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Dxyforecast

DXY Dollar Index : Tighten your seatbelt, airplane in space 9.5Simple, practical, efficient. We are looking at the highest level since March 2020. A very smart trader once told me - Buy low, sell high. And looking at December 2016, March 2020 - Jackpot would have been hit both occasions with a short position, with 15% down for USD on average both times. Now let's connect that to today. What's similar? The level it self. 103.80-104.50 is the range both times the USD came down crashing, showing strong horizontal resistance in this 5 year window. What else? Extreme stretched MACD showing overbought condition only similar to March 2020 and December 2016. And? RSI 14 on weekly chart shows the most stretched overbought condition since 2015, when DXY came down from 100 to 91 within weeks. Now let's look at the other possibility , a clear breakout higher than the horizontal resistance. This would be a breakout of a very long-term consolidation , which would mean the beginning of a new up-trend that could take the USD to highs only seen before 22 years ago and before than the mid 80's. Is this probable considering the extreme overbought condition across big and short timeframes? Is this probable considering the highest national debt in history by far? Is this probable considering the tech bubble burst? Is this probable considering the worst inflation in 40 years? Is this probable considering the rate hike is already priced in? And the list goes on and on. Make an informed decision, don't buy expensive. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! If you found my idea useful please like and follow, it would mean a lot for me. My target is to help as many traders as possible, please comment and let me know what would help you most. I promise to respond to everyone with detail, thanks again :) -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ICEUS:DX1!Short
by Exactus
3
US Dollar RetracementThe US Dollar Index (DXY), which tracks the greenback versus a bundle of its main rival currencies has ended the week bearishly confirming a reversal candlestick (Bearish Engulfing) after sliding by 1.34% throughout the week. The weekly chart shows the potential for a retracement, even within the ongoing trend, the next support lines up at 102.65 (weekly low May 19) followed by 102.35 (low May 5) and then 99.81 (weekly low April 21). The dollar and gold have been well proven to be safe-haven support from the negative impact of the worldwide negative pressuring factors. The US dollar has also benefited from a special bid due to technology stocks. That bubble is bursting at the moment and it will draw money out of the US during the next wave of investing, which will be in value stocks.
TVC:DXYShort
by AlyaAkram
DXY: 1M Chart ReviewToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop may give the crypto and equity markets a chance to move higher for a bit. I've been calling on the price of the DXY to go higher since November 2021: When zooming out, the US Dollar price looks very bullish in the long-term. This is a monthly chart so please be patient with price action. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
TVC:DXY
by MillionaireEconomics
4
U.S. Dollar the Bull in a field of Bears - USD longThe U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro, Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona. The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets. USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR. The US will likely be able to avoid a recession and a stronger economy. So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
TVC:DXYLong
by CarpeMomentum
Will DXY break above very important resistance?(long term view)Since 2015, USD Index is trading in two ranges: one between 92 and 100, and the large range boundaries, between 90 and 104. After a strong and clear break in mid-April of 100 resistance, DXY has accelerated its gains and now is trading exactly under 104 resistance. If you also look at the daily chart you can see that a small triangle is forming under this resistance, giving us the idea that a break up is imminent. I expect another 10% rise for DXY to around 115 and only if the index falls back under 100 I will change my very strong bullish outlook for the Dollar
CAPITALCOM:DXYLong
by Mihai_Iacob
4
DXY - MARKET OVERVIEW DXY - MARKET OVERVIEW DXY moved parabolic for the most of this month and smashed yearly highs, this is being fuelled by the conflict in Europe but also the FED HIKE RATE event where they expect to print 50 bias points. This is bullish for the dollar and has been a driving factor but price has gone up so much which a correction it's becoming unstable. If the 50 bias points is printed I'd expect a big spike in DXY before a mid term bear cycle as price is already well and truly factored in, it's a waiting game from here and I am sticking to my bias. Make sure you use the link below to follow us more closely! ------------------------------------------------------------------------- Pip count this week 💰🏆+1035 pips WTI SHORT / 74 pips ✅ GBPUSD LONG / -26 pips ❌ WTI SHORT / 185 pips ✅ WTI SHORT / -10 pips ❌ GOLD BUY / 70 pips ✅ GOLD SELL / 170 pips ✅ WTI SHORT / 200 pips ✅ GOLD SELL / -30 pips ❌ GBPUSD SELL / 67 pips ✅ GOLD SELL / 30 pips ✅ WTI SHORT / 60 pips ✅ WTI SHORT / 130 pips ✅ GBPUSD SELL / -30 pips ❌ GBPUSD SELL / -15 pips ❌ WTI SELL / -70 pips ❌ WTI BUY / 100 pips ✅ GBPUSD SELL / 20 pips ✅ GOLD SELL / 110 pips ✅ 18 trades taken 12 wins ✅ 6 losses ❌ 66% win rate
TVC:DXY
by UnknownUnicorn33264805
