dxy is getting beairsh again 💀 boost and follow for more❤️🔥 a recent fake out breakout past resistance zone, now sitting at a trend support.. I wont be surprised to see it slice through trend support and head down to 97-100 targets in the next few weeks or so 🎯Shortby Vibranium_CapitalUpdated 2219
DXY Flagging Down 103 Soon?!Here I have DXY on the 4Hr Chart! Price has been in quite a Downtrend since the High @ 106.517 and now with the appearance of what seems to be a BEARISH BREAK of an ASCENDING CHANNEL which if we get a VALID BREAK and CLOSE out of this Channel .. This is signs of a Strong Continuation pattern, the BEAR FLAG! The Big Push behind this weakness comes in with the disappointing ISM Manufacturing PMI's showing quite a bit of Contraction! Final ISM Manufacturing PMI - 51.3 Actual v 50.9 Forecast ISM Manufacturing PMI - 48.7 Actual v 49.8 Forecast ISM Manufacturing Prices - 57 Actual v 60 Forecast *To Validate this Pattern, we need to see a STRONG CLOSE outside with a SOFT RETEST of the Break!Shortby Novi_FibonacciUpdated 228
Dollar Index (DXY): Time For Pullback?! Dollar Index looks quite oversold after a yesterday's bearish movement. The price reached a key horizontal support and formed a double bottom pattern on that. I think that we may see a pullback today at least to 103.9 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader3310
DXY preparing gor bullish move for the month of juneThe USD is retracing to the trend line and then go bullish I'm strong move, wait for it at 103.141Longby Olumine6
DXY, D1Dxy, price didn't break the price above while is going down and break the green line. Looking for a drop in this week.Shortby chinghola1
The Dollar Remains On TrackThe dollar is right on its projected path as expected. Inflation has prevented the Fed from lowering rates at least once. Can we expect a rate drop before the end of the year? My guess is that even with a bit of inflation showing the Fed will drop rates at least once. There are several reasons for my conclusion here not least of which are weakening economic indications which are too numerous to list for the purposes of this post but some of which are the collapsing car market, cc default rates exploding, commercial real estate vacancies still increasing, and many other factors and lead indicators. There is also the fact that the Fed was initially expected to drop rates 3 times in 2024. Failing to drop at least once before the end of the year would have psychological ramifications on the market that potentially could be disastrous. And finally, there is the fun fact that historically the Fed has always adjusted rates in an election year. There is only one exception to this rule …2012. Based upon this statistic alone we can see that the probability of a rate adjustment this year is high. And we know that if there is an adjustment, it will almost certainly be to the downside as that is what has been expected all along. Any anomaly to expectations would cause chaos and catastrophe in the markets. All this being said we can then continue to expect the dollar to travel its expected pathway …down. 103.5 is the next support. Below that is that pink ascending trendline around 102 and rising.Shortby stewdamus1
DXYThe U.S. Dollar Index (DXY) is a measure of the value of the United States dollar relative to a basket of six foreign currencies: the euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF). The index was introduced in 1973 by the U.S. Federal Reserve following the dissolution of the Bretton Woods Agreement and the transition to floating exchange rates. The DXY is calculated by taking a weighted geometric mean of the dollar's value compared to these currencies, with the euro having the largest weighting at approximately 57.6% Shortby HavalMamar2
possibility of uptrend It is expected that the current upward trend will end at the specified resistance levels and we will see the beginning of the corrective trend. If the index crosses the resistance range, it will be possible to continue the upward trendLongby STPFOREX1
US DOLLAR INDEX (DXY): Very Bullish Setup ExplainedThe Dollar Index is showing strong bullish momentum after breaking through a significant intraday resistance level. This level has now become a support area. With the market experiencing a continued bullish trend since last week, we could see further upward movement. The next resistance level to watch for is at 106.40.Longby linofx11
DXY - Short Possibility?78.6 Confluence after price broke out of a bullish trend/channel and now has created a second top that is at the 61.8 of the last creating a bearish channel. Break and bar close below 105.488 has high probability to push downShortby BetterBusinessBully3
DXY Trading Journal Analysis DXY Trading Journal Analysis It seems likely for Price to gravitate to the noted Buy Stops Target at range 105.897 for the weeks high. I suspect that Price will seek to rebalance the noted 4 IFVG and potentially take out the clean equal lows for the weeks low. by LParnell0
DXY Trading Journal Analysis DXY Trading Journal Analysis Great week of Price delivery. It seemed likely that Price would seek the noted buys stops at range 105.184 and it did that easily on Monday. Tuesday Price rallied to the mean threshold on the 4 IFVG and just kissed the buy stop target at 105.458. The news impact on Wednesday drove Price to seek lower prices by rebalancing the previous weeks BISI. Thursday and Friday Price retraced Wednesdays range and rallied to fully rebalance the 4IFVG and take out my buy stop target and surpass it. Very pleased this week as my targets were achieved. by LParnell0
DXYWe looking for long term selling opportunities as the market is respecting the support zone and its basically forming a bearish flag patternShortby officialpotego_fx0
