DXY AT MAJOR LEVEL ON DAILY DXY has completed AB=CD, currently at retracement level of 61.8% of CD leg.by Theforexrun0
DXY monthly Price analysis 3 June 2024Monthly Chart: The price has rejected from the monthly OB then, It created a M-MSS. Now month of June the price has goin bellow the TMO before the NFP week. So we could anticipate that rest of the month the price will go upward. Monthly Bias: Bullish Weekly Chart: The price is going down towards the PML W-SSL. There are W-FVG along with W-BPR & W-OB which might work as a resistance. If we have any H4-MSS+ after the NFP news events from those W-PDA's then our weekly Bullish Bias will be confirmed. Longby Trader_PKR0
DXY Monday 3rd JuneFollowing Bond buyback programme started on 29th May alongside weaker ISM news supported DXY idea from Sunday. This is the importance of preparing weekly outlooks so you know what you're looking out for. Shortby joeljohnrussell0
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
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
DXY THRIVES TO LONG @103,100'SDXY thrives to make its bull moves , as liquidity sweeps is being expected through 103.100's as gold makes its weekly, monthly pullback ... follow for more insights ,as the next insights will published in the comment section . boost idea as we make a short-term bears on dxy ,, and gold pullsback on higher timeframe thanks .AKCAPITALS✨Shortby Ak_capitalist224
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
DXY INDEXPair : DXY INDEX Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Demand Zoneby ForexDetective4
Levels discussed on Livestream 3rd June3rd June DXY: Break above 104.70 (38.2%) , trade higher towards 104.90 (61.8%) NZDUSD: Sell 0.6130 SL 20 TP 40 AUDUSD: Sell 0.6625 SL 20 TP 65 (Hesitation at 0.6595) USDJPY: Buy 156.75 SL 25 TP 60 GBPUSD: Sell 1.2680 SL 15 TP 35 EURUSD: Sell 1.0835 SL 20 TP 45 USDCHF: Buy 0.9040 SL 30 TP 60 USDCAD: Buy 1.3675 SL 20 TP 45 Gold: Could retest and reject 2330, and trade down to 2308by JinDao_Tai1
DXY Intra Day Play 03.06.2024On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700. The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks. I am keen on seeing this breakout continue as it will give me further conifrnation to enter sells on EUR/USD which has broke below the asian low and has now found itself adncing below the 200ema. Chart: I am also keen on seeing this corrolate with Gold and Silver who are also both showing signs of trading below last week's POC levels Silver: Gold: This will make it a rather interesting start to the week,,, especially if the PMI results do come back as forecasted at 49.8 or even stronger this afternoon when the US Market opens up. Hope you have a great day and that your screens are green. Let me know what you guys think. Happy Trading. Longby FXCapitalClub0
DXY Trading Plan for the week 03.06.2024Good morning traders. 🥳 Hope you all had a great weekend and ready for the week ahead. A quick glance at the charts this morning and the dollar has reset back to the POC levels it entered last week with and on the 12 hr we can see that we are now forming a descending triangle which means that if we break above 105.000 we could see a continuation to the upside targeting key level 106.507 and if we break below 104.408 then we will see a continuation to the downside targeting 102.686. I'm quite keen on seeing the dollar reach key level 104.209 to which I will be looking for Buy's on EUR/USD, Gold and Silver throughout the week. We've been in a range across the other assets as well so this week could definately be a breakout week to the upside for all dollar pairs if that's the case. Hope you have a great day and that your screens are green. Happy Trading. 📊by FXCapitalClub0
check the trend According to the behavior of the index within the range of the support trend line, possible scenarios have been identified. As long as the index is above the 100% level, the upward trend is likelyby STPFOREX0
DXY - Bullish - First Week of JuneI still remain bullish on DXY. We have retraced into Weekly down closed candle that should offer bullish support followed by bullish order flow. Longby imjesstwoone2
DXY Trading Journal Analysis DXY Trading Journal Analysis I suspect the DXY is drawling to the 50% level. It seems likely that Price will seek to rebalance the 4 IFVG and the noted Buy Stops Target for the weeks high. It also seems likely that Price will gravitate to the sell stops target for the weeks low. Note a non farm payroll week in RED FOLDER NEWS. I suspect that if Price is aggressive it could bull to the higher 105.800 buy stops target. It could also bear to the Equal lows at 104.080. I believe the later due to being in a bear market and yet wars and seasonal changes have me reading what Price gives me. Happy trading folks. Shortby LParnell0
If we have a strong close below previous Tuesday's ..? If we have a strong close below previous Tuesday's we're likely to see a free fall for the next quarterly shift objective being the 60-days look back with an obvious low for sellside liquidity in confluence with a daily bullish orderblock. How we trade Tuesday into Wednesday is indicative of how fast we want to get to that level. Shortby aideesbrother112
DXYWe are looking for the dollar to basically go for short term sells then long term buying opportunities as we are still inside the bullish structureLongby officialpotego_fx2
DXY to call ECB's bluffThe broad based dollar index has held up well and the 200-day MA support level at 104.43 is keeping the dollar from further depreciation. The DXY is looking set to make another leg higher if the ECB serve markets with a rate cut this week. The ECB, along with the Bank of England, has been very outspoken recently that they plan to diverge from the Fed’s monetary policy path and that their economies are almost at a point in which they can start cutting rates. This week provides the opportune time for the ECB to put their euros where their mouth is, but we can expect another strong dollar rally if they actually do…Longby Goose961
Sunday Viper Weekly Breakdown Today we focus on the upcoming news events in the world including a couple of possible rate cuts in Cad and Eur. So we focused on DXY and it's two possible scenarios it has and where it has to break in order for those directions to become clear. Very exciting week ahead!! 11:05by Bowersbtc334
dxy long term outlookRate cuts, Rising bonds. Expecting rest of the year to bearish for the dollar Shortby joeljohnrussell4
DXY - Bearish until PML is takenLooking for the price to continue going down until PML is taken out.Shortby pooiatyisUpdated 0
USD INDEX IS BULLISH Doing a technical analysis and using fundamental analysis I'm predicting a bullish move for USD index. Analyzing major pairs like EURUSD, I see EUR wearing against USD.Longby LyrebirdCapital7