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DXY Daily TA Neutral BearishDXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% DXY, 60% Cash. * FOMC WATCH . US November CPI was estimated to come in at 0.3% but instead came in at 0.1% , compared to October's 0.4% it's fair to say that it eased a bit. Meanwhile Core CPI rose 0.2% in November compared to 0.3% in October. The last FOMC rate hike is expected to be announced tomorrow, though there is still a chance for another 75bps rate hike, the majority of speculators are anticipating 50bps. If they go with 50bps, it's reasonable to expect volatility tomorrow followed by further downside to DXY; however, if they go with 75bps, DXY should see a bit of a reversal in the short/medium-term. In a surprising move which is likely due to national security interests, China banned exports of their Loongson military grade processors to Russia ; Russia had apparently been testing them for a while as opposed to Intel and AMD processors due to Western sanctions. The USA is preparing to send their Patriot Air Defense system to Ukraine in response to Russia continuing to bombard key energy infrastructure as Ukraine approaches their coldest parts of winter. DXY, Cryptos, US Equities, US Equity Futures, JPYUSD, HSI, NI225, N100 and Short-Term US Treasurys are up. While Commodities, GBPUSD, EURUSD, CNYUSD, Long-Term US Treasurys and VIX are down. Key Upcoming Dates: Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; Next GDPNow US Q4 GDP estimate 12/15; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently attempting to bounce here at $104.06 before retesting the uptrend line from May 2021 at $103.15 support for the first time since February 2022. Parabolic SAR flips bullish at $105.27, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 34, the next resistance is at 39.43 and the next support at 23.34. Stochastic remains bearish and is currently testing 29.40 support. MACD remains bullish and is on the verge of crossing over bearish as it trends sideways at -1.21 support; if it breaks below this support level it would be a bearish crossover. ADX is currently trending up slightly at 33 as Price continues to fall, this is bearish at the moment. If Price is able to bounce here then it will likely retest the 200MA at ~$105.80 as resistance . However, if Price continues to break down here, it will likely retest the uptrend line from May 2021 at $103.15 support . Mental Stop Loss: (two consecutive closes above) $105.80.
TVC:DXY
by dailytaguy
DXY Daily TA BearishDXYUSD daily guidance is bearish. Recommended ratio: 5% DXY, 95% Cash. * Oil tankers are reportedly beginning to jam up the Black Sea with 28 tankers waiting to be checked for having proper insurance by Turkish officials . This will likely put upward pressure on the price of oil in the near/medium term. Investors appear to be anticipating a 50bps rate hike by the FOMC on 12/14, which will be their last rate hike announcement until February 1st 2023. Interestingly, investors appear to be equating a slowing in rate hike increases with a lowering of the terminal FFR, which is unlikely to be true; Federal Reserve staff/member consensus is currently projecting a 5%-5.5% terminal funds rate to be achieved by mid-2023, the FFR is currently at 3.75%-4%. So going forward, 50bps on 12/14/22 brings it to 4.25%-4.5%, another hypothetical 50bps on 02/01/23 would bring it to 4.75%-5%, another hypothetical 25bps on 03/16/23 would bring it to 5%-5.25% and then a last hypothetical 25bps on 05/04/23 would bring it to 5.25%-5.5%. This all assumes that Russia doesn't continue to escalate the war and that supply chains reach a newfound stability/order; a somewhat unrealistic assumption at the moment. US Equities, US Equity Futures, US Treasurys, Cryptos, Metals, Natural Gas, Agriculture, EURUSD, GBPUSD, CNYUSD, HSI, N100 are up. DXY, VIX, JPYUSD, NI225 and Oil are down. Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently trending down at $104.80 after being rejected by the 200MA at ~$105.80 as resistance. Parabolic SAR flips bullish at ~$105.80, this margin is mildly bullish. RSI is currently trending down at 36 after being rejected by 39 resistance for the third time since 11/21/22, the next support (minor) is at 23.34. Stochastic remains bullish and is on the verge of crossing over bearish as it trends down at 58 after getting rejected by 67 resistance, if it falls below 56 it would be a bearish crossover; the next support is at 45.65. MACD remains barely bullish for a second consecutive day as it trends sideways just below -1.21 support. ADX is currently trending up slightly at 31 as Price continues to see selling pressure, this is bearish at the moment. If Price is able to bounce here and reestablish support at the 200MA (~$105.80) , the next likely target is a retest of $108 resistance . However, if Price continues to break down here, it will likely retest the uptrend line from May 2021 as support for the first time since February 2022 which would coincide with $103 support . Mental Stop Loss: (one close above) $105.80 .
TVC:DXY
by dailytaguy
Multi-Year Ascending Scallop on DXYDuring the DXY run-up this past year, I noticed repeated ascending scallop patterns that were continually validated by breakouts. These were often on the 5 to 15 min timeframe, but If you look at the ascent even on the hourly chart, you'll notice the pattern reveals itself repeatedly. If you're a believer in using fractals in your trading strategy, you won't be surprised to see that a clear ascending scallop appears to be developing on the longer time frame. I was initially looking for this pullback to find support at former resistance, but it has possibly regained its support from 2018-20. Given the repeated validations on shorter time frames, I'm looking for a break out above the Sept high (114.778) in early 2023 - if not sooner.
