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Dxylong

DXY Weekly Analysis Here's the corrected version: Last month, we anticipated that the #DXY price would continue to be bearish and take support liquidity from Mon 10 Jul '23. However, the fundamentals contradicted last month's analysis as the #DXY strengthened again after inflation rise and the Fed announced they would keep interest rates fixed until the next meeting. It's probable that we will see a Bullish trend in DXY this year if there's no decrease in inflation or interest rates. This highlights the importance of fundamentals in this quarter. From a technical perspective, we observe weakness in breaking the support liquidity in #DXY, indicating that it will likely rise again and target Mon 02 Oct '23 for short-term liquidity. For the long term, we anticipate the price will reach a fair value in the MON 07 Nov '22 liquidity gap as the long-term target.
TVC:DXYLong
by Deotrade1
Emerging Markets Struggle as the Mighty Dollar FlexesThe recent strength of the US dollar is posing a significant challenge for emerging markets around the world. Their currencies are weakening, creating a ripple effect across their economies. This article explores the reasons behind the dollar's dominance, the impact on emerging markets, and potential policy responses. A Rising Dollar: The Driving Forces The US dollar has been on a tear in recent months, appreciating against most major currencies. This surge can be attributed to several factors, including: • US Federal Reserve Policy: The Federal Reserve's aggressive interest rate hikes aimed at curbing inflation are attracting investors seeking higher returns on dollar-denominated assets. This increased demand strengthens the dollar. • Global Economic Uncertainty: As concerns about a global economic slowdown grow, investors flock to the perceived safety of the US dollar, seen as a safe haven asset during times of turmoil. • Geopolitical Tensions: The ongoing war in Ukraine and heightened tensions between the US and China are further fueling risk aversion, pushing investors towards the dollar. Emerging Markets Under Pressure The rise of the US dollar presents a major headache for emerging markets. Weakening local currencies lead to several problems: • Imported Inflation: When the local currency weakens, the cost of imported goods rises. This can exacerbate inflation in emerging markets, which are already grappling with rising prices due to global supply chain disruptions. • Debt Burden: Many emerging market economies have significant dollar-denominated debt. A weaker local currency increases the cost of servicing this debt, putting a strain on government finances. • Capital Flight: The strengthening dollar can trigger capital outflows from emerging markets as investors seek better returns elsewhere. This can lead to currency depreciation and hinder economic growth. Policy Responses: Verbal Intervention and Beyond Emerging markets are not sitting idly by as their currencies weaken. Several are exploring policy options to counter the dollar's might: • Verbal Intervention: Central banks in some emerging markets, like Malaysia, have resorted to verbal intervention, signaling their commitment to supporting their currencies. However, this approach has limited long-term effectiveness. • Interest Rate Hikes: Some central banks, such as Brazil, are considering raising interest rates to attract capital inflows and stabilize their currencies. However, this risks slowing down economic growth. • Currency Intervention: Central banks may intervene directly in the foreign exchange market by selling dollars and buying local currency to prop it up. This approach can be expensive and depletes foreign exchange reserves. JPMorgan and ANZ Weigh In: The Need for More Tools Financial institutions are also analyzing the situation. JPMorgan Asset Management suggests that more verbal intervention may be necessary from emerging markets to manage volatility. However, analysts at ANZ bank believe that China, a major emerging market with significant influence, may need to deploy a wider range of tools, potentially including capital controls, to limit the depreciation of its currency, the yuan. Looking Ahead: A Delicate Balancing Act The coming months will be critical for emerging markets. Central banks face a delicate balancing act, trying to tame inflation without stifling economic growth. The strength of the US dollar will be a major factor influencing their decisions. The ability of emerging markets to navigate this challenging environment will have a significant impact on the global economic outlook.
