DXY1. Massive H&S on DXY Daily. 2. I believe DXY like oil will now resume it's macro downtrend. 3. Exact same pattern on the USOIL is forming. 4. 95-97 is the target for the last and most exciting stage of the bull market. 5. Risk on. 6. Alts in particular will do very well post halving.Shortby PistolPeteno17
Levels discussed in a relatively quiet/consolidative market18th April DXY: Consolidating, could retest 105.90-106 resistance, reject to trade lower, 105.60 NZDUSD: Sell 0.5930 SL 30 TP 60 AUDUSD: Sell 0.6430 SL 20 TP 70 (Hesitation at 0.6395) USDJPY: Do Nothing, Watch for 155 or 153.80 GBPUSD: Buy 1.2440 SL 25 TP 95 EURUSD: Buy 1.0680 SL 20 TP 45 USDCHF: Sell 0.9080 SL 20 TP 40 USDCAD: Buy 1.3720 SL 20 TP 55 Gold: Test 2365, reject and rebound to 2395 by JinDao_Tai6
The Dollar Index 📉After reaching its important price range, the Dollar Index experienced a downward movement. It seems that after a retest of the price range of 105.86 - 106, it will start its downward movement towards 105.1.Shortby uPaSKaL5
DXY falling out the skyI will be looking for pairs that correlate with the dollar. I will be looking for buy entries. DXY broke at least 2 BOS. Dollar formed a head and shoulders and now its ready to rock and roll down this hill. Short04:47by Taneesha117
An impulsive wave (first wave extension)A follow up on my previous post on DXY. I will label the leading expanding diagonal as wave 1 and the first wave extension of an impulsive wave. I have counted a 5 wave structure for wave 3, a small wave 4 and a contracting ending diagonal for wave 5. Wave 3 is 0.618 of wave 1 and wave 5 is 0.764 of wave 3. I believe retracement has begun and should end at the end of wave 4 in the region of 105.225 by brown_maverickUpdated 1
DXYThe U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies. Shortby HavalMamar1
dxy wont fad its dominance near termdoller dominancewill remain in market for sometimeLongby lAtalhaUpdated 1
The idea of a more likely bull market scenarioEsteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody Longby mehdi47abbasi799
If DXY weakens? Bear market scenario ideaEsteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody If the bullish trend of the DXY index persists, it is likely to continue as a zigzag correction pattern. Shortby mehdi47abbasi7914
DXYPOTENTIAL LONG FOR THE US DOLLOW XY) gained on Tuesday on soaring U.S. Treasury yields, with the 2-year note coming within striking distance from overtaking the psychological 5.00% level. Fed Chairman Powell reinforced the current market dynamics by admitting at a forum in Washington that progress on disinflation has slowed and that firmer price pressures have introduced new uncertainty about the timing of rate cuts.Longby AFFINITY_MARKETS229
Fed Higher-for-Longer Strategy: Strong Dollar SqueezeThe Fed's Higher-for-Longer Strategy: A Strong Dollar Squeezes Markets The Federal Reserve's unwavering commitment to its "higher-for-longer" interest rate policy is pushing the U.S. dollar to its limits. Chair Jerome Powell's recent pronouncements leave little doubt: rate cuts won't be coming soon. This strong dollar is creating a ripple effect across global markets, leaving other central banks and investors struggling to keep pace. The "higher-for-longer" strategy refers to the Fed's intention to maintain elevated interest rates for a sustained period. This is a critical tool for combating inflation, which remains a top concern for the U.S. economy. By raising interest rates, the Fed discourages borrowing and investment, thereby dampening economic activity and ultimately slowing inflation. However, this approach comes at a cost. A stronger dollar makes U.S. exports more expensive and foreign imports cheaper. This can hurt American businesses competing overseas and widen the U.S. trade deficit. Additionally, a surging dollar makes it more expensive for other countries to service their dollar-denominated debt. The impact is already being felt globally. Here's a breakdown of the key challenges: • Market Squeeze: Higher U.S. interest rates make dollar-denominated assets more attractive to investors. This entices capital to flow out of emerging markets and other economies, putting downward pressure on their currencies and stock markets. These economies become more vulnerable to financial instability as capital flight weakens their local markets. • Central Bank Dilemma: Other central banks are caught in a bind. They may want to raise rates to combat inflation in their own economies, but doing so could further