Dxyanalysis
Dollar will longPowell confirmed his expectation that the central bank will raise interest rates (at least) two more times, but his acknowledgement that “the disinflationary process has begun” has given traders more confidence that those will be the last two hikes of this cycle and that the Fed will be on hold midway through Q2. Meanwhile, his repeated focus on “core services ex-housing” provides a clear inflation metric for traders to watch to evaluate whether what the central bank will do in the coming months. Here this is not actually FED dovish but not hawkish.
US labour market performing very well; Yesterday JOLTS Job Openings 11.01M from 10.44M, Tomorrow NFP data with Publish; Technical chart says Data Will be Favour for Dollar.
Dollar now create a bullish butterfly pattern from 100.5xx or Fibonacci 1.42 support.
DXY to gain strength over the next months.Falling wedge formation chart. Moving into a higher volatility environment for the next few months. Inflation numbers should continue to fall quickly, especially relative to other countries as the real economy feels the lag effects of the FED rate hikes.
Dollar Index Chart Analysis....
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart shorttime chart create higher high move.So, market need
seems buy correction @ 102.555 and 103:135 risistance level.If breakout this
resistance level, then market Buy UP to 104:000 resistance 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.
Dear Traders,
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DXY (Dollar index) Daily: 21/01/2023: Bull or Bear?
Well, as you can see now I believe in a bear market.
Bear scenario: Now we have a market consolidation that results in the accumulation of liquidity on both sides of this area. in addition, we have daily resistance that you can see on the chart that can push the price down.
Bull scenario: The primary basis of this idea is that the weekly Demand zone can play a crucial role in changing the market way and the price move higher for collecting the liquidity above equal high and filling the fair value gap.
💡Wait for the update!
🗓️21/01/2023
🔎 DYOR
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DXY Short Play 30-01-23 Weekly TargetWeekly Volume imbalance is the target, this has been the target for a few weeks now. Major news events later in the week should help price to the target.
DXY LONG DXY will be wil trend higher.. look like need some push to higher.. there so maney factors are running economically , so no body cant control whats gonna happan..looks like major volume building up..if it reject higher price we short.. or we continue long dxy. once reach ITL level its easy to price go through it as trade location...
DXY Short Play 23-01-23I'm expecting a bearish week for DXY, I believe we are heading for the weekly volume imbalance at 97.2.
DXY 23 Jan - 27 Jan Next MovePair : DXY Index
Description :
Impulse Correction Impulse - Completed " ABC " Corrective Wave after Long Impulse
Descending Triangle as a Corrective Pattern in Short Time Frame we need to Wait Until it Breaks the Upper / Lower Trend Line
Selling Divergence
If Breaks then Next Target Daily Support Level
Break of Structure
DXY- The chart show a lot of bottiming signsIf you read my analysis you know that I'm bullish USD and although so far the reversal keeps us waiting, my opinion remains the same.
Looking at the Dxy chart we can see that since Monday USD is showing some life with yesterday being a very agitated and volatile day.
Usually, big volatility is a sign of reversal, and yesterday's low could mark the bottom
Technically all the candles since Monday are reversal ones so a test of 103.50 resistance, in the short term, is very probable.
Anyway, I will remain bullish in the long run USD, and in my opinion, there is much more room for up than down.
I'm looking for good points to sell EurUsd and GbpUsd
Important DXY Monthly Chart UpdateToday 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. The chart shows major touch points where the DXY is either supported or crosses support and resistance lines on the multi-year period.
DXY has been recently coming down and it is at a critical multi-month support line with possibility of a bounce. If it begins to move upwards, expect challenges in the stock and crypto markets.
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the US Dollar price looks 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! #millionaireeconomics
Plan A or Plan B on this index?Hello, my dear friends and fellow traders.
What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up.
So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up.
However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system.
Till then wishing you a good luck on this strategy. See you in my next post.