TVC:DXYLong
by moveyoubrightly
DXY Daily TA BearishDXYUSD daily guidance is bearish. Recommended ratio: 5% DXY, 95% Cash. *Cryptos and Commodities markets are signaling a bullish open to a week of mute economic data before CPI on 12/13 and the last FFR hike announcement of 2022 on 12/14. More volatility is to be expected with increased supply chain disruptions due to reduced exports from China weighing on Big Tech ( Apple in particular ). While certain major cities like Beijing, Shenzhen and Shanghai are loosening Covid restrictions in effort to quell protests and reinvigorate dampening domestic demand. A price cap imposed by the G7 + Australia on Russian oil took effect today, the $60/barrel price cap applies to any third-party countries who intend to use G7 or EU tankers, insurance companies or credit institutions to ship Russian oil . Russia responded by saying they would cut production while OPEC+ reiterated their commitment to a 2m output reduction until 2023 . This will likely push the price of oil higher. Ukraine has also mentioned that Russia hasn't launched any large missile offensives in the past two weeks and that they are likely gearing up for another significant strike on Ukrainian energy infrastructure in attempt to break Ukrainian citizens down during the winter. Commodities, Cryptos, US Treasurys, HSI, CNYUSD, GBPUSD and EURUSD are up. DXY, US Equity Futures, N100, NI225 and JPYUSD are down. Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price has broken below the 200MA at $105.57 as support and is currently trending down at $104.22 as it approaches $103.15 support which coincides with the uptrend line from May 2021. Parabolic SAR flips bullish at $106.83, this margin is mildly bullish at the moment. RSI is currently trending down slightly at 32, the next support is at 23.34. Stochastic remains bearish and is currently testing max bottom. MACD remains bearish and is currently trending down slightly at -1.45 as it breaks below -1.21, the next support is at -1.66. ADX is currently trending up at 30 as Price continues to fall, this is bearish. If Price is able to bounce here then it will likely retest the 200MA at ~$105.60 as resistance . However, if Price continues to break down here, it will likely test $103.15 support which would coincide with the uptrend line from May 2021. Mental Stop Loss: (two consecutive closes above) $105.60.
TVC:DXY
by dailytaguy
Investigating the dollar index in the 4H time frame using ElliotIn my opinion, the dollar index has completed a complete 5-wave in the daily time frame. We are currently in the ABC correction. Wave A is complete. Wave B ended with 3 moves. Wave C consists of 5 waves. In my opinion, now wave 3 out of 5 is completed and we have to wait for the beginning of wave 4 out of 5. Wave 4 consists of 3 big movements. In my opinion, Wave 4 can behave as shown, and if there is a change in my opinion, I will definitely update this analysis.
TVC:DXYLong
by AllMarketAnalysis_Am
DXY Daily TA Cautiously BullishDXYUSD daily guidance is cautiously bullish. Recommended ratio: 70% DXY, 30% Cash. *All markets reacted negatively to news of Chinese citizens protesting the Covid lockdowns in fear of more supply chain disruptions. The Pentagon is currently devising a proposal to send smaller precision bombs that can be fitted onto rockets and allow for Ukraine to strike behind Russian lines as the US and NATO military inventories are dwindling in response to a now 9-month constant bombardment by Russia on Ukraine. Russia's plan to destroy Ukraine's energy infrastructure to demoralize Ukrainian's during what is expected to be a very cold winter is reminiscent of The Holodomor (Great Famine) under Stalin in 1932-1933 when Russia ignored natural factors and enacted repressive policies that contributed to a massive decline in Ukraine grain and killed 3-5 million people as a result. It appears that Russia is also intentionally exhausting military supplies from NATO countries (US mainly); which could possibly hamper future US intervention during potential future altercations between China and Taiwan. Elon Musk is "waging war" against Apple after Apple decided to suspend advertising and is mulling the idea of removing Twitter from the App Store . Apple takes 30% of all sales within the App Store, so Twitter would only be seeing $5.60 of the $8 iPhone users would pay for a Blue-Check. BlockFi did what everyone expected and filed for Chapter 11 bankruptcy today . DXY, Short-Term US Treasurys, US Equity Futures, EURUSD, GBPUSD, JPYUSD, Gold and VIX are up. Long-Term US Treasurys, US Equities, Cryptos, CNYUSD, NI225, HSI, N100, Energy and Agriculture are down. Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29 ; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14. * Price is currently trending up at $106.66 after bouncing off of the 50MA at ~$105.35, the next resistance is at $108. Parabolic SAR flips bullish at $108.46, this margin is mildly bullish at the moment. RSI is currently trending up at 40.73 and is still technically testing 39.43 resistance. Stochastic remains bullish for a second consecutive session and is currently trending up at 38.83 as it approaches a test of 45.65 resistance. MACD remains bearish and is currently trending up at -1.28; it's still technically testing -1.21 support and if it can cross above -1.18 it would be a bullish crossover. ADX is currently trending up slightly at 26.85 as Price bounced off a critical support level (the 50MA), this is mildly bullish at the moment. If Price is able to continue higher then it will likely retest $108 resistance . However, if Price falls back down here it will have another chance to formally retest the 50MA at ~$105.35 as support before potentially retesting $103.15 support for the first time since June 2022. Mental Stop Loss: (one close below) $105.35.
