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Dxylong

DXY - US$ Index on the way to new highsThe orange Fork is a "Pullback Fork". I wanted to know how far price will pull back. The orange Center line gives a clue. And so price came down to the CL. But not only to the CL, it even pierced it, and washed out the stops, after creating little Base (green). This behavior left a huge HAGOPIAN that forecasted a move to the upside, beyond the point from where price came (...from the CL). And so price did. Now we are on the way up to the White CL. We have a over 80% chance. What I would love is a pull-back to the downside and hide my stop behind the engineered previous low, where they washed everybody out before rocketing to the upside. It's a weekly chart guys & gals, this needs a lot of patience. Happy Weekend
TVC:DXYLong
by Tr8dingN3rd
2
🚨DXY crash after 🐮Bull Trap🐮🚨↗️DXY Index reacted well to the Resistance Line . 🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮. 🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 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 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:DXYShort
by pejman_zwin
8
Exciting Shift in the Forex Market With USD aka DXYBrace yourselves as I bring you an exhilarating update on the current state of the US dollar (DXY) and its encounter with the formidable BRICS nations. You may have seen recent headlines highlighting the growing influence of BRICS (Brazil, Russia, India, China, and South Africa) on the global economic landscape. These emerging economies have been making waves, challenging the traditional dominance of the US dollar and signaling a potential shift in the forex market dynamics. Before you start panicking or getting overwhelmed by the constant stream of news, I urge you to take a step back and focus on what truly matters – the chart. Yes, you heard that right! While news headlines may grab attention, it is crucial to remember that charts are the ultimate source of truth for traders. So, here's my call to action: Ignore the noise, tune out the sensational headlines, and instead, keep your eyes glued to the chart! Charts don't lie; they provide invaluable insights into market trends and potential opportunities. The US dollar, a long-standing powerhouse, has faced its fair share of challenges in recent times. As the BRICS nations continue to strengthen their economies, their currencies are gaining momentum and threatening the long-standing dominance of the US dollar. This exciting development presents a unique opportunity for astute traders like you to capitalize on potential shifts in the forex market. By focusing on the chart, you can identify patterns, spot emerging trends, and make informed trading decisions. Watch the movements of the US dollar and the BRICS currencies closely, as these shifts could open up new avenues for profitable trades. Remember, excitement is the lifeblood of trading, and the evolving dynamics between the US dollar and the BRICS nations offer a thrilling prospect for those willing to seize the moment. So, keep your emotions in check, stay disciplined, and let the chart guide you. In conclusion, my fellow traders, I urge you to embrace this exciting shift in the forex market. Disregard the news, trust the chart, and remain vigilant for potential opportunities that arise from the evolving relationship between the US dollar and the BRICS currencies.
TVC:DXYLong
by bryandowningqln
DXY PREDICTION ON 18.08.2023The DXY, also known as the U.S. Dollar Index, measures the value of the U.S. dollar relative to a basket of six major world currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. When we say that the DXY is going up, it signifies that the U.S. dollar is strengthening against these other currencies. There are several reasons that could contribute to a rising DXY: Economic Strength: If the U.S. economy is performing better than other major economies, it can lead to an appreciation in the dollar. Indicators of economic strength include GDP growth, employment figures, manufacturing output, and consumer confidence. Interest Rates: Central banks around the world adjust interest rates as a way of controlling inflation and influencing their domestic economies. A rise in the U.S. Federal Reserve's interest rates (or expectations of a rise) can lead to an increase in foreign capital inflows, as investors seek higher returns. This can drive up demand for the dollar. Geopolitical Stability: In times of global uncertainty or geopolitical tensions, investors often flock to what are considered "safe-haven" assets. The U.S. dollar, due to the size and stability of the U.S. economy, is often seen as such an asset. So, during turbulent times, demand for the dollar can increase. Trade Balances: If the U.S. exports more than it imports, there will be higher demand for the dollar. Similarly, if there are changes in global trade dynamics or policies that favor U.S. exports, it could strengthen the dollar. Speculation: Forex markets, where currencies are traded, are highly speculative. Traders' perceptions and strategies can drive short-term movements in the DXY, even if they aren't always based on economic fundamentals. Relative Monetary Policies: If other central banks are pursuing more aggressive monetary easing policies than the U.S. Federal Reserve, their respective currencies may weaken relative to the dollar, leading to a rise in the DXY. Debt and Fiscal Policy: Confidence in a country's fiscal policy and its ability to manage its debt can influence its currency strength. If investors have faith in the U.S. government's ability to manage its fiscal affairs, it can boost the value of the dollar.
