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Dollar Index Breakdown - Is the Decline Set to Continue? 🤔📉 Dollar Index Breakdown - Is the Decline Set to Continue? 🧐💵 Hey traders, it's time to revisit the Dollar Index (DXY)! We've had some fantastic trading opportunities in the past, especially with the short on USD/JPY, and now, things are getting even more interesting. Despite the Federal Reserve holding off on rate cuts for now, the anticipation is building. Rate cuts seem to be on the horizon, which could have significant implications for the dollar's strength. But as always, I follow the charts, and they’re signaling something big. 🔍 Key Insights: The 100.97 level is shaping up as new resistance for the DXY. We could see a drop below the 100 mark, with a target range between 94.63 and 92.9. Global factors, such as the BRICS nations' efforts to reduce dependence on the dollar, along with geopolitical and economic developments, are adding to the bearish sentiment. With less than a 15% chance of intervention in the coming months, I’m eyeing another short on the dollar. Stay tuned, as I’ll be covering EUR/USD and USD/JPY in my next posts. Don’t forget to check out Bitcoin—it’s shaping up to be the most intriguing asset on the market right now! Let me know your thoughts in the comments. One Love, The FXPROFESSOR 💙
TVC:DXYShort
by FX_Professor
DXY IdeaRegarding my BTC/USD and EUR/USD trades, we’re keeping a close eye on the Dollar Index (DXY). The recent price action has been confusing, but we are currently rejecting last Friday’s heavy selling area. This keeps us within a bearish range, and we’re anticipating a potential market shift to the downside. If this bearish scenario unfolds, we plan to let our EUR/USD trades run over the weekend. Let’s keep observing how this plays out. Stay focused, and let's see where the market takes us.
CAPITALCOM:DXYShort
by CORE5DAN
Rebound on gold zoneTrend (LT): Bullish above the 200 SMA Trend (CT/MT): Bearish below EMA 7 / SMA 20 Price bounced back to SMA 200, plus stabilization in gold zone (neutral) ROB Breakout Monitoring Wait for potential crossover of EMA 7 with SMA 20 Buying above 47.29/47.30 (approximately) (13% at stake if successful) The stop loss (SL) position will depend on the candle pattern. No sales for me. It is important to note that this analysis is a personal interpretation and does not constitute an investment recommendation. In your opinion, direction SOUTH or north?
NYSE:DALLong
by Yannick1961
1
Crazy people making crazy claimsRecently news outlets have been reporting in 2 things about the US-Mexico relationship 1st is the super peso. 2nd is the lowering of interest rates in the USA. When looking at the news I saw multiple articles contradicting themselves. Saying things like "the mexican peso got stronger because of the rasing inflation" or as in this one where it says the "the advancment is atributed to the coments of Jerome Powell, which gave hope to rate cuts" as you can see in this one : elmanana.com.mx Meanwhile you have this one which shows raising inflation in Mexico, which I have to admit it's true, the cost of living in mexico is rising. This means that every day the mexican peso es less able to afford goods or services. www.msn.com On the other hand with the united states' recent slight decrease in inflation has prompet the FED to be more inclined to realize a rate cut. This in order to boost the markets before the elections. This is very likely to excite the markets, as money from bonds will likely migrate to the stock market. Contrast this with Mexico where the central bank is claiming to reach it's inflation target by the end of 2025. www.msn.com For these people I have some basic economic facts they should be aware of. When you have rasing inflation your currency doen't apreciate it depreciates. Thats because you aren't able to afford buying as much with the same amount. Therefore if the inflation of you currency increases while the inflation on another currency decreases then the most likely outcome is that the decresing inflation currency will apreaciate in contrast to the other one. Aditionally if the US market begins to grow at a faster rate in contrast to the mexican market then the currency will also depreciate. Therefore saysing that the lowering of interest rates in the USA is good for the mexican peso is just insane.
