DXY - LONGDXY - LONG I'm expecting long for CPI before that market can react any of this Scenario. if I'm wrong I wont be lousing my account, so I do expect the from from all of you guys, so risk small and always use SL. wait for the SETUPS.. V.RaguLongby Ragunath-London1
DXY(Dollar Index):🟢Possible scenarios🟢(Details on caption)Well hello, traders. Here is my view on the DXY daily chart. As you can see the price left the buy-side liquidity which formed as an equal high, and then respected to the 50% of bullish FVG which is internal range liquidity. In this condition usually, the price seeks to the external range liquidity. So the first scenario is bullish and I follow this scenario (High probability scenario) The second scenario is bearish, if the price respects the bearish order block or mean threshold of this order block we will see the price move down. All in all, if the bearish order block can not hold the price we will see a bullish week, and if the price respects the bearish order block the weekly candle will be bearish. 💡Wait for the update! 🗓️01/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌 Longby VahidTradingCR112
Correction It is expected that the fluctuation and rise to the resistance levels will be formed, then there will be a possibility of changing the trend and the beginning of the downward trend will be possible. Shortby STPFOREX0
The $ Rises Despite the Impact of US Unemployment Claims DataUS unemployment claims have increased, but the US dollar remains strong due to expectations of high Fed interest rates. The US dollar rebounded in New York trading on Friday (5/10/2024) after a slump following the release of yesterday's unemployment claims data. The US Dollar Index (DXY) held steady around 105.30, while the greenback outperformed in most major pairs. Last week's weekly unemployment claims data showed an increase of 231k, more than the previous week's figure of 209k, and the consensus estimate pegged at 212k. This is a sign of further weakening in the US labor market, in line with the poor Nonfarm Payroll report last week. However, the US dollar only weakened modestly because expectations of Fed interest rates remain very high. "They are still offering the highest interest rates in the G10 space. So, along with low volatility, it indicates that the US dollar will remain supported," said Alvin Tan, Head of FX Strategy Asia at RBC Capital Markets, as quoted by Reuters, "(This situation) will be more range-trading unless we see a surprise." Consolidation phase was observed in several major pairs, including USD/JPY and GBP/USD, which were the main focus this week. USD/JPY is still held back by the hawkish statement from the Bank of Japan yesterday below the 156.00 threshold. GBP/USD was initially hit by the dovish stance of the Bank of England but stabilized by the upbeat UK economic growth report in Q1/2024. Market participants are now awaiting the publication of several US inflation data next week, especially the Consumer Price Index (CPI) and the Producer Price Index (PPI). If the data confirm a continued downward trend in inflation towards the 2% target, expectations of Fed interest rate cuts could heat up again and hit the US dollar. Conversely, indications of persistently high inflation could support the greenback.Longby Meldir_1
DXY - Blood Soon Spill After last weeks -1.84% sell off into 104.522, it’s expected for price action to trade within a rangebound state, as accumulation needs to take place in order for the next draw of liquidity to be attacked. Although the majority of the week has been bullish, Thursday saw significant selling pressure, booking at the weekly EQ @ 105.212 before reacting to the upside at an array that was premeditated. Economic Calendar Monday - 1 Red Folders, 1 Gold Folder Tuesday - 4 Red Folders, 1 Gold Folder Wednesday - 7 Red Folders, 0 Gold Folder Thursday - 3 Red Folders, 5 Gold Folders Friday - 0 Red Folder, 3 Gold Folders Dollar index still trading 3/4 into the weekly fair value gap and i would like to see the highest displacement FVG attacked @ 105.741 with pending buystops also in the crosshairs @ 105.897Longby LegendSince1
DXY : USD is forecast to weaken at the end of the yearFor USD, the weekend before May 10, the SBV announced the central exchange rate of 24,271 VND, an increase of 6 VND compared to the previously listed rate, the reference exchange rate at the SBV Exchange was at 23,400 - 25,450 VND. . Buying prices at commercial banks currently fluctuate between 25,120 - 25,225 VND while selling prices reach 25,484 VND. On the black market, the buying and selling price of USD is at 25,670 - 25,750 VND. Despite trading in a week lacking directional data, the DXY index remained quite volatile and overall had a bullish week of trading. The index is currently still trading above the key support level of 105.00 at the time of writing. This week, the market will be quite busy when the US economic calendar thickens with PPI, CPI and Retail Sales,... announced. Most important will be the CPI, which has a significant influence on market expectations of the Fed cutting interest rates.Shortby SantaTradeGold1
DXY in daily chart.Hello everyone as you all of us and our markets are dependent to US Dollar and it is true, if you like it or not. For this reason we should consider its chart as a confirmatory study (but not always). If this counting and prediction is correct, so we will see a sharp drop in DXY that can justify our expected rally in Crypto market (and other high risk markets). Thanks by AMA_FXUpdated 5
