DXY FAILING 2022 With inflation occuring accross the states, the DXY will fail and fall with a near perfect retracement level hitting nicely with conversion lines.
I predict an economic crisis accross the USA with housing markets failing and more banks failing, loans will be near impossible to get with interest rates hiking.
The Government will continue to state that they will relax inflation by continuesly printing however they will just prolong the economic downfall.
having said all this the rise of BTC Bitcoin and other inflation hedges such as gold will provail.
Dxyshort!!!!!!!!!!!!!
The dollar index breaks below the trendline support...The dollar index breaks below the trendline support after a long time. Since 24th May 2021, the dollar index has been rising, but yesterday, after the CPI report was released, DXY dropped below the trendline.
There is no doubt that technically it has started its downtrend after a long period. So now the question is, will DXY continue its downtrend, or may it create a fake breakout?
It is hard to predict. But from the view of technical analysis, it may test at least 93.85 to 93.00 points in the upcoming days. The moving average ribbon also confirms its downtrend.
The USA is under inflationary pressure, and omicron is spreading more than expected. As a result, the Dollar's index point is fluctuated by other significant currencies moves.
If G-7 countries face the same issues, the DXY may pull back to the upside. But it will take some more time at least. The dollar index may visit 93.00 points to 93.00 points within the period very soon.
At least as long as the DXY is holding below the trendline support, Dollar still has chances to drop more against all the major pairs. SO, keep selling dollars as long as the DXY holds below the trendline support.
DXY D1 - Short SetupDXY D1
Expecting a bearish dollar this week is we can break below this 95.500 price, if we can manage this, we will have set a new low following the consolidation breakout low, therefore continuing this LLLH sequence, we should be well on for seeing our 94.500 retest price.
We have been following this for quite some time now and the move we are expecting still has yet to present itself, but we have still managed to bank nicely from cable/GBPUSD longs
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the counting wave we did, at higher times, a leading trend was formed, and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it would be a zigzag triple.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a is still being completed, and from wave a, the end of wave 3 is unknown, and waves 4 and 5 are not formed in our view.
After the end of wave a, wave b forms a sideways trend that is long in time, after which wave c moves to the size of wave a and is ready to start wave e on the upper side of the triangle.
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Buy rumor sell news. DXY consolidating for another push up.The DXY has been trading a in a range for the most of Q4 2021. We are expecting a fake out of the range to the downside before one last Wave 5 to the upside. This will likely come before the Fed ends their taper March 2022 and create a buy the rumour sell the news kinda event once they start their rate hike increase.
U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bearish candlestick last week, after previously rejecting the resistance level identified at 12257 two weeks ago. Note how this key resistance level has held again – in fact it held just after the FOMC release some weeks ago when it was tested, which is possibly a bearish sign. While this continued decline is not enough to invalidate the long-term trend (the price is well above its levels from 3 and 6 months ago), it is very notable that there is clearly strong resistance here, which is having impact. This suggests that despite the long-term bullish trend, we may now have experienced a major bearish reversal. However, it is also worth noting that the price is now very close to a major support level at 12150.
Overall, I would not look towards the USD as a key driver for any trades over the coming week. For a while, and possible for the entire coming week, there will likely be momentum against the US Dollar, although the Japanese Yen remains considerably weaker.
DXY: A LITTLE BIT MORE DEPPER CORRECTION AND THEN UPWARD BOUNDPrice broke previous high with an Impulse and now making correction, This corrections seems deeper than previous ones, After applying Fibo we have 61% level exactly on Last high and Channel support. Where I exactly mentioned my INTEREST ZONE. Here is the area where I am expecting a long DXY again and all XXXUSD shorts
#DXY Showing Bearish Sentiment BuildingWatch for small scalp potential as it could retrace here.
See chart for details.
Watch next Friday closely. New nonfarm payroll report to be released.
Could cause market to crab sideways till then.
But hoping it makes minor retrace correction here first before the report is released.
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that was performed at higher times, a progressive trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c , which we have now identified in the count, does not resemble a leader, and we assumed that it would be a triple zigzag.
So the count has changed to a triangle, and from this triangle the waves a , b and c are complete, and now we are inside wave d .
From wave d , wave a is still forming.
And from wave a the end of wave 3 is unknown and waves 4 and 5 are not formed in our view.
At the end of wave a , wave b forms a sideways trend that is long in time, after which wave c moves to the size of wave a and is ready to start wave e on the upper side of the triangle.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY SHORTTo survive in the most difficult market and enjoy life
recommendations
1.- Risk Management 1-2% capital per operation
2.- Be patient
3.- Partial profit taking
We are at an ideal point to trade DXY Take its last push before its fall and thus be able to buy in the best areas, so we hope that this graph will also generate good opportunities.
As you can see in other shared ideas, I do not always win, but I am profitable due to good risk management, my profit ratio is at least 1: 3
Do not go crazy, wait for the entrance or put SELL LIMIT, be smart.