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Usdindex

USD Index multiple Bullish signalsUSD Index looking very bullish. Double bottom formed on the weekly and monthly. Monthly MACD cross up about to happen, last time that happened about June 2018 we jumped over 15% from 89.229 to 102.992. If we have a jump 15% from last low it would take us to about 104.457. Double bottom target is about 96.50. RSI on the monthly going up over 48 about to cross up over 50. Bullish Hidden divergence on the MACD as well. All just possibilities.
TVC:DXYLong
by mickey9278
1
US dollar index holds key support ahead of US inflation reportThe US dollar was falling ahead of the midterm elections in anticipation of a Republican Senate and / or House. As the Dems have performed better than expected, we have seen a reversal of these pre-emptive moves on the eve of the US inflation report. Expectations are for core CPI to soften (slightly) - but what if it doesn't? Inflation elsewhere continues to surprise to the upside, and with the dollar holding above key support then the path of least resistance could be higher, unless Reps take 'da house' and Senate ad inflation comes in softer than expected. DXY held above the 109.60 support zone and produced a 2-bar bullish reversal. A bullish divergence has also formed with the RSI (2). Bulls could seek to enter long on retracements within yesterday's candle and place a stop beneath the cycle lows and target the monthly pivot point. But I'd also be looking for evidence of a swing high up to ~112 - but for now the near-term bias remains bullish.
TVC:DXYLong
by CityIndex
Well, well, well. What do we have here?Incredibles news in the last month or so surrounding CRYPTO and the stock market. SBF on the run, exchanges being investigated, even government officials involved. And what ticker constantly pops up? AMC Entertainment. Hidden shorts that have been burried inside shell companies that are now being exposed. FTX doesn't have any AMC shares on the balance sheets, implying that they never held backed the tokenzied stocks as previously assured! 1.5 billion AMC shares, unaccounted for with crypto exchanges!!! What else will be exposed? Either way, we buy and hodl. I can see light at the end of the tunnel. STAY ZEN MY FRIENDS!
ICEUS:DX1!Long
by deradanatellermachtsatt
I will not fall as long as there is the specter of recession.The pandemic caused the dollar to strengthen, despite very low interest rates. There was a moment when it weakened, and that was at the very beginning, until January 2021. After that, it consolidated until June, and then only went up. Why did the USD strengthen, even when rates were around 0%? The crisis has the effect of strengthening the dollar, since all international payments and settlements are made in this currency. In addition, most of the loans that countries take out come from the US. In other words: the demand for the USD was so high that some people began to wonder in 2021 whether there would be a shortage of this currency... For this reason, the FED could 'printed' $9-13 trillion, and the price went up anyway. Something ends, something begins. To make matters worse for all the countries that are borrowing massively in USD in chaos, the FED in March 2022 decided, to start raising interest rates, because inflation in the US started to go up. Of course, the topic of inflation is thicker than just the massive printing. In 2022, Russia attacked Ukraine in February, starting a war that continues to this day. Conflicts are liked by oil, which soared to nearly $130 a barrel. This pushed up fuel prices, followed by the prices of almost every product in stores. By February, the world had forgotten about the pandemic. Late 70s and early 80s. The whole situation is very similar to the late 1970s, when the Iranian Revolution was taking place, which created turmoil in the oil market. American oil then reached almost $40 a barrel. At that time, thanks to this situation and the Iran-Iraq war and the First Gulf War in the 1990s, the Soviets became the world's No. 1 oil producer. All this caused inflation in 1980 in the U.S. to be close to 15%, and interest rates were raised to 20%. Oil a bigger problem than 'printing'. The prolonged conflict in Ukraine, sanctions on Russia, the still destabilized Middle East - protests in Iran, the Taliban in Afghanistan - and OPEC trying to cut oil production daily to drive the price above $100 a barrel... There are so many arguments for oil to rise in the medium term, and only the US fighting it actively by putting its reserves on the market. This could be the main reason for double-digit inflation and high interest rates in the US. Fed against the wall. High rates and low inflation is a better short-term solution than too low rates and stagflation/high inflation. And yet, voices are breaking through to stop raising interest rates because it threatens recession - and it will, no matter how they want to defend themselves - and stop demand. But after all, that's the point; people are supposed to stop consuming maniacally and take out consumer loans to lower demand and help fight inflation faster. I believe the Fed, headed by Powell, are aware of this which is why they will not let up until inflation reaches 2%. Long-term calm. When