It is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
CAPITALCOM:DXY
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
DXY- Some signs of life. Bottom in place?On Monday, Dxy made a new low at 101.50 and since then the Index started to consolidate in a pretty tight range.
Slowly bulls seem to find some life and an up continuation could be next.
The short-term target for such a rise is the 103.20 zone resistance.
I'm bullish as long as 101.50 is intact
DXY DAILY BIAS (HOURLY) 17-01-23I believe the next draw on liquidity is the FVG at 102.108 - 101.994.
📉✌DXY Down --> Bitcoin Up?✌📈TVC:DXY
CAPITALCOM:DXY
💥As DXY starts a downtrend, Euro and Bitcoin can experience a few weeks of strong growth💥
First target ---> 107.8
Second target ----> 102.9
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
DeGRAM | DXY Market previewDXY is trading at support at 102 in a descending channel on the 4H timeframe.
Price action is slowing as it approaches support by creating an equal measured move AB=CD .
We can see a double bottom and divergence on the 1H timeframe.
We expect the resistance to be tested since the price has reached major support on a daily and weekly .
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DXY / 1D The daily time frame is currently in the range of 102. There is a possibility of further correction up to the range of 101/100. It may be associated with a positive reaction from the support range. We have to see how the price will react. It is important to maintain the specified range, if it is accompanied by further correction, the range of 98/98 can be considered, but currently the correction target is 101/100.
The important resistance range is 104.150/103.500/ for a positive swing, the break of the specified range and stabilization is very important. Note that the analyzes are for review purposes, not an investment recommendation and should not be used alone to make your decision.
❎ (DYOR)...⚠⚜
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DXY - Printing Bullish Divergence on DailyCareful Berahs... DXY might pop anytime and rekt ur shorts!
DXYThe price is near two important lines, orang line is top line of big triangle of wave4, I think it's wave4 of biggest 5 and it can touch previous top, so DXY affects on other chart's
Dollar index bottom is closeYesterday Fed Chairman Jerome H. Powell’s speech on Central Bank Independence and the Mandate—Evolving Views" give no clue on the interest rate forecast or his view on the upcoming rate decision. At this moment, market expect a 75.3% chance hike 25 bps in 1 Feb 2023 and 24.7% chance to hike 50 bps.
However, in Dec Chairman Powell expressed that despite the tighter policy and slower growth over the past year, we have not seen clear progress on slowing inflation. and the stress on the necessity to bring inflation down to 2 percent over time.
And he think that ongoing rate increases will be appropriate, and the ultimate level of rates will need to be somewhat higher than thought at the time of the September meeting and Summary of Economic Projections, which is 4.75% at that time.
And he stress on that restoring price stability will require holding policy at a restrictive level for some time. History cautions strongly against prematurely loosening policy.
Since the CPI figure slowdown in Nov, market is tipping the Fed will pivot soon, especially when the oil price continue retreated.
A few days ago, Three Fed bosses says interest rates will go above 5% including
Raphael Bostic, president of the Federal Reserve Bank of Atlanta said, “The most recent report showed the Fed's preferred measure of inflation running at a 5.5% annual rate.”
The chief executive officer of JPMorgan, Jamie Dimon even expect Fed will raise rate to 6%. and Goldman Sachs expect ECB will increase rate to 3.25% only. If that is the case, US Dollar still have a big advantage of he rate differential.
From the Fed’s view, Fed will continue to raise rate this year but in a lesser pace, so betting Fed’s will pivot soon is not a good place to buy in medium term
Dollar index weekly chart show’s dollar is entered to oversold zone and it’s already close to the 50% retracement support. Expect DXY finding support in 102.15-102.80
DXY (Dollar Index) 4H: 10/01/2023: Will fill the fair value gap?
As you can see, the price entered the very important supply zone.
From here it can start to move up or the price will test the supply zone at 102.5 one time and then start to rise.
Each target that you can see on the chart can play a resistance role and the price may fall from there.
💡Wait for the update!
🗓️10/01/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
