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Dxyprediction

What do we expect from the DXY index this week❗️❓🚀The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻. 💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA . 💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a Bear Trap. 🔔I expect the DXY to have a bullish trend this week and ⚔️attack⚔️ the resistance lines. 📚In general, I try to show you all the points of technical analysis on the chart, which also has an educational aspect(I apologize for the busy 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 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
27
DXY doesn't look too happy below 100Last week the US dollar index (DXY) closed at a 15-month low and beneath 100 for the first time since April 2022. Yet subsequent price action has seen a lack of conviction form bears, allowing prices to form a double bottom just above the March 2022 high and close with a Spinning Top doji yesterday. Given US yields are showing signs of stability (and hinting at a move higher themselves), it seems reasonable that the US dollar is due a corrective bounce over the near-term which brings 100.5 and the April low into focus for bulls. A break beneath the March 2022 high invalidates the bearish bias, but this could be raised to the recent swing lows if we see a decent break (or daily close above) 100.
TVC:US02YLong
by CityIndex
Potential DXY Crash: Anticipating a Substantial Drop to $25I'm eyeing a significant decline in the U.S. Dollar Index (DXY) from its current level around 103, down to 25, driven by escalating inflation, competition from Bitcoin and gold, and the influence of BRICS nations. Should this substantial DXY drop materialize, it would likely benefit commodities, emerging markets, export-oriented economies, cryptocurrencies, and gold due to the inverse relationship they share with the dollar's value. The recurrent raising of the debt ceiling exacerbates the country's debt load, potentially weakening trust in the U.S. government's ability to service its debt, which in turn could significantly devalue the dollar. Inflation: If the dollar drops that much, it could lead to inflation or even hyperinflation. The cost of goods and services could rise, which would decrease the purchasing power of the average American. Interest Rates: To combat inflation, the Federal Reserve may increase interest rates. Higher interest rates can make it more expensive to borrow money for things like mortgages or student loans, which could affect the average American's ability to finance major purchases or manage their debts.
TVC:DXYShort
by MichaelBsul
7
#DXYCurrently, we are in the process of completing a correction space, there are three areas: 1-103.037 2-102,863 3-102.719 It was based on a combination of percentages of fibrizing waves with pivot points. The range of 102.719 is located in the vicinity of the static support range of 102.634 and provides suitable conditions for the upward trend. In case of failure of 102.634 support, we can finally estimate the completion of an ABCD pattern according to the current conditions. (There is no certainty that all targets will be touched.)
TVC:DXY
by maryammh
1
Plan A or Plan B on this index?Hello, my dear friends and fellow traders. What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up. So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up. However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system. Till then wishing you a good luck on this strategy. See you in my next post. It is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. CAPITALCOM:DXY Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
CAPITALCOM:DXYLong
by AlphaTradingStation
DXY: UNDER THE RISING WEDGE.Hello traders, I hope you all are doing good. Here's an update on DXY (the US Dollar Currency Index). I hope this idea will be helpful for you all. Time frame: 1 Day. Update: The US Dollars Index has been outperforming for a pretty long time. As you can see in the chart, a beautiful rising wedge pattern has been respectfully followed throughout the year. Till now, this pattern has not been broken down but we can clearly see that the DXY is under the rejection zone. It has been continuously falling down for the last 6 days and according to the analysis, it must reach down to the lower support level at 108 for a proper pattern. The interesting thing to notice will be whether DXY will hold the support or will it break down below the lower trendline. Well, time will tell that part of the story and for now we better focus on the red candles forming on DXY. If DXY shows rejection till the lower trendline, we can expect the market to show some greens but we better be careful and take our trades wisely. I am signing off for now. Trade safely until we meet again. Thank you for all your support.
TVC:DXY
by Dexter_The_Trader
2
Bullish on DXY Im expecting the dollar to reach up towards the113.00 level. I'll watch for a retracement to the 108.800 level, but if that doesn't occur ill be looking for the dollar to shoot straight up towards that 113 level over the coming weeks. Watch how usdjpy reacts bullish as the dollar continues to be bullish. Once price hits that 113 level, there should be some retracements seeing as that was a 2001 prior low before the dollar began its plunge. it's been strengthening over the past 10 years, so as of now I'm not expecting it to do anything less than that. As always good luck traders and stay focused, follow the money!
TVC:DXYLong
by CollectCap
DXY - 240 MINS CHART TIMEFRAMEThe Structures looking bearish, waiting for the this to correct and then give us these opportunities. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate get into only big bullish or bearish moves. Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments respectful. Thanks for your support....
TVC:DXYShort
by Tradelikemee