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CNY/USD Trend since 06 2007. Channel. Reversal zone.Logarithm. Time frame 1 week. At the moment, the currency is stronger than the dollar. The main trend is a descending channel. The price is in it now. Secondary trend — breakout of the descending trend line. Price growth to the median of the channel, and in case of its breakthrough, to the resistance. If not, then a pullback to the lower zone of the channel. Local trend — The nearest events and news background, which can affect (not necessarily) locally (movements to the median of the channel, i.e., the middle, if it is positive) on the yuan rate. This, in less than 1 month, namely from October 22 to 24, 2024 will be held 7.16 XVI BRICS summit (short for Brazil, Russia, India, China, South Africa) in Russia in Kazan. Line graph for visualization.
Long
by SpartaBTC
2
SPX & Bitcoin Correlation & US presidential election #Spx 1D chart; Let me first talk about the importance of the S&P 500 chart; They are positively correlated (i.e. they move together): *#Nasdaq100 *#Oil *#Bitcoin (sometimes) Now, what I want to draw your attention to is that just before the presidential elections, in September and October, there was always a decline. After the elections, there has been a continuous upward trend in the first 100 days. Not counting the 2008 world economic crisis, this has never changed in the last 3 elections. Even after the 2008 crisis, after falling for a while, it started to rise immediately afterwards. The data we are evaluating here is the first 100 days. In September 2024, I indicated the decline with an orange circle With a decline in October, a long-term uptrend may begin. If Bitcoin also shows a correlation here, which is my expectation as in the #Btc chart I drew earlier, we will start a permanent uptrend after suffering for another 1 month. SP500 end of first 100 days data after the US Presidential election: Post 2020 Election (Joe Biden): +17% Post 2016 Election (Donald Trump): +10% After 2012 Election (Barack Obama - Second Term): +10% After 2008 Election (Barack Obama - First Term): -19%
CBOE:SPXLong
by ugurtash
The W1DOW maker is looming. BEAR MARKET watch. Look at that August Monthly hammer candle after the Yen carry trade wobble. The Global Dow jones index is at an all time new high This rise is BASED on a wall of #FIAT capital that has been clicked and borrowed into existence. And speculation of an AI revolution But Money creation is not wealth creation. An general AI will be deflationary, as more decisions outsourced from Humans to the "mainframe" :0 Most of my idea's I have shared on assets have been to the upside even after bearish down moves. Stocks, Gold & Crypto. Right Back in 2020 I shared a thesis of a Roaring 20's echo meltup and here we are melting up ... Yet the party must end sometime so we watch and have one foot in and foot out from this point. Secular Bull markets have a lifespan of 15-18 years ... and this one has required multiple rounds of QE (liquidity injections) to achieve this run. So we will are looking for #BTC hit $100k the Russell 2000 to make new high's, before setting the stage for a bear market that could be quite extraordinary.
DJ:W1DOW
by BallaJi
Dollar Index Breakdown - Is the Decline Set to Continue? 🤔📉 Dollar Index Breakdown - Is the Decline Set to Continue? 🧐💵 Hey traders, it's time to revisit the Dollar Index (DXY)! We've had some fantastic trading opportunities in the past, especially with the short on USD/JPY, and now, things are getting even more interesting. Despite the Federal Reserve holding off on rate cuts for now, the anticipation is building. Rate cuts seem to be on the horizon, which could have significant implications for the dollar's strength. But as always, I follow the charts, and they’re signaling something big. 🔍 Key Insights: The 100.97 level is shaping up as new resistance for the DXY. We could see a drop below the 100 mark, with a target range between 94.63 and 92.9. Global factors, such as the BRICS nations' efforts to reduce dependence on the dollar, along with geopolitical and economic developments, are adding to the bearish sentiment. With less than a 15% chance of intervention in the coming months, I’m eyeing another short on the dollar. Stay tuned, as I’ll be covering EUR/USD and USD/JPY in my next posts. Don’t forget to check out Bitcoin—it’s shaping up to be the most intriguing asset on the market right now! Let me know your thoughts in the comments. One Love, The FXPROFESSOR 💙
TVC:DXYShort
by FX_Professor
DXY IdeaRegarding my BTC/USD and EUR/USD trades, we’re keeping a close eye on the Dollar Index (DXY). The recent price action has been confusing, but we are currently rejecting last Friday’s heavy selling area. This keeps us within a bearish range, and we’re anticipating a potential market shift to the downside. If this bearish scenario unfolds, we plan to let our EUR/USD trades run over the weekend. Let’s keep observing how this plays out. Stay focused, and let's see where the market takes us.
