Short term upside DXY objective.Looking for buyside liquidity after a discount PD array was respected. Longby FxPippenUpdated 0
Why Gold and DXY Rise Together in Times of UncertaintyIn times of market uncertainty, investors often seek refuge in assets considered safe havens, such as gold and the US Dollar Index (DXY). While traditionally these two assets exhibit a negative correlation, meaning when one rises, the other tends to fall, their simultaneous ascent during periods of uncertainty might seem counterintuitive at first glance. However, a deeper understanding reveals the underlying dynamics driving this phenomenon. Firstly, let's explore gold's role as a safe haven asset. Gold has long been revered as a store of value and a hedge against economic instability and geopolitical turmoil. During times of uncertainty, investors flock to gold as a reliable store of wealth, driving up its price. This demand surge can outweigh any negative impact from a stronger US dollar, leading to both gold and DXY rising concurrently. On the other hand, the US Dollar Index (DXY) also garners safe haven status during times of uncertainty. The US dollar is widely considered the world's reserve currency and is backed by the largest and most stable economy globally. Consequently, investors often seek refuge in the US dollar during periods of market turmoil, further boosting its value. Moreover, the correlation between gold and the US dollar is not solely determined by economic factors but also influenced by investor sentiment and market dynamics. During times of heightened uncertainty, investor behavior can drive unusual correlations as market participants prioritize capital preservation over traditional market relationships. Furthermore, it's crucial to consider the broader macroeconomic landscape. Factors such as central bank policies, geopolitical tensions, and global economic outlook play significant roles in shaping investor sentiment and asset prices. Changes in these factors can lead to shifts in the relationship between gold and the US dollar, especially during times of uncertainty when market participants reassess risk and allocate capital accordingly. In conclusion, while gold and the US dollar may traditionally exhibit a negative correlation, their simultaneous rise during times of uncertainty underscores their status as safe haven assets. Understanding the complex interplay of economic fundamentals, investor sentiment, and market dynamics is essential for comprehending the nuances of asset relationships, particularly during turbulent times in the financial markets.Educationby JoeChampion2214
DXY INDEX STRONG BUT OTHERS PAIRS ALSO STRONG WHY read captionOverview: The DXY Dollar Index is currently undergoing intricate price action dynamics, characterized by fluctuations within key levels. Understanding these levels and potential scenarios is crucial for navigating the market effectively. Key Levels: 1. Support Levels: - Notable support lies at , representing a significant area where buying pressure has historically emerged. - Another key support level to watch is , which could serve as a pivotal point for potential trend reversals. 2. Resistance Levels: - Strong resistance is observed around , reflecting a point where selling pressure has historically intensified. - Additionally, stands as a crucial barrier that the index needs to overcome for sustained bullish momentum. Potential Scenarios: 1. Bullish Scenarios: - In the event of sustained buying pressure, the DXY may experience a gradual uptrend, with potential targets at . - A breakout above key resistance levels could signal a shift towards a bullish trend, offering opportunities for long positions. 2. Bearish Scenarios: - Conversely, if selling pressure intensifies, the index may face downward pressure, targeting key support levels such as . - Failure to hold above critical support levels could lead to further downside momentum, presenting opportunities for short positions. Observations: - The current price action suggests a tug-of-war between buyers and sellers, resulting in a consolidation phase. - Market sentiment appears indecisive, characterized by alternating periods of buying and selling pressure. Conclusion: Navigating the DXY Dollar Index requires close attention to key support and resistance levels, as well as an understanding of potential scenarios. Traders should remain flexible, adapting to evolving market conditions to capitalize on opportunities arising from both bullish and bearish movements. --- Feel free to tailor the text to better fit my analysis and trading preferences.by MrCharlie1Updated 2234
