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Usdollarforecast

#DXY US Dollar Index Forecast BullishToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern, and now looking to test the top of the channel around $109-$110. If the DXY breaks out of the descending parallel channel, we can see the price go to around $150-$155. If the price gets rejected at the channel top, the price can go back down to as low as $60-65, which will create a triple bottom (generally bullish pattern). Naturally this is a multi-year chart so it will take time. When zooming out, the US Dollar price looks very bullish in the long-term. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:DXYLong
by MillionaireEconomics
DXY create Head & Shoulder Pattern.So, SELL NOW.... DXY chart short term create heat and shoulder pattern. So market down to 93.920 & 93.600 zone. If the market break out 94.500 resistance level then this case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
USDOLLAR:NEW BULLISH IMPUSE COMING ? LONG VIEW + TARGETS 🔔The Dollar, finally after the release of the NPF last Friday seems to be starting to breathe today after the last sessions in which the price has fallen inexorably. We can also see that EUR/USD today started the session with the USD in recovery, link in the description. As for this chart, we can technically analyze that the price has been in a rising trend for some time, just look at the rising lows and highs that appears today a rebound on a dynamic support / trendline, the price that has moved above the 200 average and that the stocastic seems to come out of the oversold zone with divergence. Bearish volumes seem to be decreasing. We await a new bullish impulse.
FX:USDOLLARLong
by FOREXN1
9
US-DOLLAR possible RALLY!Hey tradomaniacs, So... the market was waiting for Powell and got the so called "Nothing Burger". Powells Key-Notes: 1️⃣ Clear progress towards foll employment. 2️⃣ Could be appropriate to begin with tapering this year. „My view is that the „substantial further progress“ test has been met for inflation. There has also been clear progress toward maximum employment. At the FOMC’s recent July meeting, I was of the view, as were most participants, that if the economy evolved broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year.“ 3️⃣ Dovish: The timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff. 4️⃣ Inflation has reached 2 percent and is on track to moderately exceed 2 percent for some time. So what did we get here? Well the market with a drastic sell-off of the US-Dollar and indicies rallied due to the hope that liquidity will still be provided, probably because the market has expected to see tapering until Q1 of 2022 and has priced that in. However, for me personally all this is not really a dovish, more like a mixed statement that has dissapointed US-Bulls as things are not progressing as fast as expected. If data from the U.S. are good this week we could see more US-DOLLAR bulls taking action to push price up. I will keep it slow this today as we get to see the Non-Farm-Payrolls, which will probably have a very strong impact in the market as market-players will evaluate the probabillity of more hawkish statements in the future. We have often see strong moves after these vacuous statements which then got reversed quickly within a few days, which is why I want to observe price-action first also because the dovish news have pushed many pairs into resistance-zones and so good spots to follow the current trends. Example: AUD/USD 👉https://www.tradingview.com/x/FqcCdCbO/ LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
TVC:DXY
by Trading2ez
2
Dollar Index on 1D Chart (Aug, 18th) "The US dollar index extended its upward momentum to, close to levels not seen since the end of March benefiting from a safe-haven bid on fears that a surge in infections of the Delta variant could derail the global recovery and a batch of mixed economic data. Retail sales in the US declined more than forecast in July, with the core index also posting an unexpected drop while industrial production rose for a fifth consecutive month. Also, US homebuilder confidence sank to over a one-year low as home prices surge. Meanwhile, investors await more clarity from the Fed on the tapering timeline with FOMC minutes due on Wednesday."
TVC:DXYLong
by SOURENAALIZADEH
USDOLLARIt appears the usd has some room to run still until it reaches a higher time frame resistance area. I expect a volatile week because of significant event risk. inflation and J Powell is on the docket. In my opinion. To start the week, I expect the dollar to continue to fall towards near term support. The usd is vulnerable under 11850.00,in my opinion, and may retest the main support lower down on a break down of said price level. In the event inflation comes in hotter than expected we may see a run up to test the " key price area" i have outlined. Then it all depends on Powell"s statement for the determination for a possible break out of the range or drop back down under 11850. Never the less, the upside seems limited, as there is, what appears to be strong resistance higher up.
DJ:USDOLLARLong
by Entrenched
2
DXY Waite to Good Contamination......DXY chart create Dubble Top pattern. So, when market breakout 90.200 RISISTANCE zone. Then the market and go up to 90.431 and 90.850 risistance zone. If breakout 89.788 support level then dollar index buy case invalid.And down to 88.937 level. Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. PLZ! LIKE COMMAND AND SUBSCRIBE.
TVC:DXY
by AronnoFx
US DOLLAR - The Ending Diagonal Count - Wave iv In ProgressHere I apply the same ending diagonal count as the EURUSD, this market has slightly different waves but still the same thing. The main difference here is the distance left until it reaches the lower channel. No it becomes even more obvious that the US Dollar is very close to completing the Wave 2 correction since 2009. The reason for the channel is because I am expecting Wave E to be similar in length as Wave C. If it's not screamingly obvious what is happening here then you probably need to check out the related ideas below which are all related to the US Dollar so you can begin joining the dots. Please LIKE and FOLLOW to get notification of updates and future posts.
TVC:DXY
by AriasWave