[DXY] short term bearish (but long term bullish)In daily TF, the price structure shows the beginning of a correction after a rise of about 28% (from the support 90), confirmed by a triple top of DXY, a MACD triple top and a bearish divergence of RSI.
In monthly TF, we have a strong uptrend due to a huge bullish divergence and a triple bottom.
Dxyindex
DXY 04 April Next MovePair : DXY Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame as an Corrective Pattern with the Breakout of the Lower Trend Line
Selling Divergence
Completed " 1234 " Impulsive Wave
Break of Structure
Symmetrical Triangle in Short Time Frame and Breakout the LTL and Completed the Retracement
Impulse Correction
Rejection from Fibonacci Level - 38.20%
DXY reaches decision TimeDXY has now arrived at its Long term CUP pattern line and needs to make a choice. Is it going ot show stregth nd push bck up for a while OR will it fall through ?
On the international stage, Fundamentally, DXY is under pressure as the $ is dropped by a growing number of countries, for international trade settlements. This used to be a MAJOR use of the $ and earnt the banks a lot of money. This is Going.
On the Home Front, The political games in the USA may also have an impact
Technicaly, DXY is in a position to push higher. Weekly and Daily MACD & RSI have Room to move higher. and PA is in a good position, if it pushes higher here, to make a Strong Double Bottom
Should PA drop through the CUP, then we could continue to reach the 98 mark in time. HOWEVER, ever since 1971, when DXY began creating these Cups, the Cup line has not been broken since 1985. PA is also sitting n a strong line of support.
I think it is worth watching DXY this week...It may well improve
DXY Weekly CloseOnly a personal opinion - DXY Weekly
Seems positive for the USD today; look out two weeks, and it can still remain around the 102 level.
It will be sideways in the area 102-103 for the following week, now attempting to go to area 103.
If it break, the area 103 will continue to the area 104,448.
Perhaps the usd will receive some good news.
The DXY is trying to fill the Gap🚀!!!DXY completed its zigzag correction(5-3-5) near the Price Reversal Zone (PRZ).
DXY will move towards filling the gap after the downtrend line breaks (at least the growth that DXY can do).
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.
DXY FALL INCOMING! xxxUSD to SPACEDXY us currently BEARISH and we are only look for SHORTS here.
How does this help us trade the market?
RULE - DXY goes DOWN, xxxUSD go UP
CHEATSHEET - Your xxxUSD trades will not move if DXY isn't ready for that big impulse legs
I make sure when I take SUD trades that day is in full support of the direction am taking.
I won't get in on any new xxUSD LONG if DXY hasn't reached the UB (Upper Band ) on the H4.
We already have the EMA CLOUD, so every UB will be a badass impulse trigger (Learn the HOOD SUITE SYSTEM)
I will be on full throttle LONG on xxxUSD (check for NOTIFICATIONS to see which of the USD pairs we will be attacking) when DXY reaches the UB on H4 as the next impulse leg should kick in from there.
INVALIDATION - IF we get a close on the PREV HIGH level then we will chart a course for the next move when that happens.
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
America’s dominance will be over by 2030Dedollarization is a complex and multifaceted trend that is driven by a variety of economic, political, and strategic factors. While it is true that some countries are seeking to reduce their reliance on the US dollar, it is unlikely that the dollar will be completely dethroned as the world's dominant reserve currency in the near future.
In terms of the impact on the US financial system, there could be some challenges if dedollarization continues to accelerate. For example, if countries begin to conduct more of their trade in currencies other than the US dollar, this could reduce demand for US Treasury bonds and put upward pressure on US interest rates. Additionally, if the US dollar loses its status as the dominant reserve currency, this could undermine confidence in the US economy and make it more difficult for the US to finance its current account deficit. However, it is difficult to predict how these factors will play out over time, and much will depend on how the US responds to the changing global economic landscape.
The potential collapse of the US dollar could have a global impact on various aspects of the economy, including international trade, investments, and financial systems. Therefore, it is possible that such an event could have indirect effects on the emerging economies and ultimately impact the lives of citizens around the world.
