USD come back strongerI have 2 alternative movement for DXY. Looking for bullish an impulsive move upwards.Longby ewtradersbhUpdated 112
DXY - Weekly Forecast - 03 June 2024We can go both ways, so i've pasted by view, there is also a video that walks through it. My longer term view over the next few months is bullish on DXYLongby TraderRiz0
DX - Weekly Forecast - 02 June 2024Weekly forecast of DXY for 02 June 2024, i think we can go either way and that represents opportunities on both sides with tight stops. Long04:01by TraderRiz0
DXYToday's market is focused on the April PCE inflation report, which could influence future Fed rate cuts. Better-than-expected CPI data earlier this month has lifted investor hopes for a favorable PCE outcome. Major indices show mixed movements, with gains in technology and communication services sectors Longby KhalilKarimii4
Levels discussed on 31st May Livestream31st May DXY: Core PCE release today, Looking for reaction at 105 resistance NZDUSD: Sell 0.6070 SL 20 TP 75 AUDUSD: Buy 0.6660 SL 20 TP 50 USDJPY: Buy 157.10 SL 30 TP 80 GBPUSD: Sell 1.2680 SL 20 TP 75 (Hesitation at 1.2345) EURUSD: Sell 1.0780 SL 20 TP 50 USDCHF: Sel 0.9090 SL 20 TP 65 USDCAD: Buy 1.3690 SL 30 TP 40 Gold: Slight downside from 2338 to 2328by JinDao_Tai6
check the trend It is expected that after some fluctuation, we will see the continuation of the upward trend. If the index creates a new bottom and crosses the 78.6% level, the continuation of the downward trend will be likelyLongby STPFOREX1
DOLLAR INDEX IDEA - My idea for DXY. We failed to break the high on our previous approach. Hopefully, we can get that this time around. I am starting to update new ideas daily. please follow and comment for more. The idea involves the US dollar (USD) undergoing a temporary decline 📉 after initially capturing liquidity, then stabilizing and returning to a demand zone 📈. First, a liquidity grab 💧 occurs when the dollar sharply appreciates, often triggered by major market participants hitting stop-loss orders. This rapid rise captures liquidity and induces traders to enter positions based on perceived trends. Following this, the USD might experience a pullback or decline 📉 as the market corrects itself. This phase can be driven by profit-taking, shifts in trader sentiment, or changes in economic data or monetary policy expectations 📊. Finally, the USD finds support and stabilizes in a demand zone 🛒, an area where buying interest is strong enough to prevent further decline. This stabilization is supported by favorable economic indicators 📊, geopolitical stability 🌍, or signals from the Federal Reserve 💪. Understanding this pattern helps traders anticipate reversals 🔄 and strategically time entries or exits, manage risk effectively, and gain insights into market sentiment and the health of the USD 💲. Recognizing these phases enables better navigation of currency movements and optimization of trading strategies 📈.** For education only**by Ninja_Snipes_fxUpdated 3
TRUMP vs BIDEN : These 7 Charts Reveal AllThese charts will point out not only the difference between 4 year terms, but also the effect of the worldwide Coronavirus on different sectors. Just so you know, I am not advising for or against either candidate solely on what they could do or have done for a certain industry. Instead, this post aims to inform and point out the market's response during each Presidential period. It's also important to consider the effect of Covid (marked by the purple line). 1) DXY / TVC:DXY The U.S. dollar index (USDX) is a measure of the U.S. dollar's value relative to the majority of its most significant trading partners, including the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). Under President Trump, the DXY fell 14% the moment he took office. The DXY then recovered the 14% over the next two years, but dropped again as the Coronavirus crisis was declared a global pandemic in May 2020. Under President Biden, the DXY rose from post-covid lows by 27%, then retraced 12% unto where it is now trading steadily. I'll use the following chart below as a reference to how we will be measuring (the difference between inherited point to exit, as seen by the measuring tool). Change from inherited point to exit: TRUMP: -13% BIDEN (inherited point to current) : +19% 2) Consumer Confidence Index / ECONOMICS:USCCI This Index index measures Americans' assessment of current economic conditions and their outlook for the next six months. The consumer confidence remained fairly stable under Trump, but fell drastically with the announcement of the Covid pandemic. Biden inherited a declining consumer confidence, but the CCI managed to recover with 57.6% after hitting the lowest lows during the midst of the Coronavirus pandemic. The CCI has not been able to recover to pre-covid highs, showing that consumers are not yet comfortable with the current state of economic affairs. Change from inherited point to exit: TRUMP: -19.5% BIDEN (inherited point to current) : -2.4% 3) Inflation / ECONOMICS:USIRYY Initially the inflation rate was fairly stable under Trump, and then started to fall drastically, dropping -95%... until Covid. Since Biden took office, the inflation rate increased by 550%, but managed to drop back down by 62% after peaking during covid. Change from inherited point to exit: TRUMP: -44.8% BIDEN (inherited point to current) : +141% 4) S&P 500 / SP:SPX Trump talked-up the stockmarket as a measure of his presidency when he was in office. (Not that the SPX is something presidents have much control over, but let's take a look at it anyway). The s&p 500 index of big American firms is higher since Biden took office, but it rose twice as much during Trump’s first 1,000 days in office. Change from inherited point to exit: TRUMP: +63% BIDEN (inherited point to current) : +40.8% 5) United States Employment Rate / ECONOMICS:USEMR In United States, the employment rate measures the number of people who have a job as a percentage of the working age population. The USEMR was increasing steadily up to 2% when Covid hit. Under the Biden administration, unlike many European countries, America decided to give money to workers, rather than pay companies to keep people in employment. The share in work fell, but America’s