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Dxyanalysis

DXY Analysis. CPI Day! No trade today!Hello Everyone. I want share my idea after we will get some news from CPI. In my last analysis of DXY my price prediction still short (i will link that idea in this post) My price prediction is still Short. on high timeframe from weekly trendline we have some pretty bearish movements. I think until cpi numbers it will touch daily trendline then it will retest weekly trendline, if there will be not new sellers the price will brake easy that trendline. TODAY I WILL NOT OPEN ANY TRADE UNTIL CHART WILL BE NOT CLEAR! Good luck Everyone.
TVC:DXYShort
by elmakacho
DXY Analysis. Crazy week incoming!!!Hello Everyone. I want share my idea about USD Index. After big and strong downtrend dollar found strong buy LVL and from here it started uptrend but at high timeframe we see its still bearish. Friday we saw strong sell but its looks like new low, i think the little bullish trend will continue, it touch weekly trendline or daily resistance, and then we will see another strong bearish movement. This trend started after unemployed/employed rate news, next week is more crazy, we have month cpi and other big news. My price prediction is 2 side and simple. 1 Bullish - price has big reaction on this daily trendline, it brake daily resistance and weekly bearish trendline, then retest that zone and price is going up side. 2 Bearish - price going to weekly bearish trendline, from here it has big rejection and price coming down again, braking July low and test second big weekly resistance at 98.000 LVL. Be Patient!!! Next week will be full of manipulations, Be carefully!!! Good luck everyone!!!
TVC:DXYShort
by elmakacho
1
DXY 30Min Support and Resistance ZoneIn the realm of trading, every move matters, and the DXY 30-minute chart holds vital clues. Join us as we delve into the technical intricacies, uncovering the critical support and resistance levels that can shape trading decisions. Support Levels: 101.7016: The primary foundation. A bounce from here could trigger a potential upward move. 101.5525: A step deeper into support. Watch closely for possible shifts around this level. 101.3313: The lowest support. If breached, it might hint at a more significant trend change. Resistance Levels: 102.4500: The immediate challenge. A breakthrough here could pave the way for further upward momentum. As always, keep in mind that markets are dynamic and can change rapidly. These levels are guides, not guarantees. Consider broader market factors, and use these technical levels wisely in your trading strategy. Stay vigilant and happy trading!
CAPITALCOM:DXY
by enclavefx_Analaysis
75: DXY's Reclaimed 102.6: Eyes on Long Positions around 102.4Greetings, traders! 📊📈 A new chapter is unfolding in the world of the DXY (US Dollar Index) as it resurfaces above the 102.6 mark. This resurgence has ignited discussions about potential long opportunities near the 102.4 region, presenting an intriguing prospect for those closely monitoring this market movement. 🔀 Shift in Dynamics: With the 102.6 level now back in play, the landscape is shifting. This pivotal juncture, now functioning as a support-turned-resistance, signals a renewed bullish sentiment. Coupled with the proximity to the 102.4 zone, previously holding as a support, the stage seems set for potential long positions to come into play. 📉 Analyzing the Context: For those considering a long play, it's essential to stay attentive to the prospect of a pullback toward the 102.4 area. This could be an opportune entry point, especially if accompanied by encouraging bullish confirmations such as robust candlestick patterns or indicators signaling an upward trajectory. 🎯 Strategizing for Profits and Risks: As you craft your long strategy, mapping out profit targets around significant resistance levels or recent highs is prudent. Pair these targets with a well-placed stop-loss, likely positioned below the 102.2 level, to mitigate risk and cushion against potential adverse market movements. 📆 Event Sensitivity: Maintain vigilance over forthcoming economic events or announcements that might sway the DXY's course. These factors, combined with the broader market sentiment, can play a pivotal role in shaping the outcome of your long-trade scenario. 🚧 Ready for Contingencies: In the unpredictable realm of trading, having a contingency plan is a must. Should the DXY falter and dip beneath the 102.4 support, being prepared to reassess and recalibrate your trading approach is crucial. 📖 Unending Learning Journey: Remember, the path of a trader is one of perpetual learning and adaptation. Take advantage of this opportunity to refine your technical analysis skills and deepen your grasp of market intricacies. Disclaimer: This post is intended for educational purposes only and should not be construed as financial advice. Always conduct thorough research and seek guidance from financial professionals before executing any trading decisions. Wishing you all success on your trading endeavors! 🚀📈📊
TVC:DXYLong
by Soldi75
⚠️DXY will go DOWN(Short term)⚠️As I expected in the previous post, DXY reached the resistance lines.✅👇 💡If you look closely at the chart, you will notice that DXY is moving in an Ascending Channel . 💡It seems that DXY failed to break the resistance lines. 💡Also, we can see Regular Divergence(RD-) between consecutive peaks. 🔔I expect the DXY will go DOWN at least to the lower line of Ascending Channel. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYShort
by pejman_zwin
33
DXY Hits a 3-Week High Following Fitch US DowngradeBrace yourselves because the DXY has just hit a 3-week high, thanks to the recent Fitch US downgrade. Talk about an unexpected twist, right? Now, let's dive into the details. Fitch Ratings, the renowned credit rating agency, has downgraded the United States' credit rating, causing quite a stir in the market. As a result, the US dollar has emerged as a haven for investors seeking stability amidst uncertainty. Isn't it fascinating how the market reacts to unexpected events? But that's not all! This turn of events presents a golden opportunity for traders like you to capitalize on the situation. With the DXY soaring, it's time to consider going long on the US dollar. By doing so, you can potentially benefit from its current haven status and ride the wave of this unexpected surge. So, here's your call to action: seize this opportunity and consider going long on the US dollar. Keep a close eye on the market trends, analyze the charts, and make informed trading decisions. The profit potential is knocking at your door, and it's time to answer! Remember, surprises like these are what makes trading so thrilling. Stay vigilant, stay informed, and don't hesitate to take calculated risks when the market throws unexpected curveballs your way. As always, please conduct thorough research and analysis before making trading decisions. Market conditions can change rapidly, so staying updated and adapting your strategies is essential.
