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Dxyindex

DXY brief gain to the resistance 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
6
EURUSD falls by Fan Principle at Top pattern💣EURUSD is falling by Fan Principle at the top pattern; if the third line breaks down, expect EURUSD to reach the support line. Since DXY will be bullish, there is a very high probability of completing Fan Principle at top pattern.👇 🔅Euro/U.S.Dollar Analyze ( EURUSD ), 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.
Short
by pejman_zwin
35
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
5
DXY: CBDC's Total Takeover? 🏛Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. For the past eight decades, the U.S. dollar has been the dominant global currency following the Second World War. It has been widely accepted worldwide, with only a few exceptions, and is commonly recognized by the image of Andrew Jackson and the seal of the U.S. Treasury, making it the most recognizable export of the United States. The U.S. dollar became the reserve currency of the world following the Second World War, mainly because the United States was the dominant global economic and military power at the time. The Bretton Woods Agreement of 1944 also played a crucial role in establishing the dollar's role as the world's reserve currency. Under this agreement, other countries agreed to peg their currencies to the U.S. dollar, which was backed by gold. This made the U.S. dollar a stable and reliable currency for international transactions, leading to its widespread acceptance as a reserve currency. Additionally, the U.S. had a large trade surplus, making it easier for other countries to hold dollars as reserves to pay for U.S. goods and services. The dominance of the U.S. dollar as the world's reserve currency has been a source of both admiration and resentment among other countries and superpowers. Many countries have benefited from the stability and liquidity that the U.S. dollar provides as a reserve currency, allowing them to conduct international trade and investments with greater ease. However, some countries have also experienced the negative effects of dollar dominance, such as the risk of currency fluctuations and the potential for U.S. monetary policy decisions to have spillover effects on their own economies. The U.S. dollar was not only commonly used in international transactions but also widely held as a long-term store of value across the globe. Central banks worldwide held more U.S. dollars than any other currency. This resulted in low borrowing costs for Americans, which allowed middle-class people to buy homes. Furthermore, the U.S. government was able to incur significant debts without apparent consequences due to the dollar's global dominance. Americans may not have been aware of this situation, but it had a favorable impact on their daily lives. Occasionally, the Congress discussed the debt ceiling, but it seemed like an abstract topic that most people did not care about since America controlled the global reserve currency and could print U.S. dollars. This privilege made money cheap, and Americans enjoyed benefits that were not available to other countries. However, the thought of losing this dominance was too terrible to contemplate, and concerns began to arise around the time the Russian military entered Ukraine about a year ago. The consequences of such a loss would be dire, and it was a worrisome issue. The Russian military's invasion of Ukraine was destabilizing, as wars typically are. However, it was the West's reaction to the invasion that raised concerns. U.S. policymakers, led by USA President Joe Biden and supported by Republican senators, seemed intent on not only toppling the Russian government but also disrupting the post-World War II economic order that had benefitted the U.S. for decades. The sanctions weren't expected to harm the U.S. economy more than the Russian economy. Russia's economy is not heavily reliant on financial services but on natural resources such as oil, gas, iron, and coal. Despite the sanctions imposed on Russia, its Ruble remains stable against the US dollar, which suggests that the sanctions did not have a significant long-term impact on Russia's economy. The seizure of Russia's central bank's dollar reserves was intended to collapse Russia's credit system and cause bank runs, but it didn't happen. The USA did not consider the dangers when using the dollar, the sign of security and unity, as a weapon. The result of this is unsurprising, many countries lost confidence in the dollar. And so, Russia, Brazil, Pakistan, India, Malaysia, France, China, and Saudi Arabia are conducting business in currencies other than the US dollar, such as the Chinese currency Yuan. This is happening at a fast pace and shutting out the US dollar, which is losing trust from other countries due to its use as a weapon and excessive printing, leading to inflation and currency devaluation. 💭Final Thoughts 💭 We look to history to speculate on the future. As the saying goes, history repeats itself. During the First World War, the German government borrowed heavily to finance the war effort, resulting in a significant increase in national debt. The government continued to print money to pay for its expenses, which led to hyperinflation and a collapse of the German economy in the early 1920s. In 1923, the German mark was practically worthless, and people had to carry wheelbarrows of money to buy basic goods. This hyperinflation had a devastating effect on the German people, wiping out their savings and pensions and causing widespread poverty and social unrest. The situation stabilized when the German government introduced a new currency, the Rentenmark, backed by mortgages on agricultural and industrial land which restored some degree of confidence in the currency. The German government basically inflated their currency due to excessive debt accumulated from war. The United States has a similar history with wars, relying on the reserve currency status to recover from the economic damage of these wars. However, considering the large economical impact of Russia and BRICS's contribution the the economy, it could be catastrophic due to the current state of the US economy. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the possibility of creating a new reserve currency as an alternative to the US dollar-dominated international financial system. The proposal was discussed at a virtual meeting of the BRICS finance ministers and central bank governors, with a goal to decrease the dependency on the US dollar and increase trade between member countries. However, no specific details were provided yet about the potential reserve currency. However, it's highly likely that this "new reserve" will be in digital form, as a CBDC (central bank digital currency). _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
