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Dxyindex

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
TVC:DXY
by Orriginal
views in dcb for DXYTVC:DXY made retracement of 61.8% successfully after made a significant downtrend and reversed from a strong resistance zone. now if it breaks 101.3-100.8 it will down till 99.8-99.4 to 97.7-96.9 and moreover 97.02 also a fibonacci forward zone of 127.2%. allover trend is downtrend. Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
TVC:DXY
by biniyoger_swaralipi
Dollar Index Chart Analysis.... In this situation DXY chart create elliott wave Pattern. So,if breakout market 102:700 support Level Then market need long sell correction to nearest 102.200 and 101.100 Support level. If breakout 104.000 resistance level, then market will go up 105. resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
💵Euro/U.S.Dollar💵Analyze (Short Term, 03/24/2023)!!!The Euro/U.S.Dollar managed to form an Expanding triangle pattern, and it broke the upper line of the pattern and the 🔴resistance zone($1.088-$1.078)🔴 invalidly. I expect the Euro to drop down to the 🟢support zone($1.05-$1.046)🟢. 🔅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.
Short
by pejman_zwin
3
DXY road to 92, SHORT THE USDThe PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR. Other economic factors why the DYX is looking weak are: -Inflation: High inflation can erode the value of a currency, as it reduces the purchasing power of consumers and investors. If the US experiences sustained high inflation, it could weaken the US dollar even if interest rates are high. -Economic growth: If the US economy is not growing as quickly as other economies, it could lead to a relative decline in the value of the US dollar. This could be exacerbated if other economies are experiencing strong growth and higher interest rates. -Geopolitical risks: Political instability, trade tensions, and military conflicts can all increase risk and uncertainty, which can lead investors to sell US dollars and seek safer assets. If the US is perceived as a less stable or secure country, it could weaken the US dollar. -Debt levels: High levels of debt can make a country more vulnerable to economic shocks and reduce its ability to stimulate the economy during downturns. If the US experiences a sharp increase in debt levels, it could weaken the US dollar. -Market sentiment: Investor sentiment can be influenced by a wide range of factors, including news events, social media, and market psychology. If investors become pessimistic about the US economy or the prospects for the US dollar, it could lead to a decline in demand for US dollars and a weaker currency.
TVC:DXYShort
by CryptoGao1
4
FOMC - MARCH 22, 2023 -US30 DOW JONES INDUSTRIAL AVERAGE Hello Traders, As we approach FOMC and rate decision today, 2pm March 22, 2023 there's a possibility of continued rate hike to curb inflation and that could send Stock Markets down. Key Points: VIX - Volatility Index is bullish for the week Commodities - Bearish for the week A rate increase is favourable for USD from an Investor's perspective. Overall economic outlook is bearish considering global world issues i.e: Russia/Ukraine, recession, inflation, etc. Chart analysis shows clear picture based on trend lines, BOC, CHOC, and imbalance areas from prior week. Anyways, always trade what you are comfortable with losing. Until next time! The Trading Regime.
U
by EvaultFinancialGroup
DXY US. Dollar Index | Down Trend Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index. A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward. A Lower High occurs when the price of the index reaches a new high during a given period that is lower than the previous. This suggests that the price is struggling to get higher levels and may be trending downwards. These patterns can be used by traders and investors to identify potential selling opportunities or confirm existing US dollar downtrends. However, they should be used in conjunction with other forms of analysis and not relied on exclusively. Fibonacci retracement is a popular technical analysis tool used to identify potential levels of support and resistance in financial markets. The tool is based on the Fibonacci sequence and retracement levels are calculated using ratios derived from this sequence. When applied to the DXY US Dollar Index, Fibonacci retracement levels can help identify potential areas of support and resistance. For example, a common retracement level is 50%, which represents a potential area of support or resistance at the halfway point between a market's high and low. If the DXY Index is in a downtrend, a trader might look for potential buying opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of support. Conversely, if the DXY Index is in an uptrend, a trader might look for potential selling opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of resistance. It's worth noting that Fibonacci retracement levels should not be relied upon exclusively for making investment decisions, and should be used in conjunction with other forms of analysis and risk management techniques. Follow me for more Ideas.
TVC:DXYShort
by awaisulabdeen