TVC:DXY
by dailytaguy
DXY AFTER CPI AND PPI US RELEASEHELLO DEAR TRADERS I think we have currently created a short-term bottom on DXY and we need to go retest the zone of interest US PPI release yesterday was lower than expected and these numbers did not help us at all. Dollar takes another hit. We will see how the FED reacts in mid-December to the positive feedback from the economy due to the increase in interest rates The current one-time declaration of inflation numbers smaller than expected does not seem to me to be enough for the dollar to change its current trend. I haven't seen a single statement from the FED that they currently plan to ease the monetary policy of aggressively raising rates. If this opinion is still in their statements in December, despite the current numbers, I think we will go lower again on the equity markets. Do not forget that November and December may once again be the months when inflation shows that it is not yet at its peak. People spend a lot on Christmas
TVC:DXYLong
by Crypto-Frantisek
3
DXY MOVE NEXT WEEK The dollar is still resisting the rise and it has signs of weakness, and I expect the next movement to be downward, especially with the somewhat lower inflation and the comments of the Monetary Policy Committee from the Federal Reserve members to reduce interest rates on the US dollar during the coming months. We wait and see what next week has in store for us. What do you think of the strength of the dollar currently? Is it subject to more collapses, or will it have a word next week that contradicts all expectations? The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other positions to the losing positions 4 Use a suitable lot for your account ❤️Please, support our work with like & comment!❤️
TVC:DXYShort
by zaidhatem
DXY Daily TA Neutral BearishDXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% DXY, 60% Cash. *I violated the House Rules for showcasing private indicators that I didn't create and was put in timeout in addition to my previous 5 ideas being hidden. Sorry I guess.* *Investors are fleeing DXY and their Fixed Income trades and moving back into Risk-On assets as market participants seem to think that the Fed is going to slow down rates hikes by opting for 50bps vs 75bps on December 14th. Meanwhile Ukraine continues to operate with half of the country's energy capacity as the winter continues to get colder and has appealed to President Biden to consider sending Gray Eagle Drones to aid in their defense against Russia . Tomorrow is a big day for economic data in the US with Manufacturing PMI, Consumer Sentiment, New Homes Sales and the FOMC Minutes all due to report. It's important to remain prepared for a reversal back to DXY and US Treasuries if the numbers don't support the "inflation is coming down" narrative. TIPS are still attractive until CPI comes down consistently. Equities, Equity Futures, Cryptos, Commodities, JPYUSD, GBPUSD, EURUSD, CNYUSD, NI225 and N100 are up. DXY, US Treasuries, VIX and HSI are down. Key Upcoming Dates: S&P US Manufacturing PMI at 945am EST 11/23 ; UofM November Consumer Sentiment Index at 10am EST 11/23 ; US October New Homes Sales at 10am EST 11/23 ; FOMC Minutes at 2pm EST 11/23 ; 6th GDPNow US Q4 GDP estimate 11/23 ; 2nd BEA Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14. * Price is currently trending down at $107.15 after being rejected by $108 resistance. Parabolic SAR flips bullish at $109.73, this margin is mildly bullish. RSI is currently testing 39.43 resistance, if it can break above this level then the next resistance is the uptrend line from July 2020 at 49 resistance. Stochastic remains bullish and is currently trending up at 39 as it approaches a test of 45.65 resistance. MACD remains bearish and is currently trending up off of -1.21 support, if it can get above -1.05 this would be a bullish crossover. ADX is currently trending sideways at 25 as Price attempts to recapture its uptrend, this is neutral at the moment. If Price is able to bounce here then it will likely aim to retest $108 resistance before potentially pushing higher to test $110 minor resistance . However, if Price continues down here, it will likely test the 200MA at ~$105 as support for the first time since June 2021 before potentially retesting the uptrend line from May 2021 at $103.15 support . Mental Stop Loss: (two consecutive closes above) $108.04.
TVC:DXY
by dailytaguy
DXY can rise again above 109After the break under the last ascending trend line started in mid-August on 21st Oct and a retest of this break at the beginning of Nov, DXY continued its drop and also broke under horizontal support and the long-term trend line 5 days after. This important break led to aggressive losses and a test of the following horizontal support at the 105 zone. Now the index is in recovery and a rise to the 109 zone could follow. I'm bullish USD as long as last week's low is intact and selling rallies for EurUsd, AudUsd, NzdUsd and GbpUsd could be a goos strategy
CAPITALCOM:DXYLong
by Mihai_Iacob
2
DXY - LONG | CHART PATTERNDXY has broken its bullish cycle and we are about to head into a strong general Bearish Trend . As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the downside, breaking through the trend, so a correction or retracement is imminent. The Formation of the BULLISH Triangle on the 4H timeframe, shows the incoming of a Bullish short time move for next week. The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.
TVC:DXYLong
by MaximFxBoss