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DXY still hanging on.The dollar index is consolidating at the top of the channel. The price movements are becoming smaller and the breakout will come soon. This breakout can come to the upside or downside and we are favouring the upside. However, there is a chance that a fakeout back into the channel will come before the upmove comes. BULL CASE A break out of the range immediately next week and we see price hit our target of 97.5 BEAR CASE A break down first 95.5 before the up move comes. If this happens we will need to check the price action after the fed announcements of their taper plans. The announcement may be super bullish for risk on assets.
TVC:DXYLong
by IkanBilisCapital
DXY chart held on critical situation..... 07 DECEMBER 2021 DOLLAR INDEX MY VIEW- N.B-This week DXY chart held critical situation. If DXY chart breakout 96.600 resistance level then market goes up to 96.870 & 97.294 resistance level. If break out 96.00 support level then market goes down to 95.700 & 95.00 support 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:DXY
by AronnoFx
2
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. Based on the analysis, we are inside wave 4 and consider wave 4 as a triangle. From this triangle, waves a , b and c are formed and now we are inside wave d . Wave d is most likely zigzagged, and from this zigzag the structures of wave a are formed. Wave a Waves 1 and 2 are over and it can be said that Wave 3 is at the end of its trend, which we have targeted in the analysis. Wave 4 will probably move to the end of wave 1, in which wave 5 will start and move around 98000. And after the completion of wave a , wave b is formed as a flat and wave c moves to the upper side of this 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!❤️
TVC:DXYLong
by mahdisoltaninjad
12
It's not over: It has only just began - XRP Bullish, DXY CrashesFundamentals of a dollar decline are intact, albeit temporary strength has been breathed into the DXY by other collapsing currencies such as the Lira. However, the continued printing of fiat will certainly lead to its diminished value against stores of value such as crypto and gold. On the macro level, crypto continues to act as a dollar fiat hedge. While earlier projections assumed a three legged down trend in the dollar, only the first leg has appeared thus far with a strong bounce. This bounce, however, is certain to fade into oblivion as the tens of trillions of dollars of printing continue to deprecate the dollars purchasing power (US Debt will have tripled by the end of this macro cycle). Many cryptocurrencies, such as XRP are still young in their growth phase. Bitcoin, for example, had 2 Million users during the 2015 bullrun (now 100mln). XRP on the other hand is currently where bitcoin was in 2015 - at the cusp of adoption (refer the JP Morgan and Morgan Stanley articles claiming XRP will be widely adopted after the lawsuit is over). This fact combined with the continued runaway fiat cash printing train will propel XRP beyond most people's anticipated price targets. Even without a win in the lawsuit, nothing can deter XRP from gaining strength against fiat. It's a self-fulfilling prophecy. The FED and other world governments continue to print and spend, strengthening crypto, which attracts long term wealth, which further debases fiat as people flee from holding fiat in favor of crypto. This vicious cycle cannot be stopped by any regulation and thus while XRP could be deemed illegal in the USA, it certainly will not stop growing in market capitalization. The things to look for in the upcoming months are a dollar reversal with a second leg down. The March 2020 Dollar selloff was a precursor of what will come. The recent gains in the dollar are short lived as other currencies collapse. But in the long run, the Dollar Bear has not even begun to hibernate. It's waiting in the woods to mall dollar and fiat bulls. Note: This article is being published at what we believe is an inflection reversal point IE, we believe this is the zone that crypto finds its strength and the DXY continues its crash. Not financial advice. All views are opinions. Analysis is our own.
POLONIEX:XRPUSDLong
by MarketMotives
2
DXY tethering in the balance. We favour the upsideThe dollar index is holding the top of the channel and could break to the upside anytime from here. If in the off case, the macro sentiment changes, the price could break back down into the channel. BULL CASE Our price targets last week of 97.5 stands, price looks good at these levels if you can enter once market opens next week. BEAR CASE If there macro situation clears up and there is clarity on when the fed will raise rates, we should see price drop to 94.2. I'm less in favour of the bear case.
TVC:DXYLong
by IkanBilisCapital
1