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DXY

DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze! THIS WEEK...as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618! in the next period DXY is in a very difficult area and I will look for BUY if it closes even for a day over Fibonacci 618 to Fibonacci 786 and I will look for SELL again for a possible closing below 9130! anyway ... closing for a month is decisive but I will bet more on BUY because W's formed on the 1 month chart! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... as I was saying last week ... DXY has stopped falling and is starting to form support in this area and form W! If the next weekly candle will still be green then I will look for BUY around 92,600 or even higher ... THIS WEEK...exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
#DXY:- US Dollar Index Analysis for short to medium term What is DXY? DXY is the U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies. The US Dollar Index is used to measure the value of the dollar against a basket of six world currencies - Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since then are relative to this base. The value of the index is a fair indication of the dollar’s value in global markets. Interpreting and Trading U.S. Dollar Index (USDX) An index value of 120 suggests that the U.S. dollar has appreciated 20% versus the basket of currencies over the time period in question. Simply put, if the USDX goes up, that means the U.S. dollar is gaining strength or value when compared to the other currencies. Similarly, if the index is currently 80, falling 20 from its initial value, that implies that it has depreciated 20%. The appreciation and depreciation results are a factor of the time period in question. The U.S. dollar index allows traders to monitor the value of the USD compared to a basket of select currencies in a single transaction. It also allows them to hedge their bets against any risks concerning the dollar. It is possible to incorporate futures or options strategies on the USDX. These financial products currently trade on the New York Board of Trade. Investors can use the index to hedge general currency moves or speculate. The index is also available indirectly as part of exchange-traded funds (ETFs), options, or mutual funds. Source: - Investopedia .com site Elliot Wave Analysis of DXY: - We seem to have completed the 5th Wave of correction around 89, the immediate resistance is around is 91.238, after which we might see a sharp up move, which is a serious threat to the global stock market because it is inversely related to equities.
TVC:DXYLong
by subhagghosh
8