Get started

Dxyforecast

DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 20% DXY, 80% Cash. *DXY and Long-Term US Treasuries are down after a barely dovish October CPI print that has investors thinking that the Fed is going to somehow pause rates hikes in 2023 or slow down on December 14th. Equities benefited from this and if it wasn't for the FTX/Alameda fallout then Cryptos may also be benefitting from this recent transition back to Risk-On. Bad headlines keep coming out for FTX as a large portion of their remaining assets (around ~$700m) were "illegally moved" last night after they filed for Chapter 11 Bankruptcy earlier in the day; after hearing about the FTX backdoors that only SBF and 3 other people knew of, it's hard not to be skeptical of who orchestrated this. The Fed has made it abundantly clear that they still have a ways to go before bringing the federal funds rate to a sufficiently restrictive level, and if there's one thing that we learned in 2020 and this year, it's to not fight the Fed. Keep an eye out for what Russia decides to do about the Grain Deal with Ukraine that's set to expire next Saturday 11/19. Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; US October Retail Sales at 830am EST 11/16; US October Building Permits and Housing Starts at 830am EST 11/17; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd 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 ~$106.41 and broke below $108.04 support after falling 4% on the CPI report. Parabolic SAR is bullish at the moment. RSI is currently trending down at 32 with no signs of trough formation, the next support is at 23. Stochastic remains bearish and is currently trending down at 10.25 as it approaches a retest of 9 support. MACD remains bearish and is currently trending down at -0.75 as it approaches a test of -0.83 support for the first time since July 2020. ADX is currently trending up at 16 after forming a trough at 13 as Price continues falling, this is mildly bearish at the moment. If Price is able to bounce here then it will likely test $108.04 resistance . However, if Price keeps going down, it will likely test the 200MA at ~$104.75 as support for the first time since June 2021. Mental Stop Loss: (two consecutive closes above) $108.04.
TVC:DXY
by dailytaguy
The dollar breaks an uptrend 👌Is the dollar trip over? Is it the beginning of the fall of the dollar? - With the release of inflation data, which came contrary to what the dollar wished, and with what the trader wished. the dollar fell nearly 300 points, heading towards the 107 support. It reduces the rate to 50 percent by the end of this year, and if it continues in this manner, inflation may decline faster and at a higher rate than before. - Everything may happen. We are on the cusp of an annual closure, so please be careful with your trading, and that greed does not take you and not manage risks towards the unknown, please.
TVC:DXYShort
by zaidhatem
1
DXY: A MOVE WE ALL WISH FOR.Hello guys, here's an update on DXY in 2 days timeframe. The US dollar index is currently holding long-term support ever since early 2022. In this span of 10 months, we have seen the DXY bounce back making a higher high. This allowed DXY to form a nice rising wedge pattern and now once again we come to the point where DXY will either bounce back or break down. I wish DXY could play out according to the chart because this will mean a good green rally incoming in the crypto market. A bounce, on the other hand, will show some more bearish moves and will lead the market to drop further low. I am anxiously waiting for a breakdown. Will it happen now or after one last bounce? To know the answer, we will have to wait for the next weekly candle to close. I hope this update is helpful for you all. Trade safely.
