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Reverse Correlation: BTC & DXY 📊🔗Bitcoin's price chart – a rollercoaster of highs and lows. The Dollar Index, on the other hand, measures the USD's strength against other major currencies. The interesting twist? Their paths can intersect. 🛡️ Inverse Relationship: Reverse correlation is like a dance of opposites. When the Dollar Index rises, the purchasing power of the USD strengthens, which might lead investors to flock to stable assets like Bitcoin. Conversely, when the Dollar Index drops, Bitcoin might become more attractive due to its perceived store of value. 🔀 Interconnected Dynamics: Market sentiment, economic data, and geopolitical events influence both Bitcoin and the Dollar Index. A weakening dollar might fuel Bitcoin's rise as an alternative asset, while a stronger dollar might create headwinds for the cryptocurrency. 📊 Analyzing Trends: Observing the reverse correlation can provide insights into potential market movements. If you notice Bitcoin rising as the Dollar Index drops, or vice versa, it might hint at a trend worth exploring. 💡 Strategic Insights: Understanding the reverse correlation can aid your investment strategy. By keeping an eye on both Bitcoin's price action and the Dollar Index's movement, you might spot opportunities or anticipate shifts in the market. So, what's the bottom line with reverse correlation between Bitcoin and the Dollar Index? 📈 It's about recognizing that the financial world is interconnected, and seemingly unrelated factors can influence each other. By understanding this relationship, you can navigate the crypto landscape with a more informed perspective. Stay curious
by AlexWhale
2
DXY Rangebound Since Dec Don't Miss the Opportunity to Long It's time to dive into the world of currency markets and explore what's been happening with the DXY (US Dollar Index) since December. Despite the buzz surrounding Jerome Powell's Jackson Hole speech, the DXY has been in a range. However, fear not, as this article aims to illuminate this situation and present a compelling case for why now might be the perfect time to long the dollar. So, let's get started! Understanding the DXY Rangebound Situation: Since December, the DXY has displayed remarkable rangebound behavior, seemingly unaffected by various market events and economic indicators. This range has left many traders wondering about the potential opportunities. Even Jerome Powell's highly anticipated speech at Jackson Hole failed to break the DXY free from its confines. The Call-to-Action: Long the Dollar! While the DXY's rangebound behavior may seem discouraging initially, it's important to remember that within every challenge lies an opportunity. Now is the time to consider going long on the dollar, and here's why: 1. Economic Resilience: The US economy has demonstrated remarkable resilience amidst global uncertainties, thanks to solid consumer spending, robust corporate earnings, and a proactive fiscal stimulus. These factors position the dollar favorably for potential gains shortly. 2. Interest Rate Divergence: The Federal Reserve's commitment to maintaining accommodative monetary policies while other major central banks contemplate tightening provides a unique advantage for the dollar. This divergence in interest rates can attract investors seeking higher yields, further boosting the dollar's strength. 3. Safe-Haven Appeal: In times of uncertainty, the US dollar has historically served as a safe-haven currency. With geopolitical tensions, ongoing trade disputes, and the potential for market volatility, the dollar's safe-haven appeal will likely remain intact, potentially driving its value higher. 4. Technical Indicators: Despite the rangebound behavior, technical indicators suggest that the DXY is nearing essential support levels, indicating a potential upward breakout. This presents an excellent opportunity for traders to capitalize on a likely rally in the dollar. Conclusion: As traders, it's essential to stay optimistic and seize opportunities even in challenging market conditions. While the DXY has remained rangebound since December, it's crucial to recognize the potential for a breakout shortly. Considering the abovementioned factors and analyzing technical indicators, going long on the dollar can be rewarding. So, fellow traders, don't miss the chance to ride the potential dollar rally! Stay informed, closely monitor market developments, and make well-informed trading decisions. Remember, every rangebound situation eventually breaks, and when it does, you'll want to be in a position to benefit.
