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Dollarindex

DXY SELL ON RATE HIKES !!!HELLO TRADERS, As i can see DXY DOLLAR had done a retrace after a long drop but still the downtrend is not finish yet ... so i can see a rejection here at this resistance zone so we are re enter on sell as we can yesterday FOMC MEETING show us a rate hike which is not good for Dollar & you can see geopolitical issue also around the world BRICK 70% country are supporting to Dump Dollar and trade in yuan also we can see wars escalating around the world which is not good for Dollar Fundamentally its a sell on DXY now lets see Technically whats going on charts its is showing us a clear view that after a drop its done on retrace and now its moving to daily Horizontal Support zone you can see our previous analysis we are selling DXY from 106.400 levels and now looking for more drop on DXY Friends its just an trade idea Kindly share your thoughts and views on DXY with us in Comment session we appreciate your love and support it help all of our trader community
TVC:DXYShort
by APEX_TRADING_ACADMEY
DXY - The Leading Index For 2024Hello Traders, welcome to today's analysis of Dollar Index. -------- Explanation of my chart analysis: DXY (Dollar Index) has been forming a triple bottom all the way back in 2008 and has been rising ever since. With the recent break above the psychological $100 level, the DXY is once again confirming the bullish strength. If DXY doesn't break below this area, I am targeting new swing highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:DXY
by basictradingtv
7
EURUSD (A huge Earthquake is Coming) Hello my friends, how are you doing? I hope you will fulfil your ambitions ❤️❤️❤️ Today, I want to talk about EURUSD. What a chart! wow. Before that, I want to remember It's not financial advice. so, just see and think about it. I'm just sharing my view and opinion of the chart. Please do your own research. Don't waste time and Let's go into details 🌺🌺🌺 Based on the Elliot wave, we can count waves. each wave includes 5 microwaves and today I want to count the waves at EURUSD. That's all we do. there is a very very important point in this chart and I want to tell you that. Based on Elliot's theory, the second wave can retrace the first wave to a maximum of 0.618 Fibonacci. and if this retracement takes longer, we would expect to see an extended third wave. Exactly, in EURUSD we see this situation. Please check the first photo 👆👆👆 The second wave retraced the first one till 0.886 Fibonacci and it's so dangerous. so we expect to see an extended third wave. in this case, we see the third wave moved to 4.618 Fibonacci. and it sounds strange. it's happened. exactly such as I said. Please check all these photos. And the Fourth wave can retrace to a maximum of 0.618 Fibonacci of the 3rd wave and the last wave (the fifth wave) will begin. Now, it's time to calculate the last PRZ for the end of the fifth wave. I did it for you guys. And I expect the fifth wave to drop to 0.85-0.88. it means that the worth of EURUSD drops to a zone between 0.85-0.88 and if this happens, all markets will drop soon. please, for God's sake, watch the market. the situation is so complicated. don't forget to save your profit. SP500, BTC, NDX and so on will drop soon more than you think. ✔️ ✔️ it was my duty to warn you about this earthquake. I'm sure you are confused right now. But it's ok and there is no problem. Time Proves Everything. If you have any questions, or if you need to know more details please don't hesitate to contact me. 🙏🙏 Please don’t forget to like 👍, follow ✌️, and share 👌 this analysis with your friends. Thank you so much for your attention and participation 🙏🙏 Wish you the best 🧞♀️ Sincerely Yours 🙏🙏 Ho3ein.mnD
Short
by Sticky-Stock
2
DXY (Dollar Index) Shorts from 101.800 down to 100.800The outlook for the Dollar this week is a continuation of its bearish trajectory. With a recent downside break in structure, I anticipate a correction, expecting the price to retrace into the 14-hour supply zone. Upon entering my Point of Interest (POI), I'll wait for price distribution and a change in character as a signal that the dollar is prepared for a decline. Additionally, I acknowledge the presence of imbalances above the supply, suggesting the potential for a break beyond this supply into a more premium area. Confluences for Dollar Sells are as follows: - This bias aligns with the current bearish trend that has been perpetuated. - Lots of major trend lines, equal lows and asian lows below on the higher time frame. - There's a14hr supply zone that has broken structure to the downside causing BOS. - For price to maintain its bearish trend it must react off a supply to trigger another sell off. P.S. While the dollar maintains an overall bullish stance on the higher time frame, it's only a matter of time before price sweeps liquidity and reacts strongly to a major supply. However, given the current bearish movement, It's advisable to follow the existing trend instead of opposing it for the time being. If you guys have any interesting perspectives on this market, feel free to share down below!
