DXYExpecting lower prices on the DXY this coming week backed up by fed rates....Shortby princemotheohanesniper75114
Idea for next week.US consumption remains strong, the labour market is robust but yesterday revealed a sharp drop in growth (1.6%) when compared to estimates (2.5%) and the forecast from the Atlanta Fed (2.7%). The concerning data followed just days from a surprisingly disappointing PMI number for US manufacturing which narrowly entered into a contraction, although, it is the flash data so markets will be looking out for any upward revisions to the final print. Still, early signs have now emerged that the US economy is perhaps not as impervious to restrictive rates as was once thought. The quarter-on-quarter (QoQ) PCE prices that are released alongside US GDP yesterday revealed a notable surprise – continuing the ongoing theme of stubborn inflation, which some may argue, is re-accelerating. The actual GDP print revealed a sizeable miss, initially sending the dollar lower but the move was short-lived due to the effect of the higher price data.by EZIO-FX0
DXY IndexPair : DXY Index Description : Bearish Channel in STF Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Long Time Frameby ForexDetective8
BUYSIDE IS GOING TO BE TAGGED OUT : DOLAR INDEXAs seen from the chart, the price of Dollar is very bullish on the higher timeframe. Now that price have tapped into the weekly FVG and rejected perfectly to the upside I expect one of two things to happen that will make price to reach for higher prices 1. For price to take out the Previous week's low and then rally to the upside 2. For price to simply expand higher Which of the scenarios do you think will play out? Make commentsLongby ifeanyichukwu_E1
Dollar Index Waite for Good confirmation. Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to support it with a like and follow.by AronnoFx2
Dollar has a bullish week ahead after reaction from Order BlockThe dollar remains bullish. I think that two weeks of reaccumulation has ended and next week we will see another push-up. Support level: 105.9 COT data confirms its bullishness 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-Hunter4
USD seems retracing with a flag pattern...Bias still upsideHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias still on the upside, let's see how it play out on a NPF Cum Interest rate week ahead! Do check out my recorded video (in trading ideas) 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"! -- Longby Shadowing_The_Big_Boys0
Like any good guru, is likely we can go up or down.Election year is always a tricky one. If we can stay under the CE I'll look for shorts. If we break above Ill be looking for longs. Keep in mind the timeframe and the style of trade you will take. Swing or Scalp, remember your plan - trade the plan. by AT-3U115i0
USD major fractal buyShowing the most clear completed waves on the highest fractal possible with the data available. This is actually one of my most highly probable formations that is taking place and shown here (ABC with a WXYXZ sub-wave in the C leg). With a bare minimum bullish target, which is entirely about completed waves the levels shown here are laid roughly and with a general expectation, zooming in to lower fractals and counting waves for measured entries. The pattern itself can be a bit tricky as it completes, meaning from this fractal (timeframe/perspective of waves) will come in with different "intensities" or "volatility" ...this is why you simply have to drop lower in fractals and count the sub-waves....waves inside of waves. The best part of this pattern is that its a wave 1-2 and when it completes, kicks off waves 3-4-5 with wave 3 the largest and biggest move of the overall 1-2-3-4-5 or 1 complete impulsive move Longby afinalboss2
Will DXY break Descending Channel at Support?!Here I have the DXY on the 4Hr Chart! For the past 2 weeks, Price on DXY has been steadily falling! With our Highs and Lows marked, we can see that Price is outlining what looks to be a Descending Channel! If price continues to follow down this channel, I suspect that the ( 105.53 - 105.025 ) Support Zone will be the area price will Most Likely find support to push higher!! What I want to see is Price test the Falling Support of the Descending Channel for a Third Time with a successful bounce ultimately turning this Descending Channel into a Bull Flag Pattern! -For added confirmation, once the next low is formed, I'd like to see: 1) The low be Equal too OR LOWER than the Second test of the Falling Support 2) A Bullish Divergence to appear on the RSI so underlying direction Fundamentally to finish the week: Advanced GDP, Unemployment Claims, Pending Home Sales (Thur) Core PCE, UoM Consumer Sentiment (Fri) -Another big fundamental factor to DXY strength will be the results from JPY Policy Rate decision and Core CPI released Thur!Longby Novi_FibonacciUpdated 1
