NEXT DXY MOVES DXY projection recommends a push through to sweep 110 ... haha folks .. sit tight and anticipate the moves .follow for more insights , comment your opinions and boost the idea buddy...as dxy flies ✨ THANKSby Ak_capitalist3
DXY Still have some move to the upside**Monthly Chart** Last month's candle closed bullish and as a key reversal to the upside indicating a continuation move of DXY to the upside at least to 106 level and balancing monthly engulfing levels at 107. This tells me that other pairs such as EURUSD & GBPUSD still have room to move lower to the discount zone (extreme demand zone) before deciding to move higher. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** There is a weekly High at around 105 level followed by a liquidity pool imbalance between 106 and 107 level. These levels will be critical for DXY if it wants to break to the upside. However, last week candle closed as doji (indecision) which was due to low movements in the market last week. **Daily Chart** Last week move was only a continuation of the upswing of the previous week which coiled near the MC candles of 14 Feb 2024. I will be watching the market reaction near the weekly high and look for a sign to suggest the next move for other pairs against USD.Longby PropSignalsUpdated 119
Usd clearly break up, could pullback this weekHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. On the backdrop of the CPI data hinting that inflation is still hot, FED kicked the interest cut ball lower down the street ( later than Jun, i believe). Therefore the strength in USD i guess. Majors capitulated. Watch for some bounce if u want to long pairs like EU GU for a quick run. But likely overall is a short majors for me ( e.g. EU GU) Do check out my stream video 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. *********************************************************************Longby Shadowing_The_Big_Boys0
DXY - Bullish - 3rd Week of April The quarterly shift played out in textbook manner. This is the perfect MMBM. At a minimum, I believe we reach original consolidation equilibrium this week. Then complete the MMBM by end of month. Longby imjesstwoone0
Dollar IndexAs prices have reached an area of value around the 106.013 level, potentially prices could rally to the 107 value before reversing to the short side.by ThePinnacleTrader3
CoincidenceSLuckily there is no correlation between bitcoin and us dollar which neither aren't created out of thin air or ether or what everby RedMegaMan0
Steady Drop USD should be on a steady decline for, either quite a long time OR quite a big move, whatever comes first to reach targets and fill waves.Shortby afinalboss1
DXYDxy broke out of the range it did and now it heading to 107 as first target but we would need to see some pullbacks for us to continue to the upside to atleast 107Longby Showboi-fx3
The USD in a ConundrumThe USD at the start of the year was trading near the 100 lvl but has managed to push above the 106 lvl in a little over a few months. If price is able to break out of the 107 lvl, there isn't to many resistances for the USD to break (the 108 could be one) and price might be able to hit the 114 lvl made in 2022. With the CPI data coming in a little higher then expected and traders/investors/analysts speculating that the FED will likely hold off on reducing rates (currently, FED Rate Monitoring tool is showing a 71.7% chance of FED holding rates), the elections coming up, conflicts in the Middle East/Europe/Asia, continued government spending (which keeps increasing), not enough government revenue which leads to more borrowing, this puts the FED between a rock and a hard place. Will the FED continue to hold rates and potentially push the economy to a recession (and a real one not one that did happen but supposedly didn't happen, back in 2022 Q1/Q2) or continue on with lowering rates, keep the economy going and potentially cause inflation to spike? Either way it is No Bueno. What is interesting is how commodities such as Gold/Silver/Oil are pushing up higher while the USD pushes up higher. These products are typical non correlated to each other, yet, currently they are. The USD shot up to 106. Silver from the start of the year pushed up from near 22 to now coming close to hitting 30 before pulling back to below 28. Gold pushed lower to below 2,000 in the beginning of February and pushed above 2,440 before pulling back to 2,360. Oil began near 70 and is trading above 85. So, when things return to the mean (non correlated), either the USD will take a hit or commodities will. The main things is how much of a hit will happen. Risk assets such as the stock market are finally taking a hit as the market just kept climbing and climbing, with the DJ Futures Market pushing past 40k and finally being cracked in the beginning of April. I am thinking that the USD might be able to hit the 108 lvl as other Central Banks are holding onto rates (just recently the ECB stuck to holding rates). If the FED holds onto current rates and other banks decide to reduce rates, the USD will skyrocket higher. If other banks decide to keep holding rates while the FED does, it will likely be whose economy can withstand the higher rates the longest. Protect yourselves with either reducing position sizing to withstand a large move, hedge, or do not be in a trade and see if price moves how you are speculating it. I have no position on the USD or in Forex itself (I'm tied up in other trades), but I am watching this because it is part of the plan I have when my other positions in other trades are completed. Y'all have some great trading out there.Longby DollarSaenz1
DXY (DOLLAR INDEX)The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.Longby Dhareja5
DXY UP!!Be ready to start the upward movement in the dollar index!!! There are two scenarios for climbing, either starting from the first yellow zone or from the second zoneLongby DanialShahbaziiiUpdated 28
