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Dxysignals

DXY Analysis - Short SetupI am under the anticipation that XXXUSD pairs are accumulating and USDXXX are distributing. Based on the current price action of the DXY chart, I am anticipating weakness in the Dollar. This is the setup I have based on DXY, which would have to be translated to respective Forex pairs and/or Commodities, etc. The safest protocol at the moment is to wait for convincing displacement and structure to form before taking the trade. We have CPI and PPI at the end of the week, so I will see how price forms before that. 2 possible scenarios I will be looking for. 1.) DXY creeps up during the week until CPI to my point of interest, then that could be a good signal for this analysis to play out. 2.) DXY creeps down then pumps up during CPI, and then lingers at my point of interest before PPI, then that could also be a good confluence. My only concern is that the DXY wants to continue rallying to take out the higher timeframe trendline liquidity and fill imbalances back at a Premium level. I would be surprised due to the increased hedging by commercials. But, anything is possible! Yours truly, R2F
TVC:DXYShort
by Road_2_Funded
What do we expect from the DXY index this week❗️❓🚀The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻. 💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA . 💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a Bear Trap. 🔔I expect the DXY to have a bullish trend this week and ⚔️attack⚔️ the resistance lines. 📚In general, I try to show you all the points of technical analysis on the chart, which also has an educational aspect(I apologize for the busy chart).📚 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.
TVC:DXYLong
by pejman_zwin
27
DeGRAM | Dollar Index confluence levelDXY is approaching the major resistance level by making higher highs. Price action may create an AB=CD pattern or an equal-measured move. Price action created a nice long opportunity where a couple of confluence lines up with the support level. Previous resistance becomes support; 38.2% fibo level bullish harmonic pattern and of course the price in the bullish trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
2
DXY ShortThe DXY US Dollar Index, which measures the value of the US Dollar against a basket of major currencies, has recently experienced a bearish move, declining from the level of 102.500 to 102.750. This analysis will explore the factors contributing to the bearish sentiment and the potential reasons for the index's downward movement in the specified price range. Dovish Federal Reserve and Interest Rate Expectations: The US Federal Reserve's monetary policy stance plays a significant role in influencing the US Dollar Index. If the Federal Reserve signals a dovish approach, with potential hints at keeping interest rates lower for an extended period, it could reduce the attractiveness of the US Dollar to investors seeking higher returns. This could result in downward pressure on the DXY Index as market participants seek alternative investments with higher yields. Global Economic Recovery and Risk Appetite: As the global economy recovers from the impacts of the COVID-19 pandemic, risk appetite among investors tends to increase. During such times, market participants may shift towards riskier assets and higher-yielding currencies, leading to a sell-off in safe-haven assets like the US Dollar. The improvement in economic indicators worldwide could further dampen demand for the US Dollar, causing the DXY Index to move lower. Trade Balance Concerns and Geopolitical Risks: A significant factor affecting the US Dollar Index is the US trade balance. If the US trade deficit widens or there are concerns about escalating trade tensions with other countries, it could weigh on the US Dollar's value. Additionally, geopolitical risks or uncertainties could lead investors to seek safe-haven currencies other than the US Dollar, leading to a bearish move in the DXY Index. Technical Resistance Levels: Technical analysis of the DXY Index may reveal the presence of resistance levels around 102.500---102.750. If the index encounters selling pressure at this level due to technical factors or the convergence of key moving averages, it could trigger a bearish reversal, leading to a decline in the index's value. Inflation Concerns and Fed Policy Response: Persistently high inflation could lead to concerns about the purchasing power of the US Dollar, prompting market participants to anticipate a more aggressive response from the Federal Reserve, such as raising interest rates. In such a scenario, the US Dollar could face headwinds, resulting in a bearish move in the DXY Index. Conclusion: Considering the dovish Federal Reserve stance, improved global economic conditions, trade balance concerns, technical resistance levels, and potential inflation-related uncertainties, the DXY US Dollar Index is likely to continue its bearish move from the 102.500 to 102.750 levels. Traders and investors should closely monitor relevant economic data, central bank announcements, and geopolitical developments to gauge the strength of the bearish trend and make informed trading decisions.
