Bearish Dollar Index? We have been on a strong overall downtrend with the DYX. Currently in a bullish pull back, looking for a trending sell off of the Dollar. All dollar cross pair can be impacted heavily this week! I'm keeping an eye on ETHUSD, BTCUSD, NAS100, AUDUSD & GBPUSD ! A weak dollar can push all my primaries higher! Set your alerts as we approach a trending entry!
Dyx
DXY Quarterly levels to watch20/09/2020 - Dollar is indicating signs it wants to bounce here to the upside in LTF in a short term basis or until we at least hit 94.50s. I will be monitoring what we do at 94.50s on daily as this also provides a decent resistance level for a drop further down to run the low at 88.17. The level 84.79 should also show increase in support and I believe this will be the make or break for the dollar. If this level breaks dollar is really going to go to new lows again in the 70s
$DXY (american dollar) ~ if it increases $BTC will decrease Please give this TA a LIKE 👍
$DXY / $USD
#1: weekly visuals zoomed out (showing 3 validation points ~ with signs of a bounce of an (area of interest zone)
#2: Zoomed in (shows significant buy pressure upon retest)
#3: Four hour perspective ~ shows structural integrity
#4: Found support above trend-line
When $DXY (american dollar) increases in price ~ gold, silver, and bitcoin drop in price.
Should see $BTC below $10,000 by tomorrow.
If you're long $BTC right now just look at the 12 hour candle & stoch rsi/oscillator & tell me that's a good idea.
See you in hell my friends.
$DXY pumping & $BTC (to start dumping) would be my guess if if does continue to hold $0.93 which looks very healthy and strong fundamentally. If we head to $0.94 $BTC will break $9950 & first stop is (cme gap) ~ $9600 USD, followed by $9197.
US10Y-03MY Great Financial Recession, Fractal Comparison. May of last year, I predicted 10-12 months before the inversion would match the time-frame of inversion and un-inversion seen back in 08. Obviously, the catalyst I did not predict, but the underlying fundamentals were there and 12 months later, we are yet to technically be in a recession. Keep in mind, we need 8 months of data to print for GDP until the quants and macro funds can classify us in a recession.
The original prediction that came to fruition 12-months later is on a personal blog site. Pm me if you would like more details, but I won't advertise the link here, nor do I care to. For those that are curiousu what I saw, and how i was able to come to this prediction, I'm happy to explain it--Cheers,
17:19:40 (UTC)
Wed May 27, 2020
DXY - Daily Chart AnalysisI'm not sure what tf most people prefer for chart analysis. Curious. Comment if you like.
DXY - I'll link an older related idea which will provide a better overall picture of this analysis.
1) Inverted hammer, price is rejected from test of long term channel - weekly chart.
2) Break above channel resistance. Price rejects from smaller Daily channel resistance in line with weekly candle resistance 2016. Price drops back into weekly channel. Consolidation, long upper wick rejection.
3) Break back above weekly channel resistance. Higher high. Price rejects from Daily channel resistance once again. Price holds above weekly channel, final push up produces a lower high.
4) Price falls back below weekly channel resistance.
Previously, I was predicting one final push higher by bulls; target 100 which would close a gap from the weekly chart during the 2017 decline (outlined by blue shaded area).
Price is currently sitting at my previous support line which is the center of previous consolidation structure.
Do bulls have it in them to push back up to 100? I'm not that convinced. Fed repo liquidity injections resemblance to QE may have affected sentiment and skewed the risk of holding dollar longs (It's known to be a crowded trade and could unwind quickly)
Waiting to see the next price bounce. Consecutively lower highs is likely to attract sellers, suggesting the top may be in. A higher high would be capped at 100 and also suggest a top imo. Trend reversal in DXY will likely fuel extended moves in metals priced in USD.
Will post an equal weighted USD index in the comments to eliminate Euro dominance.
Selling rallies makes sense to me at this point.
Dollar and Precious Metals at Key Turning PointsDollar index is testing its lower support channel and could have a strong bounce, which in turn would send precious metals tumbling. Gold miners are looking bearish on the daily chart and I expect a move lower this week. See more videos at www.TheTechnicalTraders.com
How I trade majority of the marketsFirst off, I would click the megaphone and hit make it yours so your chart will match mine.
