dxy The dollar index is now in the daily rejection block, I expect a correction to at least 104.886 and then rise again to 105.600.Shortby sepidehsky1
DXY IndexPair : DXY Index Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure Demand Zone Fibonacci Level - 50.00% / 61.80% Bearish Channel in Long Time Frameby ForexDetective2
SUPPORT AND RESISTANCE / SMC In this analysis we are focusing on 4H time frame for DXY. Currently price is moving near the support area. Now we look how market price will react in this support area. I'm looking a potential buy today, on the top of the chart we have unmitigated bearish OB. let's delve deeper into these levels and potential out comes. This is just my prediction before any confirmation we can not execute our trade.Longby TradeTacticsrealUpdated 4
US DOLLAR INDEX The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap. this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday. if this momentum continues it will be a fall for xauusd. more clear cut analysis will be posted soon . but please post your comments which will be helpful to understand what the crowd thinks and thus understand market sentiments. LIKE BOOST FOLLOW USLongby realmillionairefx4
idea on a chartWe have a great trend that id forming lets wait and see where the chart takes us. Next week looks great for trades.by EZIO-FX1
DXY H4Let's break down the analysis of the DXY (US Dollar Index) 4-hour chart step by step. ### Key Levels and Trends: 1. **Support and Resistance Levels**: - **Resistance Levels**: - 106.170: This is a significant resistance level marked by the uppermost black line. - 105.383: Another resistance level, indicated by the middle black line. - **Support Levels**: - 103.633: This is a crucial support level, highlighted by the lower red line. - 102.717: Another key support level, indicated by the lower black line. - 101.476: A major support level represented by the lowest red line. 2. **Current Price**: - The current price is 104.558, which is marked slightly above the middle of the chart. 3. **Potential Scenarios**: - **Bullish Scenario**: - If the price breaks above the 104.772 resistance level, it could move upwards towards 105.383. - A sustained break above 105.383 could push the price further up to 106.170. - **Bearish Scenario**: - If the price breaks below the 103.633 support level, it could decline towards 102.717. - A break below 102.717 would be significant and could lead to a further drop towards 101.476. 4. **Price Channels**: - The price has been moving within a descending channel, which is marked by the two diagonal lines. - The upper diagonal line acts as dynamic resistance, while the lower diagonal line acts as dynamic support. 5. **Price Action Analysis**: - The price has been consolidating within the range of 103.633 and 104.772, indicating a potential accumulation phase before a breakout. - There have been previous instances where the price tested these levels, showing their importance. 6. **Arrows and Possible Movements**: - The upward arrows indicate potential bullish movements if the resistance levels are broken. - The downward arrows show potential bearish movements if the support levels are broken. ### Summary: - **Bullish Potential**: A break and close above 104.772 could trigger a move towards 105.383 and possibly 106.170 if the bullish momentum continues. - **Bearish Potential**: A break and close below 103.633 could open the door to 102.717, with further downside potential towards 101.476 if bearish momentum persists. ### Conclusion: Traders should closely monitor the key levels of 104.772 and 103.633 for potential breakouts. A move above 104.772 could signal bullish momentum, while a move below 103.633 could indicate bearish pressure. The price channels and the current consolidation phase suggest that a significant move might be on the horizon once these levels are decisively broken.by Sibonginkosi_Sithole-Job31
US CPI and FOMC to boost the DXYThe DXY caught support off of the red support range on the 50% Fibo retracement level at 103.97. A stronger or in line with expectations US CPI this week coupled with the Fed maintaining the federal funds rate at 5.50% will allow the DXY to break above the 50-day MA rate of 105.09 and move higher towards the first resistance level of 105.96. Over the longer term a move towards 107.5 is still firmly on the cards. The Bank of Canada and the European Central Bank (ECB) were the first G7 central banks to diverge from the US Federal reserve after they both cut interest rates by 25 basis points this week. The decision from the ECB came as no surprise to the market off the back of what the ECB described as a logical step due to retreating inflation across the 20-nation euro zone. The dollar index remained relatively muted off the back of the decision however the dollar surged against the major currencies following the stronger than expected US non-farm payroll print of 272 thousand in May, up from 165 thousand in April. The Fed will deliver their interest rate decision this week and market consensus is for the Fed to keep rates unchanged at 5.50%. The divergence between the Fed and the other major central banks is dollar positive and it further illustrates that the US economy is able to stomach the high interest rate environment while the other majoring economies have started to buckle. The Fed’s rate decision and FOMC statement will thus take center stage this week but the latest US CPI figures for the month of May will also be released along with the US 10-year and 30-year bond auctions. Longby Goose962
