Mind-Blowing Surge: US Dollar Skyrockets 5000% against Argentina
I come bearing astonishing news that will undoubtedly leave you stunned and intrigued. Brace yourselves for a mind-blowing revelation: the US dollar has soared an unprecedented 5000% against the Argentina peso!
Yes, you read that correctly! The US dollar's monumental surge against the Argentina peso has sent shockwaves through the forex market. This staggering increase has left many traders astounded, and rightfully so. It is a testament to the volatile nature of currency fluctuations and the potential opportunities that arise from such dramatic shifts.
As we witness this extraordinary event unfold, it is crucial to consider the implications and potential ramifications. Countries like Argentina, grappling with economic uncertainties, are now contemplating the adoption of the US dollar as a viable alternative. This development has sparked a flurry of discussions among economists and policymakers, drawing attention to the stability and strength of the US dollar in tumultuous times.
In light of this monumental shift, I urge you to carefully evaluate the potential benefits of including the US dollar in your forex strategies. One effective way to gauge the US dollar's performance against a basket of other major currencies is by monitoring the Dollar Index (DXY). This index, which measures the dollar's value against a weighted average of six major currencies, can provide valuable insights and assist in making informed trading decisions.
Considering the recent surge of the US dollar against the Argentina peso, keeping a close eye on the DXY becomes increasingly pertinent. By doing so, you can stay ahead of the curve and capitalize on potential opportunities that arise from countries considering the adoption of the US dollar.
So, fellow traders, let us seize this moment of surprise and possibility. Explore the potential of the US dollar, leverage the power of the DXY, and stay one step ahead in the ever-evolving forex market.
Dxyidea
DXY Analysis 4July2023This analysis is still the same as the last analysis, I am still bullish for this analysis. the price is currently at support, with several signs of rejection candles, there is a possibility of continuing the bullish trend again. if the price drops from support, there is a high probability that the price will retest the SnD area below.
DXY 29June2023DXY analysis is still in accordance with the analysis some time ago, still in the a-b-c correction period. if we pull the fibo extension, from wave a to wave b, we can know the forecast of wave c will end.
fibo extension 1.618 is adjacent to the SnD H4 area. it could be that the price is heading in that direction.
DXY 23June2023DXY's journey since the last analysis is still in accordance with the roadmap, now there is a change in the character of the trend. there is a possibility of reversal. the price has broken the trendline resistance and formed a new high.
Currently the price is moving close to SnD and is still held by the trendline, there is a possibility of a retrace. when the price drops but does not fall deeper than the invalid area, then the possibility is positive for bullish.
DXY 10June2023the analysis a few days ago went well, the price went to the trendline and now looks rebound. the biggest possibility is that the price will still go down in the direction of the black arrow. if you see the bearish trendline responded positively at that time, it could be that the price will respond positively again when approaching the trendline.
DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
DXY brief gain to the resistance area 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support ✔️
if
the price doesn't break the support zone to the downside, we can see more gain 💣🚀
otherwise
we can see more correction ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
DXY 3June2023You can see the note that I gave on the chart, the possibility of wave 4 happening later. I still believe DXY will remain bullish as long as the price does not fall deeper than the invalid area, there is a possibility that DXY will fall more than that, but there is a certain limit to how deep the price will fall.
💡DXY Index Growth Signs💡Hi, everyone👋.
🔹As you know, it is better to start with higher time frames for chart analysis; one of the most important analytical time frames is the weekly time frame.
🔸In order to have a better view of the next week's trend of the DXY index, it is better to analyze the DXY Index chart in the weekly time frame.
🔹One of the analysis methods that can help us is candlestick patterns (Candlestick patterns are more valid in higher time frames).
🔸As I have specified in the chart, we can see the Tweezer Bottom and Bullish Engulfing reversal patterns at the same time in the support zone, and even last week's candlestick can be considered a confirmation candle of these patterns.
🔹In addition, In addition, if the growing movement of the DXY index toward the resistance zone is high, there is a possibility of forming a valid Double Bottom pattern in the weekly time frame for DXY.
🔔I expect the DXY index to have an upward or at least neutral trend in the next two to three weeks. (I have outlined the scenarios that may happen to DXY in the chart).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, Weekly time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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