DXY: News prediction!My Outlook
The unexpected increase in inflation is not a positive development, contrary to what some headlines may suggest. While we anticipate a decrease in inflation, it is unlikely to reach the Fed's target of 2% for several years. This means that the US will likely have higher interest rates than other countries, even if inflation rates are higher elsewhere. This could result in a stronger dollar for an extended period, potentially throughout the year.
Dxytradingsetup
DXY 16May2023In my opinion, the dollar index this week will tend to be bullish, where the price looks to breakout from the previous swing high, even though there is a possibility of a correction, as long as this correction does not fall further than the invalid line, then the bullish trend is still a priority analysis
DXY EXPLOSIVE MOVE (LONG)= xxxUSD CRASHDXY is currently showing sign of strength from the BULLISH breakout we had last week, now we expected another explosive move to the upside.
DXY LONG = xxxUSD crash
INVALIDATION
If by any chance DXT goes below 101.360 that invalidates the BULLISH break, close all LONGS when this happens.
TARGETS
Overall TARGET for DXY is 200EMA on the D1
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
DXY: Event influence!Hello traders, I have some USD related information to share with you ♥
US Dollar's position as the primary global reserve currency is being challenged
The US Dollar's share of the global market has decreased from 71 percent to 59 percent over the last two decades and could shrink even further in the future. The primary victim in this scenario is the United States, as currency usage in global trade is a zero-sum game. Each time a Yuan, real, or Rupee is exchanged on the global market, a Dollar is not. If credible alternatives gain steam, the dominance of America in the global market will be compromised.
DXY- Great chances for a riseAfter the low back in February, 100.50 held strongly, and also yesterday, after a drop in that zone, bulls took control leaving a bullish engulfing on our daily chart.
At the time of writing the index is trading at 101.39 and there are good chances of a rise above 103.
I'm bullish as long as 100.50 is intact
DXY Index Next Possible MovePair : DXY Index
Description :
Divergence
EXP Fiat as an Corrective Pattern in Long Time Frame
Completed " 1234 " Impulsive Wave
Break of Structure
Symmetrical Triangle
Completed " ABC " Correction in Short Time Frame
Bullish Channel as Correction in STF
Rejection from Upper Trendline or Fibonacci Level ( 78.60% - 100% )
Using The DXY To Trade Currency Markets Pre NewsHey Traders,
As you know we have a wave of news coming tomorrow that could move markets.
Often my students ask me how to use the DXY appropriately as a tool for currency markets. The secret is to not make it confuse you. Do not let it sway your decisions so that you can't move a muscle unless all is perfect.
Use it for value and use it as a gauge.
Any Q's drop below.
So here it is as a tool.
Watch and trade safely.
#DXY- BUY XXXUSD to catch Big Moves!!Dear Traders, following yesterday data on NFP we have now identified that USD pairs will be bullish for longer time as fear of recession has risen again, from negative NFP to increasing tax on Capital gains, everything indicating towards a negative DXY; we also have CPI next week which will be interesting and important for the investors and traders. It will be better to leave USD pairs alone on Monday where we will have a better understanding of the price action.
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