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Usdollarindexsignals

U.S. Dollar Index Upward Price Movement Until End of September?Here’s my analysis of the chart: I anticipate an upward movement in the U.S. Dollar Index until the end of September. Please note, this is based solely on time analysis, so the bar charts displayed do not predict future price levels. The trade is still in its early stages, making it relatively low-risk. However, if the price falls below the current candle (first vertical line), this analysis will no longer be valid. Let's see how it plays out, but be prepared to reassess if the price action invalidates the analysis. SpaceIchimoku
TVC:DXYLong
by SpaceIchimoku
DOLLAR INDEX (DXY): Consolidation & Bearish Bias Explained 💵 Dollar Index is trading within a horizontal trading range on a daily. The price tested the resistance of the range yesterday and formed a doji candle on that. As an extra bearish confirmation, I spotted a double top formation on an hourly time frame. I think that the Index will most likely retrace from the underlined red resistance. Targets: 106.35 / 106.17 ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
4
DXY First 1W MA50 test since March. Bullish or bearish?The U.S. Dollar Index (DXY) has come the closest it's been to the 1W MA50 (red trend-line) in 6 months (since March 09 2023). So far the price action has shown a bearish reversal sentiment as the Higher Lows trend-line of the rally since the July 14 bottom, broke last week, but the 1D MA200 (orange trend-line) supported. This bearish sentiment will be confirmed however if the price gets rejected on the 1W MA50, i.e. test it and close the 1W candle below it. In that case we will open a sell on the spot and target the 1D MA200 again and Support 1 at 103.000. If after that the price closes a 1D candle below, we will sell again towards Support 2 (102.000). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
6
US DOLLAR INDEX ____ WHY YOU SHOULD PAY ATTENTIONHey Traders, Long time no see. If you follow me already, you will notice that I draw my bias to trade USD pairs from the dollar index. My bias as you can see for this week is bearish. However, I expect a longer-term bullish move for the dollar. As the price has entered a weekly order block, I expect it to help force the retracement from the bullish rally. Based on this view, I will be posting a few pairs on my radar to trade accordingly. Follow for more. Cheers, David
FX:USDOLLARShort
by jabariofafrica
EXPLAINED DIXIE (US Dollar Currency Index) What, why where, how?The US Dollar has been in the limelight and not in a good way. In fact, he US dollar has not been dimmer since 22 September 2022 where it was trading at 114.42. Currently it’s at 103.90 (9.19%) down… But what does it all mean? Why is the Dixie such a popular index to understand, and trade. You see it in the news every time you turn on Bloomberg and you see it in the publications. So we might as well understand it for the next time they mention the Dixie. IN this short article I’m going to answer the 6 most important questions, to help you understand the Dixie is, how it’s calculated and how to trade it… 1. WHAT IT IS? The U.S. Dollar Index – DIXIE - (USDX) was first intrpduced in March 1973 and is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. 2. HOW IT’S CALCULATED The USDX is calculated by the Federal Reserve Bank of New York and is based on the exchange rates of six major currencies: the euro (EUR) – Accounts for 57.6% - ,Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF) . 3. ECONOMY GAUZE The DIXIE is used as a barometer for the value of the US dollar to base it on the potential strength of weakness of the U.S Economy. 4. TRADED BASED ON The USDX is traded on financial markets, and its value moves based on certain macro aspects such as: Changes in exchange rates, economic conditions, and global market trends. 5. USE Investors and financial institutions uses the USDX is often to hedge against currency risk, as well as to speculate on changes in the value of the U.S. dollar. 6. HIGHER VERSUS LOWER VALUE If the Dixie goes up this means the US Dollar is gaining strength against the other currencies. The more it goes up the more it appreciates which indicates a stronger US dollar – Stronger economy – more confidence in the US dollar. If the Dixie drops, it means the US dollar is getting weaker against the other currencies in the basket for the index. As it drops more, it depreciated which tells us the US dollar is getting weaker which means – a weaker economy and less confidence in the US dollar. If this was interesting let me know in the comments or hit the like button and let me know what else you would like to learn about in bite size information. Trade well, live free. Timon MATI Trader
