DXY Recover LossDXY Reovery I’m already asking in my old analysis DXY Will go up and recover lossLongby Kashif_chaudhary0
Levels discussed on 29th May livestream29th May DXY: Weakness. Break below 104.50 could trade down to 104 support, (hesitate at 104.20) NZDUSD: Buy 0.6150 SL 20 TP 35 AUDUSD: Buy 0.6680 SL 20 TP 45 USDJPY: Buy 156.80 SL 30 TP 60 GBPUSD: Buy 1.2770 SL 30 TP 50 EURUSD: Buy 1.0865 SL 25 TP 30 USDCHF: Buy 0.9160 SL 30 TP 65 USDCAD: Buy 1.3665 SL 30 TP 60 Gold: If price breaks 2345 could head lower to 2330by JinDao_Tai3
possibility of uptrend It is expected that the index will move according to the specified paths and then the beginning of the upward trend will be formed. The confirmation of the upward trend is the breaking of the resistance trend line. If the red support zone is broken, the continuation of the downward trend is likelyLongby STPFOREX2
DXY - Dollar Setup for Huge TumbleA Wave 3 down is just starting now and can move the dollar index down to 90. Continue loading up on commodities.Shortby AssetDesign0
Huge rejection at 71%, Does signal bullish for DXy.Dxy, rejected 71% today. Dxy didnt break my trend line as well. Does this means dxy is now bullish. I will wait and see. Everything flipped today. This does signal dxy wants to go north. Let me know what you think in the comments. Longby youngneil3
US DOLLAR INDEX(DXY): Bearish Outlook The Dollar Index is currently experiencing a downward trend on a global scale. After reaching a new low earlier this month. The market has begun a corrective movement within a bearish flag pattern. Yesterday, the price broke below its support and closed below it. It is likely that the pair will continue to drop and reach a new low soon. The target range is between 104.33 and 104.07.Shortby linofx17716
Can we hold the trend?Can the DXY hold the trendline or are we going to see a break down?by misternico0
#DXY T:F - DailyThe TVC:DXY (DOLLAR INDEX) on the 28th of May is dangerously close to testing an important Support Level at $103.7. TVC:DXY will also test 200 days EMA at $103.8. Any upside move will have to face 50 days & 100 days EMA as they are putting some resistance pressure on the price, further UP is the $104.7 level which looks very heavy on the price. Looks more like a Bearish scenario here for #DXY, if the price breaks DOWN $103.7 then we might see a further fall in the price. #DXY #priceanalysis #thesoumyoroyanalysisShortby THESOUMYOROY0
DXY nearing key rising channel trend lineIntraday Update: The DXY rising trend line comes in at 104.20, it is key channel support for bulls near term. Longby ForexAnalytixPipczar2
DXY - Busy Week Ahead!Monday 20th: 3 Gold Folders Tuesday 21st: 5 Gold Folders, 4 Red Wednesday 22nd: 5 Gold, 5 Red Thursday 23rd: 3 Gold, 9 Red Friday 24th: 6 Gold, 2 Red Many will cry themselves to sleep as stops get triggered on both sides as this week is a HECTIC week! Long03:46by LegendSinceUpdated 3
Levels discussed during livestream 28th May28th May DXY: consolidating at support 104.50, look for bounce higher, towards 104.90 or resistance (confirmation if price breaks 104.60) NZDUSD: Buy 0.6140 SL 15 TP 35 AUDUSD: Sell 0.6645 SL 20 TP 50 USDJPY: Buy 157.30 SL 30 TP 65 GBPUSD: Reject resistance Sell 1.2790 SL 25 TP 90 (Hesitation at 1.2750) EURUSD: Sell 1.0885 SL 20 TP 40 USDCHF: Sell 0.9110 SL 25 TP 40 USDCAD: Buy 1.3660 SL 30 TP 80 Gold: Could trade down to 2330, look for reaction to form double bottom.by JinDao_Tai6
DXY - Are You Ready?📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 DXY has been overall bullish trading within the rising channel marked in red. Currently, it is undergoing a correction phase, and approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in orange. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower red trendline. 📚 As per my trading style: As #DXY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~RichLongby TheSignalyst3328
