DXY : Bearish Gartley Pattern Signals Short-Term ReversalsDXY Technical Analysis: Bearish Gartley Pattern Signals Short-Term Reversals The DXY (U.S. Dollar Index) has recently completed a bearish Gartley pattern, suggesting the potential for a short-term reversal in trend. The DXY may also test the 106.50 level before resuming its downward movement. Focus on FOMC: Since the pattern’s completion, market attention has shifted to the Federal Open Market Committee (FOMC). The upcoming FOMC press conference will play a crucial role in determining the DXY’s next moves. Traders are awaiting insights from Fed's Chair Powell However, I don't expect anything interesting compared to the last meeting. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Shortby KlejdiCuniUpdated 4439
DXY Index Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Resistance Level and Rejectionby ForexDetective6
DXY (Dollar Index) measures what will happen to Metals like GoldDollar has broken out of the Range with a Momentum on Friday during NFP. What do you think do is heading in the moment? Here is what the patterns says to me: We are currently into a monthly Correction, Weekly Double Top Pattern align with the Daily time-frame. Long story short the 4hr tells me that we were into a Range, and we broke below the range Impulsively between the two value Areas. It's possible for price to keep dropping with Bearish momentum and probable for price to pull back into the Range again or develop into a larger Continuation pattern and drop. [/ by ThembaMqwathi1
Critical support being tested.The recent weak US data and last week’s dovish FOMC statement has seen the DXY ease and the index has pulled back (4th wave). The support level to watch now is the 50-day MA level of 104.54 and the 61.8% fibo retracement of 104.77. A failed break below this support range will allow the DXY to complete the 5-wave impulse on the chart which will take the DXY to the 2023 high of 107.35. A break below the 200-day MA at 104.20 will however invalidate this expected move higher. The markets were hit by a dovish FOMC statement last week. US bond yields and the dollar tumbled off the back of the increased bets for rate cuts in 2024. The Federal Reserve (Fed) kept the federal funds rate unchanged at 5.50% but the real dovish sentiment started flying when the Fed announced that they will slow their balance sheet taper to $25 billion, down from $60 billion, per month. That is a whopping $35 billion that will technically be injected into the market. The dovish FOMC meeting was followed by a weaker than expected ISM manufacturing PMI print along with a feeble non-farm payrolls print of 175 thousand in April, down from 315 thousand in March. These data prints along with the recent weak US GDP results is increasing the odds for a Fed rate cut sooner rather than later as the Fed may be forced to stimulate the economy before they reach their lauded 2% inflation target. On top of all this, last week US regulators announced the first US bank failure of the year with Philadelphia-based Republic First Bank being forced to close its doors. The week ahead will allow markets to digest the Fed’s more dovish stance as there are no major data prints on the calendar. The US 10-year and 30-year bond auctions will be the main attraction for the week ahead and we will be able to gauge whether investor appetite for long-term US debt has improved following the latest monetary developments. The recent demand for long-term US paper has been fragile with long tails forcing dealers to pick up the slack in the US bond market. Longby Goose961
DXY UPDATE ...LONG TERM SUPPORT Hey team Hope you are Enjoying our ideas and Analysis. Today we are Monitoring DXY Hope you will Take Profit From our Chart Analyse.. Dollars have retested a demand or Trend line of 103.900 From where willbe Expecting a local Pullback And a Move Up.....🔥 Good Luck Guys 🤞Longby MagickeyFX4
R2F Weekly Analysis - 5th May 2024 (ICT Concepts)Hi everyone, Here we are at another Sunday. Time for some analysis. Everything I had to say is covered in the video, but for a TLDR; I am still bullish on the Dollar. Although, I'm not convinced we have reached an intermediate bottom yet. I'm still waiting for more confirmation in order to have the highest probability of being on-side. Comparing with other forex assets, I also have the same sentiment. Lower prices for XXXUSD and higher prices for USDXXX, but still waiting for more confirmation for a larger swing trade. For now, scalps at most. Have a good trading week you guys. Stay safe out there. - R2F 32:31by Road_2_Funded223
Broadening Wedge1) Broadening Wedge pattern stpotted 2) Broken support. Previous support potentially will be the new resistance. 3) Next support level = 104 4) breaking below 104 is going to take us back down to 103 support level.by Se7enSkies1
