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Dxyforecast

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.
TVC:DXYShort
by CryptoGao1
4
DOLLAR INDEX: Bullish context in short-medium term?Hi everyone! There would be a lot to write about the fundamentals of the US dollar, but time is very precious so I'll just try to translate fundamental analysis into technical analysis with this hourly chart. I hope it can be useful to someone anyway... ...trade with care! 👍 If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖 Cheers! PS: I would also like to know your opinion about dollar index, what do you think? Post your opinion in the comments.... A.B.
TVC:DXYLong
by TheAnonymousBanker
29
DXY H4 ZONE MARKINGWe have an analysis of DXY H4 zone marking According to this analysis, we have found that Dollar is a bullish move because of price is moving above the (200MA & 50 EMA) golden cross-over price also tested the trendline 2 times for more information we marked the Demand & supply zone which is mentioned in the downside Demand zone1@ 104.563 to 104.397 Demand zone2@ 103.676 to 103.492 Demand zone3@ 101.863 to 101.519 Demand zone4@ 100.962 to 100.761 Supply zone @ 105.536 to 105.738 With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
TVC:DXYLong
by Enclave_fx
2
DXY hitting resistance area & pullback (crypto rally?)Looking at my DXY zones of likely corresponding crypto effects... At this resistance area for the DXY, I would expect some kind of short to medium term pullback over the coming days or weeks. This would likely correspond to some level of bounce in Bitcoin, which I'm also expecting once it falls down to the $22,200 level, creating what looks like a Bull-Flag setting up. The big question is whether we do get a deeper crash, and see the DXY push above the 105.50 range which would likely push BTC to re-test the recent lows between $15.5k and $15.5k A DXY push above 106 would likely see Bitcoin and total crypto market cap hitting new lows, and finally see the kind of capitulation we would like to see at a true market bottom. Thoughts and comments welcome below.
INDEX:DXYLong
by BrettFogle
1
DXY - Febuary Price Action Analysis on the DailyHi guys. As everyone knows DXY is inversely related with all RIsk ASsets. We've seen the major markets and crypto start consolidating and falling in price. As the Dollar rallies. This is on the Daily timeframe. Ive drawn 3 trend lines which i followed closely to make sure i take profits in my trades across the boards. First line we broke was the white trend line. Which pushed us to the next line, the red line. There was tremendous momentum seen with the size of the candles, especially the size of the one that broke out MASSIVE! We fought that for a couple days and ended up breaking through to get to the last trend line, the Orange line which coincides with our downtrend from the September highs. This indicates we may have changed trends from downtrend. Our next target is the white horizontal resistance line . Watch how DXY reacts here. ~Im in the camp that we will get rejected here in the short term when we reach.~ BUT if it consolidates around it, like price action did with the red line, it can break through. ANd come down to test support on either: 1. On yellow horizontal line 2. Or the Orange slanted line Indicator: Also if you notice the RSI, as we were breaking the white trend line, it broke above the yellow moving average with force, and created a higher high from the previous high of the RSI. This also show cased that we would move further up in price and break the red trend line. We are also getting to overbought terroritory on RSI marked by the 70 level or dashed line. And We've been above the yellow MA for some time now, eventually to come back to test it and move below it which would possibly coincide with when the broader market stops consolidating. This can also coincide with not breaking the white trend line in the shorrt term. Lets see whats up! Hope this made sense. Please comment, like and follow! Check out my other dxy ideas LINKED BELOW. Let me know what you think and where the market is headed! Thanks. Disclaimer: This is not financial advice and i am not a financial advisor. This is my opinion based on TA.
TVC:DXY
by SafofAllTrades
USD Index Targets 104.820 After US Federal Reserve Meeting?We have learned that almost all US Federal Reserve officials backed a 25-basis-points rate hike at the last FOMC meeting held on January 31 to February 1. Only a few officials favored a larger 50-basis-points hike at the meeting or said they "could have supported" it. Even so, many more dovish sentences were spoken in the latest meeting than compared to the December meeting. Although, officials did not go as far to consider a pause in rate hikes. The only time this topic was broached was in reference to foreign central banks and their potential strategies. Of course, the meetings also showed the obligatory note that, although the rate hikes have started to ease inflationary pressure, officials agreed that there was much more work to do to get inflation under control and were definitely aware of the risk of not doing enough, so the drip of dovish language will likely continue for some time before a dovish outlook overtakes a hawkish. Especially, because the meeting took place before the release of the hotter-than-expected jobs and retail sales data from January. This might go some way in supporting the USD in the short to medium term. Looking at the DXY after the release of the minutes, it looks to have helped the USD index push into the mid 104s, where it is encountering some resistance. The index only has to break into 104.700 to eclipse its recent one week high and return to its month high. A target above this range could include 104.820, which aligns with the 200-EMA and some peaks reached in January.
TVC:DXY
by BlackBull_Markets
1
DXY Chart Analysis.... DOLLAR INDEX MY VIEW- N.B- In this situation DXY chart create Bullish Flag Pattern's breakout @104.360. resistance level, then market Buy UP to 105:000; @ 105.500 and 106:000 resistance level. Then market need seems sell correction to nearest Support 105.500 level. 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.
TVC:DXYLong
by AronnoFx
2