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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
DXY Analysis. Crazy week incoming!!!Hello Everyone. I want share my idea about USD Index. After big and strong downtrend dollar found strong buy LVL and from here it started uptrend but at high timeframe we see its still bearish. Friday we saw strong sell but its looks like new low, i think the little bullish trend will continue, it touch weekly trendline or daily resistance, and then we will see another strong bearish movement. This trend started after unemployed/employed rate news, next week is more crazy, we have month cpi and other big news. My price prediction is 2 side and simple. 1 Bullish - price has big reaction on this daily trendline, it brake daily resistance and weekly bearish trendline, then retest that zone and price is going up side. 2 Bearish - price going to weekly bearish trendline, from here it has big rejection and price coming down again, braking July low and test second big weekly resistance at 98.000 LVL. Be Patient!!! Next week will be full of manipulations, Be carefully!!! Good luck everyone!!!
TVC:DXYShort
by elmakacho
1
DXY 30Min Support and Resistance ZoneIn the realm of trading, every move matters, and the DXY 30-minute chart holds vital clues. Join us as we delve into the technical intricacies, uncovering the critical support and resistance levels that can shape trading decisions. Support Levels: 101.7016: The primary foundation. A bounce from here could trigger a potential upward move. 101.5525: A step deeper into support. Watch closely for possible shifts around this level. 101.3313: The lowest support. If breached, it might hint at a more significant trend change. Resistance Levels: 102.4500: The immediate challenge. A breakthrough here could pave the way for further upward momentum. As always, keep in mind that markets are dynamic and can change rapidly. These levels are guides, not guarantees. Consider broader market factors, and use these technical levels wisely in your trading strategy. Stay vigilant and happy trading!
CAPITALCOM:DXY
by enclavefx_Analaysis