dxy is getting beairsh again 💀 boost and follow for more❤️🔥 a recent fake out breakout past resistance zone, now sitting at a trend support.. I wont be surprised to see it slice through trend support and head down to 97-100 targets in the next few weeks or so 🎯Shortby Vibranium_CapitalUpdated 2219
DXY TargetLooking for potential bullish scrnario on Dxy it might or might not go to that tp but i am sure we will get a good amount of trades from that zone on lower timrframeLongby ronath331
Gold to the moon? Maybe not yet...My bias is honestly, Gold to the moon...always.. :) At the present moment though I feel as If my technicals tell me the ONLY entry I should be looking for is a Sell..... I dont bracket my trades so heres the entry... Should price action change before 11 am Ill make adjustmentsShortby ghostofwallst_Updated 1
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
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 - still longhi. i will add more and last long postion from this area . because i keep my strategy Longby KronFX7
Levels discussed on 4th June Livestream4th June DXY: Could have found support at 104, retracing to around 104.20, looking for more downside below 104 could reach 103.60 NZDUSD: Buy 0.6195 SL 20 TP 60 (Hesitation at 0.6220) AUDUSD: Sell 0.6640 SL 20 TP 45 USDJPY: Sell 155 SL 30 TP 115 GBPUSD: Sell 1.2760 SL 20 TP 50 EURUSD: Looking for reaction between 1.0870 and 1.08905 USDCHF: Look for reaction at 0.8895 support USDCAD: Buy 1.3680 SL 20 TP 45 Gold: Below 2340 could trade down to 2320by JinDao_Tai4
Dollar Index (DXY): Time For Pullback?! Dollar Index looks quite oversold after a yesterday's bearish movement. The price reached a key horizontal support and formed a double bottom pattern on that. I think that we may see a pullback today at least to 103.9 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader3310
DXYDXY / USD Dollar, 1h Timeframe, according to technical analysis my opinion is that price will go to the down side to take Sell Side / Daily Draw on LiquidityShortby andy4444_1
#DXY #USD #Dollar The DXY index is currently supported in the range of 104, which aligns with smart money strategies. The support at 104 is considered a fake support, while the main support and primary buying range for smart money are in the range of 103.500. This range represents the main order block for the beginning of an upward wave. Based on this analysis, we expect the price to reach this key support zone on Tuesday and Wednesday, after which we anticipate a growth phase to begin.by saminsalehi851
Dollar is bearish from H4 breaker and IFVGI see the price coming down after taking PWH, which closed below FVG and turned to IFVG and the H4 breaker is at a strong level too. Friday's high is a nice level to be breached for shorts Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Shortby Dave-FX-HunterUpdated 9
dollar Index to fall towards 101, 100Dollar index has been weak on recent weeks and this move is likely to continue. I expect XETR:DAX to continue falling towards it's previous support and resistance levels at around 102, 101 then 100 If this move happens then it is good news for pairs like FX:EURUSD and FX:GBPUSD as they are all set to drift north. Fundamentally news have been against the dollar recently. On monday 3rd we had US ISM Manufacturing figures which came lower than expected. Today 4thmay24 their is JOLTS Job opening report which is also expected to be lower and this will be a negative driver for $dax. Always do your own research before pulling and shots . Use a hard stop loss and good luck. Check my socials and follow for updates Shortby alonso7800
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
Chart Idea - DXYDXY weekly chart looks too bullish which is very bad to the markets. Looking for short swing positions on QQQ and ES. DXY probably looking to hit 107+ range before retracing it back in next few weeks.Longby smwajeehUpdated 0
Bullish DXYMonthly: 1. Direction: Bullish 2. Reasons: 1. Price is coming to discount. 2. A good Displacement Weekly: 1. Direction: Bullish 2. Reasons: 1. Price is reaching towards weekly FVG 2. No FVG formed in bearish move 3. Price is moving from ERL to IRL Daily: 1. Direction: Bullish 2. Reasons: 1. Price is going for weekly FVG 2. Price is coming in discount area 4H: 1. Direction: Bearish 2. Reasons: 1. FVG 2. BOS with displacement Longby tradermebiali3
Dollar LongI expect dollar strength coming in the the area highlighted but if we see further dollar weakness I prefer nzdusd longs. We need a risk event catalyst to take this trade to the long side. If we see unemployment rising then that could be a green light for dollar strength. Until AUDJPY, NZDUSD, GBPJPY, Nasdaq 100, and Silver is on my watch list. Have a great week! :)Longby Vitezabraham2
DXY AT MAJOR LEVEL ON DAILY DXY has completed AB=CD, currently at retracement level of 61.8% of CD leg.by Theforexrun0
DXY monthly Price analysis 3 June 2024Monthly Chart: The price has rejected from the monthly OB then, It created a M-MSS. Now month of June the price has goin bellow the TMO before the NFP week. So we could anticipate that rest of the month the price will go upward. Monthly Bias: Bullish Weekly Chart: The price is going down towards the PML W-SSL. There are W-FVG along with W-BPR & W-OB which might work as a resistance. If we have any H4-MSS+ after the NFP news events from those W-PDA's then our weekly Bullish Bias will be confirmed. Longby Trader_PKR0
DXY Monday 3rd JuneFollowing Bond buyback programme started on 29th May alongside weaker ISM news supported DXY idea from Sunday. This is the importance of preparing weekly outlooks so you know what you're looking out for. Shortby joeljohnrussell0
The Dollar Remains On TrackThe dollar is right on its projected path as expected. Inflation has prevented the Fed from lowering rates at least once. Can we expect a rate drop before the end of the year? My guess is that even with a bit of inflation showing the Fed will drop rates at least once. There are several reasons for my conclusion here not least of which are weakening economic indications which are too numerous to list for the purposes of this post but some of which are the collapsing car market, cc default rates exploding, commercial real estate vacancies still increasing, and many other factors and lead indicators. There is also the fact that the Fed was initially expected to drop rates 3 times in 2024. Failing to drop at least once before the end of the year would have psychological ramifications on the market that potentially could be disastrous. And finally, there is the fun fact that historically the Fed has always adjusted rates in an election year. There is only one exception to this rule …2012. Based upon this statistic alone we can see that the probability of a rate adjustment this year is high. And we know that if there is an adjustment, it will almost certainly be to the downside as that is what has been expected all along. Any anomaly to expectations would cause chaos and catastrophe in the markets. All this being said we can then continue to expect the dollar to travel its expected pathway …down. 103.5 is the next support. Below that is that pink ascending trendline around 102 and rising.Shortby stewdamus1
DXY, D1Dxy, price didn't break the price above while is going down and break the green line. Looking for a drop in this week.Shortby chinghola1