CAPITALCOM:DXYShort
by themarketknight
Rebound on gold zoneTrend (LT): Bullish above the 200 SMA Trend (CT/MT): Bearish below EMA 7 / SMA 20 Price bounced back to SMA 200, plus stabilization in gold zone (neutral) ROB Breakout Monitoring Wait for potential crossover of EMA 7 with SMA 20 Buying above 47.29/47.30 (approximately) (13% at stake if successful) The stop loss (SL) position will depend on the candle pattern. No sales for me. It is important to note that this analysis is a personal interpretation and does not constitute an investment recommendation. In your opinion, direction SOUTH or north?
NYSE:DALLong
by Yannick1961
1
Crazy people making crazy claimsRecently news outlets have been reporting in 2 things about the US-Mexico relationship 1st is the super peso. 2nd is the lowering of interest rates in the USA. When looking at the news I saw multiple articles contradicting themselves. Saying things like "the mexican peso got stronger because of the rasing inflation" or as in this one where it says the "the advancment is atributed to the coments of Jerome Powell, which gave hope to rate cuts" as you can see in this one : elmanana.com.mx Meanwhile you have this one which shows raising inflation in Mexico, which I have to admit it's true, the cost of living in mexico is rising. This means that every day the mexican peso es less able to afford goods or services. www.msn.com On the other hand with the united states' recent slight decrease in inflation has prompet the FED to be more inclined to realize a rate cut. This in order to boost the markets before the elections. This is very likely to excite the markets, as money from bonds will likely migrate to the stock market. Contrast this with Mexico where the central bank is claiming to reach it's inflation target by the end of 2025. www.msn.com For these people I have some basic economic facts they should be aware of. When you have rasing inflation your currency doen't apreciate it depreciates. Thats because you aren't able to afford buying as much with the same amount. Therefore if the inflation of you currency increases while the inflation on another currency decreases then the most likely outcome is that the decresing inflation currency will apreaciate in contrast to the other one. Aditionally if the US market begins to grow at a faster rate in contrast to the mexican market then the currency will also depreciate. Therefore saysing that the lowering of interest rates in the USA is good for the mexican peso is just insane.
Long
by DarkMessiah777
Bitcoin Weathers the Storm: Resilience Shines Despite DollarBitcoin (BTC), the world's leading cryptocurrency, has surprised many by demonstrating resilience in the face of a strengthening US dollar. Despite a historically observed inverse relationship between the US Dollar Index (DXY) and Bitcoin, this comes. The DXY, which measures the value of the US dollar against a basket of foreign currencies, currently sits at a lofty 106, indicating a robust greenback. This level is significant, having only been surpassed for 34 trading days in the past year. Traditionally, a strong dollar weakens the appeal of dollar-denominated assets like Bitcoin, as investors seek havens in other currencies. However, Bitcoin's current price action defies this historical trend. While not at its all-time high, Bitcoin is currently trading only around $10,000 below that peak, a testament to its continued strength in the market. Several factors may be contributing to this unexpected decoupling. Shifting Investor Sentiment: The cryptocurrency market has matured significantly since its early days, and investor sentiment is evolving alongside it. While Bitcoin was initially seen as a speculative asset class, it's increasingly viewed as a potential hedge against inflation and traditional financial uncertainties. This shift in perception could be mitigating the negative impact of a strong dollar on Bitcoin's price. Institutional Adoption: The influx of institutional investors, such as hedge funds and investment firms, into the cryptocurrency space is another potential factor. These institutions often have a longer-term investment horizon and may be less swayed by short-term fluctuations in the dollar's value. Their presence could be lending stability to the Bitcoin market. Bitcoin Mining Difficulty Adjustment: The Bitcoin network is designed to adjust mining difficulty roughly every two weeks automatically. This ensures a consistent rate of new Bitcoin entering circulation, regardless of the computing power dedicated to mining. An upcoming significant decrease in mining difficulty is anticipated, which could further bolster investor confidence. Positive Developments Within the Crypto Ecosystem: The broader cryptocurrency ecosystem is witnessing continuous innovation and development. The emergence of Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and Layer-2 scaling solutions is attracting new users and capital into the space. This overall growth in the crypto ecosystem could be spilling over and positively impacting Bitcoin's price. Uncertainties Remain: Despite the positive signs, it's important to acknowledge the inherent volatility of the cryptocurrency market. The future trajectory of the DXY and broader economic conditions will undoubtedly continue to influence Bitcoin's price. Additionally, regulatory developments and potential security breaches could pose challenges in the future. Looking Forward: Bitcoin's resilience in the face of a strong dollar is noteworthy. While the reasons behind this decoupling are multifaceted, it suggests a maturing market with a growing pool of long-term investors. As the cryptocurrency ecosystem continues to evolve and gain mainstream adoption, Bitcoin's position as a store of value and a potential hedge against traditional financial instruments could solidify further. However, close attention should be paid to both internal and external factors that may impact Bitcoin's price in the coming months and years.
TVC:DXY
by bryandowningqln