DXYAs seen on the 4hr chart dxy is heavily bearish guided by that trend line I can see a possible H&S price pattern forming @ 104.400 psychological level i can therefore anticipate a further drop in DXY prices Shortby BillionaireBankz2
DXY - Weakness ahead of the DollarAccording to my EW count, more weakness could be on the horizon for the U.S Dollar. Indeed, the daily count suggests that waves 1 and 2 of the higher degree third wave have finished and we are in the beginning of a large third wave decline that would take the index below 100.00. A break above 107.34 would negate this view, so selling here with a stop above this resistance would give us a good risk-reward trade.Shortby tchamoun1
Dollar Index EoM Review104.487 weekly orderblock is under attack! Will respect be given? Buystops in question: 105.742 Sellstops in question: 104.08014:28by LegendSinceUpdated 0
DXYThis index may go up, the arguments are here: Advantages Uptrend channel Wave 2 (ABC) completed, maybe the market will start a wave 3 of 5 if my count is correct The price exceeds 0.38 fibo since September 2023 and this year Price makes higher highs and lower highs The RSI and Stoch show me oversold on a daily and weekly time frame. If the ECB lowers interest rates tomorrow and the FED does not make changes to its policy, I can speculate on this Cons The COT does not show me a convergence between Hedge Funds and Institutional Funds, I need confirmation for this data. For an invalidation price, if the price closes below 104 I think the dollar should go down against all currencies. NOT A FINANCIAL ADVICE Longby Manzanex0
DXY Dollar Index Potential ShortHi Traders. 1.Bearish Impulse 2.HnS Pattern 3.LTF Bearish Impulse 4.Ascending Channel 5.Break Out from Ascending channel and STF Bearish correction We see a clear break out from the ascending channel following with a STF Bearish Flag. Today is the ECB interest rate Decision. The EUR/USD Pair is weighted with 60% in the dollar Index. That decision can give the impulse out of the Bearish flag. When we see a breakout from the STF bearish flag we can expect more Dollar weakness. Shortby ltdcrack880
DXY - update 5/6/2024Getting weaker and weaker. First wave down (left chart) was in three waves, therefore I assume a leading diagonal. Lower time frame - a nice flag confirming the downsideShortby Alpha_Mind0
DXY Daily Bullish IdeaMy view on the daily time frame for DXY - overall bullish to go with the weekly analysis. We've had 4 BOS to the upside on the substructure and currently in the pullback phase and has reacted to the extreme of the demand zone on daily time frame, so we could potentially see the shift into bullishness on the LTFLongby hoiyanxo0
my taught, my tradeso been looking at DXY form a very good support to demand for supply .Longby sompa0
Dollar Index: Sell-On-Rally Scenario?According to the US Dollar Index, the US dollar recently elbowed south of its 200-day simple moving average (SMA) at 104.43. This follows a rejection of resistance from 105.04 on the daily chart, which, as you can see, shares chart space with the 50-day SMA at 105.08. Early Downtrend Regarding trend studies, an early sign of a downtrend is seen through the handful of lower lows and lower highs formed after reaching a high of 106.52. Further supporting the downside bias is the Relative Strength Index (RSI) holding south of the 50.00 centreline (indicating average losses exceed average gains). Chart pattern enthusiasts may have also recognised the recently completed bearish pennant pattern, drawn from between 104.08 and 105.11. Price Closing in on Retesting the Lower Side of Resistance Although price action printed a moderate recovery yesterday, today’s movement shows price attempting to extend recovery gains. This could be sufficient to draw the Index back to the underside of the 200-day SMA and the lower boundary of the breached bearish pennant pattern’s structure, which may offer sellers enough resistance to fade. So, with everything on show, bears still appear to be in the driving seat ahead of today’s US ADP non-farm employment change report and the US ISM services data. Shortby FPMarkets0
DXY TRI MONTHLY CHART -- A LONG JOURNEY OF WEAKNESS.The chart should speak for itself. DXY long term view (tri-monthly data) is conveying shifting trend on the dollar index -- to the downside. Expect more long term correction, as this time frame don't change mind too often. Spotted at 102.25 TAYOR. safeguard capital always. Shortby JSALUpdated 1
