ill be looking to go short o the dxy based on markets structurewe see a bearish continuation and i thought it would be nice if we can catch the next bearish impuls downShortby reaganbwire002
Levels discussed on livestream 14th May14th May DXY: Consolidating could retest 105.50 NZDUSD: Buy 0.6045 SL 15 TP 35 AUDUSD: Waiting, looking for a reaction at 0.6660 USDJPY: Buy 156.60 SL 20 TP 40 GBPUSD: Sell 1.2530 SL 20 TP 60 (hesitation at 1.25) EURUSD: Sell 1.0785 SL 20 TP 60 (hesitation at 1.0765) USDCHF: Ranging between 0.9055 and 0.9095 USDCAD: Wait to see reaction at 1.37 Gold: If it breaks 2335 trade down to 2328 by JinDao_Tai4
DXY showing its hand - possible bullish move for the DollarOn the daily chart, market structure was broken towards the upside and we had multiple higher lows formed on DXY. We can also see that DXY is currently holding an area of support. Based off of pure price action, we can expect a potential move to the upside. Two easy targets are outlined but price can go as high as the third target. It is important to remember that a higher timeframe idea like this can take a long time to play out. Also, keep in mind that market sentiment can change at any moment based off of economic news drivers and geopolitical events however, If I had to pick a direction for DXY right now, I would pick higher prices.Longby th3gunn3r221
The positivity continuesPositivity is still strongly controlling the dollar index, and this will lead it to the resistance above and face an area of weakness. Then let us see what will happen. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.Longby KhaldHegazyUpdated 8827
DXY Hourly Trade JournalDXY Hourly Trade Journal Last week Price rebalanced my noted FVG at range 105.631 on Wednesday. Price attempted to rebalance D BISI and yet was rejected. Kinda of a lethargic week after the large range from the previous week. It seems likely that Price will gravitate towards my noted 4 IFVG for the weeks target high and seek the liquidity of the noted Buy Stops Target. While the daily charts shows that Price is delivering to a premium market we could see price take out the sell stop target and seek lower prices to delivered to rebalance the D BISI. by LParnell0
DXY BUYING IDEADXY Completed my last analysis predictions by completing 105.700 now price just grab liquidity at 105.048 and price have been stable after the uptrend corrections now am expecting a breakouts and a liquidity run above 105.600 creating a new highs Tell us your opinion..........?Longby CAPTAINFX27
US Dollar Index Negates Bull Flag – May Opening Range in FocusThe US Dollar Index has negated a bull-flag formation following the failed attempt to clear the April high (106.52), but DXY may track the positive slope in the 50-Day SMA (104.70) as it holds above the moving average. DXY Outlook DXY may threaten the opening range for May as it carves a series of lower highs and lows, with a break/close below 105.00 (23.6% Fibonacci extension) raising the scope for a test of the monthly low (104.52). Next area of interest comes in around the April low (103.88), but lack of momentum to push below 105.00 (23.6% Fibonacci extension) may keep DXY above the moving average, with a break/close above 105.80 (61.8% Fibonacci extension) bringing the monthly high (106.49) on the radar. --- Written by David Song, Strategist at FOREX.com by FOREXcom1
DXY weaknessLooking at the weakness the DXY is experiencing on the Daily and the H4, we are using the the 3-wave pattern to complete at the bottom of the recently formed swing low as this drop is also fueled by the rally in Gold and stock market. by cpointfx1
EUR USD HEHEHEHEHhehehehe if you wants to drawdown see and check this analysisssss hi folkssShort07:59by f_lovelinsam0
DXY signal for this weekHey traders we share with you DXY next possible move for this week. keep like and comment your opinion.Long02:04by FOREX_HIGHT0
DOLLAR INDEX - BEARISH MOVE 📉 Previously, The Dollar Index Formed a Bearish Double TOP Pttaern. At The Moment, The Price Has Pulled Back to The Neckline and Failed To Break it ! So, I Expect a Bearish Move 📉 ----------- TARGET: 105.08🎯Shortby Hsan_BenhmedUpdated 5518
dxy short trade ideaI believe that if dxy breaks the 105 support, it will test this support and withdraw to 104 support, which is a lower support.Shortby foxforex32
dxy short trade ideaI believe that if dxy breaks the 105 support, it will test this support and withdraw to 104 support, which is a lower support.Shortby foxforex32
DXY IndexPair : DXY Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Wavesby ForexDetective3
Levels Discussed on 13th May Livestream 13th May DXY: Consolidating could retest 105.50, needs to stay below 105.80. NZDUSD: Trade lower, bounce off level, Buy 0.5990 SL 20 TP 45 (wide range) AUDUSD: No H1 setup, looking for a reaction at 0.6660 USDJPY: Sell 155.50 SL 40 TP 80 GBPUSD: Buy 1.2530 SL 25 TP 60 EURUSD: Look for reaction at 1.08; could Buy/Sell SL 20 TP 60 USDCHF: Look for reaction at 0.9010 USDCAD: Sell 1.3675 SL 30 TP 60 Gold: If it breaks 2345 could trade down to 2328-2330by JinDao_Tai1
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
Dollar on a pullback: Get Ready!We are going to have a nice week. Dollar will be busy moving compared to last week. I see that the dollar made a break and retest. We are just below the Weekly close. WE are just below the double top neckline. I will be looking for the Dollar to show signs that its ready to drop. I have a feeling that the Fed will talk about not doing any more Rate hikes. Short07:49by Taneesha116
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