Dxyindex
views in dcb for DXYTVC:DXY made retracement of 61.8% successfully after made a significant downtrend and reversed from a strong resistance zone. now if it breaks 101.3-100.8 it will down till 99.8-99.4 to 97.7-96.9 and moreover 97.02 also a fibonacci forward zone of 127.2%. allover trend is downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
Dollar Index Chart Analysis....
In this situation DXY chart create elliott wave Pattern. So,if breakout market
102:700 support Level Then market need long sell correction to nearest 102.200 and
101.100 Support level. If breakout 104.000 resistance level, then market will go up 105.
resistance level.
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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💵Euro/U.S.Dollar💵Analyze (Short Term, 03/24/2023)!!!The Euro/U.S.Dollar managed to form an Expanding triangle pattern, and it broke the upper line of the pattern and the 🔴resistance zone($1.088-$1.078)🔴 invalidly.
I expect the Euro to drop down to the 🟢support zone($1.05-$1.046)🟢.
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour Time frame ⏰.
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📉DXY returns to the wedge pattern?📈TVC:DXY
INDEX:DXY
TVC:DXY
⚡These two scenarios are expected to occur in the dollar index. A break or resistance of the 102.598 level is very important to determine the continuation of the trend.
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let me know what's your idea.
CrazyS✌
DXY road to 92, SHORT THE USDThe PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR.
Other economic factors why the DYX is looking weak are:
-Inflation: High inflation can erode the value of a currency, as it reduces the purchasing power of consumers and investors. If the US experiences sustained high inflation, it could weaken the US dollar even if interest rates are high.
-Economic growth: If the US economy is not growing as quickly as other economies, it could lead to a relative decline in the value of the US dollar. This could be exacerbated if other economies are experiencing strong growth and higher interest rates.
-Geopolitical risks: Political instability, trade tensions, and military conflicts can all increase risk and uncertainty, which can lead investors to sell US dollars and seek safer assets. If the US is perceived as a less stable or secure country, it could weaken the US dollar.
-Debt levels: High levels of debt can make a country more vulnerable to economic shocks and reduce its ability to stimulate the economy during downturns. If the US experiences a sharp increase in debt levels, it could weaken the US dollar.
-Market sentiment: Investor sentiment can be influenced by a wide range of factors, including news events, social media, and market psychology. If investors become pessimistic about the US economy or the prospects for the US dollar, it could lead to a decline in demand for US dollars and a weaker currency.
FOMC - MARCH 22, 2023 -US30 DOW JONES INDUSTRIAL AVERAGE Hello Traders,
As we approach FOMC and rate decision today, 2pm March 22, 2023
there's a possibility of continued rate hike to curb inflation and that could
send Stock Markets down.
Key Points:
VIX - Volatility Index is bullish for the week
Commodities - Bearish for the week
A rate increase is favourable for USD from an Investor's perspective. Overall economic outlook is bearish considering global world issues i.e: Russia/Ukraine, recession, inflation, etc.
Chart analysis shows clear picture based on trend lines, BOC, CHOC, and imbalance areas from prior week.
Anyways, always trade what you are comfortable with losing.
Until next time!
The Trading Regime.
DXY Chart Analysis....
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY US. Dollar Index | Down Trend Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index.
A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward.
A Lower High occurs when the price of the index reaches a new high during a given period that is lower than the previous. This suggests that the price is struggling to get higher levels and may be trending downwards.
These patterns can be used by traders and investors to identify potential selling opportunities or confirm existing US dollar downtrends. However, they should be used in conjunction with other forms of analysis and not relied on exclusively.
Fibonacci retracement is a popular technical analysis tool used to identify potential levels of support and resistance in financial markets. The tool is based on the Fibonacci sequence and retracement levels are calculated using ratios derived from this sequence.
When applied to the DXY US Dollar Index, Fibonacci retracement levels can help identify potential areas of support and resistance. For example, a common retracement level is 50%, which represents a potential area of support or resistance at the halfway point between a market's high and low.