TVC:DXYShort
by realtrademaster
1
Beware of Relying on Dollar Price Moves to Predict Bitcoin's FutThe inverse relationship between the US dollar and Bitcoin has long been a reliable indicator for traders seeking to gauge the potential movement of the cryptocurrency market. Historically, when the dollar strengthened, Bitcoin tended to experience a decline, and vice versa. This relationship allowed us to make informed decisions and manage our portfolios effectively. However, it is essential to recognize that the dynamics of this correlation have started to shift, posing potential risks to our trading strategies. Over the past months, we have witnessed instances where the US dollar has weakened while Bitcoin continued to soar to new heights. This decoupling of the two assets challenges the reliability of the inverse correlation we have grown accustomed to. While it is tempting to continue relying on this relationship, doing so mindlessly may lead us astray and result in significant losses. Therefore, I strongly urge you to exercise caution and refrain from using dollar price moves to indicate Bitcoin's future direction. Instead, let us analyze the underlying factors that drive the cryptocurrency market, such as market sentiment, regulatory changes, technological advancements, and institutional adoption. By adopting a more holistic approach to our trading strategies, we can better position ourselves to successfully navigate the evolving landscape of digital currencies. In light of these developments, I encourage you to diversify your sources of information and stay updated with the latest market news and expert opinions. Engage in meaningful discussions with fellow traders, share insights, and challenge conventional wisdom. By fostering a community that embraces critical thinking and adaptability, we can collectively navigate the uncertainties of this ever-changing market. Remember, the cryptocurrency market is highly volatile and subject to various external influences. Relying solely on the inverse correlation between the US dollar and Bitcoin is no longer reliable. Let us be vigilant, open-minded, and proactive in our approach to trading. If you have any questions or concerns, please do not hesitate to comment. Together, we can navigate these challenging times and adapt our trading strategies to ensure long-term success.
TVC:DXY
by bryandowningqln
U.S.Dollar Currency (DXY) 💵Dollar Forecast Loaded with Volatility Potential but Can It Find a Trend? The Dollar has put in for a significant retreat these past few months, but recent bearish progress has come at a much more reserved tempo Event risk ahead is dense and may overlap in terms of market-moving potential, particularly between Tuesday’s CPI and Wednesday’s FOMC decision Market liquidity and seasonal influence will be a critical consideration of trade in the week ahead with the subsequent final two weeks likely to see a significant drain in market depth From the DXY Dollar Index’s multi-decade peak set back on September 28th, the Greenback has undergone significant retracement. Then again, the tempo of that slide has been much choppier after the charged reaction of the October CPI release (back on November 10th) wore off. To better determine the potential of the world’s largest currency moving forward, it is critical to assess what is the most important motivation for capital flows into and out of the US going forward. On the one hand, I keep a steady focus on the Dollar’s safe haven status, but this more of an ‘absolute’ sentiment role. While the S&P 500 and DXY have experienced an inverse correlation the past six months, the 20-day rolling correlation at present is only -0.38 (inverted but of modest strength). The complication is that the US currency also has a yield advantage – that is heavily speculated upon – and the expectation for significant risk trends is uneven at best. While the week ahead promises/threatens serious volatility potential, the serial nature of its listing will likely work against gaining clear momentum behind a theme and thereby price. That said, expectations for an overloaded docket and seasonal drain will meet a backdrop of high, realized volatility (see the 4-week ATR below). The saying ‘this time is different’ is echoed through the markets for a reason. While the consideration of the Dollar’s safe haven status is something to always keep in mind, the need for an extreme reading to activate its influence should keep us focused on monetary policy first and recession concerns second. The US benchmark rate is just a quarter percent off the leaders – the Bank of Canada and Reserve Bank of New Zealand – heading into the new week of trade. With the Wednesday FOMC rate decision, it is likely that the US central bank regains its top rank. Economists are forecasting a 50 basis point rate hike that would lift the benchmark to 4.50 percent with Fed Fund futures placing the probability of a half percent increase at 77 percent (the balance calling for a fifth consecutive 75bp move). While 50bp is still a large move, it is a slowdown from the incredible tempo these past six months. What markets will truly focus on the implications for how far – and how fast – the Fed will move in 2023. The so-called ‘terminal rate’ is seen at 5.00 – 5.25 percent reached by May. This will shift a lot of the focus on the Summary of Economic Projections (SEP) which will include official interest rate expectations for the entire year. And, while the markets are pricing in expected rate cuts through the year, the FOMC members have been adamant that they expected to hold the rate after hitting peak. When looking at the DXY Dollar Index’s chart, the structure looks choppy without much in the way of clear technical guidance – that is likely because it is a composite of major crosses where there is far more trade that would establish the components technical backdrop. For fundamental insight, there isn’t a better representation of the Dollar than EURUSD itself. Beyond its position as the world’s most liquid currency cross, the monetary policy and economic considerations between the two draws lots of contrast. The Fed is set to moderate its pace of hikes to coast to a peak sometime around mid-2023 while the follow through of the ECB’s course is up in the air (the group is not particularly renowned for its messaging). Considering the European Central Bank is also on deck for updating on rates Thursday, EURUSD will see a back-to-back monetary policy update Wednesday to Thursday. That may act to amplify or cool any market movement here depending on the outcome, but rate expectations have been aligning more distinctly to the FX pair when using the EU to US 2-year yield differential as the proxy.
