DXY - SHORTDXY - Short, if the market is correct to the downside it will push up and news might drop it back. its depends how the market corrects. both possibility in this read the market and trade accordingly . V.RaguShortby Ragunath-London2
DXY|LONGDXY long setup |WEEKLY ANALYSIS| The price in a bullish channel and we have h and sh pattern for break out the bearish trend line..Longby fx_maz112
DXY IndexPair : DXY Index Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure Demand Zone Fibonacci Level - 50.00% / 61.80% Bearish Channel in Long Time Frameby ForexDetective2
Dxy "Analyzing Recent Events and the U.S. Election's Impacts"In this analysis, we explore the recent performance of the U.S. Dollar Index (DXY) and its potential trajectory across various timeframes. Against the backdrop of recent market events, including the U.S. presidential election, we aim to uncover insights into potential trends and pivotal levels shaping the index's movement. Impact of Recent Events, Including the U.S. Election 🗳️ The outcome of the recent U.S. presidential election has had a notable impact on financial markets, particularly on the U.S. Dollar Index. The election results, along with broader geopolitical developments and economic indicators, have influenced market sentiment and expectations regarding future fiscal and monetary policies. Understanding the implications of these events is crucial in assessing the direction of the U.S. Dollar Index in the coming weeks and months. Impact of Last Week's NFP News 📊 Last week's Non-Farm Payrolls (NFP) report significantly influenced market dynamics, particularly impacting the U.S. Dollar Index. The report revealed robust job growth, surpassing market expectations. This fueled speculation about the Federal Reserve's monetary policy outlook, potentially leading to further tightening measures. Consequently, the dollar experienced heightened buying pressure, resulting in a breakout from its previous consolidation range. Weekly Timeframe Analysis 📈 On the weekly timeframe, following a pivotal test of the key support level at 104, a pin bar candle emerged, signaling the potential initiation of a fresh bullish trend. Daily Timeframe Analysis 📅 In the daily timeframe, following a 52-day consolidation, a strong candle with all the characteristics of a breakout (full body and no shadows) breached the trendline. Confirmation of the continuation of this move would occur if today's candle closes above 105.124. Considering the potential fakeout of the yellow trendline and the support near the key level of 104, there is a possibility of further continuation of this move towards 106.38. 4-Hour Timeframe Analysis ⏲️ The recent trend, catalyzed by last week's news, initiated a breakout on the 4-hour timeframe. With the Relative Strength Index (RSI) entering the overbought zone, the potential for continued upward momentum towards the 105.559 level is evident. However, a re-entry into the consolidation range with a strong candle may indicate a false breakout, potentially leading to a reversal towards the lower bounds. Main Support and Resistance Levels: Support: 104 📉 Resistance: 106.4 📈 Note: This analysis is for informational purposes only and should not be considered financial advice."Longby pouoyannn116
Levels discussed on Livestream 10th June10th June DXY: Consolidating at 105.30, could retrace slightly, looking for a continuation higher to 105.60 resistance NZDUSD: Test and reject 0.6140, Sell 0.6130 SL 20 TP 50 AUDUSD: Sell 0.6585 SL 20 TP 65 USDJPY: Complete retrace, Buy 156.75 SL 30 TP 65 GBPUSD: Sell 1.2745 SL 20 TP 60 EURUSD: Look for reaction at 1.0720 USDCHF: Buy 0.9030 SL 30 TP 70 USDCAD: Buy 1.3790 SL 20 TP 50 Gold: Needs to stay below 2315 for bearish downside continuation, strong support at 2280by JinDao_Tai227
DXY uptrend continuation DXY show a clear view of bullish move continuation for the month of June 2024 after NFP news release last week Friday. Traders, keep in mind to expect more bullish move for USD and take caution when trading against USD. I wish you all success ..Longby Olumine2
idea on a chartWe have a great trend that id forming lets wait and see where the chart takes us. Next week looks great for trades.by EZIO-FX1
US CPI and FOMC to boost the DXYThe DXY caught support off of the red support range on the 50% Fibo retracement level at 103.97. A stronger or in line with expectations US CPI this week coupled with the Fed maintaining the federal funds rate at 5.50% will allow the DXY to break above the 50-day MA rate of 105.09 and move higher towards the first resistance level of 105.96. Over the longer term a move towards 107.5 is still firmly on the cards. The Bank of Canada and the European Central Bank (ECB) were the first G7 central banks to diverge from the US Federal reserve after they both cut interest rates by 25 basis points this week. The decision from the ECB came as no surprise to the market off the back of what the ECB described as a logical step due to retreating inflation across the 20-nation euro zone. The dollar index remained relatively muted off the back of the decision however the dollar surged against the major currencies following the stronger than expected US non-farm payroll print of 272 thousand in May, up from 165 thousand in April. The Fed will deliver their interest rate decision this week and market consensus is for the Fed to keep rates unchanged at 5.50%. The divergence between the Fed and the other major central banks is dollar positive and it further illustrates that the US economy is able to stomach the high interest rate environment while the other majoring economies have started to buckle. The Fed’s rate decision and FOMC statement will thus take center stage this week but the latest US CPI figures for the month of May will also be released along with the US 10-year and 30-year bond auctions. Longby Goose961
