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DXY (US Dollar Index) levelsDXY (US Dollar Index) Support Levels: Fibonacci Level: 92.50 (23.6% Fibonacci retracement of the 2022-2023 rally) Trend Line: 92.20 (the lower end of the ascending trend channel) Psychological Level: 92.00 (a significant round number) Resistance Levels: Fibonacci Level: 94.50 (61.8% Fibonacci retracement of the 2022-2023 rally) Trend Line: 94.80 (the upper end of the ascending trend channel) Psychological Level: 95.00 (another significant round number)
TVC:DXYLong
by UnknownUnicorn62517722
Dollar weakness continuesDXY CMP 100.939 Elliott- thats a zig zag corrective pattern. The C leg which is very fast and steep is underway. Fibs- Two tgts one at 96 and the other at 93. We will look at our indicators at these zones for reversal. Channel - The lower support channel is around the 93 fib support. MA-the longer Ma support is around the 93 /89 zone. So that zone is a high prob reveral zone. Conclusion - weakness in dollar means good for the emerging equity mkts. Good for commodities and of course precious metals. So focus on them.
TVC:DXYShort
by singh17vivek
DXYDXY cmp 101.759 this is a monthly chart of DXY, looking at the chart , this is the wave counts comes to me.. DXY have completed its 5 waves, wave A and most probably wave B and is ready to move towards the down targets as marked with green line... those are targets 1 and 2 ... if this wave B is not over... it can move up towards upward target marked by red line ..(that is if at all wave B is not completed), and after completing wave B , it would go and touch downward levels.. ONLY and ONLY after that I believe.. we would resume up trend ... Just a View! Vedng!! Disclaimer: Chart is for study purpose only!!!
TVC:DXY
by VedangsStudy
DXY : Strong DownHello Traders, 📈 DXY chart review : DXY ~ USD index strength You can see, my analysis before here : And Now, I still recommend it will down more - H4 chart is downtrend, price is bellow 3EMA - H1 is prepair make a H&S 🎯In my trading opinion: - I recommend that it will move down continuously 📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management. Follow me to update lastest plan for any trades ! Thank you and Good luck!
TVC:DXYShort
by PhuThongTrader
DXY 1 D - ANALYSIS 10 AUG 2024 Definition: Explain what the DXY (US Dollar Index) is and how it measures the value of the US dollar against a basket of major foreign currencies. Importance: Highlight why the DXY is a crucial indicator for forex traders, investors, and economists. 2. Market Analysis Current Trends: Present recent trends in the DXY, including historical data and recent movements. Technical Analysis: Use charts and technical indicators to analyze patterns that suggest a potential decline in the DXY. Include tools like moving averages, RSI, MACD, and support/resistance levels. 3. Economic Indicators Impact of Economic Data: Discuss how economic data (like GDP growth, employment figures, and inflation rates) affects the DXY. Federal Reserve Policies: Explain how interest rate changes and monetary policy from the Federal Reserve influence the DXY. 4. Global Factors Geopolitical Events: Examine how global geopolitical events, such as trade wars, political instability, or international conflicts, can impact the DXY. Comparative Currencies: Compare the US dollar’s performance with other major currencies like the Euro, Yen, or Pound. 5. Risk Management Risk Factors: Outline potential risks involved in selling the DXY, including unexpected economic announcements or geopolitical events. Strategies: Offer strategies for managing risk when betting against the DXY, such as setting stop-loss orders and diversifying investments. 6. Case Studies Historical Examples: Provide case studies or historical examples where selling the DXY proved profitable or unprofitable. Analyze these cases to offer insights into current market conditions. 7. Expert Opinions Interviews: Feature insights from financial analysts, economists, or trading experts who can provide professional opinions on the DXY’s future. Market Sentiment: Summarize current market sentiment and how it aligns with or contrasts against your position on selling the DXY. 8. Actionable Insights Investment Strategies: Suggest specific trading strategies for those interested in selling the DXY, such as short selling, options trading, or futures contracts. Tools and Resources: Recommend tools, platforms, or resources that traders can use to track DXY movements and execute trades. 9. Conclusion Summary: Recap the key points discussed and reinforce why selling the DXY could be a profitable strategy. Charts and Graphs: Use visual aids to illustrate trends, technical analyses, and economic impacts. Infographics: Create infographics to simplify complex information and make it more accessible. Videos/Webinars: Host video analyses or webinars to provide a dynamic and engaging way to discuss DXY selling strategies.
TVC:DXY
by Greenfireforex