Fascinating junction for DXYWe can see DXY has again rejected off the falling daily trendline (green), last week we formed a bear candle and have broken out below, currently printing a third bear candle in a row (daily). Even though US Data and narrative suggest higher for longer (and maybe even a hike, although I doubt that) the USD has not responded in kind. We're approaching a couple of critical areas: 1. 104.3 - intersection of the rising weekly trendline (red) 2. 104.1 - supply zone With the local trend bearish, more positivity coming out of Europe I think we could see DXY break through these barriers and ultimately retest the longer running monthly falling trendline (white). We have a negative MACD and not yet oversold (Daily). Of course, the US Economy is looking strong and the FED thinks they can afford to keep rates higher for longer, so any kind of a push up from here will see the daily fall line (green) broken and a new HH. Will this be allowed to happen? As always, I never trade DXY but it is critical to watch as dictates so many of the crosses next moves.by Finchcliffe3
LONG DXYI believe there's a high chance for DXY to rally until next major news event.Longby Nugget_Warrior2
Dollar Index (DXY): Bearish Pressure Remains 💵 Looks like Dollar Index completed the correctional movement and ready to go down again. I see a bearish flag pattern with a confirmed violation of its support on 4H. The market may reach 104.2 soon. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader118
DOLLAR INDEX - BEARISH SCENARIO 📉Hello Traders ! On Wednesday 22 May, The Dollar Index reached a resistance level (105.123 - 104.915) and failed to break it! Let's expect the bearish scenario: If the price breaks and closes below the higher low We will see a bearish move📉 ------------- TARGET: 104.210🎯Shortby Hsan_BenhmedUpdated 6619
DXY will go down BTC pump expected ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. DisclaimerShortby bullstraders71
DXY Will Go Down! Short! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.719. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 104.038 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!Shortby SignalProviderUpdated 112
DXY bearish, has SHS patternDXY will bearish, has SHS pattern dan already retest. Lets See Happy Trading Disclaimer OnShortby EdyDragon2
Dollar Index: Price Action Favouring Bears The US dollar is poised to end the month lower against a basket of six major currencies. According to the US Dollar Index, the greenback is down -1.5% in May and on track to snap a four-month winning streak. Technically speaking, the monthly timeframe presents little to work with this week (well, anything within touching distance that is). The 107.35 October 2023 peak remains a possible resistance, shadowed closely by another resistance level at 109.33 and a 100% projection ratio at 108.48. Below, support is at 99.67, accompanied by a 50-month simple moving average (SMA) at 99.53 and a moderate Fibonacci cluster from 98.72. 200-Day SMA Offers Logical Downside Target Meanwhile, on the daily timeframe, Friday finished considerably lower after bumping heads with resistance at 105.04 and the 50-day SMA at 104.98. With the scope to explore deeper waters from here on the monthly scale, the 200-day SMA calls for attention as a logical downside support target of around 104.39. A break south of here unearths 103.62 support. Further supporting bearish flow is the inability of the Relative Strength Index (RSI) to find acceptance north of the 50.00 centreline last week (though it is worth bearing in mind that the RSI has maintained a position above the 50.00 centreline since 2022 on the monthly chart). Looking ahead, the daily chart shows early signs of a downtrend (series of lower lows and lower highs), with Friday's reaction to the underside of resistance suggesting that dollar bears may maintain control, at least until the 200-day SMA. This dynamic value will be a crucial test for bears, considering the previous reaction observed in mid-May. Short-term action on the H1 chart concluded the week sandwiched between ascending support, extended from the low of 104.39, and trendline support-turned potential resistance, drawn from the low of 104.08. Overhead, resistance calls for attention at 104.84 and 105.04 (daily resistance); lower, eyes might be drawn toward a moderate Fibonacci cluster from 104.47, plotted just north of the 200-day SMA. This Week’s Direction? Coupled with the monthly chart displaying limited support and Friday acknowledging daily resistance around 105.04 (accompanied by the current downtrend and the RSI shaking hands with the lower side of 50.00), this is a sellers’ market for the time being and price action on the H1 timeframe could defend the underside of the breached trendline support and push through H1 ascending support in the direction of the Fibonacci cluster at 104.47. However, were current trendline resistance to cede ground, H1 resistance at 104.80 could be the next port of call for sellers this week. Shortby FPMarketsUpdated 5