Welcome to 2030, I own nothing have no privacy and it's too lateWorld Economic Forum Nov 12, 2016 5 min read by Ida Auken, Member of Parliament, Parliament of Denmark (Folketinget) Welcome to the year 2030. Welcome to my city — or should I say, “our city”. I don’t own anything. I don’t own a car. I don’t own a house. I don’t own any appliances or any clothes. It might seem odd to you, but it makes perfect sense for us in this city. Everything you considered a product, has now become a service. We have access to transportation, accommodation, food and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much. First communication became digitized and free to everyone. Then, when clean energy became free, things started to move quickly. Transportation dropped dramatically in price. It made no sense for us to own cars anymore, because we could call a driverless vehicle or a flying car for longer journeys within minutes. We started transporting ourselves in a much more organized and coordinated way when public transport became easier, quicker and more convenient than the car. Now I can hardly believe that we accepted congestion and traffic jams, not to mention the air pollution from combustion engines. What were we thinking? Sometimes I use my bike when I go to see some of my friends. I enjoy the exercise and the ride. It kind of gets the soul to come along on the journey. Funny how some things seem never seem to lose their excitement: walking, biking, cooking, drawing and growing plants. It makes perfect sense and reminds us of how our culture emerged out of a close relationship with nature. “Environmental problems seem far away” In our city we don’t pay any rent, because someone else is using our free space whenever we do not need it. My living room is used for business meetings when I am not there. Once in awhile, I will choose to cook for myself. It is easy — the necessary kitchen equipment is delivered at my door within minutes. Since transport became free, we stopped having all those things stuffed into our home. Why keep a pasta-maker and a crepe cooker crammed into our cupboards? We can just order them when we need them. This also made the breakthrough of the circular economy easier. When products are turned into services, no one has an interest in things with a short life span. Everything is designed for durability, repairability and recyclability. The materials are flowing more quickly in our economy and can be transformed to new products pretty easily. Environmental problems seem far away, since we only use clean energy and clean production methods. The air is clean, the water is clean and nobody would dare to touch the protected areas of nature because they constitute such value to our well being. In the cities we have plenty of green space and plants and trees all over. I still do not understand why in the past we filled all free spots in the city with concrete. The death of shopping Shopping? I can’t really remember what that is. For most of us, it has been turned into choosing things to use. Sometimes I find this fun, and sometimes I just want the algorithm to do it for me. It knows my taste better than I do by now. When AI and robots took over so much of our work, we suddenly had time to eat well, sleep well and spend time with other people. The concept of rush hour makes no sense anymore, since the work that we do can be done at any time. I don’t really know if I would call it work anymore. It is more like thinking-time, creation-time and development-time. “They live different kinds of lives outside of the city” For a while, everything was turned into entertainment and people did not want to bother themselves with difficult issues. It was only at the last minute that we found out how to use all these new technologies for better purposes than just killing time. My biggest concern is all the people who do not live in our city. Those we lost on the way. Those who decided that it became too much, all this technology. Those who felt obsolete and useless when robots and AI took over big parts of our jobs. Those who got upset with the political system and turned against it. They live different kind of lives outside of the city. Some have formed little self-supplying communities. Others just stayed in the empty and abandoned houses in small 19th century villages. Once in awhile I get annoyed about the fact that I have no real privacy. No where I can go and not be registered. I know that, somewhere, everything I do, think and dream of is recorded. I just hope that nobody will use it against me. All in all, it is a good life. Much better than the path we were on, where it became so clear that we could not continue with the same model of growth. We had all these terrible things happening: lifestyle diseases, climate change, the refugee crisis, environmental degradation, completely congested cities, water pollution, air pollution, social unrest and unemployment. We lost way too many people before we realised that we could do things differently.
TVC:DXYShort
by axelrodd
5
DXY - start of the Roaring 20sHi there, DXY charts are preparing a massive fall on the Monthly timeframe, we will see new lows for DXY, Currently we are sitting at the top of the Falling wedge, in the last wave (5) at the weekly chart as well, preparing a topping process for a massive fall which will follow for DXY Fundamental reasons for DXY fall- Dollar loosing his "World reserve Currency " as we see examples from Russia, Demanding payments of Gas and Oil in Rubble, this is Showing a change of regime for the Dollar Dollar has been so strong last week, Why? In a last wave and a topping process, market makes sure to Change everyone sentiment , and bias , to that particular currency, in this case the Dollar, a massive move on the upside is turning everyone into Bullish on the Dollar, as it prepares a massive Fall, and when the fall Starts, Nobody will be expecting it, as we saw a massive rally last weeks. Currencies to Long vs the Dollar Mainly , AUD, GBP, EURO, NZD Which Currency will be the next "World Reserve Currency"? From the charts, JPY is suggesting that it will be the next strongest Safe Haven in the incomming Months, So, Prepare to Short USDJPY as well, on this Dollar crash Good Luck!
TVC:DXYShort
by fernandoc17
6
#DXY is giving us a hint for the upcoming move in the market.I'll keep it short and simple. Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level. Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market. The index must close below the red MA for the final confirmation. Although we are at a decisive point, the patterns are indicating a potential bearish move. Invalidation:- Break and close above the upper resistance trendline will invalidate the chart. Let me know what you think. Do consider hitting the like button if you like my content, Thank you. #PEACE
TVC:DXYShort
by Cryptorphic
6