dxy down trend for 3 monthshi, first im sorry for mistake in my english grammer, its a forecast about dxy for 3 months and its base on fundamental and technical analysis, i expect that dollar index will continue to rise this week, and we may have conformation of beginning of the decline at the end of the week depending on movment.
my expectation for this week in currency pairs:
eurusd and gbpusd , audusd, nzdusd : down trend
usdcad and usdjpy : up trend
this content in not signal for trade and you are responsible for your trades.
90% of my trading problems were solved by sizing down, try it, you'd be suprised.
good luck
Dollarindex
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Dollar Can look For A Final Leg UpHey traders,
In this article, I will talk about Dollar index, but before going into it, I want to invite you to our webinar here on tradingview like each Monday at 15CET, CLICK HERE
For now the USD remains in uptrend despite Powells comments yesterday, who acknowledged that the increase in bond yields was leading to more restrictive financial conditions and recognized that this could potentially impact monetary policy. Not exactly really sure what this means for their decision looking forward, but I am sure that the main goal is to bring inflation back down to 2%, so possibly they may not hike too much anymore, but rather only keep rates at high levels for longer periods of time.
However, high yields are not the only main problem these days, we also have geopolitical issues that may not end any time soon, so the dollar remains in an uptrend ahead of the weekend as a "safehaven".
Looking at the Dollar index chart, notice that there is a nice and strong support still in play for the DXY, its at March swing highs, so as long this one is not breached tot eh downisde, the uptrend for the US currency is still alive. In fact, from an Elliott wave perspective, we see nice corrective wave four here, possibly even its a triangle, so one more push is possible, especially if stocks will stay in risk-off mode.
If 105 support is cleared out then I may consider a top for the DXY.
Trade well,
Grega
GBPUSD shortSo,I am planning buy dollar again!There is no signal to short USD yet!
Israel Palestine conflict may also support US dollar + NFP was positive
Also we are at 4th quarter of trading year so I need to see Dxy cleares last old high level!
Till then I am going to buy Dollar!
Manage your risks!Happy Trading)
DXY(Dollar Index): 18/10/2023: Possible scenarios As you can see, the market structure is bullish so we expect higher prices will be seen.
Since the price collected liquidity below 105.5 and then had a bullish reaction we mentioned Order Flow and Order block as support that can cause the price to move higher for creating a higher high.
💡Wait for the update!
🗓18/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
DXY D1 - Short SignalDXY D1
Unfortunately we haven't seen an awful amount of response yet from the dollar index. Still waiting for a bit more confirmation on the downside potential here, and thus ***USD longs.
US100 and US30 have been climbing, with a short reaction from US30's 34000 price we marked yesterday. How much mileage this may have? I don't know, it depends on how to dollar performs at it's current price.
DXY 1D ANALYSISAfter DXY reversed from the keyzone level of 105.774 last week and moved back to the upside, my expectation for this week is that the market will continue the uptrend with the target areas identified above. The ongoing conflict between Israel and Palestine has increased the demand for the Dollar as a safe-haven asset.
However, it's important to note that other fundamental economic news releases could potentially reverse the trend this week. We'll need to keep a close eye on these developments.
What are your thoughts on DXY? Please share your comments below
DXY (Dollar Inde) - Bullish ZoneAs per our analysis, it is predict on weekly time frame, that the next target of DXY 107.83, We can take a long position from the level of 106.60, with tight Stop Loss of 105.20, For more trade and info and timely analysis like, boost and share our post and follow us that.
⚠️DXY will Go Down again⏰(15-Min)⏰⚠️DXY Index is running near the Uptrend line and 🟡 Price Reversal Zone(PRZ) 🟡.
According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 ascending waves near the 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD-) between two consecutive peaks.
🔔I expect the DXY Index to trend lower in the coming hours and at least go down to the 🟢 Support zone($106.330_$106.160) 🟢.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 15-minute 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.
💸DXY Index💸 will Go Up by Falling Wedge Pattern⏰(1-Hour)⏰✅The DXY Index has completed a Falling Wedge Pattern in the 🟢Heavy Support zone($105.80_$104.530)🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys .
🔔I expect the DXY Index will go UP after breaking the upper line of the Falling Wedge Pattern to the 🔴 Resistance zone 🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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.
Dollar looks into the skyThere is much noise about dollar losing its king status in the world.
The drop in the yellow wave b within a correction could have spurred that speculation.
You can see that it was a natural move to retest broken former barrier.
It was successfully rejected as the price bounced up quickly.
The target for the next move could be around $125
where yellow wave c will be equal to yellow wave a.
The next possible target is around $141
where yellow wave c will be equal to 1.618 of yellow wave a.
Where do you think DXY would go next?
-$125
-$141
-down
DXY Bearish while Bitcion BullishHello Crypto Traders!!
Lets take a look at these two charts side by side. You'll notice that when the DXY decides to PUMP, Bitcoin decides to DUMP and when the DXY decides to DUMP, Bitcoin decides to PUMP.
A massive long term strong bullish trend has finally been broken for the DXY and if it cannot find its way above the trendline, it will continue to DUMP which should make Bitcoin PUMP.
This is a great area to long BITCOIN using the right risk management.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
DXY I Still have the DXY in the expanded Flat with a top in at $107 which happens to be the fib retracement 50% level of the 5 down wave A.