Long
by DarkMessiah777
Bitcoin Weathers the Storm: Resilience Shines Despite DollarBitcoin (BTC), the world's leading cryptocurrency, has surprised many by demonstrating resilience in the face of a strengthening US dollar. Despite a historically observed inverse relationship between the US Dollar Index (DXY) and Bitcoin, this comes. The DXY, which measures the value of the US dollar against a basket of foreign currencies, currently sits at a lofty 106, indicating a robust greenback. This level is significant, having only been surpassed for 34 trading days in the past year. Traditionally, a strong dollar weakens the appeal of dollar-denominated assets like Bitcoin, as investors seek havens in other currencies. However, Bitcoin's current price action defies this historical trend. While not at its all-time high, Bitcoin is currently trading only around $10,000 below that peak, a testament to its continued strength in the market. Several factors may be contributing to this unexpected decoupling. Shifting Investor Sentiment: The cryptocurrency market has matured significantly since its early days, and investor sentiment is evolving alongside it. While Bitcoin was initially seen as a speculative asset class, it's increasingly viewed as a potential hedge against inflation and traditional financial uncertainties. This shift in perception could be mitigating the negative impact of a strong dollar on Bitcoin's price. Institutional Adoption: The influx of institutional investors, such as hedge funds and investment firms, into the cryptocurrency space is another potential factor. These institutions often have a longer-term investment horizon and may be less swayed by short-term fluctuations in the dollar's value. Their presence could be lending stability to the Bitcoin market. Bitcoin Mining Difficulty Adjustment: The Bitcoin network is designed to adjust mining difficulty roughly every two weeks automatically. This ensures a consistent rate of new Bitcoin entering circulation, regardless of the computing power dedicated to mining. An upcoming significant decrease in mining difficulty is anticipated, which could further bolster investor confidence. Positive Developments Within the Crypto Ecosystem: The broader cryptocurrency ecosystem is witnessing continuous innovation and development. The emergence of Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and Layer-2 scaling solutions is attracting new users and capital into the space. This overall growth in the crypto ecosystem could be spilling over and positively impacting Bitcoin's price. Uncertainties Remain: Despite the positive signs, it's important to acknowledge the inherent volatility of the cryptocurrency market. The future trajectory of the DXY and broader economic conditions will undoubtedly continue to influence Bitcoin's price. Additionally, regulatory developments and potential security breaches could pose challenges in the future. Looking Forward: Bitcoin's resilience in the face of a strong dollar is noteworthy. While the reasons behind this decoupling are multifaceted, it suggests a maturing market with a growing pool of long-term investors. As the cryptocurrency ecosystem continues to evolve and gain mainstream adoption, Bitcoin's position as a store of value and a potential hedge against traditional financial instruments could solidify further. However, close attention should be paid to both internal and external factors that may impact Bitcoin's price in the coming months and years.
TVC:DXY
by bryandowningqln
Tesla (TSLA) IdeaHey Guys, Yearly= In a Correction since 2022. 2023 managed only to retest the 50% of the Bearish Candle which is not Bullish but indicated a drop. Yearly Zones of Interest: 208 & 154 Q2= Bullish Candle at an important Yearly FIB. BUT still in a declining channel. Stochastic is neutral- bullish. Q4 could provide some bullish setup (according to the stochastics) since we might be forming a higher low here. Bulls must manage to break through at least the 222 Resistance. Monthly: Stochastic is bullish - candlestick as well… however the 205 level becomes critical as it is retested with this candle. we also are testing the upper line of a declining channel -> a warning of a possible decline for the next month or so. Warning line at 205 and the next at 222 as these zones have to be broken to attract more buyers into the markets. Below 205 I see a great likelyhood of a retest of 3D Lows Thanks for reading
NASDAQ:TSLA
by MeruEU
Dollar Winning Streak Extends Into Fifth Week! Time to Go LongI wanted to share some exciting news from the forex world: the dollar has extended its winning streak into the fifth week! 🎉 A key gauge of the dollar's strength continues to rise, driven by the ongoing uncertainty surrounding the timing of the Federal Reserve's first interest-rate cut. With the yen showing signs of weakness, the USD is shining brightly on the global stage. This is a golden opportunity for us traders to capitalize on the dollar's momentum. If you haven't already, now might be the perfect time to consider going long on the US dollar. 🌟 Why should you consider this move? 1. **Strong Performance**: The dollar's consistent growth over the past five weeks clearly indicates its robust performance. 2. **Market Uncertainty**: With the Fed's interest-rate cut timeline still unclear, the dollar is likely to remain strong in the near term. 3. **Yen Weakness**: The yen's current weakness further bolsters the USD's position, making it an attractive option for traders. Don't miss out on this opportunity to ride the wave of the dollar's success! Dive into the market and make the most of this winning streak. 💪 Happy trading, and here's to continued success in all your endeavors!
