DXY INDEXPair : DXY INDEX Description : Head and Shoulder as an Correction in Short Time Frame Break of Structure and Retracement RSI - Divergence Completed " 12345 " Impulsive Waves and " AB " Corrective Waves by ForexDetective3
DXY analysis updateWe are approaching last weeks Friday low of the day. In my last posts I mentioned that highs and lows of the day/week are important liquidity points. As we approach this Friday low I’m look for price to come back above and disrespect a lower timeframe bearishFVG. The false break along with disrespect of a bearish FVG supports a bullish narrative. ***KEY TAKEAWAY*** LOTD is a sweep of liquidity and disrespect of bearish FVG invalidates a bearish bias pushing us towards bullish narratives. ***DISCLAIMER*** This is in no way, shape or form financial advice, only my current outlook on price action Longby kamaricolmn0
DXY Is Bullish! 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 103.996. The above observations make me that the market will inevitably achieve 104.861 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 114
DXY SHORTHi traders, we have a beautiful bearish structure developing on the $ and it will be a great one to take advantage of. Currently I'm just waiting for price to give a clear structure shift to look for long term shorts Don't rush into impulsive trades, wait for price to come at significant/psychological level in order to execute and be patient. Follow me for more weekly predictions and hit the thumbs up button, comment and share! Shortby Nas100_dax1
Planning for the week ahead Week of the 8th April (H4) DXY: Consolidating, could test abit higher, (possible H&S) before trading lower to 104 round number, below that, could get to 103.70 NZDUSD: Sell 0.6030 SL 30 TP 70 AUDUSD: Buy 0.6660 SL 30 TP 80 USDJPY: Approaching 152 resistance, could scalp upward carefully!!! Sell 151.70 SL 30 TP 80 GBPUSD: Buy 1.27 SL 40 TP 95 EURUSD: Look for reaction at 1.0880, Breaks through, Buy 1.0895 SL 30 TP 80 USDCHF: Buy 0.9125 SL 40 TP 100 USDCAD: Rejection of resistance, Sell 1.3580 SL 35 TP 80 Gold: Possible retracement to 2300, then back up to 2350 and maybe 2400by JinDao_Tai8
#indexAccording to the counting of waves and fibos of the correction path, the status of the dollar index in daily time is predicted as follows. by drneowave0
Dollar DXY Cycles & TA: 4/7/24Somehow, the dollar is looking neutral and waiting for something before making it's next move....07:52by Majorcycles112
DXY long hereThere is a 0% chance 106.50 doesn't get touched in time; I like the daily candle and TL here. I will long this to 106.50 and add any chance I can to better my position. Longby TechknowLobster0
Check the trend According to the behavior of the index in the current support range, possible scenarios have been identified. If the price stabilizes above the current support range, the continuation of the upward trend is likely. by STPFOREX0
Expect to a powerful bullish trend on USD index Hi traders, We are watching a powerful ascending correction on usd-index or Dxy. So we will careful about CPI news this week and we could buy USD on 100.5-100 with the SL below the lowest price pf this week (2nd week of Jan2024) and our first target is 103-104. but main target is 108-109. We glad to see your opinion below this analysis. Be success.Longby takeprofitwithusUpdated 3
4/7/24 DXY analysis (continued) PT.2Now looking at the daily timeframe I have marked out levels of support as well as areas that further support a bullish bias. Let's go over them. - The grey boxes are daily bullish FVG that have been respected. - The first respect was on 3/21/24 and we saw a bounce in price to take out the daily FVG stop marked on the chart. - The price move that took out the FVG stop created a bullish FVG that was respected on 3/26/24. This bounce took us to a new high. - NFP news sent us lower again into that same Bullish FVG and we swept a weekly low *Weekly lows/ highs are important liquidity points. - We swept the weekly low BUT it was respected because of the bullish FVG. - This is further reason to continue to look for bullish scenarios for DXY. - Blue line is my personal target for DXY buys. - We also have a double top marked by two red arrows. This can be used as kind of a first target for buys. Once these highs are reached im looking for buys to accelerate. ***THIS IS NOT FINANCIAL ADVISE*** That being said im looking for a bullish DXYLongby kamaricolmn113
DXY has mooned - Exiting my long dollar positions. DXY has filled all my original target area given through early 2022 as far back as mid 2021. Filled all this area and then put in a big multiple 100 pips spike. These fill my exit condition. I am now out my USD longs. Might go long if we break highs. Might go short if we show weakness. Currently no USD trades on. It was a good run. by holeyprofitUpdated 5
DXY Bullish Idea (April 7th)Looking for a bullish week on dollar before the red folder news that hits Wednesday. Who knows what will happen even with predictions, lots of variables that can play into that decision and I plan on closing trades before midnight Wednesday. The Bishop RSI v2 that you see on this chart is not a standard RSI tool, I have made this one around intraday sessions and a fractal moving average formula I have been playing with. It takes 6 time frames into account when filtering its plot line (Daily, 4hr, 1hr, 30min, 15min, 5min) and this has given a really good early reversal indication by using divergence. I execute using the 15 minute chart usually and analyze from the 4 hour and below when using that divergence strategy. With this analysis in mind, I am looking more toward EUR/USD and XAU/USD for trades this week. Gold looks extended and correction needed in my opinion. Will update on the 10th. Longby mbfxtrading445
DXYWe looking for the dollar to pump to the upside as its still inside a bullish trend and its resecting the support zone|1 HR TIMEFRAMELongby officialpotego_fx116
Must-know events for the trading week Must-know events for the trading week The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data. Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari revealed that he had anticipated two interest rate cuts this year. However, he noted that if inflation remains sluggish, no cuts may be necessary. This outcome would really surprise the market, which is mostly still expecting three cuts, starting in June. Headline inflation is expected to rise for a second consecutive period to 3.4%, while the core rate is projected to decline to 3.7%, reaching its lowest level since April 2021. In Europe, all eyes will be on the European Central Bank's meeting, where current interest rates are anticipated to be maintained. The likelihood of future rate cuts will be assessed by the market at the same time. In Japan, investors will be monitoring potential intervention actions from the Bank of Japan to support the yen. Governor Kazuo Ueda will also be speaking during the week regarding the central bank's future steps. Meanwhile, the Reserve Bank of New Zealand is expected to leave the official cash rate unchanged at 5.5%. The RBNZ's latest forecast from February suggests that the OCR will remain steady until early to mid-2025, despite expressing increased confidence based on recent data. by BlackBull_Markets227
Week of 4/7/24 DXY preparing for continued BULLISHNESS PART 1!!!Im going to do a full analysis of DXY and my expectations for this week. I would like to start giving insight into my strategy and where im looking to enter and what price has prompted so on and so forth. There will be at least a few parts to this specific post as we need to look at the weekly and daily timeframe as well as potential lower timeframe entry points. - I have highlighted a weekly bearish FVG. I have noticed that it is better to judge market structure shifts based on disrespect of these gaps as they provide much more reliable basis for entering a trade. - Red line shows what price was reached that let me know that we disrespected a Bearish PD array. - Because of this disrespect I have my sights set on 106.006 as a Target for may buys on DXY. ***KEY TAKEAWAY*** Price has disrespected a higher timeframe FVG. Higher timeframe bearish invalidation equals bullish bias on DXY. This is the first part of my analysis for this week if you would like you can like the post and consider following to keep up with my win rate as well as why my reasoning is where it is. I will be more involved in this trading view community and hopefully I can help all who are touched by my analysis and thoughts. Stay tuned for the next part of this weeks analysis!!Longby kamaricolmn1