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Dxyanalysis

DXY Investment Plan - 1/Jan/2023Hello Traders, Hope you all are doing good!! I expect DXY to go Down after finishing the current correction in LTF. Look for your SELL setups. Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
TVC:DXYShort
by For3xScalper
1
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 10% DXY, 90% Cash. * DEATH CROSS WATCH . Final US Q3 GDP estimate was +3.2%, compared to a decline of -0.6% in Q2 , and was primarily led by upward revisions to exports, nonresidential fixed investments (IP and equipment) and consumer spending. The latest GDPNow US Q4 GDP estimate was 3.7% on 10/23 , with the next estimate due on 01/03/23. Russia announced a ban of oil sales to any countries or companies abiding by the $60 price-cap imposed by the G-7 (+ Australia) . North Korea sent 5 reconnaissance drones into South Korea and SK failed to hit any of them in their defensive counter-assault . Bank of Japan's Governor Kuroda expressed that the latest BOJ move to allow their 10-year bond yield to rise to 0.5% from 0.25% shouldn't be viewed as an "exit" from their ultra-loose monetary policy and that they maintain a 2% inflation target , although investors are now betting on a higher likelihood of a departure from negative interest rates come next April when Kuroda's second 5-year term comes to end. The Treasury General Account and Reverse Repos seemed to have found a short-term floor and are expected to continue rising, which poses a threat to the Fed balance sheet but a bullish catalyst for US Treasurys, and lesser so for DXY. A continually rising Fed funds rate which is expected to top out at 5.1%-5.2% at the moment also acts as a bearish catalyst for Risk-On markets and bullish for US Treasurys, and lesser so to DXY. A main reason why DXY has been going down recently is due to a bounce in EURUSD, JPYUSD and GBPUSD; along with inflation coming down and a terminal Fed funds rate being anticipated in 2023. Energy, US Equity Futures, DXY, Short-Term US Treasurys, VIX, HSI, N100, EURUSD, JPYUSD, GBPUSD and CNYUSD are up. US Equities, Cryptos, Long-Term US Treasurys, Metals, Agriculture and NI225 are down. Key Upcoming Dates: Next GDPNow US Q4 GDP Estimate 01/03; S&P Global Manufacturing PMI at 945am EST 01/03; FOMC Minutes at 2pm EST 01/04; December US Employment Situation at 830am 01/06. * Price is currently trending sideways at ~$104 as it nears a retest of the uptrend line from May 2021 at $103.15 support for the first time since February 2022. The 50MA is currently trending down at $107 as it approaches a seemingly inevitable Death Cross if it is to cross below the 200MA at $106. Parabolic SAR flips bearish at $103.85, this margin is bearish at the moment. RSI continues to trend sideways as it tests 39.43 resistance for the ninth consecutive session. Stochastic remains bearish but is on the verge of crossing over bullish just below 86.26 resistance. MACD remains bullish and is currently testing -0.832 resistance with no sign of peak formation at the moment. ADX continues to trend sideways at ~31 for the tenth consecutive session as Price continues to trend in a tight range for the same amount of time as it forms a Symmetrical Triangle, this is neutral at the moment. If Price is able to breakout here then it will likely retest the 200MA at ~$108 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from May 2021 at $103.15 support . Mental Stop Loss: (one close above) $105.
TVC:DXY
by dailytaguy
DXY going to perform classic chart pattern and correction I think it is time for DXY to perform another top and confirm it’s double top for a mid term correction, if It falls more than it supply area around 89 then we should see more falling down. But according to overall fundamentals and technical analysis it is not something that we would like to see. Anyway, I think another bull move to 111 is necessary and maybe a bit more than last high (around 114) to face divergence in RSI and then start its falling down correction for more than 4 to 6 months.
TVC:DXYLong
by AtareumFX
DXY- Reversal underway?Since the 115 top at the end of September, the US Dollar index dropped hard with a more than 10% decline from the top to the recent 104 zone bottom. However, the last month's drop from 108 top is contained in a falling wedge which is a warning of reversal. Considering the long-term bullish trend for Usd and 104 very strong support on longer time frames I expect a reversal soon. 108 could be the bull's target with negation in case of a new low. Buy dips slightly above 104 could also have a more than 1:3 R: R for medium-term traders.
