let us be vigilant, open-minded, and proactive in our approach to trading.
If you have any questions or concerns, please do not hesitate to comment. Together, we can navigate these challenging times and adapt our trading strategies to ensure long-term success.
DXY doesn't look too happy below 100Last week the US dollar index (DXY) closed at a 15-month low and beneath 100 for the first time since April 2022. Yet subsequent price action has seen a lack of conviction form bears, allowing prices to form a double bottom just above the March 2022 high and close with a Spinning Top doji yesterday.
Given US yields are showing signs of stability (and hinting at a move higher themselves), it seems reasonable that the US dollar is due a corrective bounce over the near-term which brings 100.5 and the April low into focus for bulls.
A break beneath the March 2022 high invalidates the bearish bias, but this could be raised to the recent swing lows if we see a decent break (or daily close above) 100.
DXY AnalysisAs DXY has Rebalanced By getting into Prem. and Also that Volume Imabalnce, Would like it to
make its way to that Weekly BISI
Dxy and Impact on BTC and CryptoWednesday 26th July
DXY is on a roll and up to a green TD 6 count.
The candle is green so far.
SO we shouold be seeing more strength in the DXY over the coming week, and more downward pressure on price of BTC, crypto and other risk assets.
Also the Fed will be making an interest rate announcement tomorrow. If they raise, more strength again in the DXY, but is already probably priced in.
Happy sailing crypto pirates.
f.banksters
Snake Plissken clockin out
DXY - there is a place to fallHello everyone. Today we will analyze the DXY index of the US dollar. Based on the chart, the price formed something similar to the "cup with handle" pattern and broke through an important level of 100. Now DXY has gone to retest this level and in the near future we are waiting for a downtrend. I expect a price with such a history of about 90. Also, the news background is not on the side of DXY: in one of its reviews, Bloomberg indicated that at the moment the short positions of asset managers relative to DXY are at record values.
What do you guys think about DOLLAR?Hey traders, here is the analysis for the DXY. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
U.S.Dollar Currency (DXY) 💵Dollar Forecast Loaded with Volatility Potential but Can It Find a Trend?
The Dollar has put in for a significant retreat these past few months, but recent bearish progress has come at a much more reserved tempo
Event risk ahead is dense and may overlap in terms of market-moving potential, particularly between Tuesday’s CPI and Wednesday’s FOMC decision
Market liquidity and seasonal influence will be a critical consideration of trade in the week ahead with the subsequent final two weeks likely to see a significant drain in market depth
From the DXY Dollar Index’s multi-decade peak set back on September 28th, the Greenback has undergone significant retracement. Then again, the tempo of that slide has been much choppier after the charged reaction of the October CPI release (back on November 10th) wore off. To better determine the potential of the world’s largest currency moving forward, it is critical to assess what is the most important motivation for capital flows into and out of the US going forward. On the one hand, I keep a steady focus on the Dollar’s safe haven status, but this more of an ‘absolute’ sentiment role. While the S&P 500 and DXY have experienced an inverse correlation the past six months, the 20-day rolling correlation at present is only -0.38 (inverted but of modest strength). The complication is that the US currency also has a yield advantage – that is heavily speculated upon – and the expectation for significant risk trends is uneven at best. While the week ahead promises/threatens serious volatility potential, the serial nature of its listing will likely work against gaining clear momentum behind a theme and thereby price. That said, expectations for an overloaded docket and seasonal drain will meet a backdrop of high, realized volatility (see the 4-week ATR below). The saying ‘this time is different’ is echoed through the markets for a reason.
While the consideration of the Dollar’s safe haven status is something to always keep in mind, the need for an extreme reading to activate its influence should keep us focused on monetary policy first and recession concerns second. The US benchmark rate is just a quarter percent off the leaders – the Bank of Canada and Reserve Bank of New Zealand – heading into the new week of trade. With the Wednesday FOMC rate decision, it is likely that the US central bank regains its top rank. Economists are forecasting a 50 basis point rate hike that would lift the benchmark to 4.50 percent with Fed Fund futures placing the probability of a half percent increase at 77 percent (the balance calling for a fifth consecutive 75bp move). While 50bp is still a large move, it is a slowdown from the incredible tempo these past six months. What markets will truly focus on the implications for how far – and how fast – the Fed will move in 2023. The so-called ‘terminal rate’ is seen at 5.00 – 5.25 percent reached by May. This will shift a lot of the focus on the Summary of Economic Projections (SEP) which will include official interest rate expectations for the entire year. And, while the markets are pricing in expected rate cuts through the year, the FOMC members have been adamant that they expected to hold the rate after hitting peak.