CAPITALCOM:DXYShort
by Hassan_fx
Dollar Index PivotBetting against the dollar is growing in popularity after the Federal Reserve upended markets by signaling the end of its monetary tightening campaign. Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback in the week ended Tuesday. More than 39,000 contracts are now tied to expectations the US currency will fall, up more than 10,000 from a week ago when the Fed was preparing to meet, the data show. The currency has suffered a pronounced slump in the wake of that confab, when the Fed released updated economic projections forecasting additional monetary easing next year. Indeed, while there are now more contracts betting on dollar weakness, the dollar value of those contracts has actually slipped to $5.5 billion, slightly lower than last week. The dollar extended its drop on Friday after the Fed’s preferred gauge of underlying inflation showed muted price gains, affirming the central bank’s pivot toward interest-rate cuts next year. What is your opinion on Dollar in 2024? Trade with care Like | Share | Comment
TVC:DXY
by TheAnonymousBanker
8
🗺️DXY Index Roadmap🗺️🏃‍♂️The DXY index has been moving in the Descending Channel for over two months . 🌊According to Elliott's wave theory , the DXY Index is near the end of the main wave 5 . 🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame , we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5 . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect the DXY Index to start rising after touching the 🟢 Support zone($101.30-$100.80) 🟢, Support lines , and 🟡 Price Reversal Zone(PRZ) 🟡 and complete the main wave 5. The increase of the DXY index can fill the upper 🔵 GAP 🔵 and attack the upper line of the descending channel. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
8
TH KOG REPORTKOG REPORT: There was no KOG Report on Sunday, so we’ll go straight into the week ahead. For the next few weeks, into early January we can expect there to be a lot of ranging and choppy price action due to it being the end of the year. Just like trading is not recommended the last days and first days of a month, it’s also the same for the last weeks of the year and the first couple of weeks in the New Year. So, if you are going to trade, please take it easy, reduce your lot sizes and make sure you have a risk model in place. Now, for this week we’re going to keep it simple, we’re looking for a couple of scenarios on Gold and we’re going to take it really easy as we’re nearing the holiday period. We have a couple of levels in mind as key level support regions, which we feel price must stay above in order to go higher. The first intraday region of 2015-18 which is where price close on Friday is important, any stop hunt below this with extension into the 2010 level and no break, we feel will represent an opportunity to long back up into the 2030-35 region first, based on price action there we’ll decide whether to continue upside or not into 2050-55 and higher! Breaking said level and turning it into resistance, will flip the order region and based on that we could see price fall lower into the 1950’s before any reaction in price. The ideal scenario for us here is for price to hold that 2030-35 region as resistance, and if we get a good set up there we feel an opportunity to short the market back down into the 2002-5 level initially is on the horizon and below that we’ll take it level to level with the target level shown on the illustration on the chart. We feel the ideal long opportunity may come from lower down, unless they decide to take it straight up early part of the week, in which case we’ll trade it level to level upside following Excalibur. To be totally honest, not really worth taking any swing trades at this time of the year anyway.. KOG's bias for the week: Bullish above 2010 with targets above 2055 and above that 2068 Bearish on break of 2010 with targets below 1995 and below that 1976 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
10
