$dxydoubt this bubba has lefs expecting a reisting of breakout area followed by a loss of support resulting in a deviation IF not then big hammer above is where we would likely have tonnes of liquidity and reverse there above that God help us:)by CompoundingGainUpdated 4413
Consolidation located around or demand areaWe are looking for a rally in price as we are trade around our 1H/4H Demand zone and we have a ranging market that is set to trick many of us to take early trades. We have to waith for price to break out of this range to the upside for us to shorting positions on GOLD and Us100by cpointfx1
DXY Will Go Lower From Resistance! Sell! Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 106.329. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 104.242 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 229
Levels discussed on 2nd May Livestream2nd May DXY: Consolidate along 105.50, Look for price to break 105.50, trade down to 105.30. NZDUSD: Buy 0.5960 SL 20 TP 50 AUDUSD: Buy 0.6590 SL 25 TP 65 USDJPY: Sell 154.80 SL 50 TP 180 GBPUSD: Buy 1.2570 SL 40 TP 80 EURUSD: Watch the resistance level Buy 1.0750 SL 30 TP 70 or Sell 1.0715 SL 30 TP 65 USDCHF: Sell 0.9130 SL 20 TP 75 USDCAD: At the support level, Sell 1.3695 SL 20 TP 60 or Buy 1.3730 SL 25 TP 50 Gold: Needs to break 2300 to trade down to 2282by JinDao_Tai118
DXY Index is Ready to Fill GAP🚀🏃♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone. 🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside the descending channel . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect the DXY index to Gp UP to at least the 🔵 GAP($106.613-$106.504) 🔵after breaking the upper line of the descending channel . ❗️⚠️Note⚠️❗️: If the DXY index can break the lower line of the descending channel, we can expect the DXY index to drop more. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Longby pejman_zwinUpdated 1130
U.S. DOLLAR CURRENCY INDEX (DXY) (Update)Always and at all times. All events will occur in the chart. Trend Prediction - DXY Forecasting - Resistance and Support Lines **** Yousef Sharafi ****by MyAI20502
EURUSD - Time to trap the herd going long?As mentioned in my previous analysis on EURUSD, what I was looking for came to pass. The large swing move did not occur yet, so i'm anticipating one more spike up higher before we head to the downside. I have a few things leaning towards my short bias: 1. Seasonal tendency for the USD is stronger. This is suspect for XXXUSD pairs to be going up. 2. May's monthly candle barely went lower in terms of Power of 3 manipulation, meaning i'm leaning more towards the manipulation being on the upside rather than downside. 3. DXY has my signature R2F Gap where I anticipate a reversal on EURUSD, and EURUSD has a nice area of inefficiency and a Breaker, which are both my favorite models. 4. Other EURUSD correlated assets are engineering Sellside Liquidity for later. A long could be taken higher, but I will be stalking the short setup i've been waiting for. I was open to it being the recent spike lower, but I see now the market is trying to do a multiple switcheroo. This will likely be the last one. So let's see what happens! Exciting times! - R2FShort07:26by Road_2_Funded2
U.S. Dollar | As we expectedThe trend line has been tested but not crossed, we have set this as a buy zone, if it breaks out all we will do is I mentioned this region in the update of the analysis I shared this morning. You can see it in the quote. I'm still looking for shorts on the EUR pair.Longby XU3Trades0
DXY Macro trendJust beautiful how price is moving since we created the HL in January this year. We should be retracing a bit...giving BTC and Gold and equities a bit of a relief. But make no mistake... pain is coming. A position in a USD long pair should be the trade of 2024 if the DXY continue its uptrend.Longby SABoikie1
Dollar-DXY, is set to rally this week, we expect 106.20 and moreWe expect DXY to rally this week, our first target is the old high at 106.20. If the dollar stays strong, we have even higher upside targets of 106.5 and 107.20 in the near future. A higher dollar suggest a risk off scenario, hence we could see lower prices in other assets eventually. This is no financial advise! Do not risk real money on any idea published by us.Longby MintMarkets_FxUpdated 1111