TVC:DXYLong
by bryandowningqln
DXY- What's up with the US DollarIn my previous DXY analysis, I wrote that, after the false break from mid-July, USD most probably reversed to the upside, and there are clear signs of this: 1. After the false break we have a strong bullish engulfing candle that confirms the old support (green rectangle) 2. Long-tailed Pin Bar candle that confirms the break above the falling trend line (red rectangle) At this moment, the index is testing a horizontal resistance and yesterday we had a reversal candle. In my opinion, this candle is not signaling reversal but, in the best case, a minor correction. This correction should be considered a good chance to search for selling opportunities for USD pairs and my main focus is on EurUsd and AudUsd
TVC:DXYLong
by Mihai_Iacob
20
🚨DXY crash after 🐮Bull Trap🐮🚨↗️DXY Index reacted well to the Resistance Line . 🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮. 🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart. 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 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
8
📈DXY daily chart pattern📉TVC:DXY CAPITALCOM:DXY Hello traders, please check my previous ideas about the dollar index. If the price stabilizes above the 3-hour Bollinger Midline, the probability of a bullish scenario and a break of the pressure zone (the area between the two trend lines) increases. Otherwise, if the dollar index fails to maintain the support of the 3-hour middle Bollinger line (around the 102.5 level), the bearish scenario will continue to the 100.9 level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
TVC:DXYShort
by CrazyS
Exciting Shift in the Forex Market With USD aka DXYBrace yourselves as I bring you an exhilarating update on the current state of the US dollar (DXY) and its encounter with the formidable BRICS nations. You may have seen recent headlines highlighting the growing influence of BRICS (Brazil, Russia, India, China, and South Africa) on the global economic landscape. These emerging economies have been making waves, challenging the traditional dominance of the US dollar and signaling a potential shift in the forex market dynamics. Before you start panicking or getting overwhelmed by the constant stream of news, I urge you to take a step back and focus on what truly matters – the chart. Yes, you heard that right! While news headlines may grab attention, it is crucial to remember that charts are the ultimate source of truth for traders. So, here's my call to action: Ignore the noise, tune out the sensational headlines, and instead, keep your eyes glued to the chart! Charts don't lie; they provide invaluable insights into market trends and potential opportunities. The US dollar, a long-standing powerhouse, has faced its fair share of challenges in recent times. As the BRICS nations continue to strengthen their economies, their currencies are gaining momentum and threatening the long-standing dominance of the US dollar. This exciting development presents a unique opportunity for astute traders like you to capitalize on potential shifts in the forex market. By focusing on the chart, you can identify patterns, spot emerging trends, and make informed trading decisions. Watch the movements of the US dollar and the BRICS currencies closely, as these shifts could open up new avenues for profitable trades. Remember, excitement is the lifeblood of trading, and the evolving dynamics between the US dollar and the BRICS nations offer a thrilling prospect for those willing to seize the moment. So, keep your emotions in check, stay disciplined, and let the chart guide you. In conclusion, my fellow traders, I urge you to embrace this exciting shift in the forex market. Disregard the news, trust the chart, and remain vigilant for potential opportunities that arise from the evolving relationship between the US dollar and the BRICS currencies.
TVC:DXYLong
by bryandowningqln
DXY, Short position from 103.6TVC:DXY DXY will potentially have a strong SHORT to 101.789 if the Daily Price closes below the EMA-200 on the Daily Time Frame. 1. DXY has been contained in a descending channel since 30th Nov. 2022 when it short below the 106.879 resistance. 2. There was an attempted breakout of the base of the channel earlier this year, 1st February which ended up false which the bulls brought the price back into the channel and ascended to the apex of the channel last Wednesday, 16th August. 3. DXY bulls are set to lose momentum as long as the Daily candle can close below the EMA-200 which is very likely looking at the reaction between last Wednesday and Friday.
