Hello Traders! This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will...
TVC:DXY regains the smile and advances to multi-day highs past 103.70 on Monday. If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37. In the meantime, above the key 200-day SMA, the outlook for the index is expected to...
TVC:DXY extends the leg lower for the fourth session in a row on turnaround Tuesday. Further weakness in the index is expected to challenge the key support at 103.00 sooner rather than later. The loss of this region exposes the weekly low of 102.93 (August 30) ahead of another round level at 102.00. In the meantime, while below the key 200-day SMA (103.60), the...
TVC:DXY retreats for the third consecutive session and approaches the area of three-month lows near 103.00 at the beginning of the week. In case sellers push harder, the breakdown of the November low of 103.17 should leave the door open to extra losses in the near term. That said, the loss of the weekly low of 102.93 (August 30) could put a potential visit to...
TVC:DXY reverses two consecutive daily advances and resumes the downward bias on Friday. In case bears regain control, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key 200-day SMA, the outlook...
TVC:DXY manages to pick up extra pace and extends further the bounce off multi-week lows around 104.00 on Thursday. In case bears regain the upper hand, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30). In the meantime, while...
TVC:DXY looks to extend further last week’s rebound, although the 106.00 region proves to be quite a strong barrier for the time being. Once the 106.00 hurdle is cleared, the index could then embark on a potential test of the November peak at 107.11 (November 1) ahead of the 2023 high of 107.34 (October 3). In the meantime, while above the key 200-day SMA,...
There is a possibility that Dxy has experienced saturation and Wave 5 has been formed. At present the price is trying to try to reversal, there is a blue line limit where if the price drops more than the area there is a possibility of bearish.
Dxy in the past week looks bullish, for next week in my opinion it will still look bullish with the formation of a bullish channel and the existence of a fairly thick bullish candle. For pairs that are counter to USD, the possibility of next week still looks weakening.
price touched there SnD where currently seen on h4 there is resistance, is this a sign of reversal? we wait for some more confirmation, is there a positive bullish candle or maybe a rejection candle.
DXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% DXY, 60% Cash. * The US October Employment Situation today reported 261k nonfarm payroll jobs added (vs 250k expected), a 0.2% increase in unemployment and a 62.2% labor force participation rate. These numbers hardly reflect monetary tightening (labor force participation rate has...
DXYUSD daily guidance is cautiously bearish. Recommended ratio: 30% DXY, 70% Cash. *DXY, 10 Year US Treasury Bonds and VIX are taking a hit as JPYUSD, GBPUSD, EURUSD, 30 Year US Treasury Bonds, Cryptos, Equities, Equity Futures and Commodities are all up. This is after speculation that Japan's government had intervened in currency markets by selling USD for...
DXY Daily guidance is neutral with a bullish bias. Recommended ratio: 58% DXY, 42% Cash. *DXY, VIX, Nat Gas, EURUSD and Agriculture are up while US Treasuries, Equities, Futures, Cryptos, Metals, Oil, GBPUSD, CNYUSD and JPYUSD are down. Cleveland Fed President Mester mentioned today in New York that there has been little to no progress on ringing in...
DXY daily guidance is cautiously bearish. Recommended ratio: 30% DXY, 70% Cash. *DXY, US 10 Year Treasury Bonds and VIX are down while Equities, Cryptos, Commodities, Futures, GBPUSD, EURUSD and 30 Year Treasury Bonds are all up. With expectations of a federal funds rate above 4% in 2023 it's starting to get to that time where investors ask themselves when...
DXY daily guidance is cautiously bullish. Recommended ratio: 90% DXY, 10% Cash. *Equity Futures, Agriculture, Metals and EURUSD are down to start the week while DXY, US Treasuries, Energy and Crypto are up. As long as the Federal Reserve's federal funds rate keeps going up and Russia keeps escalating the war in Ukraine, DXY will likely keep going up. Key...
DXY Daily neutral with a bullish bias. Recommended ratio: 60% DXY, 40% Cash. *After briefly touching $110 minor resistance in Friday's session, the DXY will attempt to retest the next resistance between $112 (Weekly resistance) and $114 (Daily resistance). The last time the DXY tested $112 Weekly resistance was in 2000. If the Fed raises FFR by 75bps on 09/21...
Hello all, welcome to today’s update. Today’s video focuses on the USD index after buyers made another strong move in yesterday’s NY session. In today’s video, we run over the price current price action and trend structure after buyers made a breakout yesterday, clearing 109 resistance that held buyers back during this week. The USD continues its fantastic run...
DXY Daily bearish. Recommended ratio: 5% DXY, 95% Cash . *Treasuries (excluding the 30 yr Bond) and the Dollar are correcting after a bullish summer fueled by supply chain woes and recession fears. Supply chain woes have not been remediated but there is an element of the Bullwhip Effect that should be considered and that is the excess supply that can come...