DXY Weekly analysisThis is the Expected move on DXY this week I'm expecting it to fall on our FVG or -OBShortby GoldenB551
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
R2F Weekly Analysis - 8th June 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! We had a big displacement to the upside on the DXY, causing many diametrically opposed assets/markets to fall hard, closing the week near their lows. As mentioned, I was waiting to see if we found support at the current monthly iFVG/OB. My only concern for us breaking lower on the DXY is the relative equal lows below, but if we did I believe it would be a fast one and recover back to the upside. My analysis is still fixed on a bullish scenario for the DXY, so i'm waiting for more confirms in the for of less bearish arguments and more bullish arguments to form. - R2F16:52by Road_2_Funded3
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
Potential bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance which is an overlap resistance. Pivot: 103.998 1st Support: 103.698 1st Resistance: 104.416 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Longby ICmarkets6
US Dollar Support Test - Descending Triangle - NFP, FOMCThe US Dollar has been pulling back since May 1st, which was the last FOMC rate decision. The Fed sounded dovish there and that led to a sizable pullback. But it was the data in the month of May that really seemed to help sellers. The NFP report on the 3rd was the first NFP report with the headline number printing below expectations since November. And then the CPI report on May 15th showed Core CPI at a fresh three-year-low, further giving hope that rate cuts may be on the horizon from the FOMC. The USD has been testing support between April and May swing lows and that zone has so far brought smaller bounces, leading to the build of a bearish trendline. Together, that makes for a descending triangle formation, which is often approached with aim of bearish breakouts. The low has to be taken out to trigger the formation, however, and that remains the point of emphasis as we approach Non-farm Payrolls tomorrow and the FOMC rate decision next Wednesday. - JS by FOREXcom5
Usd wycoft spring Usd right now is undervalued. Usa is working on repairs of it's American hardwork culture. My bias is bullish Usd. There is no better system that exists so far right now. All that is left is a push to the moon. I do hope to see Usa awakening from the woke mind virus.Longby LittleSovi2
Levels discussed during livestream 6th June6th June DXY: Look for DXY to climb to 104.45 before ECB decision, break 104.45 could trade up to 104.75 - 105 NZDUSD: Sell 0.6195 SL 25 TP 55 AUDUSD: Sell 0.6625 SL 15 TP 30 USDJPY: Buy 156.65 SL 30 TP 130 (Hesitation at 157.40) GBPUSD: Sell 1.2750 SL 20 TP 60 EURUSD: Sell 1.0860 SL 20 TP 70 (ECB Rates Decision) USDCHF: Sell 0.88808 SL 30 TP 70 USDCAD: Buy 1.3725 SL 20 TP 55 Gold: Look for bounce at 2352 or 2338by JinDao_Tai7
DXY BEARISH DXY 1W: has broken below both the ascending support line and the EMA21, which are significant bearish signals. The MACD has shown a bearish crossover, indicating further potential downside. These factors combined suggest a bearish outlook for the U.S. Dollar Index. But we'll have to wait for a weekly close for confirmation.Shortby DigitalMarkets1
DXY is going to 120All market will collapse during 2024 #DXY TVC:DXY sitting at support and preparing big move to the upside Whoever thinks such a big trend like dxy from 90 to 114 ends with only move up, better think twice #DXY TVC:DXY to 120 #GOLD TO 1500$ or LOWER #Silver to 14/10$ #BITCOIN TO 0 #SP500 TO 2000/1800 #EURUSD TO 0.90 #GBPUSD TO 1.00 ALL this will happen during 2024Longby fernandoc17Updated 141456
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 Outlook (06-06-2024)DXY Dollar index has been consistently forming LL-LH on MTF as it approached internal protected/strong HL. we indeed expected that POI to be respected but judging from the momentum on HTF (like daily>) there's less chances of it being respected compared to it being broken so we do expect market to stay intact with shorts after the recent BOS. We can now look into HTF to see future prices for dollar index like your weekly>Monthly timeframes. Shortby Ocean981
Dollar Index Short Term Sell IdeaH4 - Strong bearish momentum Uptrend line breakout Lower lows Until the strong resistance zone holds I expect the price to move lower further after pullbacks.Shortby VladimirRibakov2
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
DXY BEARISH BREAKOUT|SHORT| ✅DXY broke the rising Support line and the breakout Is confirmed so we are bearish Biased and we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx228