for dollar index*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Longby iminigham11Updated 1
DXYdollar prices playing out at anticipated , price is currently hold 38% fib level as support fib drawn on the D1 chart from swing low to swing high Longby BillionaireBankz0
DXY (dollar index)The dollar index creates a bearish flag after the breakout of the 105.00 level. The market is ready to break the bearish flag because tomorrow is the federal interest rate and Powell's speech a big day. There is also a resistance level at 107.00. If the bearish flag breaks then the market moves toward resistance level.Longby Dhareja3
Pre-Labour Day Analysis30th April DXY: Further upside to 106 area, needs to break 106.10 to climb to 106.40 NZDUSD: Sell 0.5925 SL 20 TP 60 (Hesitation at 0.59) AUDUSD: Buy 0.6550 SL 20 TP 65 USDJPY: Chill for now, Sell 154.80 SL 30 TP 110 GBPUSD: Buy 1.2575 SL 20 TP 70 EURUSD: Sell 1.0710 SL 20 TP 45 USDCHF: Climb to 0.9150 and possibly consolidate USDCAD: Buy 1.3720 SL 20 TP 55 Gold: Needs to break 2300 to trade down to 2266by JinDao_Tai14
Dollar at consolidationDollar consolidating between 105.500 to 106.500 Dollar still on buy side un till it break 103.800 So Dollar pairs on sell side.Longby Sha_The_Icon1
✅DXY WILL KEEP GROWING|LONG🚀 ✅DXY has formed a Bullish flag pattern While trading in an uptrend So IF we see a bullish Breakout then we will Be expecting a Strong bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx114
DXY breaks above, retests and confirms move higher In support of Camel Finances Milk shake theory on USD. That in a basket of inflating currencies it is the USD that others flee too. The chart shows break out, retest and continuation.Longby AndrewCoatesInvestments2
Why has the US dollar sunk in the lead up to the FOMC decision? Why has the US dollar sunk in the lead up to the FOMC decision? Bloomberg Economics says “We expect Powell to make a hawkish pivot” regarding the FOMC’s decision this Wednesday. Expectations for rate reductions have been pushed further into 2024. So, why is the US dollar underperforming to start this week? And does this open up an even more attractive entry point to a long dollar position? One reason dragging the USD down could be the possible Japanese government intervention as Japanese banks have been reportedly dumping US dollars. The Japanese yen rebounded about 1.4% to 156.000 per greenback after weakening to as low as 160.000 earlier in the session Another reason could be the prevailing optimism surrounding peace negotiations between Israel and Hamas in Cairo, which has invigorated appetite for riskier assets, like the NZD/USD which is up 0.70% as of writing. In Australia, robust inflation figures have surpassed expectations, fueling speculation that the Reserve Bank of Australia may defer any interest rate cuts in the near term. The AUD/USD is up 0.55% as of writing. Across the Atlantic, the United Kingdom's Chief Economist Huw Pill has pointed to recent economic data that might bring the prospect of a rate cut closer, although he remains guarded in his assessment, suggesting that such a move may still be some distance away. by BlackBull_Markets3
US Dollar Index: DXY Bull Flag Takes ShapeThe US Dollar Index struggles to retain the rebound from last week’s low (105.41), but DXY may attempt to further retrace the decline from the November high (107.11) as a bull-flag formation takes shape. DXY Outlook DXY appears to be stuck in a narrow range after pushing the Relative Strength Index (RSI) into overbought territory for the first time in 2024, and lack of momentum to hold above 105.80 (61.8% Fibonacci extension) may push the US Dollar index back towards 105.00 (23.6% Fibonacci extension). Next area of interest comes in around the monthly low (103.88), but a bull-flag formation may unfold if DXY pushes above last week’s high (106.40). In turn, DXY may track the positive slope in the 50-Day SMA (104.42), with a breach above 107.20 (38.2% Fibonacci extension) bringing the 2023 high (107.35) on the radar. --- Written by David Song, Strategist at FOREX.com by FOREXcom7
Dxy4.29.24 The dxy is easy to chart. it shows you fairly easily where the reversal areas are in the past. so I decided to clean up the chart while I was doing the video. I wanted to show you how I keep the charts clean and without clutter always trying to use the tools that will help me make trading decisions in real time...... and strategically picking entry points that have a high probability trading in the direction that I am planning for with a very small stop. it only takes a minute to look at a market to decide if you want to take the trade.... but it takes a lot of time to describe it and talk about the subtleties. I would like to get to the point where I can just do quick discussions about trades that will be your responsibility if you trade.... and some of those trades will be losing to trades... but we can do the post trade analysis and then move on to another market..... and hopefully I can have one or two markets that I'm looking at that I'm willing to post on..... with relatively short videos. I can tell you for a fact because of the way the market's moving and my trigger word is' contracted'....They're going to be some tough trade decisions..... but tough trades are worth looking at because you can still articulate what you think is going on whether you take a trade or not... and decide if your analysis made any sense after the fact.... and if there are things that were said that are way off base now that you are in the post trade time.... if you look at it you can learn something from it... or you can look at clues that you didn't recognize now that the markets moved on. It's much better to trade less than it is to trade more until you can do the type of analysis that you think will work for you.29:17by ScottBogatin6
