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DXY → Extra losses look likely below 104.00TVC:DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday. The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
TVC:DXYShort
by tradingconmike
📈DXY daily chart pattern📉TVC:DXY CAPITALCOM:DXY Hello traders, please check my previous ideas about the dollar index. If the price stabilizes above the 3-hour Bollinger Midline, the probability of a bullish scenario and a break of the pressure zone (the area between the two trend lines) increases. Otherwise, if the dollar index fails to maintain the support of the 3-hour middle Bollinger line (around the 102.5 level), the bearish scenario will continue to the 100.9 level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
TVC:DXYShort
by CrazyS
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 ShortThe DXY US Dollar Index, which measures the value of the US Dollar against a basket of major currencies, has recently experienced a bearish move, declining from the level of 102.500 to 102.750. This analysis will explore the factors contributing to the bearish sentiment and the potential reasons for the index's downward movement in the specified price range. Dovish Federal Reserve and Interest Rate Expectations: The US Federal Reserve's monetary policy stance plays a significant role in influencing the US Dollar Index. If the Federal Reserve signals a dovish approach, with potential hints at keeping interest rates lower for an extended period, it could reduce the attractiveness of the US Dollar to investors seeking higher returns. This could result in downward pressure on the DXY Index as market participants seek alternative investments with higher yields. Global Economic Recovery and Risk Appetite: As the global economy recovers from the impacts of the COVID-19 pandemic, risk appetite among investors tends to increase. During such times, market participants may shift towards riskier assets and higher-yielding currencies, leading to a sell-off in safe-haven assets like the US Dollar. The improvement in economic indicators worldwide could further dampen demand for the US Dollar, causing the DXY Index to move lower. Trade Balance Concerns and Geopolitical Risks: A significant factor affecting the US Dollar Index is the US trade balance. If the US trade deficit widens or there are concerns about escalating trade tensions with other countries, it could weigh on the US Dollar's value. Additionally, geopolitical risks or uncertainties could lead investors to seek safe-haven currencies other than the US Dollar, leading to a bearish move in the DXY Index. Technical Resistance Levels: Technical analysis of the DXY Index may reveal the presence of resistance levels around 102.500---102.750. If the index encounters selling pressure at this level due to technical factors or the convergence of key moving averages, it could trigger a bearish reversal, leading to a decline in the index's value. Inflation Concerns and Fed Policy Response: Persistently high inflation could lead to concerns about the purchasing power of the US Dollar, prompting market participants to anticipate a more aggressive response from the Federal Reserve, such as raising interest rates. In such a scenario, the US Dollar could face headwinds, resulting in a bearish move in the DXY Index. Conclusion: Considering the dovish Federal Reserve stance, improved global economic conditions, trade balance concerns, technical resistance levels, and potential inflation-related uncertainties, the DXY US Dollar Index is likely to continue its bearish move from the 102.500 to 102.750 levels. Traders and investors should closely monitor relevant economic data, central bank announcements, and geopolitical developments to gauge the strength of the bearish trend and make informed trading decisions.
TVC:DXYShort
by realtrademaster
1
DXY - Tool to assess Risk on/ Risk off scenariosHi guys. Welcome to my TA analysis on the dollar index. ALot of talk has been going on about whether or not we are in a bull market for bitcoin and if equities will rally further or not. In order to assess or determine if its likely that we are, the dollar is used by many analysts to gauge at what the sentiment is, whether "RISK ON" or "RISK OFF". As such i also have come to analyze and use DXY as such a tool. RISK ON = When dollar is decreasing in price, other assets tend to go up. ( Hence we hear people mention "oh, the dollar is inversely related to stocks, crypto) RISK OFF = sentiment is scared to invest and people flock to the safety of cash/dollar, Increasing the value of the dollar and prices of other assets decrease in price With that lets look into what i see in the charts for DXY. This analysis is done on the 2 day timeframe. I've zoomed out to include about 17 years of data. So PRICE ACTION As you can see its interacting with the Red line that is drawn on chart. This is the 200 Day Moving Average. If you look left at all the examples i put up, everytime price action goes down we are below this line for atleast 100 days to as long as couple of years. WE also decline between 2% to as much as 20%. The 2 recent times, we were under it for 380 days and 488 days with price dropping further down. Ofcourse our current price action doesnt have to do this but because it occured previously it is not out of the question. At the least expect sideways action, which is also not a bad thing for RISK ON mentality. BUT as of now we have CONFIRMED below the 200 dma on the 2 day timeframe. I expect the dollar to drop more in the intermediate to longer term of atleast 3 months to a 1 year even. The longer the dollar stays below, the stronger RISK ON mentality gets. This would validate the recent Crypto uptrend and may push equities, housing and others up too. To further support my thesis, check out the 2 indicators i put up 1. RSI - I believe we have further sell off on the RSI and im expecting it to do below the 20 level, as it did in the examples i circled with white. Also notice the white horizontal resistance line i drew. As long as we stay below here, it validates my thesis of dollar staying down. Im expecting atleast 1 touch point near or below the 20 level. RSI is a close indicator of price action, when it points down, price usually follows and vice versa. 2. ADX and DI - Ths tracks momentum. As highlighted red line is crossing up, indicating bearish momentum to pick up. When price action is below the 200 dma and a bearish cross occurs we usually go down in price. CONCLUSION: With everything mentioned, in my opinion i believe DXY to go down further in price, it staying in a downtrend for atleast 3 months to 1 year. Supporting the idea that maybe we are in the beginning stages of a crypto bull market and we may see equities rally more. Thanks for tuning in. Hope this helped. If you like the content, please BOOST, COMMENT and FOLLOW. Check out my other charts on DXY. If you liked what you read, i also do potential buy/sell analysis on stock/ cryptos. DISCLAIMER: This is not financial advice. I am not a financial advisor. Everything expressed in my posts are my opinion and for educational purposes. When trading please do manage your risk and protect yourselves with stop losses.
TVC:DXYShort
by SafofAllTrades
#DXY- BUY XXXUSD to catch Big Moves!!Dear Traders, following yesterday data on NFP we have now identified that USD pairs will be bullish for longer time as fear of recession has risen again, from negative NFP to increasing tax on Capital gains, everything indicating towards a negative DXY; we also have CPI next week which will be interesting and important for the investors and traders. It will be better to leave USD pairs alone on Monday where we will have a better understanding of the price action. Please Like and Follow for more
TVC:DXYShort
by Setupsfx_
17
Dollar Index Chart Analysis.... In this situation DXY chart Lower high wave.So, market need seems sell correction @ 105:2700 and 103:878 and 102:300 support level.If breakout 108.500 resistance level, then market Buy UP to 109:680 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx