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Dxyprediction

DXY: 1M Chart ReviewToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop may give the crypto and equity markets a chance to move higher for a bit. I've been calling on the price of the DXY to go higher since November 2021: When zooming out, the US Dollar price looks very bullish in the long-term. This is a monthly chart so please be patient with price action. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
TVC:DXY
by MillionaireEconomics
4
DXY - Prediction & Correlation with BTCHey everyone. I hope everyone is doing well. I have A VERY VALUEABLE chart here which contains some valuable information for predicting where INDEX:BTCUSD will be heading. Also note that altcoins move in tandem with BTC especially when it makes a big move! If you're new to BTC or are otherwise unaware, BTC has had a strong correlation with the DXY over its history. Whichever way the DXY is moving, BTC is USUALLY moving the opposite direction. If you go back and look at the start of BTC's previous 2-3 bull runs, you will notice that they start at around the same time the DXY is topping out. With that said, It's important to note that the DXY is currently at a resistance level which you can see on the chart. This will be the 3rd attempt at this resistance level which is significant because when learning technical-analysis, you learn that the 3rd attempt is usually a MAKE-OR-BREAK type of situation. Either you break through resistance and turn it into support, OR you get rejected a 3rd time which usually leads to the current SUPPORT level breaking under it as well. These are MONTHLY candles. Notice how the previous 2 rejections at this resistance show decent sized "wicks" at the top where they were rejected. Candle "wicks" are usually a good sign of a trend reversal coming, especially when there are multiple wicks at the same resistance/support levels. There are just over 4 days left in this month so if the DXY is to get rejected here (VERY UNLIKELY), it needs to start dropping fast. I don't think that is going to happen this time as the DXY still appears to be strong on the smaller timeframes. However, IF the DXY does somehow get rejected here, It's very likely that BTC will bounce and see a major trend reversal. Like I said, I think that scenario is highly unlikely and the most likely outcome is DXY continues UPWARDS, and BTC continues DOWN. I've included a couple indicators which support the IDEA. The RSI indicator is showing a higher-high, where the price action is showing slightly lower-highs. This usually is a sign of strength compared to the previous rejections indicated by the yellow circles on the chart. It is a good indicator that the DXY has more strength now than previous attempts, and will likely BREAK ABOVE resistance and continue UPWARDS! I've also included the MACD, which I often like to use along with the RSI. At the previous 2 rejections, the MACD indicator had crossed down and was looking very weak. The MACD is in a MUCH BETTER position now and is actually looking VERY STRONG. Both of these indicators suggest that the DXY has more strength than it did at previous times at this level. This supports my idea that the DXY will continue upwards and also supports my previous charts showing BTC will likely continue downwards. Notice I drew a line which is just speculation showing a possible path that I think is likely for the DXY going upwards. The line shows the DXY eventually getting rejected at a major resistance level from 2000-2001. What's important here is if the DXY does continue upwards to the 2000-2001 resistance level, It will likely be around the same time as the next BTC halving event which is in MARCH 2024. THIS MAKES PERFECT SENSE as that's around the same time I expect BTC to start another MAJOR BULL RUN to 100K+. HISTORICALLY, over the past decade, EVERY BTC BULL RUN started right after the BTC halving event. The next BTC halving event is MARCH 02, 2024. For those who do not know, A BTC halving event happens approximately every 4 years. The halving events specifically reduce the amount of BTC that BTC MINERS earn by 50% from that point forward. So, over time, It becomes harder and harder to earn BTC and BTC becomes much more scarce. Eventually (in year 2140) the last BTC will be mined and no more BTC will ever be created again. This is what gives BTC value, makes it deflationary, and also the reason we always see a bull run after the halving events. Well, I feel I've rambled on and on enough now. Hopefully this information helped some of you. If you guys like this idea please Like , follow, and share! I appreciate it A LOT as I always put a LOT of time into these ideas, especially the ones I post to TradingView. Also feel free to comment and leave me your thoughts. Thanks again
TVC:DXYLong
by Mboersma0324
3
DXY [USD Indeks] Movement for weekly (31 Aug - 06 Sep 2021)Hellooo...My Dragon Friends i see last Week DXY going down, follow powell speech at jackson hole sysmposium. i see this week, DXY going up, make right shoulder, go to 93.10-20, if break will going more up 94.20 (100 pips) but if retracement down, will valid make right shoulder and make SHS pattern, wait break neckling for confirmation DXY will go to 91.35-50 Lets See Happy Trading Smart Trading Money Management Risk Management Disclaimer On
TVC:DXY
by EdyDragon
DXY (USINDEX) buying from Support Level !!HELLO FRIENDS As i can this US $ is getting strong an it had made a successful break to the running trend if we have a look @ economical data output for Apr it is showing us a positive recovery and green back in $ So on the base of technical analysis we are expecting this US INDEX soon will achieve our design TP levels Friends Dont forget to push like and comments it will be a great love and support for the channel Friends Follow us for more updates
TVC:DXYLong
by APEX_TRADING_ACADMEY
DXY: Forming Cup & HandleGood day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - DXY forming a nice Cup & Handle - Consult the chart for more information. - Note: - This is just my current idea. - I am not a financial advisor! and this is not financial advice - There is always a huge chance of different patterns taking shape in these ever-changing charts. - My views and charts can and most probably will change! - I can be 1000% wrong! - Trade responsibly. - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck
TVC:DXY
by dstvst