TVC:DXYEducation
by Timonrosso
US dollar index: DXY bull trend over as inflation cools? DXY fundamental analysis The dollar tumbled after US consumer inflation data fell more than expected in October. Annual headline inflation ECONOMICS:USIRYY fell to 7.7% in October, from 8.2% the previous month and below the 8% predicted. The core measure of inflation ECONOMICS:USCIR , which excludes volatile energy and food costs, fell to 6.3% from 6.6%, falling short of expectations (6.5%). The monthly increase in headline inflation was 0.4% instead of the 0.6% that was expected, and the core increase in inflation was 0.3% instead of the 0.5% that was expected. Lower-than-expected US inflation has prompted investors speculating on slower Fed rate hikes in the future. The probabilities for the December meeting have swung in favour of a 50 basis point hike, which is currently factored with an 80% chance, up from 50% before the CPI release. The expected terminal rate at which the Fed's rising cycle will terminate in May 2023 has decreased to 4.80% from 5.08% before to the inflation report. This means that the markets are currently pricing in an increase of just over 75 basis points until May 2023. US 2-year Treasury yields, which reflects expectations for the Fed monetary policy sunk by 26bps to 4.3%. Expectations of Fed terminal increases and rising US 2-year Treasury yields have supported the DXY bull trend throughout the year. Reduced rate hike expectations are bad news for the dollar, but Fed Chair Jerome Powell's comments at October's FOMC meeting suggest it's premature to declare the end of the raising cycle. Technical analysis The DXY daily chart would suggest that we may be facing the end of the dollar's bullish trend, as the price action in the November 10th session actually broke down the bullish trendline of 2022, and lowered even further than the 50-day moving average. However, for a confirmation of that trend reversal in the DXY, we should likely wait until major Fibonacci retracement levels are cleared by price action. The next level of support is 107.1 (38.2% Fibonacci level of 2022 range), followed by 104.7, which would represent a 50% retracement of the 2022 dollar rally. If bears can break through that barrier, it would mean that they will be in charge of the dollar trend. However, if the Fed pushes back against the slowdown in the inflation rate and signals a more restrictive monetary policy than the market is actually pricing in, we might see some bulls reappear on DXY dip. This contrarian scenario, which seems less likely for the market, could effectively limit the downward movement of the USD.
CAPITALCOM:DXY
by Capitalcom
USDCHF:US DOLLAR BULLS STRUGGLEThe US Dollar Index (DXY), which had risen for three days, started to decline early on Tuesday morning, reaching 111.50. The index of the US dollar versus the six major currencies, which also tracks down US Treasury rates, reflects the market's concern ahead of the crucial central bank pronouncements and the US jobs numbers. The US dollar seems to have been under pressure due to the dismal US figures and forecasts for additional drops in oil prices and inflation. US President Joe Biden on Monday asked oil and gas businesses to use their record profits to lower costs for Americans and increase production, or face a higher tax rate, as he battles high pump prices with elections taking place in a week. We expect the pair to head lower
Short
by TradeyMarkets
XAU/USD declines from $1,670 in the face of a turbulent DXYThe price of gold has fallen significantly since it crossed the $1,670.00 barrier. The US dollar index (DXY) has become extremely volatile due to rumors that the Bank of Japan (BOJ) intervened in the FX markets to strengthen the Japanese yen, which has put some fair selling pressure on the precious metal. The Federal Reserve policymakers are expected to raise interest rates by another 75 basis points at their meeting in November, according to Nick Timiraos, Chief Economics Correspondent at The Wall Street Journal (WSJ). However, Monday's news that North and South Korea had fired warning shots at each other along their disputed western maritime border also appeared to have helped recent US dollar purchases. Concerns that Chinese President Xi Jinping would not hesitate to intensify geopolitical issues with the US when it comes to Taiwan may be on the same lines. The third consecutive victory for Jinping at the annual Communist Party Congress may have contributed to the cause. Future gold price declines are anticipated due to uncertain market conditions and challenges to sentiment.
PEPPERSTONE:XAUUSDShort
by TradeyMarkets