#DXY WEEKLYVIEWBuy on dip with proper confirmation by doji or candle stick patter in 15min tfLongby Drpankajbhingradiya1
USD Index AnalysisCheck the chart for the Breakdown. This is a bullish trend from july 2023, and a pull back began in october to jan 2024 and bullish trend began again @ P1 which is the first inside pull back. See P1 Bullish trend continue on march after a pull back that came to fill an opening gap though it broke structure for a bearish trend but because there was an opening gap that why it came to test and then continue back . see P2 Pull back started in mid april and get to the FVG and rally up to continue with a strong price action of a pin par at a FVG , indicating that the bullish trend is cntinueing again. Go to lower time fram and see a CHOP for a bullish and enter trade of buying usd against her pairs. see P#Longby josephrich1222
REAL ACCOUNT POST WEEK UPDATE DXY< GOLD < GBPUSD analysis and account performance, Enjoy, and trade safe 13:36by FX-Fanatics3
USD on the Rise? Concerns for the EUR. We'll see at 07:30 CSTUSD trying to gain a foothold after yesterdays lows due to a Higher than Expected Unemployment Claims report. The DXY dipped high in the morning from around 105.740, dropping to a low of around 105.200 and then went up slightly into a consolidating in a range from 105.332 high to 105.204 low. That being said USDCAD took a hard drop yesterday. These moves were beneficial to the AUDUSD & NZDUSD pairs as AUDUSD soared to a high of around 0.66230, retracing back to around 0.65994 before rising slightly into a consolidation pattern. NZD had the same affect reaching a high of around 0.60400 before retracing to a low of 0.60142, retracing near the high before settling down into consolidation. EUR pairs having the same reaction . GBP & EUR news releases early this morning being mostly favorable for the pairs, USD trying to get a footing with the demand of Gold & Silver still on the rise, we're seeing some uncertainty in the market as we come to an end of weeks closing. Awaiting further CAD Unemployment Claims report scheduled later this morning at 07:30 CST, this could be a make it or break it moment for the USD as we come to a close, pushing us into a Reversal for the week ahead or pushing us further down. Good Hunting Traders. by RagingSniper3
Dxy projection Dxy(dollar strength) after a pullback in respect to the manipulated unemployment claims ... the moment tum starts to build ... from the price 104.700's ,swift movement to 105.900's is now being expected in the NYS . Follow for more insights , comment , boost and follow Longby Ak_capitalist6
DOLLAR INDEX DXY Bearish Side Heist PlanHola Ola Hello Traders, This is our master plan to Heist Bearish side of DXY market. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone it is High risk Dangerous area Consolidation will happen Bull Trend will continue to go Upside.. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday.Shortby Thief_TraderUpdated 1
Levels discussed on 10th May Livestream10th May DXY: Consolidating, look to retest 105.50, then trade lower to 105 round number support. NZDUSD: Sell 0.5975 SL 15 TP 40 (Possible double top) AUDUSD: Waiting, looking for a reaction at 0.6660 USDJPY: Test and reject 156 (breakout of bullish channel) Sell 155.80 SL 40 TP 130 GBPUSD: Buy 1.2550 SL 25 TP 55 EURUSD: Sell 1.0790 SL 20 TP 60 USDCHF: Choppy at current level USDCAD: Sell 1.3660 SL 20 TP 40 Gold: Needs to stay above 2345, above 2371 could climb to 2400by JinDao_Tai117
DXY Bearish Drop Last week, Bullish Rally This Week...?TVC:DXY "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Yoo Family I hope all is well!! Paying close attention to the US Dollar is very important when it comes to my trading especially since I trade GOLD...Hopefully this breakdown can help you as well... I constructed this narrative simply off the Weekly, Daily & 4Hr PA...IMO I believe the US Dollar will be bullish this week here's why, rock w/ me... 1) Last week buyers pushed the Dollar all the way back up towards the Daily Last Swing HIGH level ($ 106.515) and were met with instant resistance from aggressive sellers and lost the battle of dominance and sellers developed the stronger hand & dropped the Dollar Underneath Daily Swing EQ level ($105.200) and into Discounted Demand Levels... 2) The market had extreme imbalance to the upside and sellers pushed price into a HTF Daily Pivot Demand Zone to rebalance the market for fair value... Remember both Sellers and Buyers both have to have equal fair play in the market... 3) Now that Price has mitigated the HTF Daily Pivot Demand Zone which is considered Discounted pricing I believe the job is complete for sellers and now buyers maybe ready to enter the market and drive the dollar back up... This is just my opinion nothing is set in stone when it comes to the market as we do play the long-term game of probability... 4) On the Daily TF we have a huge rejection candle out of that pivot demand zone I mentioned... Now lets see if buyers come back into the market... Lets see if Buyers can push the US DOLLAR back up this week!! Stay active in your charting... #BHM500K #NewERA #Champions Longby TreyHighPwrUpdated 3