I've put quite a bit of time studying various methods and indicators. These are what I trade with day in and day out. If you just used the indicators at the bottom, you would be a successful trader with proper risk management. In ranging markets when the Shaff trend line crosses the hull moving average at the bottom, long. At the top, short. In bull markets, add to your position at the bottom cross and take profit at the top. Reverse that for bear markets.
I use the middle keltner line for confluence. Example: In a bearish market I will be looking to add to a short position if price is moving up from the bottom range of the Bollinger Band/Keltner channel range up to the middle line and if the Shaff trend line is nearing the top and crosses the hull ma, I enter a position with confidence.
In flat or ranging markets I look for separation of the top and bottom channels of the Bollinger Band/Keltner channels to place bids or asks as price will eventually go there. Long bottom, short top. Risk management is especially important in these types of trades as flat markets can become trending very rapidly and in that case you just switch your bias to whatever trend the market is heading and follow the rules.
Remember. The markets are here to transfer money from the impatient to the patient. Think ahead and never have to react.
Monthly support zone and the PRZ will be tested this weekDXY - Last week's selling has pushed DXY's price to a monthly support zone that includes:
- Monthly Structure
- Weekly Uptrend Line
- PRZ of a bullish pattern - Bullish Crab
Trump's speech, FOMC and Jobs data in focus this week.
Read more about Dollar Index, EURUSD, USDJPY and other trading scenarios in this week's newsletter (#WeeklyMarketsAnalysis on Twitter and Instagram)
O que aconteceu com USDBRL entre 2010-2016 em 7 eventos(A) 1a Eleição de Dilma Rousseff
(B) Início do rally do DYX US Dollar Index
(C) Reeleição de Dilma Rousseff
(D) Eduardo Cunha, presidente da Câmara de Deputados, aceita pedido de impeachement da Presid. Dilma Rousseff
(E) Câmara de Deputados instaura processo de impeachment de Dilma Rousseff, com mais de 2/3 dos votos
(F) Enfraquecimento do rally do DYX
(G) Referendo brexit
É interessante comparar a evolução percentual do par dolar americano x real (USDBRL) com a evolução do DYX, índice que compara valor do USD com cesta de principais moedas do mundo. De 2010 a 2016 houve uma valorização do USD de uma forma geral, mas o impacto na moeda brasileira foi extraordinário.
Note como surge uma diferença significativa entre a evolução percentual dos índices já no segundo ano do mandato de Dilma, em 2012, quando o USDBRL cresce cerca de 10% a mais que o DYX. Essa diferença será fortemente ampliada após a releeição, chegando a um pico de mais de 100% no início de 2016.
No contraponto, os sinais de troca de governo forçam uma tendência de queda para o par USDBRL, já em Fevereiro-2016, reduzindo a diferença percentual. Somada a queda experimentada pelo DYX a partir de Maio-2016, o movimento de USDBRL ganha ainda mais vigor. Mas até quando? Esse movimento de entrada de dolares é tido pelos analistas com um dos principais drivers da tendência bullish da Bovespa (IBOV) nos últimos meses.
Comentários são muito bem vindos!
#USDollar Draws Wolfe Wave; Eyes 1-4 Line; Bearish | $DXY $USD Friends,
Here is an updated chart for this new month, as we continue to witness bearish indications on the US Dollar.
As per Geo's own Off-Set Rule (i.e.: a precision refinement I developed off of the Wolfe Wave), price has rallied from the ectopic Point-5 position, namely: Point-5-prime, or 5' and rose.
The Off-Set Rule states that:
1 - If price rallies from Point-5, it will seek the highest probability attainment along the 1-4 Line (this is the Wolfe Wave expectation).
2 - if price rallies from Point-5' (read as point-5-prime), it will seek the highest probability attainment at the price level corresponding to Point-4 Which is a recurrent feature of this geometric adjustment I discovered, offering a much higher probability target rather than that which Mr. Bill Wolfe, author of the famed Wolfe Wave, would seek.
3 - If price rallies from Point-5'' (read as point-5-second), it will seek the highest probability attainment at the price level corresponding to Point-3.
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
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Twitter:
@4xForecaster
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David Alcindor
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