When looking at the DXY Dollar Index’s chart, the structure looks choppy without much in the way of clear technical guidance – that is likely because it is a composite of major crosses where there is far more trade that would establish the components technical backdrop. For fundamental insight, there isn’t a better representation of the Dollar than EURUSD itself. Beyond its position as the world’s most liquid currency cross, the monetary policy and economic considerations between the two draws lots of contrast. The Fed is set to moderate its pace of hikes to coast to a peak sometime around mid-2023 while the follow through of the ECB’s course is up in the air (the group is not particularly renowned for its messaging). Considering the European Central Bank is also on deck for updating on rates Thursday, EURUSD will see a back-to-back monetary policy update Wednesday to Thursday. That may act to amplify or cool any market movement here depending on the outcome, but rate expectations have been aligning more distinctly to the FX pair when using the EU to US 2-year yield differential as the proxy.
DXY Analysis. Next week plan.Hello Everyone. I want share my idea about USDOLLAR index.
Last week was strong bearish, but this week we saw some correction. it broke Daily resistance last week and this week came for retest. I think present point for short entry is good opportunity. from here i expect movement to 97.8, at this LVL we have weekly support.
This is my 2 scone of price movement.
1 Bullish - price brake given resistance at 101.1 strong, then it coming back slowly for price correction and then going strong up again and brake all resistances.
2 Bearish - from the point what we have at the moment price has rejection and continues bearish trend, coming to weekly support at 97.8 where will be my take profit.
Be patient!
Time to temporarily increase DXY Index (4-hour time frame⏰)DXY is moving in a 🟢 heavy support zone($99.80-$99.44) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
In terms of Elliott wave theory, I expect the end of wave 3 to be complete at the PRZ, so we should look for bullish reversal patterns. As a result, one of the patterns you can see in the 4-hour time frame is the Bullish Engulfing Candlestick Pattern .
🔔I expect the DXY to have a temporary uptrend to the 🔴resistance zone($101.30-$100.82)🔴 in the coming days.
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.
Will US Dollar fall to 2021 lows? The US dollar has recently fallen below its Simple Moving Average (SMA) of 100, an essential technical indicator for many traders.
Based on this recent movement, there is a growing concern among experts that the US dollar could potentially drop to its 2021 lows. This noteworthy development requires careful consideration, particularly for those relying heavily on the US dollar in their trading strategies.
Considering the US dollar's potential downward trajectory, I encourage you to explore the possibility of diversifying your currency holdings. Holding other foreign currencies could prove beneficial, as they may not be as susceptible to the impending drop in the US dollar's value.
It is essential to approach this situation cautiously and conduct thorough research before making decisions. Analyze the trends, consult with fellow traders, and seek advice from trusted sources to ensure you are well informed about the potential risks and rewards.
In light of these circumstances, I urge you to consider the following call to action:
1. Evaluate your current currency portfolio: Assess how much your trading strategy relies on the US dollar and consider diversifying your holdings to include other foreign currencies.
2. Stay updated on market trends: Regularly monitor the market and closely monitor the US dollar's performance. This will enable you to make informed decisions and adjust your trading strategy accordingly.
3. Seek expert advice: Consult with experienced traders or financial advisors specializing in forex trading. Their insights and recommendations can provide valuable guidance during uncertain times.
Remember, the purpose of this email is not to instill panic but to bring your attention to a potential market development that could impact your trading decisions. By remaining cautious and proactive, you can better navigate the volatile currency market and potentially mitigate potential losses.
DXY Monthly Analysis after the price retramcemt to fill FVG ''Fare Value Gap'' which is in the levels of the golden zone of Fibonacci OTE ''Optimal Trade Enrty '' we will see a reversal of the price towards the supply zone
Silver's Rise, Gold's Stability, and the Weakening US Dollar I wanted to draw your attention to some intriguing developments in the market that may significantly impact your investment strategies. Specifically, I would like to discuss the recent divergence between silver and gold prices and the weakening US dollar. By understanding these trends, you may be able to make more informed decisions and potentially enhance your portfolio's performance.
Over the past few months, we have witnessed a fascinating phenomenon: while gold prices have remained relatively stable, silver has experienced a notable uptrend. This divergence has sparked interest among many investors, as it presents an opportunity to explore alternative investment avenues. As an educational resource, we believe it is crucial to inform you about such developments and enable you to make well-informed investment decisions.
One of the primary factors contributing to silver's rise is its increasing industrial demand. Silver's unique properties make it indispensable in various industries, including electronics, solar energy, and healthcare. As the global economy recovers and these sectors continue to expand, the demand for silver is expected to remain robust. This growing demand and limited supply have been critical drivers behind silver's recent price surge.
On the other hand, gold has demonstrated remarkable stability during this period. Traditionally considered a safe-haven asset, gold has provided investors with a reliable store of value during times of uncertainty. However, its relatively flat performance compared to silver's upward trajectory has prompted investors to consider diversifying their portfolios and exploring the potential benefits of investing in silver.
Moreover, it is essential to take note of the weakening US dollar, which has also played a role in the recent market dynamics. As the US dollar weakens, gold and silver tend to appreciate due to their inverse relationship with the currency. This correlation has further fueled interest in silver as investors seek to hedge against potential currency risks and capitalize on the currency's decline.