If the DXY Index is in a downtrend, a trader might look for potential buying opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of support.
Conversely, if the DXY Index is in an uptrend, a trader might look for potential selling opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of resistance.
It's worth noting that Fibonacci retracement levels should not be relied upon exclusively for making investment decisions, and should be used in conjunction with other forms of analysis and risk management techniques.
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💵Euro/U.S.Dollar💵Analyze (Short Term, 03/20/2023)!!!Euro /U.S.Dollar was able to make a rising wedge pattern near the resistance zone.
Because of the previous bearish Sharpie move that is evident on the chart, I expect at least Euro /U.S.Dollar fall to the support zone.
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY nearing neckline. Whats next ?As you can see from this chart, the DXY has been creating CUPS ever since the $ de-pegged from the GOLD standard on the order of President Nixon in 1971.
Not only that but, with the exception of 1982-1986, there has been a "Ceiling" or Strong line of resistance, that PA will not cross BUT the Cups have been getting Deeper on each occasions. No gains, bigger Losses
We are now approaching that "Ceiling" once again and PA is possibly NOT going to reach that line before Dropping away again.
The Real world situation that the $ finds itself facing is with little doubt, the most adverse it has faced yet.
Currently we are seeing the US banking system under pressure and liquidity being placed in various organisations to help.
The State Treasury is also under serious pressure as the $ is pushed aside in international transactions. The Loss of the use of the Petro$ has already cost the USA $Billions and may well be the unspoken factor in the loss of support in Banks. IT should be noted that the Use of the PETRO$ began in 1971, when the $ walked away from the Gold standard
The $ is also facing stiff competition for the First time in its life, for the very foundation of Banks.
CRYPTO is making itself felt and the reaction of the USA Will be very telling in the future. Currently, The USA, or the BANKS, are very Hostile to the "young pretender" and this may well weaken the $ against Crypto
What ever happens on Wed, 22nd, when the FED proposes it new level of interest rates, any gains by the $ will be short lived due to the reasons mentioned above. The REAL question is how will it recover? And When ? Will it even reach the neckline of its current CUP ? Traditionalists may well support the $ and this alone may push it higher but the outside pressure will surely weaken even them
MAKE OR BREAK TIME
🥇Gold🥇 Analyze [Road Map!!!🗺️(03/19/2023)]Hi everyone, today I want to update the 🗺️Gold road map🗺️.
It is better to look at the previous roadmap that I published on Feb 7 in the 8-hour time frame. (Gold is moving ✅well,✅ according to the analysis).👇
Now we have to look for the end of the main wave 5.🧐
The end of wave 5 will most likely be in the 🔴resistance zone($2,114.9-$2,062.7)🔴 and 🟡Time Reversal Zone(TRZ)🟡.
Of course, according to the fundamental news, Gold seems to touch the resistance zone and resistance line easily.
Gold Analyze ( XAUUSD ), Daily 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
🥇Gold🥇 Analyze [Road map!!!🗺️(02/07/2023)]Hi everyone, today I want to show you the 🗺️Gold road map🗺️ maybe you can find the 😱treasure map😱 in my chart.
If you would like a good view of Gold on a weekly time frame, I suggest you take a look at my July 3, 2022, Gold road map post.
After watching this post, you will be surprised how beautifully Fibonacci price and time zones worked correctly✅.👇
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Better to go back to the present😊; Gold seems to have found the end of the main wave 3 above the ascending channel and is now completing the main wave 4 since the structure of the main wave 2 was a Price correction, so I expect It is most likely that the correction of the main wave 4 happens in ⏰ Time ⏰, also it is most likely that the structure of the microwaves of the main wave 4 is zigzag(ABC/5-3-5).
I marked the end of the main wave 4 on my chart with the yellow zone.
Gold Analyze ( XAUUSD ), 8-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.