TVC:DXYLong
by Mihai_Iacob
4
The market is still trying to avoid risk?Introduction : - As you know, the $DXY is the index representing the strength of the dollar against a lot of other currencies. - Often used as a representation of capital flows, from RISK ON to RISK OFF, and vice versa. - With the economic conjectures of the moment, the rise in rates, it is normal to see the DXY grow. On the other hand, it has been retracing for some time, which has allowed the markets to breathe a little. Point of view: - The DXY is moving in the range (colored channel), but it rose quickly and needed to breathe, in this zone of action, the direction taken will have an effect on the markets for a few months. - The chart stumbles on the 0.786 Fibonacci retracement of the last movement, so we could have had time to breathe to look for a new peak (materialized by the drawing in red). - Otherwise, see the DXY react slightly on this level and fall to find the bottom of the channel. (Materialized by the green drawing) - The RSI has fallen significantly, after having printed a Divergence Bear on us, and landed around 37.5 Conclusion : - It is important to have both plans in mind, so as not to be taken aback on the market, but only our reactivity thanks to alerts can protect us from risk. - Indeed, only economic announcements, geopolitics, or choices of large institutions can influence this index, so I think that anticipating its movement is not really possible. - But on the contrary, delimiting areas or scenarios as here, with alerts, allows you not to suffer the vagaries of the market and to know how to intervene. - I think that the direction of the DXY is very much to watch on its levels and these more than uncertain times. Voilà une vision plus globale : (It's a Fibonacci retracement, on the last move) Thanks ! Don't hesitate to Follow, putting on your big rocket is always nice, and comment to tell me what you think!
TVC:DXY
by Oudamska
DXY Daily TA Neutral BearishDXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% DXY, 60% Cash. * FOMC WATCH . US November CPI was estimated to come in at 0.3% but instead came in at 0.1% , compared to October's 0.4% it's fair to say that it eased a bit. Meanwhile Core CPI rose 0.2% in November compared to 0.3% in October. The last FOMC rate hike is expected to be announced tomorrow, though there is still a chance for another 75bps rate hike, the majority of speculators are anticipating 50bps. If they go with 50bps, it's reasonable to expect volatility tomorrow followed by further downside to DXY; however, if they go with 75bps, DXY should see a bit of a reversal in the short/medium-term. In a surprising move which is likely due to national security interests, China banned exports of their Loongson military grade processors to Russia ; Russia had apparently been testing them for a while as opposed to Intel and AMD processors due to Western sanctions. The USA is preparing to send their Patriot Air Defense system to Ukraine in response to Russia continuing to bombard key energy infrastructure as Ukraine approaches their coldest parts of winter. DXY, Cryptos, US Equities, US Equity Futures, JPYUSD, HSI, NI225, N100 and Short-Term US Treasurys are up. While Commodities, GBPUSD, EURUSD, CNYUSD, Long-Term US Treasurys and VIX are down. Key Upcoming Dates: Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; Next GDPNow US Q4 GDP estimate 12/15; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently attempting to bounce here at $104.06 before retesting the uptrend line from May 2021 at $103.15 support for the first time since February 2022. Parabolic SAR flips bullish at $105.27, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 34, the next resistance is at 39.43 and the next support at 23.34. Stochastic remains bearish and is currently testing 29.40 support. MACD remains bullish and is on the verge of crossing over bearish as it trends sideways at -1.21 support; if it breaks below this support level it would be a bearish crossover. ADX is currently trending up slightly at 33 as Price continues to fall, this is bearish at the moment. If Price is able to bounce here then it will likely retest the 200MA at ~$105.80 as resistance . However, if Price continues to break down here, it will likely retest the uptrend line from May 2021 at $103.15 support . Mental Stop Loss: (two consecutive closes above) $105.80.