DXY IS ON THE VERGE OF BULLISHHello traders on the chart, this is what I'm seeing on the DXY(DOLLARINDEX). The DXY is on the zone of strong support based on technical and fundamentals also suggest a further push to the upside in the subsequent weeks. I'm Looking forward to buying the dollar against any other pair since it will be much stronger.Longby Olivathetrader3
DXY BEARISH Unmitigated GAP from Nov. 2023 about to be filled & then we expect a reversal AUDUSD, EURUSD, GBPUSD being bullish support our trend idea that DXY is weak & making a final run to gather liquidity. This move cannot be stopped Expect strong bullish trend on xxx-usd pairsShortby AskEvisionUpdated 1
DXY: Expectations from a bullish weekThe objectives are clear for next week. Overall pretty bullish on dollar. The monthly high is the draw on liquidity. The only question is how should dollar get up to that level. If we get a manipulation leg down, below the previous week low ( 105.741), that would be the first level/area where I would watch for the first opportunities upward. For that I would like to see a close below the most recent bullish 4h gap outlined. After that the second level I'm watching is the 105.527, where we have a 4h fair value gap overlapping with a 4h swing high (fair value area/orderblock/support or whatever name you prefer). If we move higher, I would want to see a strong reaction from this area (105.741-105.527) My bias for a strong reaction is still valid below that too til 104.976. I don't say that price can't go below obviously, I say that I'm watching these levels pretty pretty closely. Ok be safe byyyyyyLongby spekularminUpdated 0
DXY STRUCTURE NFP killed a lot of accounts and my job is to make sure you are always on the right side of the coin and you don't overtrade and you get it right, this is the structure we will be following for this coming week and we will stick this trading plan, stay tuned do well to like share and follow.by Dr_Trade10
story-time DXYit's been a while since my last post about how i think or my opinion regarding the DXY movement. as we saw last time candle dd 10/06/23 price pretty much has stopped from going further down then bounce back from discounted area taking the old high dd 4/12/23. however from my pov i see this as a fail take-over as price reach the fvg without leaving a strong impression that it might come back for good towards our long overdue weekly SIBI. but the good thing is regardless it fail, still it also did took over the old low dd 26/12/23. which means price is manipulating traders to think that the price seek buyside in a long run. I'd like to say that i probably would see it in either of this two scenarios. 1. IF ITS TRUE that whatever I'm blabbering about how the old high dd 4/12/23 is the TRUE HIGH the price is likely to reverse towards the old low 26/12/23. So I'm saying I'll be looking for selling opportunity starting next week. cos what's the point selling now without confirmation right? anyways. 2. IF ITS THE OPPOSITE, the one that i marked " X " would be invalidated, meaning buyside is on for the rest of the month baby!!!!! who wouldn't want that. chances for price to go buyside this week? none. cos its fryyyyyyy-day :) movement is kind slow cos there's no force. so, how will it impact the rest of the instruments? well for instant the currency, its the opposite. (newbie tips) that's all. hope's it gives an insight inside my world. happy trading and be careful! A'xby AxivmingUpdated 26
DXY : Some changesThis chart is just for entertainment. The US is not in a very nice situation now. Simply because of the yield. As we know, if it goes back above 5%, there would be BIG trouble. From what I can see now, there is high probability of them trying to slow the $ going up. Looking at EURUSD, perhaps we are seeing signs of this now. Which is why the Japs are also worried - in case the $ weakens considerably. A high $ with a high yield in a 'weak' economy is surely a recipe for disaster. Add to that fiscal and trade deficit, plus high debt. The playbook is actually quite simple. Next, we can expect some bubbles to burst (CRE + Stocks), to be followed by non other than a Banking Crisis. This would add to the Deflationary pressure (good to know inflation is busted) - economic downturn + unemployment + reduced spending. Finally comes the Policy response - we should know what this means. They are at the cross road now. The Japs are emerging from 160.16 - perhaps free at last. Which means the US is taking over the place of the Japs. No wonder they responded. No not the Japs, as they are on holiday :-) Good luck. Shortby i_am_siewUpdated 4
DXY goes up or down Despite the idea of a bearish impulse for dollar index I think it will surprise us and goes up. A reliable Head and Shoulders patter is obvious and its Neck Line breakout also happened and the last confirmation for me is to breakout a green zone. For now just wait and see because we can have very good position in EUR if it analysis is correct. Thanks Longby AMA_FXUpdated 33
