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Bitcoin Weathers the Storm: Resilience Shines Despite DollarBitcoin (BTC), the world's leading cryptocurrency, has surprised many by demonstrating resilience in the face of a strengthening US dollar. Despite a historically observed inverse relationship between the US Dollar Index (DXY) and Bitcoin, this comes. The DXY, which measures the value of the US dollar against a basket of foreign currencies, currently sits at a lofty 106, indicating a robust greenback. This level is significant, having only been surpassed for 34 trading days in the past year. Traditionally, a strong dollar weakens the appeal of dollar-denominated assets like Bitcoin, as investors seek havens in other currencies. However, Bitcoin's current price action defies this historical trend. While not at its all-time high, Bitcoin is currently trading only around $10,000 below that peak, a testament to its continued strength in the market. Several factors may be contributing to this unexpected decoupling. Shifting Investor Sentiment: The cryptocurrency market has matured significantly since its early days, and investor sentiment is evolving alongside it. While Bitcoin was initially seen as a speculative asset class, it's increasingly viewed as a potential hedge against inflation and traditional financial uncertainties. This shift in perception could be mitigating the negative impact of a strong dollar on Bitcoin's price. Institutional Adoption: The influx of institutional investors, such as hedge funds and investment firms, into the cryptocurrency space is another potential factor. These institutions often have a longer-term investment horizon and may be less swayed by short-term fluctuations in the dollar's value. Their presence could be lending stability to the Bitcoin market. Bitcoin Mining Difficulty Adjustment: The Bitcoin network is designed to adjust mining difficulty roughly every two weeks automatically. This ensures a consistent rate of new Bitcoin entering circulation, regardless of the computing power dedicated to mining. An upcoming significant decrease in mining difficulty is anticipated, which could further bolster investor confidence. Positive Developments Within the Crypto Ecosystem: The broader cryptocurrency ecosystem is witnessing continuous innovation and development. The emergence of Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and Layer-2 scaling solutions is attracting new users and capital into the space. This overall growth in the crypto ecosystem could be spilling over and positively impacting Bitcoin's price. Uncertainties Remain: Despite the positive signs, it's important to acknowledge the inherent volatility of the cryptocurrency market. The future trajectory of the DXY and broader economic conditions will undoubtedly continue to influence Bitcoin's price. Additionally, regulatory developments and potential security breaches could pose challenges in the future. Looking Forward: Bitcoin's resilience in the face of a strong dollar is noteworthy. While the reasons behind this decoupling are multifaceted, it suggests a maturing market with a growing pool of long-term investors. As the cryptocurrency ecosystem continues to evolve and gain mainstream adoption, Bitcoin's position as a store of value and a potential hedge against traditional financial instruments could solidify further. However, close attention should be paid to both internal and external factors that may impact Bitcoin's price in the coming months and years.
TVC:DXY
by bryandowningqln
USD firm with decision from FedMarkets are awaiting a release of crucial US Final GDP data today, which is expected to tick up from an annualized rate of 1.3% to 1.4%. A meaningfully higher or lower number might change expectations of when the Fed will begin rate cuts. According to the CME FedWatch tool, the next rate hike is expected in September this year. In the Forex market, the Australian Dollar is the strongest major currency since the Tokyo open, while the US Dollar is the weakest. However, it is worth noting that the US Dollar remains within a valid long-term bullish trend. US New Home Sales data came in just a fraction below expectations yesterday. The Governor of the Bank of England will be holding a press conference about the Financial Stability Report today. There will be releases of Unemployment Claims and Pending Home Sales later today in the USA. The USD price is still on the rise and solid when information about future bond interest rates increases. However, we do not rule out the case that the Fed will reduce inflation to stimulate employment and strengthen the economy. international
TVC:DXYLong
by MrTrongVo
DXY - Daily start of bullish legThe Dollar Index (DXY) has experienced two significant bullish legs followed by pullbacks. Currently, it is at the end of the most recent pullback. Notably, the falling momentum appears to be weakening, as evidenced by the shorter and less intense downward legs during the pullback phases. This weakening momentum suggests that the bearish pressure may be subsiding, and the DXY could be preparing for another upward movement. As illustrated on the chart, the previous pullbacks were marked by substantial declines. However, the current pullback is characterized by weaker downward legs, indicating a potential shift in market sentiment. This could lead to the DXY resuming its bullish trend if it manages to break above the recent resistance levels. Traders should closely monitor the price action for confirmation of a reversal, which would be supported by stronger bullish legs and the continuation of the uptrend.