Another impulse for DXY ???Dear Traders, I expect price try to retest 106 Area , after correction, 102.500-102.800 ( Good Time to sell EURO ,GBP) 105.900-106.000(Good Time To buy EURO,GBP) dont forget like&comment please ! regards, Alireza! by alirezakUpdated 1110
DxY AlarminG ! 🚨Hi mates and trading community sharing mine Dollar index trading idea in this chart there are only two old trendlines on this chart one is rising resistance and one is old rising support trendline not changing for this publication, So let's start quickly about my trading idea as we can see after making double on this provided daily chart all the way it came down somewhere near from where price started trend reversal on daily time frame before reaching there price took support 102.626 levels which i marked on this chart as support turned resistance and you can clearly observe that it took almost one month time to break that resistance. So now from here if price will sustain above support turned trendline resistance we can see above marked resistance targets in coming session and one more target that it will reach to mentioned suppy area too friends. Breakout Retest- As i love to add this breakout retest too if price will bounce from there, Retest players also can wait for that entry too as everyone has his own trading style. Adding extension snapshot too for why it made a double top in a specific area at 0.786 This idea is meant for only educational purpose this not any kind of trading or investment advice. Best Regards- Amit Longby AMIT-RAJANUpdated 1919104
DXY Long IdeaTaken out a old ERL leaving a large bullish IRL. Expecting price on Friday to fill the bullish IRL and DOL is our ERL. Target: 106.018Longby RapidSand0
DXY surged higher following expectations of a Fed rate cutIn the short term, the currency pair is less attractive due to the strong appreciation of the USD after the market reduced expectations about the Fed cutting interest rates in policy meetings in June and July. Persistent high US inflation data, and better-than-expected employment, suggest the Fed may not choose to cut interest rates in the near term as this could cause inflation to heat up. Minutes from the March FOMC meeting, released on Wednesday, also showed that policymakers remained concerned about inflation. The DXY index, which represents the dollar's strength against six major currencies, set a new high in more than four months, nearing 105.30. Declining expectations for the Fed to cut interest rates at its June and July meetings have increased concerns about policy divergence between the Fedby TrategySherpaUpdated 5
DXYDollar index have start up trend and i expect continue this trend If this scenario is realized, i will expect gold start down trndShortby meetingtrade113
dxy stiil bulishdxy tend to remain bullish ,,as the movent was tripped by unemployment claims ... more momentum to go bull .. follow for more and boost , comment Longby Ak_capitalist3
My weekly view of DXYThis week I'm waiting to reach the weekly FVG and see if there will be a displacement, after the CPI news on Wednesday, that is, I'm looking at entries after the news. All analysis is based on ICT Concepts.Longby oliveiraictUpdated 3
📈 US Dollar Currency Index | A Bullish Wave?This chart is revealing something... There is a signal that is interesting to us, it came in 8-March. To us this is a clear reversal signal. This session/day ended as a Doji before reaching 0.618 Fib. retracement and now we see full green. After the initial bullish move, after the "reversal," we get a price peak. These moves tend to be corrected by 50-62%. When the reversal signal comes in right around this level —the Doji 8-March—, this can tell us that we have a higher low. What follows the initial move is a continuation, based on the higher low. The continuation indicates the DXY moving to hit a higher high relative to last month and this is a move that can last within two weeks to months, or maybe four months, to fully develop. It will be interesting to the see the effect on correlated markets and/or how other markets will behave while the US Dollar Currency Index goes on a strong bullish wave. Namaste.Longby AlanSantanaUpdated 7778
Levels discussed on Livestream 11th April 11th April DXY: Needs to stay above 105 support area, before testing higher to 105.58 NZDUSD: Sell 0.5980 SL 20 TP 40 AUDUSD: Sell 0.6545 SL 20 TP 60 USDJPY: Buy 153.35 SL 20 TP 45 (watchout for possible intervention) GBPUSD: Consolidate to break 1.25, Sell 1.2490 SL 20 TP 100 (Hesitation at 1.2450) Counter Trend Opportunity EURUSD: Rejection of 1.08, Sell 1.0790 SL 20 TP 60 USDCHF: Buy 0.9170 SL 20 TP 55 USDCAD: Sell 1.3665 SL 30 TP 50 Gold: Break down below 2325 to trade down to 2305by JinDao_Tai229
