hello dear trader
I think the dollar will continue to fall after filling the gap... there is a strong resistance zone above it... harmonic pattern and resistance zone and fibos... on the other hand, due to the high bank interest rate and the possibility of a bank collapse Again.. the soft landing will begin soon
i think the yello area is the best place for open...
In our last analysis, the DXY TVC:DXY continued its upward movement. actually due to geopolitical crisis, the market was betting on stronger dollar.
We believe that this week is going to be calm and slow market.
we are still bullish on US dollar.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and...
The financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe,...
■Outlook for DXY on 1W chart.
We are in sub-wave iii of the upper degree wave C.
The sub-waves of wave iii will form a 5-wave impulse.
If the assumptions of this scenario are correct,
the sub-wave (3) of wave iii should start soon.
■Outlook for the EURUSD 1W chart.
Currently, we are in sub-wave ⅱ of wave (ⅲ).
Sub-wave ⅱ is expected to complete soon.
After that, sub-wave ⅲ will start.
It is anticipated that sub-wave ⅲ will form a five-wave impulse.
If the assumptions of this scenario are correct, sub-wave ⅲ is likely to break through several channel lines and resistance lines, and I...
TVC:DXY *D (tf)
Previous Ideas of Resistance to Watch (before & after 'play button' )
(before & after 'play button' )
Next decent Resistances for TVC:DXY to face will be the 0.5 Macro Fibb Level @107.7 level .
Surpassing that via decent breakout, correction may be anticipated as a retest and
confirmation for TVC:DXY to continue Higher.
Meanwhile on...
Updating my TVC:DXY predictions:
1. Everything hinges on carry trade with Japan
2. Japan is raising rates until they resubmit to negative interest rates this summer
3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency.
4. I...
The Fed's Higher-for-Longer Strategy: A Strong Dollar Squeezes Markets
The Federal Reserve's unwavering commitment to its "higher-for-longer" interest rate policy is pushing the U.S. dollar to its limits. Chair Jerome Powell's recent pronouncements leave little doubt: rate cuts won't be coming soon. This strong dollar is creating a ripple effect across global...
The US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the...
For those curious about the DXY's direction and targets, take note of the bullish movements displayed in these two legs.
The Dollar Index is showing signs that it could complete these runs and effortlessly reach the resistance zone.
Keep a close eye on these developments as the DXY approaches key levels.
Always good to measure against the DXY not just the USD value
Not perfect of course as it is mainly the Euro and Yen but still insightful.
Been watching the relationship for a while
currently breaking out to the upside
HVF theory means this should be a violent expansion
Target 1 coming up.
The recent strength of the US dollar is posing a significant challenge for emerging markets around the world. Their currencies are weakening, creating a ripple effect across their economies. This article explores the reasons behind the dollar's dominance, the impact on emerging markets, and potential policy responses.
A Rising Dollar: The Driving Forces
The US...
hello everyone, DXY has been bullish with all the positive USD news.. at the moment dxy reached the resistance level the price can either pull back to 1st or 2nd support depending on the market.. buyers can kick in since all pairs are falling against USD (mostly all major pair).. so far there is no confirmation on price being bearish... price need to break below...
#DXY is preparing for next step of moving up and this bullishness will bring more volatility. Bad for #crypto #btc #commodities #stocks etc. Hard price declination will be the invalidation. Not financial advice.
The US Dollar Index is showing a bearish chart pattern after having made a strong rally since the beginning of 2021. We are now seeing a correction that will most probably end in some kind of consolidation, which should take it down near the 100 mark. In the meantime, the EUR and GBP are booking some gains against the greenback!
Dólar is going to keep risig for the next few months. I Guess untill end of May, brginning of June, surpassing the pprevious hight of 2023, but bellow the high of 2022. I dont ecpect to see GOLD to rise as it did in previous weeks with the dollar. I exepect the opposte: A correction of 8 weeks os so in gold back to 2100 -2150.
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
In my opinion, the correction of the dollar has been completed and this index has started moving to break the level of 121 by completing the money back with the local support of the rand number 100, and this is a warning for other markets.
"Beta version whale"
