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Dxylong

DXY/Dollar Analysis and Trade Idea 2nd week 2023Possibility: Price is into strong support zone 103.00 -103.911 so dollar will face two scenario First : if can price continue downtrend and can break and stable under 103.00 the direction will be downtrend and price will try to reach 101.976 , 101.252 and 100.406 so the commodities, pairs against Dollar and indices will go up Second : if can not stable under 102.953 and price rise up the price will retest again to 104.573 , 105.136 , 106.076 so the commodities and pairs against dollar and indices will back off support line :102.953 , 101.976 , 101.252 resistance line : 104.573 , 105.136 , 106.076
CAPITALCOM:DXY
by xeshaan
Dollar Index (DXY) still in uptrendsAccording to the DXY market chart, the uptrend continues, as it has since 1981. According to the GDP growth data of 1980 to 1982. GDP was negative for six of the 12 quarters. The worst was Q2 1980 at -8.0%.24 Unemployment rose to 10.8% in November and December 1982. It was above 10% for 10 months. From 2020 to 2022, the GDP was negative for four of the eleven quarters. Q4 of 2022 is pending, but the overall GDP situation is the same; the rate hikes are higher to combat inflation. In 2020, unemployment during the COVID period was 14%, but overall after COVID, it was around 3.7%. The market structure of DXY says the recent decline of DXY is a market uptrend signal. The support level is from December 1981 and the resistance is the same as in August 1981.
TVC:DXY
by humairqureshi
2
BACK the $$DOLLAR hedge against the BRICSWith Croatia becoming the latest addition to the BRICS as of yesterday , 2023 isn't looking like much of a thing to celebrate for the Dollar. it reminds me of my ex-girlfriend after i finally was done with all her prison like rules over the years. did i enjoy part of our relationship, yeah maybe? ,but was it fair to me? absolutely f*n not. so here we are! disgruntled, angry , and of-course we decided we needed something new. Russia being the biggest instigator ,in collusion with China just like my 2 best friends , Roman and Charles their zeal to get me out of my previous hell was met with charming delight. brazil ,india the supportive friends adding up my gang of 5 with south africa being the guy who always comes late but makes us order a beer for them each time. Creation of new BRICS recognizable currency will indeed cripple the dollar dominance its had over the global sphere the last 20-30 years. power dynamics at play here ,these nations want some power back to themselves just like i did when my ex-D had me by the ropes ,especially with Taiwan-China relations and as well as Russia-Ukraine war during the course of last year , the need for control has escalated and these super powers feel the need to exercise their influence to gain more strategic overhead . What these super powers don't know is that the US who in this case would be my ex-D , has so many options and you could argue that i have them too but her options weigh far much better than mine, i mean she's a damsel ,who would resist her in her favorite green dress. her control has spread to all parts of my brain , she fed me , protected me ,gave me all i wanted only problem is ,she took more than she gave and that right there is where we might find the problem , i trust her with my life ,heck everybody i know does too . with inflation at peak , CPI will be most certainly be cut , she's so attractive she will have to be supported during this tough break up we in , ''recession'' it's called . stimulation will be at a max and she will raise from the asses that am sure of, strong and independent she is. buy D ,bye D shit i might have drunk alot
TVC:DXYLong
by da-bag
DXY going to perform classic chart pattern and correction I think it is time for DXY to perform another top and confirm it’s double top for a mid term correction, if It falls more than it supply area around 89 then we should see more falling down. But according to overall fundamentals and technical analysis it is not something that we would like to see. Anyway, I think another bull move to 111 is necessary and maybe a bit more than last high (around 114) to face divergence in RSI and then start its falling down correction for more than 4 to 6 months.
TVC:DXYLong
by AtareumFX