DXY - Retracement ahead of Weaken US Economy Forecast Weaken Us economy will have affect on the dollar However the 140Bil $ Treasory Bond will be issued, that will drive the demand for US Dolar in the medium term . Long04:47by EasyTradingOnline1
Dollar Index (DXY): Important Breakout 💵 As we discussed on the yesterday's live stream, Dollar Index broke and closed below a key daily structure support after a consolidation Retesting the broken support, we see a positive bearish reaction to that. It makes me think that the market will drop lower. Next support - 105.2 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader118
Dollar index short viewThe dollar is definitely under a lot of pressure at the 106.00 level. This led to a bearish impulse at the 105.70 level. We may see a continuation of the dollar index's pullback to better support. The potential target is EMA20-daily (105.20-105.40); if we do not get support there, the next target is EMA50-daily (104.60-104.80).Shortby Aleksin_AleksandarUpdated 4
DXY in ascending broadening wedge DXY is in ascending broadening wedge and following up from previous long positiom ideas, I am seeing that DXY might take pause and move down.Shortby andrey_kurniawanUpdated 5
short eurDollar still looks bullish We are currently in a time of consaldation. -We have deviated back in the rangeand also had a mss. -The narrative is still bullish -What liquidity will be targeted for thursday?l -We have sellside resting 105.598 and buyside resting 105.950 -We have possible SMT forming, if the dollar fails to make a lower low while the euro is about to make a higher highShortby diegoulises2810
Dollar Index - Pending Sell-offBased on my last post, I was neutral overall but still wanted to see a minor bullish increase upto the old volume imbalance located @ 106.600 which we got. The current market conditions mean that it’s a bit more tricky to guess a bias long term without more market information as all the dollar has done was sweep buyside before sweeping sellside. The outlook on news this week is going to be interesting as we start of the week with 3 gold folders but dropping into Tuesday is a different kettle of fish. In the cards, we have got 4 gold folders and a whopping 8 red folders which tells me that implied volatility is prevalent on that day. On the Wednesday, we have AUD CPI numbers releasing so there’s a strong chance of manipulation before the real moves come. 3 red folders with 5 gold folders. To note, New Zealand and Australia will be having a bank holiday on Wednesday with Italian bank holiday shortly following ahead in the Thursday. 3 red folders on that day with 1 gold folder Friday is another big day with 6 red folders and 2 minor gold folders and with policy rates being the talk of the day, expect movement! Days to lookout for will be - Tuesday (Expect high volatility) - Wednesday (Medium to high volatility) - Friday (Expect High volitility) With that being mentioned, for the past 4 months, dollar index has been in a buy programme but the monthly buyside liquidity still has not been attacked @ 108.348, near to the lowest displacement fair value gap. Unless turmoil in Israel and Iran occurs or for that fact, any country, we could see a dramatic swing in all markets. Trend is your friend until otherwise but in the cards for a short term retracement to 105 is not illogical to paint before continuing higher, running on short term buy stops. Please have a look at my index analysis as I am looking out for bullish price action; ES, NQ, YM and even forex pairs, specifically: Cable and Euro. In turn, I want to see dollar respect the old liquidity void @ 106.500 and continue to make lower lows and higher lows. 105.849 is my first point of call with 105.700 being my mid week bearish terminus. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTANShortby LegendSinceUpdated 4
DXY Bullish Trend Hey there on 1htF the DXY Bullish Trend until 106 then we can looking for sell opportunity and will drop from there our previous support area 106$ so we can follow up and then best to make short area from upper side to set our next target 103$ Shortby DvsTraderfirm0
DXY BUY SETUPThe dollar index held around 105.6 on Wednesday after losing 0.4% in the previous session, weighed down by cooling US private sector growth which supports the case for Federal Reserve interest rate cuts. Data showed that US business growth slowed and signaled only a slight expansion in April as both manufacturing and services activities eased. The greenback also came under pressure from a rebound in the euro and sterling amid robust Eurozone and British business activity data. Moreover, the US dollar weakened against the aussie as stronger-than-expected Australian inflation data bolstered expectations that the Reserve Bank of Australia will not cut rates soon. Investors now look ahead to US GDP data on Thursday and the Fed-preferred PCE price index report on Friday to better guide the monetary policy outlook.Longby murendi4
Dollar probably has made low of the weekThe dollar dropped yesterday and was taped to the H4 FVG this morning during the ASIA Session. The daily candle did not close below the Dialy inverted level. A strong move up and H1 close above the inverted FVG are signs that the low of the week was probably created and we could see a potential move. 🟠Rules - 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 ⚔Longby Dave-FX-HunterUpdated 10
