DXY LongDXY Long.
Dxy is action to the resistance so maybe we retrace before starting the long
trend line.
Dxylong
DXY H1 / EXPECTING A BEARISH DOMINATION UNTIL FVG 📉Hello Traders!
I expect a retracement of DXY until the FVG.
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DXY: Morgan Stanley changes USD forecast to neutral following FeMorgan Stanley updated its outlook for the US dollar, moving to a neutral stance, a significant shift from its previous forecast of an 8% gain in the Dollar Spot Index in the fourth quarter. two of the year. The adjustment comes as a response to the Federal Reserve's recent dovishness and the resulting decline in Treasury yields.
The bank recorded a slight decrease of 0.2% in the Dollar Spot Index, causing its currency strategy to be reevaluated. Due to evolving economic conditions, Morgan Stanley strategists have now advised clients to stay away from short positions in the eurodollar.
Instead, they recommend shorting the euro against the yen, positioning for potential currency fluctuations in the current market environment. This guide shows a strategic pivot in forex trading, in line with the latest economic indicators and central bank policy direction.
#dxy #elliottwave long 23Dec23This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY retrace for another bearish impulseSup, I think dxy is going to retrace christmass and new years week, and after the holidays it's going to continue the selling pressure.
Why? Because market needs liquidity in this time and where is more likely to find it? Going for Stop hunts on previous sell areas.
Also is end of year and a lot of banks and hedge funds are taking profits from USD shorts.
DXY H1 / BULLISH DOMINATION ON US DOLLAR💲Hello Traders!
This is my perspective on DXY H1. I see US DOLLAR very strong in the next few days. That's why I'm looking for a short entry for GBPUSD. The H1 chart shows a change of structure, and I expect an increase until the OB from the price of 102.350. Also, below this price, we have an FVG (fair value gap) or liquidity.
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USD Holds Near 5-Month Low on US Inflation ConcernsIn a fragile holiday trading session on Tuesday, the US Dollar Index remained at 101.6, hovering close to its lowest point in five months. This comes as additional signs of declining US inflation reinforce bets on the Federal Reserve initiating interest rate cuts next year.
Published data on Friday revealed that the core PCE index, the Fed's preferred inflation gauge, dropped to 3.2% in November from October's 3.4%, below the anticipated 3.3%.
Moreover, Thursday's figures showed weaker-than-expected economic growth in the US for Q3, along with a slight increase in unemployment benefit claims in the recent period.
The US dollar trades near multi-month lows against major currencies, facing the risk of further depreciation compared to the yen. This concern amplifies as BOJ Governor Kazuo Ueda stated on Monday that the likelihood of achieving the 2% inflation target is "gradually increasing."
📈💪 DXY at Support: Bullish Path to 106 & 112 Targets 🎯🚀It seems like traders and investors are showing a preference for holding cash, as precious metal prices, cryptocurrencies, and the US30 are all experiencing major resistance. This could suggest a lack of confidence in the current market conditions. However, on a positive note, the DXY and UUP have managed to find support on the 3-weekly chart, indicating that some investors are still bullish on the US dollar.
UUP 3 weekly finds support:
Target 1: 106
Target 2: 112
#dxy #elliottwave long 20Dec23This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
🗺️DXY Index Roadmap🗺️🏃♂️The DXY index has been moving in the Descending Channel for over two months .
🌊According to Elliott's wave theory , the DXY Index is near the end of the main wave 5 .
🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame , we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5 .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect the DXY Index to start rising after touching the 🟢 Support zone($101.30-$100.80) 🟢, Support lines , and 🟡 Price Reversal Zone(PRZ) 🟡 and complete the main wave 5. The increase of the DXY index can fill the upper 🔵 GAP 🔵 and attack the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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.
#dxy long 15Dec23 #elliottwave wavec/bThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
MTR potential in DXY...DXY is on support and has chance to make a double bottom and goes to moon.
On my view, DXY still strong and will fly again.
Trade safe.
Good luck.
DXY and 14 Levels: Understanding the Currency Pair's TargetsWhile Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households, businesses, and financial institutions.
Himino then guides us through four stages of development, covering price fluctuations, labor costs, buying and selling prices, and wages.
Remarkably, as BOJ has demonstrated since 2016, Himino dismisses the Wages/Prices concept in stage 1, where uncontrollable prices arise from the West through imported inflation and market changes in oil prices. How to control imported inflation and oil prices without imposing an advanced concept like Autarky on Japan's prices.
As Himino points out in some cases, the complexity of Wages, Prices, and satisfaction to prevent deflation may never materialize.
Throughout the speech, Himino states that if the concept of wages/prices is satisfied, questions about monetary easing must be reconsidered.
Whether intentionally or not, Himino throws USD/JPY and cross-currency pairs into the mix.
A worrisome aspect of Himino's speech is how a speculative speech turns into psychological reports on negative interest rates, ultimately BOJ's most important December policy, the end of monetary easing.
Currency analysts and outspoken figures on leading websites in our era reveal that they can no longer fix it.
Stage 1: Businesses reflect higher import prices in selling prices.
Stage 2: Businesses reflect a higher overall price in wages.
Stage 3: Businesses reflect higher labor costs in selling prices.
Stage 4: Business price policies become more diverse, enabling them to explore strategies for selling more attractive products and services with corresponding prices rather than just good products and services at low prices.