strengthen the dollar relative to their currencies. This exacerbates the problems mentioned above and makes it difficult for them to achieve their desired economic goals. • Debt Sustainability: Countries with large amounts of dollar-denominated debt face a growing burden. As the dollar strengthens, it becomes more expensive for them to service their debt, potentially leading to defaults and financial crises. Despite these challenges, the Fed is unlikely to deviate from its course anytime soon. Powell has emphasized the need to bring inflation under control, even if it means sacrificing some economic growth. This unwavering commitment to taming inflation strengthens the dollar further, potentially leading to a prolonged period of global economic strain. However, there are some potential mitigating factors: • Weakening Dollar: The dollar's strength may not be sustainable in the long run. If the Fed eventually signals a pause in rate hikes, or if inflation shows signs of receding, the dollar could weaken. This would provide some relief to other economies. • Global Cooperation: International cooperation between central banks could help to ease the pressure on global markets. By coordinating their policies, central banks could find a way to address inflation without creating excessive currency volatility. The coming months will be crucial in determining the long-term effects of the Fed's policy. While the strong dollar offers some advantages for the U.S. economy, the potential for global economic instability cannot be ignored. The Fed's navigation of this complex situation will be critical in ensuring a smooth landing for the U.S. and the global economy as a whole. by bryandowningqln0
DXY/EUGoing into My Pre Market Analysis this morning I started to Notice the Crown forming On DXY/EU ... HTF Bias If than statement was If we see Dollar than 106... we could see Eu start making its way into 1.0700 Key Level . April Open price for Dollar 104.539 and EU 1.07843 are my focus Areas going forward... When we are focused on DXY weakness we are focused on XXX/USD Assets to Gain Value ... My focus is in the futures market and I want to build into Swing Positions on EURUSD... Dollar Updateby CirRocfx1
Emerging Bearish harmonic patternsThis is medium term emerging bearish harmonic patterns for dollar index Shortby Master_Harmonic_Trader2
Seasonal analyses Price could be bullish until the elections or near and after. Looking at the price of gold which decline in the next few and no interest rate hikes expected during this could mean that the dollar that could gain in value. Global Green Policies that are aimed to protect the world could impact the price of energies minerals and commodities therefore strengthen the dollar. The dollar could also strengthen because the recent IPO's in the stock exchange gaining year on year. by KhoraCapital0
Levels discussed on 17th April 17th April DXY: Consolidate between 106.10 and 106.50. Needs to stay above 106 to remain bullish, above 106.60 could test 107. NZDUSD: Sell 0.5930 SL 30 TP 60 AUDUSD: Sell 0.6430 SL 20 TP 70 (Hesitation at 0.6395) USDJPY: Wait, look for reaction along 155 GBPUSD: Sell 1.2365 SL 30 TP 100 EURUSD: Sell 1.0650 SL 30 TP 90 USDCHF: Range between 0.91 and 0.9150 USDCAD: Look for reaction at 1.39, Sell 1.3880 SL 30 TP 100 Gold: Retest and reject 2400 down to 2360 by JinDao_Tai9
Bullish H&S on DXYDaily DXY sitting on high volume node, rejecting lower prices. Moving higher will form reverse H&S pattern with neckline in 102. Measured move will test high volume node on 104. Confluence with VWAP from July low and October high. Added confluence with Fibonacci retracement levels from said Jul Low to Oct High and Oct High to Dec Low. Jul Low, Oct High, Nov Low, Dec High and Dec Low also form XABC bat pattern suggesting break out. Move to 104 will begin forming new reverse H&S neckline with Left Shoulder the Nov Low, Head the Dec Low and Right Shoulder the expected retest of the current 102 neckline. On the event of break out from the 104 neckline, expected measured move to 106 as high volume node with Fibonacci confluence. Prediction: Breakout from 102 to 104, retest of 102 and rejection, test 106. Trades: Long 102 ( Profit:104, Loss:101.5, R/R:4 ) (Expected) Short 104 ( Profit:102, Loss: 104.5, R/R:4 ) (Expected) Long 102( Profit:106, Loss:101, R/R:4 )Longby lethelex87Updated 1
