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DXY - Febuary Price Action Analysis on the DailyHi guys. As everyone knows DXY is inversely related with all RIsk ASsets. We've seen the major markets and crypto start consolidating and falling in price. As the Dollar rallies. This is on the Daily timeframe. Ive drawn 3 trend lines which i followed closely to make sure i take profits in my trades across the boards. First line we broke was the white trend line. Which pushed us to the next line, the red line. There was tremendous momentum seen with the size of the candles, especially the size of the one that broke out MASSIVE! We fought that for a couple days and ended up breaking through to get to the last trend line, the Orange line which coincides with our downtrend from the September highs. This indicates we may have changed trends from downtrend. Our next target is the white horizontal resistance line . Watch how DXY reacts here. ~Im in the camp that we will get rejected here in the short term when we reach.~ BUT if it consolidates around it, like price action did with the red line, it can break through. ANd come down to test support on either: 1. On yellow horizontal line 2. Or the Orange slanted line Indicator: Also if you notice the RSI, as we were breaking the white trend line, it broke above the yellow moving average with force, and created a higher high from the previous high of the RSI. This also show cased that we would move further up in price and break the red trend line. We are also getting to overbought terroritory on RSI marked by the 70 level or dashed line. And We've been above the yellow MA for some time now, eventually to come back to test it and move below it which would possibly coincide with when the broader market stops consolidating. This can also coincide with not breaking the white trend line in the shorrt term. Lets see whats up! Hope this made sense. Please comment, like and follow! Check out my other dxy ideas LINKED BELOW. Let me know what you think and where the market is headed! Thanks. Disclaimer: This is not financial advice and i am not a financial advisor. This is my opinion based on TA.
TVC:DXY
by SafofAllTrades
USD rally stalls at resistance, pullback and breakout pending?The US dollar index (DXY) posted three solid days of gains between Thursday and Monday. I cannot say I am overly surprised to see A Doji formed yesterday given the resistance cluster around 103.50 which includes a previous support zone, trend resistance and the 50-day EMA. But we also had a change in sentiment for markets yesterday that were eager for a decisively hawkish message from Jerome Powell, which was not delivered. Therefore I suspect the US dollar needs a pullback or period of consolidation before its next leg higher. And I maintain my view that the US dollar remains oversold, and there is more upside on the horizon after its initial pullback is complete.
ICEUS:DXYLong
by CityIndex
3
Long Term DXY and inflation - Where is the Future for the $This chart shows DXY since 2008, when it began its current Long term trend in an ascending channel, with various events helping it along, Most recently, the War in Ukraine. The Indicator at the base of the chart is US inflation ticker and it goes RED when inflation is over the 2% mark, as suggested by FOMC way back in the 1990's As we can see, PA has once again bounced off the 0.5 Fib retracement lines as it did last time ( Arrowed) On that occasion it took 2 months to rise 3.9%, which, on this occasion, it has already nearly managed to do, possibly because the FED has already stated that Rate Will continue to rise. We also have the FOMC meeting Minutes released to day that will no doubt help it along. The world is a different place from when we were last in this "pattern" and more countries are pulling Away from the use of the $ as an international currency, possibly the biggest blow to the $ Is that OPEC is moving away and replacing the Petro$, which had contractual obligation to also invest in US Stocks and Bonds. China, Iran and Russia are also amoung a number of countries moving away from using the $ as an international settlement currency This will cost the USA a LOT and will ultimetly devalue the $ Chances are that longer Term, the DXY may fall out of this ascending channel. Will it descend to the March 2008 All Time LOW of $0.7 ? Who knows but the USA Needs to pull a trick out the bag to sustain this level of growth Sadly, WAR is an option for the Worlds Largest weapons producer but that will only be a temporary solution INDUSTRY and TECHNOLOGY is the Future for the USA and that should include CRYPTO. But, because the USA IS a Bank, THE Leading Traditional Finance Market, it is fighting it and NOT adopting it. Could the American $ Empire be the shortest lived empire ever ?
TVC:DXY
by Orriginal
2
🥇Gold🥇 Analyze [Road map!!!🗺️(02/21/2023)]Gold moved as I expected ✅yesterday, and now I want to share with you the next movement.👇 Gold is running in PRZ(Price Reversal Zone), and I expect that it will go up at least to the resistance zone again; one of the reasons can be a Hammer candlestick pattern in a 4-hour time frame.👇 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:XAUUSDLong
by pejman_zwin
10
🥇Gold🥇 Analyze [Road map!!!🗺️(02/20/2023)]Gold moved as I expected ✅I suggest you visit the following post to get more familiar with my analytical view on higher time frames(Weekly and 8-hour Timeframes).👇 After breaking the downtrend line, Gold seems to have confirmed the start of its main wave 5. Gold is moving in the resistance zone, and I expect the impulse waves of Gold to end in this zone and the corrective phase will begin and continue at least until PRZ(Price Reversal Zone), and then gold will grow again. 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
13
DXY Chart Analysis.... DOLLAR INDEX MY VIEW- N.B- In this situation DXY chart create Bullish Flag Pattern's breakout @104.360. resistance level, then market Buy UP to 105:000; @ 105.500 and 106:000 resistance level. Then market need seems sell correction to nearest Support 105.500 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:DXYLong
by AronnoFx
2
🥇Gold🥇 Analyze [Road map!!!🗺️(02/17/2023)]To analyze the chart of gold, it is better to start from the weekly time frame so that you can have a better view of the 🗺️Gold road map🗺️, so I suggest you pay attention to the chart below for a few seconds.👇 Now let's go to the Gold 8-hour time frame that I shared with you a few days ago; Gold ran through the zigzag(ABC) corrective structure as I expected.👇 Now, to make sure that the zigzag correction is complete, we go to the 1-hour time frame; as you can see in the chart of this post, microwave 5 of microwave C of the main wave 4 in PRZ seems to have been completed. To ensure the end of the main wave 4, it is better to wait for the downtrend line to be broken in a valid way. 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:XAUUSDLong
by pejman_zwin
5
DXYWe see the breaking of the trend line with a higher slope, due to the breaking of the 102.2491 range It can be expected to be touched around the second trend line with a lower slope. 1-102.7198 2-102.2491 3-101.3775 Objectives based on pivot points: 1-104.7767 2-105.3868 3-106.1712 It is not necessary to touch all the targets. If you have the confirmation for the negative divergence and the above candle, you can get the confirmation of entering the upward trend from the bottom time.
CAPITALCOM:DXY
by maryammh