bearish dxy may send eur to the moon if price respects that fib am expecting price to tag 0.62 fib level then i can start looking for sells on dollar pairs and buys on quoted ones Shortby reaganbwire005
dollar analysisUSD long term analysis on monthly and weekly time frame usd bullish till reaches 105.6 based on ict concepts and analysisLongby Trendzone10
Dollar Index is hit the support of 104.557 and its heading upDollar Index is hit the support of 104.557 and its heading up ,soo take advantage of the strength of the dollar index to position yourself for a buy on this pair with proper risk management alot can be made .Longby ebenezerrobot3
Dollar Index (DXY): Breakout & Demand Zone 💵The Dollar Index successfully surpassed and closed above the neckline of an ascending triangle pattern and a significant resistance downward trend line. The current price is undergoing a retest of this broken structure, and I anticipate a bullish movement to occur from this demand zone. My targets are set at 105.11 and 105.40.Longby linofx17733
USD INDEX (DXY)... Bias is BEARISH!Bias is Bearish. Price is still in a -FVG, though it has almost filled it. But until there is a candle close on a daily basis, my bias will remain bearish. My view is the 5 days of bullish PA is simply just a retracement... an internal move after a BOS. The low resistance liquidity run below the previous lows can potentially draw price lower. There is a fair chance that today's high will be swept before it turns around.Shortby RT_MoneyUpdated 110
Dollar Index (DXY) After FOMC MeetingTechnical Analysis: The U.S. Dollar Index (DXY) is presenting a nuanced technical scenario, having established a trading channel over recent weeks. Currently, the DXY finds itself probing the 104.30 resistance level after rallying from deeper support levels. The price action within this channel is crucial as it challenges the 105.00 area, which has consistently acted as a support previously in the past. Market Context: The backdrop includes a recent hawkish tilt in the Fed's meeting minutes which has provided some support to the dollar. However, sticky inflation remains a headwind, tempering aggressive bullish sentiments. This dichotomy creates a delicate balance for the DXY as it navigates between macroeconomic influences and market sentiment. Our Position: We are closely monitoring the DXY’s interaction with the established resistance and support zones within its trading channel. The index's ability to sustain above the 105.00 level could signal a continuation of the upward trajectory, potentially challenging higher resistance levels. Conversely, a failure to maintain this momentum may see the DXY retracing towards the lower boundary of the channel near the 104.00 mark. Key Levels to Watch: - Resistance: 104.9/105.00 - critical levels that could dictate short-term movements. - Support: 104.20/104.00 - a break below this could lead to further declines towards more substantive support zones. Upcoming Economic Indicators: With unemployment claims, home sales data, and consumer sentiment figures due in the U.S., traders should brace for potential volatility. These data could provide further clarity on the economic landscape and influence the Fed's policy decisions moving forward. Conclusion: Investors should remain vigilant, considering both the technical setup and forthcoming economic data. The interplay between a hawkish Federal Reserve and persistent inflation offers a complex trading environment for the DXY. Adjusting strategies in response to the breaking of key technical levels or new economic insights will be essential for navigating the coming sessions effectively.Shortby TradingFXio1
Dollar Index (DXY) After FOMC MeetingTechnical Analysis: The U.S. Dollar Index (DXY) is presenting a nuanced technical scenario, having established a trading channel over recent weeks. Currently, the DXY finds itself probing the 104.30 resistance level after rallying from deeper support levels. The price action within this channel is crucial as it challenges the 105.00 area, which has consistently acted as a support previously in the past. Market Context: The backdrop includes a recent hawkish tilt in the Fed's meeting minutes which has provided some support to the dollar. However, sticky inflation remains a headwind, tempering aggressive bullish sentiments. This dichotomy creates a delicate balance for the DXY as it navigates between macroeconomic influences and market sentiment. Our Position: We are closely monitoring the DXY’s interaction with the established resistance and support zones within its trading channel. The index's ability to sustain above the 105.00 level could signal a continuation of the upward trajectory, potentially challenging higher resistance levels. Conversely, a failure to maintain this momentum may see the DXY retracing towards the lower boundary of the channel near the 104.00 mark. Key Levels to Watch: - Resistance: 104.9/105.00 - critical levels that could dictate short-term movements. - Support: 104.20/104.00 - a break below this could lead to further declines towards more substantive support zones. Upcoming Economic Indicators: With unemployment claims, home sales data, and consumer sentiment figures due in the U.S., traders should brace for potential volatility. These data could provide further clarity on the economic landscape and influence the Fed's policy decisions moving forward. Conclusion: Investors should remain vigilant, considering both the technical setup and forthcoming economic data. The interplay between a hawkish Federal Reserve and persistent inflation offers a complex trading environment for the DXY. Adjusting strategies in response to the breaking of key technical levels or new economic insights will be essential for navigating the coming sessions effectively.Shortby TradingFXio0