check the trend By crossing the current resistance range, it will be possible to continue the upward trend up to the specified resistance levels. Further, according to the behavior of the index in the resistance ranges, the continuation of the upward trend is also likely If the price cannot stabilize above the resistance range, it will be possible to start the corrective process and advance to the support line.by STPFOREX0
Short-term DXY Analysis: Navigating a Diamond Bottom 📈💎Short-term DXY Analysis: Navigating a Diamond Bottom 📈💎 The US Dollar Index (DXY) is a critical indicator for currency traders, reflecting the strength of the USD against a basket of major currencies. As of mid-April 2024, here's a concise analysis based on the current market scenario, recent technical patterns observed, and economic events: Diamond Bottom Formation 💠 The DXY chart suggests the formation of a 'diamond bottom,' typically a bullish reversal pattern that occurs after a price drop. This pattern suggests potential for a reversal of the preceding downtrend, indicating that buyers might be gaining ground. Current Economic Backdrop 🌐 With geopolitical tensions and hawkish tones from central banks, particularly the Federal Reserve, there is a noted increase in the DXY. Hawkishness from the Fed Chair Powell indicates that rate cuts may not be imminent, reinforcing the USD’s strength. Technical Levels to Watch 🧐 Resistance Levels: The DXY faces immediate resistance at the 105.38/63 zone. A decisive break above could push it towards 106.57, with 107.17/20 as the next target for bulls. Support Levels: Initial support lies at the lower parallel/78.6% retracement of the yearly range at 104.53, followed by 104.23. A break below these levels could lead to a correction towards 103.47/49. Market Sentiment 📊 Market sentiment shows mixed positions among traders in commodities like gold and currencies like EUR/USD, with many investors likely leaning towards safer assets amid uncertainty. Possible Triggers 🔔 Central Bank Policies: USD bulls are currently facing headwinds from the Fed's stance and upcoming rate decisions. Global Market Dynamics: Rising geopolitical tensions and market volatility could increase the allure of the USD as a safe-haven asset. Conclusion: USD's Path Ahead In the short term, the DXY's outlook hinges on whether support levels hold post-FOMC decisions and broader market sentiment. If geopolitical situations exacerbate or central banks adopt more hawkish policies, the DXY could see further upside. Conversely, a break below key support levels could signal a shift in trend. The situation calls for vigilant monitoring of upcoming economic releases and central bank activities. 🔍 Please Note: This analysis does not constitute financial advice. Investors should conduct their own research or consult a financial advisor before making any investment decisions. #MarketAnalysis #TradingView #TechnicalAnalysis #DXY #USDDominance #Forex #Commodities #Gold #SafeHaven #EconomicIndicators #InterestRates #FederalReserve #Inflation #CurrencyTrading #Investing #StockMarket #Bonds #ETFs #Cryptocurrency #BearMarket #BullMarket #PriceAction #ChartPatterns #DiamondBottom #MarketSentimentLongby Shibunacci8
Betting on a Stronger Dollar Greenback Gets ExpensiveThe US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the greenback. Several factors are fueling the dollar's current strength. Firstly, the US economy continues to demonstrate surprising resilience in the face of global headwinds. Recent data, such as stronger-than-expected retail sales figures, has prompted investors to pare back bets on aggressive interest rate cuts by the Federal Reserve. This shift in expectations has bolstered the appeal of the dollar relative to other currencies. Secondly, the turmoil in global markets is driving investors towards safe-haven assets. Geopolitical tensions and rising inflation across the globe are creating uncertainty, pushing investors to seek the relative stability offered by the US dollar. The dollar's long-standing reputation as a reserve currency makes it a natural destination for these risk-averse investors. This surge in demand for the dollar is evident across the foreign exchange market. The Bloomberg Dollar Spot Index, which tracks the greenback's performance against a basket of major currencies, has climbed to a five-month high. The dollar has already notched up impressive gains against major rivals like the yen, reaching a 34-year high, and strengthening significantly against the euro, pound, and several other currencies. This bullish sentiment towards the dollar is spilling over into the options market. Investors seeking to profit from a