Don't demonise the dollarWeekly 1 2 3 reversal. Higher high higher low. Price may end on a positive tone this week. Yes in the short run price is volatile; but usd is stable. US is can be seen to be sorting out their internal problems from the extremists. Once they realize protecting american citizens will bring more capitalistic money in their wallets and more freedom; the democrats and republicans may actually hold their hands together. As both side need each other. The age of secret of hardwork is key applies. Usa is the 👌 everyone trusts the sp500 as the standard of world progress and majority of which is in usa. There is no alternative to the dollar for now; so take advantage of it. Use it for carry trades for ease of use. Just remember the few extremists in the Usa are but 1%. The rest are still sane.Longby LittleSovi0
DXY Next Move "After the sharp decline in the US dollar index due to the recent employment data and unemployment rate, we are facing an important event, which is the inflation data. If the data comes in high, this will be a shock and surprise to the market, and the index will rise again above 106. The second scenario is a decrease in inflation, which is possible at the moment. If the data comes in low, the Federal Reserve will have a great opportunity to lower interest rates soon, especially in July and September, and most experts anticipate the decrease in November. This will be very negative for the dollar, and it will decrease to around 102. Watch the chart carefully to understand, as the scenarios are depicted on it. Good luck!"by Hejaaa2
Dollar Index (DXY): Bearish Outlook After News 💵 Today's US fundamentals are very bearish for Dollar Index. After a test of a key daily horizontal resistance, the price formed a strong bearish imbalance and violated a support line of a rising wedge pattern on a 4H time frame. I think that the fall may continue. Next support - 104.9 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader2210
DXY long- we on a daily BISI on a Thursday how interesting is that. -look for 1hr to 4hr CHOCH to the upside. - Killzones I'm looking for its probably London session tomorrow. -Don't to check if there's fundamentals before taking a trade.Longby cloudy_Blank_1
Will the Dollar continue his Downtrend? #DXYThis morning we're seeing the Dollar going down due to the Unemployment Claims news. Will the Dollar continue his Downtrend? Levels taken from Forex Factory: Unemployment Claims Actual: 231K Forecast: 212K Previous: 209K References: www.forexfactory.com www.reuters.comShortby MartinValdivia2
Shorting DXY: A Calculated Gamble on a Weaker DollarShorting DXY: A Calculated Gamble on a Weaker Dollar, But Beware the Dragons The DXY, or US Dollar Index, measures the greenback's strength against a basket of major currencies. With rising global tensions and a potential shift in global power dynamics, the question lingers: is it time to short the DXY, betting on a weakening dollar? Let's explore the arguments for and against this strategy. The Case for Shorting DXY: A Multi-Pronged Approach • America's Shrinking Lead: The US, while still a dominant economic force, faces challenges. Its manufacturing base has shrunk, its national debt is ballooning, and infrastructure crumbles. These factors could erode confidence in the dollar's long-term stability. • The Rise of the Rest: China's economic power is undeniable. The yuan's internationalization efforts are gaining traction, potentially chipping away at the dollar's dominance as the world's reserve currency. Other economies like the Eurozone are also maturing, offering alternatives. • A Concerted Effort: Imagine a scenario where the US's major allies, concerned about American dominance, decide to weaken the dollar. This could involve measures like central banks diversifying reserves away from the US or pegging their currencies to a basket that excludes the dollar. While a hypothetical scenario, it can't be entirely dismissed. China: The Dragon in the Room China's displeasure with a weakening dollar is a significant risk factor. A weaker dollar makes Chinese exports more expensive, hindering their economic growth. China holds a significant amount of US Treasuries, and a devalued dollar would erode the value of those holdings. This could lead to China dumping US Treasuries, further weakening the dollar in a vicious cycle. Beyond China: Other Considerations • US Response: The US Federal Reserve has tools at its disposal to counter a weakening dollar. Raising interest rates, for instance, could entice investors back to the dollar for higher yields. • Global Instability: A devalued dollar could create global economic turmoil as countries scramble to adjust exchange rates and inflation spikes. This could be particularly damaging for developing economies. • Unpredictable Markets: Shorting any asset is inherently risky, and the currency market is especially volatile. Unforeseen events can drastically alter currency valuations. So, Should You Short DXY? The decision to short DXY depends on your risk tolerance and investment goals. Here's a breakdown: • For Aggressive Investors: If you believe in a long-term decline of the US dollar and have a high tolerance for risk, shorting DXY could be a potential strategy. However, careful risk management is crucial. • For Cautious Investors: The potential