Dxylong
DXY: The power of the economy!Mr. Biden revived the industry to compete with China, but this intervention could put the US economy and its allies at risk, according to the WSJ.
Jake Sullivan, President Joe Biden's national security adviser, is often preoccupied with foreign threats, such as the Ukraine conflict. But in April, in a speech at the Brookings Institution, he addressed the threat from within, of the long-held view of Washington elites that "the market has always allocated capital efficiently. and perfomance".
Some in policy circles call this view neoliberalism, or free trade, which has been bipartisan for decades. But Sullivan argues, this doctrine has emptied America's industrial base, weakened the middle class and made the country more vulnerable to climate change, Covid-19 and the weaponization of its supply chains. hostile countries.
To solve it, he said that the US needs a new approach, a "modern industrial strategy". Accordingly, the government supports stronger investment in industry and commerce to strengthen the middle class and national security.
Since the 2020 election, Mr. Biden has tried to come up with a unified theory for his economic policies. And Sullivan's recent remarks on the White House's domestic and foreign goals toward China have more clearly depicted what could be called "Bidenomics," with three pillars. With that comes some blind spots and contradictions in this economic policy, according to the WSJ.
DXY - Next IMPULSE LEG, what to do?DXY needs some recovery before the FINAL IMPULSE leg for the full recovery to take place. We are seeing bearish signs across the board but LONG TERM we're BULLISH Dollar!
We have TWO PLAYS here. We expect DXY to push up to the BASELINE before the drop, we have an opportunity to SHORT xxxUSD and when we do hit the BASELINE we have a potential LONG
continuation on xxxUSD.
ENTRY (Risk Entry, Good Reward) -:
1) Take a SHORT on xxxUSD market open to take advantage of DXY bounce.
2) We pullback is complete take a LONG on xxxUSD for final leg to reaction zone. (check profile for xxxUSD and USDxxx IDEAS)
INVALIDATION
IF price shoots down down 101.778 exit all xxxUSD SHORT and get ready for a DIV setup.
TARGETS
We're looking at BASELINE for LONGS and DIV on DXY as SHORT target. Use targets accordingly to validate USD exits and entries.
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
DXY Bullish Retracement (Overall Bearish Bias)DXY has been in a bearish trend. After the previous push to the upside price formed a Double Top, which is a candlestick reversal pattern.
Price then broke the neckline of the double top, retested the area meeting resistance and began another sell off to the downside. Ultimately, forming a lower low.
I am now anticipating price to form a double bottom (bullish reversal pattern) on the 1hr-4hr timeframe and begin a bullish retracement that will form then next Lower High.
I believe price may retrace to the 102.9 - 103.16 area before selling off again.
What do you think, please comment below?
DXY gain from support 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 🐋
My Take On DXY 15th June '23When figuring price out one of the things we consider is what price might want to fill and after it has filled that, what might stop price and reverse it. So for DXY we see that it's currently filling a void that was made during the bullish move. It's also at a gap that might be filled. After that I think price might drop a bit lower to take out the old low where liquidity lies and either reverse at the FVG or the bullish order block below it. However, this depends on the bearish impulse on today's candle. The gap above would be a very good take profit point and we know that this move will play out in the opposite direction on XXUSD in case it goes according to my idea
Greenback Runs US Base Currencies!Here's a Billion DXY nugget for all who have an ear to listen: receive: and learn.
The DXY aka Dollar aka GreenBack aka That BULL aka Dolla Dolla will make her Holla : runs US Base Currencies and is Zeus in the markets.
KNOWING this Objective Fact : you can mark up the DXY and trade it against most US Base Pairs especially FX:EURUSD and whichever way the DXY is biased that day then EURUSD will be biased the exact other way within it's own specific buy/sell model and specific buy/sell schematic.
The DXY is Bullish. :)
FX:EURUSD has fallen.
Never over leverage.
Trust your trade set up. Typically most trade take time to manifest. If it doesn't hit your stop let it be.
Continue to have a Great week of trading!!!
JUST FOLLOW THE SCRIPT - EURUSDWE ARE BEARISH. THE DXY IS BULLISH.
Therefore on a bearish day we expect price to IMPULSE to a AREA of Liquidity right above our Morning Zone before the dump in confluence with the DXY being BULLISH.
WE EXPECT A DUMP TO THE 3RD OR 4TH
SD.
NARRATIVE: MONDAY JUNE 12, 2023 2:58AM EST
Never Over Leverage. Large Trading Accounts are grew over time through compounding.
TRUST YOUR SET UP.
HAVE A GREAT WEEK OF METICULOUSLY CALCULATING AND PRECISE TRADING!!!!!!!!!!
I AM THE ALGORITHM NOW:)
DXY - Dollar Index AnalysisDXY - US Dollar Index Trade Analysis
According to chart pattern DXY is forming Cup and Handle Pattern and this point my be the trend reversal on shorter time frame.
Entry Point for Long: 103.0963
Target: 103.3263
manage your risk according to your account size.
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