dollar to be bullish a clear buy to dollar for next coming days which will lead to cpi being a sell on nas100,sell on us30 and a sell on Gold Longby nhlanhla-smiley1
uptrend It is expected that the resistance range will be broken and then a consolidation will be formed above the resistance range. Then the continuation of the upward trend will take place and it can progress up to the previous ceiling rangeLongby STPFOREX1
long?We can see on the weekly timeframe that the dollar is not making a lower low and so this uptrend is still intact.Longby misternico2
Pre NFP Analysis7th June DXY: Could break support at 104.00 (weak NFP data) but if it stays above 103.40 could rebound back up NZDUSD: Sell 0.6205 SL 20 TP 65 (DXY strength) AUDUSD: Sell 0.6705 SL 25 TP 70 (DXY strength) USDJPY: Sell 154.50 SL 25 TP 70 GBPUSD: Buy 1.2830 SL 20 TP 55 (DXY weakness) EURUSD: Sell 1.0880 SL 20 TP 70 (Hesitation at 1.0835) USDCHF: Sell 0.88808 SL 30 TP 70 (DXY weakness) USDCAD: Buy 1.3620 SL 20 TP 90 (CAD weakness DXY strength) Gold: Needs to stay below 2385, could trade down from 2370 to 2350 by JinDao_Tai4
check the trend According to the behavior of the index in the current support range, possible scenarios have been identified. If the price crosses the support range, it will be possible to continue the downward trend until the specified support levelsby STPFOREX1
Bye Bye DollarShort term uptrend broken. Is heading to the uptrend line from Jan 2022, and I think it can break it down. I'm already short in Dollar against AUD and GBP and I have been adding. And I will add even more. To make it even worst for the Dollar the index broke down the uptrend with a HS. I don't need another trade to close out the year. This is the one, all in. I won't close my positions until it reaches my target. Shortby ArturoL3
DXY ( SHORT PRESSURE ) ( D )DXY Tendency the price is under bearish pressure 104.853 Turning level : The turning level at 104.853,so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 104.853 , the price will rise to 105,530, as long as the price stabilize this level , there will be reach 106.322 support level : The trading stabilizing below 104.853 , the price will reach the support level of103.436 and 102.429 , and under this level it will reach 101.340 corrective level : price will attempt 104.853 , correct itself before falling Shortby ArinaKarayi3
DXY Thursday 6 June Initial Jobless claims This is going off the basis of a bearish reading in Initial Jobless Claims. If it’s bullish it could reverse at the daily volume imbalance. If it’s bullish it will push through it and take sell-side liquidity. Shortby joeljohnrussellUpdated 4
US DOLLAR INDEX (DXY): Waiting For Breakout to SellThe Dollar Index is currently on a downward trajectory and is challenging a crucial support level. Upon testing this support, a bearish flag pattern emerged, resulting in the support line being breached and indicating a bearish inclination. A breach below this support level would signify a strong indication for more downward movement. This would be confirmed by a 4-hour candle closing below 104.00, suggesting a possible extension of the bearish trend towards 103.60.Shortby linofx1226
Levels discussed on 5th June Livestream 5th June DXY: Could range between 104 and 104.30, Looking to break 104.40 for further upside to 104.80 NZDUSD: Sell 0.6170 SL 20 TP 40 AUDUSD: Sell 0.6630 SL 15 TP 35 USDJPY: Buy 156.60 SL 30 TP 80 GBPUSD: Looking for reaction at 1.2820 EURUSD: Test and reject resistance, Sell 1.0875 SL 20 TP 40 USDCHF: Buy 0.8935 SL 20 TP 75 USDCAD: Buy 1.3690 SL 20 TP 90 (BoC Rate decision pending) Gold: Below 2328 could trade down to 2318by JinDao_Tai6
DXY Will Go Higher From Support! Long! Here is our detailed technical review 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 103.851. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.925 level soon. 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!Longby SignalProviderUpdated 116
US Dollar IndexWe are anticipating a sweep of the 104.363 level in the upcoming week leading up to the break of 105.753 and from there we will see a pullback into our reclaimed order block at 105.261. More updates to follow Longby Anele_888Updated 8
DXY Flagging Down 103 Soon?!Here I have DXY on the 4Hr Chart! Price has been in quite a Downtrend since the High @ 106.517 and now with the appearance of what seems to be a BEARISH BREAK of an ASCENDING CHANNEL which if we get a VALID BREAK and CLOSE out of this Channel .. This is signs of a Strong Continuation pattern, the BEAR FLAG! The Big Push behind this weakness comes in with the disappointing ISM Manufacturing PMI's showing quite a bit of Contraction! Final ISM Manufacturing PMI - 51.3 Actual v 50.9 Forecast ISM Manufacturing PMI - 48.7 Actual v 49.8 Forecast ISM Manufacturing Prices - 57 Actual v 60 Forecast *To Validate this Pattern, we need to see a STRONG CLOSE outside with a SOFT RETEST of the Break!Shortby Novi_FibonacciUpdated 228
DXY preparing gor bullish move for the month of juneThe USD is retracing to the trend line and then go bullish I'm strong move, wait for it at 103.141Longby Olumine6
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
$DXY going higher!I expected TVC:DXY to dive to 97 before this because I didn't think the BOJ could hold on this long. I guess we need the dollar to go higher to make the BOJ to dump treasuries so the FED can cut rates and metals can hyperinflate. TVC:DXY is bull-flagging and TTM squeeze is ready on EVERY TM! That means a huge slam for gold is coming up...Longby EmptyEternityUpdated 2
DXY SETUPExpecting the market to move as noted. Using SMC and price action makes it easy to understand the marketby LetsgototokyoUpdated 111
DXY Index 20 May 2024DXY Index Analysis Week - 20 May 2024 Daily - Range Cloud (D) - Within Cloud Weekly - Range Cloud (W) - Above Cloud Mid Term - Range _________________________________________________________________________________ Apr/May Central Bank meeting: ECB - Neutral BOJ - Dovish FED - Neutral BOE - Bearish Vote, Neutral Fwd Guidance / Mixed RBA - Neutral / Mixed BOC - Neutral (Refer USD for Direction) _________________________________________________________________________________ Comments Staying neutral while waiting for new price development _________________________________________________________________________________ Risk Disclaimer All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice. This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further. The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself. Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day. by TY-TradingUpdated 4
DXY - still longhi. i will add more and last long postion from this area . because i keep my strategy Longby KronFX7
Potential gartley pattern DXY Dxy currently expanding into the 4th leg of the macro bearish Elliot wave Looking for distro within the green lines then retrace down for the last drop down to the 5th leg Elliot wave combined with harmonics perspective Dxy expansion means Usdxxx pairs are bullish Xxxusd pairs are bearish (yes that includes crypto ;) Then once dxy makes the lower high it will start to retrace meaning Usdxxx pairs will be bearish Xxxusd pairs will be bullish ( and yes that means crypto :)by Onlypips4xUpdated 112
DXY OUTLOOKLongterm Outlook on DXY. Expecting a weak dollar towards the end of the year. This is the technical view. On the fundamental sides, the data releases from the United States has continued to weaker on every release. Also, there is expected rate cut on the interest rate. Shortby L2EarnedUpdated 6
DXY: an indicator to forecast Bitcoin’s directionJust like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is gaining strength or value when compared to other assets and currencies. So, people/traders tend to hold the U.S. dollar instead of, say, Bitcoin. And when DXY goes down, that means the U.S. dollar is depreciating in value, so people/traders tend to hold other assets like Bitcoin or Gold.by SaeedSalehiniaUpdated 3