consequences of a weakening dollar, particularly China's reaction, are significant. It might be wiser to stick with less volatile investments or consider options strategies that limit your downside risk. Alternative Strategies Instead of shorting DXY directly, consider these alternatives: • Invest in a Diversified Currency Basket: Spread your risk by investing in a basket of major currencies, potentially benefiting from a weakening dollar while mitigating some of the risk. • Look to Emerging Markets: If you believe in the rise of other economic powers, consider investing in their currencies or stocks poised to benefit from a weaker dollar. The Final Bite The future of the US dollar is uncertain. A combination of factors could lead to its decline. However, the potential consequences, particularly China's response, are significant risks to consider. Carefully weigh the arguments before taking a short position on DXY. Remember, diversification and a measured approach are key in navigating the ever-fluctuating currency markets. by bryandowningqln0
DXY ANALYSIS FOR FRIDAYHi traders, we share here the analysis of DXY. please see the full video for understand Long02:04by FOREX_HIGHT0
Dollar is set to go higher from here or that FVGThe dollar has made a big bullish reaction during the NFP. The whole week it was trading up now we are getting the first pullback, I think it can dip just to the discount and continue up as stated on this idea below. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔ Longby Dave-FX-Hunter7
$BTC and $DXY mirror chartsOften overlooked, TVC:DXY chart is inverely proportional to CRYPTOCAP:BTC price. If TVC:DXY is bearish, CRYPTOCAP:BTC will probably go bullish, and if TVC:DXY goes bullish, CRYPTOCAP:BTC probably goes down. TVC:DXY can work as an indicator of CRYPTOCAP:BTC next moves, or even a good way to find bottoms or tops on Bitcoin. Since a top in TVC:DXY might mean a boom on Bitcoin! Keep an eye on TVC:DXY whenever you are trading $BTC.by fortune_001
Levels discussed on 9th May Livestream9th May DXY:Look to break out of consolidation, push up higher to 105.80 (61.8%), could retest trendline, rise to 106.10 NZDUSD: Sell 0.5975 SL 20 TP 40 AUDUSD: Buy 0.6595 SL 30 TP 60 (dxy weakens) USDJPY: Buy 156.25 SL 30 TP 70 GBPUSD: Buy 1.2475 SL 20 TP 60 EURUSD: Sell 1.0720 SL 20 TP 40 USDCHF: Buy 0.91 SL 20 TP 40 (break out of consolidation) USDCAD: stayout, watch and wait Gold: Break 2305 to trade down to 2300, beyond that could reach 2290 by JinDao_Tai6
DXY : DXY is likely to weaken following the dataAs of the time of writing, the DXY index extended its recovery for the fourth consecutive session, trading around 105.50 and at the same time putting pressure on major currency pairs. In the early morning of May 9, the State Bank announced that the central exchange rate USD/VND increased by 6 VND, currently at 24,249 VND. The reference exchange rate at the State Bank's Buying - Selling Exchange remains unchanged at: 23,400 VND - 25,450 VND.Shortby SantaTradeGold4
DXY Mid-Term DirectionHere's what I see for DXY, along with potential mid-term target. I think we are in the middle of a three drive up pattern. We should have retraced down to 104 to hit the 61.8 fib, as we did in the first drive. However we only made it to the 50% of second drive before bouncing back up, likely because of renewed yen weakness after intervention. Yet the 1.618 ratio can still stay consistent in this channel. If this trend plays out, I see target of 107.7. However, should BOJ/MOF intervention again, DXY will decline. If this happens, or other news breaks that causes DXY to dump, I'll be looking at the white dotted line for support. The bottom blue lines of this channel act as S2 & S3. I will also be keeping my out for a closure below 104, which would invalidate this analysis. All of that being said, It appears we are at the beginning of the third drive up. This is supported by the price pattern and harmonic ratios, as well as the amount of time we have spent in each uptrend and down trend. As displayed in my chart, each downtrend lasts about half as long (in bars), as each uptrend. This is NOT financial advice. Do your own research. I simply want to share my ideas as I learn, and welcome any feedback! Good luck! Longby BB-Trades15
DXY WEEKLY LONGUS DOLLAR keeps hiking amid fed rate cut alerts due to inflation gifted by war in general in different places on earth. Looking at price action and dollar is warming up for the jump. the only way to reverse this is for inflation to stop hiking and dollar will face south again. prediction of this matter is quite tough and best policy is to keep going with the movement before we signs of exit. USD economic data just delayed the lower inflation hopes and fueled DXY hikeLongby THE-real-DealUpdated 3
DOLLAR ON THE FLYTechnically speaking USD has been ranging from 100 to 105 for a long time. it had an up break twice but got rejected. This time is different and that is due to the break not getting rejected. Market move showing a big bull run incoming targeting 110 area. Expecting FED to keep rates steady due to GREEN CPI readings making them kind of unable to do so. The only way to break this bull run is breaking below 105 once more.Longby THE-real-DealUpdated 4413