Same movement between 1981 vs 2022 . At 1981 inflation rate was 10.1% Now it 7.7 % in both cases inflation was skyrocketing In 1981 dxy reach 103 then continuo up straight to 169 $ May first target 120$ dont get fool by this rally its a good selling to me . In 1981 started from aug -nov Now started from oct - ?? I think dec GOOD LUCK
Check out the trade plan for DXY today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! DXY can revisit the following highlighted key level to find the support for a reversal. The breakout happened on this expanding channel is very strong and thick.
TVC:DXY The dollar index had a good drop after hitting the ceiling of its fish channel, which can continue for the time being, and it is possible that this drop will continue until 2024, but for the coming week, the path I am considering is that it will move upwards. And after that, it will continue to fall
Not only is there a double top, but the DXY got rejected at its July 14th, 2022 high almost to the penny. This is a sign that the dollar has topped out for now or at least run out of steam temporarily. It's possible It checks back to the uptrend line that dates back to February 10th, 2022 which by my gauge would bring it back to the 106-107 range. The last 5...
This could be a probable scenario: Monday starts rallying, Tuesday or Wednesday makes a weekly high at 109.000, and then starts declining towards 104.000 over the course of Thursday, Friday, and probably next week's first half.
We have started seeing the smart money footprint on their interest to short the USD ever since when we mitigated the Monthly overall bearish order block. the smartmoney already edged and are now preparing to go even more lower to take out long term sellside liquidity that has been accumulated. StefanFX ...
trading opportunity for next week, - Democrat still controll the congres, market will going up but bear still dominated happy trading
Do you think DXY is bullish or its bearish long term, Kindly comment your taughts below... Wdys???
Over the last few months the USD accelerated higher on a secondary support line. This support has broken so we should expect the USD to back-test the primary support.
DXY collapsed on CPI news and still heading to downward. But a short term correction is expected. So I think for next week before going further down it will test 107.200-107.300 zone and then move further down. Dxy will continue it's bearish trend and will hit 104.28 by Friday which is a very strong support zone. Further more Gold was bullish in last week and we...
- Dollar printed a diagonal Wyckoff distribution - Now broken lower - Looking for a 1 deviation drop to below 104 = demand-zone
DXYUSD daily guidance is cautiously bearish. Recommended ratio: 20% DXY, 80% Cash. *DXY and Long-Term US Treasuries are down after a barely dovish October CPI print that has investors thinking that the Fed is going to somehow pause rates hikes in 2023 or slow down on December 14th. Equities benefited from this and if it wasn't for the FTX/Alameda fallout then...
Expecting a push downwards to the next support level then push to the up-side. Short-term bearish, long-term bullish.
Interesting chart here on the DXY daily we can see the sharp pull back to strong support line so that’s one more clue that things are about to get uglier in the crypto space. This past week‘s events have cast the block shadow on the entire industry and likely will put increased pressure on institutions and big investors to further limit exposure. In the life...
DXY started forming a bearish structure due to heavy news we got last weeks. Can we see a bullish move next week? DXY may push higher in the short term to the next supply zone 109. Technically, DXY is reaching a critical and a psychological are 105.0 and also an unmitigated demand zone that can attract buyers to push the USD higher for the short...
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US Doller very log time this type of move i will see, This is good for the Indian and other currencey
DXY long up trend been break down word. If this continued, I would expect to DXY to reach at least 105 - 101. Lets see how's the market work.