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Dxyforecast

Dollar In ranging, Short expectedNow Dollar index consolidate on108.3-109.3. If breakout then dollar gonna another high to 111.2; If NFP data will negative, Dollar gonna 106.3 and go on. Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price. DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea. Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
TVC:DXY
by mahfuzazim_TA
DXY create bullish Rectangle pattern. So, Short sell, long buy In this situation DXY chart Hopefully create bullish Rectangle pattern . So, market need seems to SELL correction at 108.600 & 108.400 support level. Then Market fully BUY to 109.550 & 110.200 resistance 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
DXY Daily TA BearishDXY Daily bearish. Recommended ratio: 5% DXY, 95% Cash . *Treasuries (excluding the 30 yr Bond) and the Dollar are correcting after a bullish summer fueled by supply chain woes and recession fears. Supply chain woes have not been remediated but there is an element of the Bullwhip Effect that should be considered and that is the excess supply that can come shortly after an abrupt slow down in demand, this could lead to deflation which would naturally (yet artificially) reduce inflation. The recessionary fears on the other hand are starting to wane with every remotely bullish economic data point that is reported, speculators are even already betting on a 50bps rate hike in September. Just today Minneapolis Fed President Neel Kashkari stated that he would like to see EOY FFR at 3.9% and 4.4% by the end of 2023, he doesn't actually have a final vote on this but it's worthy of mention considering he has been rather dovish in recent years. Both money markets and Fed members have acknowledged that the EOY target for FFR in 2022 is 3.25%-3.75% (technically 3.15%-4%), so if the current range is 2.25%-2.5% (current effective rate is 2.3%) it would require 100bps or more over the next three Fed meetings in September, November and December to get to 3.25%-3.75% EOY FFR. As of now the most likely scenarios are: September 50-75bps, November 50-75bps and December 25-50bps. More clarity will arrive at the end of this month with PCE numbers due on 08/26 and the Jackson Hole Economic Symposium on 08/25-08/27. In other news, Disney reported beats on Q3 earnings and revenue but forecasted slower subscriber growth in 2024. Key dates remaining this week: PPI report at 830am EST 08/11 .* Price was rejected by the descending trendline from 07/14/22 and is currently trending down at ~$105.20; it is still technically testing the 50 MA as support at ~$105.58. Parabolic SAR flips bullish at $106.87, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 43 after bouncing at 39 and is still technically testing the uptrend line from July 2020 as support at ~45. Stochastic remains bearish for a third session and is currently testing 24 support with no signs of trough formation. MACD remains bearish and is currently testing 0 support with no signs of trough formation, if it breaks through this support then the next support is at -0.38. ADX is currently beginning to form a trough at 21 as Price continues, this is mildly bearish; if ADX can start trending up as Price continues to fall this would be bullish. If Price is able to defend support at the 50 MA (~$105.58) then it will have to break above the descending trendline from 07/14/22 at ~$105.75 in order to retest $108 resistance . However, if Price continues to break down here, it will likely retest $103 support . Mental Stop Loss: (two consecutive closes above) $105.70.
TVC:DXY
by dailytaguy
DXY reaching 36 years and 8 months old Resistance!!!I do not post traditional market stocks nor do I trade but I found this one somewhat interesting. DXY will soon be reaching its 36 years and 8 months old resistance. Reaching the resistance it has been forming since Nov 1985 (according to the data provided on tradingview) It will be interesting to watch the coming months as the US economy is facing tough situations here. Fall in GDP in two successive quarters. What do you think? How will it affect the stocks in the coming years? I would love to know your views. Let me know if you want me to look into some stocks. Do hit the like button, it helps! Stay safe #PEACE
ICEUS:DX1!Short
by Cryptorphic
7