DXY Technical Analysis For Long.Dollar Index is consistently rising due to uncertainty and global supply chain distribution. DXY is trading in channel pattern also it is trading at resistance zone as shown in chart. According to chart pattern analysis we might see further upside in Dollar Index
Thank You
Vivek S.
Dollar_index
US DOLLAR STILL BULLISHComparing the graph of the dollar with the euro and the pound, I noticed that the recent war between Russia and Ukraine led to the depreciation of the euro against the dollar. Also, with the start of the winter season and the increase in the price of gas in Europe by Russia, there is a possibility that the euro will fall further against the dollar. However, I guess the dollar will still be the safest asset against inflation in the second half of the year.
tank you for attention bro...
NFA!
DXY SHORTSIn the US dollar index we can see that price is in a retracement leg, and it is in the 50% retracement level of the fib. Price is trading into the daily timeframe imbalance, in the coming weeks we can see price completely balancing the daily timeframe imbalance which will take it to a discount region.
On the 4H timeframe we can see a stop run, taking busyside liquidity and rebalancing an imbalance to go lower.
DXY reaching 36 years and 8 months old Resistance!!!I do not post traditional market stocks nor do I trade but I found this one somewhat interesting.
DXY will soon be reaching its 36 years and 8 months old resistance.
Reaching the resistance it has been forming since Nov 1985 (according to the data provided on tradingview)
It will be interesting to watch the coming months as the US economy is facing tough situations here.
Fall in GDP in two successive quarters.
What do you think?
How will it affect the stocks in the coming years?
I would love to know your views.
Let me know if you want me to look into some stocks.
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Stay safe
#PEACE
DXY, Following Whooping Rate Hikes..Fundamental View:
DXY is at critical point i.e 109. It has reached
ATH after 20 years. In 2002, we saw DXY at this
zone.
DXY intends to break 109 zone as inflation is
at it's peak, whooping 75bps and rumours of
insane 100bps rate hike, positive NFP and also
fear of recession causing extreme panic in the
market. Investors are selling everything just to
remain only in SAFE HAVENS.
Technical View:
DXY is at strong multi years rejection zone.
We can clearly see DXY is trapped in Bearish
Flag inside Bullish Channel.
Price has finally travelled gradually up to reach
upper trendline of Bullish Flag after 20 years.
Q3 might be the breaking point of 109 zone only
if fundamentals are strong otherwise TAs are
extremely against further incline of Dollar.
If it breaks above then God knows what brutality
it might bring on to us. We have already witnessed
crashes for past several months but We might see
Mother of Crashes soon of Dollar keeps on strengthening.
Feel free to share your opinions as well:)
Interest rate ( DOLLAR )How high will the Federal Reserve ( FED ) raise interest rates? Here you can see how far. As you can see we still have a long way to go. We are on the verge of breaking a congestion of more than 40 years.
The minimum rate hike will be up to 5 points. And that is at least, because we could revisit levels not seen since the 80s. We are in serious trouble, the economy of all citizens will suffer a lot. It is time to be cautious in the markets and not to make hasty decisions, as we may still have a long way to go before we see the end.
DXY Dollar index W-pattern melt-up may reach 113-120 after a w4DXY seems to be making sort of a W-pattern with double bottoms at 89 & double tops at 103. Last week it reached 108 almost touching the red upper downchannel (started from the 2002 120 levels) whose median was tested at 89. Dxy retraced & is resting at 107, the 1.272 Fib retracement of the 103 to 89 range if last week is a bulltrap (false BO from my yellow box), then DXY will break 103 & retest my green zone at the 100-97 range completing a wave 4 of 5 of III.
The BULLISH CASE: DXY may just continue rising with rate hikes. & reach 112-113 zone near the FIB 1.618. Before doing a wave 4 correction. This will also be the zone where the upper blue upchannel will
Intersect the 2014 trendline. After a wave 4, the final wave 5 of 5 of V may reach 120, the FIB 2.272 level
which also happens to be the tops of 5Jul2001 & 28 Jan2002.
Note: a dollar correction or consolidation will be good for emerging markets plus gold & commodities or even BTC which is prized in dollars.. A fast rising dollar will put pressure on future earnings of most high capped growth stocks whose earnings mostly come from outside the US.
Not trading advice
DXY bearish case scenario. I have published my bullish case scenario for DXY in my previous analysis. Now I'm looking at 4h and 8h timeframe and noticed M pattern with bearish divergence in 4h and rising wedge + double top with double top with bearish divergence. If this scenario plays out, it means as I mentioned in my previous analysis BTC bottomed at 17.5K on 18.06.2022 and starts its rally and last 5th wave.
DXY create Symmetrical triangle pattern.So,Waite to breakoutIn this situation DXY chart create Symmetrical Triangle pattern.
So, market need to breakout and Waite for candle conformation. If
breakout 104.800 resistance level then market will go 105.500 level &
if breakout 103.850 support zone then market will fall to 103.600 level.
U.S. Dollar Index Daily TA : SHORT 🔴By re-analysing the dollar index's chart , we see that the price has reached a very important resistance zone and the last two 2 days are reacting negatively to this zone (Bearish Breaker Block), if the price conolidates below 102.210, We can expect a re-fall to below the 101.30 range (and naturally we can expect the growth of cryptocurrency and stock markets)
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👤 Arman Shaban : @ArmanShabanTrading
📅 06.08.2022
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DXY (Dollar/USD) & EURUSD Technical Analysis & Forecast June 12Traders, DXY went higher after a shallow correction as expected. There are few scenarios now which we should consider especially if we are long on dollar. These levels and conditions can make dollar fall.
In this DXY (Dollar/USD) Technical Analysis & Forecast lets study those conditions along with EURUSD analysis.
There are 2 reasons for its possible falls too in the future:
1. There are several gaps left and the lowest one is around 90
2. W pattern makes a market fall from few specific levels.
So beware of these 2 cases.
Rules:
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2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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📌 DISCLAIMER
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.
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