DXY fundamental analysis The dollar tumbled after US consumer inflation data fell more than expected in October. Annual headline inflation ECONOMICS:USIRYY fell to 7.7% in October, from 8.2% the previous month and below the 8% predicted. The core measure of inflation ECONOMICS:USCIR , which excludes volatile energy and food costs, fell to 6.3% from 6.6%,...
Similar Up Channels can be drawn, with the period in the middle being a period of low / no growth Early growth can be used as an indicator of future growth? The horizontal white line is a baseline, very strong support
The federal funds rate was increased by 75 basis points at the FOMC meeting in November to a range of 3.75 and 4%, as widely expected. The press conference of Chairman Jerome Powell was more hawkish than imagined. The Fed Chair remarked that there is still work to be done in terms of rate hikes and that the peak of interest rates would be higher than previously...
After a long period of uptrend, US DOLLAR INDEX reached its critical point. The Fed raised interest rates last week. After that, dollar index a very strong growth and reached the level of 114.400. What's next ? I have no problem admitting that the XXX/USD short trade is the only trade right now, with the US Federal Reserve and other central banks intent on...
US dollar bulls have seemingly halted their accension as they wait for the U.S. inflation data that is due this Tuesday. The market is predicting that August's headline CPI may edge lower by 0.1%, further strengthening the case that US inflation has peaked. Even so, it is said that the US dollar has priced in an 85% chance of a 75-basis-points rate hike from...
The US dollar has defied gravity this year, rising 15% so far, with the DXY index on an exponential upward trend since May 2021, owing to strong macroeconomic factors that continue to support the Federal Reserve's plan to keep raising interest rates aggressively. From the DXY monthly chart, we can see that the long-term major trend is still well in...
US Dollar Index Long | Small Risk, Huge Reward | R:R +11.6 Position 1 Entry @ 105.762 Stop Loss: 105.500 Primary Take Profit: 107. 250 Swing Take Profit: 108.800 __________ Position 2 Entry @ 105.710 Stop Loss @ 105.080 Primary Take Profit: 107. 250 Swing Take Profit: 108.800 ___________ Use the Risk-to-Reward Visual Trade Levels For Risk...
N.B- In this situation DXY chart create ab=cd pattern. So, market need to seems BUY correction Up to 107.300 resistance level. Then Market fall to 106.150 & 105.400 Support level.
In this situation DXY chart create Bearish butterfly harmonic pattern. So, market need to seems sell correction 107.3000 & 106.650 support level. If breakout 108.620 resistance level then market will go 110.00 level.
Added some time line information to the inflation rate chart
US Dollar Index is bullish. Recently, it has arrived at a new high since 2004. Therefore, we need to carefully watch the current price action to see whether the price will close above the resistance level at the end of this week. If the price clearly closes above, then we expect further bullish continuation for DXY. This could lead to a prolonged bearish movement...
DOLLAR INDEX can come back from here or grows to touch the orang line. Orang line is the most important line and it's big triangle of biggest wave 4. I think it will have wave E and after that grows to top of the biggest channel.
The trend a bit extended but I'm keeping the same target of my previous idea.
Today I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1995-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price to see where the top...
N.B-In this situation DXY chart create ab=cd pattern. So, Market needs seems to sell correction To Support Zone. Then market fully bullish 100.400 AND 100.850 Resistance Zone. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell...
DXY is in ascending channel since 31 May 2021. USD is losing its momentum. Stoch RSI and RSI shows weakness. Tom Demark count gave red 1 on the weekly chart. I expect further decline. Prepare for weak USD in the coming weeks/months.
In this situation DXY chart create Symetric Tryangle Megaphone Apex. So,If break out 99.00 risistance Zone then market goes to 99.200 & 99.400. If breakout 98.400 support zone then market goes to 98.00 support zone.
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!