TVC:DXYLong
by bryandowningqln
Major clues in USD indicate Bear market Late summer/ early fallHi guys. When trading its always important to learn/educate to find an edge on the markets. There are so many charts you can access to analyze/compare, etc. Its known that many ticker symbols can be used in certain ways to help understand markets in a deeper way. The DXY or U.S. Dollar Index is an asset that i use to assess Risk mentality. So keeping it simple: If dollar RISES -> it indicates a RISK OFF mentality -> so people leave risky investments to enter the safety that is cash If dollar FALLS in price -> it indicates a RISK ON mentality -> this means peoplpe are leaving the safety of the dollar to take risk in other investments. Im bringing you this analysis to assess the health of the broader markets and whether or not we are at risk of a down fall/ recession especially with tensions significantly rising in the Middle east. So jumping right in. I got 3 Red resistance trend lines drawn. This trendline, in part reflects Bull runs in broader markets. 2 from past history 1 which is associated with our current Price action. As you can see, this Resistance begins at the TOP price of DXY. Price is then supressed from a certain amount of time, before a breakout back ABOVE. Everytime we have broken the resistance trendline. The dollar starts a massive Bull run when measured: The 1st one lasted about 700 days The 2nd one lasted about 460 days. So the question i asked was how does this relate to the S&P and other markets. Does the breakout above resistance from the start cause drops in all markets? When i looked, i was surprised. Fall in other markets does NOT happen right off the breakout. In fact, when i measured after the resistance breakouts it takes roughly 133-189 days before S&P begins a BEAR market. As indicated by black lines. 1st example it took 133 days after breakout 2nd example took 189 days after breakout. We have recently broken out ABOVE the red resistance trendline. So if you consider previous history, our next Bear market i believe will begin sometime late Summer or early Fall. Now remember previous history does not have to repeat. It just helps us find patterns and consider things. It is however possible, if actual war does breakout. Things may change, as it would be considered a Black swan event. However, until it happens this is the likely scenario in my OPINION. Our current movements i think is just a pullback before continuing higher. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on DXY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
TVC:DXYLong
by SafofAllTrades
DXY Still have some move to the upside**Monthly Chart** Last month's candle closed bullish and as a key reversal to the upside indicating a continuation move of DXY to the upside at least to 106 level and balancing monthly engulfing levels at 107. This tells me that other pairs such as EURUSD & GBPUSD still have room to move lower to the discount zone (extreme demand zone) before deciding to move higher. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** There is a weekly High at around 105 level followed by a liquidity pool imbalance between 106 and 107 level. These levels will be critical for DXY if it wants to break to the upside. However, last week candle closed as doji (indecision) which was due to low movements in the market last week. **Daily Chart** Last week move was only a continuation of the upswing of the previous week which coiled near the MC candles of 14 Feb 2024. I will be watching the market reaction near the weekly high and look for a sign to suggest the next move for other pairs against USD.
TVC:DXYLong
by PropSignals
1
📈DXY Daily Long Scenario / A Bearish Week Waiting For Gold?📉TVC:DXY FXOPEN:DXY Hello dear traders. ⚡️ In this post I will track the DXY movements from 12 Apr - 18 Apr. 📈 What to Expect? 💡As long as DXY is above the midline of the pitchfork structure, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. ⚠️Important Note⚠️: The price movement has been drawn a little wider than the actual movement to make it better visible. The actual price trend is likely to be faster. Do not hesitate to ask any question about the analysis. CrazyS
TVC:DXYLong
by CrazyS
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TVC:DXYLong
by Asif_Brain_Waves
DXY Index Is Ready to Go Up🚀✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴. 📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern . 🔔I expect the DXY index to rise to at least 🟡 Potential Reversal Zone(PRZ) 🟡. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
3
DXY is rising, target 106.5 (3/25/2024)Hello Traders After the FED interest rate decision, USD markets faced some volatility, now it seems the DXY market has decided its direction. DYX had an upward momentum from "28 Dec 2023" until mid of "Feb 2024", we faced some correction after that until 8 March when NFP and Unemployment news were released. Since then DXY has been rising slowly but surely, We expect this bullish momentum to stay alive until mid of "April 2024" with a 106-106.7 target. DXY has made an AB=CD pattern. The AB leg and the BC leg have been made, so we believe that the market right now is going to build the CD leg. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
ICEUS:DXYLong
by fortunamarkets
2
💡 DXY: Forecast Next week💲DXY: Last week, DXY had a surge after the FOMC meeting and reached its highest level of the week around 104.2. Regarding technical analysis, we can see that DXY has broken through the Downtrend line and the key level 103.5 - 103.7. With this development as well as the strong increase in the last 2 days of the week, I will appreciate the upward trend for DXY for the new trading week. The target area for DXY will be the next key level area 104.5 - 104.7. You can wait for DXY to back test the trendline and key level around 103.7 and create a reversal signal to continue buying positions.
TVC:DXYLong
by Stone_Haven