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Dollar_index

#DXY - WIN or LOSS Hello my Fellow TraderZ, Currently this is the most important chart most of the traders eyeing upon - #DXY. #DXY - an index containing the graphical representation of the strength of $USD against major currencies of the World. We can see the #DXY is enjoying the Parabolic Blow off phase after making DOUBLE BOTTOM in JUNE 2021. Now , after breaking certain important levels, it is approaching towards MONTHLY level of 120 after Dotcom Bubble in 2001. As I can see we could possibly have two scenarios to play in the coming days : 1. GREEN - here #DXY will continue its path to 120 giving more pain to Equity markets. 2. RED - here I'm assuming this one to play (anticipating FED's soft behavior towards Rates' Hike), then we could see a retracement towards the 102 allowing Equities to enjoy relief rally in 3-5 months following a major crash globally which could possibly lead to mark the Cycle BOTTOM. NOTE : - Not a Financial Advice, just my speculation. CHEERS!!!
TVC:DXY
by TRADER-GOKU
2
US DOLLAR INDEX Daily analysis, long trade ideaAfter a long period of uptrend, US DOLLAR INDEX reached its critical point. The Fed raised interest rates last week. After that, dollar index a very strong growth and reached the level of 114.400. What's next ? I have no problem admitting that the XXX/USD short trade is the only trade right now, with the US Federal Reserve and other central banks intent on raising interest rates until the end of the year. Why us dollar index is continue to rise ? Money supply From the start of pandemic-related government spending in the spring of 2020, to today, the US government has printed over $6 trillion. Why is that important? Because money supply growth and inflation are inexorably linked. This year the Fed is aggressively raising rates and that’s good for the dollar
TVC:DXYLong
by YertuntsTrader
8
Check DYX WavesAs the dollar index rises, all parallel markets, including commodity, crypto, fiat currencies, etc., weaken, and with the decline of this index, some parallel markets revive. By analyzing the monthly time frame, we realize that this index is in the e wave of its large diametric F. It seems that there is a correction ahead for wave f of F. You may not give this amount of correction for f from F, but the high potential point for starting wave g from F is the upper green box.
TVC:DXY
by behdark
Foreign Hikes start pricing in = Opportunity knocks As expected, the Dollar started easing after foreign central banks started increasing rates. Higher rates= higher, more expensive currency. Especially the ECB (Europe/Euro): The European Central Bank may keep raising rates, but they are unlikely to be be as large as last week’s 75-basis-point rate hike, said ECB Governing Council member Edward Scicluna. Scicluna said he does not think 75 basis points is going to be the norm in the short term. That’s because pressures on the main source of Europe’s inflation — energy and food — will ease, he added. He raised concerns that current measures employed by European governments to alleviate the pain of soaring energy costs could be inflationary. Time to look at some forex trades? One Love, The FXPROFESSOR PS. Bought perfectly here when everyone was talking about a doomed dolalr: .Time to go short now
TVC:DXYShort
by FX_Professor
7
US dollar (DXY) index technical analysis: more room to go?The US dollar has defied gravity this year, rising 15% so far, with the DXY index on an exponential upward trend since May 2021, owing to strong macroeconomic factors that continue to support the Federal Reserve's plan to keep raising interest rates aggressively. From the DXY monthly chart, we can see that the long-term major trend is still well in place. Fibonacci analysis from April 2008 lows to 2022 highs identifies 120.19 as the next level of extension (123.6%), which corresponds to the DXY's March 2002 highs. The latest upswing leg, which began in June 2021, is strikingly similar to the rise that followed the double-bottom pattern set in April 1995. As the monthly RSI hovers around overbought levels, caution is warranted as price pullbacks have historically occurred whenever the oscillator has crossed this line. As a result, if the DXY retraces and breaks support at 109.3 in the near term, we can expect a consolidation phase between 109.3 and 107.3 (corresponding to the 78.6% Fibonacci retracement level of 2022 low-high and the 50-day moving average). This scenario is conceivable, particularly if other significant central banks, like the BoE and the ECB, deliver outsized rate increases (at least 75 basis points) in the coming meetings. However, it is unlikely that the DXY will break significantly below its 50-day moving average in the near future, as all attempts to do so this year have been met with a strong bullish response. In a medium-long term view the absence of major macro catalysts that would undermine the dollar's strength, such as a dovish shift by the Federal Reserve, makes the scenario of a long-term bullish trend reversal unlikely at this time. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:DXY
by Capitalcom