Inflation starts to fall significantly, the FED will start cutting rates, and that's because Powell is looking hard at the 1980s crisis and Paul Volcker's conduct. One scenario I am considering is: RECESSION → Inflation starts to fall → Rate cuts → 2024-2025 economies get back on their feet and a new bull market begins. This is my long-term view. I wouldn't expect a big weakening of the USD during this time, as it will be supported by high interest rates, still strong demand and when inflation starts to fall, it will also support the currency. I would expect a weakening right after the recession ends. This was the case with the recessions of the 1980s, 2000 and 2007. An uncertain, short-term future. Currently, I don't know what to expect from inflation in the US - the next CPI reading on November 10. If it starts to fall now, it will increase the probability for the Fed to raise interest rates in December by 50 basic points rather than 75 basic points. The USD will weaken temporarily, but it will be hindered by oil, which is getting closer to $100 a barrel every day, and if it exceeds that level, the next CPI readings could be higher. Scenarios. November 10: Inflation down → USD INDEX down → US Indices (SP, NQ, DJ, etc.) up → Precious metals up. Verification at next reading in December. Inflation maintained or up → USD INDEX up → US Indices down (Sell Off) → Precious Metals down. At this point, technically, the short-term USD INDEX is giving a signal for a decline, but a very weak one, so I am not set in either direction and take each scenario with equal probability. Possible scenarios for the coming weeks, but I know that there are still levels below (102) that could be affected if inflation falls now. P.S.. Unemployment has started to rise in the US, which is the first sign that raising interest rates is starting to work.
TVC:DXYLong
by Manticore_Investments
DXY: Still bullish but potential break of the 2022 patternThe DXY (US Dollar Index) broke last week below the 1D MA50 (blue) for the first time since August 11. Despite the drop, the 2022 Bullish Megaphone (or cylinder) is intact. However along with the emergence of a short-term Channel Down (Lower Highs/ Lower Lows), we see the 1W RSI turning on a Bearish Divergence as with Lower Highs and Lower Lows it is going against the Megaphone's Higher Highs/ Higher Lows. The patterns shown on the chart must be respected and breakouts followed. We have denoted potential movements based on: a) Break above the Channel Down = Bullish continuation within the Megaphone. b) Break above the 1D MA50 = Bullish test of top of Channel Down. c) Break below the Megaphone but still within the Channel Down = Bearish. d) Break below the 1D MA100 (green) = Bearish outside the Megaphone, targeting the 1D MA200 (orange). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
TVC:DXY
by InvestingScope
EURUSD Retreats after Rebound FaltersThe EUR/USD encounters solid resistance near 1.0100. The pair's continuous jerk comes on the heels of the greenback's weak recovery, which tries to restore some equilibrium following the recent steep sell-off, as the prospect of the Fed slowing the pace of its tightening plans appears as the immediate threat to the buck's further gains. Investors are taking profits before of the important ECB rate rise decision and the US advance Q3 GDP release. Meanwhile, extra emphasis is expected to be focused on Chair Lagarde's next news conference. On Thursday, the dollar, as measured by the USD Index (DXY), recovers somewhat from prior lows near 109.50. The risk-associated assets saw a lull in their rapid upward momentum, which was amplified by growing rumors of a probable Fed pivot. This has caused the dollar to rise higher. Meanwhile, the Federal Reserve's firmer commitment to maintain raising rates until inflation appears well under control, despite an anticipated slowdown in economic growth and some loss of momentum in the labor market, continues to support the index's underlying bullish tone.
Short
by TradeyMarkets
3
DXY - DAILY TIME FRAME VIEW - Q. What is the biggest confusion you have ever had in trading and how did you solve it? #Financial Markets.... Applying Classical Charts Patterns On The Candlesticks Price Charts: Ans. Hey there, These are one of the most important Patterns which i have replaced the same principles on the charts. we need to apply the same on the price charts. These are found in CANDLESTICK (pricechart). We call them as Classical Chart Patterns and are always seen on any time frame. this shall be in BULLISH OR BEARISH MARKETS the same above image can be reversed for the bearish Markets as well. The question come is that. how to find and trade them. These are the basic principles and very important principles, that one needs to understand them and also apply them on the price charts. just applying with one particular time frame on the same instrument is not the right methodology. We need to have this BULLISH patterns, in minimum of 3-4 time frame..... same applies on the BEARISH MARKETS as well. Next I shall be sharing, how these patterns can be traded and will be seen in the in the Price Charts. Keep Following us for more information. Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
TVC:DXYLong
by Tradelikemee