Keeping it simple on the DXYHopefully, DXY respects this range its been in for well over a year now and starts to head down. Give risk on assets another push-up? BTC to $90k? Would this send silver and copper into ATH? What do you think?Shortby oliverjward10
DXY Tuesday Trade Review (14-17) MAY 24DXY is Bullish on HTF. Following our weekly market review where we had anticipated that the market might use MTF/LTF POI to fuel the buying pressure on DXY. We have seen selling pressure on Tuesday which ended up invalidating our analysis or expectation. With that being said nothing has changed on a HTF structure, we are still within the swing bullish leg on 4hrs, our POI & IMB are therefore still valid and we are now looking to see how the market reacts with the anticipation of longs. We also taking into consideration the news events from tomorrow which might fuel the buying pressure. Are we going to see the market sweep LQ below the wick rejection then mitigate the poi/imb? well that remains unanswered. Longby Ocean983
DXY Weekly Bias - Keep it simpleDXY 1W Bias and Context seeks for liquidity at Previous Week Low, Swing Low and Bullish Order-Bock. Shortby powercash0
DXY 1W BiasDXY Weekly Bias and Context: seeks liquidity at Previous Week Low, Swing Low and Buliish Order Block.Shortby powercash0
DXY Bullish DXY has been in an uptrend and most likely will continue this uptrend with the upcoming News event. We can expect USD Pairs to be bullish and USD denominated pairs to be bearish. Longby Trader-Hash4
DXY DIRECTION 5/14/24A couple weeks ago I mentioned that we usually take out weekly highs and lows before we start moving in certain directions. Looking at the chart I still have a bullish bias on DXY. I have outlined current liquidity testing below current 4 hour timeframe lows. These 4 hour lows rest right above last weeks LOW OF THE WEEK(PWL level). This is important because on the daily timeframe we are sitting inside of the OTE zone for bearish retracement to send us higher towards new weekly highs. We have news all throughout this week and if we see manipulation play out today and pierce the PWL and trade back above it preferably creating a fail swing, i will be full on bull for DXY. I will update later on today and give further insight into my thought process moving through this week. Let’s make some money this week everyone and manage risk well. If u like this analysis leave a like, comment any questions and remember to follow me for more analysis by kamaricolmn0
The classic zigzag pattern (Diagonal Wave C)Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody Bearish market scenario (Bigger Flat) The classic zigzag pattern Longby mehdi47abbasi796
DXY Will Go Lower! Short! Take a look at our analysis for DXY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 105.317. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.018 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 111
The Chart is clear on DXY The evident Bear Flag on on the DXY monthly chart points to 1 thing, another 11 point drop on the dollar over the next 12 months. This should have several positive and negative consequences. On the positive side the commodity complex as a whole should do well, particularly precious metals. The grains are more complicated, while the drop of the dollar is generally bullish the harvest(s) in Brazil & Russia are inputs that can't be ignored. On the Negative side, the reason(s) for the drop are key. A Japanese Yen crisis seems to be brewing. A surge of treasury notes from the Bank of Japan to support the yen should bear steepen the yield curve, un-inverting the yield curve, dropping the dollar value in relation to the yen, and ultimately, pushing us into the recession that didn't arrive last year. Positive or Negative, both outcomes result in higher precious metal prices. by dcsmith54440
DXY - Bearish => Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our previous analysis, DXY rejected the upper bound of the red channel and traded lower. What's next? 📉 DXY is undergoing a correction phase , trading within the rising channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline. 📚 As per my trading style: As #DXY approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst1119
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