Dollar Index (DXY): Your Trading Plan 💵 After a massive selloff, Dollar Index retraced to a key horizontal resistance. We can see that the market is currently consolidating within the underlined blue area. To short the market with a confirmation, let the price break the support of the range. 4H candle close below 102.37 will confirm the violation. A bearish continuation will be anticipated at least to 102.0 level then. Alternatively, a bullish breakout of the resistance of the range will extend the correctional movement at least to 102.86 ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
1
US Dollar Drops Amidst Fed Rate Pivot and Inflation DeclineIn recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response. The Federal Reserve's decision to lower interest rates indicates their growing concerns about the state of the US economy. While this move aims to stimulate economic growth, it inadvertently weakens the US dollar's position in the global market. As traders, it is crucial to stay informed and adapt our strategies accordingly to protect our portfolios and seize potential opportunities. Given the current scenario, I strongly urge you to consider shorting the US dollar. By taking a short position, you can potentially profit from the dollar's decline against other major currencies. However, it is crucial to exercise caution and conduct thorough research before implementing any trading strategy. Market dynamics can be unpredictable, and it is wise to consult with your financial advisor or analyst to ensure your decisions align with your risk appetite and investment objectives. Here are a few key factors to keep in mind while navigating this situation: 1. Stay updated: Continuously monitor news and economic indicators that impact the US dollar's value, such as Federal Reserve announcements, inflation reports, and global economic trends. This will help you make well-informed trading decisions. 2. Diversify your portfolio: Consider allocating a portion of your portfolio to currencies that are likely to strengthen against the US dollar. Diversification can help mitigate risks and optimize potential returns. 3. Risk management: As with any trading strategy, it is essential to implement appropriate risk management measures. Set stop-loss orders and determine your risk tolerance to protect your capital and minimize potential losses. 4. Seek professional advice: Engage with experienced financial advisors or analysts who can provide expert insights and guidance tailored to your specific needs and goals. Please note that the information provided here is for educational purposes only and should not be considered as financial advice. The decision to short the US dollar should be based on your individual analysis and risk assessment. In conclusion, the recent drop in the US dollar's value, combined with the Federal Reserve's shift towards lower interest rates and declining inflation, demands our utmost attention. By staying informed, diversifying our portfolios, managing risks effectively, and seeking professional advice, we can navigate these uncertain times with confidence. Remember, the key to success in trading lies in adaptability and seizing opportunities when they arise. Let us remain vigilant and proactive in our approach to safeguard our investments and capitalize on potential gains.
TVC:DXYLong
by bryandowningqln
DXY Inverted Head And Shoulders Pattern REJECTEDThe Dollar index has taken a tumble today. Instead of breaking above the neck line of the inverted head and shoulders pattern, the DXY rejected hard off of it, sending the value of the dollar vs other currencies down, in a big way. FOREX pairs are going nuts today, so if you are trading EUR/USD, AUS/USD, or other currency pairs, good for you! The stock market is on an insane rise too. The SPY Index which is the S&P 500, is up nearly 4% so far on the day. Bitcoin and the greater crypto industry took a bit of a tumble as well, but is starting to quickly turn and recover as the dollar continues to plunge. In my humbled opinion, the DXY is one of the most important charts to pay attention to in trading. It can set the balance of the market and the direction that other assets will be running. So make sure you keep it in your watch list and make it one of the first charts you check before you start your trading day. But always be cautious because nothing goes up or down forever, and with a pump like this in so many markets, short term traders could be looking to take some major profits off the table later on. Be safe out there and trade logically!
