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U.S. Dollar Currency IndexU.S. Dollar Currency IndexU.S. Dollar Currency Index

U.S. Dollar Currency Index

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DXY trade ideas

DXY next move (waiting for the outcome to FOMC meeting)Go through the analysis carefully, and do trade accordingly, TECHNICAL- 👍-The Price has broken the bullish structure. waiting for the outcome of FOMC meeting scheduled on 02.11.2022 before entering in to Sell or Buy. 👍-there are little Buying opportunities as the Major Oscillators indicators are in oversold zone. -------Remember------ 1. We are not going to take any position in DXY pair until the prices reach to support zone or Major trendline displayed in the chart. 2. if FED, on 02.11.2022, during FOMC Meeting, hikes the interest rate at least by 50BPS, then we will play Buy in this pair with TP 114.000 & 115.000 3.If FED does during FOMC does not raise the interest rate, then we will wait for the price to be consolidated on the area mentioned in chart. If price consolidated above major trendline we will place buy and if the price break major trendline we will place sell with target of 108 & 107. Best of luck👍👍👍👍 Never risk 2% of principal to follow any position. Go through the analysis carefully, and do trade accordingly Support us by liking and sharing the post 💗💗💗
TVC:DXY
by AnupZiddi
Dollar Index will probably move down from this levelDollar Index reached an important level. Low probability of a good up move from here. Thus it looks like this is time for USD to probably pause for a few months as compared to other currencies. Upside first target complete in weekly chart. ---- 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). Red more : www.investopedia.com
TVC:DXY
by mkmunir3
US Dollar Index - are we ready for new all time high ?US Dollar index has recently completed his fall of wave 4 inside the bigger degree wave 3, and now possibly wave 5 has been started of bigger degree wave 3, Inside 5 it has completed wave 1 and wave 2 of 5, and possibly started to unfold smaller degree wave 1 of 3 of 5, now should retrace as wave 2 of 3 of 5, it would be a buying opportunity with invalidation level of 111.9040, One can go long in dip of wave 2, or can go long on breakout above wave 1's high, in both scenarios stop loss could be same as invalidation level 111.9040, which is nothing but low of wave 1, because as per waves principle wave 2 will never retraces 100% of wave 1.In 1 hour time frame RK's Mass psychological cloud is suggesting to go long only, Because it's above cloud, so don't go short. possible wave counts on 1 hourly chart possible wave counts on 4 hourly chart possible wave counts on Daily chart RK's Mass Psychological cloud in 4 hour RK's Mass Psychological cloud in 1 hour Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
CAPITALCOM:DXYLong
by RK_Chaarts
1
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