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...
The U.S. Dollar Index ( DXY ) rise in the short-term, but will downtrend in the long term. Jan.06 2021, U.S.Capitol riots U.S.Dollar index rebounded, because capitol riots that be global markets money entry U.S.Dollar. U.S.Dollar index rebounded until Jan.20 presidential inauguration, and U.S.Dollar index will downtrend. Reliability: 3-10 Markets Days.
Dxy on 6h & 4h TF on major support ..can bounce from here.or..if failed to bounce & broke the support ...that means get into stocks ..#bitcoin ... all risk on assets ..for epic euphoria . #fomo
Some divergence in Indicators and near previous long term support. Small rebound expected.
DXY 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.
There 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....
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...
The U.S. Dollar Index was still weak last week, falling below the 92 integer, and trend is still downward in the future.
[ A Monthly, Quarterly, Yearly and Decades candle formation in sight. Break and Close Below 91.70 will lead to a big dent.
Gold 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...
DXY 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
Euro 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..
OCT. 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
Short 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.
Gold 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...
Purely based on the charts, the bear market for DXY maybe limited down till 88. Any substantial weekly close below 88 voids this view.