TVC:DXY
by thelogicaldude
Integrated Analytics 💲 Unveil Dollar TrendsIntegrated Analytics 💲 Unveil Dollar Trends Dear Respected Members, Speculators, and Traders, My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's support. Multiple scenarios may unfold, with DXY rallying to the 104.27 resistance or continuing a bearish trend if the support breaks. News Trading Strategies, aided by AI's Neural Language Processing bots, align with recent reports: Dollar weakens as Fed rate cut view weighs: DXY fell 0.2% to 103.20, anticipating a monthly loss exceeding 3%, attributed to expected Federal Reserve rate cuts. Crack in US dollar strength to spread as economy slows: FX strategists foresee continued dollar weakening amid a slowing US economy, reflecting global concerns (Reuters, Nov 8, 2023). U.S. Dollar Index weakens post 20-year high: A decline of over 8% from its September peak is attributed to factors like a stronger euro and a sluggish US economy (Axios, Dec 9, 2023). These align with sentiment analytics (DSI/DSIE), emphasizing a holistic approach merging AI with news and sentiment tools for enhanced insights. Disclaimer: Not investment advice; analytics for entertainment. Keep speculation separate from investments. Best regards, Ely
TVC:DXYShort
by Elysian_Mind
Head and Shoulders Pattern Forming on the DXY Dollar IndexWhen the dollar is running, most other assets are dropping. This has been my experience in the markets and is why the DXY is on my watchlist and is ALWAYS one of the first charts that I check before jumping into the markets. When the DXY is high, that means that people are demanding dollars, and when it's dropping, those dollars are flowing into other assets. Learning to watch the DXY and it's movements will give you some good edge in the markets. Not everything will be effected. There are always other market conditions to watch for, news, etc that can move the markets as well, but keeping your eye on what the USD is doing is certainly something you want to add to your trading routine. So the Head and Shoulders pattern is a strong reversal pattern in the markets. Nothing is ever 100% and the pattern could fail, so you always have to be ready for that. The regular Head and Shoulders is a bearish reversal pattern meaning we have found the local top in that market at that time. An Inverted Head and Shoulders pattern is the opposite. It usually shows at a market bottom and indicates the possibility of bullish movement. What we see here is that the DXY is knocking on the door of a breakout of this pattern and if it keeps going up, well, you will want your trading account to be in the dollar, or looking for shorting opportunities in other assets like crypto and FOREX pairs, that is if you are trading futures or options. If you are trading spot, this is the time to be in the dollar and waiting for your chosen asset to hit a fire sale clearance price, then go in an scoop up what you can with what you have! Of course none of this is financial advice, just some things I have learned along my journey in this crazy world of trading that has helped me make some successful trades. As always make sure you have a solid risk management plan before diving into the deep end! Doing this will help you gain some edge in the markets and trade logically!
TVC:DXY
by thelogicaldude
Best-Case Scenario for Bitcoin Bull RunWhat's shown in the chart here represents what I think may be a best-case scenario for Bitcoin and the crypto market as we move into 2024-25. I have a long-running theory that TVC:DXY will eventually turn back up and move above its Sept '22 highs (112-114), and when it does, we'll enter one of the longest bear markets many of us have seen in our lifetime. I first posted about this back in January this year, here: As the US Dollar is the world reserve currency, what the Dollar Index does affects everything else. DXY on the macro tends to represent a near mirror image, or a macro negative correlation, with Bitcoin, Crypto, and Stock markets (as well as other markets). On lower timeframes they do diverge and positively correlate at times, even on higher timeframes occasionally. But, on the macro, they almost always eventually do the opposite. So, what is going on in the best-case scenario, for Bitcoin, as shown above, and what could be some other scenarios that may occur? Best-Case for Bitcoin In the best-case, we see DXY continue down to monthly support, as Bitcoin moves back up towards its ATHs. As DXY tests weekly and then monthly support, Bitcoin pushes on and eventually breaks its ATH; making a new ATH. It could even reach or breach 100k, briefly. Once DXY begins to move back up and gets above its October highs (~106), Bitcoin moves back below 62k and then moves to test that level again. Bitcoin begins its longest bear market as the Dollar index moves above 112-114 and starts making new highs, potentially heading towards 1980s ATH. Poorer Outlooks The sooner that DXY moves up above its October highs (~106) and gets above Sept '22 highs (112-114), the sooner this recovery or bull run will end: - Very Soon : Recoveries get cut short, Bitcoin moves down shy of reaching its ATHs - Somewhat Soon : Double-tops similar to above, but with lower highs and a sooner downturn Should DXY lose monthly support and head well below 100, this idea may be invalidated or bull runs could be extended for longer and higher highs possible. Please let me know what you think, I'm still learning and growing as an analyst and would love to get some feedback from veterans. Thanks again for reading, and best of luck with your charting and trading!
INDEX:BTCUSD
by dudebruhwhoa
1