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DXY Dollar Index : Tighten your seatbelt, airplane in space 9.5Simple, practical, efficient. We are looking at the highest level since March 2020. A very smart trader once told me - Buy low, sell high. And looking at December 2016, March 2020 - Jackpot would have been hit both occasions with a short position, with 15% down for USD on average both times. Now let's connect that to today. What's similar? The level it self. 103.80-104.50 is the range both times the USD came down crashing, showing strong horizontal resistance in this 5 year window. What else? Extreme stretched MACD showing overbought condition only similar to March 2020 and December 2016. And? RSI 14 on weekly chart shows the most stretched overbought condition since 2015, when DXY came down from 100 to 91 within weeks. Now let's look at the other possibility , a clear breakout higher than the horizontal resistance. This would be a breakout of a very long-term consolidation , which would mean the beginning of a new up-trend that could take the USD to highs only seen before 22 years ago and before than the mid 80's. Is this probable considering the extreme overbought condition across big and short timeframes? Is this probable considering the highest national debt in history by far? Is this probable considering the tech bubble burst? Is this probable considering the worst inflation in 40 years? Is this probable considering the rate hike is already priced in? And the list goes on and on. Make an informed decision, don't buy expensive. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! If you found my idea useful please like and follow, it would mean a lot for me. My target is to help as many traders as possible, please comment and let me know what would help you most. I promise to respond to everyone with detail, thanks again :) -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ICEUS:DX1!Short
by Exactus
3
USD Index DXY Strengthening into 113 PTSince summer of 2021, DXY has gained strength and momentum as the broader global economy has begun to face tremendous uncertainty coupled with rampant inflation from unfettered stimulus and "quantitative easing" that began following the housing market collapse ~15 years ago. Articles were written that inflation is dead while the Federal Reserve propped up markets, printing money without thought. The QE environment appeared stable until the global pandemic surfaced and governments around the globe printed even more. At this point, the US Dollar is showing signs as the "best" of a bagful of bloated currencies with a rush towards risk-off safe havens. As it stands, inflation has driven every asset class to extreme levels and is barely showing signs of slowing... the general consensus is leaning to either a significant market correction or let inflation remain out of control. Given price instability, central banks are increasing rates and looking to trim bloated balance sheets which will result in major market pullbacks. Right now, DXY is looking to breach levels not seen since the dot.com bubble as a first leg up... with plenty of room to climb past that given $9 Trillion on the central bank balance sheets, money supply at extreme levels, & inflation at levels not realized in 40 years. Golden cross on weekly with 100 EMA crossing above the 200 EMA in late March. Expect some small pullback as the markets look for a relief rally and exit liquidity before DXY charges upwards. As it stands, "cash is king" and the US Dollar reigns supreme (for now & the near future).
TVC:DXYLong
by R0MM3LL
DXYU.S. Dollar Index The weekly price chart below shows the U.S. Dollar Index rose again last week, in line with the long-term bullish trend, printing a bullish candlestick that closed within the top half of its range, but showed a significant upper wick. This was again the highest weekly close seen since March 2020. Dollar bulls will be encouraged that momentum trading continues, and the price has continued to advance to new highs. However, the pace of the increase has continued to slow down, which hints that the bullish momentum may be declining. Despite the seeming decline in bullish momentum, it will probably be wise to take trades in favor of the US Dollar in the Forex market over the coming week. The greenback is the second strongest major currency right now, after the Japanese Yen.
TVC:DXYLong
by SmoothJB
DXY - CPI Data Day 💣Since it is a big day for the dollar it is only right we take a look at the DXY to get a better perspective on what we can expect. I am in two minds - the daily chart would suggest we have an incomplete compression that needs to push higher to take out early sellers. BUT The four-hour charts suggests that breakout sellers have already been liquidated and that it may be time the buyers get a stop hunt. What will happen is unclear but at least we have two scenarios we can work with depending on price action. Keep this in the back of your mind during trading today and make your own judgement.
TVC:DXY
by AlkalineFX
16
DOLLAR UP // EURO ( CRASH )The strength of the dollar as a currency is increasingly present against other currencies, if the FED continues to raise interest rates in this way and the rest of the countries do nothing with their currencies, we would be talking about an increase in strength for the dollar currency (at least temporarily). An increase in the strength of the dollar, would make a large number of assets and currencies, such as the SP500, Bitcoin, Euro, etc... fall sharply. We are at a critical point, as we have already observed in the previous Euro analysis. If the strength continues to increase, there is a high probability that it could reach the levels of 120. After that level. We would be faced with a new scenario. Where the dollar will ultimately decide the future strength or weakness of the rest of the assets. It would not be surprising that we are facing a final sprint for the dollar where before falling the dollar itself, it will take everything ahead. Good luck to all !
TVC:DXYLong
by javieralcazarono