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Dxyforecast

DXY: UNDER THE RISING WEDGE.Hello traders, I hope you all are doing good. Here's an update on DXY (the US Dollar Currency Index). I hope this idea will be helpful for you all. Time frame: 1 Day. Update: The US Dollars Index has been outperforming for a pretty long time. As you can see in the chart, a beautiful rising wedge pattern has been respectfully followed throughout the year. Till now, this pattern has not been broken down but we can clearly see that the DXY is under the rejection zone. It has been continuously falling down for the last 6 days and according to the analysis, it must reach down to the lower support level at 108 for a proper pattern. The interesting thing to notice will be whether DXY will hold the support or will it break down below the lower trendline. Well, time will tell that part of the story and for now we better focus on the red candles forming on DXY. If DXY shows rejection till the lower trendline, we can expect the market to show some greens but we better be careful and take our trades wisely. I am signing off for now. Trade safely until we meet again. Thank you for all your support.
TVC:DXY
by Dexter_The_Trader
2
Bullish on DXY Im expecting the dollar to reach up towards the113.00 level. I'll watch for a retracement to the 108.800 level, but if that doesn't occur ill be looking for the dollar to shoot straight up towards that 113 level over the coming weeks. Watch how usdjpy reacts bullish as the dollar continues to be bullish. Once price hits that 113 level, there should be some retracements seeing as that was a 2001 prior low before the dollar began its plunge. it's been strengthening over the past 10 years, so as of now I'm not expecting it to do anything less than that. As always good luck traders and stay focused, follow the money!
TVC:DXYLong
by CollectCap
DXY Daily TA Cautiously BearishDXY daily guidance is cautiously bearish. Recommended ratio: 30% DXY, 70% Cash. *DXY, US 10 Year Treasury Bonds and VIX are down while Equities, Cryptos, Commodities, Futures, GBPUSD, EURUSD and 30 Year Treasury Bonds are all up. With expectations of a federal funds rate above 4% in 2023 it's starting to get to that time where investors ask themselves when the continued rates hikes and impending Fed-forced recession will be priced in. Macroeconomic factors aside, geopolitical uncertainties mainly involving Russia and China pose adverse risks in the near-term to medium-term. Key Upcoming Dates: FOMC Member Loretta Mester speaks twice on 10/06; September US Employment Situation at 830am EST 10/07; FOMC Members Kashkari, Waller and Williams speak on 10/07; FOMC Minutes at 2pm EST 10/12; September US CPI at 830am EST 10/13; September US Retails Sales at 830am EST 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15.* Price is currently trending down at ~$110.40 as it approaches a test of $110 minor support. Parabolic SAR flips bullish at $114.70, this margin is mildly bullish. RSI is currently testing 49.10 minor support and is on the verge of testing the uptrend line from July 2020 at 47.47 as support if it continues down. Stochastic remains bearish and is currently beginning to form a trough as it tests 9.02 support; if it doesn't bounce here it will likely tests max bottom. MACD crossed over bearish today and is currently trending down at 0.90, the next support is at 0.65. ADX is currently trending down at 32 as Price is seeing selling pressure, this is mildly bearish at the moment. If Price is able to bounce at $110.02 minor support then it will likely aim to retest the upper trendline of the ascending channel from October 2008 at $114.70 resistance . However, if Price breaks down below $110.02 minor support , it will likely retest the 50 MA at ~$108.80 as support . Mental Stop Loss: (one close above) $111.55.
TVC:DXY
by dailytaguy
Dxy leading diagonal idea!Macro dxy has lots of bearish div on many timeframes!this pattern looks near to complete! This is the last retracement at the 1.618 same as on wave 3 retracement! There are upper extention levels up to the 120 area but anywhere betwen here and there looks as a double top on weekly chart is forming! Initial target for leading diagonal or accumulation cyllinder is anywhere from the bottom of 2 wave in elliot or the true 1-1 for a double bottom! This may be the end for some time of bearish scenerios in current markets! Dxy corrolated on dumps and pumps at certain times so I would use moving averages as a focal point moving forward such as bullish and bearish crossings of the 21/55 ema and the golden cross of the 55/233 as confirmations ! * Its truly possible we retace .50 or 50% and do one more 1-1 pump of its last move!Watch moving averages they dont lie!
