DXY short!!We got almost 5 waves up. Now looking for a bearish divergence on the RSI. Then a sick wave down to 94!! Lets see good luck!!Shortby G1D3onnUpdated 1128
DXY Is Going Up! Buy! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.230. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 104.968 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!Longby SignalProviderUpdated 112
DXY - soon reversal expectedMy plan on my previous post: Dollar will reverse from next level. Until I am waiting dollar's rise to level mentioned on chart and then I think Dollar will start journey to downside.Shortby traderstube0
Dollar Index (DXY): More Growth is Coming 💲 Update for Dollar Index. Earlier, I already shared a bullish forecast. Today, I see an intraday confirmation with a breakout of a neckline of an ascending triangle formation. Next goal - 104.84 ❤️Please, support my work with like, thank you!❤️ by VasilyTrader1116
Levels discussed on 28th March March 28th DXY: Approaching resistance 104.50, needs to break to reach 104.75 NZDUSD: Sell 0.5940 SL 20 TP 70 (Hesitation at 0.59) AUDUSD: Sell 0.65 SL 20 TP 55 USDJPY: Sell 151.75 SL 30 TP 65 GBPUSD: Sell 1.2575 SL 20 TP 55 EURUSD: Sell 1.0785 SL 25 TP 60 USDCHF: Buy 0.9113 SL 20 TP 50 USDCAD: Looking for reaction at 1.3620 resistance Gold: Retrace down to 2182by JinDao_Tai10
DXY - Would You Believe Me If I Told You I Was Long?Last weeks fundamentals created fireworks in the market, with all the banks in the world except for Japan's has maintained their rates; 5.25% for UK and 5.50% for US whilst price action for the dollar as rallied. I am confident 105 buyside liquidity is in the cards to be purged in the near future but in the near term, I am expecting 104.660 to be met. That could lead to a sell-off in cable and euro; something to lookout for. 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 KORTAN Longby LegendSinceUpdated 0
Dollar index long viewLast Friday, the dollar index successfully closed the gap from January. After that, this week, the dollar managed to recover from 102.50 to 103.50 levels. We have additional support in the EMA50 moving average. On Wednesday, the FED will announce the future interest rate. Expectations are that it could remain at the same level. This could strengthen the dollar index, and our target is 104.00, around the monthly open level.Longby Aleksin_AleksandarUpdated 37
DXY Dynamics: Transforming Bearish Whirlwinds into Bull HorizonI was observing the bearish price action on DXY, and it's unfolding just as I anticipated. Last week, DXY breached a bearish PD array. Now, I'm shifting focus and expecting DXY to take some buy side liquidity in the upcoming days . I'd like to see DXY consolidate at this level on the chart today, forming a bullish fair value gap. Tomorrow, it should fill that fair value gap and test the bullish breaker 4 hour , before resuming its upward momentum. #ForexAnalysis #TradingSignals #MarketObservation #PriceAction #DXY #BearishTrend #BullishOutlook #TradingStrategy #TechnicalAnalysis #MarketForecastLongby Crypto_Byte9Updated 1
RTH daily opening Gap DXY opened tonight with a large Gap and after taking out the liquidity above immediately closed the gapShortby dclemens5612
US Dollar Index: DXY Clears Opening Range for MarchThe US Dollar Index pushed back above the 50-Day SMA (103.76) during the previous week to clear the opening range for March, and DXY may attempt to retrace the decline from the February high (104.98) if it clears the monthly high (104.50). DXY Outlook DXY may track the positive slope in the moving average as it pares the decline from the start of the week, with a breach above the February high (104.98) raising the scope for a test of the 105.00 (23.6% Fibonacci extension) figure. Next area of interest comes in around 105.50 (23.5% Fibonacci retracement) to 105.80 (61.8% Fibonacci extension) but failure to test the February high (104.98) may keep DXY within a defined range. Lack of momentum to hold above 104.40 (38.2% Fibonacci retracement) may push DXY below the moving average, with a break/close below the 103.30 (50% Fibonacci extension) to 103.50 (50% Fibonacci retracement) region bringing 102.60 (61.8% Fibonacci retracement) on the radar. --- Written by David Song, Strategist by FOREXcom2
DXY Now Bearish Zone Hey there on 1htF the DXY has slipped over and will Go Downside If the next resistance support touch and continue rise then so we can see that can continue fly with Gold and upside riseShortby DvsTraderfirm1
DXY Buy-side and sell-side liquidity poolsUS dollar index is having small range days. Seasonally bullish. I side with buy-side being the next target. Will reconsider if the daily bullish OB fails. What do you think? Note: this is just an idea. Not trade advice.Longby ActiveAmmo1
DOLLAR STRENGTH THIS WEEK AND NEXT WEEK Dollar could reach 104.980 this week depending on the jobless claims data tomorrow. If not this week, then i see it happing next week.Longby Jordan5910
