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DXY - SELL Update Trade update for a short sell recommendation on the DXY (U.S Dollar Index) The Dollar is structurally weaker across the markets based on the following fundamentals. 1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency. 2.) Negative $1trillion current account balance. 3.) $2 Trillion Fiscal stimulus package in 2021 will put further downside weakness on the U.S dollar. We have a downside target of $88.00
TVC:DXYShort
by KayansMarkets
1
DXY- Could it go under 90.50?Two weeks ago I said that I expect 92 support to fall , and now we have this break, and Dollar index is trading at 90.65 at the time of writing. More important is that DXY is now just above another support situated at 90.50. If we look closely at the chart we can see that after finding support at 90.50, USD Index made a short term double bottom that I've spoken about and although we have a correction at that point this was very short-lived and the index reversed and broke under the flag pattern support. I expect USD to remain weak and, indeed, we can have a break under 90.50 support. The next support is around 89 zone and, in this situation, EurUsd can be the best bet for rising and challenge 1.25
TVC:DXYShort
by Mihai_Iacob
1
Dollar Devaluation - DO NOT Be FooledThis is an update to my last Dollar chart a few months ago. Once again, I've been bearish on the dollar for some time now, we see it has broken below support and is starting to fall. We got the break and close below the 93 support level which could lead to a free fall for the dollar. Now, we don't know the exact time frame for this all to happen, and when you zoom into the smaller time frame chart, there are support levels represented by the second line at the 95.50 level that could cause the price to bounce temporarily. Overall, the strength we've seen in Stocks, Gold, Silver, and Bitcoin shows the weakness of the Dollar, and I believe this will continue going into 2021. It's possible we see a bounce, but unless we see a large push back above the 100 level we should expect further weakness from the Dollar.
ICEUS:DXYShort
by CryptoSyphn
DXY to break supportAs I said over the weekend, I expect 92 support to fall, and if we look closely at the price action in USD major pairs we can see that each and every dollar's attempt to strengthen was sold by bears. Considering 3 months of consolidation above this support and the fact that the index is pushing and pressing down I expect this break not only to happen but for USD to spiral down in the medium term. My favorite pairs for buying in this context are: EurUsd, GbpUsd and AudUsd
TVC:DXYShort
by Mihai_Iacob
DXY- A break under 92 means disaster for USD (weekly outlook)For 3 months now, DXY is trading in a range between 92 zone support and 94.50 zone resistance. Although the 92 support has not been broken yet, USD seems very weak with all rallies being very well caped by bears. I believe that this support will fall eventually and USD will spiral down to 88 support. In this context AUD, NZD, GBP, and EUR should be bought against the dollar and I'm looking for a medium-term gain of around 5% for these pairs
TVC:DXYShort
by Mihai_Iacob
3
DXY - Outlook Sept 27 Sept 2020 - Bearish or Bullish? Hmmmm~Hi traders, This is a video analysis on dxy, Take note of all these levels i have explained in the video. I have also attached the 23 Sept dxy video analysis which is still valid. There are some levels that i have explained then, and now it's still true and holding rather well. Cheers! ***Follow me on tradingview for more video analysis**** ****Like and share with all your friends for this dxy analysis*** Thank you and trade safe!
TVC:DXYShort
by FxTradingWarrior