⚠️DXY will Go Down again⏰(15-Min)⏰⚠️DXY Index is running near the Uptrend line and 🟡 Price Reversal Zone(PRZ) 🟡.
According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 ascending waves near the 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD-) between two consecutive peaks.
🔔I expect the DXY Index to trend lower in the coming hours and at least go down to the 🟢 Support zone($106.330_$106.160) 🟢.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 15-minute time frame⏰.
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The dollar suddenly increased after favorable news for America'sThe Fed has raised interest rates 11 times since March 2022, but inflation remains well above target and U.S. central bank officials are taking more aggressive action than in the past. This is thought to be due to a lack of monetary policy adjustment.
When Federal Reserve officials say their long-term inflation target is 2%, they are referring to the percentage growth in the Core Personal Consumption Expenditures Price Index (Core PCE) compared to the same period last year.
The more popular and often cited inflation figure is the year-over-year growth rate of the Consumer Price Index (CPI).
In fact, from May 2023 to the present, the six-month Treasury yield has been consistently above 5.3% and even above 5.5%. Additionally, approximately $1 trillion has been withdrawn from the reverse repo facility since May.
In other words, the U.S. federal government is pumping trillions of dollars previously siphoned out of the financial system by the Fed back into the economy through bonds with attractive yields.
The higher the yield, the more money flows into the financial system. This is one of the strange phenomena in the fight against inflation. The clearest evidence is that M2 money supply fell to a two-year low in April 2023, then stopped declining and even increased slightly in the following four months. Without a reduction in the money supply, it will be difficult to reduce inflation. The Fed tried to tighten monetary policy by raising interest rates and withdrawing money, while the U.S. government increased debt and injected more money into the economy to cover budget deficits. No matter how strong your hands are, you cannot clap loudly. No matter how hard the Fed tries, it will be difficult to control inflation if monetary policy runs counter to monetary policy.
The dollar fell before the US released inflation dataThe US dollar fell in early European trading on Thursday, hovering near a two-week low ahead of the release of key US inflation data.
At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.377, just above its lowest level in day, the weakest level in two weeks.
DXY still shows no signs of breaking out of the trendlineThere has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates.
Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in recent months could prompt the Fed to hold off on raising interest rates. Waller said on October 11 that higher market interest rates could help the Fed control inflation and allow policymakers to consider whether further rate hikes are necessary.
"Overall, the minutes indicate that Fed officials are increasingly concerned about recession risks to the U.S. economy," said Carl Schamotta, chief market strategist at Kopay in Toronto.
The recent weakness in the US dollar is due to a decline in US Treasury yields, with bond prices rising due to the Fed's "loose" stance on future interest rate hikes. Investors are now awaiting the release of the main inflation report today, October 12th, for further guidance on the future direction of interest rates. Additionally, the market is closely monitoring the conflict between Israel and the Islamic organization Hamas.
Conversely, the euro rose to $1.0634, its highest level since September 25th. Meanwhile, the pound rose to a three-week high of $1.2337.
Dutch central bank board member Klaas Nott said on October 11 that the ECB has made "important progress" in bringing inflation down to its target level, but there is still a long way to go and rules out the possibility of inflation rising. He said he could not. Interest rates may rise further in the future.
DXY NEW WEEKLY LEVEL In the last analysis, we expected 108 final peak, but also below the level of 106,200 is bearish. With what we see now, we got a new weekly level and currently higher probabilities show that we are going into a correction.
Things to watch eurusd and spx primarily.
Closing above this level cancels this setup.
You can check below my opinion about DXY
DXY Index will Go Down to 🟢Heavy Support zone🟢(1-Hour)⏰✅The DXY index managed to break the Uptrend line and 🟢 Support zone 🟢.
💫Currently, DXY reacted well to the Resistance line and formed a 💫Shooting Star Candlestick Pattern💫 near this line in the 1-hour time frame ⏰.
🔔I expect the DXY to trend lower in the coming hours , enter the 🟢 Heavy Support zone 🟢, and fall to at least the 🟡 Price Reversal Zone(PRZ) 🟡.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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.
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DXY : Here's what you need to know to start your week.DXY
New forecast
The US dollar index faces the risk of ending its 12-week upward streak, with a possible decline to 104.19.
Factors contributing to the dollar's strength include Fed hawkishness, recession fears in the Eurozone, and weak data from Asia
US inflation data could provide more clarity on the future path of interest rates following Friday's strong jobs report, while minutes from the Federal Reserve's latest meeting on Wednesday will also be looked at closely. Meanwhile, the third quarter earnings season begins and energy prices remain in focus. Here's what you need to know to start your week.
Inflation data
The US will release what markets have been waiting for September CPI data this week as investors continue to evaluate the Fed's rate hikes for "a longer period".
The August CPI report showed the fastest increase in 14 months as the cost of gasoline rose, although core inflation, which excludes food and fuel costs, rose at its slowest pace in nearly two years.
