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Central Banks USD Reserves Drop to Record LowsI am writing to bring your attention to a concerning trend that has been emerging in the global economy. The de-dollarization movement is now evident as central banks worldwide reduce their US dollar reserves to record lows. This trend indicates that the confidence in the US dollar as the world's reserve currency is declining. As forex traders, we must be aware of this trend and its potential impact on our investments. The US dollar has been the dominant currency in the world for decades, but this is now changing. Countries in the BRICS (Brazil, Russia, India, China and South Africa) have been actively promoting the use of their currencies in international trade, and other countries are following suit. As central banks reduce their US dollar reserves, its value will likely decline. This could lead to inflation and a weaker US economy. As forex traders, we need to take action to protect our investments. I encourage you to sell the dollar and diversify your portfolio into other currencies such as the euro, Australian Dollar, etc. This will help to mitigate the risks associated with the de-dollarization movement and protect your investments. In conclusion, the de-dollarization movement is now evident, and as forex traders, we need to take action to protect our investments. I urge you to diversify your portfolio into other currencies. Let us stay vigilant and proactive in managing our investments.
TVC:DXYShort
by bryandowningqln
DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
TVC:DXY
by Hokusai_FX
DXY brief gain to the resistance area 📖🚀Hello 🐋 Based on the chart, the price is close to the support area and channel support ✔️ if the price doesn't break the support zone to the downside, we can see more gain 💣🚀 otherwise we can see more correction ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
TVC:DXYLong
by MadWhale
12
USDCHF will break the downtrend line🚀USDCHF was able to break the upper line of the Rectangle pattern. I expect USDCHF to break the downtrend line with the help of the uptrend line and at least go up to the 🔴 resistance zone (0.91420 CHF- 0.9100 CHF) 🔴. 🔅U.S.Dollar/Swiss Franc ( USDCHF ) 4-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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
17
DXY Index Analyze (Road Map, 05/31/2023)!!!🗺️Hi, everyone👋. To better understand the DXY Index roadmap🗺️, it is better to first look at the DXY weekly time frame:👇(Running well, as I expected ✅) As you can see, the upward trend of DXY will continue. Now, I tried to show you the DXY roadmap in the 4-hour time frame using the Elliott wave theory . It seems that DXY is nearing the end of wave 3, and this wave can end at 🟡 Price Reversal Zone(PRZ) 🟡. I expect the DXY to return to the first 🟢 support zone($ 103.60-$ 103.36) 🟢 after the end of wave 3 is confirmed and rise again to the top of the 🔴 heavy resistance zone($ 105.80-$ 104.53) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-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:DXY
by pejman_zwin
11
💡DXY Index Growth Signs💡Hi, everyone👋. 🔹As you know, it is better to start with higher time frames for chart analysis; one of the most important analytical time frames is the weekly time frame. 🔸In order to have a better view of the next week's trend of the DXY index, it is better to analyze the DXY Index chart in the weekly time frame. 🔹One of the analysis methods that can help us is candlestick patterns (Candlestick patterns are more valid in higher time frames). 🔸As I have specified in the chart, we can see the Tweezer Bottom and Bullish Engulfing reversal patterns at the same time in the support zone, and even last week's candlestick can be considered a confirmation candle of these patterns. 🔹In addition, In addition, if the growing movement of the DXY index toward the resistance zone is high, there is a possibility of forming a valid Double Bottom pattern in the weekly time frame for DXY. 🔔I expect the DXY index to have an upward or at least neutral trend in the next two to three weeks. (I have outlined the scenarios that may happen to DXY in the chart). U.S.Dollar Currency Index ( DXYUSD ) Analyze, Weekly 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
7
DXY index - long idea A stronger dollar may impact various sectors, including international trade, exports, and foreign investment. It could also influence the relative performance of other currencies and potentially reshape global financial markets. The DXY index, is poised to close the gap at the significant level of 105. This development has garnered attention from market observers and traders, as it represents a potential shift in the currency's strength. So I'm watching Waiting for 105 , and after that will we look to some crypto positions Thanks for attention
ICEUS:DX1!Long
by K_TraderX
Gold Update (Long)This is my 5th Update on my Short Gold Trade I posted last month from 2055. In that post I had mentioned levels to look for taking profits and levels to look for good bounces, we have reached one of those levels 1935. It's a strong support and we are currently making bull divs here. Which only means we should look for longs here. 1935 also falls on prz of Butterfly from the current top. As you all know DXY and XAU are very inversely correlated. That is how I was sure Gold would reverse as I DXY was forming a bottom over a month ago. This long also falls in line with the chart of DXY as it stands today. DXY has rallied from 100 to 103.9 and is at resistance. It should start facing difficulty to move higher from here. 104-105 are heavy resistance. Dxy has already formed bear divs on 4h I expect it to continue forming these divs and start some retrace to test Daily 34 and 21 EMAs at 102 and 101.5 DXY is also at PRZ of a crab and bat so a retrace is due for it which means a pump in Gold. NOTE: We have US CORE PCE price index being released tomorrow, a same as forecasted or higher will lead to short term boost in DXY which will push Gold. so, you may want to wait for that to be released before taking the setup. If the number comes lower DXY should go down and Gold should rise. I have provided links to all the past analysis for DXY and gold below the post.
OANDA:XAUUSDLong
by zakoraio