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Dxyanalysis

DXY- The chart show a lot of bottiming signsIf you read my analysis you know that I'm bullish USD and although so far the reversal keeps us waiting, my opinion remains the same. Looking at the Dxy chart we can see that since Monday USD is showing some life with yesterday being a very agitated and volatile day. Usually, big volatility is a sign of reversal, and yesterday's low could mark the bottom Technically all the candles since Monday are reversal ones so a test of 103.50 resistance, in the short term, is very probable. Anyway, I will remain bullish in the long run USD, and in my opinion, there is much more room for up than down. I'm looking for good points to sell EurUsd and GbpUsd
CAPITALCOM:DXYLong
by Mihai_Iacob
1
Important DXY Monthly Chart UpdateToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. The chart shows major touch points where the DXY is either supported or crosses support and resistance lines on the multi-year period. DXY has been recently coming down and it is at a critical multi-month support line with possibility of a bounce. If it begins to move upwards, expect challenges in the stock and crypto markets. This is a multi-year chart so don't expect everything to move quickly. When zooming out, the US Dollar price looks bullish in the long-term. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
TVC:DXY
by MillionaireEconomics
4
Plan A or Plan B on this index?Hello, my dear friends and fellow traders. What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up. So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up. However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system. Till then wishing you a good luck on this strategy. See you in my next post. It is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. CAPITALCOM:DXY Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
CAPITALCOM:DXYLong
by AlphaTradingStation
DXY / 1D The daily time frame is currently in the range of 102. There is a possibility of further correction up to the range of 101/100. It may be associated with a positive reaction from the support range. We have to see how the price will react. It is important to maintain the specified range, if it is accompanied by further correction, the range of 98/98 can be considered, but currently the correction target is 101/100. The important resistance range is 104.150/103.500/ for a positive swing, the break of the specified range and stabilization is very important. Note that the analyzes are for review purposes, not an investment recommendation and should not be used alone to make your decision. ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
TVC:DXYShort
by SasanSeifi
4
Dollar index bottom is closeYesterday Fed Chairman Jerome H. Powell’s speech on Central Bank Independence and the Mandate—Evolving Views" give no clue on the interest rate forecast or his view on the upcoming rate decision. At this moment, market expect a 75.3% chance hike 25 bps in 1 Feb 2023 and 24.7% chance to hike 50 bps. However, in Dec Chairman Powell expressed that despite the tighter policy and slower growth over the past year, we have not seen clear progress on slowing inflation. and the stress on the necessity to bring inflation down to 2 percent over time. And he think that ongoing rate increases will be appropriate, and the ultimate level of rates will need to be somewhat higher than thought at the time of the September meeting and Summary of Economic Projections, which is 4.75% at that time. And he stress on that restoring price stability will require holding policy at a restrictive level for some time. History cautions strongly against prematurely loosening policy. Since the CPI figure slowdown in Nov, market is tipping the Fed will pivot soon, especially when the oil price continue retreated. A few days ago, Three Fed bosses says interest rates will go above 5% including Raphael Bostic, president of the Federal Reserve Bank of Atlanta said, “The most recent report showed the Fed's preferred measure of inflation running at a 5.5% annual rate.” The chief executive officer of JPMorgan, Jamie Dimon even expect Fed will raise rate to 6%. and Goldman Sachs expect ECB will increase rate to 3.25% only. If that is the case, US Dollar still have a big advantage of he rate differential. From the Fed’s view, Fed will continue to raise rate this year but in a lesser pace, so betting Fed’s will pivot soon is not a good place to buy in medium term Dollar index weekly chart show’s dollar is entered to oversold zone and it’s already close to the 50% retracement support. Expect DXY finding support in 102.15-102.80
TVC:DXYLong
by bruceyam
1
DXY (Dollar index) 4H: 03/01/2023: Will liquidity pool be taken? As you can see, price ranges for a while, and now finally took the liquidity above the previous high. Now we expect the price moves downward for collecting liquidity below an equal low which is a good liquidity pool. You can see the possible scenarios on the chart. If you have questions, feel free to ask. 💡Wait for the update! 🗓️03/01/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
CAPITALCOM:DXYShort
by VahidTradingCR
5
DXY IN LONGTERM VIEWHello everyone, hope everyone doing good, (Not a financial advice) After Analyzing DXY/Dollar, in Longterm view Dollar is doing something similar to the past and present. FALL A -----> STOP/CONSOLIDATE/CUP SHAPE----->UPTREND/PARALLEL CHANNEL----->TOPPING PROCESS/BEARISH DIVERGENCE---->FALL B------> STOP/CONSOLIDATE/CUP SHAPE------>UPTREND/PARALLEL CHANNEL--->TOPPING PROCESS?/BEARISH DIVERGENCE NOT CONFIRMED YET. DXY in long term it was in massive downtrend in huge Descending triangle, it did Breakout but we have to see if it will back test the top level of Triangle or not. Once if Bearish Divergence is Confirmed most likely it will come back to the lower levels may be 80 or 70. Currently it's in the process of making Bearish Divergence in RSI moving in upside direction in the chart. To my guess most of the markets will be paused/go sideways for little long term, once Dollar gets failed to move in upside Direction. After Analyzing dxy/dollar, the momentum of going up is reducing consistently, looks like DXY/Dollar will come down. Thank you, stay safe, stay smart.
TVC:DXY
by nmchary
2
Dollar Index (DXY) still in uptrendsAccording to the DXY market chart, the uptrend continues, as it has since 1981. According to the GDP growth data of 1980 to 1982. GDP was negative for six of the 12 quarters. The worst was Q2 1980 at -8.0%.24 Unemployment rose to 10.8% in November and December 1982. It was above 10% for 10 months. From 2020 to 2022, the GDP was negative for four of the eleven quarters. Q4 of 2022 is pending, but the overall GDP situation is the same; the rate hikes are higher to combat inflation. In 2020, unemployment during the COVID period was 14%, but overall after COVID, it was around 3.7%. The market structure of DXY says the recent decline of DXY is a market uptrend signal. The support level is from December 1981 and the resistance is the same as in August 1981.
TVC:DXY
by humairqureshi
2
Dxy- Reversal loomingAs I argued in the start of the year video, I expect a reversal from Usd pairs and a resumption to the long-term bearish trend (bullish DXY). In Dxy's case, I draw attention to the important support that the index is trading in and, as we can see, so far this zone held. Going further, as we can see from the posted chart, since mid-December, the index is trading in a range and we have a strong reversal 2 days ago. Confirmation of reversal comes once the price is breaking above the upper boundary of the range at 104.50 and, in such an instance we can see a medium-term rise to 109 important resistance zone. Sell pairs like EurUsd, GbpUsd, NzdUsd, and AudUsd can be a good trading strategy.
CAPITALCOM:DXYLong
by Mihai_Iacob
2