Jugok Trade

Dollar Index (USDX, DXY, DX, ICE: DX) T/S : Trend Trading B/S : Buy Entry : 105.60 Target : 114.50 (8.43%) Stop : 104.00 (-1.52%) Date : Oct 31, 2023 Note : US dollar itself is and will be very weak, but it is and will be relatively stronger compared to the other currencies. Reference only! Forecasts may be right or wrong. We hope you make a better strategy of your own by referring to the above. Good Luck. Few People Understand The Next Stage Of The Cycle Of Evil Is About To Hit Them - King World News : Egon von Greyerz Neither NATO Needs Ukraine, Nor NATO Needs to “Pivot Towards Asia” - The 4th Media: Oriental Review

ICE:DX DXY US Dollar Index Trade : Sell Bounce Entry : 92.5 Target : 77.07 (15.43, +16.68%) Stop : 95.24 (-2.74, -2.96%) Posted on Tuesday, December 22, 2020 Note : The dollar index (ICE : DXY) is expected to continue to fall and fall. There seems to be no strong support lines to stop its falling. We may guess, as supports, 85.10, 83.38, 77.07 and 70.48. Resistance could be 95.24. Is the US dollar still alive? Or, is it already dead? US dollar is still alive but barely breathing. Probably, there will be a dollar crash next year. It would be very severe, so it would make people dumbfounded. Even now, the value of US dollar itself is constantly falling and falling. We should see this. 2021-2025 EUR/USD Euro rates forecast, Buy, Target 1.4481 (+20.68%)

ICE US Dollar index futures (USDX, DXY) prices are on the upward trend, and are likely to go higher. The USDX prices are approaching a very important level of 99.1. They are likely to break through that line and that means USDX will go higher. The target price could be 115. When prices fall, it will be a good opportunity to buy. The exchange rate market is running boring. In the midst of that, US Dollar rate is rising quietly. US Dollar is strong against other currencies. Many people and experts talk about the collapse of the US Dollar. I agree with them, however, not on the time. The dollar will continue to be strong against other currencies over a few years. [USDX, DXY, ICE US dollar index futures monthly chart]

Will the US dollars fall? In my opinion, they will not. So-called they like printing money. The economy is not good either. The value of the dollars have been steadily declining, almost reaching zero. However, the dollars will be relatively strong against other currencies. Other currencies seem to exist for the dollar. The dollars may collapse someday. However, other currencies may collapse before the dollar. Of course, we do not know yet whether or not. The US Dollar Index (ICE: DX) is likely to rise. The support line is 95.07 and the resistance line is 108.2. A very meaningful line is 97.6. For the time being, they are likely to move between 97 and 100. In the medium term, they will rise to 108. [US Dollar Index monthly chart, ICE: DX, USDX, DXY]

US Dollar Index Futures (ICE: DX) is likely to take a sideways walk for a while. There are many experts who say that the dollar will fall. Also, many investors seem to think so. However, my opinion is different. The dollar will not fall. Even if the dollar is not rising, it is likely to at least take a sideways walk. After that, the dollar will be relatively strong against other currencies. If the dollar index futures price falls, it seems to be a buying opportunity. The key price of USDX (ICE: DX) seems to be 97.825. If it secures this price line safely, it will be a signal telling that it will go higher. If it falls, it would be better to look for opportunities to buy. [US Dollar Index futures monthly chart, ICE: DX, DXY, USDX]

There are many experts who say the dollar will collapse. From a very long-term perspective, I agree with them. However, in the relatively short term, it seems not to be. The dollar strength is likely to continue. Think how much and many dollars are carpeted all over the globe. Probably, it is the countries subservient to the dollar that fear the dollar will disappear. USDX (US Dollar Index, ICE:DX) Price Long Term Forecast and Trading Ideas:  Long Term  BUY(Long)  Eentry Price  below 94.27  1st Target Price  112.75  (+18.48pt,  +19.6%)  Stoploss Price  90.91  (-3.36pt,  -3.56%) [USDX US Dollar Index Monthly chart, ICE: DX]