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Dollar_index

Dollar Index (DXY): Bearish Outlook Explained💲 Dollar Index is trading in a minor bearish trend on a daily. The market is steadily falling within a falling parallel channel. The market is currently approaching a very important confluence point based on a resistance of the channel and a broken horizontal resistance. I believe that chances will be high to see a bearish move from the underlined zone to 101.0 level. Alternatively, remember that a bullish breakout of the resistance of the channel will initiate a correctional movement on the index. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
11
DOLLAR Index 1H - 4/4/23 AnalysisInteresting level here, price finally got a break below 102, Job reports were lacking by close to a million jobs and factory orders are down to -0.7% when -0.4% was expected. On a macro sense, there appears to be a large amount of indecision in the market and it is reflected in the price movements. Fundamental news vastly supports the level of indecision that is present. Looking at the 1H, I'm curious to see if price will show magnetism towards this level considering its a long-term major reversal area. Magnetism supports longer consolidation period or zone and could again be reflected in the news. I think Market Sentiment is key now when preparing trades for the Dollar simply because they is so much happening in the news. There has been some latency in the market, this could be a period where volatility and momentum could pick up as we move throughout the year. Near-term, I'm expecting price to seek down 101.100 before stagnating and determining where to go from there.
TVC:DXY
by MultiBillionaireMom
1
DXY Performance and Housing Market Outlook in the USOn Thursday, the trading activity appeared to be subdued following the release of several favorable economic indicators. However, a slight uptick in weekly unemployment claims in the United States exceeding 200,000 for the first time since January prompted the short-term returns to plummet, resulting in concerns among investors. This has consequently led to apprehensions of a prospective decline in the stocks, particularly with the significant release of the United States job market data looming over. Alas, the likelihood of an uneventful trading session came to a halt due to a significant decline in banking shares. The implosion of Silvergate Capital, along with the steep descent of SVB stock, drove the banking sector into obscurity. Silvergate Capital had played a crucial role as a financial institution for cryptocurrency exchanges in the United States. It remains uncertain as to how another financial institution can be identified to facilitate the transfer of funds between cryptocurrency and fiat currency. We can expect a rise in the number of existing home sales to 4.19M, surpassing the previous figure of 4.00M. If this prediction materializes, it could be a positive indication for the US housing market. It may also result in an increased demand for the US dollar. Recent Notes from the Central Bank: The Committee has decided to raise the federal funds rate target range from 4.5% to 4.75%, with a plan to continue increasing it further to bring inflation back to the desired level of 2%. The Committee will keep a close eye on incoming information and adjust the monetary policy stance as needed to achieve its objectives. The decision to increase the target range received the majority vote from the Committee members. The next meeting is scheduled for March 23, 2023.
TVC:DXY
by FOREXN1
6
DOLLAR INDEX breakout the resistance zone. DXY 📉💲Hello guys, This is an update of previous analysis (blow link). Everything is marked on the chart like always. The market has moved as we expected, moved up and has broken the resistance zone. For now I expect some correction as a pullback to retest the zone. We can consider it and entering safe in the Gold , Euro , Pound and etc. So monitor the price's action in the circles to see what will happen. Good luck. If its useful please like it as a support and follow me to next analysis :)
TVC:DXYLong
by ArashBanakar
1
DOLLAR INDEX: Bullish context in short-medium term?Hi everyone! There would be a lot to write about the fundamentals of the US dollar, but time is very precious so I'll just try to translate fundamental analysis into technical analysis with this hourly chart. I hope it can be useful to someone anyway... ...trade with care! 👍 If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖 Cheers! PS: I would also like to know your opinion about dollar index, what do you think? Post your opinion in the comments.... A.B.
TVC:DXYLong
by TheAnonymousBanker
29