dollar undex for short*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Shortby iminigham11Updated 4
DXY SELL IDEA 4/22/23Will be looking for bearish price action in highlighted box here.Shortby kamaricolmn0
DXY’s Struggle Amidst Market TensionsIn the current landscape, the Dollar Index (DXY) displays signs of a potential turnaround. Despite an unanticipated fall in retail sales, the DXY has managed a climb, posing a dichotomy against the backdrop of the economic narrative. Its advance within the bounds of a recently formed trading channel underscores the market’s complexity. Technical Take: The DXY has made a notable push, hovering over the 105.800 support after a positive breakout past the 106.00 psychological barrier. However, it’s the resistance at 106.400 that traders are eyeing for a decisive market cue. A breach here could validate bullish inclinations, yet we're acutely aware that failure to hold these gains might lead to a reevaluation of bearish prospects, especially in light of broader economic signals and geopolitical strife. Current Positioning: We stand vigilant, prepared to pivot our strategy in response to how the DXY interacts with the critical 106.200 juncture. With the anticipation around upcoming PMI data, the dollar's fate hangs in the balance – strength here could solidify the DXY's position, but any indication of weakening may alter the course. Conclusion: In summary, while the DXY’s rise amidst economic headwinds captures attention, gold's allure remains unscathed, reflecting deeper market currents. Traders should brace for volatility, with significant data releases and geopolitical events on the horizon.Longby TradingFXio3
DXY ANALYSIS UPDATE 4/23/21As I stated before dollar hit my rejection area. If you check the economic calendar we had news for GBP @4:30. We created a bullish gap when that news came out. This set a stage for my trade idea for an entry. Why? My bias short term is bearish and I have a bearish target. Disrespect of a gap that was created in the opposite direction of my bias would validate that sells on DXY and buys against would be a good idea to trade. Lower red line is my final confirmation and will activate me looking for buys over on GU to enter.Shortby kamaricolmn0
DXYDXY showing support, i dont trade this index, but have used this to support current trading against other pairs by iainfallowfield1
DXY analysis 4/23/21Breaker block rejection zone was reached. I’ll be waiting for by open to start moving price again before I enter any trades personally. We have news coming out this morning and price action is supporting the short term bearish movement. Next update should be a trade idea for a sell down Shortby kamaricolmn0
Levels discussed during Livestream 23rd April 23rd April DXY: Likely to range between 106 and 106.40, needs to stay above 105.80 NZDUSD: Sell 0.5895 SL 15 TP 30 AUDUSD: Buy 0.6465 SL 25 TP 70 (Aud CPI Tmr) USDJPY: Sell Order 154.70 SL SL 20 TP 80 (wait for price to break above 154.85 before setting order) GBPUSD: Sell 1.2370 SL 20 TP 60 EURUSD: Look for reaction along 1.0760, rejection, Sell 1.0715 SL 25 TP 100 USDCHF: Wait and see USDCAD: Sell 1.3690 SL 30 TP 80 Gold: Needs to stay above 2300, if bounce above 2315 could climb to 2340 by JinDao_Tai5
DXY Will Fall! Short! Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 105.968. Considering the today's price action, probabilities will be high to see a movement to 103.741. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 113
DXY CONSOLIDAIONThe dollar reached a HTF PD array then proceeded to react off of it, back into a H4 FVG. 23/04/2024 is a busy news day. Shortby FxPippenUpdated 0
EURUSD & DXY DAILY MARKET REVIEW-JOURNALThis is not a financial advise it's for educational purpose only. Like and follow me for more 🥰16:15by DigitalWealthTrad0
Us Dollar.Dollar will test the last leg of down-trend before impulsive moment to the uptrend . Longby umairrobleh0
U.S Dollar: April 22nd-26th, 2024Bullish Dollar/ Bearish Euro + Pound: - Euro + Dollar ended up ranging out by previous week's close. - Prev. week close, printed an imbalance on the weekly chart. - Until htf draw is booked I am bullish on Dollar, so im expecting us to exit this range to the top (after a run on sellstops...) - Approaching the end of the month, so I want to see it pick up the pace considering our buyside targets have not been booked. Longby mill_zaireUpdated 0
DXY analysis 4/22/21 (Evening update)This is more than likely the first trade im going to take this week. Im looking for dollar to be bullish overall but I tend to trade what I see. Price has taken a previous daily high (Friday HOTD. Since that liquidity has been taken and price has moved away from it, we have started to form bearish structure. In a separate Idea I will highlight what areas of bullish interest have been disrespected that lead me to lean towards a short term bearish bias. Looking on the weekly timeframe, a gap has formed. In my last post I mentioned that I would want to see us push below the low we made on the last weekly candle ( LOTW ). Looking for discount within this gap I have marked out a 1HR liquidity void. I will update as I take my personal entry as well as if and when we reach the target zone. Shortby kamaricolmn2
DXY looks for upside?I assume a bullish flat pattern, should have a 3-3-5 internal wave structure. Just in the middle of the pattern. Trade safeLongby Alpha_Mind0
