DXY 10/6/24 Will DXY going to uptrend ? BOOMDXY 10/6/24 Will DXY going to uptrend ? BOOM 106.6 is a critial point for gold to decide the direction. Longby GoldInsightsHub0
DXY Trading Journal Analysis DXY Trading Journal Analysis Great delivery last week. I suspect that Price will seek the noted buys stops and the 4 IFVG rally to rebalance at range 105.458. I anticipate for Price to seek lower prices by rebalancing the daily BISI for the low of the week at 104.946. There is a gap on lower TF that Price will seek to come back to at range 105.036 to 104.935. Read tape to what she gives me. by LParnell0
DXY Trading Journal Analysis DXY Trading Journal Analysis Very pleased that I anticipated for Price to gravitated to the 50% on the weekly and wicked bounced off to seek the lower PD Ray liquidity. Monday Price did seek to rebalance the 4 IFVG and wicked through it. Tuesday Price took Equal lows at just below my noted 104.080 number. to 103.993. So happy. Thursday Price did rebalance the lower noted 4IFVG and hesitated to rally above the higher noted 4 IFVG, and yet took my buy stops target. Friday Price rallied higher stopping short of the higher buys stop target. Nice delivery to end the week. So pleased. by LParnell0
6/9 | $DXYTaking a look at the Daily chart, we have broken out of the bull flag pattern to the upside today. I would like to see continuation into Monday's trading session for this to be a true breakout. Noticing the upside risk, this will translate to me being cautious where indices ( NYSE:ES , SEED_ALEXDRAYM_SHORTINTEREST2:NQ ) could move lower. Important to note that this is not guaranteed, but just a caution.by StonksSociety0
Market Forecasting for the Dollar IndexThis is not a financial advice nor a trade advice. Rather , it is personnal opinion about the US Dollar Index. We expect bullish price action for the upcoming week on the dollar index.by yvanolinga0
Narrative Analysis and Market Insights | EU & EJ - 09 June, 2024Join me as I dive into my daily analysis routine, conducted every evening before the market opens. I'll show you how I decide whether to trade or stay out of the market the following day. My strategy revolves around trading just two currency pairs, and I'm excited to share my insights with you. Stay tuned for regular updates and trading tips.06:00by superlegit0
DXY 1hr chart analysis for upcoming days There are lots of big movement which is happening in dxy in last 2 , 3 days so no dxy is taking a some kind of retracement . So wait for that and after that from Marking level ( Strong support level ) we will see to buy . So take a time for some corrections without any corrections please do not trade 🙏by optionexpertofficial0
DXY STRUCTURE Hello, guys, it's Dr. Trade again your best market structure analyst, here is the structure we will be following for DXY as we wait for the market to open, we will have to sit on our hands and wait for either price to break upwards so we can look for a buy and if it does not we wait for what the market will show us. do well to like share and follow.by Dr_Trade10
DXY STRUCTURE Hello, guys, it's Dr. Trade again your best market structure analyst, here is the structure we will be following for DXY as we wait for the market to open, we will have to sit on our hands and wait for either price to break upwards so we can look for a buy and if it does not we wait for what the market will show us. do well to like share and follow.by Dr_Trade10
USD might head higher ...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. After a strong NFP data, the usd rallied quite a bit...if monday is to close bullish and above my indicator, likely indication of more upside.And if Next week's rate speech drop further hint to not taper as soon as foresee...then usd likely gonna be bullish . 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"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* Longby Shadowing_The_Big_Boys0
Dollar analysis and movementI gave my last analysis on Gold which explains the fundamentals and technicals of where I expect to buy gold in other terms when do I expect gold to drop and pick back up. This dollar chart is completely aligned with that idea as well. To quickly summarize my view on Dollar though, I expect DXY to move higher as I believe we're not getting any cuts this year at least not until 2025 and I also believe other central banks such as the BOE and ECB will start cutting before the FED meaning in this high inflation environment in the USA, the dollar will maintain its strength as investors will continue to move tho that currency. Many other factors are taken into account here such as political and geopolitics but this is the main impact I wish to concentrate on. Something very important to mention as well is the amount of money that was injected in the US economy, it is a never seen before situation that is being manifested in this sticky inflation we've been seing for the last several months. Anywho, those are my thoughts mixed with the technicals above, Let me know what you think. Longby JayeUpdated 0
BULLISH MOVEMENT!!DXY ended the week with a bullish engulfing candle, respecting the support level around 104.000. Predicting price will retest this level before continuing higher. Longby KJfx920
$DXY breakout?#dollar index, #dxy broke out the falling channel with yesterday's dump on assets like #gold #silver #btc thus, money has flown into #usd .DXY did 2 fake outs in a month. If this is a real breakout, all markets, #currencies #altcoins #metals #commodities #crypto etc. may taste a blood bath period. Not financial advice.Longby naphyse0
