Linked to my previous post. I am caught the sell and I´m into the buy now.
After steadily climbing throughout 2021, the DXY saw a solid start to 2022. The US Dollar Index rallied from a low point of 94.63 in mid-January to a 20-year high of just over 114 in late September. DXY has experienced a significant drop since the publication of cooler-than-expected inflation data. Expectations of slower rate hikes from the Fed, and a lower...
US Dollar vs Yuan or US Dollar vs Offshore Yuan, technically they are establishing divergence. Above chart is my projection in time to come. When Dollar vs Yuan moves lower, this means we are seeing a weaker Dollar and a stronger Yuan. See the following link for its video version. The Chinese yuan, also known as RMB, is the official currency of China. It is...
The US dollar's downward trend will continue, which is great news for the crypto market as they mostly work inversely proportional to each other! 🚀💰
i have been following dxy for about a week and been tracking to the t to help with getting in and out of dxy pairs when this move is ready to go up ill be looking to sell gold and a few other usd pairs like eu
gold May retest 1931 to go LONG or may retest 1808 to go LONG any closure of weekly candle above 1990 means gold is going to fly
The PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR. Other economic factors why the DYX is looking weak are: -Inflation: High inflation can erode the value of a currency, as it...
DXY could not hold itself in resistance area and lost this area and suitable for short
As you can see from the chart we have a good idea here, trendlines, support and resistance level gives a good setup for this pair.
Long term USD/EUR idea. Cycles are up for the dollar until June, but are down again after that until end of the year. It will be volitility and that will creat opportunity. I play FXE often when trading the EURO, and i trade inversely correlated instruments to the dollar to trade aginst it. Example Dollar goes up, gold goes down or Gold goes up dollar goes down....
Key events: USA – ISM Manufacturing PMI (Dec) USA – JOLTs Job Openings (Nov) USA – FOMC Meeting Minutes The classic year-end reviews here and there reminded us of the exceptional nature of the past year: the Russian aggression in Ukraine, the energy and food price shock, serious problems in the labor market, inflation that exceeded the central banks'...
Due to an interest in the potential bullish price action in the Aussie dollar I thought it would be a good idea to analyze this chart at the smaller degree. If this analysis is accurate, then we should see the US Dollar fall from current levels. This will likely also pull crypto prices higher: eventually. Of course, we are dealing with probabilities anytime we...
US DOOLOR index sharp move the next support break, this is the good for the India currency and world all other currency.
As you can see from our chart we have 2 possible zones for GBPUSD to either reverse or pullback from... same rules apply to all and along with pairs, we have a bullish move so dont expect it to reverse without showing us a clear reason for it to do so... by hitting our higher zone we will testing a daily/weekly POI so we will 100% see a reaction of some kind! BUT...
Hello ladies and gentlemen, according to my chart analysis of the us dollar index future, there is a high probability of a decline toward the 104,57 level in the next few weeks!
The US Dollar Index (DXY), which had risen for three days, started to decline early on Tuesday morning, reaching 111.50. The index of the US dollar versus the six major currencies, which also tracks down US Treasury rates, reflects the market's concern ahead of the crucial central bank pronouncements and the US jobs numbers. The US dollar seems to have been under...
a little weak we had under the curve support line but not closed yet on the weekly. maybe little more increase and then see a correction.