DXYThe dollar price looks bullish on the daily timeframe, moving within a symmetrical triangle and ascending channel, and following the Elliott Wave 12345 pattern. Currently, the price is at a resistance-turned-support level; waiting for a bullish rejection here could signal an upward move. This would positively impact XXXUSD pairs and negatively affect USDXXX pairs.Longby forex_info2
DXY STRUCTUREUsing correlation analysis DXY has a negative correlation with EURUSD, this is the inverse of EURUSD and we will sit on our hands and wait for this to play out before we can commit to the market, allow the market to commit to you before you commit to the market.by Dr_Trade11
Dollar Loses Shine as US Economy Shows Signs of CoolingThe tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first time in six weeks. Signs of a Cooling US Economy Several factors are contributing to the cooling sentiment on the dollar. Recent economic reports have indicated a potential slowdown in the US. Growth may be decelerating after a strong 2023, with factors like inflation and rising interest rates potentially impacting consumer spending and business investment. The Federal Open Market Committee (FOMC) has embarked on a series of interest rate hikes to combat inflation. While these hikes are intended to curb inflation, they can also have a dampening effect on economic activity. Businesses may be hesitant to borrow and invest, and consumers may tighten their belts as borrowing costs rise. CFTC Data Reveals Shift in Investor Positioning The CFTC data provides valuable insights into investor sentiment on the foreign exchange market. The data tracks the net long or short positions held by leveraged funds, which include hedge funds and other large speculators, and asset managers. According to the latest CFTC data, leveraged funds still held some net long positions on the dollar last week. However, this bullishness was outweighed by a significant increase in net short positions held by asset managers. This shift in positioning resulted in a combined net short position of $5.36 billion as of May 21st, compared to a net long position of $2.02 billion just a week earlier. Market Implications of the Dollar's Decline A weaker dollar can have several implications for the global economy. It can make US exports more competitive, as they become cheaper for foreign buyers. Conversely, imports into the US become more expensive. This can potentially lead to higher inflation in the US as the cost of imported goods increases. A weaker dollar can also impact other currencies. If investors lose confidence in the US economy, they may seek refuge in other safe-haven assets, such as the Japanese yen or the Swiss franc. This could lead to a strengthening of these currencies relative to the dollar. The Road Ahead: Volatility and Data Dependence Analysts expect currency positioning to remain volatile in the near term. The direction of the dollar will likely hinge on incoming US economic data. Strong economic data could reignite bullish sentiment on the dollar, while further signs of a slowdown could exacerbate the recent decline. The FOMC's monetary policy decisions will also be closely watched. If the Fed signals a more aggressive pace of rate hikes to combat inflation, the dollar could find support. However, if the Fed slows down the pace of hikes or even starts cutting rates in the future, as some analysts predict, the dollar could weaken further. Conclusion The recent decline in bullish sentiment on the dollar reflects growing concerns about the health of the US economy. The CFTC data highlights a shift in investor positioning, with a net short position emerging for the first time in six weeks. The future direction of the dollar remains uncertain and will depend on the trajectory of the US economy and the Fed's monetary policy decisions. Shortby bryandowningqln0