DXY - Next target: bottom of the range

TVC:DXY   US Dollar Currency Index
1141 21 58
Nothing has changed here : we are on the way down to the bottom of the range.
Though on Friday the american dip buyers - USD perma bulls - pulled up the price after the European session if you look at the hourly chart you will see it could be anything but not long....

I think that next week will be a big down week for USD.
Comment: SO far so good...
Comment: I'm a bit sad that a very few of you watching DXY.
Guys this is one of the most important chart - if not the most important- to watch.
This is the key for everything.
Comment: After yesterday's drop today the decline should continue.
Comment: Closing half of the position.
Some of us are watching it ;)
Watching! This and EURUSD. Thank you!
Watching it buddy.. appreciate your work..
Any way for us to be taught about the way to trade Gold, the way you do?
I have been watching, just not trading FOREX yet... Much more to still learn
Arpi, thanks! i find your posts on oil, gold and USD great and profitable!! Wish you good health to keep us updated!!
+2 Reply
Watching UJ
Is there a 3X bear ETF that I could buy that would catch this price action????
Thank you you Apri. This looking corrective with at least one more up impulse in this structure to go down???
Thanks Arpi! Brought EU and AU with multiple positions last night during Asian session!
Watching every move! You are right. For the coming years dxy is one, if not the most important factor to watch which is going to make a big impact on everything.
Watched and still
Watching and learning. Shy about posting.
I don't trade forex but I use the dollar as my index for gold plays...and I use the euro and yen as an index for what the dollar will do. its only one of a handful of indicators I use for gold but I start with euro/yen, then the dollar index, then gold futures, then Arpi charts for a second opinion to decide if I want to long/short gold...but yes...THE most important chart by far. and thank you for your efforts Arpi...I follow your gold and oil plays religiously as a confidence boost to see if my own predictions carry validity. I had bet against you ONE time on oil months ago, I shorted on a glut play and lost lol. glut plays work....but your technicals catch a lot that my seasonal/global news plays don't....thanks again brother!!!
DXY may just tag 94 next couple of days and then go up again on anticipation of a rate hike. It is also taging uptrend line. I think Fed will be hawkish after vacation. There is no reason to be dovish.
Arpi, (and others that wish to comment) would you expect Brazil's economy/equity markets to decrease after the completion of the Olympics???? Looking at shorting BRZU if this is a likely possibility.... Bad press during Olympics, building of infrastructure completed, possible government uncertainty, etc... Any thoughts out there???
No. Olympics always give a big push to the economy.
Except Greece. They've ruined it.
one of the most dovish and influential FOMC member Dudley says September hike possible! though nobody believes... neverethellss, this may postpone dollar fall at least until end of August
Arpi, is there an ETF we can use to short this play?
I will look for one. But this time its too late to enter.
Every time I post a DXY chart you shuld just go the opposite in EurUSd.
It's nearly the same
What the f*ck is wrong with you, man? There definitely must be something)) I've not been following you for long but you seem to have got nearly every prediction right. May you live a ling life! P.S. Please, don't get that the wrong way, these are just my words of admiration.
LOL. Thx.
Market is doing what it has to do after the Brexit mess.
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