Dollar breaking swinging longsDouble bottom is the last confirmation of the descending triangle the we were followed by a floating bullish flag (secondary confirmation/not an initial confirmation to form new pattern), The breakout confirms our buys and nothing can stop us.Longby Ibenathi2
DXY long setup into June highs.Now, watch for dxy buy programs and enter on a buy setup. Of course, short EURUSD and GBPUSDLongby YugoQuinTaNa1
bulish dxymy idea is in the daily and weekly tf we are still bullish and went down to daily tf and identified those equal highs which act as a draw of liquidity Longby reaganbwire001
Dollar Index (DXY) After FOMC MeetingTechnical Analysis: The U.S. Dollar Index (DXY) is presenting a nuanced technical scenario, having established a trading channel over recent weeks. Currently, the DXY finds itself probing the 104.30 resistance level after rallying from deeper support levels. The price action within this channel is crucial as it challenges the 105.00 area, which has consistently acted as a support previously in the past. Market Context: The backdrop includes a recent hawkish tilt in the Fed's meeting minutes which has provided some support to the dollar. However, sticky inflation remains a headwind, tempering aggressive bullish sentiments. This dichotomy creates a delicate balance for the DXY as it navigates between macroeconomic influences and market sentiment. Our Position: We are closely monitoring the DXY’s interaction with the established resistance and support zones within its trading channel. The index's ability to sustain above the 105.00 level could signal a continuation of the upward trajectory, potentially challenging higher resistance levels. Conversely, a failure to maintain this momentum may see the DXY retracing towards the lower boundary of the channel near the 104.00 mark. Key Levels to Watch: - Resistance: 104.9/105.00 - critical levels that could dictate short-term movements. - Support: 104.20/104.00 - a break below this could lead to further declines towards more substantive support zones. Upcoming Economic Indicators: With unemployment claims, home sales data, and consumer sentiment figures due in the U.S., traders should brace for potential volatility. These data could provide further clarity on the economic landscape and influence the Fed's policy decisions moving forward. Conclusion: Investors should remain vigilant, considering both the technical setup and forthcoming economic data. The interplay between a hawkish Federal Reserve and persistent inflation offers a complex trading environment for the DXY. Adjusting strategies in response to the breaking of key technical levels or new economic insights will be essential for navigating the coming sessions effectively.Shortby TradingFXio1
DOLLAR possible long Setup1. DXY broken the trendline. waiting to break the 200EMA cross 2. Once we got the confirmation after the EMA break we can take long while short the USD pairs (EURUSD and GBPUSD). 3.I'll update once we got the confirmation, stay tuned 4.Please support and follow more for updates. Thank you Longby Sha_The_Icon2
DXY FINDS ITS STAND TO BULL Dxy making a standardized move, as the buy momentum begins to sets in, and its gonna employ the Goldsman to embark on shorting gold , follow for more insights , as the next insights will be published in the comment session , boost idea , and commentLongby Ak_capitalist1
DXY - analysis -I will choose according to the analysis to buy -I will divide the risk in half to execute 2 entries (maximum risk 0.5% per trade)by KronFXUpdated 2237
check the trend It is expected that the index will fluctuate in the current support range and then according to the behavior of the index in the range of the support trend line, possible scenarios have been determinedby STPFOREX1
DXY bull to bearshort term bullish, late summer / autum bearish. expecting a run to 10549-106 region before a decisive move, possibly to the low 102 region. by semishah1
USD Index Bullish PlanUSDx looks bullish for the coming week, all xxxUSD will short, get ready for the wave!Longby JrillzFX2
