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Dxyshort

DXY road to 92, SHORT THE USDThe PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR. Other economic factors why the DYX is looking weak are: -Inflation: High inflation can erode the value of a currency, as it reduces the purchasing power of consumers and investors. If the US experiences sustained high inflation, it could weaken the US dollar even if interest rates are high. -Economic growth: If the US economy is not growing as quickly as other economies, it could lead to a relative decline in the value of the US dollar. This could be exacerbated if other economies are experiencing strong growth and higher interest rates. -Geopolitical risks: Political instability, trade tensions, and military conflicts can all increase risk and uncertainty, which can lead investors to sell US dollars and seek safer assets. If the US is perceived as a less stable or secure country, it could weaken the US dollar. -Debt levels: High levels of debt can make a country more vulnerable to economic shocks and reduce its ability to stimulate the economy during downturns. If the US experiences a sharp increase in debt levels, it could weaken the US dollar. -Market sentiment: Investor sentiment can be influenced by a wide range of factors, including news events, social media, and market psychology. If investors become pessimistic about the US economy or the prospects for the US dollar, it could lead to a decline in demand for US dollars and a weaker currency.
TVC:DXYShort
by CryptoGao1
4
DXY US. Dollar Index | Down Trend Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index. A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward. A Lower High occurs when the price of the index reaches a new high during a given period that is lower than the previous. This suggests that the price is struggling to get higher levels and may be trending downwards. These patterns can be used by traders and investors to identify potential selling opportunities or confirm existing US dollar downtrends. However, they should be used in conjunction with other forms of analysis and not relied on exclusively. Fibonacci retracement is a popular technical analysis tool used to identify potential levels of support and resistance in financial markets. The tool is based on the Fibonacci sequence and retracement levels are calculated using ratios derived from this sequence. When applied to the DXY US Dollar Index, Fibonacci retracement levels can help identify potential areas of support and resistance. For example, a common retracement level is 50%, which represents a potential area of support or resistance at the halfway point between a market's high and low. If the DXY Index is in a downtrend, a trader might look for potential buying opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of support. Conversely, if the DXY Index is in an uptrend, a trader might look for potential selling opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of resistance. It's worth noting that Fibonacci retracement levels should not be relied upon exclusively for making investment decisions, and should be used in conjunction with other forms of analysis and risk management techniques. Follow me for more Ideas.
TVC:DXYShort
by awaisulabdeen
EURUSD LONG DaytradeOn the 15 minute chart with trendlines drawn, a bullish megaphone pattern is seen. This is a suitable basis to take a long trade with price is near to the ascending support trendline with a stop loss just outside ( below) that line The trade is supported by the current downtrend of the USD (^DXY) as seen in the link below. The megaphone is demostrative of increasing volatility which the experience trader can turn into profits. As this is on a 15-minute time frame this entry is only suitable to a daytrader who is scalping or at least closing the trade within the same session.
Long
by AwesomeAvani
DXYPullback, we'll see what the market does upon it's opening. DXY bias looks like it wants to continue to the downslide. Now that the dust has settle from NFP i'm looking for a push to the downside in the coming week. Everyone have a safe and enjoyable Sunday. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
TVC:DXYShort
by DTradesFX2
EURUSD BREAKING OUT !!!12 AM 1hr candle is red indicating the bullish set up out of the MZ. Price broke out MZ structure came back and retested now the BUY is engaged. Take the Buy to the target zones which are the extreme levels of the ADR. DXY is falling after Jerome's speech yesterday:) (That's his job to contain the GREENBACK! Typically over the last year when Jerome speaks the DXY cools down. This causes all US bases pairs to go up. Let's see how price follows the script today. #SniperGang
Long
by Master-Jedi-Trader
2
Price Anticipation for DXY 4hr TFWhat is your projection for the direction of DXY's price? Yesterday, the trendline was breached, and I was monitoring to see if the minor key zone would hold and close below it. Today, the market displayed a bearish trend, and I anticipate that the price will reach 103.854 before experiencing a pullback. If the 4-hour key zone is broken, we may witness further downward movement of DXY. However, it is essential to keep in mind that market reactions may change depending on the release of fundamental news.
TVC:DXYShort
by Popeson
1