Near supportDXY is near the end of current down fall. 88.70-88.40 is the zone where a short term bottom may form. From there spike towards 93.93.50 is possible.
DXY
DXY to hold weekly support trendline, near 90.26There is weekly support line which should be respected in first attempt, expecting DXY to bounce till 92.8 zone from 90.25-90.3 zone.
BUY near 90.26 for target of 92.8 and beyond.
This should be bearish for Equities, commodities, cryptos....
Are we on the verge of a US Market drop?Hello.
My name is François Normandeau
Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes .
Currently, on the daily charts ,
all the indicators we are using are mentioning that the US Dollar Index
TVC:DXY
is currently in a confirmed downtrend.
Historically, there is a strong positive correlation between the US Dollar Index and the US Treasury Notes.
if DXY drops, ZN1! drops... if DXY rises, ZN1! rises... relatively speaking and all things being equal.
If anyone is currently keeping a major long position related to the US Bond market,
then this correlation is worth considering.
More details about this post, as well as a video analysis, later today, on our site .
Wishing you a great week,
François Normandeau
Institutional Research Director at ADX-BRIEFING
The U.S. Dollar Index is still weak last week.The U.S. Dollar Index was still weak last week, falling below the 92 integer, and trend is still downward in the future.
DXY - At a Crucial Point.[
A Monthly, Quarterly, Yearly and Decades candle formation in sight.
Break and Close Below 91.70 will lead to a big dent.
Weekly analysis for XAUUSD, Oct 26-30Gold against Dollar pair , has traded sideways in the month of October , traded between the range between 1874 - 1932, price closes last week at 1902, it looks like the price actions supports the bearish move in the upcoming week, if it breaks the levels of 1880 at the bottom, it might go deep down of 1856 ,
If its not breaks the level of 1880 , then there is fair chance of going upwards and pave its new path for November ,
Note - analysis given for education purpose only.
DXY has broke the upperside trend line and .50Fibonaaci aheadDXY has managed to broke the trend line yesterday with strong bullish candle and reached 93.50 level and currently DXY is in consolidation phase.93.67 and the .50 Fibonacci will act as decent resistance for the bull. If this levels are broken then we may expect DXY will reach 94.75 level
EURUSD, Weekly analysis, Oct 12-16Euro against Dollar, raising right from October Ist , and similar to Gold , this pair also in upbeat against Weak Dollar, Expecting this pair may turn after 15th or 16th at the price from 1.18500 area..
THE BIG FIVE...CORRELATIONOCT. 7 and OCT. 19. (in purple)
NASDAQ : USDYEN : EURUSD : DXY : SILVER
These BIG FIVE have consistent direct and inverse relationships with each other
(for example: the USDYEN predicts the movement of the US-indices)
AND on these two(2) dates their EW-WAVES area ALL lining up.
According to my count which has been unfolding since last Friday
Dollar Rebound - RSI/MACD Divergence & Stretched PositioningShort term dollar bottom?
Stretched CFTC net long positioning has started to unwind a little as well.
Plus Euro which is a big component, also has seen stretched positioning and now we are seeing resurgence of cases in most major European countries.
XAUUSD , WEEKLY ANALYSIS SEP 7-11Gold against Dollar , have been trading within a triangle almost a month , last Friday , it did tries to do escape out of the August Triangle. unsuccessful but made a initiative there to go short from that triangle..this week it may hit the resistance at 1965 area, then the breakout from triangle may happen.expect it go down till 1890..overall anticipating a bearish XAUUSD move..
note- only for education purpose, technical analysis are subjected to change..
DXY Dollar Index - view for next few years. Purely based on the charts, the bear market for DXY maybe limited down till 88. Any substantial weekly close below 88 voids this view.
DXY WatchDXY broke first support..
Now retracing back on fibo levels..(61.8 is important level).
Moving close to resistance on top.
DXY Technical supportDollar index at 93.24, 92.5 Level to watch on daily chart , breaking 92.5 levels can take DXY to 91 Levels.
DXY at interesting crosspoint ...RSI on weekly at very strongDXY at interesting crosspoint ...RSI on weekly at very strong support line ,beware ..it can go up from here ..killing the price rise in gold ..precious metal etc .
DXY - Inverted Head and shoulders reversal An inverted head and shoulders pattern has formed in DXY hourly. Watch for a level above 93.70 for a move to 94.80. This may very well be the reversal on the shorter term chart which would confirm that DXY has bottomed and on a path towards 98 in a few weeks/months time.
if this pattern is confirmed, we can see some corresponding correction in Metals and EM equities.
DXY - zone of reversal, 5 waves down completed 5 waves down done. Time for a reversal. Can see 98 in a few months.
Risk to dollar or the basket currencies ?DXY is on edge of the support at 96. RSI has formed positive divergence but yet not turned up. Circle marks the perfect support which should be touched by 23-26th July, if it has to work. The overall frame of the trend is still pointing 94 but positive divergence can't be ruled out. Better to be on the sideline and see which support is in motion. If it comes to 94 then the overall trend, started at 103, will get complete and we might see a bounce from there towards 96-98 zone.
Bullish XAUUSD, Weekly analysis, July 27-31Hi traders,
Hope you all trading well in the unstoppable bulls in XAUUSD,
As the trade quote say, 'Go with the trend' this week also looks like bullish trend continues, more than technical this pair operates strongly with fundamentals, A weaker USD moves the Gold higher and higher, Dollar index also expected with some support, hope it respects,
According to XAUUSD price action analysis, this week i present the analysis with Weekly chart,
Analysis also done with Monthly chart, A strong resistance line passing through in the price of 1936 right from 2011 . perhaps if it get breaks price action indicates 1972 would be the bulls will get tired.. let see.
However Gold is going to see its new high price this week..
If anybody request , i can share the Monthly analysis chart ..
Note - Price action analysis done is only for education purpose, not the final result of how price moves..
Thank you
DXY US dollar index Bearish Flag prepare for Big Crash !!!Disclaimer : This is not financial advice please do your own research before investment.
As you can clearly see right now DXY creating Bear flag if DXY failed to sustain
above and breaks the flag from downside then the next support will be around 95.9
and if the price goes below 95 then the technically support will be around 93.
DXY - Long Attempts only in $96-94 zoneTVC:DXY just gave a breakdown.
On can attempt for any kind of long position, only near 96-94 zone.