DXY in the making of its dump of a life timewe can see that in this zone of the SRSI the dollar makes its biggest downward move . The momentum looks to be dying and possible rolling over . next target at the bottom of the trend and if broken I expect a massive crash Shortby dtpbarbr871
DXY RED FOLDER WEEK Analysis DXY RED FOLDER WEEK Analysis Mid April Price creeped up into the noted SIBI on the daily chart. I had a feeling that price might be turning around after the last 5 months of this bull run to seek the equilibrium level. I need more price action to confirm my bias sentiment. Is this a false break to the down side? My target for the week was the noted sell stops that were swept today. I liked how price wicked into the D BISI today that I noted from April 10, right to the .618 level. -Monday Price action had a lot of range taking out intra-day stops, finishing with a down closed candle. -Tuesdays Price delivered to the buy side taking previous days stops. -Wednesday was a fireworks of delivery, taking both buy side from previous weeks and sell side from Monday. Price came short of my noted buy stop target by 27 pips. -Thursday completed the rebalancing of noted FVG and sweeping the equal lows. -Friday I anticipated price would seek the noted sell stops target. Fantastic delivery and so happy about my target reached. Long range I suspect that price is gravitating towards the equilibrium level of 103.859 range as a longer term institutional flow.Shortby LParnell0
Bitcoin Dxy5.3. 24 just as in the other videos I'm focused on price action and how the markets move from buyers to sellers and sellers the buyers and with the reversal patterns look like . it takes active engagement to analyze the market but it doesn't take a lot of time once you become consistent with your tools and how you look at the market.29:29by ScottBogatin116
DXY analysis is bullishI analyzed this trade in mid-April when I saw the strength of the dollar. My analysis is based on ict concepts , I relied on seasonal trends, Cot, Open Interest, Quarterly Qhift, Drawn Liquidity, Structure, HTF PDA, Premium and Discount Arrays,Longby mosaablasfar709ads3
DXY continuing its rise into the 107`sDXY reacted as expected on the 0.559 Fibonacci together with its EMA retest. Indicating it's looking for further highs. My Expectation here would be or -0.309 Retracement resistance. This upwards move is indicating quite hard times for all assets valued in US-Dollar, especially looking at you crypto.Shortby xSamu_TA1
DXY's Final Leg: Charting the Course to 106Recent Achievements: DXY has reached our previously set targets as mentioned in DXY Descent Alert: Path to 102.800 - 102.280 . Post-achievement, the focus was on determining the subsequent direction of DXY. Trend Line Breakthrough: Following its last ascent, DXY broke through the monthly trend line, a detail observable in our previous analyses, peaking around 104.500. Correction Wave Insight: This movement suggests that the correction wave, initiated at 100.617, is not yet complete. It merely finished its first leg at 104.976 and is on course to complete the third leg around 106, manifesting a complex WXY correction wave. Detailed Wave Analysis: Formation of Wave W: The journey from 100.617 to 104.976 forms the W wave, which is a wxy wave in itself. Main Wave X: A descent to 102.358 represents our main Wave X. Progress into Wave Y: Wave Y's first leg has concluded, characterized by 5 waves that shape Wave A from Y. DXY is currently descending to form Wave B, which, in the primary scenario, is expected to end around 103.800-103.500. Subsequently, Wave C would propel DXY towards approximately 106, completing a Zigzag correction. Potential Corrections: If Wave B extends deeper, a flat correction might conclude around 105-105.500, leading to a truncated Wave Y, or progress into a more complex correction. This scenario could result in a nested wxy pattern, similar to the main Wave W, aiming for the 106 mark. Observations & Next Steps: Continuous monitoring will be in place, with a commitment to providing additional analyses should there be any significant developments. Post-Correction Predictions: After completing its correction wave, DXY is anticipated to experience a downturn. Further analysis will be conducted to identify new targets at that juncture. Invalidation Criterion: A key invalidation point would be the breach of the price channel. It is always prudent to await retests before drawing conclusions. Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.Longby ahmadsaad83Updated 2
DXY BULLS AFTER NFP DXY make its correction ... in lieu to a negative news from Nfp ..., to sweep the imbalance below ... now making its bull run ... while Gold shorts . Follow for more insights. follow for more insights fellaz , comment ,boost idea ... Thanks Longby Ak_capitalist3
Dollar Index - DOUBLE TOP 📉Hi Traders ! On The Daily Time Frame: The Dollar Index Formed a Double TOP Pattern. The Neckline is Broken ! So, I Expect a Bearish Move 📉. __________ TARGET: 105.000🎯Shortby Hsan_BenhmedUpdated 5523