TVC:DXYLong
by Sober_Trading
2
Wyckoff Bullish Patterns - Dollar getting stronger! Easy MoneyICEUS:DX1! Dollar getting stronger on daily and weekly chart! Wyckoff Wave Indicator shows the power of buyers who are taking control. How Wyckoff Wave Indicator works? The Wyckoff Wave Indicator and the Weis Wave Indicator are both technical analysis tools derived from the principles of Richard D. Wyckoff, a pioneer in the field of market analysis. Here’s a breakdown of each: Wyckoff Wave Indicator The Wyckoff Wave Indicator is designed to track the cumulative volume flow of the market. It helps traders understand the underlying strength or weakness by showing the overall trend of buying and selling pressure. The indicator accumulates volume with price movement to depict the market's overall sentiment. Key features include: Volume Analysis: It considers the volume associated with price movements, indicating whether the market is being driven by strong buying or selling. Trend Identification: It helps in identifying the primary trend of the market, whether it's bullish, bearish, or sideways. Divergence Signals: It can show divergences between price movements and volume flow, providing potential reversal signals. Weis Wave Indicator The Weis Wave Indicator is a more modern adaptation of Wyckoff's principles, developed by David Weis. It simplifies volume analysis by plotting cumulative volume as waves, making it easier to visualize the flow of buying and selling pressure. Key features include: Wave Calculation: It aggregates volume over price waves, making it easier to see the ebb and flow of market pressure. Wave Counts: By tracking the volume associated with each wave, traders can see whether buyers or sellers are dominating. Market Structure: It helps in understanding the market structure by breaking down movements into distinct waves, each associated with specific volume patterns. Comparison Purpose: Both indicators aim to analyze volume in relation to price movements, providing insights into market strength and potential reversals. Visualization: The Wyckoff Wave Indicator typically presents cumulative volume in a straightforward manner, while the Weis Wave Indicator uses wave patterns for a more intuitive visual representation. Application: Both indicators are used in conjunction with other Wyckoff principles and tools to develop a comprehensive market analysis strategy. Usage in Trading Identify Trends: Both indicators help in determining the dominant market trend, which is crucial for making informed trading decisions. Spot Reversals: By analyzing volume flow, traders can spot potential reversals ahead of time, improving their entry and exit points. Confirm Breakouts: The indicators can confirm the validity of breakouts or breakdowns by showing whether there is sufficient volume to support the move. Tools and Platforms VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us.
NASDAQ:ALTLong
by VolumeDayTrader
Dollar Winning Streak Extends Into Fifth Week! Time to Go LongI wanted to share some exciting news from the forex world: the dollar has extended its winning streak into the fifth week! 🎉 A key gauge of the dollar's strength continues to rise, driven by the ongoing uncertainty surrounding the timing of the Federal Reserve's first interest-rate cut. With the yen showing signs of weakness, the USD is shining brightly on the global stage. This is a golden opportunity for us traders to capitalize on the dollar's momentum. If you haven't already, now might be the perfect time to consider going long on the US dollar. 🌟 Why should you consider this move? 1. **Strong Performance**: The dollar's consistent growth over the past five weeks clearly indicates its robust performance. 2. **Market Uncertainty**: With the Fed's interest-rate cut timeline still unclear, the dollar is likely to remain strong in the near term. 3. **Yen Weakness**: The yen's current weakness further bolsters the USD's position, making it an attractive option for traders. Don't miss out on this opportunity to ride the wave of the dollar's success! Dive into the market and make the most of this winning streak. 💪 Happy trading, and here's to continued success in all your endeavors!
TVC:DXY
by bryandowningqln
Bearish on DXYThis week we have CPI and US Fed funds rate announcements. Most probably we don't get a rate cut for now (as the market expects). However, I think this week the announcements are coming out with a more dovish tone. Let's see what happens . . . If the CPI number come out lower or equal to the expectations and the Fed Chair Powell signals 1 or 2 rate cuts for this year. I believe we can expect the yellow scenario. Otherwise, we can expect the red scenario happens in short term.