Levels discussed on 23rd May livestream23rd May DXY: Needs to break 105 resistance, to trade up to 105.50 NZDUSD: Sell 0.6065 SL 30 TP 70 AUDUSD: Sell 0.6610 SL 20 TP 50 USDJPY: Buy 157 SL 30 TP 95 GBPUSD: Likely to stay just above 1.27, Sell 1.2690 SL 25 TP 85 EURUSD: Sell 1.0790 SL 20 TP 60 USDCHF: Buy 0.9165 SL 25 TP 60 USDCAD: Buy 1.3710 SL 25 TP 50 Gold: Below 2350 could trade down to 2330 by JinDao_Tai3
DOLLAR possible long Setup1. DXY broken the trendline. waiting to break the 200EMA cross 2. Once we got the confirmation after the EMA break we can take long while short the USD pairs (EURUSD and GBPUSD). 3.I'll update once we got the confirmation, stay tuned 4.Please support and follow more for updates. Thank you Longby Sha_The_Icon2
DXY - 23 May 2024Since 16 May 2024, price open low but trade higher. Along the way up, price didn't experience strong resistance from above, not until it reaches 104.35, even there is some remaining selling pressure at that level but we can clearly see there isn't any follow through afterwards. Price hold, and Monday open price again start to trade higher slowly and gradually. Wednesday LD we start to see some bullish intention, a minor acceleration, this is a sign of continuous SOS. In short term, I will expect a higher prices from here.by FX_ArteezZ1
DXY LONG SETUPpossible recovery for us dollar. possible target : 108+ good luck. Longby VulcanoRossoUpdated 16
USD INDEX.... BEARISH BIAS.Bias is Bearish. After breaking the low, price pulled back to internal LQ at the -FVG. Reaching the CE, price was rejected and closed Fri within the range of the previous candle. The expectation is for price to continue lower, seeking external LQ at the Thurs low and potentially the swing low. Thank you for viewing! Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! May profits be upon you.Shortby RT_MoneyUpdated 335
DXY Dollar Looks Bearish to 104.080I'm bearish on DXY dollar down to 104.080 (previous 2 week candle low) I view the current move up in price as a potential opportunity to short DXY. Intermediate timeframe (h8) is delivering bullish (closing above the highs of down close candles). In this scenario, I watch for entries above fractal h8 swing highs, or if there is a bearish h8 cisd, enter on pullbacks into bearish arrays.Shortby Tradius_TradesUpdated 1
DXY upside opportunities..hey guys here's what i am looking at on DXY, as we all know the dollar as remained bullish and the trend hasnt changed.I have been by the dollar since 105.615 and i am currently looking to at a more decent opportunity at the daily support to buy more of the dollar long term. if this helps dont forget to like and leave your thoughts.Longby Ace_trades1Updated 2
DXY up and then down for the yearI see the DXY climbing higher to the 106 area where i see it topping on May 31st. After the long memorial day weekend, I see the dollar fall and equities / commodities climb higher until October. I still think the US election will be a sell the news event no matter the outcome. Many will want to get out and timing the top will be hard. We should start seeing people get out in October though making October live up to its historical negative month. #DXY #Equities #Commodities #GOLD #BTCby SwingTraderEd1
DXY Today on FED meetingAt the time of this writing today is FED meeting, however i'm still neatural to bearish on DXY unless it can get itself higher than 105 again Jobless Claims tomorrow Anyway, we'll see what happensby GlassICE0
Dxy Fuel is Remaining Hi friends, mates and Trading community so here i want to share my analysis on Dollar index on weekly time frame according to the my observations based on price action and trend analysis. So as we can see on provided weekly time frame that chart is improving and came out from downtrend by breaking last swing top area and closed above which is the highest weekly closing in last 23 weeks and gives a symmetrical triangle breakout too so this is quite possible that we are in the beginning phase of trend reversal so now from here as long as the price sustains above the previous top, there will be a possibility of it going up further and for this idea, I am able to see some previous resistances as targets for this idea friends. Adding a breakout retest zone too by chart snapshot-: Rest i will update accordingly whenever is needed. This idea is meant for only educational purpose this not any kind of trading or investment advice. Best Regards- Amit Namaste 🙏 “There is a time to go long, a time to go short and a time to go fishing.” - Jesse LivermoreLongby AMIT-RAJANUpdated 5542
DXY4-hour time frame dollar index analysis I expect correction of gold and currency pairs against the dollar.Longby m0neyminer1
nice three drives pattern if we can completethree drives setup in the dx , just need to get a fire under her. coincides with the .618 as wellLongby mrenigma1
DXY is ready to hurt some folks!! Deflation could be around the I am expecting to see dxy to 1.12 sooner than y'all think. We watched china get jacked up by DEFLATION and I think it is coming home soon. Penny meme stocks are going wild! End of a cycle indication to me. I have some buy orders on them beyond 70% down. After the last dump, whatever survives I believe will make you rich!! Benner cycle! Take profits while you have them maybe?? NOT FINANCIAL ADVICE!!!by Polarbearman0
Bear Bear Bear !!Death cross on ema 13 & 21 + possibly making a hidden bear divergence will likely make Dxy making lower low and it will be good for high risk asset.Shortby Kabez14
DXY HEDGES ABOVE Dxy hedges above to make intrinsic move above ,,, and make an alignment to short gold follow for more insights , boost and comment DLongby Ak_capitalist2
DXY STRUCTURE Using correlation analysis EURUSD has a negative correlation with DXY and here is the structure for DXY we will wait for a pullback into the region we have marked out and that is where we will look for entry confirmations and we will trade off from there, do well to like share and follow, stay tuned for more updates.Longby Dr_Trade10