Dxyviews
DXY very bullish after retracementHi there,
DXY heading for another leg down, I think we completed now wave 3 and we heading for wave 4 for a big retracement on the dollar, which will send eurusd to 1.21 and gold to 1800+
After we make the correction, the whole market will crash with the strong dollar,
Get ready to get in after the correction on GOLD, EURUSD, GBPUSD, NZDUSD, AUDUSD, all will drop hard
Good Luck
DXY - Uptrend to continue if it closes above 92 todayClose above 92ish today, with a backtest of this level, would confirm DXY's move into this range where highs approach 95
I can't see it hitting this high, but it would defo make sense for it to collect some liquidity above 92.8 and test the mids
92.8 lines up well with golden pocket of recent play so that could be the top for DXY imo
If it does move to mids and above it could defo hinder BTC's move to it's ATH and beyond, maybe stalling it and sending it lower to 49's
You could say dollar strength makes no sense due to inflation and money printing but at the same time the DXY is relative to other currences not cryptocurrencies
Other currencies have all become relatively weaker due to money printing and creeping inflation also so the FED printing money doesnt necessarily mean DXY death, not in short term anyway!
A stronger Dollar isn't out of the question - long-term chartFollowing the chart on the one day, i thought it would be interesting to post the weekly chart.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
A stronger Dollar isn't out of the questionThe Dollar index is something I've been grappling with for a while now. I bought into the narrative of a weaker dollar index particularly in light of the mass printing of money by the FED. Surely inflation must be a consequence of the monetary policies that we are seeing...?
It just makes so much sense that we see a cheaper Dollar. But the macro people disagree and their arguments are plausible and so i pay attention.
The biggest dilemma that i buy into with regards to a stronger Dollar index is the weaponisation of the US Dollar. Why would the US let their supremacy decline without a fight? Policy shock in the Dollar perhaps the biggest risk to countries around the world.
My base case is for a weaker Dollar over the next 5 years, however, its not out of the question for the Dollar to strengthen should policy shift.
The DeMarker indicator suggest that the Dollar Index should weaken over the short-term but lets see.
Very tricky....
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
DXY - 🙈 I was expecting.There was not the movement I was expecting.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DXY - i told youlast idea
I think we're going down!
What do you think?
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade