Dxyshort!!!!!!!!!!!!!
DXY 240 MINS CHART TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Potential DXY Crash: Anticipating a Substantial Drop to $25I'm eyeing a significant decline in the U.S. Dollar Index (DXY) from its current level around 103, down to 25, driven by escalating inflation, competition from Bitcoin and gold, and the influence of BRICS nations. Should this substantial DXY drop materialize, it would likely benefit commodities, emerging markets, export-oriented economies, cryptocurrencies, and gold due to the inverse relationship they share with the dollar's value.
The recurrent raising of the debt ceiling exacerbates the country's debt load, potentially weakening trust in the U.S. government's ability to service its debt, which in turn could significantly devalue the dollar.
Inflation: If the dollar drops that much, it could lead to inflation or even hyperinflation. The cost of goods and services could rise, which would decrease the purchasing power of the average American.
Interest Rates: To combat inflation, the Federal Reserve may increase interest rates. Higher interest rates can make it more expensive to borrow money for things like mortgages or student loans, which could affect the average American's ability to finance major purchases or manage their debts.
USA is weakening in 17 yearsthe chart is clear, I don't see any need to count this by detail, it's obvious by taking a glance. the US dollar will get weaker and weaker but the US is the strongest country in the world in any aspect so I think it will take at least 17 years for the dollar to become that weak. and by that time maybe they'll figure out a way to stay a hegemon. ( like using a new currency that again the whole world accepts).
DXY - Catch the NEXT xxxUSD massive rally DXY is currently on a SHORT-TERM bearish trend and right, all scenarios point to BEARS at full strength. We expect the next impulse leg to happen around the
Baseline when this criteria is met, we expect LONG opportunities on xxxUSD pairs. Do nothing until DXY is ready.
INVALIDATION
iF DXY manage to fix ABOVE the Previous Week High level, wait for a pullback to exit LONGS on xxUSD
TARGETS
If the SHORT gets triggered, we are looking at a possible TARGET to be around PMth.5 on the HOOD DUITE indicator.
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
A Great Insight On The Week Ahead, Touching On Mindset Wisely This is the first published video of the account
I start with DXY and approach overall direction from a 12 month perspective
I then go lower to a monthly timeframe and work my way down to the daily to get not only a longer timeframe view, but also a shorter one to then take advantage of this data and look at XAUUSD to then gauge a direction to execute in
There are some mindset and tips floating through the recording so do take some notes on the points I raised and don't be afraid to get in contact for a conversation !
Central Banks USD Reserves Drop to Record LowsI am writing to bring your attention to a concerning trend that has been emerging in the global economy. The de-dollarization movement is now evident as central banks worldwide reduce their US dollar reserves to record lows.
This trend indicates that the confidence in the US dollar as the world's reserve currency is declining. As forex traders, we must be aware of this trend and its potential impact on our investments.
The US dollar has been the dominant currency in the world for decades, but this is now changing. Countries in the BRICS (Brazil, Russia, India, China and South Africa) have been actively promoting the use of their currencies in international trade, and other countries are following suit.
As central banks reduce their US dollar reserves, its value will likely decline. This could lead to inflation and a weaker US economy. As forex traders, we need to take action to protect our investments.
I encourage you to sell the dollar and diversify your portfolio into other currencies such as the euro, Australian Dollar, etc. This will help to mitigate the risks associated with the de-dollarization movement and protect your investments.
In conclusion, the de-dollarization movement is now evident, and as forex traders, we need to take action to protect our investments. I urge you to diversify your portfolio into other currencies. Let us stay vigilant and proactive in managing our investments.
DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
DXY aka USdollar aka dollar indexdxy is still bullish at the moment i want to see price action once it pushes up towards 104.4-104.5 area if we get some bearishness there we can see a nice push down if not it will head to that 105 area but this area ia attractive for the fact it created a flip zone here retest and made a move down leaving the orderblock we are testing now
EURUSD Bullishness!!!Hello traders,
Since last week, we saw EURUSD price on a downtrend until Friday when there was a Break in Market structure and a change in the direction of the general trend.
I am anticipating a bullish EURUSD this coming week with our entry at the Fair Value Gap.
Good luck.Trade responsibility.
DXY 3June2023You can see the note that I gave on the chart, the possibility of wave 4 happening later. I still believe DXY will remain bullish as long as the price does not fall deeper than the invalid area, there is a possibility that DXY will fall more than that, but there is a certain limit to how deep the price will fall.
DXY Index Analyze (Road Map, 05/31/2023)!!!🗺️Hi, everyone👋.
To better understand the DXY Index roadmap🗺️, it is better to first look at the DXY weekly time frame:👇(Running well, as I expected ✅)
As you can see, the upward trend of DXY will continue.
Now, I tried to show you the DXY roadmap in the 4-hour time frame using the Elliott wave theory .
It seems that DXY is nearing the end of wave 3, and this wave can end at 🟡 Price Reversal Zone(PRZ) 🟡.
I expect the DXY to return to the first 🟢 support zone($ 103.60-$ 103.36) 🟢 after the end of wave 3 is confirmed and rise again to the top of the 🔴 heavy resistance zone($ 105.80-$ 104.53) 🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.