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Dxyanalysis

DXY still shows no signs of breaking out of the trendlineThere has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates. Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in recent months could prompt the Fed to hold off on raising interest rates. Waller said on October 11 that higher market interest rates could help the Fed control inflation and allow policymakers to consider whether further rate hikes are necessary. "Overall, the minutes indicate that Fed officials are increasingly concerned about recession risks to the U.S. economy," said Carl Schamotta, chief market strategist at Kopay in Toronto. The recent weakness in the US dollar is due to a decline in US Treasury yields, with bond prices rising due to the Fed's "loose" stance on future interest rate hikes. Investors are now awaiting the release of the main inflation report today, October 12th, for further guidance on the future direction of interest rates. Additionally, the market is closely monitoring the conflict between Israel and the Islamic organization Hamas. Conversely, the euro rose to $1.0634, its highest level since September 25th. Meanwhile, the pound rose to a three-week high of $1.2337. Dutch central bank board member Klaas Nott said on October 11 that the ECB has made "important progress" in bringing inflation down to its target level, but there is still a long way to go and rules out the possibility of inflation rising. He said he could not. Interest rates may rise further in the future.
TVC:DXYShort
by TheLeader_WOLF
DXY Index will Go Down to 🟢Heavy Support zone🟢(1-Hour)⏰✅The DXY index managed to break the Uptrend line and 🟢 Support zone 🟢. 💫Currently, DXY reacted well to the Resistance line and formed a 💫Shooting Star Candlestick Pattern💫 near this line in the 1-hour time frame ⏰. 🔔I expect the DXY to trend lower in the coming hours , enter the 🟢 Heavy Support zone 🟢, and fall to at least the 🟡 Price Reversal Zone(PRZ) 🟡. 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.
TVC:DXYShort
by pejman_zwin
27
DXY : Here's what you need to know to start your week.DXY New forecast The US dollar index faces the risk of ending its 12-week upward streak, with a possible decline to 104.19. Factors contributing to the dollar's strength include Fed hawkishness, recession fears in the Eurozone, and weak data from Asia US inflation data could provide more clarity on the future path of interest rates following Friday's strong jobs report, while minutes from the Federal Reserve's latest meeting on Wednesday will also be looked at closely. Meanwhile, the third quarter earnings season begins and energy prices remain in focus. Here's what you need to know to start your week. Inflation data The US will release what markets have been waiting for September CPI data this week as investors continue to evaluate the Fed's rate hikes for "a longer period". The August CPI report showed the fastest increase in 14 months as the cost of gasoline rose, although core inflation, which excludes food and fuel costs, rose at its slowest pace in nearly two years. Jobs data on Friday showed a larger-than-expected rise in non-farm payrolls last month as wage growth slowed, suggesting that monetary policy may remain tight for some time. Federal Reserve meeting minutes The US central bank is set to publish minutes from its September meeting on Wednesday as market watchers look for clues on whether policymakers are leaning toward another interest rate hike before the end of the year. Beginning of third quarter earnings The third-quarter earnings season begins with reports from several major banks as Wall Street investors look for a catalyst to revive stocks in the face of rising bond yields. ⭕️This week’s data ⭕️Monday and Tuesday no data ⭕️Important data on Wednesday: American inflation for consumers and producers Technical abstract : The index of Dollar witnessed negative performance in trading before the closing of the last sessions of the week, on the 4H time frame The price trade in the bullish channel for a long time and now trade at the bottom of channel and above the support zone 105.22 - 105.61,so we have to wait until get out of the channel and breach the support zone then we will sell . therefore the downward trend scenario will be remain valid and effective when the price breach that level we mentioned above and will try to reach 104.01 as a next negative target ,taking into account that as long as price trade above 105.61 the price will try to be continue at the bullish trend . On the weekly time frame As we see the price closed weekly bearish candle and that is first bearish candle since 3 month , the price pullback from that zone strongly so we expect the bearish tendency will be on control during the next week . support line : 105.61 , 105.22 resistance line : 106.55 , 107.51 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
CAPITALCOM:DXY
by Arazmajeed
6
DXY will Fall by Head and Shoulders Pattern⏰(1-Hour)⏰✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴. 🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago. 🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline . 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.
