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U.S. Dollar Index

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DXY trade ideas

DXY near a make or break zone!TVC:DXY As we can see in the chart, DXY has broken the most recent low which is an early indication of a downtrend. If DXY takes support in this region, we could see a good support being formed. The question is, how does it affect affect the stock market and economy as a whole. Firstly, we need to understand the correlation between DXY and the stock market. Generally, when DXY moves down, the stock market goes up and vice versa. Considering the markets are at an important juncture, I will wait for some confirmation on the trend. If DXY breaks down, my bias will change from bearish to bullish on the stock market. To trade this bias, we need another confirmation on the Nifty50 chart. You can find the Nifty 50 analysis on my next post. With the inversion in 10Y-2Y bond yields( Indication of recession), DXY falling and stock markets going up- there isn't any clear direction for me. I will wait for a couple of days to get my confirmation and then enter trades. It is always better to sit on cash and protect your capital if the markets aren't making sense to you! Follow AVZ_Trades for more such content on trading and finance! #trading #forex #dxy #recession #economy #avz #avztrades
TVC:DXY
by AVZ_Trades
DXY set for Decisive MoveOn Daily Basis: US Dollar Index (DXY) is correcting after it achieved the target of 109.29 as predicted in earlier published idea. 105.50 is a near term support level which is a test of DXY for further next decisive move. The trend is bullish right now and it should take the support of 105.50 with next probable target of 112 to 114. RSI on weekly basis has come down and on monthly basis it has scope to go to extreme overbought position which means it will be a final up leg. Usually it is volatile top. August or September may prove to be a blow off top in DXY. The ultimate target of 120 may not be ruled out. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:DXYLong
by AnkurSharda3
Inverse Correlation Between BTC and US Dollar Economic narratives and dialogues covering crypto and traditional market trends have discussed the hypothesis of inverse correlation between Bitcoin and the US Dollar. As the world’s largest cryptocurrency was created with the vision of decentralized substitution for centralized fiat currencies, we have seen the hypothesis becoming true in the past couple of days. As reflected in the chart, BTC is definitely thriving on a weaker dollar.
TVC:DXY
by TradeDog-Research