TVC:DXYShort
by AbeikuGlobal_FX
Forecast of value of the US Dollar Index (DXY) Next week 21 -25 The forecast for the upcoming value of the DXY is positive, with a range of 103.00 to 104.50. This is based on the expectation that the FOMC will not change interest rates at its meeting on August 22, and that the US GDP report and other economic data will be strong. However, it is important to note that the forex market is volatile and unpredictable, so the actual price of the dollar could go up or down. The factors mentioned above are likely to play a role in determining the currency's direction, but there are other factors that could also affect the price. Overall, the outlook for the dollar in the next week is positive. However, there are some risks that could weigh on the currency, such as a surprise interest rate hike from the FOMC or weak economic data.
TVC:DXYLong
by baronalaa
DXY PREDICTION ON 18.08.2023The DXY, also known as the U.S. Dollar Index, measures the value of the U.S. dollar relative to a basket of six major world currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. When we say that the DXY is going up, it signifies that the U.S. dollar is strengthening against these other currencies. There are several reasons that could contribute to a rising DXY: Economic Strength: If the U.S. economy is performing better than other major economies, it can lead to an appreciation in the dollar. Indicators of economic strength include GDP growth, employment figures, manufacturing output, and consumer confidence. Interest Rates: Central banks around the world adjust interest rates as a way of controlling inflation and influencing their domestic economies. A rise in the U.S. Federal Reserve's interest rates (or expectations of a rise) can lead to an increase in foreign capital inflows, as investors seek higher returns. This can drive up demand for the dollar. Geopolitical Stability: In times of global uncertainty or geopolitical tensions, investors often flock to what are considered "safe-haven" assets. The U.S. dollar, due to the size and stability of the U.S. economy, is often seen as such an asset. So, during turbulent times, demand for the dollar can increase. Trade Balances: If the U.S. exports more than it imports, there will be higher demand for the dollar. Similarly, if there are changes in global trade dynamics or policies that favor U.S. exports, it could strengthen the dollar. Speculation: Forex markets, where currencies are traded, are highly speculative. Traders' perceptions and strategies can drive short-term movements in the DXY, even if they aren't always based on economic fundamentals. Relative Monetary Policies: If other central banks are pursuing more aggressive monetary easing policies than the U.S. Federal Reserve, their respective currencies may weaken relative to the dollar, leading to a rise in the DXY. Debt and Fiscal Policy: Confidence in a country's fiscal policy and its ability to manage its debt can influence its currency strength. If investors have faith in the U.S. government's ability to manage its fiscal affairs, it can boost the value of the dollar.
TVC:DXYLong
by mazayafx
🔔DXY is ready for Pull Back🔔As I expected, DXY broke the resistance lines , and now DXY is moving near the 🔴 resistance zone($103.80-$103.38) 🔴. 🌊According to Elliott wave theory , DXY completed 5 impulse waves at the resistance zone. 🔔I expect DXY to drop to at least the uptrend line in the next few hours. 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
14
$DXY Update, Gold $XAUUSD UpdateKOFXS market outlook. Updating you and keeping you informed from a day trader's perspective, long time 15+ year Forex and Stock market veteran. The worst trader ever to reach success and now calling the shots! Let's jump right into the week's forecasts. I am beginning to see the time frame for targets from here and when to expect certain price points to hit. Gold is in a strong downtrend at this moment. Short positions will be raking in the dough this week for sure. Bullish harmonics are failing and resting of the DB necklines on H4 from a few weeks back will be tested again.
OANDA:XAUUSDShort
by TruthakaWallStreetakaCookie
Increase of DXY index after breaking the Resistance Line🚀Hi everyone👋. 💡The DXY Index is ready to break the resistance lines; one of the signs is Bullish Marubozu Candlestick Pattern . 🌊If we look at the DXY from the theory of Elliott waves , we will find that DXY is on the way to completing wave 5 (📚If DXY breaks the resistance lines, we can confirm the end of wave 4 📚). 🔔I expect DXY to break the resistance lines and at least go UP to the 🔴 resistance zone($103.80-$103.38) 🔴 in the coming hours. 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:DXYLong
by pejman_zwin
24