TVC:DXYShort
by Dexter_The_Trader
5
DXY Daily TA Neutral BearishDXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% DXY, 60% Cash. * The US October Employment Situation today reported 261k nonfarm payroll jobs added (vs 250k expected), a 0.2% increase in unemployment and a 62.2% labor force participation rate. These numbers hardly reflect monetary tightening (labor force participation rate has remained largely unchanged since Covid-19 lockdowns) nor a recessionary environment. If CPI comes in lower on the 10th it will likely help soften the Fed's stance on inflation but as it stands now, the Federal Reserve is likely to increase the funds rate by another 75bps in December. If CPI comes in higher on the 10th, 100bps would likely be on the table come December 14th. The Russia/Ukraine grain deal that Putin resumed this past Wednesday will expire on 11/19/22 and there have been no commitments to extension thus far. Chinese stocks are in rally mode as rumors regarding a reopening from Covid restrictions are beginning to circulate. Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently trending down at $110.78 and is still technically testing the 50MA at $111.15 as support. Parabolic SAR flips bearish at ~$109.61, this margin is bearish at the moment. RSI is currently trending down at 45.84 with no signs of trough formation and is on the brink of losing both 49.10 support and the uptrend line from July 2020 as support; the next support is at 39.43. Stochastic is currently on the verge of crossing over bearish as it tests 68.24 resistance. MACD remains bearish after a failed bullish crossover and is currently trending down at 0.035 as it approaches a potential retest of -0.065 support. ADX is currently trending down slightly at 13.70 as Price continues to try to push higher, this is mildly bearish at the moment. If Price is able to bounce off of the 50MA as support then it will likely retest the local-high of ~114 as resistance . However, if Price continues to break down here, it will likely retest $110 minor support . Mental Stop Loss: (two consecutive closes above) $111.20.
TVC:DXY
by dailytaguy
20 REASON FOR SHORT DOLLER INDEX1 Structure analysis time frame DAILY 2 target time frame :DAILY 3 Current Move : IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BEARISH 4.2 entry move : RETRACEMENT 5 Suppot resistence base : H1 ORDER BLOCK BLOCK 6 FIB: DISCOUNTES AREA 7 candle Pattern: MOMENTUM ENGULFING 8 Chart Pattern: RISING WEDGE BREAKOUT 9 Volume : DRIED 10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS 11 Volatility measure bollinger bands: POSSIABLE DIVERGENCE MOVE 12 strength ADX: BEARISH 13 Sentiment ROC: STRONG BUT ITS A DAILY CORRECTION 14 final comment : GOING DOWN FOR A FINAL TARGET 15 : decision SELL 16 Entry: 110.540 17 Stop losel: 111.090 18 Take profit: 108.260 19 Risk to reward Ratio: 1:4 Excepted Duration : 4 DAYS
ICEUS:DX1!Short
by Optimum369
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 25% DXY, 75% Cash. * 50MA RESISTANCE TEST. Both PCE price index and Core (without food and energy) for September saw the same increase from the August report , with PCE increasing 0.3% from August and Core increasing 0.5%. Though some may see this as plateauing, it's a bit premature and doesn't negate the fact that PCE is still increasing. Federal funds rate traders are still betting on a 75bps rate hike next Tuesday. The first GDPNow US Q4 GDP estimate is 3.1% ; the last Q3 GDP estimate was 2.6%. DXY, US Treasuries, Cryptos, Equities, Equity Futures and GBPUSD are up while Commodities, CNYUSD, JPYUSD, EURUSD and VIX are down. Key Upcoming Events: 2nd GDPNow US Q4 GDP estimate 11/01; FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently trending down at ~$110.70 after getting rejected by the 50MA at ~$111 as resistance on the first test, the next support (minor) is at ~$110. Parabolic SAR flips bullish at $113.45, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 46 as it approaches a test of the uptrend line from July 2020 as resistance at ~47, if it's able to break above then it will likely test 49.10 minor resistance. Stochastic crossed over bullish in today's session after bouncing off of 9 support, the next resistance is at 24. MACD remains bearish and is beginning to show signs of trough formation as it tests -0.065 support. ADX is currently trending down slightly at 15 as Price continues to fall, this is mildly bullish at the moment; if ADX doesn't form a trough and Price keeps falling, this would imply that the bull run isn't over. If Price is able to breakout above the 50MA at ~$111 as resistance then it will likely retest the 1-month high of $113.95 as resistance . However, if Price continues to trend down here, it will likely retest $110 minor support . Mental Stop Loss: (two consecutive closes above) $111.
TVC:DXY
by dailytaguy