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Dxylong

DXY reaching 36 years and 8 months old Resistance!!!I do not post traditional market stocks nor do I trade but I found this one somewhat interesting. DXY will soon be reaching its 36 years and 8 months old resistance. Reaching the resistance it has been forming since Nov 1985 (according to the data provided on tradingview) It will be interesting to watch the coming months as the US economy is facing tough situations here. Fall in GDP in two successive quarters. What do you think? How will it affect the stocks in the coming years? I would love to know your views. Let me know if you want me to look into some stocks. Do hit the like button, it helps! Stay safe #PEACE
ICEUS:DX1!Short
by Cryptorphic
7
DXY BUYFundamental: Overall I have a bullish bias for the DXY (USD), given the current recession, it being the federal reserve and the feds current hawkish. Inaddition this week news on the US interest rate will be released, forecasted to increase by 0.75 making the total interest rate at a massive 2.5%. Increasing the interest rate is often used a strategy to reduce inflation. Technical analysis: The white light represents the 50% retracement line, pirce has bounced between the 38 and 50% RL- Healthy pull back The greens lines show the bullish divergence on the rsi, where the price is making lower lows whilst the rsi is making higher lows. The current upsike on the chart has a HIGHER rsi reading then previous prices at similar or higher levels, showing bulls are increasing. The red box represents a resistance zone in which price was unable to breakthrough, if price manages to breakthrough the resistance zone and THEN find support above the resistance zone then a bullish trend (or bullish thesis) can be confirmed. Trades: The pairs I may trade against the dollar: GBPUSD, EURUSD, USDZAR Pairs I may be trade because of dollar bullishness: EURCAD, EURNZD, EURGBP
TVC:DXYLong
by tabbyfatcatx3
DXY resumes bullish trendTVC:DXY 25 July 2022 Trade Plan Instrument: DXY Timeframe: H4 Description It appears that DXY has completed a 38.2% retrace of the bullish impulse move. Apparently it's due for yet another bullish push to 110.256-110.699 area. Based on updated analysis, our projected Bullish Cypher pattern will be invalidated. However, we attained profit objective 1, and we can safely close TP2 and TP3 trades or just move Stop loss at BE, Nonetheless, price appeared to have resumed Bullish trend with high probability of developing New High as projected. Let's see how it plays out DISCLAIMER Charts are EDUCATIONAL, not INVESTMENT recommendation
TVC:DXYLong
by edgeAZFX
DXY to $110USD dominance will likely continue through the remainder of July. In the 1 week time frame, the red and blue lines of the Phoenix Ascending (PA) indicator are rising as is the momentum (Energy, grey shaded area). Given the levels of the blue and red lines, we will likely see the DSX push up to around $110, which is between the upper aqua and upper red Bad Ass Bollinger Band (BA BB). The fixed range volume indicator (FRVI) suggests an ease of upward movement for prices greater than $105. Not financial advice.
CAPITALCOM:DXYLong
by Eightchains
4
1207 Dollars Index now is targeting 111.2Hello traders, Dollars got a breakout after NFP last Friday. EURUSD now only 1.0, this is written in history now. Dollars could take a correction back to 107.5-108 before any new leg up. Take your chance to join the buyer team. I dont think any discussion here to anticipate the end of bull trend for DOLLARS is helpful for now. So why not just follow its main trend and try to find your chance. Sell EURUSD when you got a chance. Also GOLD. GOOD LUCK !!! LESS IS MORE!