DXY - Ranges overview DXY has broken out of its range and currently heading towards the 108's. From a HTF perspective we are still trading within a range. Nothing new...nothing shinier we are still within the same previous HTF range. IF we hold these current levels we should expect a higher DXY and lower indices, crypto and stocks. IF we fail to hold these current highs expect DXY to retrace and higher indices, crypto and stocks. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form. Longby Patrick27070
DXYThe U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' Longby HavalMamar0
#DXY buy entryPrice playing on a weekly key zone. It has been swinging the whole week but my bias is still long. On the daily chart we have a buy confirmation entry in form of engulfing body with a complete bullish setup on the 4hr. by Liquidity_Queen2
Dollar Index Federal Reserve DayDollar Index The numbers and areas mentioned on the chart are based on breakthroughs or consolidation on them with four-hour and hourly candles. Do not risk more than 1.5% of your capital. Good luck!"by Hejaaa5
Bullish 📈Here is my analyse on DXY and I'm on a good running profit. For those who did not catch this move, wait for a retest on the blue zone to execute a trade or once all entry are fulfilled.Longby Ronaldo_fx1
Dollar Dollar little The US dollar will continue to rise with decisions that overshadow the interest rate reduction expectation until the US dollar announces its decision to reduce interest rates. The American government stands at a critical point between crisis and growth. Even though it is reaching a crisis point in terms of debt and the course of the world, it is trying to keep the dollar alive by trying to create a positive environment in terms of economic decisions and expectations.by XU3TradesUpdated 9
buy AUDUSD EURUSD AND GBPUSDbuy AUDUSD EURUSD AND GNPUSD as dollar index hit monthly resistance. This is intra day idea not swing. Longby salakosundayad0
📈 DXY Hits 111.11 👆Followed by 113/14Hello my fellow trader, financial market analyst, Cryptocurrency lover; readers and supporters, how are you feeling today? Conclusion? 👉 The DXY is bullish! (You know what this means?) Let's read the chart together for learning purposes, fun and entertainment, or just to clear any doubts regarding my conclusion statement. Feel free to boost before reading! Consider leaving a comment if you enjoy the content or if it resonates with you! Even just a greeting or "Thank you!" will do! ... Let's get started! ➖ U.S. Dollar Index All the action between November 2022 and April 2024 is a long consolidation phase within a major correction (bearish wave) & recovery phase (bullish wave). — The major correction is the period between September 2022 and July 2023. — The recovery phase is the period between July 2023 through April 2024. — What follows is a new bullish impulse. 👉 Mixed within the correction and recovery phase —combined as a trading range— we have the consolidation phase and we now see the potential for a new bullish impulse; a strong move upward. A bullish wave here can mean lots of thing for geopolitics and global finance (war), but we are focusing purely on technical analysis; the chart. We are looking at the DXY on the weekly timeframe. — Last week was a consolidation week (15-Apr). — The week prior was part of a bullish followed up (8-Apr). — We are now within a bullish move that started July 2023. All technical indicators we use are green (RSI, MACD, MAs, candles, Renko, related markets, etc.). All chart signals are pointing up. 👉 The targets are set at 108, 111.11, 113 and 114. The main support level on the way down is 104/3. As long as the DXY trades above 104/3, this chart setup remains valid, its bullish potential. If the DXY moves and closes below this level, the bullish potential is compromised. 👉 While the DXY is bullish, we continue bearish on Bitcoin. While we consider each chart individually, we also take into consideration marketwide action for our analyzes. 👉 Bitcoin is going down; The DXY is going up. The projection remains the same, a correction that can last for months. This means that the DXY can go up for months... We update the chart as it goes and as new information becomes available. Thanks a lot for your continued support. Namaste.Longby AlanSantanaUpdated 8853
DXY Will Grow! Long! Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 105.370. Taking into consideration the structure & trend analysis, I believe that the market will reach 106.731 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 111
dxyUs dollar in my idea us dollar will take higher price in market but before that it can drop down to bottom of channel for short time Shortby shaayaan2