TVC:DXYLong
by bryandowningqln
What do we expect from the DXY index this week❗️❓🚀The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻. 💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA . 💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a Bear Trap. 🔔I expect the DXY to have a bullish trend this week and ⚔️attack⚔️ the resistance lines. 📚In general, I try to show you all the points of technical analysis on the chart, which also has an educational aspect(I apologize for the busy chart).📚 U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
27
DeGRAM | Dollar Index confluence levelDXY is approaching the major resistance level by making higher highs. Price action may create an AB=CD pattern or an equal-measured move. Price action created a nice long opportunity where a couple of confluence lines up with the support level. Previous resistance becomes support; 38.2% fibo level bullish harmonic pattern and of course the price in the bullish trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
2
Have DXY bottomed?Since the top from October last year, DXY has been in a strong down trend. However, considering the trend started back in May 2021, this is only a correction, in fact, it even stopped at the 0.618 Fibo. The recent drop under 101 support was, in fact, a false break, one more reason to believe the Usd index found its bottom. At this moment Dxy is trading in a confluence resistance: a recent low, and the falling trend line from the top, and a correction could follow. This potential correction should be considered a good opportunity to sell Usd pairs and my main focus is on EurUsd and GbpUsd. Only a drop back under 101 would change my bullish outlook for the index (bearish Usd pairs)
TVC:DXYLong
by Mihai_Iacob
31
DXY Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Main target zone: 96 - 94 Stop: ~103.7 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
TVC:DXYShort
by trytofeelpositive
2
Beware of Relying on Dollar Price Moves to Predict Bitcoin's FutThe inverse relationship between the US dollar and Bitcoin has long been a reliable indicator for traders seeking to gauge the potential movement of the cryptocurrency market. Historically, when the dollar strengthened, Bitcoin tended to experience a decline, and vice versa. This relationship allowed us to make informed decisions and manage our portfolios effectively. However, it is essential to recognize that the dynamics of this correlation have started to shift, posing potential risks to our trading strategies. Over the past months, we have witnessed instances where the US dollar has weakened while Bitcoin continued to soar to new heights. This decoupling of the two assets challenges the reliability of the inverse correlation we have grown accustomed to. While it is tempting to continue relying on this relationship, doing so mindlessly may lead us astray and result in significant losses. Therefore, I strongly urge you to exercise caution and refrain from using dollar price moves to indicate Bitcoin's future direction. Instead, let us analyze the underlying factors that drive the cryptocurrency market, such as market sentiment, regulatory changes, technological advancements, and institutional adoption. By adopting a more holistic approach to our trading strategies, we can better position ourselves to successfully navigate the evolving landscape of digital currencies. In light of these developments, I encourage you to diversify your sources of information and stay updated with the latest market news and expert opinions. Engage in meaningful discussions with fellow traders, share insights, and challenge conventional wisdom. By fostering a community that embraces critical thinking and adaptability, we can collectively navigate the uncertainties of this ever-changing market. Remember, the cryptocurrency market is highly volatile and subject to various external influences. Relying solely on the inverse correlation between the US dollar and Bitcoin is no longer reliable. Let us be vigilant, open-minded, and proactive in our approach to trading. If you have any questions or concerns, please do not hesitate to comment. Together, we can navigate these challenging times and adapt our trading strategies to ensure long-term success.
TVC:DXY
by bryandowningqln