Hello, dear TradingView members.
This idea is a DXY analysis.
As we can see on the chart:
U.S. Dollar Currency Index broke resistance a little after The Federal Open Market Committee.
We are about to see an ascending move in the USD value and a fall in any other known asset in pairs of dollars.
For example, USOIL went under $100, and BTC and EUR are both...
ING Research sees EUR/USD to reach 0.9500 ('worst case') on a break of 1.00
With EUR/USD closing in on parity we are getting questions from customers as to what a break of parity could look like and how far EUR/USD could fall? 1.00 is probably the biggest psychological level around in FX and fireworks look likely. The options market would size up a worst-case...
USDJPY Head and shoulders, wait for price to break neckline and POC and aim for the lower fair value range. Oil price falling is rising the yen, UJ looks likely to reverse here so we should anticipate this move and trade it if it shows itself.
EUR – The euro tumbled to a new two-decade low on Wednesday as rising energy prices cost a long shadow over the euro zone’s economy.
Berenberg notes that “it is not only the threat of nondelivery (of gas) that is weighing on the euro. The already-high energy costs are a burden. Energy costs in Europe are many times higher than in the US.”
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BUY @ 1722
Sl @ 1706
Tp @ 1790
Gold is extremely oversold but still has room to drop and is currently showing no signs of bears exhaustion. This precious metal collapsed this week as fears of a global recession took over and undermined the investors confidence which boosted the dollar as it is a safe haven (eventhough odds of a major economic setback is...
Hello, Traders! Gold is attempting a recovery after dropping to $1730 support zone yesterday. XAUUUSD climbed above $1740 comfortably amid weakness in the DXY. The declining 200-period Simple Moving Average is found at $1787 and adds to the downside filters. The ongoing recovery can be stopped at $1750 to $1780 followed by a sell-off. Gold is oversold but the...
Trade Idea: Buying DXY
Reasoning: No let up in DXY strength
Entry Level: 106.97
Take Profit Level: 107.62
Stop Loss: 106.70
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
So EURUSD broke and closed below a key horizontal structure support.
Now the broken structure turned into a strong resistance.
The next goal for sellers is 1.013
I will be patiently waiting for an occasional retest of a broken structure to short the pair.
❤️If you have any questions, please, ask me in the comment section.
Please, support my...
GBP – Sterling traded at the lowest since March 2020 on Tuesday, as the resignation of Britain’s finance minister threw Prime Minister Boris Johnson’s government into a crisis.
In a post on Twitter finance minister Sunak stated “The public rightly expect government to be conducted properly, competently and seriously. I recognize this may be my last ministerial...
hi everyone, DXY is making a rising wedge pattern shape from 4hrs to day tf...
primary target is around 105.5 or below to test the strong support trend line if it pulls back
if the price breaks out of wedge then 103.86 which is the strongest support
Macd has been making alot of bullish momentum but could this be the last?
if the price do pull back it'll most...
This is a chart of the U.S. dollar currency index with Fibonacci Retracement levels applied.
These Fibonacci levels take the entire history of the dollar index into account as they were drawn from the all-time high in 1985 to the all-time low in 2008.
On the bottom is the monthly RSI. It is extremely rare for an asset to create bearish divergence on a timeframe...
Greetings to all.
I expect the US dollar index to decline in the medium term.
Disclosure: This article may not take into account all the risks and catalysts of the assets described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer...
With Burry saying we still have 50% more downfall to go - that leads me to think the DXY has quite a bit more room to run (along with plenty of other macroeconomic contributing factors of course) I just decided to single out Burry lol.
I can easily see a ~120 DXY which would be carnage for stocks and crypto - earlier today I saw that the the euro/dollar had...
I guess you saw this crazy bullish move on Dollar instruments today.
With a monthly candle close above a major weekly supply cluster,
greenback shows its willingness to go higher.
The next resistance that I spotted is 108.0 - 109.75 area.
I guess that it is the next goal for buyers.
❤️If you have any questions, please, ask me in the comment...