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Dollar_index

DXY begins its next dump to lower lows.DXY ~93.50 has been broken on the downside. The two key remaining support levels to watch are 92.75 and 92.50. If these are both taken out, then lower lows below 91.75 are highly probable. If they hold, higher highs above 94.80 are still ahead. This is important for precious metals and miners, as they have been highly correlated on an inverse basis to this point. If the DXY falls, metals rise, and vice-versa. Ideally, we are setting up for a negatively divergent higher high before DXY begins its next dump to lower lows.
TVC:DXYShort
by RetnaNicharee
Deflationary assets go up, inflationary assets go down. Its not rocket science, its pure math. History doesnt repeat exactly in the same way, except with fiat, with fiat always ends in the same way, doesnt matter how powerful the empire is. You can't print +25% of shares in a year and expect the value going up in an asset with +100 years of history. When US dollars were based in a scarce asset like gold the math worked, but after 1971, MBS, CDOs, and other financial products, the value was condemned. The only way to save the dollar is to peg it again to a new real asset based in deflationary supply, fixed distribution and assured scarcity. It doesnt matter if you like it or not, the best solution is peg the dollar to Bitcoin.
TVC:DXYShort
by cgowy
DXY - Our updated BIG CHARTThe most important asset, the world's exchange currency, the United States dollar. Our previous chart and calculated support has been working perfectly It is now highly probable that in the next few days we can experience the dolalr rising against other major currencies. Especially against eur, jpy and gbp Our small chart will follow to make things clearer for you all ps. Major support levels mean major opportunity for getting on a new trend early. The next few days can start being great trading opportunities, stick around.
TVC:DXYLong
by FX_Professor
2
The Bullish and Bearish Arguments for DXYThe bullish and bearish trendlines as we currently stand. Bulls will tell you that we have broken the white resistance and are going sideways before a move up, citing higher lows since (90.0). Bears will tell you we are continually being rejected off the blue line, and are still in a strong downtrend on higher time-frames. PERSONALLY I tend to agree with the bears in this case. Money printing and government stimulus are driving the economy in the current climate and i feel DXY will range for a bit, and then drop below (90.0) with a 4-5% drop. I say this because on high time frames, previous dips have lasted for over 32 days and drop at least 4.2% each time (planning on publishing a chart on this soon so look to my profile for more info) If you enjoy my amateur insight and have anything to add please like and/or comment. Best of luck
ICEUS:DXYShort
by bitcoin_is_king_
DXY : Is in a demand zone? Hello to all, DXY came to a demand zone i think. Thus we could wait a bullish impulse from this zone. The price is moving between 78.6 and 88.6 of fibonacci levels. May be it want to test the 88.6 level at least but in every situation i'm waiting the bullish move to 92.50. At the same time i see a bullish divergence on RSI. Price is making lower low bottoms but the oscillator is not. After any candle close above the 90.80 the bullish move will be faster. We could follow this breakout with lower timeframes next week. Have a good weekend all. If you find this analysis useful, please support this idea with LIKE and writing a COMMENT.
TVC:DXYLong
by FXLoungeIN
4
⭐⭐⭐⭐⭐The MOST IMPORTANT CHART of the year ⭐⭐⭐⭐⭐1. Dollar is looking for direction (will it bounce off this level or will it drop/ and how much?) 2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level ) 3. Next inflation data (Dec 10) and trade balances will be crucial data 4. Dollar price will affect most of your trades: - metals (negative correlation- especially Gold , Silver , Copper ) - indices (positive coefficients, which means that as the value of the U.S. dollar increases, so do the stock indexes ) - stocks (which shares to choose / which to sell / how to diversify and hedge - 40% of shares follow the dollar) - Bitcoin (the new safe haven to many may increase dramatically if the dollar crashes)
TVC:DXY
by FX_Professor
16
⭐⭐⭐⭐⭐The MOST IMPORTANT CHART of the year ⭐⭐⭐⭐⭐1. Dollar is looking for direction (will it bounce off this level or will it drop/ and how much?) 2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level ) 3. Next inflation data (Dec 10) and trade balances will be crucial data 4. Dollar price will affect most of your trades: - metals (negative correlation- especially Gold , Silver , Copper ) - indices (positive coefficients, which means that as the value of the U.S. dollar increases, so do the stock indexes ) - stocks (which shares to choose / which to sell / how to diversify and hedge - 40% of shares follow the dollar) - Bitcoin (the new safe haven to many may increase dramatically if the dollar crashes)
TVC:DXY
by FX_Professor
DXY False Break or begin of a new Down trendMarket is at the bottom of a Bullish channel and is forming a bearish dark cloud cover on the weekly Prior the market formed a bearish double top but failed to hold. Market found a strong level of support at the top of the double top. I see the market forming a Bullish head and shoulders with the right tip at the bottom of the channel. I expect the market to have a false breakout and test the level of support one more time before the continuation of the bull run. In doing so the market has formed a double bottom witch is a strong bullish singn.
TVC:DXY
by HuybenD
Dollar is in FreeFALLThe elections proved what we already knew. Trump’s re-election would be good for the dollar, at least in the short-term, whereas a Biden win is distinctively negative. Why? More stimulus is great for stocks, precious metals—everything except the dollar. Both Trump and Biden planned to massively increase spending, but Biden is expected to spend so much more than Trump on everything from clean energy, to free education, healthcare, infrastructure, welfare payments, and artificial intelligence. This means another massive increase in debt, which the IMF forecast two weeks ago. Who is going to pay for all of this new debt? The Fed, of course, by printing more dollars out of thin air. This is extremely negative for the dollar. The dollar remains near perfectly negatively correlated to Gold . What is bad for the dollar is good for Gold , Silver , and the miners. It is clear that a Biden victory is therefore the best news for precious metals and miners. While I am cautiously optimistic that the lows have been seen in the precious metals space and the mega-rally has begun to new highs, there are several key issues to consider: 1. Trump has not conceded. Quite the opposite. He plans to challenge the legitimacy of critical Biden ballots all the way up to a Supreme Court dominated by Republican appointees. 2. The Democrats lost seats in the House, but more importantly, the Senate remains in Republican hands. Even if Biden is confirmed, the stalemate on stimulus could continue for quite some time. The recent euphoria could be reversed somewhat as that reality settles in. The biggest risk, but a low probability, is that the markets get carried away with a Biden presidency and Trump ultimately wins out, courtesy of the Supreme Court. This would cause a massive reversal of all the market moves post election day, not to mention widespread social unrest. On the technical front, the dollar was sent packing at the 50-day moving average and established a lower high. Support at 92.47 has broken now, the first sign of real trouble. We break thru the 91.75 support and strap in for the drop.
TVC:DXYShort
by RetnaNicharee