i am still Bullish on the DxyThis week we have red folder news Tues - Thursday. We will be having tons of volatility from these news. Be patience and wait on your setup. Until my tread line is broken, i am still bullish on DXY. My target is 106.00. Have a good week.Longby youngneilUpdated 1
I am expecting dxy to down further before going north.Dxy enter the IFVG last which overlaps with the -71% on the fib. This is a strong zone and i will be looking for dxy to go north. Let me know what you think by leaving a comments. Longby youngneilUpdated 115
A new financial crisis for AmericaAccording to Ichimoku cycles the price will be falling until year 2029 and after that it could decrease more and the economy of America will be destroyed. This analyze is 100% correct.Shortby Rasoolrst1
The Dollar(DXY): Charting the Path to Bullish MomentumGreetings Traders, I'm observing a sustained bullish institutional order flow in the Dollar, targeting the weekly and monthly buy stops as my buy-side objectives. Currently, we're operating within discount prices, having rebalanced the daily discount Fair Value Gap (FVG) and tapped into the mitigation block, a zone of institutional support. Additionally, price has respected the rejection block and provided a market structure shift, signaling a potential continuation to the upside. Watch the DXY & GBPUSD Weekly Outlook Video: Feel free to leave any questions you may have. Best Regards, The_Architect Longby The_Archi-tectUpdated 2210
US DOLLAR INDEX(DXY): Bearish Continuation↪️The Dollar Index broke through a significant daily demand zone last week, which has now become a supply area. The price is currently testing this broken structure and I have identified a bearish flag pattern in the intraday price action. The price has broken below a support line of the bearish flag pattern and closed below it, leading me to anticipate a further decline to around 104.99 / 104.65.Shortby linofx13
Sexy sells week of May 12 2024Day expected to give a temporary push to the upside before supply takes over and price falls. These sells may originate from our first entry level at Alta order block, but we may clear those highs and grab liquidity first before continuing down (entry 2).Shortby TheDream201
DXY, D1Looking for long movement, will waiting in smaller timeframe to get a better entry and set up.Longby chinghola0
DXY Weekly OutlookPATIENCE IS THE KEY TO SUCCESS! DXY we are interested in only in BUYING IT , RESPECTED THE 4H OB REACTED OFF THE WEEKLY INVERVERSE FVG, CLEAR SIGN OF BULLISH MOVEMENT ! HOW TO TRADE IT ? wait for the lower timeframe confirmations to execute Sells on AU EU GU XAU / USD, with proper risk management. At Forex Jin , we’re out to prove that Forex Analysis can be just as trustworthy as expensive subscriptions. Our reliable Forex Analysis will provide you with expert advice about when to buy and sell the major currency pairs without costing you a penny. If you’re looking for daily/weekly analysis , we recommend that you peruse our channel for a look at some of the best professional analysis.Longby Talhajin4
Using ICT Concepts, the Dollar will rally until June.Seasonals tell us the Dollar rallies from May until June to form a high before it declines for the rest of the year. Here, on D1 DXY chart, I've marked my long levels @ 104.500. We'll want to see a rally into 107.000.Longby YugoQuinTaNa0
DXY Will Go UP! Buy! Hello,Traders! DXY made a retest of The horizontal support Of 105.000 from where We are already seeing A bullish reaction So we think that the Index will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals1110
DXY Elliott Wave CountCurrently we are in the third intermediate wave to the downside with possible target around 99.00 level. The primary C wave will drag the price to 90.00-85.00 before the 3rd cycle move to 120.00 level.DShortby Tradingstrategyguides2
Usd likely more downside coming..bias to shortHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking to short USD more bias on short. Therefore setup on the majors or USD pairs for me will bias to go on shorting USD. Trend looks like a retesting of Supply level for shorts. 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_Boys0
✅DXY SWING LONG🚀 ✅DXY is going up from The horizontal support Of 105.000 so we are Locally bullish biased Therefore we will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
DXY OUTLOOKDXY is Bullish on HTF. Well DXY has always been on our weekly watchlist not because we trade it but since it measures strength of the dollar and it provides confidence when trading dollar relative major currency pairs. on the 03 May 24, DXY played out as predicted where it mitigated the MTF-IMB then slowly went up. That's where we saw MSS or alignment with swing structure. Current structure: The market has broken above last swing H>Momentum> LQ>Extreme zone. Initial POI was mitigated and left a fresh POI which the market is currently in, on LTF liquidity has been purge; saw CH and now we can expect the market to mitigate the LTF POI/ 50% of the HTF wick before it moves to form new highs/ mitigate last swing high. This gives us the idea that currency pairs that are in relation to the value of the dollar like EU;GU;AU..etc. will experience shorts and currency pairs that have a dollar as a base might experience longs. During Pre-market open; analysis will be evaluated and executed accordingly. Longby Ocean982
DXY 4H ChartHi everyone! DXY is bullish in 4H chart.Clearly pump from the 50% of the FVG and there are relative equal highs above to be targeted next week .so in the coming week GBPUSD,EURUSD may be bearish and USDJPY may pump hard.... Good Luck Happy TradingLongby Engr_Zaheer_786_Setup2