A must-read for trading foreign exchange.EURUSD or GBPUSD The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar will fall significantly in the short term. After all, the market needs to be repaired, and it will take time. It may be necessary to rely on larger news when it falls again. The U.S. dollar index is currently in the process of gradual recovery. I said at the weekend that the index is expected to maintain a range of 105-105.5 this week. At present, the market is in line with my expectations. If you are a friend who likes to do foreign exchange, you can consider selling other currencies by referring to the US dollar index. Priority is given to EURUSD and GBPUSD. The approximate operating space is around 500-1000 points. Pay attention to controlling risks during operation. OANDA:GBPUSD OANDA:EURUSD When the U.S. dollar index reached above 1050.5 and stood firm. You need to consider buying other currencies. These are some of my views on foreign exchange. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner! Longby AA_JackUpdated 3
DXY bearish Elliot wave structure 1.DXY just like my previous idea came to the lower end of the expansion move now headed into a retracement to create the 5th and final bearish leg Meaning looking at xxxusd pairs to be bullish to end the week into next and usdxxx pairs be bearish 2 If it doesn’t break below the 3 leg then it has a probability of reversing / accumulating to the upside causing Xxxusd pairs to continue lower and usdxxx pairs to continue higher PAYtience pays Shortby Onlypips4x1
USD approaching a key level + trendlineHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Could see some retracement upwards, though generally i am still bias on the downside for USD. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* Shortby Shadowing_The_Big_Boys1
DXY - Bearish => Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our previous analysis, DXY rejected the upper bound of the red channel and traded lower. What's next? 📉 DXY is undergoing a correction phase , trading within the rising channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline. 📚 As per my trading style: As #DXY approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst1118
DXY - BUY high probabilityhi, this is a DXY trade with a high probability because price hit a very importan area, using MARKET STRUCTURELongby KronFX6
Bearish DXY Weekly: Bearish Daily: Bearish 4H: Lets see if FVG is respected or notShortby tradermebiali2
Huge Number of Trading Opportunities Next Week The major trading opportunities next week could be front-loaded, with significant events occurring from Monday to Wednesday. USD Seven Fed officials are scheduled to speak on Monday and Tuesday, followed by the release of the FOMC meeting minutes on Wednesday. AUD The Reserve Bank of Australia will release the minutes from its latest interest rate decision. This should help shed light on how accurate economists' forecasts are for a September rate cut. CAD Canada's inflation data is due on Tuesday, with forecasts predicting a slight decrease to 2.8% from the previous 2.9%. This data could be crucial for assessing the Bank of Canada's next moves. NZD Perhaps the most important event for the NZD is set for late Tuesday when the Reserve Bank of New Zealand is expected to maintain its official cash rate at 5.5%. GBP On Monday, Bank of England Deputy Governor Ben Broadbent will make a public appearance, followed by a speech from Governor Andrew Bailey on Tuesday. Additionally, UK inflation rate data, expected on Wednesday, is anticipated to show a significant drop to 2.7% from 3.2%. by BlackBull_Markets3
Dollar Index | Continued Bearish Moves? After breaking a key support at 105, we can expect a decline to 103.9 for the Dollar Index.Shortby uPaSKaLUpdated 5
DXY The US dollar is under pressure due to mixed domestic economic data and external factors, such as China's potential support for its housing sector and a global stock market rally. Technical analysis shows a weakening trend in the dollar index, with key resistance at 105.00 and major support around 104.30.Longby KhalilKarimii2
DXY LongsI'm expecting a bull run targeting the marked out target. Once the first target is achieved i will be looking at how the market will react at that area to make decision on whether to keep on holding or not.Longby leparincaleb1
DXY about to be let loose!DXY retracement from it's last peak seems to have bottomed out, and is starting the next leg up to retest highs. Inflation is driving rates back up, or holding them up. While bonds occasionally sell off and yields rise. I imagine either other countries start lowering yields to prevent banking failures, or the US starts increasing yields to avoid dollar debt problems associated with inflation, the fed will probably exchange the banks bonds with higher yields so they can manage deposits without anymore losses. While the repo market drains... At some point the buck stops and the CB runs out of options. 3hr daily macro micro weekly macro micro monthly Longby MikhiavelliUpdated 114