Monthly DXY is predicting a Hard Landing and Big Fed Pivot soonMonthly DXY is predicting a Hard Landing and Big Fed Pivot soon. We have been in a Descending Triangle since 2022. The pattern is coming to an end and DXY is likely to move to $90 or below. Shortby grumpa06112
"Striking Gold: Dollar Index Primed for Market Sell-Off"Market Analysis: Dollar Index Ready for Sell-Off Weekly Chart: An asymmetric triangle pattern has formed, indicating a balanced standoff between bulls and bears. However, recent developments suggest bearish momentum as a clear Semi-Macro M (Double Top) pattern has emerged and played out. The outlook is tilting towards a sell-off, transitioning from the weekly to daily timeframe for further confirmation. Daily Chart: Following the completion of the double top formation, bullish strength attempted to surpass the 105.009 resistance level, but ultimately capitulated. The subsequent corrective structure demonstrated waning bullish power, notably with the breakdown of the ascending channel observed on the 4-hour chart. This breakdown was confirmed by a bearish engulfing candlestick pattern and a subsequent 50% retest, signaling a shift in sentiment. 4-Hour Chart: A bearish flag pattern has materialized on the 1-hour chart, corroborating the sell-off sentiment. The breakdown of the ascending channel on this timeframe further reinforces the established downward trajectory across all analyzed timeframes, starting from the weekly chart. This analysis highlights a coherent progression towards a sell-off scenario in the Dollar Index, supported by multiple technical indicators based on price action across varying timeframes.Shortby Digital_FX_Index1
DXY - IRL TO ERLNow we have taken an old ERL we then had our DOL to a bullish IRL and Volume Imbalance. Price then filled and now respected an IRL and expect the new DOL to be the Daily ERL formed yesterday for Monday Target 103.921Shortby RapidSandUpdated 0
Head and shoulder USDXBe watching for this neckline to break. It would be a very obvious head and shoulders. Watch for the fake neckline rejection, though. by TechknowLobster0
China - U.S. War Preparations!We are still at the start phase of the China - U.S. war & seeing it slowly brew into something bigger. 2025 - 2026 should be when we see a full out war, weather that's a physical war, economical war or a cyber war. Ahead of this war it'll be interesting to see how China prepares for sanctions from western nations; ⭕️Which financial asset classes they divert into. ⭕️Which industries they become reliant on. ⭕️Which countries they turn into allies.Longby BA_Investments3
Dollar Index DXY 09.04.2024Dollar Index awaits important data - Inflation data - Producer price data Higher-than-expected results are positive for the dollar and vice versa.by Hejaaa5
DXY Will Move Lower! Sell! Take a look at our analysis for DXY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.286. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 103.848 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 221
DXY LoveDXY is your guide. The market truly looks like it's setting up for the next big move now that we are rolling in April (new month and after ftmo week). On a macro level 4hr. -As a technical trader waiting for a cake set up, I see... 1. DT trend line creation. 2. H&S 3. B&R? Price does look as if it has just broken a channel and pulled back for the retest (current price). 4.Price is currently in a zone, A save entry would look like the break of this zone. Greetings Bears. Longby nba2019Updated 0
DXY Love- UpdateWell, there you have it folks, a beautiful execution with a TP hit. Trading zone to zone as a swinger is my style and using that DXY as my guide is a gem. Until next time, -Neke {The Soul Connect}by nba20190
DOLLAR_INDX H4 9 April 2024💵DOLLAR_INDX, H4 💵 9 April 2024 The Dollar Index, tracking against a basket of major currencies, saw a slight retreat in anticipation of upcoming US inflation figures later this week. Despite upbeat reports on Nonfarm Payrolls and the Unemployment Rate, economists forecast a potential dip in inflation compared to the previous reading. Projections suggest a 0.30% monthly rise in the headline Consumer Price Index (CPI), down from February's 0.40%. Heightened market uncertainties led some investors to steer clear of the US market, diversifying their portfolios and reducing demand for the US Dollar. The Dollar Index is trading lower while currently near the support level. Suggesting the index might extend its losses after breakout. Resistance level: 104.60, 104.95📉 Support level:104.00, 103.65📈Shortby top_fx0
DXY analysisLooking at price action I like to see that we traded below Fridays low from last week. We seem to still be holding bearish strength for now so a short term target for me to get into a personal position is going to be the double bottom marked on the chart. As we are coming into the middle of the week we want to take opportunities that the market provides. I know we are bearish ATM so I will capitalize and aim for the liquidity below the double bottom. This means I’m temporarily bullish on all pairs XXXUSD for today until that double bottom liquidity is takenShortby kamaricolmn110
Levels discussed on 9th April Livestream9th April DXY: If it breaks bullish trendline & 104 support, could trade down to 103.70 level NZDUSD: Sell 0.6030 SL 25 TO 85 (hesitation at 0.5995) AUDUSD: Buy 0.6630 SL 20 TP 75 USDJPY: Sell 151.70 SL 30 TP 75 GBPUSD: Buy 1.2680 SL 30 TP 75 EURUSD: Buy 1.0885 SL 30 TP 60 USDCHF: Stay out, in between support & resistance USDCAD: Sell 1.3605 SL 30 TP 80 Gold: Stay above 2350, could climb to 2375by JinDao_Tai5
The opposite of EURUSDThat's my bias...just based on this pattern. I am definitely bearish on the USD. Let's see how this unfolds.Shortby yann2zenUpdated 1
EURUSD & DXY DAILY MARKET REVIEW-JOURNALThis is not a financial advise it's for educational purpose only. Like and follow me for more 🥰19:16by DigitalWealthTrad0
🚨DXY Index Is Ready to Go Down by H&S Pattern🚨🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible. 🔔I expect the DXY index to continue its decline after breaking the 🟢 Support zone($104.26-$103.88) 🟢 around $103 . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Shortby pejman_zwinUpdated 1127
DXY - analysis Market Structure Hi, this is an analysis based on the Market Structure, these analyzes can be performed on any timeframe, they being the analysis on multiple timeframes It is very important to understand that a higher structure is always the priority in terms of price movement on the chart I would like to keep things as simple and clear as possible without too many stories! blue zone = demand zone - from where I expect it to grow or at least to have a reaction purple area - supply area - from where I expect the price to decrease or at least to have a reaction liquidation point = for the order flow to be respected, the price must take over that point protected point = if the price touches that point, it is possible to see a trend change liquidity = the price will take that liquidity (do not transact there)by KronFX0