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DXY

U.S. Dollar Index (DXY) at crucial point. What's the next move ?The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE). The index is currently calculated by factoring in the exchange rates of six foreign currencies, which include the euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF). The Dollar index also impacts the inflationary trend in India. Though the Indian Rupee is not included in the index, changes in the dollar's index relative to other currencies have an impact on the Indian economy. An increase in the Dollar index makes the dollar strong and depreciates the value of the INR. A weakened rupee makes imports costlier and impacts India Inc.’s profitability due to increased production costs. Increased costs lead to inflation, and the prices of goods and services rise, much to the detriment of consumers. Thus, the overall GDP (Gross Domestic Product) is impacted and suffers a slowdown when the dollar strengthens. * 15 Year cycle is progressing. * Trading withing rising channel. * Arc 1 breakout around July, 2014. * Arc 2 breakout around March, 2022. * Trading near it's resistance (Resistance 5).
TVC:DXY
by MandeepSinghKohli
3
How to get a 4:1 Risk reward ratio trade in Doller index (DXY)Previously, DXY encountered a fail downside attempt. Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green Stop loss : - Low of the Bar - (Range of the bar) The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL I took out the profit at levels mentioned in the chart. The trade trade was carried with SL below EMA 20 and H2 DMI support. The trade closed when price broke EMA20 . Profits were taken at 1.2, 2.4 and 4.4 RR. My initial target was 2:1 RR. But went very good
TVC:DXYEducation
by suman6saha
Dollar Index (DXY) to end correction and start fresh upmoveTVC:DXY has been moving perfectly as per Elliott waves. It has completed an impulse and now in correction. It has already corrected near 50% which is also close to previous degree wave 4. Worst case we might do 61.8% around 107. Once we get a positive daily close from here, it would be reasonable to assume next impulse has started. What does this mean for equities and cryptos? They'll take a dive as soon as DXY upmove starts.
TVC:DXYLong
by YetAnotherTA
SOLANA- Just thinking out loud.Given the macro conditions, it feels possible that there's gonna be a rather long cooldown on everything, even after the bleeding stops. A deep cleansing on everything is the need of the moment. If this is to play out, then it might take us 6-7 months to come back to the prices we recently broke down from. That feels like hell, trust me. Time capitulation >> Price capitulation, and this scenario might be a combination of both. More than 90% of the participants will leave. Even the strong believers would be flushed out. I can go on and on, but chart>>words. This, if it plays out, will bring a great opportunity to the faithful. The whole world is trying to shut Crypto down. But the cat is out of the box, and we had a lot of attention this cycle. Solana in particular, has matured quite well in such a short span. I will be buying all the SOLANA I can below $20, If we get. All you got to do is stay. See you on the other side! ~ZER0
by Degengambleh
#Nifty Falcon Wave Counts Recently we had to re-look at what is happening with Falcon Waves. Even though we use two more tools along with Falocn Waves (always) that helps, Heikinashi Candles (as we do not trade against the trend) and Falcon trigger line, however, counts can not be wrong too many times, and we were on the wrong side of the count. Upon deep analysis, here is a new count, where ABCDE pattern of Falcon Wave is in formation. Out of that Wave D - 5 waves finsihed and we are in wave E - which can be tricky. Today because DXY went down yesterday - Nifty went up, but DXY has found its temp bottom. This means that Nifty should fall? Perhaps yes. We have finished 5 waves up, and if we do not get pull back then there is something wrong again with entire process. DXY chart found temp bottom here on Daily Chart: We can find some downard pressure now, but this is a good learning for all of us. One good way is to follow the trend, not a single candle close below previous candle - falcon trigger line method that can help you identify the way forward.
NSE:NIFTY
by Falcon_Trader_1