TVC:DXY
by Cryptoholics_Anonymous
DXY Daily TA Neutral BullishDXYUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% DXY, 40% Cash. * US September PCE price index increased 0.3% from August, and Core PCE increased by 0.6% . DXY, US Treasuries, Gold, Agriculture, GBPUSD and Cryptos are up while VIX, Equities, Equity Futures, EURUSD and Energy are down. In Vladimir Putin's speech today he announced the 'formal' annexation of four regions in Ukraine , many believe this is to allow Russia to use chemical or nuclear weapons as part of Putin's promise to "... defend our land with all the powers and means at our disposal”. Putin also continued painting the narrative of the West as Satanic dictators in hopes of bolstering that perspective amongst Russia's people and allies; he also placed direct blame on the West for sabotaging the Nordstream Pipeline earlier this week. In Putin's words about the liberties and freedoms people have in the West, one can hear the Russian Orthodox directorship of Moscow's Patriarch Kirill who recently claimed that the Russian war dead have had their sins forgiven. One thing that Putin mentioned that is agreeable is that the USA is the only country to have used nuclear weapons on another country, whether Putin's Russia is the second, only time will tell. Short story long, Putin appears to be building up the necessary ingredients to officially start World War 3. Key Upcoming Dates: S&P US September Manufacturing PMI at 945am EST 10/03; September Employment Situation at 830am EST 10/07.* Price is currently trending down at ~$112 after being rejected by $114.63 resistance, the next support (minor) is at $110.02. Parabolic SAR flips bearish at $111.40, this margin is bearish. RSI is currently trending up at 60.51 after bouncing off of 59.17 support; the next resistance (minor) is at 70.28. Stochastic remains bearish and is currently trending down at 29 as it approaches a test of 24.14 support with no signs of trough formation. MACD remains bullish and is currently trending down at 1.19 as it's still technically testing 1.24 resistance, the next support is at 0.64. ADX is currently trending down slightly at 36 as Price is seeing a downward correction, this is neutral at the moment. If Price is able to bounce here then it will likely retest the upper trendline of the channel from October 2008 at ~$114 as resistance which will likely coincide with a retest of $114.63 resistance as well. However, if Price continues to break down here, it will likely test $110 minor support . Mental Stop Loss: (one close below) $111.50.
TVC:DXY
by dailytaguy
dxy where is the dollar going!we are at a very very key area right at this bullish order block on the 4hr dxy needed to pull back to in order for it to be the next leg up only if it holds of course but this is a area you want to watch if your trading and dxy pairs could be giving entries on a lot of pairs for a medium to long term swing a break below this level can show bullish ness in dxy pairs but once again the trend is up so it has to show us bears are in control by break that green area which i dont see after a major pull back that size with no news i would love to see the bulls take control soon but this is the 4hr so we have to wait for some more closes showing rejections at this level
TVC:DXYLong
by wolf_pack
[DXY] WHAT IS THE MARKETS SHOWING USdisplaying how dxy is controlling the markets at the moment anything that has to do with the dollar is at a key level just like the dollar so lets let the dollar show us the next move ..... trend continuation or a retrace we just be patient and wait for it to talk to us but be ready for the call follow like subscribe all of that any question dont hesitate to hmu on here #dxy #dxyanalysis #dxyforecast #dxyanalysistoday #dxyexplained #dxymtp #dxymashup #dxyewanalysis #dxyprediction #dxyindex#xauusd #xauusdforecast #xauusdanalysis #xauusdlive #xauusdstrategy #xauusdpredictiontoday #xauusdanalysisthisweek #xauusdanalysistoday#nas100 #nas100tradingstrategy #nas100strategy #nas100scalpingstrategy #nas100scalping #us100 #nas100analysistoday #nas100forecast ##nas100
TVC:DXYLong
by wolf_pack
Is DXY making a cup an handle pattern?So as for now we can see DXY is probably making cup and handle pattern but its inside strong support/resistances which can indicates if yes or not. We can also see that is looking for his supply which can be another clue about bullish trend in monthly chart. Also can explain my other post about USDMXN which is about to pullback in H-C-H pattern. Even above behavior already explained I saw in CRSI that for now overbought which makes me doubt a little bit, so I hope it is just a 4th Elliott's wave in lower timeframe.
TVC:DXYLong
by Edwinox92
DXY Daily TA Cautiously BullishDXY daily guidance is cautiously bullish. Recommended ratio: 90% DXY, 10% Cash. *Equity Futures, Agriculture, Metals and EURUSD are down to start the week while DXY, US Treasuries, Energy and Crypto are up. As long as the Federal Reserve's federal funds rate keeps going up and Russia keeps escalating the war in Ukraine, DXY will likely keep going up. Key Upcoming Dates: September US Consumer Confidence Index at 10am EST 09/27; August US New-Home Sales at 10am EST 09/27; Final US Q2 GDP revision at 830am EST 09/29; August US PCE price index at 830am EST 09/30.* Price is currently trending up at ~$113.78 after briefly testing $114.62 resistance earlier in today's session. Parabolic SAR flips bearish at $108.84, this margin is mildly bearish at the moment. RSI is currently trending up at 77.21 and is beginning to form a soft peak as it approaches 81.84 resistance. Stochastic remains bullish and is currently trending up at 96 and is beginning to form a soft peak as it still technically tests 88.40 resistance. MACD remains bullish and is currently trending up at 1.16 as it approaches 1.24 resistance with no signs of peak formation. ADX is currently trending up at 35 as Price continues going higher, this is bullish. If Price is able to break above $114.62 resistance then the next likely target is a retest of $119.88 resistance for the first time since January 2002. However, if Price is rejected here at $114.62 resistance, it will likely retest $110 minor support . Mental Stop Loss: (two consecutive closes below) $107.91.
TVC:DXY
by dailytaguy
DXY Monthly Chart (Predicted in Nov 2021)The DXY (Dollar Index) is shown on a monthly chart. DXY has broken out of a very long term line of S/R (Support and Resistance). It may come back down to re-test the S/R line before heading higher. It's interesting to see the parallel channel formation and the trend line it is walking on since 2008. I have been calling for the DXY to start moving higher since November 2021. What are your thoughts? Comment below and hit the like please. Thank you! 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 #bitcoin #altcoins
TVC:DXYLong
by MillionaireEconomics
7