TVC:DXYShort
by moonypto
2
DXY Analysis. Next week plan.Hello Everyone. I want share my idea about USDOLLAR index. Last week was strong bearish, but this week we saw some correction. it broke Daily resistance last week and this week came for retest. I think present point for short entry is good opportunity. from here i expect movement to 97.8, at this LVL we have weekly support. This is my 2 scone of price movement. 1 Bullish - price brake given resistance at 101.1 strong, then it coming back slowly for price correction and then going strong up again and brake all resistances. 2 Bearish - from the point what we have at the moment price has rejection and continues bearish trend, coming to weekly support at 97.8 where will be my take profit. Be patient!
TVC:DXYShort
by elmakacho
DXY made a huge bearish break-out. The 1W MA200 is next.Last time we looked at the U.S. Dollar Index (DXY) we gave a sell signal on the exact top, the Lower Highs trend-line (chart below): Our first target (102.000) got hit, which was basically the 1W MA100 (green trend-line) that supported on the May 08 bounce. This week, that trend-line broke emphatically (also the 100.825 Support) and that is a strong bearish break-out signal. Technically the 1W MA200 (orange trend-line) is next, which has been our second target (98.550) since our June 04 analysis. Notice also that even the 1W RSI broke below its 35.05 Support, a clear indication that the long-term strength has shifted to bearish. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
Mind-Blowing Surge: US Dollar Skyrockets 5000% against Argentina I come bearing astonishing news that will undoubtedly leave you stunned and intrigued. Brace yourselves for a mind-blowing revelation: the US dollar has soared an unprecedented 5000% against the Argentina peso! Yes, you read that correctly! The US dollar's monumental surge against the Argentina peso has sent shockwaves through the forex market. This staggering increase has left many traders astounded, and rightfully so. It is a testament to the volatile nature of currency fluctuations and the potential opportunities that arise from such dramatic shifts. As we witness this extraordinary event unfold, it is crucial to consider the implications and potential ramifications. Countries like Argentina, grappling with economic uncertainties, are now contemplating the adoption of the US dollar as a viable alternative. This development has sparked a flurry of discussions among economists and policymakers, drawing attention to the stability and strength of the US dollar in tumultuous times. In light of this monumental shift, I urge you to carefully evaluate the potential benefits of including the US dollar in your forex strategies. One effective way to gauge the US dollar's performance against a basket of other major currencies is by monitoring the Dollar Index (DXY). This index, which measures the dollar's value against a weighted average of six major currencies, can provide valuable insights and assist in making informed trading decisions. Considering the recent surge of the US dollar against the Argentina peso, keeping a close eye on the DXY becomes increasingly pertinent. By doing so, you can stay ahead of the curve and capitalize on potential opportunities that arise from countries considering the adoption of the US dollar. So, fellow traders, let us seize this moment of surprise and possibility. Explore the potential of the US dollar, leverage the power of the DXY, and stay one step ahead in the ever-evolving forex market.
TVC:DXY
by bryandowningqln