TVC:DXY
by bryandowningqln
Conflicted Euro Caught Between Hawkish Fed and Political IssuesThe Eurozone's currency, the Euro, finds itself in a precarious position, buffeted by two powerful forces: the tightening grip of the U.S. Federal Reserve and the ever-present political turmoil within the European Union. Navigating this treacherous landscape presents a significant challenge for investors and traders alike. The Fed Talks A Rising Tide Sinks All Boats The primary driver of the Euro's woes is the aggressive monetary policy shift by the U.S. Federal Reserve. In response to surging inflation, the Fed has embarked on a series of interest rate hikes, making the U.S. dollar a more attractive proposition for investors. Higher interest rates in the U.S. entice investors to park their funds in dollar-denominated assets, leading to a stronger dollar. This, in turn, weakens the Euro through a simple principle: currency exchange rates operate on a relative basis. A stronger dollar makes the Euro comparatively less valuable. The Fed's actions have a ripple effect across global financial markets. As the dollar strengthens, it attracts capital away from other currencies, including the Euro. This capital flight weakens the Euro's value and creates a vicious cycle. Additionally, a stronger dollar makes Eurozone exports more expensive on the global market, potentially dampening economic growth in the region. European Internal Divisions Weigh Heavy Adding to the Euro's woes are the ongoing political uncertainties within the European Union. The bloc faces several internal challenges, including: • The Rise of Euroscepticism: Populist movements that question the benefits of European integration are gaining traction in some member states. This creates uncertainty about the future of the Eurozone and discourages investors from committing to the Euro. • Disunity on Fiscal Policy: Member states often have differing government spending and taxation priorities. This can make it difficult for the European Central Bank (ECB), the Eurozone's central bank, to implement a cohesive monetary policy that benefits all members. • The Ukraine War: The ongoing war in Ukraine has added a layer of economic and political instability to the region. The war's impact on energy prices and supply chains further dampens the Eurozone's economic prospects. These internal divisions weaken the Euro's image as a stable and reliable currency. Investors are more likely to favor the dollar, which is seen as a safe haven during times of global uncertainty. Steering Clear of the Dollar's Influence: Alternative Strategies While the Euro's near-term outlook appears uncertain, traders looking to speculate on the currency should consider strategies that minimize the impact of the dollar's dominance. Here are some potential approaches: • Focus on Eurozone Fundamentals: Analyze the economic health of individual Eurozone member states. Look for countries with strong economic fundamentals, such as low unemployment and healthy trade surpluses. Currencies of these countries may outperform the Euro itself. • Play the Spread: Instead of directly trading the Euro against the dollar, consider trading it against other currencies within the Eurozone itself. This approach could benefit from internal economic disparities within the bloc. • Focus on Long-Term Trends: The Eurozone, despite its challenges, remains a large and economically powerful region. Long-term investors may choose to hold the Euro based on their belief in the region's eventual economic recovery and political stability. Conclusion: A Currency at a Crossroads The Euro's current predicament highlights the complex interplay between global economic forces and regional political realities. While the dollar's strength and internal European divisions pose significant challenges, opportunities still exist for investors who can navigate these volatile conditions. By focusing on Eurozone fundamentals, exploring alternative trading strategies, and considering long-term trends, traders can potentially find success even as the Euro is in a conflicted battle.
BMFBOVESPA:EUR1!
by bryandowningqln
Phoenix Motor Inc. (PEV) - Cup with Handle and Potential Bull FlTechnical Analysis: Chart Patterns: Phoenix Motor Inc. (PEV) is currently forming a Cup with Handle pattern, a bullish continuation signal. Additionally, a Bull Flag pattern may also be emerging. Handle Formation: The handle of the Cup with Handle pattern is still forming, suggesting a potential breakout. Bull Flag: The recent consolidation could also indicate a Bull Flag, another bullish signal. Price Target: If a breakout occurs, the target price can be estimated based on the depth of the cup and the height of the flagpole. Stop-Loss: Set a stop-loss just below the handle's low or the flag's support to manage risk. Fundamental Analysis: Revenue (2022): $5.03M Net Income (2022): -$4.17M Market Cap: $26.81M Debt: $4.78M Cash & Equivalents: $436K Current Ratio: 0.65 Quick Ratio: 0.34 P/S Ratio: 5.33 P/B Ratio: 3.23 Conclusion: Both technical patterns suggest bullish momentum, making Phoenix Motor Inc. a potential buy candidate upon breakout confirmation. Fundamentally, the company shows promise but faces challenges with profitability and liquidity. Investment Note: Trading stocks inherently involves risks. Always consider your financial situation and investment goals before making decisions.
PLong
by WaveRiders2