Dollar Show Signs of Flat Price Action until Year-End
Here is an important update regarding the current state of the dollar and its potential price action for the remainder of the year. It is crucial to approach the subject with caution and consider the implications for your investment decisions.
Over the past few months, the dollar has exhibited signs of flat price movement, showing limited volatility and a lack of clear direction. This trend is likely to persist until the end of the year, as various economic factors and market uncertainties continue to influence its performance.
While it is tempting to engage in active investing in the Dollar Index (DXY) during such periods, it is important to exercise prudence and carefully evaluate the potential risks involved. The lack of significant movement in the dollar can make it challenging to achieve substantial returns within a short timeframe.
Considering these circumstances, I encourage you to pause your DXY investing activities and reassess your strategies accordingly. It is crucial to remain vigilant and closely monitor market developments, as sudden shifts in global economic dynamics or geopolitical events could potentially disrupt the current flat price action.
As traders, it is essential to adapt to the prevailing market conditions and adjust our investment approaches accordingly. This period of relative stability in the dollar can provide an opportunity to diversify our portfolios and explore alternative investment options that may offer better potential returns.
I urge you to consider this cautious approach and take the necessary time to evaluate your investment strategies. By doing so, you can ensure that your capital is deployed wisely and in alignment with the prevailing market dynamics.
Thank you for your attention, and I wish you continued success in your trading endeavors.
Dollarindex
Dollar fell sharply, reaching its lowest levelThe dollar index fell below 105.5 on Tuesday, its lowest in a month, as U.S. Treasury yields fell as investors continued to assess the outlook for the Federal Reserve's monetary policy. .
The benchmark 10-year Treasury yield fell from 5% on Monday after Pershing Square's Bill Ackman said he hedged short positions in bonds due to geopolitical risks on the day. .
Fed Chairman Jerome Powell said last week that current policy is less hawkish and that the Fed is proceeding with caution and will decide its next steps based on future indicators, changes in the outlook, and balance sheet risks. .
Investors are now awaiting U.S. GDP data and the Fed's preferred inflation indicators to be released this week for further guidance ahead of next week's central bank policy decision.
DXY CREATED A HEAD AND SHOULDER PATTERNDXY confirmed a breakout on the trend line formed and yet after some consolidation we have seen the DXY created a head and shoulder pattern for a potential bearish perspective. Here we witnessed a breakout on the neckline after completing the right shoulder of the structure. Now we expect a potential downside momentum with the confirmation towards the 104.430 to 102.940 levels
EURUSD Highs Vs. The Dollar Lows?Hi traders. EURUSD is showing alot of bullish push today. The question we must ask ourselves is is this a strong bullish push?Can the buyers take control. If so, EURUSD may have a great buying opportunity in the near future.
The dollar is showing weakness today. The question is, are the sellers taking control?If so, it can give EURUSD the bullish push it needs to continue higher.
Let me know what you think by commenting below. Remember to add value and be respectful.
Like the video for more and I'll keep you updated on the movement.
-Shaquan
DXY stabilized around 106.5Gold prices (XAU/USD) regained some of last week's gains and hovered around $1,975 during Asian trading on Monday. The bullish outlook for precious metals is supported by flows into safe-haven assets amid rising geopolitical tensions in the Middle East. Meanwhile, the US dollar index (DXY), which measures the value of the US dollar against six other major currencies, remained stable at around 106.15.
Federal Reserve Chairman Jerome Powell has indicated that he would like to pause interest rate hikes in the coming months and monitor developments in economic indicators. Powell added. He explained that tighter monetary policy could become appropriate if there are further signs of above-trend growth or if labor market easing ends. The better-than-expected data could boost the US dollar (USD) and put pressure on USD-denominated gold.
On the other hand, rising tensions in the Middle East could cause prices for safe-haven assets such as gold to rise. But on Sunday, concerns grew that the conflict between Israel and Hamas could escalate into larger-scale fighting in the Middle East, with the US government warning of grave risks to its interests. America in this region
dxy down trend for 3 monthshi, first im sorry for mistake in my english grammer, its a forecast about dxy for 3 months and its base on fundamental and technical analysis, i expect that dollar index will continue to rise this week, and we may have conformation of beginning of the decline at the end of the week depending on movment.
my expectation for this week in currency pairs:
eurusd and gbpusd , audusd, nzdusd : down trend
usdcad and usdjpy : up trend
this content in not signal for trade and you are responsible for your trades.