continued rise in the dollar's value are increasingly turning to call options. However, this increased demand comes at a cost. The premium, or the upfront cost, of buying these call options has risen significantly. This surge in option prices indicates that investors are willing to pay a higher price to secure their bets on a stronger dollar. The trend in the options market presents a mixed bag for investors. On the one hand, the rising cost of call options suggests that the market is anticipating further dollar appreciation. This could be a lucrative opportunity for those who correctly predict the dollar's trajectory. On the other hand, the higher premiums eat into potential profits, making successful bets on the dollar more challenging. Looking ahead, the future path of the dollar hinges on several key factors. The trajectory of the US economy, the actions of the Federal Reserve, and the evolution of global geopolitical and economic conditions will all play a role in determining the dollar's strength. Despite the uncertainties, the current trend suggests a continued period of dollar dominance. Investors, however, should carefully consider the increased costs of betting on the dollar in the options market and ensure their strategies account for these elevated premiums. This is a dynamic situation, and close monitoring of both economic data and market movements will be crucial for navigating the ever-evolving currency landscape. Longby bryandowningqln0
USD index 4 h SELLHi friends, mates and Trading community so here i want to share my analysis on Dollar index on weekly time frame according to the my observations based on price action and trend analysis. Shortby CrowtR7
Bullish Momentum Propels Dollar Index Towards....Certainly! The Dollar Index's recent breakthrough past resistance has sparked a wave of positivity among investors. This surge in optimism is likely fueled by a combination of factors such as strong economic data, favorable geopolitical developments, or perhaps shifts in monetary policy expectations. When a market breaks through a resistance level, it typically indicates a shift in sentiment towards bullishness. In this case, investors seem particularly enthusiastic, leading to a strong and sustained upward movement in the Dollar Index. Now, the 106.4 level represents a significant milestone. If the current bullish momentum persists, reaching this level today seems entirely plausible. However, it's essential to recognize that market dynamics can be unpredictable. There might be pullbacks or other factors that could influence the trajectory. Moreover, surpassing the 106.4 level opens up the possibility of even higher targets. This could be driven by a multitude of factors, including continued positive economic indicators, supportive monetary policies, or shifts in global trade dynamics favoring the US dollar. In summary, the Dollar Index's current trajectory suggests a bullish outlook, with the potential for reaching and possibly surpassing the 106.4 level today, underpinned by strong market sentiment and favorable conditions. like comment and follow thanks for support.Longby MrCharlie127
DXY PROJECTIONSI'm getting in to this trade now...who ever see's it on time can jump in with me with tell i'll explain to you guys how i trade...for now ill just be post trade setup. Use proper risk ManagementShortby lilwiski7
US Dollar Index: DXY Approaches November HighThe US Dollar Index may continue to retrace the decline from the November high (107.11) as it extends the series of higher highs and lows from last week. DXY Outlook Keep in mind, DXY bounced back from the 50-Day SMA (104.13) to stage a five-day rally, with the advance in the index pushing the Relative Strength Index (RSI) into overbought territory for the first time in 2024. The move above 70 in the RSI is likely to be accompanied by a further advance in DXY like the price action from last year, with a breach above the November high (107.11) bringing the October high (107.35) on the radar. Need a close above 107.20 (38.2% Fibonacci extension) to open up the 109.00 (50% Fibonacci extension) to 109.40 (78.6% Fibonacci extension) region, but failure to test the November high (107.11) may curb the bullish price action in the US Dollar Index. Lack of momentum to hold above 105.80 (61.8% Fibonacci extension) may push DXY back towards 105.00 (23.6% Fibonacci extension), with the next area of interest coming in around the monthly low (103.88). --- Written by David Song, Strategist at FOREX.com by FOREXcom2