FOMC: A Wait-and-See ApproachIt is pretty much a sealed deal that the Federal Open Market Committee (FOMC) will hold the line tomorrow at 6:00 pm GMT, keeping its overnight benchmark rate unchanged at 5.25%-5.50% for a sixth consecutive meeting. While there is no update for economic projections at this meeting, you will recall from the last policy-setting meeting in March that the quarterly Summary of Economic Projections (SEP) communicated that Fed officials still expect to ease policy by three quarter-point rate cuts by year-end, unchanged from December’s (2023) projections. However, this may be altered at June’s meeting, given inflation. Inflation remains a sticking point for the Fed in light of recent data showing a deceleration in the speed of disinflation. The latest March US CPI inflation print revealed that year-on-year headline CPI inflation rose +3.5%, up from +3.2% in February, which was a touch higher than economists’ estimates of +3.4%. Inflation has fluctuated between 3.7% and 3.0% since mid-2023, emphasising stickiness and that ‘the last mile’ back to the Fed’s 2.0% inflation target is a little bumpier than some anticipated. The latest CPI inflation also marks the fourth consecutive month that we have seen headline inflation beat estimates. The question, therefore, is whether this is still a bump in the road towards the Fed’s inflation target or something more; one thing is certain is that it has made the task of choosing a timeline when to ease policy a little more complex. Will the Fed Hike Down the Road? At this point in time, it is highly unlikely that the Fed will increase the Fed funds target range in the immediate future. However, that door has yet to be closed. Should inflation continue to increase both in headline and underlying inflation and prove not to be simply a bump in the road, then the Fed may not have much choice but to pull the trigger and hike once again. According to market pricing, however, less than 40bps of easing is priced in for the year ahead, with a 25bp cut fully priced in for November's meeting. Fed Officials Echo the Need for Patience Fed policymakers have been reasonably clear leading up to this week’s meeting: the need for more time and concern regarding inflation. Fed Chair Powell essentially kicked things off with comments regarding the need to allow ‘restrictive policy further time to work’ and that more evidence is required on inflation. Vice Chair Jefferson reaffirmed these comments, stressing that the Fed funds target rate may have to remain higher for longer. Susan Collins, president of the Boston Fed, further stressed the need for more time, together with similar comments from Federal Reserve Bank of Minneapolis President Neel Kashkari and Atlanta Fed President Raphael Bostic. Tomorrow’s attention will be on the accompanying rate statement and the press conference. Limited change in the rate statement’s language is expected, essentially repeating that more confidence is required before easing policy. Powel is also expected to echo a hawkish vibe in his press conference thirty minutes after the rate announcement, citing recent inflation metrics, reasonably strong economic activity and robust employment growth. DXY Caught Between Limits of Bullish Flag Pattern Ahead of the event, buyers and sellers are squaring off from daily support, coming in at 105.67, shaped by way of a bullish flag pattern structure taken from 106.52 and 105.74. Should we see a hawkish tone out of the Fed meeting tomorrow, this could be enough to prompt USD bids to lift the US Dollar Index above the upper boundary of the bullish flag towards at least daily resistance between 106.89 and 106.79. However, leading up to the FOMC announcement, it is important to note that US labour data is scheduled to make the airwaves, which could influence price action. We have the ADP non-farm employment change up at 12:15 PM GMT, followed closely by the ISM Manufacturing PMI release and the JOLTs report at 2:00 pm GMT. Longby FPMarketsUpdated 1
continue to uptrend Considering the recent rising wave, it is expected that the index will pass through the resistance range and influence above this range. In this case, the continuation of the upward trend will be more likely.Longby STPFOREX1
DXYDXY made a nice start a direct push up and at this 3 level we can expect some rejection to the down side to retest the daily startShortby BDSBank1