TVC:US10YShort
by SamanFx0
Dollar Loses Shine as US Economy Shows Signs of CoolingThe tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first time in six weeks. Signs of a Cooling US Economy Several factors are contributing to the cooling sentiment on the dollar. Recent economic reports have indicated a potential slowdown in the US. Growth may be decelerating after a strong 2023, with factors like inflation and rising interest rates potentially impacting consumer spending and business investment. The Federal Open Market Committee (FOMC) has embarked on a series of interest rate hikes to combat inflation. While these hikes are intended to curb inflation, they can also have a dampening effect on economic activity. Businesses may be hesitant to borrow and invest, and consumers may tighten their belts as borrowing costs rise. CFTC Data Reveals Shift in Investor Positioning The CFTC data provides valuable insights into investor sentiment on the foreign exchange market. The data tracks the net long or short positions held by leveraged funds, which include hedge funds and other large speculators, and asset managers. According to the latest CFTC data, leveraged funds still held some net long positions on the dollar last week. However, this bullishness was outweighed by a significant increase in net short positions held by asset managers. This shift in positioning resulted in a combined net short position of $5.36 billion as of May 21st, compared to a net long position of $2.02 billion just a week earlier. Market Implications of the Dollar's Decline A weaker dollar can have several implications for the global economy. It can make US exports more competitive, as they become cheaper for foreign buyers. Conversely, imports into the US become more expensive. This can potentially lead to higher inflation in the US as the cost of imported goods increases. A weaker dollar can also impact other currencies. If investors lose confidence in the US economy, they may seek refuge in other safe-haven assets, such as the Japanese yen or the Swiss franc. This could lead to a strengthening of these currencies relative to the dollar. The Road Ahead: Volatility and Data Dependence Analysts expect currency positioning to remain volatile in the near term. The direction of the dollar will likely hinge on incoming US economic data. Strong economic data could reignite bullish sentiment on the dollar, while further signs of a slowdown could exacerbate the recent decline. The FOMC's monetary policy decisions will also be closely watched. If the Fed signals a more aggressive pace of rate hikes to combat inflation, the dollar could find support. However, if the Fed slows down the pace of hikes or even starts cutting rates in the future, as some analysts predict, the dollar could weaken further. Conclusion The recent decline in bullish sentiment on the dollar reflects growing concerns about the health of the US economy. The CFTC data highlights a shift in investor positioning, with a net short position emerging for the first time in six weeks. The future direction of the dollar remains uncertain and will depend on the trajectory of the US economy and the Fed's monetary policy decisions.
TVC:DXYShort
by bryandowningqln
DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃‍♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone . 🔔I expect the DXY Index to rise to at least the Resistance line . 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 gladly 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
5
Dollar Index Triangle Formation 22.05.2024Triangle formation is now apparent for the dollar index (H1 Timeframe). A breakout to the upside might trigger an upward movement towards the 105. A breakout to the downside might trigger an downward movement towards the 104.4 or even at 104.10. Fundamentals: Possible high interest rate differential in the future that could cause the dollar to gain strength now. _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
TVC:DXYLong
by Stuart_Cowell
Shorting DXY: A Calculated Gamble on a Weaker DollarShorting DXY: A Calculated Gamble on a Weaker Dollar, But Beware the Dragons The DXY, or US Dollar Index, measures the greenback's strength against a basket of major currencies. With rising global tensions and a potential shift in global power dynamics, the question lingers: is it time to short the DXY, betting on a weakening dollar? Let's explore the arguments for and against this strategy. The Case for Shorting DXY: A Multi-Pronged Approach • America's Shrinking Lead: The US, while still a dominant economic force, faces challenges. Its manufacturing base has shrunk, its national debt is ballooning, and infrastructure crumbles. These factors could erode confidence in the dollar's long-term stability. • The Rise of the Rest: China's economic power is undeniable. The yuan's internationalization efforts are gaining traction, potentially chipping away at the dollar's dominance as the world's reserve currency. Other economies like the Eurozone are also maturing, offering alternatives. • A Concerted Effort: Imagine a scenario where the US's major allies, concerned about American dominance, decide to weaken the dollar. This could involve measures like central banks diversifying reserves away from the US or pegging their currencies to a basket that excludes the dollar. While a hypothetical scenario, it can't be entirely dismissed. China: The Dragon in the Room China's displeasure with a weakening dollar is a significant risk factor. A weaker dollar makes Chinese exports more expensive, hindering their economic growth. China holds a significant amount of US Treasuries, and a devalued dollar would erode the value of those holdings. This could lead to China dumping US Treasuries, further weakening the dollar in a vicious cycle. Beyond China: Other Considerations • US Response: The US Federal Reserve has tools at its disposal to counter a weakening dollar. Raising interest rates, for instance, could entice investors back to the dollar for higher yields. • Global Instability: A devalued dollar could create global economic turmoil as countries scramble to adjust exchange rates and inflation spikes. This could be particularly damaging for developing economies. • Unpredictable Markets: Shorting any asset is inherently risky, and the currency market is especially volatile. Unforeseen events can drastically alter currency valuations. So, Should You Short DXY? The decision to short DXY depends on your risk tolerance and investment goals. Here's a breakdown: • For Aggressive Investors: If you believe in a long-term decline of the US dollar and have a high tolerance for risk, shorting DXY could be a potential strategy. However, careful risk management is crucial. • For Cautious Investors: The potential consequences of a weakening dollar, particularly China's reaction, are significant. It might be wiser to stick with less volatile investments or consider options strategies that limit your downside risk. Alternative Strategies Instead of shorting DXY directly, consider these alternatives: • Invest in a Diversified Currency Basket: Spread your risk by investing in a basket of major currencies, potentially benefiting from a weakening dollar while mitigating some of the risk. • Look to Emerging Markets: If you believe in the rise of other economic powers, consider investing in their currencies or stocks poised to benefit from a weaker dollar. The Final Bite The future of the US dollar is uncertain. A combination of factors could lead to its decline. However, the potential consequences, particularly China's response, are significant risks to consider. Carefully weigh the arguments before taking a short position on DXY. Remember, diversification and a measured approach are key in navigating the ever-fluctuating currency markets.