Are we ready to move up, again?What a complicated correction have we seen in DXY, with the multi-top between Futures and Spot, and the hard to chart patterns that have kept us guessing, finally, we have a complete, seemingly clear pattern that hits acceptable fib targets and with MACD giving reversal readings. Will this Ending Diagonal play out, IDK, but initial structure says it is the most likely common pattern for our current preposition.Longby CuzDelux1
Dollar milkshake theoryThe US dollar will maintain the lowest delta between interest rates and inflation out of all the fiats, and therefore fiat will tend to flow to the USD.Longby Shammus010
A Boost Ahead For US Index?Dear Traders, PEPPERSTONE:USDX Here is my technical analysis view for USD INDEX. The USD might rose up to 107.500 level in upcoming weeks after touching the 4th Support point in Ascending Channel. This is also was supported by SMA 200 crossing the yesterday Hammer Candlestick. If the today session successfully closed up, we can expect the dollar is in bull run. Longby ERUDITE_88Updated 1
DXY continuously LongI'm no market maker, Resistance trendline broken, and weakened in the RSI, increasing PROBABILITY, quote, PROBABILITY, to go higher, which will lead a market sell off across assets, in the 4 hours, divergence found in DXY, so hold on to your butts.Longby PepeJTheTraderUpdated 0
DXYKey Observations: 1. Moving Averages (200 MA and 50 MA): • 200 MA (Blue Line): The price is currently below the 200 MA, indicating a bearish long-term trend. • 50 MA (Yellow Line): The price is also below the 50 MA, reinforcing the short-term bearish sentiment. 2. Relative Strength Index (RSI): • The RSI is around 40, indicating weak bullish momentum and that the market is not yet oversold. This suggests potential for further downward movement. 3. MACD (Moving Average Convergence Divergence): • The MACD line is below the signal line, indicating bearish momentum. The histogram supports this with negative values. 4. Bollinger Bands: • The price is near the lower Bollinger Band, indicating it might be oversold in the short term. This often suggests a potential pullback to the middle band (20 MA) or higher. 5. Fibonacci Retracement Levels: • 0.236 (104.284), 0.382 (104.353), 0.5 (104.412), 0.618 (104.471) • The price is near the 0.236 Fibonacci level (104.284), which could act as minor resistance. The other levels serve as potential resistance if the price retraces. 6. ATR (Average True Range): • The ATR indicates moderate volatility. This suggests that while there might be significant price movements, they are not extreme. Comprehensive Technical Analysis: 1. Current Trend: • The short-term trend is bearish as indicated by the price being below both the 50 MA and 200 MA. 2. Weak Bullish Momentum: • The RSI around 40 and the MACD indicate bearish momentum, but the proximity to the lower Bollinger Band suggests a potential for a short-term rebound. 3. Key Support and Resistance Levels: • Resistance: 0.236 Fibonacci level (104.284), 0.382 Fibonacci level (104.353), and 50 MA. • Support: Recent lows around 104.00 and potentially lower if the price breaks this level. 4. Momentum Analysis: • The MACD indicates bearish momentum, but the position near the lower Bollinger Band suggests monitoring for potential short-term bullish reversals. Potential Buy and Sell Levels: Buy Levels: 1. Support at Recent Lows (104.00): • If the price finds support around this level and shows bullish reversal signals, consider entering a buy position. • Buy Level: 104.00 • Stop Loss: Below 103.80 (just below the support level to avoid false breaks) • Take Profit: First target at 104.284 (0.236 Fibonacci level) and second target at 104.353 (0.382 Fibonacci level) 2. Lower Bollinger Band Area: • Consider buying near the lower Bollinger Band for a short-term rebound. • Buy Level: Around 104.10 (if the lower Bollinger Band is around this level) • Stop Loss: Below 104.00 (to account for potential volatility) • Take Profit: Middle Bollinger Band (approximately 104.40) Sell Levels: 1. Resistance at 0.382 Fibonacci Level (104.353): • If the price rebounds to this level and faces resistance, consider entering a sell position. • Sell Level: 104.353 • Stop Loss: Above 104.50 (just above the resistance level) • Take Profit: First target at 104.10 (lower Bollinger Band) and second target at 104.00 (recent lows) 2. Middle Bollinger Band Area: • If the price fails to sustain above the middle Bollinger Band, consider entering a sell position. • Sell Level: Around 104.30 (if the middle Bollinger Band is around this level) • Stop Loss: Above 104.40 (just above the middle Bollinger Band) • Take Profit: First target at 104.00 (recent lows) and second target at 103.80 Summary: • Buy Levels: • 104.00 (with stop loss below 103.80 and take profit at 104.284 and 104.353) • Around 104.10 (with stop loss below 104.00 and take profit at 104.40) • Sell Levels: • 104.353 (with stop loss above 104.50 and take profit at 104.10 and 104.00) • Around 104.30 (with stop loss above 104.40 and take profit at 104.00 and 103.80) by KironKavanagh0
DXY NFP AnalysisDXY likely going down towards old weekly IFVG, but expected to move up to 104.177 - 104.181 during begginning of NY session . The move down could happen after NFP towards 103.6Shortby MGXTRADE0
Short DXYWith the payrolls data in the US calendar, I forecast a softer figure to be printed, which will further weaken USD. The labor market numbers from the last few days confirm that we are on a trajectory of easing. Shortby kudobear0
Three methods falling! 4hr anyway… Three falling methods spotted on the dollar… this is a continuation pattern (downside in this case). Notice the three candles green completely encapsulated bu the two red candles equal to height of the three green? BooyahShortby Elefant-Schnitzel0
US Dollar Index ShortHi..this is a smaller time frame picture for my Idea. What dou you think?Shortby ltdcrack88Updated 0
DXY showing negative divergenceThe DXY is shoing a negative divergence here. Will it crack? by GreenBkkUpdated 1