US DOLLAR CURRENCY INDEX DXY

mkeneug

My analysis points the DXY to most probably retest a resistance level then rally to an existing bearish OB.

Prestoned

Dollar is king

Badcharts

FIREWORKS for gold & silver when the (inverted) inflation adjusted US Dollar breaks above that RED line. With $dxy hitting the monthly defined dome, any combination of it declining and continued inflation levels (or increasing)... Spells... KABOOM!

Badcharts

Repeat after me... "It's the INFLATION adjusted US Dollar index that matters." How many more charts do you guys want to be convinced?

PRO4SSOR

Prepare for the definitive supremacy of global crypto by weakening the dollar. @PRO4SSOR

Badcharts

Note that the 7 year rate of change has broken the triangle chart pattern and a horizontal neck line. Possible retest of the breakdown line, but after that, a rush to negative momentum.

Kazonomics

A closer look at the longterm structure of the DXY can put whats going currently with the US Dollar into better perspective. The current bull wave has more similarities to the mega trend of the 1980s' that lasted 2303 Days or approx 5 years. With each leg of those waves ranging from 400 to 800 days long with consolidations that lasted from 160 - 320...

JoeyMullins

''IF'' PRICE FALLS TO $92.34 THEN I CAN BUY WITH A STOPLOSS AT $88.50 AND TAKE PROFITS AT $101.50 THIS WILL GIVE ME A RISK TO REWARD OF 2.21 This is just a guess and you should manage risk accordingly GL

jrthereaper1

Nothing but dollar strength, the past weeks the dollar has managed to crush a few pairs and it seems like it may continue but it can't without a correction. My bias is still strong and it might still be bullish long term, So pairing the dollar up with weak currency isn't a bad idea but trade what you see not what you want to see.

EmptyEternity

Next year will be the year where stagflation turns into deflation. The dollar will roar and destroy Emerging Markets. This will cause a rush to the dollar as their economies blow up. The debt bubble will finally collapse as Central Banks resort to even more money printing pushing up the dollar in response past 120. Precious metals will capitulate worse than ever...

Badcharts

US Dollar has lost 94% of it's value since 1968 when measured in sugar. I had to put log scale so we could see the magnitude of the drop. Expect it to lose another 60% from here (2011 lows).

vikrambtc

this analysis is based on chart pattern we have broken out of falling wedge and tested is back also so i am bullish on dollars

jlantrip

Dollar is approaching the .5 retrace from the Covid high, quite a bit of confluence from the channel and pitchfork as well as previous congestion in this area. When the dollar pulls back it sets up the next big move in metals/crypto/stocks. Keeping a close eye on this level.

goodguy

I still favor that very long term we are likely in a consolidation such as a triangle before a collapse of the dollar as is suggested in the 2 week chart. On the 2 day chart you can see a up correction of the fall of the dollar that started in late March of 2020. I have labeled the correction as .a to .b. This move up is a 3 wave zig zag. Often there is a...

JumbalayaPuddingBronco

ive never share my dixie charts.. figure i should,, now lol

swimmax

We have a clear double bottom on DXY sitting at 89.54 with a clear rise and break of resistance at 95.x now the push seems to be a pull back to the now support line at 94.5ish and then a run to the bottom of the next channel at 95.9 all the way to 97.4-5. We would like to see the now support line at 94.5ish hold and continue up. This will put serious pressure...

Badcharts

Adding the Fed Fund rate to the equation... If Fed fund rate can breakout on a yearly close basis, then a bonified secular inflation cycle is under way. The US Dollar index might go up nominally, but inflation adjusted will flat line.

dave_tar1980

just an idea 1) price is in top of rising wedge 2) 5 impulse waves of bigger C 3) negative RD in MACD & RSI