macro factorsDXY UP EEM & SPX DOWN USINFL UP USBONDS UP CRUDE UP. Risk OFF sentiment will lead to chase of US BONDS & Dollar strength against currency basket will lead to further exit of FII & FPIs
DXY trade ideas
THE DOLLAR INDEX MIGHT SEE A CORRECTION OR EVEN A REVERSALthe dollar index might see a sell-off for quite a few while the reasons for it is
REASONS
1. on a 1week time frame we are seeing a strong resistance.
2. on the 1day time frame we are seeing double top on the resistance.
3. and on 15 min time frame, we can see a head and shoulder pattern and a descending triangle pattern.
4. if the US market stays positive today we could see and in verse affect the dollar index.
so, my suggestion is to stay against the dollar and you could eventually capture a big move
Dollar Index DXY Bouncing off 50SMAThe US Dollar Index, DXY, is bouncing off its 50SMA (red) on the daily chart. This looks like a sign of strength in the US Dollar as it seems folks are buying this dip and a successful bounce on 50SMA can take the price back to previous highs of 105 on the DXY.
DXY about to finish its C wave or 3rd waveIt can be seen in chart that around 106.50 , DXY would do its 38% tgt for its 5th wave of its C wave or its (iii) rd wave, which means a dip down again to 100 in case of a (iv) th wave is around the corner as soon as next week.
In case of move beyond 106.50, it would only mean a extended move for 5th of (iii)/C but even then a trip back to 100 is about to start in 1-2 week.
Short dxy As we see in the chart that dxy was in uptrend
For a long time it is a reversal in dxy and we see a strong downward move now dxy has retraced
Till fibo level 0.50 and must go more down
last breath for dollar as global currencyLast Breath For DOLLAR AS GLOBAL CURRENCY. This IS Daily Chart OF DOLLAR INDEX which Shows Sign of Fatigue for UP Side , in Next FED MEET ANOUNCEMENT IF FED ANNNOUNCES 50 BBS RATE HIKE THEN IT WE BE THE
LAST NAIL IN COFFIN OF DOLLAR
Short dxy As we the market there is a order block resistance bearish flag & triangle pattern so we should take a sell in dxy
# money management
# trade safe
@GPottabathni DXY Index The weekly charts for DXY show that the correction may continue till 99. After that, we will have to watch what happens.
dxy under slight correction to 102-100 levelIt is likely that DXY has started to show a pull back to 100 or slight below it. Wave 2 of this 5th wave was small so wave 4 could be 38% to 50% in retracement
dxypitchfork pattern
still long dxy ,will gold fall
we will work or not
gold struggling will 2 into 10 points
Divergence in DXYTVC:DXY is showing divergence with RSI where DXY has made a higher high but RSI made a lower low on daily timeframe. Could this bring some breather for equities and commodities for few days? Lets wait and watch.
DXY shortdollar index toping out singal show
sell dollar index
rsi negative divergance
macd move negative area
US DOLLAR CURRENCY INDEX VIEW! Hello, us dollar currency index analysis & view index breaks it`s resistance 104 & can go upto 114 (target identified from harmonic abcd pattern level 1.618) fiis are pulling out money from equity market. TVC:DXY
Dollar IndexDXP cmp 104.665
looking at the charts,
I am sensing possible structure in DXY...
We are in wave 5,
whose tgt comes around 108.xx (can be seen in charts)
Charts if for study purpose only!!!
HUGE Weekly CUP and handle formation on the DXY chartThe DXY chart shows the value of the Dollar against all assets, it is said that if the value of the dollar goes up the value of assets goes down and vice versa.
If this plays out we can expect some red days around all assets.
I hope it doesn't play out, else 2022 will be a bear market.
BIG RESISTANCE ZONE - MAKE OR BREAK LEVEL DXY NOW MAJOR TREND LINE & W RESISTANCE 102.44/103.84
Big alert 📢⚠️🚨 - If monthly closing Basis above $104 than Next we can see upside target $113/18/27/36
Relation between us dollar and us inflationRelation between us dollar and us inflation,historically there is a inverse relationship between us dollar and inflation.
Falling soonDXY will fall soon and #btc is also close to complete its correction.its good for #btcusdt
Negative Divergence on DXYDollar index is showing Negative Divergence on the Daily chart. It has risen from 99.328 to 100.857 in the past one week but likely to fall in the coming weeks.