TVC:DXYShort
by pejman_zwin
36
Potential for Continued Rise in US Dollar as Bond Yields SpikeBond yields have been on the rise lately, and this trend may continue in the near future. As a result, it is crucial to approach the situation with caution and consider the potential opportunities it presents. The correlation between bond yields and the US dollar is well-established. When bond yields increase, it often attracts foreign investors seeking higher returns, leading to an appreciation in the value of the US dollar. Given the recent spike in bond yields, it is reasonable to anticipate a continued rise in the US dollar's value. However, it is important to note that market dynamics can be unpredictable, and various factors can influence currency movements. Therefore, I encourage you to exercise prudence and conduct thorough analysis before making any trading decisions. Here are a few factors to consider: 1. Monitor Economic Data: Keep a close eye on economic indicators such as inflation rates, employment figures, and GDP growth. These data points can provide insights into the overall health of the US economy and its potential impact on the currency. 2. Central Bank Policies: Stay informed about any shifts in monetary policies by the Federal Reserve. Changes in interest rates or quantitative easing measures can significantly influence the US dollar's trajectory. 3. Global Events and Geopolitical Risks: Consider geopolitical developments and their potential impact on the US dollar. Factors such as trade tensions, political instability, or unexpected events can create volatility in the currency markets. Considering the potential for the US dollar to continue its rise, it may be prudent to explore long positions on the currency. However, I strongly urge you to conduct thorough research and consult with your financial advisors before making any investment decisions. Remember, trading involves inherent risks, and it is crucial to carefully assess your risk tolerance and financial goals. As always, it is essential to stay updated with the latest market news and trends. By staying informed and adopting a cautious approach, you can navigate the currency markets more effectively. Wishing you successful trading ahead!
TVC:DXYLong
by bryandowningqln
2
DXY index bottom and BTC topINDEX:DXY Possible Targets and explanation idea ➡️weekly (even yearly) FIB top for DXY now we are in a downtrend ➡️last move on DXY will be around 107-109 than down till 2025-2026 ➡️Bottom for DXY will be around 92 ➡️The same time historically its will be the new high (not for sure ATH) for BTC ➡️After that we will start new bear market in crypto Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
INDEX:DXYShort
by Crypto4light
Celebrating the Bright Future of the US Dollar! 🌞I bring you fantastic news that will surely make your day even brighter. The upcoming job report expect to have an impressive addition of 150,000 new jobs, coupled with a lower unemployment rate. This remarkable achievement will set the stage for an exciting journey ahead for the US dollar! The US economy continues to demonstrate its resilience and strength, and these latest figures are a testament to that fact. With each passing day, the US dollar is becoming an even more attractive investment opportunity. As traders, it is essential to recognize and seize the potential this brings to our portfolios. So, what does this mean for you? It's time to consider a long position on the US dollar! The positive job report signals a favorable market sentiment and reflects the growing confidence in the US economy. By taking advantage of this upward trend, we can position ourselves to reap the benefits of a strengthening US dollar. Here are a few compelling reasons why you should consider going long on the US dollar: 1. Economic Growth: The addition of 150,000 new jobs indicates a robust and expanding economy. This growth is likely to fuel increased consumer spending and business investments, further bolstering the value of the US dollar. 2. Lower Unemployment: The decrease in the unemployment rate signifies a healthier labor market, which translates into higher wages and increased consumer confidence. As disposable incomes rise, so does the demand for goods and services, ultimately benefiting the US dollar. 3. Global Safe Haven: In times of uncertainty, the US dollar has historically been a safe haven for investors. With its strong economic fundamentals and stable political environment, the US dollar is likely to attract capital flows, driving its value higher. Now is the time to act! As traders, we have the opportunity to capitalize on this positive news and optimize our investment strategies. By going long on the US dollar, we position ourselves to potentially unlock substantial gains in the future. Remember, successful trading requires staying informed and making well-informed decisions. Keep a close eye on market trends, economic indicators, and geopolitical events that may impact the US dollar's performance. Let's embark on this exciting journey together, riding the wave of optimism and prosperity that lies ahead. Long live the US dollar!
TVC:DXYLong
by bryandowningqln
What about DXY and the effect on BTC?There are several factors that could contribute to a sharp increase in the value of the US dollar in the future: Strong economy: If the US economy is doing well compared to other economies, it can boost confidence in the US dollar and attract investors. Strong GDP growth, low unemployment, high investment and innovation may be factors contributing to increased demand for dollars. Higher interest rates: An increase in interest rates by the US central bank (Federal Reserve) may increase the attractiveness of the US dollar. Higher interest rates can attract capital from other countries and boost demand for dollars, which could lead to dollar growth. Geopolitical instability: In the event of political or geopolitical uncertainties, such as conflicts, trade disputes or global crises, the US dollar can be seen as a safe haven. In such situations, the demand for dollars could increase, which could result in an increase in its value. Dominance of the dollar in the international market: The US dollar is still the most used reserve currency in the world and the main currency for international trade. If this dominance continues, it may strengthen the dollar's position and contribute to its growth. A rise in the value of the dollar can affect the price of cryptocurrencies, including Bitcoin (BTC), in several ways: Inverse relationship: There is a tendency for the value of the dollar and the price of cryptocurrencies to have an inverse relationship. This means that if the value of the dollar increases, it can result in a decrease in the price of cryptocurrencies, including Bitcoin. This is because investors may turn to stronger traditional currencies such as the dollar and leave riskier assets such as cryptocurrencies. Currency Pairs: If the dollar strengthens against other currencies, it may affect trading between cryptocurrencies and those other fiat currencies. For example, if the value of the dollar increases against the euro, then the value of Bitcoin in the BTC/EUR exchange rate may decrease. Global Economic Factors: A rise in the value of the dollar may be a result of a strong US economy, which may signal the risk of lower volatility and less uncertainty. This may cause some investors to prefer traditional assets such as the dollar instead of cryptocurrencies, which are considered riskier. So what friends? are you still going to feed this money machine? Try my indicator for trading and generally keep an eye on things
TVC:DXYLong
by Bitcoinblockchainonline
DXY - 02/10/23TVC:DXY - 02/10/23 **Trade setup:** Still looks very bullish, but the X in green is telling me the trend is getting weaker! Coming into a SUPPLY zone made in DEC so were getting stopped here but looking to break out of it on the day chart! If we can get above here it will take out the two red imbalances from last NOV and try the high at $114, this is running with BTC atm so a pullback here will probably mean worse for BTC! I will be looking for the high to be broken to trade higher here and looking for a pullback! Now the targets are below: **Bullish target:** $109 then $111 to clear out imbalance if broken at $106 **Bearish target:** $103 if we fail to make a new high and break above $106 **Supply and Demand**: The nearest Demand to keep us up is $100. The next Supply is $114.
