Dow Jones FXCM Dollar Index
Hey traders, This week, Dollar Index broke and closed below key daily structure support. And as I predicted, the market dropped nicely after its retest. Next week I will expect a further decline. Next support - 101.0 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Don't fall for the latest bear trap, the US Dollar Index is just warming up. Don't get suckered back into the final dead cat bounce of the NASDAQ, S&P 500, risk-on stocks, index funds, crypto and any other junk asset NOT part of the greenback! I predict that the US Dollar will easily reach 165 by July 1, 2022, coinciding my prediction of the entire crypto market...
When the DXY goes up markets crash when the DXY goes down markets go up. If the DXY continues down we will have a bull run in stock and crypto if we go even further down like in my chart we would have a crazy super cycle type bull run In the markets that could last a decade
Next week, we could expect the dollar to continue to weaken. Our target is 101.00-101.220, and maybe below that.
The DXY has fallen to support at lower levels, as the dollar strength has continued to unwind. We fell from the 104's to support at 102.86, then to 101.70, and finally the level below that at 101.39. We are seeing some green triangles on the KRI to suggest support at these levels. However, if they don't hold, 100.98, then 100.46 are the next targets below. If...
DXY H4 So far moving pretty much as expected, we have had this assumption and market bias and expectation for a little while now, and it's starting to unfold. Lower low and lower high structure trend, with the exception of FOMC Wednesday. Hopefully we can see DXY fall too 100.00, gold push to $1900 and cable 1.30.
HELLO The decline of the MA7 and its intersection with the MA20 gave a signal to everyone about the decline in the dollar's strength, thus giving a new impetus to the markets. This is true, but it should have crossed with the EMA50 and held below it to be sure. -The EMA50 is often a strong support line that the price bounces off of, and this is what happened today...
As observed, Dxy is in a descending channel. A divergence is also observed. This confirms the drop.
🎯DOLLAR will most likely make it to the OB below, there will be end of this week bearish move. Dave-FX-Hunter ⚔ ✅ Share your thoughts and charts to traders...
#DXY Chart Analysis:- $DXY currently trading at $101.5 Now $DXY seems Bearish so This is good for Bitcoin. Still Holding SuperTrend Support. Support 1 = $100 ( SuperTrend Support ) So Let’s see $100 Support hold or not. If Hold Then we can see more Bearish on Bitcoin. But If Failed to Hold $100 support then we can see #Bitcoin around $32800-$34000 Keep an...
✅DXY is going down currently And the pair broke the key structure level Which is now a resistance, and has made a pullback And the retest, so I think the price will go lower now SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello Traders, I think it is time for the indicators to recover and the dollar to fall from it strongest area, even if it will continue to rise. I expect to visit 100$ before rise , the scenario is different in case it rises above 105 and remains stable above. If you like this idea, do not forget to support with a like and follow
Late April I made an analysis on the Dollar Index (DXY). In that analysis I argued that the DXY had a huge impact on the price of Bitcoin and crypto in general. Since then, the DXY has risen further and Bitcoin's price fell from $39k to $29k. However, there might finally be a light at the end of the tunnel. If you look back at the DXY's history, you see that...
Hey traders, This week, Dollar Index broke and closed below key daily structure support. Now we see its retest. Analyzing the reaction of the price to the broke structure, I spotted a cute double top formation on 1H time frame. Its neckline breakout will most likely trigger a strong bearish move. First goal - 101.7 ❤️If you have any questions, please, ask...
What has been the best investment/position of 2022? The best trade was of course to be "short stocks" or "short crypto" but where could we have put capital to have achieved the best return. Believe it or not, despite all the FUD narratives about inflation and the US Dollar's weakness, one of the best performing assets of 2022 was in fact... US Dollars. That's...
DXY Completed AB=CD pattern at 103.90 A correction may happen from here and price may pull back to 99.50 Find Bearish Signals in 4h chart SL above the recent high
#DXY The Dollar index is completing yellow minute wave 4 of purple intermediate wave A which should reverse and go down to around 98 area then a reversal back up to 110. GOODLUCK!
DXY has advanced in a parabolic curve from 89 to 104. Parabolas typically reflect frenzied, irrational buying and one can expect a swift correction - typically 50% of the parabolic move. A 50% decline from the top to the start of the parabolic move gives us a short target of 97.