TVC:DXYShort
by CryptoCheck-
13
GBPUSD needs a break of at least ➖5%👇GBPUSD seems to have completed its impulse wave 5 🔴resistance zone($ 1.267-$ 1.24) 🔴 so that Regular Divergence(RD-) can be seen between the end of the main wave 3 and the main wave 5. And also, the main wave 3 is Extended. When wave 3 is extended, wave 1 and wave 5 tend towards size equality 100% or 61.8% relation = In this example, exactly 61.8% has been met.✅ Another sign that we can confirm at the end of the main wave 5 is the formation of a Bearish Engulfing candlestick pattern in the resistance zone. In addition, since the DXY index is expected to take an upward trend, then my expectation of GBPUSD falling can be reasonable.👇 So I expect GBPUSD to at least decline(➖5%) to the end of wave 4 (close to the 🟢support zone($ 1.183- $ 1.165)🟢). 🔅British Pound/ U.S.Dollar Analyze ( GBPUSD ), 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
24
DXY - Tool to assess Risk on/ Risk off scenariosHi guys. Welcome to my TA analysis on the dollar index. ALot of talk has been going on about whether or not we are in a bull market for bitcoin and if equities will rally further or not. In order to assess or determine if its likely that we are, the dollar is used by many analysts to gauge at what the sentiment is, whether "RISK ON" or "RISK OFF". As such i also have come to analyze and use DXY as such a tool. RISK ON = When dollar is decreasing in price, other assets tend to go up. ( Hence we hear people mention "oh, the dollar is inversely related to stocks, crypto) RISK OFF = sentiment is scared to invest and people flock to the safety of cash/dollar, Increasing the value of the dollar and prices of other assets decrease in price With that lets look into what i see in the charts for DXY. This analysis is done on the 2 day timeframe. I've zoomed out to include about 17 years of data. So PRICE ACTION As you can see its interacting with the Red line that is drawn on chart. This is the 200 Day Moving Average. If you look left at all the examples i put up, everytime price action goes down we are below this line for atleast 100 days to as long as couple of years. WE also decline between 2% to as much as 20%. The 2 recent times, we were under it for 380 days and 488 days with price dropping further down. Ofcourse our current price action doesnt have to do this but because it occured previously it is not out of the question. At the least expect sideways action, which is also not a bad thing for RISK ON mentality. BUT as of now we have CONFIRMED below the 200 dma on the 2 day timeframe. I expect the dollar to drop more in the intermediate to longer term of atleast 3 months to a 1 year even. The longer the dollar stays below, the stronger RISK ON mentality gets. This would validate the recent Crypto uptrend and may push equities, housing and others up too. To further support my thesis, check out the 2 indicators i put up 1. RSI - I believe we have further sell off on the RSI and im expecting it to do below the 20 level, as it did in the examples i circled with white. Also notice the white horizontal resistance line i drew. As long as we stay below here, it validates my thesis of dollar staying down. Im expecting atleast 1 touch point near or below the 20 level. RSI is a close indicator of price action, when it points down, price usually follows and vice versa. 2. ADX and DI - Ths tracks momentum. As highlighted red line is crossing up, indicating bearish momentum to pick up. When price action is below the 200 dma and a bearish cross occurs we usually go down in price. CONCLUSION: With everything mentioned, in my opinion i believe DXY to go down further in price, it staying in a downtrend for atleast 3 months to 1 year. Supporting the idea that maybe we are in the beginning stages of a crypto bull market and we may see equities rally more. Thanks for tuning in. Hope this helped. If you like the content, please BOOST, COMMENT and FOLLOW. Check out my other charts on DXY. If you liked what you read, i also do potential buy/sell analysis on stock/ cryptos. DISCLAIMER: This is not financial advice. I am not a financial advisor. Everything expressed in my posts are my opinion and for educational purposes. When trading please do manage your risk and protect yourselves with stop losses.
TVC:DXYShort
by SafofAllTrades
🥇Gold🥇 Analyze [Road map!!!🗺️(04/03/2023)]Gold seems to be imprisoned in a 🚩Symmetrical Triangle🚩. To confirm the end of wave 4, gold needs to break the upper line of the symmetrical triangle. I tried to show you the end of wave 5(zones) on the chart: 🟡 First Target : $2042-$2026🎯 🟡 Second Target : $2068-$2057🎯 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:XAUUSD
by pejman_zwin
6
🥇Gold🥇 Analyze [Road map!!!🗺️(03/24/2023)]Gold is moving in its fifth impulsive 🌊wave🌊. The end of wave 5 gold impulse can be completed in two zones: 🟡First Target: $2040-$2030🎯 🟡Second Target: $2068-$2057🎯 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:XAUUSD
by pejman_zwin
6
AUDUSD will fall by Head and Shoulders Pattern❗️❗️❗️AUDUSD managed to form a Head and Shoulders Pattern, and since the slope of the neckline is negative, it is more likely that the pattern is valid. Also, two moving averages, 50-EMA and 50-SMA, created a ⬇️SELL⬇️ signal. I expect AUDUSD to fall to the pattern target and 🟢heavy support zone($0.593-$0.55)🟢 after breaking the neckline and 🟢support zone($0.659-$0.652)🟢. 🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) 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.
Short
by pejman_zwin
2
DXY on the way to destroy Resistance lines⚔️!!!The DXY index has managed to break resistance line 1. It is expected that wave 3 can break the resistance line 2, and finally the impulse wave 5 will end near the 🔴resistance zone($103.6-$103.3)🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1h-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
8
NZDUSD was in a Bull Trap after breaking the 🔴resistance zone🔴It seems that NZDUSD will not succeed in breaking the 🔴resistance zone($0.6250-$0.606)🔴, and this failure plays the role of a fake break or bull trap. If we look at NZDUSD from the theory of Elliott waves, NZDUSD is moving in a descending channel, which can complete the correction structure ABC, which is zigzag(5-3-5); I expect wave C of the correction structure to finish in 🟡Price Reversal Zone(PRZ)🟡. 🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 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 gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6