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DXY INDEX TUTORIAL 📉📉📉🎯 DXY - USD Index USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term perspective. 🎯 DXY has two correlations one of them is positive meaning the certain assets moves like DXY and negative corelation meaning certain assets move exactly vice-versa. ✅ DXY Positive Correlations DXY ⬆️ USDCAD ⬆️ USDJPY ⬆️ USDCHF ⬆️ USDRUB⬆️ USD XXX ⬆️ ✅ DXY Negative Corelations DXY ⬆️ EURUSD ⬇️ GBPUSD ⬇️ AUDUSD ⬇️ NZDUSD ⬇️ From a technical standpoint to have a better probability in your trades try to find entries when both DXY and for example USDCAD are in long poi (point of interest) this will increase your chance of having profits as you use inter-market correlations
TVC:DXYEducation
by AnonimFXRO
DXY - Support and Resistance - Reversal? UpdateThis is an update to my previous DXY publication. Hopefully easier to read. On May 22nd of 2021, we had a very clear long signal that took us directly up to a clear area of heavy resistance with overlapping TD sell zones after a TD9 weekly sell. Now, we should watch for consolidation to attempt to push up to one of the resistance lines or a lower high, which will likely send us lower. Here we should gain insight as to what the crypto and equity markets will do.
TVC:DXY
by BMoom
DXY | The last target for climbing📍Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain. Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag. So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d. From wave d, wave a continues to form. Wave a forms wave 1 and 2 and we are now inside wave 3. From wave 3, the 1, 2, 3 and 4 microwaves were completed and, as we said before, an ascent was formed for wave 5. We think this wave forms its three microwaves and needs a correction and an ascent to complete. If the correction moves beyond the bottom of the canal, the ascending phase has probably changed to descending, and it is necessary for the green dot to be broken to continue the ascent. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
DXY- On its way to 102? (weekly outlook)Since 2008 low from 72, DXY has traded upwards, and after 2015 break of 90 resistance, this zone has become a strong support, with the price reversing from here in 2018 and twice in 2021. Recently the price also has broken above 95 interim resistance and seems determined to challenge 102 resistance. Looking at the "power" of USD this 4% rise is very probable to happen by summer and swing traders can look to sell USD pairs like EurUsd, GbpUsd, NzdUsd, and AudUsd. P.S: This is a clear example of Gold positively correlated with USD. So, don't trade the correlation (or what you think it is), trade the asset!
TVC:DXYLong
by Mihai_Iacob
4
DXY US Dollar: Historical ComparisonToday 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 1995-2002 with the Price, RSI and MACD resembling the current price, current RSI and current MACD. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price to see where the top may be before a reversal. Shockingly that price range is very close to my DXY price on the January 27, 2022 Idea I showed. Check that chart out as well! 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:DXYLong
by MillionaireEconomics
4
DXY (US DOLLAR INDEX) AT THE SUPPORT.Welcome members to this important update on DXY in 2 hours timeframe. I am posting this chart on DXY because one of my members mentioned DXY in the comments section and I thought of sharing it with all of you. So, if you guys have queries about any particular coins to tokens then do let me know. I will be more than happy to help. Well, coming back to the chart. The DXY looks pretty interesting here and I guess you all should know about this. BTC and DXY are correlated with each other. Since the beginning of Bitcoin's trading, one can notice a negative correlation between the BTC price with the DXY. If the DXY price falls, BTC rises – and vice versa. It is similar to USDT dominance when we compare it with BTC but the chart of USDT dominance and DXY is completely different. Ok, so, here's the current status of DXY. DXY has been forming a bearish rising wedge pattern (correct me if I am wrong) and the current price is at the bottom trendline which means either it will bounce from here or break down. We may possibly see one more bounce towards the upper trendline but can't expect much volume and eventually a rejection towards the lower trendline. The RSI is falling weak which is another sign indicating DXY to be bearish. So, the confirmation point will be the lower trendline and that will be the key area to look into. What do you think about the US Dollar Index? Share your views in the comments. Like and follow for more interesting updates. Thank you and trade safely.
TVC:DXYShort
by Dexter_The_Trader
2
DXYas I said on last weeks .. DXY still keeps the premises of forming a pattern that it has been following since May 2020! ...as I analyzed ... DXY rejected from the 94500 area and closed over 95150 from where it climbed to the target proposed by me ... 96400! THIS WEEK... as I analyzed last week, DXY hit my 96400 target from where it rejected! In the next period I will try to play between 95100-96700 until the first closing outside this area NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
Clear skies ahead for the DXY.The DXY looks set to continue to trade in a ranging motion to the upside as this is a historically messy region. It is likely that the price will continue to trade in a random walk manner with no clear direction until it breaks out of the 95.8 to 97 range. My guess is that it will break to the upside for the final wave 5 impulse so look out for that. I'd cautiously long the DXY at these levels, otherwise a larger entry on a pullback or entry on a breakout would be much preferred.
TVC:DXYLong
by IkanBilisCapital
DXYThe weekly price chart below shows the U.S. Dollar Index printed a small bullish pin bar last week, as the price continued its consolidation between the support level at 12086 and the resistance level at 12293. The price is obviously consolidating but there is still a long-term bullish trend in force, with the price higher than where it was 3 and 6 months ago. If the support level at 12086 continues to hold, the long-term bullish trend will be likely to resume. Overall, it seems clear we still have bullish picture in the USD over the long and medium terms, but in the Forex market the greenback may not be the main driver of prices right now. It may be a better time to trade currency crosses not involving the USD.
TVC:DXYLong
by SmoothJB
One more drop before Take Off??Hi Traders, Friday's volatility caused some massive sell offs across the board, especially with JPY pairs. The US dollar gained some momentum but in my opinion, it's short lived. We had a strong Impulsive push down from the upper boundary of the ascending channel and now price has sinve been consolidating which I feel will drop to the previous low before heading to the mid 97.00 range. Anything can happen, follow your trading plan and trade safe. Comment below and share your view on this pair! Click the like button if this helps you!
TVC:DXYShort
by ktlfx