TVC:DXY
by dailytaguy
The dollar slowly perks up ahead of US CPI and FOMC meetingThe US dollar is trying to form a base following its false break of the August low. Whilst it saw a daily close beneath the key level on Friday 2nd December, a bullish engulfing candle formed the following day. Furthermore, a higher low formed on Friday with a Spinning top Doji and held above the August low, and momentum is pointing higher today. So if this week’s FOMC meeting is more hawkish than currently expected, these levels likely look appealing for bulls after its near-10% retracement. With that said, I suspect volatility will be lower ahead of this week’s US CPI report and FOMC meeting as traders may be wary to front-run these key events. - The bias is bullish above last week's low (although a more aggressive stop could be used beneath Friday's low) - Open upside target, given the market has retraced nearly 10% from its highs and the Fed have the potential to deliver a hawkish hike this week
TVC:DXYLong
by CityIndex
DXY - Awaiting Support BreakoutTime to be neutral about the prospects of DXY. Although the trend was significantly bearish considering the recent blowing up of investors confidence followed by USA midterm elections. Let us now analyze what seems to be adequate possibilities that may follow considering the lack of egalitarian policies as the end of year approaches: 1- We are currently at a major important support level (103.8-104.2) as elaborated in my previous big picture idea about (see related idea) 2- The downtrend rally is finely observing a downtrend channel, breaking out from here we can expect a retracement to the level between 107-108.5, however, the major trend remains bearish unless broken higher than last yearly high at ~114.7. If it crosses higher than described retracement zone, we will see about it later 3- If the yearly support does not hold, we might be heading towards a double figure value for DXY i.e. <100 4- We got a midterm extended target zone near the price value of ~101.7, we can expect a retest of yearly support zone at 103.82-104.2 if we bounce from here 5- For now we are waiting for one of the two possibilities to comment further about the DXY targets i.e. either yearly support ruptures or downtrend channel breaks high 6- We are currently having a daily bullish doji star and a weekly bullish harami candle, which indicate a possible retrace to the continued bearish trend 7- Confiding in bear, we must also consider that we are presently at the point where the year is ending and FEDs are preparing a closing report, therefore, just ride the wave as far as it goes. We might spot a proper reversal later when it appears. Best of luck and happy trading :-)
TVC:DXY
by Uzi-Trades-Forex
2
💵U.S.Dollar Currency💵 Index Analyze (Short term,12/02/2022)!!!The DXY index was able to make a Bullish ALT AB=CD Harmonic Pattern on the support zone. I expect the DXY index will go up at least to the resistance line. And in the next step, it will touch the resistance zone after breaking the resistance line. U.S.Dollar Currency Index ( DXY ) Analyze Timeframe 4H (Log Scale)⏰. Do not forget to put Stop loss for your positions (For every position that 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
2
💵U.S.Dollar Currency💵 Index Analyze (Short term,12/09/2022)!!!The DXY index wants to make at least the zigzag correction(even it can make 5 impulsive waves, it depends on whether DXY can break the resistance line or not🤔❗️❓). The end of microwave B was confirmed by the Bullish AB=CD Harmonic Pattern, and after breaking the downward trend line, we can be more confident about the end of microwave B. I expect the DXY index will go up at least until PRZ(Price Reversal Zone) & resistance line. U.S.Dollar Currency Index ( DXY ) Analyze Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position that 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
4
DXY Daily TA BearishDXYUSD daily guidance is bearish. Recommended ratio: 5% DXY, 95% Cash. * Oil tankers are reportedly beginning to jam up the Black Sea with 28 tankers waiting to be checked for having proper insurance by Turkish officials . This will likely put upward pressure on the price of oil in the near/medium term. Investors appear to be anticipating a 50bps rate hike by the FOMC on 12/14, which will be their last rate hike announcement until February 1st 2023. Interestingly, investors appear to be equating a slowing in rate hike increases with a lowering of the terminal FFR, which is unlikely to be true; Federal Reserve staff/member consensus is currently projecting a 5%-5.5% terminal funds rate to be achieved by mid-2023, the FFR is currently at 3.75%-4%. So going forward, 50bps on 12/14/22 brings it to 4.25%-4.5%, another hypothetical 50bps on 02/01/23 would bring it to 4.75%-5%, another hypothetical 25bps on 03/16/23 would bring it to 5%-5.25% and then a last hypothetical 25bps on 05/04/23 would bring it to 5.25%-5.5%. This all assumes that Russia doesn't continue to escalate the war and that supply chains reach a newfound stability/order; a somewhat unrealistic assumption at the moment. US Equities, US Equity Futures, US Treasurys, Cryptos, Metals, Natural Gas, Agriculture, EURUSD, GBPUSD, CNYUSD, HSI, N100 are up. DXY, VIX, JPYUSD, NI225 and Oil are down. Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently trending down at $104.80 after being rejected by the 200MA at ~$105.80 as resistance. Parabolic SAR flips bullish at ~$105.80, this margin is mildly bullish. RSI is currently trending down at 36 after being rejected by 39 resistance for the third time since 11/21/22, the next support (minor) is at 23.34. Stochastic remains bullish and is on the verge of crossing over bearish as it trends down at 58 after getting rejected by 67 resistance, if it falls below 56 it would be a bearish crossover; the next support is at 45.65. MACD remains barely bullish for a second consecutive day as it trends sideways just below -1.21 support. ADX is currently trending up slightly at 31 as Price continues to see selling pressure, this is bearish at the moment. If Price is able to bounce here and reestablish support at the 200MA (~$105.80) , the next likely target is a retest of $108 resistance . However, if Price continues to break down here, it will likely retest the uptrend line from May 2021 as support for the first time since February 2022 which would coincide with $103 support . Mental Stop Loss: (one close above) $105.80 .
TVC:DXY
by dailytaguy