DXY Monday 3rd JuneFollowing Bond buyback programme started on 29th May alongside weaker ISM news supported DXY idea from Sunday. This is the importance of preparing weekly outlooks so you know what you're looking out for. Shortby joeljohnrussell0
DXY INDEXPair : DXY INDEX Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Demand Zoneby ForexDetective4
Levels discussed on Livestream 3rd June3rd June DXY: Break above 104.70 (38.2%) , trade higher towards 104.90 (61.8%) NZDUSD: Sell 0.6130 SL 20 TP 40 AUDUSD: Sell 0.6625 SL 20 TP 65 (Hesitation at 0.6595) USDJPY: Buy 156.75 SL 25 TP 60 GBPUSD: Sell 1.2680 SL 15 TP 35 EURUSD: Sell 1.0835 SL 20 TP 45 USDCHF: Buy 0.9040 SL 30 TP 60 USDCAD: Buy 1.3675 SL 20 TP 45 Gold: Could retest and reject 2330, and trade down to 2308by JinDao_Tai1
DXY Intra Day Play 03.06.2024On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700. The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks. I am keen on seeing this breakout continue as it will give me further conifrnation to enter sells on EUR/USD which has broke below the asian low and has now found itself adncing below the 200ema. Chart: I am also keen on seeing this corrolate with Gold and Silver who are also both showing signs of trading below last week's POC levels Silver: Gold: This will make it a rather interesting start to the week,,, especially if the PMI results do come back as forecasted at 49.8 or even stronger this afternoon when the US Market opens up. Hope you have a great day and that your screens are green. Let me know what you guys think. Happy Trading. Longby FXCapitalClub0
DXY Trading Plan for the week 03.06.2024Good morning traders. 🥳 Hope you all had a great weekend and ready for the week ahead. A quick glance at the charts this morning and the dollar has reset back to the POC levels it entered last week with and on the 12 hr we can see that we are now forming a descending triangle which means that if we break above 105.000 we could see a continuation to the upside targeting key level 106.507 and if we break below 104.408 then we will see a continuation to the downside targeting 102.686. I'm quite keen on seeing the dollar reach key level 104.209 to which I will be looking for Buy's on EUR/USD, Gold and Silver throughout the week. We've been in a range across the other assets as well so this week could definately be a breakout week to the upside for all dollar pairs if that's the case. Hope you have a great day and that your screens are green. Happy Trading. 📊by FXCapitalClub0
check the trend According to the behavior of the index within the range of the support trend line, possible scenarios have been identified. As long as the index is above the 100% level, the upward trend is likelyby STPFOREX0
DXY Trading Journal Analysis DXY Trading Journal Analysis I suspect the DXY is drawling to the 50% level. It seems likely that Price will seek to rebalance the 4 IFVG and the noted Buy Stops Target for the weeks high. It also seems likely that Price will gravitate to the sell stops target for the weeks low. Note a non farm payroll week in RED FOLDER NEWS. I suspect that if Price is aggressive it could bull to the higher 105.800 buy stops target. It could also bear to the Equal lows at 104.080. I believe the later due to being in a bear market and yet wars and seasonal changes have me reading what Price gives me. Happy trading folks. Shortby LParnell0
If we have a strong close below previous Tuesday's ..? If we have a strong close below previous Tuesday's we're likely to see a free fall for the next quarterly shift objective being the 60-days look back with an obvious low for sellside liquidity in confluence with a daily bullish orderblock. How we trade Tuesday into Wednesday is indicative of how fast we want to get to that level. Shortby aideesbrother112
DXYWe are looking for the dollar to basically go for short term sells then long term buying opportunities as we are still inside the bullish structureLongby officialpotego_fx2
Sunday Viper Weekly Breakdown Today we focus on the upcoming news events in the world including a couple of possible rate cuts in Cad and Eur. So we focused on DXY and it's two possible scenarios it has and where it has to break in order for those directions to become clear. Very exciting week ahead!! 11:05by Bowersbtc334
dxy long term outlookRate cuts, Rising bonds. Expecting rest of the year to bearish for the dollar Shortby joeljohnrussell4
DXY - Bearish until PML is takenLooking for the price to continue going down until PML is taken out.Shortby pooiatyisUpdated 0
USD INDEX IS BULLISH Doing a technical analysis and using fundamental analysis I'm predicting a bullish move for USD index. Analyzing major pairs like EURUSD, I see EUR wearing against USD.Longby LyrebirdCapital7
USD INDEX FOR BULLISH Im looking for this structure to continue bullish movement . Invalidation level as my last anchor. So all pair xxxusd possible to drop .If red line broken this setup will be invalid. Please do your own research too and feel free to put your comment to share your idea. ThanksLongby ewtradersbhUpdated 4
USD still slight bias to the downside...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. USD seems like going side ways for the past 2 weeks.. i am still on the slight bias for the downside on USD..guess need a decisive breakout from here on... 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 POTENTIAL REVERSAL WITH A BREAKOUTDXY is currently trading within an expanding channel. A potential reversal could occur if the price manages to break out bullishly from this structure and surpass the identified consolidation zone. However, if this breakout does not happen as anticipated, we might see a further decline or an extended period of consolidation.Longby traderchamp_2
DXYIs the US dollar going to push much lower ? The possible scenario i see. Hopping for a retest of the 1 hr FVG and see price continuing down to take out liquidity 104.336 Form here we might see a reversal if price respect the trend line and order block below at 104.262Shortby Mortenphysique0
BULLISH DOLLAR!DXY (Dollar Index) is on a very relevant Daily trend line. Expecting price to push higher with the coming days. With this I will also be looking for Bullish moves on USD pairs like USDCAD and USDCHFLongby akumjoel4
Dollar may be pull back and still bullishClosing above the 10 sma monthly. Last month is a nice pullback for players to enter as dollar makes its push. Weekly is text book 1 2 3 reversal hh hl model trending. June will be an interesting month Longby LittleSovi0
DXY Will Move Higher! Buy! Take a look at our analysis for DXY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.664. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.026 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 445
DXY Minute: Even clowns get wearyAnd I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as I write this, I foresee such delivery may be at a relatively high premium compared to price at which they sold them. This correction has almost every corrective pattern ever outlined by the foremost Elliot Wave practitioners that I have read. There are triangles, irregular b waves, and ultimately, combo after combo or JUNK. The price action here tests the limits of what can happen without obviating the practice of tracking price waves. For the first time in the 2 years I have been trading using EW technicals, I have been ready at times to say that price has been hijacked, or that Elliot was wrong. Nonetheless, in the end, sometimes by a pip or two, price has barely adhered to the panacea of rarities in the world of Elliot Wave Theory, which is why I say "ugliest" and why I call the traders of the JUNK "clowns." Either they lost a ton, or they attempted to orchestrate destruction of the markets fabric, both things that only clowns would do. However, in the end, I maintain my faith in humanity and nature, and believe that what could follow will be just deserts, even for clowns. A swift move to the 109 area seems appropriate because this correction is maxed, and I imagine, even the clowns are weary. We do not control price, alone...the market does. And what the market wants, it gets. Price needs one more Intermediate wave to new highs, ideally into the extension area, which will likely breach the larger 1.0, due to price destruction that has taken place. This is a cycle b wave, by my count, and as soon as it completes, all the haters can have the dollar crash they so desire. I will observe, as usual. Best, CuzLongby CuzDeluxUpdated 10
USD come back strongerI have 2 alternative movement for DXY. Looking for bullish an impulsive move upwards.Longby ewtradersbhUpdated 112