DXY strong Aur Weak?US Dollar Techinical Analysis USD Looks to Recover LossesLongby Kashif_chaudhary4
DXY Weekly outlook May 26 2024DXY Weekly, Daily, and H4 Chart Analysis Weekly Bias: Bearish Market Structure Shift (W-MSS): Confirmed two weeks ago, signaling a bearish trend. iFVG-W: Last week, price tested and closed below the inverse Fair Value Gap on the weekly timeframe (iFVG-W), reinforcing the bearish outlook. Target Level (DOL): 103.921, where the Weekly Fair Value Gap (W-FVG) and Weekly Swing Low (W-SSL) converge. Confirmation Needed: Watch for a Bearish Market Structure Shift on the H4 timeframe (H4 Bearish-MSS) to confirm the bearish bias. Daily Bias: Bearish D-FVG-CE: On the daily chart, price has closed below the current Daily Fair Value Gap (D-FVG-CE). D-LRLR & D-SSL: Daily Low Resistance Liquidity Run (D-LRLR) is aligned with the Daily Swing Low (D-SSL) and the Weekly Swing Low (W-SSL), indicating a target for low resistance liquidity. Expectations: In the upcoming week, anticipate a move towards these lower levels, seeking liquidity. H4 Bias: Bearish H4-FVG: On the H4 chart, a Fair Value Gap (H4-FVG) has formed after rejecting from the weekly inverse Fair Value Gap (W-iFVG). Key Level: 104.998 - 104.913 (H4-FVG). Bearish Confirmation: If price moves upward and then rejects from the H4-FVG level, this will confirm the bearish bias. This will be an ideal point (H4-POI) to enter short positions targeting 104.009. Key Levels: Resistance: Recent iFVG-W (Weekly), H4-FVG (104.998 - 104.913). Support/Target: 103.921 (W-FVG and W-SSL), 104.009 (H4 target). In summary, the DXY shows a bearish bias across weekly, daily, and H4 timeframes. Watch for price movements towards 103.921 on the weekly and daily charts, with confirmation from a rejection at the H4-FVG level (104.998 - 104.913) to solidify the bearish trend and target 104.009. Shortby Trader_PKR1
Levels discussed on 24th May livestream 24th May DXY: Consolidating around 105, break 105.10 to trade up to 105.50 (needs to stay above 104.80 to remain bullish) NZDUSD: Sell 0.6070 SL 20 TP 75 AUDUSD: Sell 0.6610 SL 20 TP 50 USDJPY: Buy 156.95 SL 25 TP 70-100 GBPUSD: Sell 1.2685 SL 30 TP 40 EURUSD: Buy 1.0830 SL 30 TP 60 USDCHF: Sell 0.9125 SL 30 TP 50 USDCAD: Wait for now Gold: Wait for retracement to complete, Below 2325 could trade down to 2300 by JinDao_Tai5
DXY Will Go Down! Sell! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 104.533. The above observations make me that the market will inevitably achieve 102.945 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!Shortby SignalProviderUpdated 115
DXY bearish Elliot wave structure 1.DXY just like my previous idea came to the lower end of the expansion move now headed into a retracement to create the 5th and final bearish leg Meaning looking at xxxusd pairs to be bullish to end the week into next and usdxxx pairs be bearish 2 If it doesn’t break below the 3 leg then it has a probability of reversing / accumulating to the upside causing Xxxusd pairs to continue lower and usdxxx pairs to continue higher PAYtience pays Shortby Onlypips4x1
DXY SETUPExpecting the market to move as noted. Using SMC and price action makes it easy to understand the marketby Letsgototokyo111
DXY Bullish Aur Bearish I’m looking DXY will wall on poc, keep watching Impact on international trade: A weaker dollar can affect international trade relationships and balance of payments.Shortby Kashif_chaudhary4
#DXY#dollar_index #Update According to the previous analysis, the second scenario that was mentioned can be completed in the area of 107 to 109 movement units... But according to the structure, I found it necessary to do this update, because according to the type of movement behavior, we should see a movement towards the ceiling. 1- This movement wave can at least return 100% of the wave, which is the red box range. 2- If a failure occurs, the 1.272 and 1.618 targets will be activated. Therefore, the post will be updated up to 100% if necessary. 3- This upward movement will form the big B wave, which will then have to wait for the big C, which will have a sharp break and acceleration. Therefore, this wave should be a triple wave. 4-According to the analysis of #gold, ( HERE )there is a big super cycle in gold for the next step of its growth, which we should probably witness big changes.by alikzeUpdated 229
Three methods falling! 4hr anyway… Three falling methods spotted on the dollar… this is a continuation pattern (downside in this case). Notice the three candles green completely encapsulated bu the two red candles equal to height of the three green? BooyahShortby Elefant-Schnitzel0
Usd wycoft spring Usd right now is undervalued. Usa is working on repairs of it's American hardwork culture. My bias is bullish Usd. There is no better system that exists so far right now. All that is left is a push to the moon. I do hope to see Usa awakening from the woke mind virus.Longby LittleSovi1
Dollar Index Analysis for Tomorrow NFP/Unemployment RatesFor tomorrow's economic data release in the U.S., the focus is on the Non-Farm Payrolls (NFP) and the unemployment rate. These are key indicators of the labor market's health and have significant implications for the economy and financial markets. If the NFP report is extremely positive, showing a much higher number of jobs added than expected, it indicates a strong labor market. This could lead to several outcomes: - *U.S. Dollar:* The dollar is likely to strengthen as a robust labor market suggests economic growth and may increase the likelihood of higher interest rates. - *Federal Reserve:* The Fed might consider raising interest rates sooner or more aggressively to prevent the economy from overheating and to keep inflation in check. On the other hand, if the NFP report is extremely negative, showing a much lower number of jobs added than expected or even job losses, the implications would be quite different: - *U.S. Dollar:* The dollar may weaken as a weak labor market suggests economic challenges and reduces the likelihood of near-term interest rate hikes. - *Federal Reserve:* The Fed might maintain or even lower interest rates to support economic growth and improve labor market conditions. The unemployment rate also plays a crucial role. A lower-than-expected unemployment rate would typically support the case for a stronger dollar and potential rate hikes, while a higher rate would likely prompt a more cautious or dovish stance from the Fed. In summary, the actual data from the NFP and unemployment rate reports tomorrow will significantly influence market expectations and the Federal Reserve's policy decisions. A positive report would likely boost the dollar and push the Fed toward tighter monetary policy, while a negative report would likely weaken the dollar and prompt more supportive measures from the Fed.by TraderFa9ir1
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 tchamoun0
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
US Dollar Index ShortHi..this is a smaller time frame picture for my Idea. What dou you think?Shortby ltdcrack88Updated 0
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 continuously LongI'm no market maker, Resistance trendline broken, and weakened in the RSI, increasing PROBABILITY, quote, PROBABILITY, to go higher, which will lead a market sell off across assets, in the 4 hours, divergence found in DXY, so hold on to your butts.Longby jrod80480
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 jrod80480