US CPI and FOMC to boost the DXYThe DXY caught support off of the red support range on the 50% Fibo retracement level at 103.97. A stronger or in line with expectations US CPI this week coupled with the Fed maintaining the federal funds rate at 5.50% will allow the DXY to break above the 50-day MA rate of 105.09 and move higher towards the first resistance level of 105.96. Over the longer term a move towards 107.5 is still firmly on the cards. The Bank of Canada and the European Central Bank (ECB) were the first G7 central banks to diverge from the US Federal reserve after they both cut interest rates by 25 basis points this week. The decision from the ECB came as no surprise to the market off the back of what the ECB described as a logical step due to retreating inflation across the 20-nation euro zone. The dollar index remained relatively muted off the back of the decision however the dollar surged against the major currencies following the stronger than expected US non-farm payroll print of 272 thousand in May, up from 165 thousand in April. The Fed will deliver their interest rate decision this week and market consensus is for the Fed to keep rates unchanged at 5.50%. The divergence between the Fed and the other major central banks is dollar positive and it further illustrates that the US economy is able to stomach the high interest rate environment while the other majoring economies have started to buckle. The Fed’s rate decision and FOMC statement will thus take center stage this week but the latest US CPI figures for the month of May will also be released along with the US 10-year and 30-year bond auctions. Longby Goose962
DXY Weekly analysisThis is the Expected move on DXY this week I'm expecting it to fall on our FVG or -OBShortby GoldenB551
DXY Will Go Up From Support! Buy! Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.346. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.651 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 116
DXY NEXT UPDATE AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.Longby AronnoFx5
DXY short sell ideaAfter wave count 1 2 3 4 5 and wave a b c abc don't change character at the structure then wave 1 2 3 4 5 again -- with fibo extension on wave 5 and short sell idea proper risk management Shortby ForexPrime4472
DXY Hello traders, I would like to share my opinion on DXY (the U.S. Dollar Index) across multiple timeframes. Upon analyzing the chart, it appears that the price is currently in a breaking zone, and the candle formation suggests a potential move through this zone driven by buy stop orders. However, it's important to note that if the price closes below the 105.5 zone on a higher timeframe, it would invalidate this analysis. To gain more confidence in this analysis, it's recommended to closely monitor the price action, consider other technical indicators, and keep an eye on any relevant news events that could affect the U.S. Dollar Index. Please keep in mind that trading involves risks, and it's essential to conduct thorough research, implement effective risk management strategies, and make informed decisions based on your own financial situation and risk tolerance. If you have any further questions or require clarification, feel free to ask.Longby somayehbasiri1
DXY moved into a narrow range but looks bullish**Monthly Chart** DXY has been moving into a long-term range between 107 and 100 levels (round numbers) from January 2023. Last month candles closed lower after creating manipulation candles on monthly. This month's candle (currently active) tested the low of the previous two months and pushed higher with the NFP announcement last Friday. This moved DXY back into a narrow range. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** Last week the DXY closed higher after testing the daily swing low and liquidity pool around 104 level. It closed as a weekly bullish key reversal (low test) candle pattern which indicates a move of the price will be bullish for next week. The next target will be around 106, followed by 107.34 levels. **Daily Chart** You can see the impact of NFP and Employment Change that created a massive bullish candle on Friday after testing the Imbalance price action (IPA) for the entire week near the previous daily low and liquidity pool. This candle is a new IPA that will need to be tested for liquidity again this week. I will be looking for a retracement towards at least 50% of this candle which will provide a second confirmation that the move for DXY will be bullish for the upcoming weeks. This is another indication to look for selling opportunities for other currencies against the USD. Such as EURUSD, AUDUSD, and GBPUSD to go short for this week.Longby PropSignalsUpdated 2
It set for bullish move but Fridays lows looks for stops huntI am bullish on the Dollar, watching out for a false break of Friday's high, with potential short to the Friday lows. But it's a counter-trend. I will be more interested in the longs below especially if we drop below Friday's lows. 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 ⚔ Follow me for daily updates. by Dave-FX-Hunter0
Near Term short-Long term longThe TVC:DXY targeting 93400 but near term set-back is expected 9300.by SimplyFxChartsUpdated 0
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
DXY shorterm longDXY is currently looking shorterm bullish, which is in favour with our GOLD correlation. Going into next week.. I want to see the doollar retrace and then buy Longby BM_ForexTrader0
Long Expecting strong dollar as its price managed to reject and hold above Ema 200by bensiyabulela123Updated 111
Update Dxy ideaTVC:DXY I have changed my idea.Here is the updated one.DXY TRY TO REACH RANGE HIGH.Longby H-A_TUpdated 0
DXY (LONG) - 5wave bullish move -We on final wave of bullish run. all dollar pairs are bullish dollarLongby MR_US30_ZAR0
DXY H4 - Long SignalDXY H4 Support price of 105.100 held nicely. We seemed to bounce as we look to continue the bullish trend up towards that next target price of 106.500. Certainly possible, even maybe today if we gear up for more dollar bulls moving into the US session. We need to first sustain this break above the previous high, we have drawn the resistance (black line) marking previous H4 resistance. Possible retest (could offer entries for ***USD or USD*** pairs if they align).Longby Trade_Simple_FX0