DXY : Why does a stronger USD pose many risks?As US growth remains strong and expectations of the Fed cutting interest rates gradually decrease, capital has poured into this country's market and the USD has increased, specifically 4% this year and shows no signs of stopping. . This situation is made even more difficult by the influence of other countries. By the end of 2023, the US economy had grown by more than 8% compared to the end of 2019. Meanwhile, the UK, France, Germany and Japan had grown by less than 2%. USDJPY record high. EURUSD dropped to 1.07 from 1.10 USD at the beginning of the year. The market even predicts that the pair will reach parity early next year. If Donald Trump wins in November, there will be many problems. A strong dollar tends to increase the price of US exports and lower the price of imports, increasing the persistent US trade deficit, which has been a nagging problem for Mr Trump for decades. Robert Lighthizer, who designed the tariffs against China while Mr. Trump was in the White House, wants to weaken the USD. President Joe Biden has not made any statements about currency, but the strong USD also makes it difficult for his plans. However, a strong USD will benefit exporters whose costs are denominated in other currencies. But high US interest rates and a strong USD have also created imported inflation, which has been exacerbated by rising oil prices. Additionally, companies that have borrowed in USD face tougher repayments. On April 18, Kristalina Georgieva, head of the IMF, warned about the impact of these developments on global financial stability.by SantaTradeGold1
DXY LongAfter Asian accumilation and london open manupilation im expecting a distribution at NY open to retest the daily startLongby BDSBank0
DXY pre-FOMC statement and NFP'sThe DXY is pulling back ahead of the FOMC statement and the US non-farm payrolls. The key support levels to watch are at 105.11 and 104.77. A failed break below this support range will allow the DXY to climb back to the 2023 high of 107.35. The main drivers behind the DXY pullback are the drop in US 10year yields and the appreciation of the battered Yen.Longby Goose961
Levels discussed on 29th April 29th April DXY: Break below 105.50 could trade down to 105.30 level NZDUSD: Buy 0.5960 SL 20 TP 45 AUDUSD: Buy 0.6560 SL 20 TP 60 USDJPY: Sell 154.75 SL 30 TP 105 GBPUSD: Buy 1.2560 SL 40 TP 85 EURUSD: Sell 1.07 SL 30 TP 90 (could consolidated along resistance level for now) USDCHF: Sell 0.9090 SL 15 TP 35 USDCAD: Look for reaction at 1.3610 Gold: Currently at 2335, could continue trading higher to 2360 (61.8%)by JinDao_Tai5
ICT Concepts - DXY bullishnessTest and respect H4 FVG CE. Expect displacement above the short term high then target premium PDAs which are high and also NWOG (New Week Opening Gap) Longby MrTuanDoan1
DXY Will Go Higher From Support! Long! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 105.841. The above observations make me that the market will inevitably achieve 107.241 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!Longby SignalProviderUpdated 116
possibility of correction It is expected that the corrective trend will be formed in the support range, and after the completion of the corrective pattern, the continuation of the upward trend is likely. As long as the price is above the red support zone, the continuation of the upward trend is likelyShortby STPFOREX0
DXY & SMC Analysis For 4/28/2024 Project SMCForecasting The Forex Market Using Fundamental & Technical Analysis to spot Opportunities. Note: This is not financial advice just for Educational Purpose Only.Long02:34by Project_SMC0
Current weekly outlook for the DXY using SMC Concepts !!looking for bullish DXY moving from IRL to ERL this week will be full of fakes and bad price action. look for the range to be set this week !! good luck !!Longby Project_SMC0
Dollar INDEX more buy Regarding the forecasts for the Dollar Index The dollar is moving in an ascending price channel. We expect further rise towards imbalnceLongby CrowtR1
DXY Minute: Short-Term updateIf you read the original T.V. Minute, "Mid-Term outlook," referenced below, you know we have stuck to the path, UNTIL recently, where we seem to be caught in a correction that just will not end. I am counting this correction as the Minute ((ii)), and you can see the count highlighted in the chart. My thought is that we have simply not had a single clear 5-wave move down to complete the correction or even any subdivision of the correction. I have been watching closely for 10 days, and cannot find it...price adds weight to observation, having weakened, throughout without taking out the highs. I had called for a second move into the upper 105s, which we got, but not in a 5 wave move, and price weakened further. Today, we had a fast runnup that put the whole market on its toes, and in private chat I commented that it was futile and would not take us up. Within 2 hours, price had impulsively retraced nearly the entire runnup. I mention the impulsivity, and its location is noted in the chart, because it gives me hope that we are almost ready to complete Minute ((ii)). We had nicely impulsive structure AND reached proper wave-5 fib extensions with a retest that held those extensions. If we can avoid new interim highs, and complete 2 more motivated 5 wave moves to the downside, I will be ready to say, TO THE MOON, but not until that occurs. I was swayed by price, earlier this week, and claimed we were ready to launch, and I apologize. I have dug into MACD and identified a clear (a) wave location that lines up structurally, and that is also noted in the chart. My expectation is that over the next 1-2 sessions we will get the 5 wave move needed to complete Minute ((ii)) and move on. After that...bat out of hell...to the moon...but really, we will continue this process with a Minuette (i)-(ii), and who knows if it will be swift, or complex? Best, Cuzby CuzDeluxUpdated 2