DXY POSITION Looking for buy on DXY from 104.233, price gonna sweep some liquidity at 104.241 , for me i'm buyin from 104.233 to 104.495 sl 104.180Longby Zakaria_sd2
DXYDXY : Thats what i see on the chart, FOMC Day, my opinion is that before price will go to the upside price could take out SSL, Mitigated 4h Discount / 4h BPRLongby andy4444_0
DOLLAR_INDX,DXY H4 27 March 2024💵 DOLLAR_INDX, H4 💵 27 March 2024 The Dollar Index, tracking against a basket of major currencies, held firm amidst a wait-and-see sentiment among investors. With anticipation mounting for the release of the PCE Price Index data crucial for gauging inflation and scheduled for Good Friday, market movement is expected to remain subdued. Despite the holiday, Top Fed officials, including Chair Jerome Powell and Mary Daly, are slated to provide insights, setting the stage for potential market shifts. Traders are advised to stay vigilant and strategize as economic data released over the weekend could spur heightened volatility come Monday. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might extend its gains after breakout . Resistance level: 104.45, 104.95📉 Support level:104.00, 103.65📈Longby top_fx0
USD: Keep an eye on Waller's speechFX markets have been struggling to find clear direction since the start of the week, with US data still giving contrasting signals. Yesterday, consumer confidence took a hit, as both the March and a revised February print ticked below 105.0. However, durable goods orders were strong and beat expectations. Our economists have looked closely at the non-defence capital goods orders ex. aircraft gauge, which came in at a solid 0.7% in February but was revised lower to a 0.4% contraction in January. This is the best leading indicator for business capex, which has been rangebound in dollar terms since May 2022, meaning it has actually declined in real terms. In other words, the strong economic and equity performance in the US is not being paired with any rise in investment. Today, monthly wholesale sales and inventory revisions are the only data releases on the calendar along with the weekly MBA mortgage applications. It will be more interesting to hear what the Federal Reserve's Chris Waller has to say tonight (2200 GMT) on the economic outlook. Remember that about a month ago, Waller delivered a speech (“ What's the rush?”) that offered a good preview of what Chair Jerome Powell later communicated in congressional testimony and the March FOMC. That is, the Fed has the luxury of patience, but the overall expectations are optimistic on disinflation. Waller is generally considered a hawk, so it will be interesting to see how he reacts to the latest data releases.by ElliottwaveSpecialist1
DXY Descent Alert: Path to 102.800 - 102.280Update on DXY's Movement: The DXY has hit our projected targets in DXY Rebound Alert: Prepare for the 104-105 Swing and completed its last wave in a WXY pattern, with a truncated Y wave. Following this, we've observed a downward trend, with the DXY breaking through the main price channel. We anticipate a decline from the current area to the Fibonacci levels of 0.5-0.618, positioning the index around 102.800 to 102.280. Immediate Outlook: A closer inspection of the monthly chart suggests a sideways movement within the 103.500 to 104.450 range until the end of February, after which we expect the DXY to descend towards our specified targets. Next Steps After Target Achievement: Once the DXY reaches our anticipated Fibonacci levels, the crucial question will arise: Is this descent indicative of a broader reversal, potentially driving the DXY below the 100 threshold, or is it a temporary retracement in anticipation of a subsequent rally that could propel the index above 107? This determination will be essential once we hit the specified target range, guiding our subsequent analysis and strategic approach. Invalidation Point: Our analysis would need reevaluation if the DXY breaks and closes above the monthly trend line. It's essential to wait for a retest of this break to confirm its validity. Such a development could alter the current outlook significantly, necessitating a strategic reassessment. take a closer look on the 1M Frame chart below: Shortby ahmadsaad83Updated 2227
DXY Is Bullish! Buy! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.198. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.970 level soon. 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!Longby SignalProviderUpdated 224
Levels discussed during livestream March 27th DXY: Stay below 104.60 to maintain within the range, could retest 104 round number (38.2%). Some weakness coming back in NZDUSD: Buy 0.6013 SL 15 TP 45 AUDUSD: Test and reject 38.2%, Sell 0.6550 SL 20 TP 40 or Sell 0.65 SL 20 TP 55 USDJPY: Sell 151.45 SL 20 TP 60 GBPUSD: Climb to 1.27, look for reaction at resistance level. EURUSD: Break support, 1.0785 SL 25 TP 60 USDCHF: Continuation to the upside, 0.9060 SL 25 TP 45 USDCAD: Possible formation for double top, Sell 1.3610 SL 20 TP 65 Gold: Break through 2182 to reach 2200by JinDao_Tai4