#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!!!
Dollar_index
Dollar is very near to the peakdollar has been pumping since 2020 due to corona pandemic, russia ukraine conflict and stocks and nasdaq dumping, but we are very close to the peak, dollar reached the current level only few times, first was in 1985 at the peak of cold war where dollar was a safe heaven for the capitalists, 2nd in 2002 when right after .com bubble collapse, in 2007 economic crises dollar pumped a little but this time it is now considered as over value ,
DXY (Dollar Index) : Bull or Bear ?The Possible Trend of DXY (Dollar Index) , All Important Supply and Demand Zones are shown on the chart !
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👤 Arman Shaban : @ArmanShabanTrading
📅 10.03.2022
⚠️(DYOR)
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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
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.
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
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
DXY create bearish Harmonic pattern. So, Short sell, long buy
In this situation DXY chart Bearish Harmonic pattern .
So, market need to seems SELL correction at 109.327 or 108.500 support
level. Then Market fully BUY to 109.900 ; 110.240 & 110.500 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY : Let's see NFP's Effect on MarketAs you can see, the dollar index moved according to the upcoming scenario and then faced a price correction! In these moments before the announcement of the NFP, we can predict that if the statistics are higher than the predicted number, i.e. 295K, we can expect the growth and strengthening of the dollar index, otherwise, a fall from this range is not far from expected!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.02.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
AUDUSD: Gains will be capped!AUDUSD
Intraday - We look to Sell at 0.6875 (stop at 0.6915)
We are trading at oversold extremes. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 0.6760 and 0.6540
Resistance: 0.6910 / 0.7055 / 0.7170
Support: 0.6680 / 0.6540 / 0.6465
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DXY : Bull or Bear ? Let's See !After last night's analysis of the dollar index, we saw a price drop of 60 pips from exactly the same range ✅ ! Currently, the price has recovered from this drop, but it is still in an important range that today's statistics can determine the trend of the dollar index !
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.31.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
🔴 Dollar Index (DXY) NEW Analysis 🔴Well guys , as you can see, the dollar index has entered an important supply range and there is a possibility that the price will return from this range, so monitor the behavior of the price and make a decision based on it!
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.30.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
DXY create bullish Rectangle pattern. So, Short sell, long buy
In this situation DXY chart Hopefully create bullish Rectangle pattern .
So, market need seems to SELL correction at 108.600 & 108.400 support
level. Then Market fully BUY to 109.550 & 110.200 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY create Elliott wave.So Short sell, long buy
In this situation DXY chart Hopefully create Elliott wave.
So, market need seems to SELL correction at 107.700 support
zone. Then Market fully BUY to 109.300 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.