TVC:DXYLong
by FUNTRADER-Vera
The USD is going to zero relative to BitcoinEarly today I was talking with a good trader friend, whom I respect very much, about Bitcoin. I said that "the U.S. dollar is going to zero relative to Bitcoin". My statement seemed to have ruffled his feathers quite a bit and he replied in a manner that suggested I was ludicrous for thinking that Bitcoin could ever be more valuable than the dollar, or that the dollar could ever go to zero. Interestingly, though, the fact is that mathematically speaking, the U.S. dollar has already effectively gone to zero relative to Bitcoin over the past decade, as the above chart shows. The equation 1 over BTCUSD is mathematically the same as USD/BTC or the relative value of the USD to BTC. As the chart shows, the USD is approaching zero relative to Bitcoin, and despite the "crypto winter" the trend is still holding up. Notice, interestingly that the 20 EMA is resisting further declines in the relative value. While this single metric may not indicate the absolute bottom is in for Bitcoin, it is a fact that the USD/BTC equation suggests, to a higher degree of mathematical certainty, that the US dollar has already and will continue to move ever closer to zero relative to the value of Bitcoin. It's hard for people who do not understand logarithmic growth and decay to look at the Bitcoin chart and see anything but a shattered bubble right now (in 2022). I have seen multiple reputable traders try to impose a measured move on Bitcoin invalidly projecting it into negative numbers. Meanwhile, the trend is holding up, and between the US dollar and Bitcoin, over the long term, the logarithmic decay will likely continue for the U.S. dollar as measured relative to Bitcoin. Indeed, the fact that the value of the dollar is going to zero on a relative basis is nothing new. This very fact is why we almost always have some degree of inflation, and very rarely deflation. With each new dollar printed the previously printed dollars are worth less. The chart below shows the downward movement of the value of the U.S. dollar toward zero relative to its past value. At some points in history, such as when the Federal Reserve moved away from the gold standard and when it began quantitative easing, the dollar's move toward zero has accelerated. This is logarithmic decay. While the U.S. dollar is and always has been moving toward zero relative to its past value, it has not been until the past decade or so that a decentralized cryptocurrency using blockchain technology has come into existence as a means to hedge the dollar's decline. Anyone who does not hold any Bitcoin in their portfolio whatsoever as a long-term investment will regret it in the decades to come. Right now Bitcoin is on sale because the Federal Reserve has been reducing the money supply to curve inflation and temporarily giving the dollar a relative bump. This is a mere hiccup in the broader trend of the log curve growth in Bitcoin relative to the USD. It's simple math and simple economics. Supply and demand dictate price. While the Federal Reserve will eventually restart the printing press and print limitless more U.S. dollars, the number of new Bitcoin coming into existence will be much less and is ultimately finite. Both Bitcoin and the U.S. dollar are fiats in the sense that the actual asset does not have inherent worth, both are merely valuable so long as people's faith in the underpinnings of the asset remains. While the U.S. dollar's status as the reserve currency diminishes over time, Bitcoin's adoption continues to grow. Only time will tell which currency will be a better store of value over time, but the charts and the basics of economics make clear that a finite asset like Bitcoin inevitably is a better means of storing wealth than holding cash. So long as the money supply continues to grow exponentially, the value of the dollar will follow a logarithmic decay. To have all your eggs in one basket, regardless of which basket, will likely prove a bad decision over the long term.
INDEX:BTCUSD
by SpyMasterTrades
5
AUDUSD bout to go down underA couple of key factors here need to come into play, inflation figures need to come back worse than expected in July, followed by the fed becoming more hawkish with their monetary policy. Australia will follow suit and hit that cash rate target of 3-4%. Cost of living isn't taking a reprieve and the mining industry isn't saving the australian economy atm. If we see a reversal of QT from the fed we could see a bounce in risk on markets. But for now the USD looks to reign supreme. Shorting the bear flag to 0.6780 with a breakdown in the support we could see a bearish continuation to 0.6100! Things are getting spicy and you're kidding yourself if you think the markets seen the last of volatility. NFA DYOR
Short
by jakec90
DXY more room for up before short sell DXY or dollar index had saw a nice bullish momentum for the upside, and that because of the inflation and the delta between dollar fed fund rate and the other foreign currencies rates. last week a ECB member told the press that the ECB will start to raise rates gradually this year to fight against inflation, this will narrow the gap between interest rates. DXY can push more up for this moment to 110.00 level before facing a major threshold where United States Dollar will be less attractive in comparison to other currencies.
TVC:DXYShort
by ghattas360
Did the Dollar Index Just Top?This is a chart of the U.S. dollar currency index with Fibonacci Retracement levels applied. These Fibonacci levels take the entire history of the dollar index into account as they were drawn from the all-time high in 1985 to the all-time low in 2008. On the bottom is the monthly RSI. It is extremely rare for an asset to create bearish divergence on a timeframe as high as the monthly chart, as the dollar index just did at the close of June! Specifically, the dollar index closed June with a higher price than it closed in April but with a lower RSI. When price continues to move higher but the RSI moves lower this is a bearish divergence, and it usually indicates a reversal especially when the divergence occurs at overbought RSI levels. Bearish divergences have similarly been occurring on the weekly timeframes for the dollar index. These divergences are used by experienced traders as sell signals. Neither the commodity charts nor the Eurodollar Futures are confirming the dollar index's continued move higher. With the economy slowing rapidly, there's little reason to believe that the Fed will become any MORE aggressive than it already is. If the Fed will not get any more aggressive than is already priced in, the dollar index should not go any higher. While anything can happen, now that the dollar index has even reached a Fibonacci level, it seems quite likely that a major top is underway.
TVC:DXYShort
by SpyMasterTrades
6