Dollar's Rally Wins Over Traders as Fed Decision LoomsThe U.S. dollar capped its strongest weekly run since February, buoyed by a shift in sentiment among traders as they awaited the Federal Reserve's upcoming policy decision. After weeks of anticipation of potential interest rate cuts, the market witnessed a reversal as the greenback regained its allure. This recent surge comes from a five-day winning streak for the Bloomberg Dollar Index, a gauge of the greenback's performance against a basket of major currencies. The index rose by over 1% during this period, marking its most significant weekly advance since early 2024. This bullish sentiment towards the dollar is a reversal from earlier market expectations. Previously, many traders had positioned themselves for a dovish turn from the Fed, anticipating potential interest rate cuts in the latter half of the year. This anticipation has contributed to a weakening of the dollar in recent months. However, recent economic data and comments from Fed officials have cast doubt on the likelihood of imminent rate cuts. Upticks in inflation figures and a robust labor market have fueled speculation that the central bank might maintain its current hawkish stance for longer. "The recent economic data has painted a somewhat different picture than what the market had initially expected," noted Sarah Lopez, a foreign exchange strategist at a leading investment bank. "Stronger inflation readings and a resilient job market suggest the Fed might need to stay the course on its tightening policy for a while longer." This shift in expectations has prompted traders to reassess their positions. Many who had previously bet on a weaker dollar are now scrambling to cover their short positions, leading to a surge in demand for the greenback. "We've seen a significant unwinding of short dollar positions in recent days," commented Michael Jones, a currency trader at a major financial institution. "The market is starting to price in the possibility that the Fed might hold off on rate cuts, and that's giving the dollar a much-needed boost." "The Fed's language will be critical in determining the dollar's next move," said Lopez. "If the statement suggests a continued commitment to fighting inflation, the dollar could extend its gains. However, any dovish hints could trigger a renewed selloff." Beyond the immediate impact of the Fed decision, the dollar's long-term prospects will depend on several factors, including the relative path of interest rates in the U.S. compared to other major economies. "The dollar's strength will likely hinge on the divergence between U.S. monetary policy and that of other central banks," explained Jones. "If the Fed remains hawkish while other central banks stay accommodative, the dollar could continue to appreciate." The recent resurgence of the dollar has implications for various asset classes. A stronger greenback can make U.S. exports more expensive and less competitive, potentially weighing on corporate profits. Conversely, it can make dollar-denominated assets, such as U.S. Treasuries, more attractive to foreign investors. In conclusion, the dollar's recent rally underscores the dynamic nature of currency markets. As economic data and central bank pronouncements evolve, so too do investor expectations. The upcoming Fed decision is poised to be a pivotal moment for the dollar, with its outcome likely to shape the currency's trajectory in the coming months. Longby bryandowningqln0
DXY IDEA Just a view from my point where we can see Dxy sweeping the highs and might be seeing a retracement AND BUY only if we get a sign of bullishness targeting the equal highsLongby ronath330
DXY Weekly Out look 16 June 24Monthly: Price has been taken the PML & April Low liquidity, Now its momentum is up side towards the M-BSL- 106.200. Monthly Bias: Bullish Weekly: Price has closed upside forming a W-VI from the previous week opening, a W-MSS+ has been formed. So the weekly momentum is bullish in weekly level, but as there is a W-VI in the upcoming week the price could a give a shallow reverse to the VI then the actual move will be formed. In the weekly level the upside target is 106.169. Weekly Bias: Bullish Daily: The price has been coming from the Daily OB from bellow, it already formed a body closer in the weekly Imbalance, & the price has been taken the D-BSL up side, so as the daily level BSL has been taken so in the up coming week the price could give us a shallow pull back towers the D-OB-CE then it will move upwards. Daily Bias: bullish Longby Trader_PKR0
Bullish dxyPrice has shown a willingness to go higher so certain areas are expected.Longby Thunder_Fx0
DXY - Weekly Forecast - 17 June 2024My view on Dollar Index is bullish bias. Looking for buy entries at the levels indicated. Long03:40by TraderRiz0
USD looking for some pullbacks to go longHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Pullbacks would be good for going long. Eurusd looks weak. But Gbpusd, audusd and nzdusd arent that on a higher timeframe. They are also at key levels , watching to hold or not... 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. ********************************************************************* by Shadowing_The_Big_Boys0
DXY LONGTERM BAIS.This thesis is solely based on technical approach. The boxed overview explanation will be that i'm anticipating dollar to dump after this current sweep on the 4hour TF , advancing towards the downside im looking forward to price attraction towards the equal lows which in my personal experience holds valuable liquidity. i anticipate the dowside liquidity to be taken as well as the low that created the new high, before advancing upwards. no financial advice, just personal idea hopefully the coin flips in my favour, its a risk worth taken on the dollar quote currency i trade. tell me what you think about next week? Godbless.by ombejonathan0
DXY plans for the coming weeksall i currently see is the daily gap filling up in the next couple weeks before we fix the buyside liquidity from the fvg. one thing i forgot to mention is , if the 4h ob dont hold , ill look forward to the buyside liquidity from the fvg in 4h being filled before we move further up. ill update my charts my mid of this week, thank you!Long07:20by abdulganibareen1
DXY plans for the coming weeksall i currently see is the daily gap filling up in the next couple weeks before we fix the buyside liquidity from the fvg. one thing i forgot to mention is , if the 4h ob dont hold , ill look forward to the buyside liquidity from the fvg in 4h being filled before we move further up. ill update my charts my mid of this week, thank you!Long07:20by abdulganibareen0
Do you know the next move of DXY to be indicated when trading?Dollar index broke and closed above 105.876, to indicate that the bulls are still in charge a possible pullback before the up move can take place. On Friday the price closed on the support (105.495), once the price break below and retest level (105.495) will expose the next move to breakers block on level (105.283) and a break and close below that level the price might go down to retest level (104.900) prier to go up.by bless27701910