Himino's Speech: A Deep Dive into Currency Pairs and Targets In a significant monetary policy speech, Himino introduced pivotal assumptions for wages, prices, and the prolonged dual downturn. The narrative explored how the concept of Wages/Prices might depart from what he termed a frozen state. Himino delved deeper into understanding and reviewing wages and prices concerning Japanese households, businesses, and financial institutions.
He guided us through four developmental stages involving price fluctuations, labor costs, buying and selling prices, and wages. Notably, in stage 1, Himino acknowledged the complexity of controlling imported inflation and oil prices without imposing a progressive concept like Autarky on Japan's prices.
Throughout the speech, Himino asserted that if the Wages/Prices concept is met, questions about monetary easing must be reexamined. Interestingly, Himino tactfully connected his speech to the USD/JPY movement and cross-currency pairs.
A notable aspect of Himino's speech is how speculative remarks turned into psychological reports on the last meeting of BOJ in December, highlighting the importance of the new monetary policy and the cessation of easing. Financial analysts and opinion leaders expressed their inability to repair the situation.
Himino outlined four stages: businesses reflecting higher import prices, businesses reflecting higher overall prices on wages, businesses reflecting higher labor costs in prices, and diversified price policies allowing businesses to explore strategies attractive in value instead of just focusing on low-priced goods and services.
In summary, Himino's speech touched on crucial economic concepts and their implications, sparking discussions on the future of Japan's monetary policy and its impact on currency pairs.
#dxy #usd #dollar is king #bmgih DEPRESSION !! INCOMING !!This count is based on my assumptions so anything can happen not a trading or financial advice just for fun only kindly do your own ta thanks trade with care good luck.
USDJPY Long for scalpChart says all. UJ is trying hard to broke up the trendline. If it succeed (i expect it) it could pump till 149.00, my target to switch short next
DXY Index is Ready to Break the 🔴Resistance zones🔴✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month .
💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴.
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.
DXY - DISCOUNT VS USD?DXY - DISCOUNT VS USD?
In my opinnion, this is just a discount for a possibilty tu long again AUD,EUR, etc..vs USD.
DXY BUY ON DIPS !!!HELLO TRADERS!!!
As we can see DXY has reached @ strong support zone and we are looking for retrace for testing last broken resistance area so i am expecting this support will create a short term buying opportunity so we will see these following TPs will hit our targets its just an a trade idea kindly share ur views and analysis it will help alote of new traders we appreciate your love and support
stay tuned for more updates
🗺️DXY Index Roadmap🗺️⏰(4-hour time frame)⏰🏃♂️The DXY index has been moving in a Descending channel for a month .
🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
💡I expect the DXY index to move towards the upper line of the descending channel and in the first step, we have to wait for the middle line of the descending channel to be broken ( the middle line has already played the role of support and resistance ).
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.
DXY → Further gains likely above 103.57TVC:DXY regains the smile and advances to multi-day highs past 103.70 on Monday.
If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37.
In the meantime, above the key 200-day SMA, the outlook for the index is expected to shift to bullish.
USDJPY Long tradeMy last trade on USDJPY was just bad luck, it touched my SL for nuts and next got back turbo to TP. This time will be different. UJ is consolidating, looks strong enough to continue the rally (for short term, while we are still downtrend on daily)
USD Weakens; Currencies ResilientThe Dollar Index (DXY), measuring the greenback against a basket of key currencies, extended its decline to 103.40 (from 103.75) during the holiday trading session.
The Canadian Dollar (CAD) outperformed, causing USD/CAD to drop by 0.7% to 1.3615, hitting a one-month low. Canada's year-on-year retail sales for September surged to 2.7%, beating expectations of 2.0%.
The British Pound (GBP/USD) rebounded to 1.2605 (from 1.2540), while the Euro (EUR/USD) rose to 1.0942 (from 1.0905). Germany's IFO Business Climate increased to 87.3 in November, beating forecasts but slightly lower than the previous reading of 86.9.
The Australian Dollar (AUD/USD) extended gains to 0.6585 from 0.6560, nearing its three-month high. The New Zealand Dollar (NZD/USD) climbed to 0.6085 (from 0.6045) on strong sentiment from Australia and risk appetite.
Against the Japanese Yen, the U.S. Dollar (USD/JPY) dipped to 149.45 from 149.65 in subdued trading. The greenback closed lower against Asian and emerging market currencies.
USD/CNH (Dollar-Offshore Chinese Yuan) dropped to 7.1475 from 7.1515, and USD/THB (Dollar-Thai Baht) ended nearly unchanged at 35.40 (from 35.43). USD/SGD fell to 1.3405 from 1.3420.
Global bond yields rose, with the 10-year U.S. Treasury yield reaching 4.47% (from 4.40%). The 2-year U.S. Treasury yield increased to 4.95% (from 4.90%). Germany's 10-year Bund yield rose by 3 basis points to 2.64%, and Japan's 10-year JGB yield spiked to 0.76% (from 0.71%).
The U.S. stock markets closed stable on Thanksgiving, with the Dow rising 0.27% to 35,383 (from 35,287), and the S&P decreasing to 4,557 (from 4,560). Global equity markets showed mixed performance.
The VIX, measuring U.S. stock market volatility, dropped to its lowest close since January 2020, reaching 12.46, a 2.7% decrease. Increasing expectations suggest that central bank tightening measures have concluded, contributing to calmer stock markets.
