DXY Bearish Setup Update - DXY is currently trading at 105.7 and it exactly got rejected from my POI
- DXY looks all set to mitigate 103.8, bringing more upside to all pairs denominated by USD, risky assets like Crypto, and Stocks.
- Watch out for 103.8 and 101.9 to expect another leg up from
- We have a market structure shift from 103.3 if we flip below that on a weekly TF, we might soon see DXY turning bearish.
- DXY can soon show impulsive moves on Monday post bullish commentaries
Dollarindex
DXY PARABOLIC SETUP Update- DXY is currently trading at 107.4
- DXY has made a lot of USD-denominated pairs bleed and they are still getting slaughtered
- DXY is currently at a point where there's a lot of limit sell stops above the buy side liquidity
- Once the orders are consumed we might see another round of Impulse up to the marked displacement of 110-111$
- DXY pumping along with the Equity market, Crypto isn't a good sign there's a negative smart money divergence laying that's trapping and sucking liquidity from retail suckers.
- Sit at the sidelines and keep locking in gains until you see DXY flipping its structure to bearish
- Retail pattern traders might get flushed when they call this a double bottom.
DXY gearing up for a big fallDate: 30 Oct’24
Symbol: DXY
Timeframe: Weekly
US Dollar Currency Index currently seems to be in final stages of Wave (e) of B. One more leg up and DXY will be ready to head lower sharply and in a big way. It is likely to head towards 90 and lower. This also means with DXY treading lower, Nifty is likely to witness an up move.
This is not a trade recommendation. Please do your own analysis.
US Dollar Currency Index vartamaan mein Wave B (e) ke antim charan mein lagta hai. Ek aur pair upar aur DXY teji se aur bade paimaane par neeche jaane ke lie taiyaar hoga. Iske 90 aur usase kam kee or badhane kee sambhaavana hai. Iska matalab yah bhee hai ki DXY ke nichale star par chalane se Nifty mein teji dekhne ko mil sakti hai.
Yah koi trade karne ki salah nahin hai. Kripya apana vishleshan khud karen.
Dollar IndexHello and welcome to this analysis
With FED all set to start the rate cut cycle from today's FOMC meet, DXY is expected to enter the potential reversal zone (PRZ) of not one but two bullish Harmonic patterns, namely, bullish AB=CD and bullish Crab, likely forming a triple bottom in the weekly time frame.
The PRZ is between 100 - 99.60 while the patterns would be considered invalid below 99.50, for a possible bounce (if not reversal) till 103.
When will it enter the PRZ by? Will depend totally on hawkish/dovish, FED Chairman Jeremy Powell is in his statement today.
Regards
DXY 1D Price Delivery AnalysisThe Dollar Index is currently trading at 101.8$
- NFP helped the dollar to climb higher last week
- We saw a major sell off in the stock markets too
- Watch out for the 2 paths drawn we might see dry spells and lack of action before CPI
- IMO we are going to fill the FVG before CPI and then post the CPI publication we will pierce the lows and make new lows
- If you see the CPI coming above estimates and we will surely run up more higher
USDJPY - POSITIONAL SHORT TRADESymbol - USDJPY
USDJPY is currently trading at 157.700
I'm seeing a trading opportunity on sell side.
Shorting USDJPY pair at CMP 157.700
I will be adding more if 158.200 comes & will hold with SL of 158.500
Targets I'm expecting are 154.800 - 151.900 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
DXY Technical Analysis - Dollar Index took out Liquidity from its previous swing high and reacted after grabbing Liquidity
- Equal Interim highs are now made and the reaction is bearish as well
- I expect the next two candles to be red or bearish and the price should continue to fall further, anticipating good numbers from the US it's going to be negative for USD and positive for Stocks/Crypto
DXY #Dollarindex Trade Setup DXY/Dollar Index is currently trading near an overhead supply
- It will be very crucial to watch how it exactly reacts to its overhead supply
- IMO even if we see a good reaction from the overhead supply it will be still important to watch the reaction.
- From a long perspective it's better to wait out and first let the breakout happen - let the base form - let it take some grabs and then scout for longs
#dollarindex #dxy
Rupee best performer 2023. 2024 looks even better.Rupee stayed almost flat against the $ in 2023, depreciating 2% whereas other EM currencies depreciated more than 4%.
Equities soared in 2023 and if things go as they are appearing, then 2024 promises to be even better. There is lot of hop and optimism in the air already about Indian economy and that will most likely translate into higher returns for Indian equity investors.
If you are not in India - You are missing the biggest global party!
Fed stays pat. Equities soar. India's Goldilocks periodIndia has managed to keep its public finance in control and focus on capex led growth. That has ensured that India managed to stay afloat during the storm and now that the storm has subsided, India is on its way to race at higher knots.
This video is an update on the latest global macro developments
Inverse 🥶If Dxy sustain on 103 ( marked in the chart) then a upside momentum to (110 feb 2024)--(115 sep 2024) is possible, which could impact the US stock market and in some cases Indian market too .
Disclaimer :
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
If there is a global party on...India's gonna lead!As the US Inflation numbers came soft, all doubts about Fed hiking rates in December were gone. That led to all currencies strengthening against the $. US Yields colled off, Dollar Index came down and US Equities soared.
Indian markets also joined the party. The Rupee made strong gains making new multi week highs. G Sec Yields came off highs and Sensex and Nifty just took off to the skies.
As global uncertainity eases, India stands to benefit the most over the next few decades when we rise up the ranks as a global economic superpower.
DOLLAR INDEX --BEARISH?As Per daily Price Action Dollar Index Broke Lower Side Range 105 level and Sustain Below and Also Price Cross below 50 Ema And RSI Also Cross Below 40 Which Is not Good Sign For Index . We Can See Further Down move In Dollar Index.
Wait For Decent bounce In 1 hour Time Frame It Could Be Good Lower Side positional trade ..
Stop loss :- Above 106 Level
Target:- 104.193
Please consult your financial advisor before investing
All research is for educational purposes only.
Implications of small changes in US Bond Yields and USDINR As US Yields cool off a tad bit, it results into Dollar index cooling and Rupee strengthening. Our Forex Reserves increased, our yields fell and our benchmark equity indices soared. India's maiden 50 year bond issue was oversubscribed and that shows how much interest and confidence there is about India over the coming few decades.
India's largest Festival season - Diwali is on and that is adding to the positive mood and momentum.
Technicals also seem to be changing from sell to buy - but it is early days yet.
So the script works just fine in these conditions as in all other ones. If market makes a new low as compared to previous candle, it buys one unit, thereby effectively pulling the average cost down.