DXY analysis 4/24/24Referring back to my earlier post price is printing bearish. There is a bearish 5 minute candle that printed between 8AM and 8:30 that I want to see act as resistance. Looking for price to head down towards weekly discount level marked by lower red boxShortby kamaricolmn0
DXY is Showing Bearish TrendI am Willing to Short Immediately as old Support Become Resistance now after making it's double top formation looking forward to hit my tp1 and tp2Shortby Mazharghouri0
DXY ANALYSIS PT2. We have pushed into that gap and taken the previous weeks low. Only reason I am still considering shorts at the moment is because a discount price has not been achieved yet. Once 8:30 news comes out and more candles print I will give what I will be looking for to turn bullish and what I want to see to remain bearish. Like, follow, comment and if you’re new here check out my other posts.by kamaricolmn0
DXY ANALYSIS 4/24/24Good morning. Markets had some beautiful movements yesterday. Monday we took out HOTD from last week Friday. Yesterday we saw that nice expansion with 9:45 news. Highlighted on the chart I have that liquidity void shown. I’m expecting us to reject out of this area and move to create a new lower low on 1 hour timeframe. We are currently inside of the weekly gap we needed to fill and I’m going to drop a part two to this post to highlight where we are within that range. As of right I don’t have a confirmation of entry besides that 15 price level I have marked out by that red line. For now that is my POI but as we get news that will come out at 8:30 that may very well change. Follow, like, and ask any questions you might have any interaction is much appreciated Shortby kamaricolmn0
Dollar is going lower today during NY session.I see a potential lower price for today's intraday move. We saw the break of structure last Tuesday and this Monday the high was taken. Which was a false break. Lower prices are higher probability for today / tomorow. 🟠Rules - 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 ⚔ Shortby Dave-FX-HunterUpdated 2
Levels discussed on 24th April24th April DXY: Bounced off 105.60 (61.8%), look to retest 106 round number. Beyond 106, likely to range between 106 and 106.40 NZDUSD: Sell 0.5925 SL 20 TP 60 AUDUSD: Buy 0.6540 SL 25 TP 75 USDJPY: Wait to see price break above 155, Sell Order 154 SL 20 TP 60 GBPUSD: Sell 1.2420 SL 40 TP 110 (Hesitation at 1.2370) EURUSD: Sell 1.0675 SL 20 TP 65 USDCHF: Buy 0.9155 SL 20 TP 70 USDCAD: Sell 1.3655 SL 20 TP 40 Gold: Could trade down 2300 round number support level againby JinDao_Tai8
DXY LOOKING BULLISH AGAINHello fellow traders This is my idea on the DXY, the dollar index is a done with its retracement on the Daily timeframe and is about to continue the bullish run,,Longby Olivathetrader3
DXY (dollar index)The dollar index broke the consolidation zone of the 106.200-105.500 range. the market broke out to a downside level and now tested its 105.500 level of support that's become resistance. If the market rejects this level then more downward to 104.800 which is the support and demand area.Shortby Dhareja2
possibility of correction It is expected that the support range will be broken and the downward trend will continue. Otherwise, a strong upward wave needs to form and stabilize above the support range. In this case, it will be possible to continue the correction processShortby STPFOREX0
USDX, DXYDollar Index prices are still in an uptrend. There is a chance that the price will test the 107.14 resistance zone. If the price cannot break through the 107.14 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Shortby Serana23246
US DOLLAR INDEX ((DXY): Intraday Bearish Setup 💵 💲We observed two unusual breakouts on the DXY chart. The market had been in a consolidation phase for about a week plus, during which the price formed a triangle pattern and a horizontal range. Both the triangle support and the range were broken, indicating strength in selling pressure. This suggests that the price could potentially drop to the 105.00 support level.Shortby linofx11111
DXY Trading Journal Analysis DXY Trading Journal Analysis It seems likely that the DXY will be seeking lower prices going forward as the bias. Gravitating to the 50 % Equilibrium level on both HTF and LTF. Today Price delivered to take the sell stops from April 18 and coming to the middle of the D BISI in an attempt to rebalance it. For the week I would like to see price seeks the 50% level and sweep the daily sell stops. It does seem likely that price would bounce back up and possibly take the Buy stops by weeks end. No internet so I am attempting to anticipate the swings from discount to premium targets and just name it and claim for my records to learn from. by LParnell0
Dollar Index (DXY): Multiple Time Frame Analysis After PMI 💰 Top-down analysis for Dollar Index. Price action after US PMI report. Important key levels. Potential scenarios. ❤️Please, support my work with like, thank you!❤️ Short02:20by VasilyTrader115