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Dxyidea

DXY may have reversed!!Currency Pair : DXY Possible direction : Bullish Technical Analysis : Price just has opened with gap and slowly turning into a bullish market after forming a middle man in the previous session. From monthly price has just bounced from the monthly support zone. Fundamental : Positive ADP Non-Farm Employment change data has given a strong boost on USD Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:DXYLong
by ForexWizard01
DXY - Tool to assess Risk on/ Risk off scenariosHi guys. Welcome to my TA analysis on the dollar index. ALot of talk has been going on about whether or not we are in a bull market for bitcoin and if equities will rally further or not. In order to assess or determine if its likely that we are, the dollar is used by many analysts to gauge at what the sentiment is, whether "RISK ON" or "RISK OFF". As such i also have come to analyze and use DXY as such a tool. RISK ON = When dollar is decreasing in price, other assets tend to go up. ( Hence we hear people mention "oh, the dollar is inversely related to stocks, crypto) RISK OFF = sentiment is scared to invest and people flock to the safety of cash/dollar, Increasing the value of the dollar and prices of other assets decrease in price With that lets look into what i see in the charts for DXY. This analysis is done on the 2 day timeframe. I've zoomed out to include about 17 years of data. So PRICE ACTION As you can see its interacting with the Red line that is drawn on chart. This is the 200 Day Moving Average. If you look left at all the examples i put up, everytime price action goes down we are below this line for atleast 100 days to as long as couple of years. WE also decline between 2% to as much as 20%. The 2 recent times, we were under it for 380 days and 488 days with price dropping further down. Ofcourse our current price action doesnt have to do this but because it occured previously it is not out of the question. At the least expect sideways action, which is also not a bad thing for RISK ON mentality. BUT as of now we have CONFIRMED below the 200 dma on the 2 day timeframe. I expect the dollar to drop more in the intermediate to longer term of atleast 3 months to a 1 year even. The longer the dollar stays below, the stronger RISK ON mentality gets. This would validate the recent Crypto uptrend and may push equities, housing and others up too. To further support my thesis, check out the 2 indicators i put up 1. RSI - I believe we have further sell off on the RSI and im expecting it to do below the 20 level, as it did in the examples i circled with white. Also notice the white horizontal resistance line i drew. As long as we stay below here, it validates my thesis of dollar staying down. Im expecting atleast 1 touch point near or below the 20 level. RSI is a close indicator of price action, when it points down, price usually follows and vice versa. 2. ADX and DI - Ths tracks momentum. As highlighted red line is crossing up, indicating bearish momentum to pick up. When price action is below the 200 dma and a bearish cross occurs we usually go down in price. CONCLUSION: With everything mentioned, in my opinion i believe DXY to go down further in price, it staying in a downtrend for atleast 3 months to 1 year. Supporting the idea that maybe we are in the beginning stages of a crypto bull market and we may see equities rally more. Thanks for tuning in. Hope this helped. If you like the content, please BOOST, COMMENT and FOLLOW. Check out my other charts on DXY. If you liked what you read, i also do potential buy/sell analysis on stock/ cryptos. DISCLAIMER: This is not financial advice. I am not a financial advisor. Everything expressed in my posts are my opinion and for educational purposes. When trading please do manage your risk and protect yourselves with stop losses.
TVC:DXYShort
by SafofAllTrades
DXY Dropping... Crypto Rally To Continue?On this DXY chart or 'map' I've outlined where the corresponding Bitcoin and crypto price movements should go with the DXY rising or falling. Weakness in the dollar, and the specter of losing it as the world reserve currency, and more countries joining the BRICS nations, the DXY is under heavy pressure. In this graph we can see that the BRICS GDP has now surpassed the G7 GDP, and we can see that there is a clear change in trend. i.redd.it (Not my chart) Based on this, a continuation of the DXY falling here should correspond with a rally in BTC, ETH, and crypto as a whole. A break of the DXY below 100, and we're into the 'Crypto Super Pump Rally Zone' and I see Bitcoin shooting up to the FWB:48K - HKEX:52 Golden Pocket retracement zone. What do you think?? :)
INDEX:DXYLong
by BrettFogle
#DXY- BUY XXXUSD to catch Big Moves!!Dear Traders, following yesterday data on NFP we have now identified that USD pairs will be bullish for longer time as fear of recession has risen again, from negative NFP to increasing tax on Capital gains, everything indicating towards a negative DXY; we also have CPI next week which will be interesting and important for the investors and traders. It will be better to leave USD pairs alone on Monday where we will have a better understanding of the price action. Please Like and Follow for more
TVC:DXYShort
by Setupsfx_
17
DXYThe last bottom is really important to change or continue bearish trend. As you know we need DXY to analysis most of the charts so we should know DXY trend. If price break down the bottom it can continue and cause to break and change most of my analysis. if price turn before the last bottom, it can go up to around last top and all of my analysis is true, and you can use it. if price touch bottom line and turn to up, we should analysis DXY with next wave to change analysis DXY and other charts.
TVC:DXY
by Ahmad_sunboy
DXY Trading Plan - 30/mar/2023Hello Traders, Hope you all are doing good!! I expect DXY to go Up after finishing this correction. Look for your BUY setups. 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:DXYLong
by For3xScalper