Dollar Index (DXY): Multiple Time Frame Analysis & Plan 💵 After a breakout of a key daily structure resistance yesterday, Dollar Index is consolidating within a horizontal range on an hourly time frame. For those, who are looking for an intraday signal to buy, a bullish violation of the resistance of the range - an hourly candle close above 105.32, will give a strong bullish confirmation. A bullish continuation will be expected at least to 105.6 level then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader114
DXY FORECASTDxy tends to makes its spiral above the depressing zone @105 ... haha sit tight fellaz and follow for more insights ,. Comment .. and boost idea Longby Ak_capitalist2
Anticipating DXY's Next Move: A Week Ahead AnalysisLast week, I was expecting DXY to tap into the buy-side liquidity, which it accomplished on Monday. Consequently, I mostly stayed on the sidelines as it met my target. Looking forward to the coming week, considering DXY has taken out its February high and is currently trading within the monthly BPR and fair value gap and at the OTE (Optimal Trade Entry) level, my anticipation aligns with the bearish seasonal for April. Given this, I foresee bearish price action in the upcoming week. Presently, on the weekly timeframe, DXY find itself trap in a PD arrays, necessitating further displacement for confirmation. Additionally, on the four-hour chart, the market maker sell model is poised to come into play. As we analyze the weekly candle, the open-high-low-close (OHLC) configuration suggests a bearish outlook for the week ahead. #dxy #forextrader #tradingcards #MarketOutlookShortby Crypto_Byte9Updated 1
DXY and BTC Upwards Today, Gold/Silver Red, Crude Oil Gusher!Daily Candles Dollar (DXY) makes a Lambo candle/ Cruide Oil holds its own at $86. Bitcion (BTC) keeps up after a morning drop, closing in the green. Gold and Silver take a slight hit. Crude Oil continues upwards off the top of existing channel. by cowboycraig0
dxy running flat for buy?Hi everyone! Im watching DXY ( Dollar Index ) as a running flat which is about to be completed and beacuse of that I will be watching for buy setups. I will not buy based on the analyisis and beacuse of that I will search for Lower Timeframe Confirmation before buying it. Good Luck ! Long01:35by kristijanslatinsekUpdated 4
Doesn't need to take lows to be a reversalPrice doesn't need to take a low to do a reversal. Right? As the back tests shows, no. Just a 4hr Rejection Block In a killzone On a Wednesday with lots of news. I dont trade the dollar but this was a perfect correlation with EU for a trade. (tagging that idea in this post)by OutlierTrading2
DXY update before PMI price is near the resistance 0f 104.750 >> 104.800 >> 105 now the question whether the price sweep or run through this liquidity ??? as price has made higher high and higher lows with recent bos we are looking to buy instead of going short during the impulsive momentum candle price has left behind some bullish fvg which are pending below at the level of 103.700 level before this we have higher low (this higher low could be the liquidity before 103,700 i dont see any major fvg or ob as of 4h time frame price currently going all time high which need to take a pullback to fuel the upside move again the candle formed since 27th march are mostly sideways following a trending which is another area of liquidity laying below it by Jimmy_RebelloUpdated 1
DXY - Ranges overview (update) We are currently holding on DXY and hinting at higher prices so let's see how we play from here. IF you use DXY in correlation with other assets do not force your will on the MARKET and wait for it to show you its hand. Overall plan remains the same until proven otherwise. 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.by Patrick27070
DOLLAR INDEX (DXY): Bullish Market & The Next Target 💵 As we discussed on a live stream, Dollar Index perfectly respected a demand zone based on a recently broken horizontal structure and a trend line. The price just set a new high, confirming the strength of the buyers. I believe that the next goal for the buyers will be 105.88 - the next historic structure. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader117
DXY potential upside movementThere is a chance that dxy might move higher after better than expected non farm payroll data which might lead to delay US interest rate cut. Good luck!Longby andrey_kurniawanUpdated 2