TVC:DXY
by bryandowningqln
DXY Index is Ready to Fill GAP🚀🏃‍♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone. 🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside the descending channel . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect the DXY index to Gp UP to at least the 🔵 GAP($106.613-$106.504) 🔵after breaking the upper line of the descending channel . ❗️⚠️Note⚠️❗️: If the DXY index can break the lower line of the descending channel, we can expect the DXY index to drop more. 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 gladly 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
1
DXY (DOLLAR INDEX) Shorts from 107.000My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar. I expect the dollar to drop at least to the newly established 12-hour demand zone, where I foresee a bullish continuation. This supports the broader bullish trajectory of the dollar, aiming towards tapping into a 2-month supply zone where a major bearish reaction is expected. Therefore, if I anticipate the dollar to initially rise and then drop, I also expect EURUSD and GBPUSD to continue their downward trends accordingly. Note that this is my current bias, and I will adjust it based on evolving market trends. It's essential to consider various zones and scenarios for a comprehensive analysis." This version maintains your original message while improving clarity and readability. Feel free to adjust it further based on your preferences!
TVC:DXYLong
by Hassan_fx
Betting on a Stronger Dollar Greenback Gets ExpensiveThe US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the greenback. Several factors are fueling the dollar's current strength. Firstly, the US economy continues to demonstrate surprising resilience in the face of global headwinds. Recent data, such as stronger-than-expected retail sales figures, has prompted investors to pare back bets on aggressive interest rate cuts by the Federal Reserve. This shift in expectations has bolstered the appeal of the dollar relative to other currencies. Secondly, the turmoil in global markets is driving investors towards safe-haven assets. Geopolitical tensions and rising inflation across the globe are creating uncertainty, pushing investors to seek the relative stability offered by the US dollar. The dollar's long-standing reputation as a reserve currency makes it a natural destination for these risk-averse investors. This surge in demand for the dollar is evident across the foreign exchange market. The Bloomberg Dollar Spot Index, which tracks the greenback's performance against a basket of major currencies, has climbed to a five-month high. The dollar has already notched up impressive gains against major rivals like the yen, reaching a 34-year high, and strengthening significantly against the euro, pound, and several other currencies. This bullish sentiment towards the dollar is spilling over into the options market. Investors seeking to profit from a continued rise in the dollar's value are increasingly turning to call options. However, this increased demand comes at a cost. The premium, or the upfront cost, of buying these call options has risen significantly. This surge in option prices indicates that investors are willing to pay a higher price to secure their bets on a stronger dollar. The trend in the options market presents a mixed bag for investors. On the one hand, the rising cost of call options suggests that the market is anticipating further dollar appreciation. This could be a lucrative opportunity for those who correctly predict the dollar's trajectory. On the other hand, the higher premiums eat into potential profits, making successful bets on the dollar more challenging. Looking ahead, the future path of the dollar hinges on several key factors. The trajectory of the US economy, the actions of the Federal Reserve, and the evolution of global geopolitical and economic conditions will all play a role in determining the dollar's strength. Despite the uncertainties, the current trend suggests a continued period of dollar dominance. Investors, however, should carefully consider the increased costs of betting on the dollar in the options market and ensure their strategies account for these elevated premiums. This is a dynamic situation, and close monitoring of both economic data and market movements will be crucial for navigating the ever-evolving currency landscape.