USD INDEX (DXY) ... BULLISH OUTLOOKBias is Bullish. Price has rebalanced the +FVG, and now looks ready to target the buyside LQ, providing the FVG holds firm. Expecting an Internal->External move. We are just shy of the 2nd standard deviation. I enjoy any feedback or questions in the comment section. All opinions are welcome! LIKE or BOOST this post, if you would. I would be appreciate it. SUBSCRIBE if you want to catch all of my future postings!Longby RT_MoneyUpdated 3
DXY sell breakdown this weeklet price push to the top of the correcting structure or let tag the 107,000 price forming a double top and look for price action on the lower time frameShortby vickhola2
DOLLAR INDEX106.35 AND 107.10 levels will be interesting for next week. Let it see. Longby milos.miljkovic19760
DXY in the first half of 2024A glimpse of the DXY in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?by HamiratradingUpdated 10
IDEA ON DXY Showing Strength BULLISHDXY bullish outlook due to potential Fed rate hikes this year attracting investors seeking higher dollar returns. However, monitor global economic health, other central bank policies, and risk aversion for additional influences. Longby AhmadBhattiz0
Dollar Index Breaks Support: Brace for Downside Moves!Hey folks, Exciting developments in the world of trading! 📈📉 The dollar index just made a significant move, breaking and closing below a major daily support level. 🚀 What's more intriguing is the response afterward—a bullish retest that's met with a strong bearish reaction. 🐻💥 This could be a game-changer, indicating a potential downward trend in the dollar index. 📉💼 Traders are taking note of this shift, and it's got everyone talking about the possibility of further drops in the market. 🗣️💭 As always, keep a close eye on the charts and stay tuned for more updates. The trading landscape is full of surprises! 💫💼 #Trading #DollarIndex #MarketAnalysisShortby MrCharlie1Updated 1136
US interest rate reduction?!As you can see, the US dollar index has completed a 5-wave uptrend and after touching the top of the uptrend channel and breaking the uptrend line, it is currently in the second correction wave. I expect to see the beginning of the third correction wave soon. This may coincide with the reduction of the US interest rate in next week!! Shortby soroush_soltani4
DXY Bullish FlagDXY 1D Bulloh flag possibly upto 107 and higher I'm not surprised since we're almost at both a 3rd world war and a recession that USD would wanna go higherLongby GlassICE1
DXY target 108DXY after breaking out of a symmetrical triangle break above neckline from inverted SHS. DXY is very bullish. I do think we will see a correction, but it will be only a small one with more to go!Longby Consistent_TradesUpdated 1
DXY Will Go Down From Resistance! Short! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 105.696. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 105.096 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider114
DXY Will Move Lower! Sell! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 105.823. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 105.021 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 114
Levels discussed on livestream 26th April26th April DXY: Consolidate along 105.60, could retest 106, but likely to range between 105.60 and 106 NZDUSD: Sell 0.5945 SL 20 TP 40 AUDUSD: Buy 0.6550 SL 30 TP 60 USDJPY: Watch for 157, could scalp up to 158 Sell Stop in place, in case of intervention GBPUSD: Sell 1.2520 SL 30 TP 90 EURUSD: Buy 1.0760 SL 40 TP 100 (hesitation at 1.0815) USDCHF: Sell 0.9115 SL 20 TP 50 USDCAD: Look for reaction at 1.3610 Gold: Continue trading higher to 2360 (61.8%)by JinDao_Tai6
$ DXY and FED meeting next week - a push higher ?DXY $ maybe one to watch over the next couple of Weeks as it seems to be approching Strong support. Fundimentals, as ever, Will pay a huge part in this and so we wait. Today we have personnale spending and income Data BUT the real Biggie is on 1st May next week when we have the FED Interest rate decision made public. If that remains the same ....or rises......then the $ will push higher. That in turn will take moeny out of other markets......But maybe not #Bitcoin too much. We shall have to wait and see But watch this later today. DXY usualy tries to push higher on a Friday to close for the weekend on a high.by Orriginal0