Dollar Index EoM Review104.487 weekly orderblock is under attack! Will respect be given? Buystops in question: 105.742 Sellstops in question: 104.08014:28by LegendSinceUpdated 0
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
DXYThis index may go up, the arguments are here: Advantages Uptrend channel Wave 2 (ABC) completed, maybe the market will start a wave 3 of 5 if my count is correct The price exceeds 0.38 fibo since September 2023 and this year Price makes higher highs and lower highs The RSI and Stoch show me oversold on a daily and weekly time frame. If the ECB lowers interest rates tomorrow and the FED does not make changes to its policy, I can speculate on this Cons The COT does not show me a convergence between Hedge Funds and Institutional Funds, I need confirmation for this data. For an invalidation price, if the price closes below 104 I think the dollar should go down against all currencies. NOT A FINANCIAL ADVICE Longby Manzanex0
DXY Dollar Index Potential ShortHi Traders. 1.Bearish Impulse 2.HnS Pattern 3.LTF Bearish Impulse 4.Ascending Channel 5.Break Out from Ascending channel and STF Bearish correction We see a clear break out from the ascending channel following with a STF Bearish Flag. Today is the ECB interest rate Decision. The EUR/USD Pair is weighted with 60% in the dollar Index. That decision can give the impulse out of the Bearish flag. When we see a breakout from the STF bearish flag we can expect more Dollar weakness. Shortby ltdcrack880
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
DXY - update 5/6/2024Getting weaker and weaker. First wave down (left chart) was in three waves, therefore I assume a leading diagonal. Lower time frame - a nice flag confirming the downsideShortby Alpha_Mind0
DXY Daily Bullish IdeaMy view on the daily time frame for DXY - overall bullish to go with the weekly analysis. We've had 4 BOS to the upside on the substructure and currently in the pullback phase and has reacted to the extreme of the demand zone on daily time frame, so we could potentially see the shift into bullishness on the LTFLongby hoiyanxo0
my taught, my tradeso been looking at DXY form a very good support to demand for supply .Longby sompa0
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
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
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
Dollar Index: Sell-On-Rally Scenario?According to the US Dollar Index, the US dollar recently elbowed south of its 200-day simple moving average (SMA) at 104.43. This follows a rejection of resistance from 105.04 on the daily chart, which, as you can see, shares chart space with the 50-day SMA at 105.08. Early Downtrend Regarding trend studies, an early sign of a downtrend is seen through the handful of lower lows and lower highs formed after reaching a high of 106.52. Further supporting the downside bias is the Relative Strength Index (RSI) holding south of the 50.00 centreline (indicating average losses exceed average gains). Chart pattern enthusiasts may have also recognised the recently completed bearish pennant pattern, drawn from between 104.08 and 105.11. Price Closing in on Retesting the Lower Side of Resistance Although price action printed a moderate recovery yesterday, today’s movement shows price attempting to extend recovery gains. This could be sufficient to draw the Index back to the underside of the 200-day SMA and the lower boundary of the breached bearish pennant pattern’s structure, which may offer sellers enough resistance to fade. So, with everything on show, bears still appear to be in the driving seat ahead of today’s US ADP non-farm employment change report and the US ISM services data. Shortby FPMarkets0
dxy 4HFor the dollar index, I predict a slight rise first, then a return to the bearish range, and then a further rise Longby sepidehsky2
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
possibility of correction It is expected that the corrective trend will end in the specified resistance range and the continuation of the downward trend will be formedShortby STPFOREX1
DXY TRI MONTHLY CHART -- A LONG JOURNEY OF WEAKNESS.The chart should speak for itself. DXY long term view (tri-monthly data) is conveying shifting trend on the dollar index -- to the downside. Expect more long term correction, as this time frame don't change mind too often. Spotted at 102.25 TAYOR. safeguard capital always. Shortby JSALUpdated 1
DXY LongNot greatly motivated to give an explanation, due diligence when making a trade, not financial advice. I don't trade DXY, it's correlation purposes to EU I do trade, as always, Not financial advice. Use my analysis to make a personal bias to the market.Longby PepeJTheTrader0
USD DXY Index versus Gold Bull MarketThe USD DXY peaked in Sept 2022, the Gold low was $1643 that year. If Gold goes higher for the remainder of this decade, how low will the USD DXY Go? What will the multiple Gold get from $1643 for this Gold Bull Market if it continues? 5X, 10x or more? Will this be Wave 5 of Elliot Wave Theory?by FinancialLiberties0
DXY - Scenario 2DXY - Scenario 2 if the market gives us small correction to upside one more fall will come. V.RaguShortby Ragunath-London2
DXY - Scenario 1DXY - Scenario 1 I'm expecting one more fall and push-up. too volatility week this week be careful and trade with care. V.RaguLongby Ragunath-London1
Cycle and Sine - DXY, US10Y, and the S&PIf this cycle has had strong consistency in with the peaks and troughs in the US dollar index DXY, US treasury rate and price, and the S&P. The cycle uses the 2020 lows for DXY and a sine wave drawn between the August 2021 high for US10Y rates and the May 2022 low for US10Y rates. A Fib time zone is also drawn between the 2020 lows for DXY and zones 8 and 13 aligned with pivots in the S&P. The next cycle low is the 3rd week of June and we can see DXY and US10Y rates trending lower into that timeframe, while US10Y bond prices are starting to fall. This is typically bullish for equities. The next Fib zone is August 2025. TVC:DXY TVC:US10 TVC:US10Y SP:SPX Longby Ben_1148x20
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