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Dxyforecast

DXY - start of the Roaring 20sHi there, DXY charts are preparing a massive fall on the Monthly timeframe, we will see new lows for DXY, Currently we are sitting at the top of the Falling wedge, in the last wave (5) at the weekly chart as well, preparing a topping process for a massive fall which will follow for DXY Fundamental reasons for DXY fall- Dollar loosing his "World reserve Currency " as we see examples from Russia, Demanding payments of Gas and Oil in Rubble, this is Showing a change of regime for the Dollar Dollar has been so strong last week, Why? In a last wave and a topping process, market makes sure to Change everyone sentiment , and bias , to that particular currency, in this case the Dollar, a massive move on the upside is turning everyone into Bullish on the Dollar, as it prepares a massive Fall, and when the fall Starts, Nobody will be expecting it, as we saw a massive rally last weeks. Currencies to Long vs the Dollar Mainly , AUD, GBP, EURO, NZD Which Currency will be the next "World Reserve Currency"? From the charts, JPY is suggesting that it will be the next strongest Safe Haven in the incomming Months, So, Prepare to Short USDJPY as well, on this Dollar crash Good Luck!
TVC:DXYShort
by fernandoc17
6
#DXY is giving us a hint for the upcoming move in the market.I'll keep it short and simple. Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level. Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market. The index must close below the red MA for the final confirmation. Although we are at a decisive point, the patterns are indicating a potential bearish move. Invalidation:- Break and close above the upper resistance trendline will invalidate the chart. Let me know what you think. Do consider hitting the like button if you like my content, Thank you. #PEACE
TVC:DXYShort
by Cryptorphic
6
Dollar Index Trend AnalysisBoth RSI & Stochastic are showing hidden bearish divergence in monthly timeframe. Stochastic maxed out in monthly and weekly is approaching max level. RSI is strong in both monthly and weekly. Important level to watch out for is 102.250 This level is likely to be the top as per the symmetrical wedge pattern. Another important level which is more likely to hit is 105.410 You can see the dashed orange line proved to be an important key level in the past. It is at the top of the parallel channel and also near 70% retracement level to add more confluence.
TVC:DXY
by Swastik24
DXY US Dollar: Fractal UpdateToday 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 may be before a reversal. Shockingly that price range is very close to my DXY price on the February and January 2022 Idea in the related ideas below. Currently, the DXY price may head back down to the Fibonacci Retracement level of 0.50 as shown in the chart. This is also near the 200 SMA. The price drop may give the crypto and equity markets a chance to move higher. When zooming out, the US Dollar price looks very bullish in the long-term. This is a monthly chart so please be patient with price action. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:DXY
by MillionaireEconomics
5
DXY create ab=cd pattern. So BUY Now..... 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 signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
DXYThe weekly price chart below shows the U.S. Dollar Index rose strongly last week, in line with the long-term bullish trend, printing a bullish candlestick that closed in the top quarter of its range. This was the highest weekly close seen since May 2020. The low of the weekly candlestick was not far from the support level at 12293. Dollar bulls will be encouraged that the nearest support level, shown in blue at 12293 within the below price chart, has continued to hold, and the price has continued to advance to new highs. However, the price is not far from a key resistance level at 12470 which may impede further progress, at least over the short term. It will probably be wise to take trades in favor of the US Dollar in the Forex market over the coming week.
TVC:DXYLong
by SmoothJB
DXY - Longer term! $DXY Longer term view Here's a longer term view technicals of DXY - Very important chart especially as we head into march with expected rate hikes and we do have FOMC today - as we anticipated the action forward ..Never forget the market is forward looking as yields head higher. The bullish momentum has occurred last yr Q4. Most of the % hikes is priced in but we could still have more bullish momentum to continue. Bullish if we stay above 50/21 EMA. Bearish if we go below 50/21 EMA. KEY TIP: Higher time frame is always a good indication for short term time frame movement. Trade Safe Disclaimer: Not Financial Advice
TVC:DXY
by Trade_Journal
US DOLLAR INDEX - FUTURE FORECAST?The USD is the strongest of the major currencies and in doing so, the dollar index (DXY) is also making a new high for the year. The index trades at the highest level since June 2020. Price Action: DXY has been in bullish trend and trading in bullish parallel channel (as shown in chart). This channel has been very reactive in the past. Currently price is standing at the top of the channel near psychological mark of 100. It has printed bearish divergence on RSI and considers as strongest due to the current standing of price action. While bears put 2 strong points on the table of divergence and channel top. Bulls counter with a breakout of month long consolidation. We remain watchful of the price action and trade it with the price action. What do you think? Who will win this battle?
TVC:DXY
by TradeTrio
2