CAPITALCOM:DXY
by mikey_s_trades
🏆Holy Grail🏆 Shows the DXY Index will increase🚀🏃‍♂️The DXY index has been moving above the Uptrend line for more than 2 months . ✅ The DXY index managed to break the 🔴 Resistance zone($105.8-$104.5) 🔴 last week. ↘️ In the last week, we saw the DXY pull back to the 🔴 Resistance zone($105.8-$104.5) 🔴. 🏆Today, I analyzed the possible trend of the DXY Index for the coming week using the 🏆Holy Grail Strategy🏆 . 📚Getting to know the 🏆Holy Grail strategy🏆 Holy Grail is one of the strategies described by Linda Raschke and Laurence Connors in their book “Street Smarts”. The name of the strategy is mocking because it is super simple. It suits timeframes from M1 to MN and any instrument in Forex, futures, and stock markets. The desktop of the strategy consists of one simple Exponential Moving Average (20), applied to Close prices, and the ADX indicator with standard parameters and the marked level 30. The idea of the strategy is that ADX shows the strength of the trend on a certain period. Some traders think that a reversal of this indicator top-down signals a trend reversal but this is not always true, the correctness of this idea depends on whether we are trading in a flat or trend. We do not care about flats, so this is what the EMA (20) is necessary for: its slope shows the direction of the current trend. 📚A signal to buy A signal to buy by the Holy Grail forms when ADX rises above 30, following the growth of the price; after that, the price must pull back to the EMA (20) and touch it. When the candlestick that has touched the EMA closes, place a buying order above the high of the candlestick with the initial Stop Loss below its low. As for the Take Profit, place it slightly below the highest local high that formed after the price pulled back to the EMA (20). If the next candlestick does not trigger the buying order, and its high turns out below the preceding candlestick, place the order above this candlestick. And if its low renews the low of the previous candlestick, place the SL below the former. Of course, ADX will be falling alongside the price. However, for the signal to be valid, ADX must not fall below 30. 🔔According to the Holy Grail strategy and the Hammer Candlestick Pattern, which indicates the completion of the pullback to the broken 🔴 Resistance zone($105.8-$104.5) 🔴, I expect DXY to have an upward trend in the coming week and can increase to the 🔴 Resistance zone($109.3-$107.7) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily 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.
TVC:DXYLong
by pejman_zwin
31
"DXY's Upward Trajectory Amid September Caution"In the upcoming week, my optimism remains steadfast. The DXY continues to exhibit an upward trajectory, with its target poised in that direction. The recent Break of Structure (BOS) formation on a higher time frame solidifies my conviction in the DXY's potential for further up move. However, a measure of caution stems as approaching month of September. It's worth noting that historical DXY seasonality contradicts the current chart dynamics. My focus will be keenly set on the upcoming week, particularly post Wednesday. The release of Non-Farm Payrolls (NFP) news will undoubtedly steer market sentiments, presenting us with intriguing opportunities. To me, Tuesday and Wednesday hold significance, as these days dedicated to capitalize on potential market moves. In case the circumstances do not align favorably, I will sit and wait for good opportunity
TVC:DXYLong
by Crypto_Byte9
DXY Analysis - Weekly Timeframe (ICT)How convenient it was to stop right at the descending trendline for the week. In my eyes, this is giving time for traders to formulate their "predictions" on where DXY is going to go. I expect some funny business to happen to shake out any support & resistance, as well as breakout traders, culminating with an explosive movement to the upside. I really like the Weekly Bearish Breaker Block residing above as a point of interest for trades, which may take a while to get there. I will also be observing how price moves towards that area, if it even does. Next week, keep your guard up. Don't take the bait. Wait for the sheep to get slaughtered, and once you see that already come to past on the charts, that is the time to strike.
TVC:DXYLong
by Road_2_Funded