Mighty Dollar Roars Back: A Wake-Up Call for Global MarkeThe financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe, forcing a reassessment of global economic dynamics. Several factors are fueling the dollar's dominance: • Resilient US Economy: Contrary to forecasts of a slowdown, the US economy has displayed remarkable strength. Robust economic data, coupled with persistent inflation, has prompted the Federal Reserve to take a more hawkish stance. Rising interest rates in the US make dollar-denominated assets more attractive to investors, increasing demand for the currency. • US Exceptionalism Narrative: The perception of the US as a safe haven in a world riddled with geopolitical uncertainties is bolstering the dollar's appeal. Geopolitical tensions, exemplified by the ongoing war in Ukraine, are driving investors towards reliable and stable economies. The relative stability of the US, compared to global turmoil, strengthens the dollar's position as a go-to currency during times of crisis. • Sticky Inflation: The Federal Reserve's fight against inflation is another key driver of dollar strength. The Fed's commitment to raising interest rates, while potentially slowing economic growth, is seen as a necessary step to curb inflation. This hawkish stance stands in stark contrast to the dovish policies of central banks in other major economies, like the Bank of Japan (BOJ), which continues to maintain ultra-low interest rates. This divergence in monetary policy further strengthens the dollar's relative appeal. The Ripple Effects The resurgent dollar has significant ramifications for global markets: • Currency Devaluation: A stronger dollar puts downward pressure on other currencies. This can make imports into the US cheaper but exports from the US more expensive, potentially impacting global trade dynamics. Emerging market economies, particularly those heavily reliant on foreign capital, could face currency depreciation and capital outflows. • Equity Market Volatility: The rising dollar can create headwinds for equity markets outside the US. As the dollar strengthens, foreign investments become less attractive, potentially leading to capital repatriation and reduced liquidity in other markets. This could lead to increased volatility in global stock markets. • Commodities Market Impact: A strong dollar generally translates to lower commodity prices. This is because most commodities are priced in US dollars, so a stronger dollar makes them relatively more expensive for holders of other currencies. This could impact countries heavily reliant on commodity exports. The Road Ahead The future trajectory of the dollar remains uncertain. The path of US interest rates, the evolution of global economic conditions, and the persistence of geopolitical tensions will all be crucial factors shaping the dollar's strength. The current scenario presents both challenges and opportunities for investors. A strong dollar can create opportunities in US assets but necessitates careful portfolio diversification to mitigate currency risks. The evolving global landscape demands close monitoring and a nimble investment strategy to navigate the volatility. The resurgent dollar serves as a potent reminder of the US economy's enduring strength and its role as a global anchor currency. As the world grapples with geopolitical and economic uncertainties, the dollar's reign is likely to continue for the foreseeable future, demanding a recalibration of global investment strategies. Longby bryandowningqln0
DXY 4/22/24 weekly analysisI am expecting price for this weekly candle to close bullishly. Looking at where we are in price we are approaching a Daily gap and a Monthly High. Being that we are so close to these to high timeframe targets I am not expecting any kind of deep retracement to happen this week. At most I would want to see no more than the LOTW last week to get taken before we start to push higher. Today is not a day that I will be exposing myself to the market considering we have no kind of significant news to move price. This lack of news usually equates to low probability price action. More than likely I will be active in the market tomorrow. That being said I have a bullish bias going into this week. I want to do something different and give you all access to my personal trades as I take them so make sure to follow me for updates Longby kamaricolmn0
DXY sell after retest resistance zonehello dear trader I think the dollar will continue to fall after filling the gap... there is a strong resistance zone above it... harmonic pattern and resistance zone and fibos... on the other hand, due to the high bank interest rate and the possibility of a bank collapse Again.. the soft landing will begin soon i think the yello area is the best place for open the sell position good luckShortby mehdi_kb4
DXY Next move!(4/22/2024)In our last analysis, the DXY TVC:DXY continued its upward movement. actually due to geopolitical crisis, the market was betting on stronger dollar. We believe that this week is going to be calm and slow market. we are still bullish on US dollar. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Longby fortunamarkets1
$DXY #Dollar Index Trading IdeaDXY (Dollar Index) has formed a big ascending channel on the 12h-1d charts. It looks like it might go back down to the lower end of this channel. If the DXY drops like it usually does alongside crypto movements, this could really kick off another rally in crypto. Keep an eye on it!Shortby planfomo6
DXY Index Pair : DXY Index Description : Impulse Correction RSI - Divergence Symmetrical Triangle Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame by ForexDetective2
Dollar Index In View Ahead of DataAhead of this week’s US GDP first estimate print and the PCE Price Index numbers, the US Dollar Index will likely be a watched market. Buyers remain firmly at the wheel. YTD, we are nearly +5.0%, with April on track to close higher for a fourth consecutive month, up +1.5% MTD. And from a technical standpoint, further outperformance is on the table. Long03:11by FPMarkets3
Looking into the week ahead!Week of the 22nd April (H4) DXY: Consolidate along 106 level, look for breakout above 106.50 to get to 107.15 resistance level. NZDUSD: Sell 0.5865 SL 25 TP 60 AUDUSD: Sell 0.6440 SL 30 TP 90 USDJPY: Sell 153.60 SL 35 TP 160 (possible intervention / BoJ adjustment to rates) GBPUSD: look for reaction at 1.2340, Sell 1.2310 SL 40 TP 120 EURUSD: Sell 1.0595 SL 30 TP 70 USDCHF: Buy 0.9160 SL 30 TP 70 USDCAD: Sell 1.38 SL 30 TP 90 Gold: Retrace to test 2327 and bottom of bullish channel, if level holds, bounce to 2400 resistance, beyond resistance, 2450 by JinDao_Tai6