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Dxyshort

Dollar Index (DXY) still in uptrendsAccording to the DXY market chart, the uptrend continues, as it has since 1981. According to the GDP growth data of 1980 to 1982. GDP was negative for six of the 12 quarters. The worst was Q2 1980 at -8.0%.24 Unemployment rose to 10.8% in November and December 1982. It was above 10% for 10 months. From 2020 to 2022, the GDP was negative for four of the eleven quarters. Q4 of 2022 is pending, but the overall GDP situation is the same; the rate hikes are higher to combat inflation. In 2020, unemployment during the COVID period was 14%, but overall after COVID, it was around 3.7%. The market structure of DXY says the recent decline of DXY is a market uptrend signal. The support level is from December 1981 and the resistance is the same as in August 1981.
TVC:DXY
by humairqureshi
2
AW US Dollar Analysis - Expect Lower Prices From Here...Due to an interest in the potential bullish price action in the Aussie dollar I thought it would be a good idea to analyze this chart at the smaller degree. If this analysis is accurate, then we should see the US Dollar fall from current levels. This will likely also pull crypto prices higher: eventually. Of course, we are dealing with probabilities anytime we analyze a chart, but I also did the same in 2020 when the DXY was declining. The same concepts apply here but this time the waves are easier to read due to the same type of 5-wave move expected in the EURUSD. If you don't know what I mean by that I will link the "examining the correlations" video down below along with the latest Aussie Dollar idea. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
TVC:DXYShort
by AriasWave
1
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 10% DXY, 90% Cash. * DEATH CROSS WATCH . Final US Q3 GDP estimate was +3.2%, compared to a decline of -0.6% in Q2 , and was primarily led by upward revisions to exports, nonresidential fixed investments (IP and equipment) and consumer spending. The latest GDPNow US Q4 GDP estimate was 3.7% on 10/23 , with the next estimate due on 01/03/23. Russia announced a ban of oil sales to any countries or companies abiding by the $60 price-cap imposed by the G-7 (+ Australia) . North Korea sent 5 reconnaissance drones into South Korea and SK failed to hit any of them in their defensive counter-assault . Bank of Japan's Governor Kuroda expressed that the latest BOJ move to allow their 10-year bond yield to rise to 0.5% from 0.25% shouldn't be viewed as an "exit" from their ultra-loose monetary policy and that they maintain a 2% inflation target , although investors are now betting on a higher likelihood of a departure from negative interest rates come next April when Kuroda's second 5-year term comes to end. The Treasury General Account and Reverse Repos seemed to have found a short-term floor and are expected to continue rising, which poses a threat to the Fed balance sheet but a bullish catalyst for US Treasurys, and lesser so for DXY. A continually rising Fed funds rate which is expected to top out at 5.1%-5.2% at the moment also acts as a bearish catalyst for Risk-On markets and bullish for US Treasurys, and lesser so to DXY. A main reason why DXY has been going down recently is due to a bounce in EURUSD, JPYUSD and GBPUSD; along with inflation coming down and a terminal Fed funds rate being anticipated in 2023. Energy, US Equity Futures, DXY, Short-Term US Treasurys, VIX, HSI, N100, EURUSD, JPYUSD, GBPUSD and CNYUSD are up. US Equities, Cryptos, Long-Term US Treasurys, Metals, Agriculture and NI225 are down. Key Upcoming Dates: Next GDPNow US Q4 GDP Estimate 01/03; S&P Global Manufacturing PMI at 945am EST 01/03; FOMC Minutes at 2pm EST 01/04; December US Employment Situation at 830am 01/06. * Price is currently trending sideways at ~$104 as it nears a retest of the uptrend line from May 2021 at $103.15 support for the first time since February 2022. The 50MA is currently trending down at $107 as it approaches a seemingly inevitable Death Cross if it is to cross below the 200MA at $106. Parabolic SAR flips bearish at $103.85, this margin is bearish at the moment. RSI continues to trend sideways as it tests 39.43 resistance for the ninth consecutive session. Stochastic remains bearish but is on the verge of crossing over bullish just below 86.26 resistance. MACD remains bullish and is currently testing -0.832 resistance with no sign of peak formation at the moment. ADX continues to trend sideways at ~31 for the tenth consecutive session as Price continues to trend in a tight range for the same amount of time as it forms a Symmetrical Triangle, this is neutral at the moment. If Price is able to breakout here then it will likely retest the 200MA at ~$108 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from May 2021 at $103.15 support . Mental Stop Loss: (one close above) $105.
TVC:DXY
by dailytaguy