economy bounced back more quickly than Europe’s. Biden administration takes credit for a 4.8% increase since taking office. Change from inherited point to exit: TRUMP: -14.5% BIDEN (inherited point to current) : +4.8% 6) Unemployment Rate / FRED:UNRATE Trump inherited a steadily decreasing unemployment rate from the Obama administration. The UNRATE continued to drop until -25.8% after which, again, covid. It is true that the Biden administration inherited a tough one here, and there has been a 15% increase after bottoming out during April 2023. Unfortunately, this chart seems to be steadily increasing. Change from inherited point to exit: TRUMP: +36.4% BIDEN (inherited point to current) : -39% 7) Money Supply / ECONOMICS:USM2 US M2 refers to the measure of money supply that includes financial assets held mainly by households such as savings deposits, time deposits, and balances in retail money market mutual funds, in addition to more readily-available liquid financial assets as defined by the M1 measure of money, such as currency, traveler's checks, demand deposits, and other checkable deposits. Historically, when the money supply dramatically increased in global economies, there would be a following dramatic increase in prices of goods and services, which would then follow monetary policy with the aim to maintain inflation levels low. Trump administration inherited a steeply increasing supply which kept increasing rapidly. Currently, under the Biden administration, the M2 seems to be moving towards an equilibrium. Change from inherited point to exit: TRUMP: +45% BIDEN (inherited point to current) : +7.7% ______________________ Note that these are not THE ONLY charts we can look at. In fact, I encourage you to post yours below! Which other measures are you looking at? Treasury, perhaps Bonds? Feel free to share them and lets compare! by CryptoCheck-5512
Two Scenarios for DXYUS dollar index is currently sitting on a major falling trend line and in my opinion there are two paths ahead: - The Blue Arrow : Bulls gain control and move the index to the red rectangle. - The Red Arrow : Bears breaks this trend line and price falls to the green rectangle. Good luck!by Palambir2
SELL USD INDEXSELL POSITION USD INDEX ENT : 104.928 SL : 105.075 TP : 104.63 1- to day news + sentiment 2- please trail sl after 10 pipsShortby pouriya_kdUpdated 4
DXYDXY analysis 1 hour time frame Now we are at the bottom of the 1-hour range, which I expect to move up to the top of the rangeLongby m0neyminer0
SELL USD INDEXSELL POSITION USD INDEX ENT : 104.928 SL : 105.075 TP : 104.63 1- to day news + sentiment 2- please trail sl after 10 pipsShortby pouriya_kd0
DXY Expecting the market to move as noted. Using SMC and price action makes it easy to understand the marketby fatttane114
DXY Will Go Up! Long! Here is our detailed technical review for DXY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.746. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.949 level soon. 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 111
Levels discussed on 30th May Livestream30th May DXY: Retracing, needs to stay above 105 support to maintain bullish, could retest 105.50 NZDUSD: Sell 0.6070 SL 20 TP 65 AUDUSD: Buy 0.6615 SL 25 TP 55 USDJPY: Buy 156.90 SL 40 TP 80 GBPUSD: Sell 1.2680 SL 20 TP 75 (Hesitation at 1.2345) (Double bottom opportunity) EURUSD: Sell 1.0780 SL 20 TP 50 USDCHF: Buy 0.9105 SL 20 TP 40 USDCAD: Sell 1.3710 SL 25 TP 50 Gold: Likely to range between 2330 and 2350 by JinDao_Tai6
Dollar Index (DXY): Pullback From Key Level Dollar Index nicely respected a key daily horizontal resistance. I see a double top formation on an hourly time frame and a confirmed violation of its neckline. I think that the market may drop at least to 104.43 before the news. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader4412
Strong Bounce Off SupportDXY is trading within an ascending channel. if DXY holds this level and heads to the top of the channel, then BTC will breakdown from the ascending channel it is trading in (you can see my post). There is no chance both of them will continue to rise toward the top of the channels. either btc will break down or dxy, and so far dxy has shown more strength. by SforShiraz1
Potential bearish drop?US Dollar Index (DXY) has reacted off the pivot which has been identified as an overlap resistance and could fall to the 1st support. Pivot: 105.11 1st Support: 104.57 1st Resistance: 105.49 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets7
DXY - still bullish Advice: Follow your own analysis and intuition to understand the direction and potential areas. My analyses are good and most often determine the correct price direction. However, do not copy my trades exactly! I have a very effective risk management strategy, and most of the time, I avoid losses, achieving either a break-even or 50% of the risk. I carefully manage reentry positions. Regardless of what I do and how I manage my trades, I am always very strict with the percentage of risk I allocate per area and with securing profits.Longby KronFX4
Dollar BULLISH from the DAY TRENDLINE!!!!!!!!!!????1.Dollar retested exactly from the Day trendline. 2.If this support line broken we may dollar free fall from 104 to 103 nearly thousand pips. 3.According weekly timeframe dollar is still bullish, for a confirmation it has to break the previous resistance and consolidation. 4.Both the supports and resistance need more volume to break. I hope upcoming weeks news will impact the dollar and decide the direction.by Sha_The_IconUpdated 1
Dollar index long viewThe dollar index is well positioned to initiate new a one-month bullish consolidation. With the Fibonacci setting, both previous pullbacks were stopped near the 61.8% level, and additional support for the bullish option is the growing trend line. Based on that, we can expect the dollar index to start a new bullish consolidation with the main target at 107.00.Longby Aleksin_AleksandarUpdated 8
DXY death-slide but will Regain value. BTC BULLS up next Smart money red trendline different from regression trend. Smart money contraction shows a stop at POI means downtrend then BTC moves up in BULL POWER. DXY same pattern but in different volume Shortby The_ForexX_Mindset10