DXY short potential July 2024. Risks of govt intervention in FXfter successfully trading dxy long due to inflationary pressures and unrealistic beliefs surrounding the scale and scope of Fed interest rate cuts. It is now time to look for value in selling dollar at high prices and to plan that approach after the 6 month close. Their are govt forces that hold USD dollars and will potentially seize the opportunity to gain more value buy offloading the dollar at higher prices, such as japan and china who have in the past intervened in the currency markets. the timing of the sell also correlates to the general election cycle uncertainty. During the last general election of Trump the dollar did pump but only after a sudden volatile move lower on the dollar. timing is essential. the 6 month candle close at or near the highs would be the potential to execute a dollar short. the oil chart and its prices will also come into play so the certainty of counter trending an obviously bullish move at this time will be remain to be seen. trade safe trade smart manage risk respectfully Artisin.Shortby Trade_Navigator4
DXY and Feb 24, 2022 EffectWhat are the possibilities to have Feb 24, '22 correlated market effect?Longby HerbertiNk112
📈DXY Daily Long Scenario / A Bearish Week Waiting For Gold?📉TVC:DXY FXOPEN:DXY Hello dear traders. ⚡️ In this post I will track the DXY movements from 12 Apr - 18 Apr. 📈 What to Expect? 💡As long as DXY is above the midline of the pitchfork structure, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. ⚠️Important Note⚠️: The price movement has been drawn a little wider than the actual movement to make it better visible. The actual price trend is likely to be faster. Do not hesitate to ask any question about the analysis. CrazySLongby CrazySUpdated 13
Analysis of the dollar index in the monthly time frameIn my opinion, the correction of the dollar has been completed and this index has started moving to break the level of 121 by completing the money back with the local support of the rand number 100, and this is a warning for other markets. "Beta version whale" Longby fiftytwohertzwhale0
How will a positive dollar affect the dollar pairs, 4rhThe US Dollar gave a positive outlook on wednesday from positive CPI data. The dollar has now confirmed to be positive for the upcoming weeks with some corrections there and there. The following pairs will go as follows: - XXX/USD pairs will sell - USD/XXX pairs will buyLongby AnalysisExpert3
DXY - Dollar indexIf DXY drops the gold and SPX500 usually pump... Im not sure the dollar is done yet.. It have a nice support on the daily cloud and the 200 MA.. One more day off dump then it reverse again.. I think the gap at 106.6 will be filled befor we can talk about a reversal off the trend.. time will show :) trade safe :)by Roxo66Updated 110
US Dollar on the Rise: Caution Advised as Long-Term Highs....Based on the positive economic data from the US session last week, it appears that the US Dollar is currently at a strong level and poised for potential long-term highs. However, it's important to exercise caution and closely monitor the currency's movements. Observing recent trends, the US Dollar has approached the top trend line twice but has yet to break through it. Additionally, it hasn't experienced a breakout yet. Instead, it seems to be gradually moving towards the buying channel, indicating a slow but steady recovery. With this analysis in mind, it's reasonable to anticipate further upward movement for the US Dollar, with the next target potentially reaching 1.600. However, it's crucial to remain attentive to market dynamics and any potential shifts in sentiment or economic indicators that could influence the currency's trajectory. By staying vigilant and monitoring the market closely, traders can make informed decisions and potentially capitalize on the anticipated upward momentum of the US Dollar. If you like my ideas please boost comment and follow for more updates don't forget on notifications thanks for support.Longby MrCharlie1Updated 34
DXY(US.Dollar)As i caution advised before 8-Apr (read-caption) Hey traders Congratulations.. "Unlocking the Potential: DXY Analysis Indicates Long-Term Highs Ahead" In the dynamic world of forex trading, the US Dollar Index (DXY) stands out as a key indicator of global economic health. Recent analysis suggests that the DXY is gearing up for a significant move towards long-term highs, presenting a compelling opportunity for traders. Over the past week, the US session has delivered positive news, contributing to the strengthening of the US Dollar. However, caution is advised as the DXY approaches critical levels. Despite two attempts to breach the top trend line, the index has yet to secure a breakout, signaling a cautious but steady ascent within the buying channel. This measured recovery hints at the DXY's resilience and potential for sustained growth. With eyes set on the next target of 1.600, traders are urged to stay alert and responsive to market dynamics. Monitoring the DXY's trajectory closely will be crucial for capitalizing on the anticipated upward momentum. As traders navigate the complexities of the forex market, strategic positioning and risk management will be paramount. By staying informed and adaptable, traders can seize the opportunities presented by the DXY's journey towards long-term highs. if you want to more analysis like this please follow and support..by MrCharlie1Updated 29
U.S.Dollar Index monthly analyzeThe dollar can once again try its luck to cross the 121 channel and it seems that from November 2023 we will have a one-year upward rally for the US dollar.Longby hunterfx19852345Updated 4
DXY is overbought, maybe a little corrections?(4/12/2024)In our last analysis, the DXY TVC:DXY moved as we had anticipated. Right now the bullish scenario is dominant, but DXY is overbought and hit a resistance. So there is a chance that price make some retracement. 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.)by fortunamarkets3
DXY Will Fall! Short! Please, check our technical outlook for DXY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.862. The above observations make me that the market will inevitably achieve 105.500 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider116