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Dxyindex

DXY close to great daily support area 📖🚀Hello 🐋 Based on the chart, the price is close to the support area and channel support ✔️ if the price doesn't break the support zone to the downside, we can see more gain 💣🚀 otherwise we can see more correction ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
TVC:DXYLong
by MadWhale
4
DXY in detail What is DXY ? The U.S. Dollar Index (DXY) is a measure of the value of the U.S. dollar relative to a basket of six major foreign currencies. It is a weighted geometric mean of the exchange rates between the U.S. dollar and these currencies. The DXY was created in 1973 with a base value of 100 and serves as a benchmark to assess the strength of the U.S. dollar in comparison to other global currencies. The basket of currencies and their respective weightings in the DXY are as follows: Euro (EUR) - 57.6% Japanese Yen (JPY) - 13.6% British Pound Sterling (GBP) - 11.9% Canadian Dollar (CAD) - 9.1% Swedish Krona (SEK) - 4.2% Swiss Franc (CHF) - 3.6% The weights assigned to each currency in the formula are based on the trade weights of the currencies, which reflect the importance of each currency in international trade. An analogy to explain DXY could be imagining a shopping cart filled with distinct items, each with a different price tag. The DXY is like the total value of the items in the shopping cart, where each item represents a currency in the basket. Just as the total value of the items in the shopping cart can fluctuate based on the price of each item, the value of the US dollar in the DXY can fluctuate based on the exchange rate of each currency in the basket. For example, if the exchange rate of the euro, yen, and other currencies in the basket decrease relative to the US dollar, the value of the US dollar in the DXY would increase. Conversely, if the exchange rate of these currencies increases relative to the US dollar, the value of the US dollar in the DXY would decrease. Following is how it's precisely calculated: The DXY, is calculated as a weighted geometric mean of the US dollar's value relative to the six major currencies in the basket. The formula to calculate the DXY is: DXY = 50.14348112 × EURUSD^(-0.576) × USDJPY^(0.136) × GBPUSD^(-0.119) × USDCAD^(0.091) × SEKUSD^(0.042) × CHFUSD^(0.036) where: EURUSD is the exchange rate of the euro to the US dollar USDJPY is the exchange rate of the yen to the US dollar GBPUSD is the exchange rate of the British pound to the US dollar USDCAD is the exchange rate of the Canadian dollar to the US dollar SEKUSD is the exchange rate of the Swedish krona to the US dollar CHFUSD is the exchange rate of the Swiss franc to the US dollar As an example, let's say that on a particular day, the exchange rates of the currencies in the basket are: EURUSD = 1.2000 USDJPY = 110.00 GBPUSD = 1.4000 USDCAD = 1.2500 SEKUSD = 0.1200 CHFUSD = 0.9000 To calculate the DXY for this day, we would plug these values into the formula and solve: DXY = 50.14348112 × 1.2000^(-0.576) × 110.00^(0.136) × 1.4000^(-0.119) × 1.2500^(0.091) × 0.1200^(0.042) × 0.9000^(0.036) DXY = 90.546 I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned and if you like my content and would like to learn from my experience hit like and follow me for getting notified on my trade, market projections and several upcoming tutorials on technical analysis and several technical Indicators. you can also leave a comment and let me know if you want me to analyze any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
TVC:DXY
by zakoraio
Short break for DXY growth again⏰As I expected in the previous post, DXY completed wave 5 at the bottom of the descending channel and the 🟢support zone($ 101.3-$ 100.82)🟢.👇✅ It seems that DXY intends to break the upper line of the descending channel after a short break in the middle of the descending channel. According to the theory of Elliott Waves, the DXY correction structure is a type of Zigzag correction(ABC/5-3-5). The end of this zigzag correction or break is expected to end near the middle line of the descending channel or the 🟢support zone($ 101.3-$ 100.82)🟢, and then DXY will grow again at least to the upper line of the descending channel (probably DXY will break descending channel this time). U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-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
43
New opportunity to add in my dollar positionAfter breaking through the support zone, a retest occurred, accompanied by a 61% Fibonacci retracement. Thursday's GDP data will be the deciding factor for market movement, We can anticipate two potential outcomes: 1. If the GDP exceeds expectations, investors may feel more secure, and as a result, dollar prices may not increase significantly. 2. A worse-than-expected GDP could trigger fears of a potential recession, leading to a surge in demand for safe-haven assets like gold. This increase in demand could drive up the price of gold and weaken the dollar significantly.
TVC:DXYShort
by keechi
17
DOLLAR INDEX Correct to support & levels to watch. DXY💲Hello my friend, Everything is marked on the chart like always. We can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 103. Good luck. If its useful please like it as a support and follow me to next analysis :) Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim. noghte kelidi 103 hastesh. moafagh bashid. like va follow faramoosh nashe :)
TVC:DXYShort
by ArashBanakar
1
DXY: Event influence!Hello traders, I have some USD related information to share with you ♥ US Dollar's position as the primary global reserve currency is being challenged The US Dollar's share of the global market has decreased from 71 percent to 59 percent over the last two decades and could shrink even further in the future. The primary victim in this scenario is the United States, as currency usage in global trade is a zero-sum game. Each time a Yuan, real, or Rupee is exchanged on the global market, a Dollar is not. If credible alternatives gain steam, the dominance of America in the global market will be compromised.
TVC:DXYShort
by Sphyn-Trader
2
💋Last KISS💋 of 🥇Gold🥇 to the lost 🟢Support zone🟢Gold was able to break the 🟢 support zone($ 1990.6- $ 1961.7) 🟢 by a red long-body candle and huge volume( Breakout Candle 🔨). If we look at the gold chart in the 15-minute time frame from the theory of Elliott waves, we will find that wave 4 returning to the support zone plays the role of a pullback(💋Last Kiss💋). Another sign that we can confirm the end of wave 4 is the formation of the Head and Shoulders pattern in the 5-minute time frame (for better clarity, of course). 🔔I expect wave 5 to end near the support line. If you want to have a better view of this analysis, I suggest you take a look at the following post.👇 Gold Analyze ( XAUUSD ), 15-minute 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 gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
31
🥇Gold🥇is playing the Yo-Yo game (Falling this time)🪀Gold seems to be playing 🪀yo-yo🪀, and this time it is its turn to go down. Gold is running near the resistance line and 🔴resistance zone($ 2015- $ 2012)🔴. If we look at Gold from the theory of Elliott waves , we can understand that Gold finished the last Zigzag wave (C) near the 🔴resistance zone($ 2015- $ 2012)🔴. I expect gold to at least fall to the 🟢support zone($ 1990.6- $ 1961.7)🟢. Gold Analyze ( XAUUSD ), 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.
OANDA:XAUUSDShort
by pejman_zwin
44
🥇Gold🥇has completed the pullback and is ready to FALL again❗️As I expected in the previous post, Gold executed the Expanding Ending Diagonal pattern well and managed to break the lower line of this pattern and the uptrend line. Gold has now completed a pullback to lines with wave 4. I expect wave 5 to end at the 🟢support zone($ 1990.6- $ 1961.7)🟢 or support line. Gold Analyze ( XAUUSD ), 30-minute 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.
OANDA:XAUUSDShort
by pejman_zwin
22