TVC:DXYLong
by mazayafx
Will DXY USD Rise Due to BRICS Alternative Currency Credibility? Introduction: Traders are often on the lookout for potential opportunities and risks that can impact the forex market. Recently, the credibility of the BRICS alternative currency has come under scrutiny, leading many to wonder if this could fuel a rise in the US Dollar Index (DXY). In this article, we explore current affairs and discuss why traders may consider longing for the dollar amidst these uncertainties. The BRICS Alternative Currency Credibility: The BRICS (Brazil, Russia, India, China, and South Africa) nations have been exploring the possibility of establishing an alternative currency to reduce their dependence on the US dollar. This move aimed to challenge the dollar's dominance in international trade and finance. However, recent developments have raised concerns over the credibility of this alternative currency. Factors Affecting BRICS Alternative Currency: 1. Economic Disparities: The BRICS nations vary significantly regarding economic growth, political stability, and fiscal discipline. These disparities can undermine the credibility of the proposed alternative currency, as it requires a solid foundation to gain trust and acceptance in the global market. 2. Political Challenges: The BRICS countries face differing political ideologies, hindering their ability to maintain a unified front. Disagreements over economic policies, trade practices, and geopolitical tensions can weaken the credibility of the alternative currency, potentially favoring the US dollar. 3. Global Economic Uncertainty: The ongoing COVID-19 pandemic and its aftermath have caused economic uncertainties worldwide. In such times, investors often seek refuge in safe-haven currencies such as the US dollar, further bolstering its value. Why Consider Longing the Dollar? Given the potential challenges faced by the BRICS alternative currency, traders may find it prudent to consider longing the US dollar. Here are a few reasons to support this stance: 1. Safe-Haven Status: The US dollar has historically been considered a haven currency during economic uncertainty. As market participants seek stability, the dollar strengthens, making it an attractive option for traders. 2. Global Reserve Currency: The US dollar is the world's primary reserve currency. This position grants it significant influence and liquidity, making it a preferred choice for international transactions. Any threat to the credibility of the BRICS alternative currency could further solidify the dollar's dominance. 3. Market Sentiment: Traders often base their decisions on market sentiment. If doubts surrounding the BRICS alternative currency persist, it could lead to a loss of confidence among investors. This shift in opinion may drive them towards the US dollar, potentially causing an upward movement in the DXY. Call-to-Action: Long the Dollar Considering the uncertainties surrounding the credibility of the BRICS alternative currency, traders are urged to evaluate the potential risks and rewards carefully. In light of the factors discussed, longing the US dollar could be a prudent strategy to consider. However, conducting thorough research, analyzing market trends, and consulting with financial advisors to make informed decisions are essential. Conclusion: As the credibility of the BRICS alternative currency faces threats, traders are left wondering about the potential impact on the US dollar. While uncertainties persist, the dollar's safe-haven status, global reserve currency position, and market sentiment may strengthen it. Traders are encouraged to closely monitor market developments and consider longing the dollar as a potential strategy in these uncertain times.
TVC:DXYLong
by bryandowningqln
DXY swing long - back into the rangeDXY took out a key low at 101 with strong reaction back up into the range established in August-September 2022. Idea: DXY will strengthen in upcoming months, pushing the risk on lower. Target for lower highs is around 50% of established range, which for fans of Fibonacci retracement tool is around 0,618-0,705 of current range. Target Price: 110-111 If we see strength around these levels, top of range or new highs will be on the cards.
TVC:DXYLong
by CleoFinance
1
🔔DXY is ready for Pull Back🔔As I expected, DXY broke the resistance lines , and now DXY is moving near the 🔴 resistance zone($103.80-$103.38) 🔴. 🌊According to Elliott wave theory , DXY completed 5 impulse waves at the resistance zone. 🔔I expect DXY to drop to at least the uptrend line in the next few hours. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 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.
TVC:DXYShort
by pejman_zwin
14
Increase of DXY index after breaking the Resistance Line🚀Hi everyone👋. 💡The DXY Index is ready to break the resistance lines; one of the signs is Bullish Marubozu Candlestick Pattern . 🌊If we look at the DXY from the theory of Elliott waves , we will find that DXY is on the way to completing wave 5 (📚If DXY breaks the resistance lines, we can confirm the end of wave 4 📚). 🔔I expect DXY to break the resistance lines and at least go UP to the 🔴 resistance zone($103.80-$103.38) 🔴 in the coming hours. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 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 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
24
DXY LONG TERM TRADE SELLING Hello Traders In This Chart DXY HOURLY Forex Forecast By FOREX PLANET today DXY analysis 👆 🟢This Chart includes_ (DXY market update) 🟢What is The Next Opportunity on DXY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:DXYLong
by ForexPlanet20
DXY Analysis - Weekly Timeframe (ICT)On the weekly timeframe it is more convincing that the last spike down was a sellside liquidity grab in order to start reaching towards the buyside liquidity, starting with the descending trendline. I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous FVG/iFVG as support before heading higher. If price pushes higher into a weekly Orderblock residing above, then I would consider that the last line of defense before the DXY potentially making new highs. I am excited about the possible setups based on DXY in the near future.
TVC:DXYLong
by Road_2_Funded
2