DXY LongNot greatly motivated to give an explanation, due diligence when making a trade, not financial advice. I don't trade DXY, it's correlation purposes to EU I do trade, as always, Not financial advice. Use my analysis to make a personal bias to the market.Longby PepeJTheTrader0
USD DXY Index versus Gold Bull MarketThe USD DXY peaked in Sept 2022, the Gold low was $1643 that year. If Gold goes higher for the remainder of this decade, how low will the USD DXY Go? What will the multiple Gold get from $1643 for this Gold Bull Market if it continues? 5X, 10x or more? Will this be Wave 5 of Elliot Wave Theory?by FinancialLiberties0
DXY - Scenario 2DXY - Scenario 2 if the market gives us small correction to upside one more fall will come. V.RaguShortby Ragunath-London2
DXY - Scenario 1DXY - Scenario 1 I'm expecting one more fall and push-up. too volatility week this week be careful and trade with care. V.RaguLongby Ragunath-London1
Cycle and Sine - DXY, US10Y, and the S&PIf this cycle has had strong consistency in with the peaks and troughs in the US dollar index DXY, US treasury rate and price, and the S&P. The cycle uses the 2020 lows for DXY and a sine wave drawn between the August 2021 high for US10Y rates and the May 2022 low for US10Y rates. A Fib time zone is also drawn between the 2020 lows for DXY and zones 8 and 13 aligned with pivots in the S&P. The next cycle low is the 3rd week of June and we can see DXY and US10Y rates trending lower into that timeframe, while US10Y bond prices are starting to fall. This is typically bullish for equities. The next Fib zone is August 2025. TVC:DXY TVC:US10 TVC:US10Y SP:SPX Longby Ben_1148x20
Gold to the moon? Maybe not yet...My bias is honestly, Gold to the moon...always.. :) At the present moment though I feel as If my technicals tell me the ONLY entry I should be looking for is a Sell..... I dont bracket my trades so heres the entry... Should price action change before 11 am Ill make adjustmentsShortby ghostofwallst_Updated 1
#DXY #USD #Dollar The DXY index is currently supported in the range of 104, which aligns with smart money strategies. The support at 104 is considered a fake support, while the main support and primary buying range for smart money are in the range of 103.500. This range represents the main order block for the beginning of an upward wave. Based on this analysis, we expect the price to reach this key support zone on Tuesday and Wednesday, after which we anticipate a growth phase to begin.by saminsalehi851
dollar Index to fall towards 101, 100Dollar index has been weak on recent weeks and this move is likely to continue. I expect XETR:DAX to continue falling towards it's previous support and resistance levels at around 102, 101 then 100 If this move happens then it is good news for pairs like FX:EURUSD and FX:GBPUSD as they are all set to drift north. Fundamentally news have been against the dollar recently. On monday 3rd we had US ISM Manufacturing figures which came lower than expected. Today 4thmay24 their is JOLTS Job opening report which is also expected to be lower and this will be a negative driver for $dax. Always do your own research before pulling and shots . Use a hard stop loss and good luck. Check my socials and follow for updates Shortby alonso7800
Chart Idea - DXYDXY weekly chart looks too bullish which is very bad to the markets. Looking for short swing positions on QQQ and ES. DXY probably looking to hit 107+ range before retracing it back in next few weeks.Longby smwajeehUpdated 0
Bullish DXYMonthly: 1. Direction: Bullish 2. Reasons: 1. Price is coming to discount. 2. A good Displacement Weekly: 1. Direction: Bullish 2. Reasons: 1. Price is reaching towards weekly FVG 2. No FVG formed in bearish move 3. Price is moving from ERL to IRL Daily: 1. Direction: Bullish 2. Reasons: 1. Price is going for weekly FVG 2. Price is coming in discount area 4H: 1. Direction: Bearish 2. Reasons: 1. FVG 2. BOS with displacement Longby tradermebiali3
Dollar LongI expect dollar strength coming in the the area highlighted but if we see further dollar weakness I prefer nzdusd longs. We need a risk event catalyst to take this trade to the long side. If we see unemployment rising then that could be a green light for dollar strength. Until AUDJPY, NZDUSD, GBPJPY, Nasdaq 100, and Silver is on my watch list. Have a great week! :)Longby Vitezabraham2