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Dollarindex

DOLLAR INDEX - FUNDAMENTAL DRIVERSAn extended period of U.S. dollar depreciation is fast approaching. The greenback could be relatively stable in the near term. There is some potential for safe-haven support for the U.S. dollar, but further Fed tightening should be modest, and global central bank actions to make dollars more readily available will likely provide an offset to potential dollar strength. Thus, we expect the U.S. currency to come under renewed pressure before long, with the U.S. economy expected to fall into recession later this year. Aggressive Fed easing starting in Q4-2023 should add to downside pressures for the greenback.
TVC:DXY
by thunderpips
Dollar Index (DXY): Bearish Outlook Explained💲 Dollar Index is trading in a minor bearish trend on a daily. The market is steadily falling within a falling parallel channel. The market is currently approaching a very important confluence point based on a resistance of the channel and a broken horizontal resistance. I believe that chances will be high to see a bearish move from the underlined zone to 101.0 level. Alternatively, remember that a bullish breakout of the resistance of the channel will initiate a correctional movement on the index. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
11
DXY NEW WEEKLY OUTLOOKOn the 4th of April, price made a significant move on dollar, price broke to the downside sharply cause XAUUSD to fly over 500 pips.. since then we have been on a pullback, this does not mean price is now bullish, it is just a retest and i am still selling dollar... next week will be fire the way i am seeing it, watch out for price action.. I will be selling dollar and Buying GOLD, target should be around 2050.. be prepared.. its good friday today, enjoy your Easter, see y'all next week.
TVC:DXYShort
by stuckinprofit
So You Wanna Trade Forex - US DOLLAR INDEX REVIEW - 040423Dollar looking pleasant. Interested to see how price action will play out late in Asisan and up until London with the NZD Cash Rate coming out within the next hour. Price Action has been on the bearish side as o late and could be expected to continue in the trend until about 101.1 On the upside I would be interested to see price come back to 102 and perhaps magnetize and show some respect instead of a dropping free for all knife, due to the amount of uncertainty currently present in the markets. There is a lot o stimulating news on the economic front, so being more engaged with the fundamentals to have an overall better understanding of market sentiment is vital. Looking froward to NFP potentially shedding more light on the economic situation as ar as the USD is concerned.
TVC:DXYShort
by MultiBillionaireMom
DXYThe last bottom is really important to change or continue bearish trend. As you know we need DXY to analysis most of the charts so we should know DXY trend. If price break down the bottom it can continue and cause to break and change most of my analysis. if price turn before the last bottom, it can go up to around last top and all of my analysis is true, and you can use it. if price touch bottom line and turn to up, we should analysis DXY with next wave to change analysis DXY and other charts.
TVC:DXY
by Ahmad_sunboy
DXY: Time to start buying USDThe DXY is trading inside a Channel Down with the 4H technicals naturally bearish (RSI = 33.732, MACD = -0.220, ADX = 19.580) and the RSI on LH. This could be similar to the November/ January Channel Down, only smaller as the RSI shows a similar pattern. Since the price has already reached the 2.618 Fibonacci extension, we will start buying USD aiming at Fib 1.0 (TP = 104.250) and then short again as that will bring us near the LH which is the long term Resistance. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYLong
by InvestingScope
2
Bounced off Daily Zone 1.07971 & Large Daily Wick is Bullish 🤷‍Value in Description ⬇️ Beware we have returned close to our extreme prices after an abrupt beginning to the week. Price fell into the abyss as optimistic buyers were a bit too early like myself. This NY session though we managed to grab a spot on the train. I was bearish walking into the week and was expecting a pullback to these prices. However , after that start to the week and observing how the daily candle may close with the large bottom wick, it gives me more confidence that we may blast through the extreme prices at 1.093. Our next target may be the previous monthly candle wick at 1.103 and which is also the next weekly Zone above where we are currently at (1.088) NFP on friday will be catalyst for large move here. Especially with this start to the week. We already have a large imbalance and it's obvious. More analysis : We have created a Lower Low on the 4Hr TF. NFP is setting up early in the week at extreme prices 1.093 area. Retesting, before we move back down to 1.079 and reject extreme prices at a Monthly and weekly S/R level at 1.09.
Long
by ShrewdCatfx
2