Given these developments, we encourage you to explore silver alongside gold as a potential investment option. By diversifying your portfolio and allocating a portion of your assets to silver, you may be able to take advantage of its current upward trend and potential long-term growth prospects. However, conducting thorough research and consulting with your financial advisor is essential to determine the optimal allocation for your unique investment goals and risk tolerance.
DXY New Week Possible MovePair : DXY Index
Description :
Completed " 1234 " Impulsive Wave
Divergence
Impulse Correction
Break of Structure
Descending Triangle in STF as an Corrective Pattern
Bullish Pattern for DXYDXY ranging in a bullish flag pattern. DXY will enter to bull cycle if it moves to upper levels. DXY needs to close 50MA in daily line and it should be established above 50, 200 MA.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
DXY + Federal government Interest payment | BRICS
The problem with raising rates to deal with inflation is if you have debt the entire system will seize up.
We should be understanding why on earth there is so much interest on Russia at the moment, its because the USA is literally stuck with too much debt, not low enough inflation, BRICS *Russia* notices this and has made a move right in our faces.
And honestly Russia have done nothing but want to help throughout history they just want their fair share of resource profits, rightly so too.
Middle east / Petrodollar.
Russia / BRICS.
This will mean the more BRICS + currency is adopted the less power QE in the USD will have meaning more QE until hyperinflation, good luck trying to stop a country with more nuclear weapons than all of us combined.
The end of the dollar in its current form could be here before 2030.
Gold / BTC sniffing this out. . .
DXY- Where are USD bulls?Two days ago, USD Index has broken under a very important level of support, both technical and psychological.
Things are looking extremely bearish for all USD pairs and DXY could fall further.
The next level of support now is around 97 and 100 is resistance.
In conclusion, dips for EurUsd, GbpUsd, AudUsd and NzdUsd should be bought
$DXY DOLLAR FALL CORRELATION WITH $BTCMacro Man1pulat10n indicates the fall could be 85pts for $DXY but could be more lower before the possible recession. Eyes ON the next weeks. Hyperbolic moves in world incoming.
US Dollar Reaches 3-Month Low; Get Ready for a Reversal!I bring fantastic news that will surely get your adrenaline pumping: the US Dollar has reached a 3-month low, signaling an imminent tightening by the Federal Reserve. Buckle up as we embark on an exciting journey to profit from this potential reversal!
As astute traders, you know the US Dollar has been on a rollercoaster ride lately. However, recent developments have shed light on a significant shift that could present a lucrative opportunity for all of us. With the Federal Reserve hinting at tightening measures, it's time to gear up and take advantage of the situation.
Now, let's get down to business. I encourage you to consider shorting the US Dollar while closely examining the market for signs of an upcoming reversal. We can potentially maximize our gains and minimize risks by positioning ourselves strategically. Timing is crucial, so be prepared to act swiftly when the market shows signs of turning.
While we anticipate a reversal in the near term, it's essential to approach this opportunity with caution and maintain a balanced perspective. Market dynamics can be unpredictable, so staying informed, adapting quickly, and managing your risk is crucial. Conducting thorough research and analysis will be essential to your success.
To help you stay ahead of the game, I recommend staying updated with the latest news, economic indicators, and expert opinions. Engage in discussions with fellow traders, and leverage educational resources that can provide valuable insights into market trends. You can make well-informed decisions and capitalize on this exciting opportunity by staying informed and connected.
Remember, the forex market is dynamic and ever-changing. While we anticipate a reversal in the near term, we must remain adaptable and ready to adjust our strategies as new developments unfold. Embrace this opportunity enthusiastically, but always keep a level head and manage your risk responsibly.
In conclusion, the US Dollar's recent decline and the Federal Reserve's tightening hints have given us an exciting chance to profit from an upcoming reversal. So, let's dive into action, short the US Dollar, and position ourselves for potential gains. Stay informed, stay connected, and be ready to adapt as the market evolves.
Dollar Weakens After FED AnnouncementsAs of now, the FED interest rate decision has been announced and the FED has kept the interest rate constant. In addition to keeping it steady, Powell still made harsh and hawkish statements. Personally, I have question marks in my mind about how full these explanations are. Because now the job is not just to reduce inflation and most business sectors have started to break. I don't think it can go on like this.
If we are talking about interest rates, the only factor we need to look at is the dollar index. The dollar index has technically formed a descending triangle. The level to be seen in a down break will be $ 98.
DXY OutlookThere are endless reasons why DXY will get rejected strongly. I have explained some of them here. We can expect Bitcoin to hit 300K.
DXY index Road Map🗺️!!!(4-hour time frame⏰)DXY index managed to break the 🟢 support zone($102.24-$101.91) 🟢 and support line during the last day.
Based on the theory of Elliott waves, the DXY indicator is completing a corrective Zigzag structure(ABC/5-3-5) .
🔔I expect the main wave C to finish at the 🟢 heavy support zone($101.30-$100.82) 🟢.
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.
