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Dxylong

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
U.S. Dollar the Bull in a field of Bears - USD longThe U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro, Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona. The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets. USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR. The US will likely be able to avoid a recession and a stronger economy. So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
TVC:DXYLong
by CarpeMomentum