Jobs data on Friday showed a larger-than-expected rise in non-farm payrolls last month as wage growth slowed, suggesting that monetary policy may remain tight for some time.
Federal Reserve meeting minutes
The US central bank is set to publish minutes from its September meeting on Wednesday as market watchers look for clues on whether policymakers are leaning toward another interest rate hike before the end of the year.
Beginning of third quarter earnings
The third-quarter earnings season begins with reports from several major banks as Wall Street investors look for a catalyst to revive stocks in the face of rising bond yields.
⭕️This week’s data
⭕️Monday and Tuesday no data
⭕️Important data on Wednesday: American inflation for consumers and producers
Technical abstract :
The index of Dollar witnessed negative performance in trading before the closing of the last sessions of the week,
on the 4H time frame
The price trade in the bullish channel for a long time and now trade at the bottom of channel and above the support zone 105.22 - 105.61,so we have to wait until get out of the channel and breach the support zone then we will sell .
therefore the downward trend scenario will be remain valid and effective when the price breach that level we mentioned above and will try to reach 104.01 as a next negative target ,taking into account that as long as price trade above 105.61 the price will try to be continue at the bullish trend .
On the weekly time frame
As we see the price closed weekly bearish candle and that is first bearish candle since 3 month , the price pullback from that zone strongly so we expect the bearish tendency will be on control during the next week .
support line : 105.61 , 105.22
resistance line : 106.55 , 107.51
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DXY will Fall by Head and Shoulders Pattern⏰(1-Hour)⏰✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴.
🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago.
🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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.
DXY index bottom and BTC topINDEX:DXY
Possible Targets and explanation idea
➡️weekly (even yearly) FIB top for DXY now we are in a downtrend
➡️last move on DXY will be around 107-109 than down till 2025-2026
➡️Bottom for DXY will be around 92
➡️The same time historically its will be the new high (not for sure ATH) for BTC
➡️After that we will start new bear market in crypto
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DXY - Elliott Wave CountDXY - Elliott Wave Count
DXY - On the Daily charts, DXY displays a clear ABC Wave formation, indicating that the market is likely to undergo a significant correction with Wave C toward the 100 to 95 range. this down move will boost metals & indexes upwards. It is advisable to exercise caution when considering long positions in dxy. However, if the market breaks above 108, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
TVC:DXY CAPITALCOM:DXY INDEX:DXY
DXY MY VIEW 60 MIN 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.
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DXY patience / shortLooks exhausted in my opinion. Denied by the 200 day ema twice after touching support. Still currently at support, wouldnt recommend shorting unless we see a breakdown. Keep it simple, dont short support. However, if we fall below 100.50 im looking to 96 at the minimum. Would benefit other markets.
DOLLAR INDEX DXY The dollar index extended gains to above 107, its most substantial level since November, and tracking Treasury yields higher, as hawkish comments from Fed officials continue to strengthen the expectation that interest rates will remain elevated for an extended period. Meanwhile, economic data continues to signal a resilient economy, with the ISM Manufacturing PMI indicating the most minor contraction in factory activity in nearly a year for September. Several labor market indicators, including the upcoming payroll report and further comments from Fed officials, will be closely watched in the coming days. The dollar strengthened against all major currencies, with the most pronounced buying activity against the Aussie, after the Reserve Bank of Australia held interest rates steady. The greenback also appreciated against the Japanese yen and the British pound.
The United States Dollar Index or DXY measures the performance of the dollar against a basket of other currencies including EUR, JPY, GBP, CAD, CHF, and SEK. The EUR is, by far, the largest component of the index, making up 57.6% of the basket followed by JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), and CHF (3.6%).
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DXY (Dollar Index) is ready for a downfallHi Everyone
The DXY is the back bone for all the investments including crypto
The DXY and the USDT domination is showing weakness confirmed by mathematical modules and analysis, I expect a rise for all major markets (Commodity, stock and crypto)
I hope you Enjoy the ride
Good luck Everyone
DXY| I GUESS THERE IS MORE ROOM FOR DEEP PULLBACK AT 105:30 AREADollar index 4H pull backed supply zone area at 106.30 which am looking a one more leg to the downside to retest 105.30 price level. on the other side, if price now resumes it's rally then i will be looking bearish entries from the top.
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DXY| Q4 FORECAST 01-OCT-2023Dollar Index is approaching 108.00 inflection point where I think it would fill before we sell of all the way to the lows at 100.00 price level which is the completion of the expanding bearish pattern. But there is many scenarios we should expect before the market finds the bearish tune itself, first could be a bearish pullback to 104.00 area to test prev structure and then comeback to fill the gap at 108.00 or we now fill it and sell off as I draw. Keep in mind that the market can reverse right now as we have taken out the liquidity area at 106.00 key levels.
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