However, if you have no bank debts in your name, you may not be directly affected by a collapse of the US dollar. Your financial situation would depend on your sources of income, savings, and expenses in your country's local currency. If you earn income in a different currency other than the dollar, have savings in multiple currencies and commodities, and spend primarily in your local currency, the impact of a US dollar collapse may not be significant for you.
It's worth noting that financial crises and economic downturns can have wide-reaching effects on various aspects of life beyond personal finances, such as job opportunities, access to goods and services, and political stability. So while your personal finances may not be directly impacted, other aspects of life in your country could be affected by a collapse of the US dollar.
The potential impact of a collapse of the US dollar in your country's economy is difficult to predict with certainty. However, if there were a significant economic downturn or financial crisis, it could potentially lead to a decrease in job opportunities and reduced economic activity, which could make it more difficult to find work or generate income.
Access to goods and services could also be impacted in the event of an economic crisis. For example, prices of imported goods could rise, making it more expensive to purchase essential items. In addition, supply chain disruptions or shortages could impact the availability of goods in local stores.
Political stability is also an important consideration in your country, where protests and social unrest may have become more frequent in recent years. While protests are generally peaceful, they can sometimes escalate into violent confrontations with police or other authorities. Depending on the severity and duration of any political instability, it could impact access to goods and services, as well as personal safety.
Having savings for one year could certainly help you weather any potential storm, but it may not be sufficient to protect you from all the potential impacts of an economic downturn or political instability. It's important to stay informed about the current events and developments in your region and to have a contingency plan in place in case of an emergency.
The fall of the EURO with a 🗻Double Top🗻 pattern!!!It seems that according to the regular divergence(rd-) between the two peaks created in the 🔴resistance zone🔴, the possibility of creating a Double Top pattern after the breaking of the uptrend line is very high.
Since the DXY analysis is bullish, the probability of the euro falling after breaking the neckline of the Double Top pattern to the 🟢support zone🟢 is high.
The Double Top pattern is likely of the Adam-Adam type, which has many credibilities.
DXY analyze👇
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dollar index short viewHow low can the dollar index go?
We can draw a large long-term channel on the chart, and we see that a large accumulation is taking place in the lower part of the channel. This is followed by a bullish trend to the upper line of the channel, where we encounter new resistance and retreat to the lower line again. Based on that, the dollar could make a big drop. For now, the obstacle to that scenario is the previous movement zone of 90.00-100.00.
DXY Trading Plan - 30/mar/2023Hello Traders,
Hope you all are doing good!!
I expect DXY to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
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 🐋
DXY Index Next Possible MovePair : DXY Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame as an Correction with the Breakout of the Lower Trend Line and Retracement
Divergence
Break of Structure
Completed " 1234 " Impulsive Wave at Fibonacci level - 38.20%
Exp FIAT as an Correction in Short Time Frame and Rejection from the Lower Trend Line and Fibonacci Level - 78.60%
Impulse Correction Impulse
DXY coming ot monthly closeDXY has suffered a pull back in recent weeks due to a number of factors and now finds itself in an interesting position
PA is now on its long term "Cup" line of Support, which historically, in the 3 Cups DXY has produced since 1971, have NEVER been broken.
So likelyhood is that PA will bounce soon, likely not till April opens, but bounce it will.
But there us resistance close by overhead as it approaches the neckline of this Cup pattern, which was broken once only.
PA has formed an ascending channel that it has been restricted by since 2008 and PA is mod way between the upper and Lower lines
PA also has bounced off the 0.5 Fib retracement, as is a habit historically and has just been rejected by the 0.618/ Where now ?
MACD on this MONTHLY chart has just turned BEARISH and is unlikely to be a fake out.
SO, long term outlook for DXY is not Rosy but still has the ability to maybe reach higher than 110 in time before it turns over fully and begins the 4th Cup around Spring 2025
Until then, if it says in this ever shrinking triangle between Neckline and Cup, volatile maybe on a month to month basis
It should be noted that each of the 3 "Cups" made since 1971 has been Deeper and longer than the previous and with the world turning away from the $ as a currency for international settlements, I do not see why this will not happen again