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
USD: US GDP and PCE figures this weekWeekend news has helped ease market-perceived geopolitical risk, and sentiment is generally supported across asset classes as the week starts. All interested parties appear to have chosen the path of downplaying the size and consequences of Friday’s Israeli strikes in Iran. Bent trading below $90/bbl signals that fears of a broader conflict in the region have abated. Another important piece of news for geopolitics was the approval by the US House of the much-debated $95 aid package for Ukraine, Israel and Taiwan. The implications for risk sentiment aren’t as clear here, as the latest developments in the Russia-Ukraine conflict have not seemed to drive market moves recently. A less volatile geopolitical scene also paves the way for a return of data as the main market driver. There are two major releases in the US this week. GDP growth is widely expected to have slowed in the first quarter – and when the advanced numbers are published on Thursday, we expect a 2.6% quarter-on-quarter annualised print, slightly above the 2.5% consensus. As for March’s core PCE deflator out on Friday, we are calling for a consensus 0.3% month-on-month. That is lower than core CPI (0.4%), where housing has a greater weight, but still too high for the Federal Reserve to revamp the narrative of an imminent rate cut. Remember that PCE is the Fed’s favourite measure of inflation. We have entered the blackout period for policy comments ahead of the 2 May FOMC meeting, but it is now largely expected that the Fed will need to scale back some of its dovish narrative as inflation and jobs both surprised on the upside. The latest comments from most members (including Chair Jerome Powell) have stressed patience, and market expectations should converge towards a return of a simpler data-dependent approach as opposed to the moderately dovish quasi-guidance we had seen until April. The dollar may see a further softening in its momentum due to a calmer risk environment, but we see data reinforcing the notion of a resilient US economy with lingering inflation issues, so the key underlying arguments for a stronger dollar should not be dented. Risks of DXY moving to 107.0 remain fairly high.by ElliottwaveSpecialist0
Movement channelsPossible movement channels are shown in the diagram. It has approached the ceiling of the yellow channel, but before touching this ceiling, it may hit the support of the middle line of the green channel around 104. Red resistance zones around the roofs of the channels are also evident.by akbarkarimzsfeh0
DXY (dollar index)The dollar index moved in a triangle pattern. Last week, the market tested his upper trendline. If the market tests the upper trendline then it is 106.500 level. Another thing is there is a resistance and supply area at 107.00 level. if the market does not respect the upper trendline then further move to 107.00 level and then reject.Shortby Dhareja2
possibility of uptrend A correction is expected to form up to the specified support area and then a continuation of the uptrend is established. If the index crosses the support range, it will be possible to continue the correction process until the next support rangeLongby STPFOREX3
$INDEX:DXY INDEX:DXY My View On DXY For The Next Few Days Seeing That It Was Somehow Following That Little Trendline Channel It Might Go Down For A Third Touch And Then Fly Highby mashdatruth0
DXY - Dollar continue to Rise as Safe Heaven Asset The dollar continues to stabilize above 105.5, suggesting the dollar's price continues to strengthen amid rising political tensions. At the same time strengthen the dollar's position ahead of events. Longby EasyTradingOnline2
DXY APRIL 2024 WEEK 4 OUTLOOK - looks super bullish but in need of a pullback or some chop. interesting, how clean the left side of the chart looks. hindsight always looks so obvious lLongby Osiris9921
Today's International GlimpseAs per four parameters Trend = US future -Dollar index-Crude-VIX . Market is likely to open UP today. and with further Upside rally. Gold & Silver are also down today signaling uncertainty fear is getting lower. Longby Rohit_PSV1
DXY FORECASTBeen bullish for the past two week and on these week am looking for the price to head to the down side before we can push back to the upside.Long08:00by PHOMOLO99990
Post BTC Halving Price Prediction, DXY, $IBIT, and May ForecastAs I've been saying, we really just need a breather after the huge runup in Bitcoin and the altcoins pre-halving and with 7 consequetive up months and Green candles. So it's no surprise April is selling off, and the halving was a 'sell the news' event. It's good news, because all markets need to rest and re-gain their strength to push higher. Watch the video for details, but the TLDR is I think we'll drift sideways and even down to re-test the $60k region where we can see strong buy blocks until we get into May, and then we'll start to push higher and hopefully into bull-mania. However, IF Bitcoin can get back above $66k - $68k on a daily closing basis, effectively washing out the Red block of sellers and back above both the 21 and 50 day EMA's (Exponential Moving Averages) then I would start buying BTC.07:04by BrettFogle7