Dollar seems to start dropping TVC:DXY
Hey everyone , I wish you have a profitable week
So as we see in the chart , dollar index looks more bearish now and I think the rally is over and base is already created , and now we go for drop
I personally expect nice growth on AUD , GBP
What is your idea about Dollar index ??
mention your view in comments
Dollar_index
The Dollar and dead presidents (Update)Here we have a chart on the DXY. Although we have had a move back up it might be short lived as the trend over time is down. Investors aren't collecting cash the yare buying assets with it. the trend is valid until it's broken. AS you can clearly see it's valid since the early 70's (50 years now) so it's long term trend.
The move down we have had since 2020 print of the multiple trillions (40% of all dollars ever printed) was minimal. For me it looks like the big move down has still yet to come especially as they are most likely printing even more.
I've also added the RSI indicator with the chart. It shows a pennant formation which eventually either breaks down or up. That is usually determined by the initial move into it.
Not financial advice.
Cash is Trash - Ray Dalio
XAUUSD (Gold) Daily Analysis : Bull or Bear ?Examining the gold's chart ( XAUUSD ) in daily timeframes, we see that the price is in a trading range after the break of the uptrend and is fluctuating in the same range.
We see that the price has rebounded (pullback) to the broken level. We have to see if the price will succeed in breaking its next dynamic support with the start of the new trading week or not .
Exiting the price below or above this range could determine the possible future trend of the Gold ( XAUUSD ) .
The bearish targets will be $1760 and $1726 and $ 1707 respectively .
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📅 12.DEC.2021
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DXY chart held on critical situation.....
07 DECEMBER 2021
DOLLAR INDEX MY VIEW-
N.B-This week DXY chart held critical situation.
If DXY chart breakout 96.600 resistance level then market goes up to
96.870 & 97.294 resistance level.
If break out 96.00 support level then market goes down to 95.700 & 95.00
support level.
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DXY create bearish butterfly pattern. So, Short sell Now...
29 NOVEMBER 2021
DOLLAR INDEX MY VIEW-
N.B-DXY chart create bearish butterfly pattern.
So market seems bullish to 96.440 resistance zone. Then
market down to 95.828 and 95.114 support level.
If market break out 97.037 resistance level. Then
this case is invalid.
The Dollar $DXY going to 117-120 Next year will be the year where stagflation turns into deflation. The dollar will roar and destroy Emerging Markets. This will cause a rush to the dollar as their economies blow up. The debt bubble will finally collapse as Central Banks resort to even more money printing pushing up the dollar in response past 120. Precious metals will capitulate worse than ever seen - and will present the best buying opportunity in our lifetimes.
DXY 96.06 + 0.57 LONG IDEA * TREND CONTINUATION HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX.
* The DOLLAR INDEX is in a clear bullish trend that rejected at resistance level 96.238 creating a double top at this structure, but momentum to the down side is not so convincing of a reversal, the BULL FLAG and the the retest of this structure also confirms this.
* Now entering FIBONNACI LEVELS in the mix we see the index just tested 61.8 % fib rejection at this level with the bulls possibly signaling continuation.
break above of resistance level 96.238 signals continuation with the bulls a 3rd rejection might bring about momentum needed for reversals lets see how it goes...
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Dollar Index Breaks Above Rising Trend LineDollar Index Breaks Above Rising Trend Line. Breaking Above 95.75 Points May Open The Door For 97.61.
If today's retail sales report print positive, It has a big chance that USD Index may test 96.45 points first then 97.61
On the Other Hand, If Retail sales drop today, the USD Index may test again at 94.56 points. But It Won't change its uptrend bias.
So, keep in touch in today's retail sales report. RSI is showing overbought. So if retail sales drop, downside correction is expected. But if retail sales print positive, that won't be hard to carry its uptrend bias.
DXY or BTC WHO WILL WIN ?a clear negatove correlation between the dollar index dxy and BTC. DXY dipped last year..a new bull run to 100 and above would lead to longer bear market for BTC and lower price levels to 3k..if this move is just a dead cat bounce for DXY then a new bull run for BTC is on the horizon !
DXY possible scenarios TVC:DXY
two possible scenarios about dollar index in daily timeframe
+ a harmonic pattern might be created soon
at first I expect a pullback to the purple zone and then if it won't be a fake breakout and keeps going up after pullback , I'll be waiting for price action at 96 .
I made almost everything clear on the chart , if there's any question I can answer , ask it in comments
what's your opinion about it ? please mention your view in comments
this is just a possible scenario , and there's no certainness in the markets
DOLLAR- Time for a Correction?NFP coming up and i do not seem to agree with the 'news' :
The US Bureau of Labor Statistics (BLS) will release the September jobs report on Friday, November 5 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data. Investors expect Nonfarm Payrolls to rise by 425,000 in October following the dismal print of 194,000 in September.
Dollar will most likely correct today.
the FXPROFESSOR