90% of my trading problems were solved by sizing down, try it, you'd be suprised.
good luck
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Dollar Can look For A Final Leg UpHey traders,
In this article, I will talk about Dollar index, but before going into it, I want to invite you to our webinar here on tradingview like each Monday at 15CET, CLICK HERE
For now the USD remains in uptrend despite Powells comments yesterday, who acknowledged that the increase in bond yields was leading to more restrictive financial conditions and recognized that this could potentially impact monetary policy. Not exactly really sure what this means for their decision looking forward, but I am sure that the main goal is to bring inflation back down to 2%, so possibly they may not hike too much anymore, but rather only keep rates at high levels for longer periods of time.
However, high yields are not the only main problem these days, we also have geopolitical issues that may not end any time soon, so the dollar remains in an uptrend ahead of the weekend as a "safehaven".
Looking at the Dollar index chart, notice that there is a nice and strong support still in play for the DXY, its at March swing highs, so as long this one is not breached tot eh downisde, the uptrend for the US currency is still alive. In fact, from an Elliott wave perspective, we see nice corrective wave four here, possibly even its a triangle, so one more push is possible, especially if stocks will stay in risk-off mode.
If 105 support is cleared out then I may consider a top for the DXY.
Trade well,
Grega
GBPUSD shortSo,I am planning buy dollar again!There is no signal to short USD yet!
Israel Palestine conflict may also support US dollar + NFP was positive
Also we are at 4th quarter of trading year so I need to see Dxy cleares last old high level!
Till then I am going to buy Dollar!
Manage your risks!Happy Trading)
DXY(Dollar Index): 18/10/2023: Possible scenarios As you can see, the market structure is bullish so we expect higher prices will be seen.
Since the price collected liquidity below 105.5 and then had a bullish reaction we mentioned Order Flow and Order block as support that can cause the price to move higher for creating a higher high.
💡Wait for the update!
🗓18/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
DXY D1 - Short SignalDXY D1
Unfortunately we haven't seen an awful amount of response yet from the dollar index. Still waiting for a bit more confirmation on the downside potential here, and thus ***USD longs.
US100 and US30 have been climbing, with a short reaction from US30's 34000 price we marked yesterday. How much mileage this may have? I don't know, it depends on how to dollar performs at it's current price.
DXY 1D ANALYSISAfter DXY reversed from the keyzone level of 105.774 last week and moved back to the upside, my expectation for this week is that the market will continue the uptrend with the target areas identified above. The ongoing conflict between Israel and Palestine has increased the demand for the Dollar as a safe-haven asset.
However, it's important to note that other fundamental economic news releases could potentially reverse the trend this week. We'll need to keep a close eye on these developments.
What are your thoughts on DXY? Please share your comments below
DXY (Dollar Inde) - Bullish ZoneAs per our analysis, it is predict on weekly time frame, that the next target of DXY 107.83, We can take a long position from the level of 106.60, with tight Stop Loss of 105.20, For more trade and info and timely analysis like, boost and share our post and follow us that.
⚠️DXY will Go Down again⏰(15-Min)⏰⚠️DXY Index is running near the Uptrend line and 🟡 Price Reversal Zone(PRZ) 🟡.
According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 ascending waves near the 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD-) between two consecutive peaks.
🔔I expect the DXY Index to trend lower in the coming hours and at least go down to the 🟢 Support zone($106.330_$106.160) 🟢.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 15-minute 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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💸DXY Index💸 will Go Up by Falling Wedge Pattern⏰(1-Hour)⏰✅The DXY Index has completed a Falling Wedge Pattern in the 🟢Heavy Support zone($105.80_$104.530)🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys .
🔔I expect the DXY Index will go UP after breaking the upper line of the Falling Wedge Pattern to the 🔴 Resistance zone 🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dollar looks into the skyThere is much noise about dollar losing its king status in the world.
The drop in the yellow wave b within a correction could have spurred that speculation.
You can see that it was a natural move to retest broken former barrier.
It was successfully rejected as the price bounced up quickly.
The target for the next move could be around $125
where yellow wave c will be equal to yellow wave a.
The next possible target is around $141
where yellow wave c will be equal to 1.618 of yellow wave a.
Where do you think DXY would go next?
-$125
-$141
-down
DXY Bearish while Bitcion BullishHello Crypto Traders!!
Lets take a look at these two charts side by side. You'll notice that when the DXY decides to PUMP, Bitcoin decides to DUMP and when the DXY decides to DUMP, Bitcoin decides to PUMP.
A massive long term strong bullish trend has finally been broken for the DXY and if it cannot find its way above the trendline, it will continue to DUMP which should make Bitcoin PUMP.
This is a great area to long BITCOIN using the right risk management.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.