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Dxyforecast

DXY will go DOWN to the next support zoneThe DXY index managed to break the 🟢 support zone ($ 103.6-$ 103.35) 🟢 and has now completed its pullback. Also, DXY seems to have broken the support line with a bearish marubozu candle , and this is a sign for DXY to start falling again, at least until the next 🟢 support zone ($ 102.86-$ 102.66) 🟢. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYShort
by pejman_zwin
27
DXY: The power of the economy!Mr. Biden revived the industry to compete with China, but this intervention could put the US economy and its allies at risk, according to the WSJ. Jake Sullivan, President Joe Biden's national security adviser, is often preoccupied with foreign threats, such as the Ukraine conflict. But in April, in a speech at the Brookings Institution, he addressed the threat from within, of the long-held view of Washington elites that "the market has always allocated capital efficiently. and perfomance". Some in policy circles call this view neoliberalism, or free trade, which has been bipartisan for decades. But Sullivan argues, this doctrine has emptied America's industrial base, weakened the middle class and made the country more vulnerable to climate change, Covid-19 and the weaponization of its supply chains. hostile countries. To solve it, he said that the US needs a new approach, a "modern industrial strategy". Accordingly, the government supports stronger investment in industry and commerce to strengthen the middle class and national security. Since the 2020 election, Mr. Biden has tried to come up with a unified theory for his economic policies. And Sullivan's recent remarks on the White House's domestic and foreign goals toward China have more clearly depicted what could be called "Bidenomics," with three pillars. With that comes some blind spots and contradictions in this economic policy, according to the WSJ.
TVC:DXYLong
by Sphyn-Trader
Potential DXY Crash: Anticipating a Substantial Drop to $25I'm eyeing a significant decline in the U.S. Dollar Index (DXY) from its current level around 103, down to 25, driven by escalating inflation, competition from Bitcoin and gold, and the influence of BRICS nations. Should this substantial DXY drop materialize, it would likely benefit commodities, emerging markets, export-oriented economies, cryptocurrencies, and gold due to the inverse relationship they share with the dollar's value. The recurrent raising of the debt ceiling exacerbates the country's debt load, potentially weakening trust in the U.S. government's ability to service its debt, which in turn could significantly devalue the dollar. Inflation: If the dollar drops that much, it could lead to inflation or even hyperinflation. The cost of goods and services could rise, which would decrease the purchasing power of the average American. Interest Rates: To combat inflation, the Federal Reserve may increase interest rates. Higher interest rates can make it more expensive to borrow money for things like mortgages or student loans, which could affect the average American's ability to finance major purchases or manage their debts.
TVC:DXYShort
by MichaelBsul
7
US Dollar Index (DXY) Price Value Chart TodayThe US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in the chart and keep up with the latest market movements with news, advice pieces, and the dollar index forecast. TVC:DXY CAPITALCOM:DXY
TVC:DXY
by Delaaasaaa
Central Banks USD Reserves Drop to Record LowsI am writing to bring your attention to a concerning trend that has been emerging in the global economy. The de-dollarization movement is now evident as central banks worldwide reduce their US dollar reserves to record lows. This trend indicates that the confidence in the US dollar as the world's reserve currency is declining. As forex traders, we must be aware of this trend and its potential impact on our investments. The US dollar has been the dominant currency in the world for decades, but this is now changing. Countries in the BRICS (Brazil, Russia, India, China and South Africa) have been actively promoting the use of their currencies in international trade, and other countries are following suit. As central banks reduce their US dollar reserves, its value will likely decline. This could lead to inflation and a weaker US economy. As forex traders, we need to take action to protect our investments. I encourage you to sell the dollar and diversify your portfolio into other currencies such as the euro, Australian Dollar, etc. This will help to mitigate the risks associated with the de-dollarization movement and protect your investments. In conclusion, the de-dollarization movement is now evident, and as forex traders, we need to take action to protect our investments. I urge you to diversify your portfolio into other currencies. Let us stay vigilant and proactive in managing our investments.
TVC:DXYShort
by bryandowningqln
DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
TVC:DXY
by Hokusai_FX