DXY Long to DOLWe have now a 4hr BOS after tapping into a 1hr demand zone, I expect price to now rally up to 104.950 area. Combine this price action with EUR/USD I'm bearish on EUR/USDLongby RapidSandUpdated 1
DOLLAR_INDX H4 3 April 2024💵 DOLLAR_INDX, H4 💵 3 April 2024 The Dollar Index dipped marginally following the release of a disappointing jobs report, with US JOLTs Jobs Opening figures falling slightly short of market expectations at 8.756 million compared to the anticipated 8.760 million. Nevertheless, the dollar's long-term outlook remains bullish, underpinned by strengthening US Treasury yields and expectations of a prolonged period of high interest rates by the Federal Reserve. The Dollar Index is trading lower following the prior retracement from the resistance level. Suggesting the index might extend its losses toward support level. Resistance level: 104.95, 105.40📉 Support level:104.60, 104.00📈Shortby top_fx0
Levels discussed on 3rd April LivestreamApril 3rd DXY: Bouncing off 104.70 (61.8), could retest 105.10. Needs to stay above 104.60-104.50 to be bullish NZDUSD: Sell 0.5940 SL 20 TP 70 (Hesitation at 0.59: 40pip) AUDUSD: Sell 0.6505 SL 20 TP 60 (hesitation at 0.6482) USDJPY: Upside potential (brief), look out for correction to downside GBPUSD: Sell 1.2530 SL 20 TP 80 (Hesitation at 1.25) EURUSD: Sell 1.0755 SL 30 TP 90 (hesitation at 1.07) USDCHF: CounterTrend, Rejection of Resistance, Sell 0.91 SL 20 TP 40 USDCAD: Looking for reaction at 1.3620 resistance Gold: Retrace to 2260, reject to bounce back to 2290by JinDao_Tai8
DXY Bullish ContinuationIn the current financial climate, characterized by burgeoning geopolitical tensions, the U.S. Dollar Index (DXY) presents a compelling narrative of resilience and potential growth. The chart we've analyzed not only reflects past performance but also subtly hints at a future trajectory that astute investors may capitalize on. Analysis and Projections: Upon examination of the DXY's charted performance, a discernible pattern of upward momentum emerges. For those poised to leverage such trends, the identified support levels offer a strategic entry point that harmonizes with a broader narrative of dollar fortitude. As the global stage bristles with political uncertainties, the greenback's ascent seems not only plausible but probable, buoyed by its storied reputation as the world's financial bulwark. The chart, with its clear delineation of prospective zones of interest, beckons the strategic placement of bids. These levels, meticulously chosen based on historical data and current market dynamics, are more than mere numbers; they represent the confluence of opportunity and calculated risk. Risk Considerations: In acknowledging the risk factors inherent to currency trading—accentuated by geopolitical flux—it becomes evident that a robust strategy is paramount. The dollar's anticipated strength, while rooted in sound economic theory, must be approached with an eye for both risk management and potential reward. Strategic Outlook: In the forthcoming months, as geopolitical narratives unfold and the market's temperature rises, the dollar's might is forecasted to shine through the murk of uncertainty. This assertion is grounded in the currency's long-held status as a safe haven—an asset to which investors gravitate when the future seems fraught with risk. Recommendation: For investors seeking to fortify their portfolios with a currency that historically weathers global storms, the U.S. dollar, as suggested by the DXY chart, stands out as a beacon of stability. The projected paths on our charts are more than mere predictions—they are a clarion call to action for the forward-thinking investor. We urge market participants to consider the U.S. Dollar Index as a key component of a diversified investment strategy, especially in times when caution is the watchword and stability the most sought-after commodity. Now is the time to look to the horizon and position oneself advantageously within the currency markets, and the DXY offers a roadmap to navigate these turbulent financial seas. Not Financial Advice. Educational only.Longby liquidityengineer3
Check the trend A correction is expected to form up to the specified support area, then there is a possibility of a trend reversal and a continuation of the upward trend is likely. If the index corrects up to the green support range, the correction process will continue and more time will be lost. If the strong green range is broken, it will cause a downward trend. Shortby STPFOREX1
DXY Will Grow! Long! Take a look at our analysis for DXY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 104.542. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 104.862 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 114
A brief hiatus ... An expanding leading diagonalIn my previous analysis on DXY, I was contemplating if DXY is forming a leading diagonal or a (1)(2), i, ii setup ... Based on the wave count since then, an impulsive wave has formed since then. To be exact, an impulsive wave with a third wave extension and a contracting triangle as fourth wave, can be counted as the fifth wave of an expanding leading diagonal. In the depicted chart, we can summarise the expanding leading diagonal as follow, a leading diagonal as wave 1, an impulsive wave with a fifth wave extension as wave 3, and an impulsive wave with a third wave extension as wave 5. We have observed the retracement unfolding now, a target price of the retracement should be in the 103.8 to 104 region, a retracement between 61.8 and 50% of the expanding diagonal, before heading up north again.by brown_maverick112
GOLD DXY Follow upPossible retracement on dxy next couple weeks so big moves possible on GoldLongby Cb98_0