I expect the momentum indicators to begin to slowly roll over. RSI, Stochastic RSI , OBV , MACD should all confirm the last leg of the down trend wave C which I expect to finish around $94.
At $94 the DXY should complete a very HTF wave 4 and then kick off what is shaping up to be one ugly recession. W5 targets for DXY run over $130 and I don't think much will survive this risk off trade set up.
This is likely what many analysts are referring to as the "Blow off Top" to which I find myself reluctantly agreeing with since all my charts keep leading me down this rabbit hole. ;)
US CPI Data, Fed Rate Hike Decision Due This Week: Implications The US Customer Cost Record (CPI) information for September is due to be discharged on Wednesday, taken after by the US Government Reserve's intrigued rate choice on the same day. Both of these occasions have the potential to altogether affect the forex and stock markets.
The CPI information could be a degree of expansion, and a higher-than-expected perusing may lead to assist tightening of monetary arrangement by the Encouraged. This can be since the Bolstered is entrusted with keeping expansion in check, and it'll likely raise intrigued rates on the off chance that expansion is running too high.
A higher-than-expected CPI perusing might too lead to a sell-off in stock markets. This is often since higher intrigued rates can make it more expensive for companies to borrow cash and contribute, and it can moreover weigh on buyer investing.
The Fed's intrigued rate choice is additionally likely to have a major affect on the forex and stock markets. A 75 premise point rate climb by the Bolstered is broadly anticipated, but a larger-than-expected rate climb might lead to a sell-off in stock markets and a more grounded US dollar.
Forex Suggestions
A higher-than-expected CPI perusing or a larger-than-expected rate climb by the Nourished may lead to a more grounded US dollar. This is often since financial specialists tend to purchase secure safe house resources, such as the US dollar, when they are expecting higher intrigued rates or instability within the markets.
Stock Suggestions
A higher-than-expected CPI perusing or a larger-than-expected rate climb by the Fed may lead to a sell-off in stock markets. This is since higher interest rates can make it more costly for companies to borrow cash and contribute, and it can too weigh on customer investing.
Conclusion
The US CPI data and the Fed's intrigued rate choice are two of the foremost critical financial occasions of the week. Both of these occasions have the potential to significantly impact the forex and stock markets. Speculators are exhorted to screen these occasions closely and be arranged for instability.
Sources:
Bloomberg: "US CPI Data, Fed Rate Hike Decision Due This Week"
Reuters: "US CPI Expected to Ease in September, But Stay Elevated"
I hope this post is helpful.
If you agree with the idea, please follow and share this with others too.
This analysis is based on the information at the date it is posted.
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
Any feedback is encouraged and appreciated. Thank you and have a nice day!
Deciphering DXY: The Dollar Index Explained 💵📊
The world of forex and global finance is filled with acronyms and indices that influence markets daily. One of the most critical and widely tracked indices is DXY, which represents the U.S. Dollar Index. In this comprehensive guide, we'll dive into what DXY is, why it matters to traders and investors, and how it can impact your financial decisions. By the end, you'll have a clear understanding of this essential indicator and its role in the financial world.
Unveiling DXY: The Dollar Index
What is DXY?
DXY, often referred to simply as the Dollar Index, is a measure of the value of the United States dollar relative to a basket of foreign currencies. It provides a weighted average of the dollar's exchange rates against some of the world's most traded currencies.
Composition of DXY
The Dollar Index is composed of six major world currencies, each assigned a specific weight:
1. Euro (EUR) - 57.6%
2. Japanese Yen (JPY) - 13.6%
3. British Pound (GBP) - 11.9%
4. Canadian Dollar (CAD) - 9.1%
5. Swedish Krona (SEK) - 4.2%
6. Swiss Franc (CHF) - 3.6%
Why DXY Matters
DXY is a crucial indicator for several reasons:
1. Global Benchmark: DXY is widely considered the primary indicator for measuring the value of the U.S. dollar globally. It serves as a benchmark for comparing the dollar's strength or weakness against other major currencies.
2. Currency Movements: Traders and investors use DXY to gauge the dollar's performance and predict potential currency movements. A rising DXY indicates a stronger dollar, while a falling index suggests a weaker dollar.
3. Influence on Markets: Changes in DXY can have a significant impact on various markets, including forex, commodities, and equities. For instance, a strengthening dollar can lead to lower commodity prices, affecting commodity-dependent economies.
4. Policy Implications: Central banks and governments closely monitor DXY to inform their monetary and fiscal policies. A rising DXY may influence a central bank to consider policies to counteract a strong dollar's effects on exports.
DXY's Impact on Forex
DXY, the Dollar Index, is a vital tool in the financial world, providing insights into the relative strength of the U.S. dollar. Its composition of major world currencies and its widespread use make it a key indicator for traders, investors, and policymakers alike. By understanding DXY's significance and monitoring its movements, you can make more informed financial decisions and navigate the complexities of the global markets. 💵📊
What do you want to learn in the next post?
DOLLAR INDEX (DXY): Bullish Move From Trend Line 💵
Dollar Index nicely respected a rising trend line on a daily.
After its test, the market formed a double bottom formation on an hourly time frame
and broke its neckline.
The index will keep growing now to 106.72
❤️Please, support my work with like, thank you!❤️