oil and gold are trying to go higher but the consumer is tapped out. #deflation
Bear in mind, the consumer is tapped out and the global economy is turning. You cant keep raising the price of oil. The shaded zone shows where the dollar could go. I think dollar strength is going to collapse oil, stocks, and gold in a matter of weeks.
Hello Traders! Here we can see DXY may be coming back down into a discounted market to rally higher. Another way to get retail traders on the wrong side thinking dollar is going to fall again. I would like to see price run the 20 day low(sell side) and rally higher. Seasonally chart shows DXY is bullish this month.
XAUUSD market is down-trending since the it hits ATH at 2070 when Russia-Ukraine conflict escalated for the second time since 2014. In a bearish market, we only look for short setups otherwise we are just forcing trades. In this trade, we have multiple confluences: - Bearish market - DXY strength - Market already broke below the strongest support 1680 - Price...
DXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% DXY, 60% Cash. * The US October Employment Situation today reported 261k nonfarm payroll jobs added (vs 250k expected), a 0.2% increase in unemployment and a 62.2% labor force participation rate. These numbers hardly reflect monetary tightening (labor force participation rate has...
dxy charts and dollar vs japanese yen chart let's compare. About last weeks. The Central Bank of Japan conducted multiple foreign exchange interventions to save its financial system. Concurrent sold treasury bonds and spending dollar reserves caused a correction in the dollar index that we see. Pay attention, I pointed with an arrow on the USD/Yen chart. When...
Movement in this channel may continue if the Fed maintains its position on changes in interest rates and the impact on the money supply. Waiting for border testing with EMA crossing and possible movement towards the first target. While maintaining the policy of raising interest rates and combating inflation, it is promising to achieve the second goal. A test of...
After DXY failed to make a higher high on the weekly, I expect dollar to cool down and pullback for a Higher Low.For the meantime, gold and cryptos will push upwards in price to grab liquidity inside the FVGs
Blah blah blah! There all going to zero the Dollar just slowed down but it's falling. Blah blah blah
Short Call on OANDA:XAUUSD Gold has been in a Bear Run for a while, right now it is testing 50% Fib. level, significant resistance, and a significant daily trendline. Also, November is one of the bearish months for Gold and the most bullish month for DXY as per the seasonals. Your feedback would be appreciated. Best of Luck!
Bullish flag invalidated if green area is lost and if that's the case we're going down to 105.
Falling wedge detected. In my opinion this is a good place to take a long.
Our analysis is based on purely technical outlook. DXY is trading within a support area. Based on our analysis the market will go higher to the next structure resistance. ❤️ Please, support our work with like & comment! ❤️
This is a long term chart of the dollar index. The overlays are: 1) long term regression, 2) 36 month Bollinger bands. The vertical green lines are cyclical "peaks" in the FED Funds rates. Several observations: With the exception of the far left vertical green line, an exceptional period in 1981 when Volcker raised rates to 22 %, all the subsequent peaks in...
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...
EUR/USD resistance is 0.9838 and 0.9889. Support is 0.9739 and 0.9692.
Dollar Index retests the recently broken major trend line on a daily. Retesting that, the market formed a double top pattern on 1H. I believe that now we may expect a correctional movement. Goals: 112.0 111.2 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per last week analysis, we were waiting for DXY to approach the upper bound of the orange channel to look for buy setups. That upper purple circle is a strong zone to look for sell setups as it is the intersection of the blue resistance zone and upper orange trendline....