TVC:DXYLong
by bryandowningqln
Emerging Markets Struggle as the Mighty Dollar FlexesThe recent strength of the US dollar is posing a significant challenge for emerging markets around the world. Their currencies are weakening, creating a ripple effect across their economies. This article explores the reasons behind the dollar's dominance, the impact on emerging markets, and potential policy responses. A Rising Dollar: The Driving Forces The US dollar has been on a tear in recent months, appreciating against most major currencies. This surge can be attributed to several factors, including: • US Federal Reserve Policy: The Federal Reserve's aggressive interest rate hikes aimed at curbing inflation are attracting investors seeking higher returns on dollar-denominated assets. This increased demand strengthens the dollar. • Global Economic Uncertainty: As concerns about a global economic slowdown grow, investors flock to the perceived safety of the US dollar, seen as a safe haven asset during times of turmoil. • Geopolitical Tensions: The ongoing war in Ukraine and heightened tensions between the US and China are further fueling risk aversion, pushing investors towards the dollar. Emerging Markets Under Pressure The rise of the US dollar presents a major headache for emerging markets. Weakening local currencies lead to several problems: • Imported Inflation: When the local currency weakens, the cost of imported goods rises. This can exacerbate inflation in emerging markets, which are already grappling with rising prices due to global supply chain disruptions. • Debt Burden: Many emerging market economies have significant dollar-denominated debt. A weaker local currency increases the cost of servicing this debt, putting a strain on government finances. • Capital Flight: The strengthening dollar can trigger capital outflows from emerging markets as investors seek better returns elsewhere. This can lead to currency depreciation and hinder economic growth. Policy Responses: Verbal Intervention and Beyond Emerging markets are not sitting idly by as their currencies weaken. Several are exploring policy options to counter the dollar's might: • Verbal Intervention: Central banks in some emerging markets, like Malaysia, have resorted to verbal intervention, signaling their commitment to supporting their currencies. However, this approach has limited long-term effectiveness. • Interest Rate Hikes: Some central banks, such as Brazil, are considering raising interest rates to attract capital inflows and stabilize their currencies. However, this risks slowing down economic growth. • Currency Intervention: Central banks may intervene directly in the foreign exchange market by selling dollars and buying local currency to prop it up. This approach can be expensive and depletes foreign exchange reserves. JPMorgan and ANZ Weigh In: The Need for More Tools Financial institutions are also analyzing the situation. JPMorgan Asset Management suggests that more verbal intervention may be necessary from emerging markets to manage volatility. However, analysts at ANZ bank believe that China, a major emerging market with significant influence, may need to deploy a wider range of tools, potentially including capital controls, to limit the depreciation of its currency, the yuan. Looking Ahead: A Delicate Balancing Act The coming months will be critical for emerging markets. Central banks face a delicate balancing act, trying to tame inflation without stifling economic growth. The strength of the US dollar will be a major factor influencing their decisions. The ability of emerging markets to navigate this challenging environment will have a significant impact on the global economic outlook.
TVC:DXYLong
by bryandowningqln
🚨DXY Index Is Ready to Go Down by H&S Pattern🚨🏃‍♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible. 🔔I expect the DXY index to continue its decline after breaking the 🟢 Support zone($104.26-$103.88) 🟢 around $103 . 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 gladly 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
1
DOLLARINDEX REACH DAILY TARGET 103.200 Life happen for you not to you.. those who fail to plan, plan to fail.. Traders our discipline and consistency prevail again today. If you don't fail you are not even trying, don't complain about the trades you lost and the money you did not make.. A lot of people spend dollar but do not make money from it.. With detailed analysis we have prepared ourselves for success by just preparing for one bag. DXY drop from 104.000 to 103.300- .200 area. We bagged 200 pips from GOLD You have a skill that only 3% of the world population have, that why you should not quit. I will never quit.. I love trading.. Today is successful Looking forward to tomorrow. Thanks for trading with me today.
TVC:DXYShort
by stuckinprofit
DXY - 4H bullish signsBased on the chart, my bullish stance on the DXY (U.S. Dollar Index) is due to the clear pattern repetition visible in the price action. The Index has formed what appears to be a bullish channel pattern, showing higher lows and higher highs within a confined range. The recent break above the consolidation zone within the channel suggests a continuation of the uptrend. The repeated ability of the DXY to bounce off the lower trend line of the channel and push through the upper bounds demonstrates a strong underlying buying pressure. Historically, patterns like these can often precede further upward movements as the market respects the established trend. This technical analysis implies that the DXY has the potential to continue its upward trajectory, maintaining the trend that has been established over previous cycles within the chart. Remember to follow for more updates and insights as we keep an eye on the DXY's performance.
TVC:DXYLong
by Sober_Trading