Decision Time ....Dxy tested this trendline on daily time frame ....if breakdown then more decline and if hold then we can see bounce from here . Gold is watching this level from 1770-80 area .If dxy decline from here we can see 1800 soon on gold .by TheGoldenCircle115
DXY: just 3.7 % down DXY is down just 3.7% from its highs and all its counterpart are behaving like the Fuel in DXY is over. There is no sign support broken on DXY 103.5 and 101.4 are the immediate support level. Once these support level got breached then only we can say that DXY has done with the top for the short term.by TradingSutra116
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.Longby AnkurSharda31
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading ❤️ Hustle hard ✅Shortby okako_trading111
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. by TradeDog-Research1
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading ❤️ Hustle hard ✅by okako_trading111
DXYDXY ANALYSIS It has retracted to its Fibonnacci Level 0.5 (106.17) where it actes as a support and bounced back to its 0.382 (106.84) level which acted as resistance for now. Further drop is expected to 0.618(105.5) level before another pull up towards 1.618 (112.5 ) LEVELS THIS IS JUST A VIEW. DO YOUR OWN RESEARCH BEFORE DOING TRADE WITH PROPER RISK MANAGEMENT.by BK27220
Dollar index selldollar index sell 107.981 stoploss 108.574 this chart go down sideLongby HARISHRAO995
Wolfewaves on DXY and coupled up with strong Fibonacci TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb 25th of 2023.by finpati4
Wolfewaves on DXY and coupled up with strong Fibonacci TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb 25th of 2023.02:27by finpati1
Dollar Index Chart over H4 Chart.US Dollar Index in 20-year peaks The index extends the optimism seen at the beginning of the week and trade beyond the 108.00 mark for the first time since October 2002, always underpinned by the unabated sell-off in the euro. The move higher in the dollar comes on the back of diminishing US yields, as recession concerns seem to prompt investors to seek shelter in the safe haven universe for the time being. Friday’s release of the June Payrolls, however, appear to have mitigated part of those worries and now favour the continuation of the current pace of the Fed’s normalization process. Speaking about recession fears, the Atlanta Fed’s GDPNow sees the economy contracting 1.2% in the April-June period (from a 1.9% contraction recorded previously).Longby charliedavies7700
US Dollar Currency - Target 109.8US Dollar Currency index has given cup n handle breakout and target is coming to 109.8Longby skandha19861
DXY Dollar prediction by Girish KumarMy prediction is in snapshot. Whenever price breaks the wedge pattern. It reaches 26-70% range. So as of now the dollar is strong and will reach upto 123 and beyond. Longby GirishKumarTanwar4
US Dollar Index in 5th Wave of 5th (E) Impulsive Bull WaveON Weekly Basis: DXY is entering into 5th wave of the final Impulsive wave E. It is the blow off top and generally Bear market sets in may be with complicated top or straight reversal pattern. July month should be the last Bull phase of US Dollar Index (DXY). RSI peaked at 89 as on 9th May, 2022. RSI shall be lower high and DXY price higher top, generally a pattern to sell. Level of 108 to 110 is the target in the month of July. It may be a blow off top. ON Monthly Basis: DXY touched RSI 72 in April'22 which is high but it may pierce by the end of July. Such is an exceptional level on RSI, it may prove to be a final top. No fresh position should be taken and sell at the target of 108 to 110.by AnkurSharda32
DXY MONTHLY Monthly orderflow remains bullish, we have monthly accumulation, buyers are still in control in HTF. untill and unless i don't see any distribution on HTF, DXY isn't falling (according to me) Longby tradin_official5
Dollar index is at very crucial level, Dollar index making bullish harami on daily chat, If it's validating the bullish harami, we may see a sharp fall on Tuesday on nifty. So be careful it's just a intraday up move on tomorrow session. by kblmanojjames0071
NY ENTRYPO3 Assian- Accumulation London- Manipulation NY- Distribution Distribute in Confluence Areaby testcodingcoding1
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 & FPIsby Mayur-Shah1
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 moveShortby farhanf78670
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. Longby vipulmehta817Updated 1
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. by saraltanwar2
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 Shortby amusedHawk786012