DXY WILL THE DOLLAR PREVAIL OR NOT $$$Since the beginning of the year, DXY has been on an uptrend, establishing higher highs and lower highs. I have highlighted the significant support and resistance it has been bouncing off from for better understanding. Currently, DXY has touched the resistance and received rejection, causing it to decline; however, I believe this is the top and we will soon break the support and plummet; nevertheless, if it bounces off the support and continues to move forward, we will still be in a bullish trend and will go on to break the previous high.
Dxylong
Dixie pumpingwith fairy dust From the previous Analysis with the Dixie, if we do see the USD index break above 119, the next target will be to all time highs. You take the difference between the high and the low of the Enormous W formation and add it to the highs. This will not be good for other currencies. Something big is brewing in the pipeline and it's about to explode!
Target 2 - 166
Dixie got fairy dust In the medium term, the Dixie (US Dollar Index) broke out of its long term downtrend in 2014. Since, it's consolidated between a range forming a large Double Bottom. And now that the price has broken out means we can see a strong move to 120.00. What this means is we can continue to see weaker currencies such as the pound, euro, rand and yen. This can spark a lot of unrest and crises for the economies of the world.
This DXY Pattern Has Been Repeating Since January 2022I like to look for patterns in trading and have been tracking this repeating daily pattern on the DXY since January 2022. The pattern runs approximately 66 days (beginning December 28th, 2021 - March 4th, 2022). I simply drew a rough line over the first itineration of the pattern and copied and pasted it 6 times.
Although on the daily or weekly time frame, it has been remarkably accurate in giving the general idea of where the DXY is heading in the future. Please note that value did not hit the support line (as the pattern predicted) and the 55 EMA has held as strong support.
Pattern predictions:
DXY hits 115 around 11/20/2022 - 11/23/2022
DXY hits 120 around 01/27/2023 - 02/01/2023
DXY hits 125 around 04/04/2023 - 04/07/2023
I do not know if this pattern will continue, but it has not deviated IN 9 MONTHS so I will continue to follow it until there is a significant break.
Not Financial Advice. Please feel free to share your thoughts and suggestions in the comments below.
The dollar can be thought of as purchasing territories. DXYİf you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal.
Please make your own independent investment decisions.
Fikirlerimi beğendiyseniz veya bu pazarda paylaşacak kendi fikirleriniz varsa, tartışabilmemiz için aşağıya yorum yapın.
Bu analizin içeriği herhangi bir zamanda önceden haber verilmeksizin değiştirilebilir ve yalnızca eğitim amacıyla sağlanmıştır.
Finansal bir tavsiye veya işaret değil.
Lütfen kendi bağımsız yatırım kararlarınızı verin.
We can say that the silver uptrend is overİf you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
Fikirlerimi beğenirseniz veya bu pazarda paylaşmak için kendi fikirleriniz varsa, tartışabilmemiz için aşağıya yorum yapın.
Bu analizin içeriği herhangi bir zamanda önceden bildirilmeksizin değiştirilebilir ve yalnızca eğitim amacıyla sağlanmıştır. Finansal tavsiye veya işaret değil. Lütfen kendi bağımsız yatırım kararlarınızı verin.
DXY Dollar Next Possible MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H1
According to the Elliot Wave it has completed the " 4th " impulsive wave and it will follow Buy Trend to complete its Impulsive waves " 12345 "
BULLISH CHANNEL in Short Time Frame #STF - H2
If it Rejects then XAUUSD , ABCUSD will Sell
If it Breaks then XAUUSD , ABCUSD will Buy
dxy where is the dollar going!we are at a very very key area right at this bullish order block on the 4hr dxy needed to pull back to in order for it to be the next leg up only if it holds of course but this is a area you want to watch if your trading and dxy pairs could be giving entries on a lot of pairs for a medium to long term swing
a break below this level can show bullish ness in dxy pairs but once again the trend is up so it has to show us bears are in control by break that green area which i dont see after a major pull back that size with no news
i would love to see the bulls take control soon but this is the 4hr so we have to wait for some more closes showing rejections at this level
[DXY] WHAT IS THE MARKETS SHOWING USdisplaying how dxy is controlling the markets at the moment anything that has to do with the dollar is at a key level just like the dollar so lets let the dollar show us the next move ..... trend continuation or a retrace we just be patient and wait for it to talk to us but be ready for the call
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DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A ribbon of strength of the US dollarThe Strong Dollar: Can It Continue? --the short answer is YES!