Long Term DXY Sell?Retest of a DXY Low? (Inverted dxy chart) - Swept a low within a Monthly FVG. Gold obviously wanting high's... (unless it's TS & dxy continues higher)Longby Cb98_0
DXY is minor ranging here(4/2/2024)In our last analysis, we had anticipated a bullish move in DXY. Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a minor correction /range in DXY. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)by fortunamarkets2
Forex Majors Test Key LevelsThe US dollar has shown signs of strength in recent trading sessions, buoyed by encouraging developments in the US manufacturing sector. Specifically, the dollar's rise comes on the heels of news that the US manufacturing industry expanded in March for the first time since September 2022. The resurgence in US manufacturing is particularly significant given its substantial contribution to the overall economy, accounting for 10.4% of GDP. The end of 16 consecutive months of contraction in manufacturing activity underscores a shift in trajectory, potentially signalling broader economic recovery. Monday's momentum in manufacturing, coupled with Friday's report of easing US prices, has prompted a recalibration of market expectations regarding a potential rate cut in June. This adjustment has propelled the greenback to key levels against several major currency counterparts, reflecting renewed confidence in the US economic outlook. EUR/USD EUR/USD has descended towards a critical support zone, which has been established by the swing lows of December 2023 and February 2024. This support zone aligns with the 61.8% Fibonacci retracement level of the rally observed between October and December 2023. If the market shapes a bullish reversal pattern, such as a double bottom formation, a bullish engulfing candlestick pattern, or a fakeout candle where the market breaches the support level momentarily before rebounding above it, potential buying opportunities may emerge for traders focusing on reversals. EUR/USD Daily Candle Chart Past performance is not a reliable indicator of future results GBP/USD GBP/USD’s market structure has been rangebound since mid-December 2023. Having failed to break above the top of the range in March, GBP/USD has retreated towards the bottom of the range – creating a potential buying opportunity for reversal traders looking to play the range. GBP/USD Daily Candle Chart Past performance is not a reliable indicator of future results USD/JPY Among major forex pairs, USD/JPY stands out significantly as the pair approaches levels not witnessed since 1990. This critical resistance level potentially signals a trigger for intervention by the Bank of Japan. Finance Minister Shunichi Suzuki and top currency official Masato Kanda have recently reiterated the government's readiness to implement decisive measures to tackle excessive currency fluctuations. As USD/JPY hovers below this pivotal threshold, traders must consider the heightened risks linked to substantial volatility when central banks intervene in the market. USD/JPY Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom1
DXY Will Grow! Long! Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 104.519. The above observations make me that the market will inevitably achieve 105.518 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
[DXY] bullish- huge bullish divergences - golden cross (weekly MA) - double bottom (daily TF) Longby Bitcoin_WeatherUpdated 229
Will the DXY rally continue? See my projection...I anticipate the greenback to continue its momentum to the upside as more data is released in its favour, so i will be looking for sell entries on USD backed pairs this week/ next week. what do you think will happen?Longby TheBearishTrader2
Reversal Area for DollarI believe this can be a area to sell Dollar. Major Resistance Area for: Seasonal Bias Weekly Bearish Orderblock hit Premium in 20-40-60 days Highs Just taken Tuesday High Shortby OutlierTrading0
Analysis on DXY Hi folks, it's my analysis on DXY , as you can see on chart DXY is strongly on bullish bias so my next target is 105/5 level. Be safe👊Longby somayehbasiri110
DXYthis is my initial view on dxy i dont know it will work or not but my gut says it must workShortby Bishnu_Newar0
DXY AB=CD Pattern Daily Chart - Buy Dips in AprilDXY Daily Chart Potential AB = CD Pattern Buy Dips with 103.9 SL with potential target of 106.5. Big Potential short in play at 106.5 Longby wasiheider441
why i say that btc will go down?why i say that btc will go down, 1. Many analysts say that there will be a correction 2. I see that many liquidation maps open long positions. 3. upward strengthening of DXYby josephsupriadi860
DXY: Bullish to 105.0- Price swept the liquidity below 102.700 forming a full retest at 102.0 demand zone also rebalancing the gab at 102.600. - Strong bullish closure with last PPI news lifting behind fair value gab (Strong Bullish). * We may see a rebalance with market opening to FVG targeting the first high at 104.300 and 105.0 as an. extreme target.Longby Sphinx_TradingUpdated 4445
Looks Bullish to MeThis weekly candle can be the death of crypto as we know it. Major correction, dxy could pump causing crypto to dump. It's alot of red news this month that can send dxy to the mf sky and crypto to the floor. Let's see if dxy continues its uptrend. Sheesh .. 106.952 SMASH, JP ain't playing Longby AXXUMULATIONINC0
DXY BULLISH! BACK TO 105Check previous idea from the bottom projecting DXY back to 102. This is looking good and the upwards targets are now 105.5 range near at the current yearly high. The 101.5 resistance was blasted through and the initial arrow up is playing out as a trend line nicely. Once the next level around 102 hits the last level gained needs to hold on a retrace for continuation. Daily closures over the 102 level on the DXY will send this to the next target with reactions at the levels in between.Longby vregrdedtrdrUpdated 4414