"A trifecta of factors support the dollar, including the relatively strong performance of the U.S. economy, tightening monetary policy by the Federal Reserve, and safe-haven buying. These are likely to remain intact into 2023."
INDEX:DXY
TVC:DXY
btc go down a few days so be care full dear tradersThis trading week’s economic and financial data will be crucial to crypto investors.
Lagarde and Powell to share their latest assessments of the economic and monetary policy situation on Tuesday.
Last week, the crypto market looked slightly bullish until the US Fed reserve announced its interest rate decision. The announcement of the rate increase by 75 basis points by the US Fed reserve caused huge trading volatility, as is usually the case. The rate increase also resulted in sell-offs in the traditional market.
However, the US Dollar Index (DXY) kept rising, hitting a 12-month high of 113.22. By the weekend, most US stock indices have dropped about five percentage points, almost hitting their June 2022 lows. Ethereum and most other altcoins also dropped prices, as in the traditional market.
The good news is that the price of the leading digital asset (Bitcoin, BTC) only dropped by a small amount. Initially, the Bitcoin price dropped to $18,153. However, it recovered and moved opposite the Dow Jones index (DOW30). It is remarkable that the highly volatile crypto and the US tech stock market, NASDAQ, weren’t hugely affected by the fed’s rate increase. Hence, investors may still regard Bitcoin as a store of value. However, in the coming weeks, Bitcoin’s price action will confirm this perspective.
ECB President and US Fed chair to release new statements
On Tuesday, September 27, 2022, Christine Largade (the European Central Bank, ECB President) and Jerome Powell (US Fed chief) will share their insights regarding the current monetary and economic policy situation. The insights from these two will be crucial as they will determine whether the EU, the US, or both are shifting their stance regarding interest rate policy.
Any announcement of a change in monetary and economic policies by either or both of these financial watchdogs to curb rising inflation will impact the financial markets (crypto and stock market). Another crucial data affecting the financial markets this week is the incoming orders for durable goods.
The US census bureau will publish this data by 2.30 pm (CET) on Tuesday, September 27, 2022. This data indicates the rise or decrease in the demand for industrial goods this past month. Analysts predict a reduction of 0.5 percentage points. Orders for durable goods dropped by 0.1 percent in July 2022.
It is important to note that each time data for the durable goods orders is higher than predicted, the US Dollar usually tends to be bullish. Conversely, when this data is lower than analysts’ prediction, the US Dollar usually drops, even if it is for a short period. Recently, a weakening US Dollar resulted in a surge in the price of Bitcoin and other cryptocurrencies.
Meanwhile, crypto market sentiment remains in “extreme fear” for over a week. As of September 26, the average crypto market sentiment measure, the Crypto Fear & Greed Index, is at 21, with 25 being the limit for extreme fear. However, the crypto analytics firm, Santiment, noted that Bitcoin’s social dominance had reached a new peak in two months. Santiment further notes that this renewed interest could positively impact crypto’s top asset
Is DXY making a cup an handle pattern?So as for now we can see DXY is probably making cup and handle pattern but its inside strong support/resistances which can indicates if yes or not.
We can also see that is looking for his supply which can be another clue about bullish trend in monthly chart.
Also can explain my other post about USDMXN which is about to pullback in H-C-H pattern.
Even above behavior already explained I saw in CRSI that for now overbought which makes me doubt a little bit, so I hope it is just a 4th Elliott's wave in lower timeframe.
DXY chart pattern analysis TF 4hIt is a medium-term technical analysis for DXY in the fourth hour's time frame. It can be seen that bullish flags dominate the current chart. An expectation of higher earnings for the dollar may cause more losses in gold during the next few weeks.
However, DXY should not stay lower than 106, a key level for breaking down. While the significant resistance is 109, breaking this level will confirm an uptrend for the dollar following this chart analysis.
More pain ahead as the fed continues raising interest ratesThe Federal Reserve announced that it will raise its benchmark rate by three-quarters of a percentage point on Wednesday afternoon in its latest attempt to quash inflation. Chair Jerome Powell gave an update update on the central bank’s economic outlook and forecast for future rate hikes.
“I believe 75 is the new 25 until something breaks, and nothing has broken yet,” Zox said. “The Fed is not anywhere close to a pause or a pivot. They are laser-focused on breaking inflation. A key question is what else might they break.”
— Michelle Fox