DXY BIAS I'M KIND OF LOOKING FOR BULLISH PRICES-4HR retracement to that Bullish breaker. -15mins MSS for entry -IDC if its London session or New York AM session LETS SEE IF WE WILL GET WHAT I"M LOOKING FOR!!!!!Longby cloudy_Blank_111
DXY, what is next bro?DXY analysis 1/09/24💵 Few things about it: DXY is oversold and it has 4h and daily FVG higher + It just tested the bottom of the global range (almost 2 years in consolidation), and most likely it will bounce till dFVG, On 15m and 1h time frame, DXY has an uptrend (MS( ChoCH) and BoS) until the uptrend on 1h is not broken I will not consider reversal on DXY DXY and EUR always fill their gaps on high time frames, before they move further and the next move on DXY will be final, so most likely it will keep going higher till 0.5 zone ( equilibrium) of this global range ~103.2-103.4 area Considering all of this I will expect EUR and all pairs that trade against USD will be bearish unless the uptrend on 1h is broken with DOUBLE shifts only then i will consider DXY's reversal Longby Almenio2212
USD Last week,light news, USD bounce during mid of last weekHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As mentioned last week to be cautious on shorting USD , it came to play during midweek that there was a bounce. Nice. This week might see continued retracement to $102.25 area and let's see if there's more hint from this coming week's NFP for USD direction. A couple of high impact news for USD this week. Trade with care! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* by Shadowing_The_Big_Boys110
September US Dollar BullishnessAll stars aligned for dollar bullishness throughout September: - - Relative strength against US treasury bonds, gold, and the euro index = undervalued - Fund managers' net positioning is becoming increasingly bullish - Retail traders' net positioning is extremely bearish, which is a strong contrarian indicator - 10-year September seasonality = bullish - Price is breaking out of a high quality demand zone Have been long for approx. 1 week thus far and will maintain my position and look to trail stops as we gradually break through supply zonesLongby benstarslang2
DXY - Waiting for pullback to go longDXY long idea: Waiting for a pullback then going long to 102.5 area. Longby tigo20202
King' s ($DXY) return?In #dollarindex chart, #dxy intends to reclaim the support zone that was already broken. If TVC:DXY succesfully reclaims the zone, then i expect this bullish diamond pattern to play out greatly!. If plays out, all markets - #nasdaq #stocks #crypto will have blood bath in mid term. Not financial advice.by naphyse1
Trend line breakout and Round bottom patternIt has broken out the down trend line and we can see the reversal round bottom pattern. by FXNEWSCLUB0
After breaking the the down trendline and resistanceAfter breaking the the down trendline and resistance ( 101.6) , its appears bullishLongby ZYLOSTAR_strategy0
DXY SETUP COMPLETEPrice pushed to the upside whereby it violated the FVG and used it as support to push to relative EQHs. by GrowthRoyalty1
King Dollar is Back!DXY surged this week, bolstered by strong U.S. economic data. Durable Goods Orders for July spiked by 9.9%, far exceeding expectations, while Q2 GDP growth was revised up to 3.0%, indicating robust economic activity. The labor market remained stable with Initial Jobless Claims slightly below forecasts and Continuing Claims steady. On the downside, the housing market showed weakness, with Pending Home Sales dropping by 5.5%, reflecting challenges in that sector. Despite this, the overall data supports a bullish outlook for the dollar. As we approach the next trading week, key support levels like 101.00-101.50 and last week’s highs will be critical areas to watch for potential long entries.Longby trader92242
#dxy wave c #elliottwave long 26Jul24 #bmgih #btcusd #goldThis count is based on my assumptions so anything can happen not a trading or financial advice.Longby alibadshah88Updated 2
DXY: A Bullish Outlook for the USDThe US Dollar Index (DXY), a critical gauge of the dollar's performance against a basket of major currencies, recently encountered a significant demand area at 100.53. This pivotal point has historically acted as a fulcrum, influencing the currency's trajectory. Interestingly, this interaction coincides with a notable downturn in the commitment of traders (COT) report for retail traders, suggesting a pivotal shift in market sentiment. Retail Traders Retreat Amidst Bullish Signals Retail traders, often seen as contrarian indicators, have shown a marked decrease in their positions at this juncture, reaching notably low levels. This trend typically suggests a lack of confidence among smaller market participants, which can often precede a reversal when combined with other factors. It's crucial to consider these dynamics within the broader context of market sentiment and economic indicators. Institutional Insights: Fund Managers and Commercials Buying the Dip Conversely, the behavior of more significant market players such as fund managers and commercial traders provides a stark contrast. Fund managers have maintained or increased their bullish positions, demonstrating a robust confidence in the strength of the USD. Simultaneously, commercial traders, known for their strategic depth and market knowledge, have started accumulating positions, "buying the dip." This accumulation by commercials is often a reliable indicator of foundational strength in the market, suggesting that these savvy traders anticipate a forthcoming rise in the dollar's value. Technical and Seasonal Factors Align for a Bullish Scenario From a technical perspective, the DXY has shown signs of being oversold. When a financial instrument reaches such conditions, it often suggests that the selling momentum might be overextended, priming the market for a bullish reversal. This technical signal, in conjunction with the identified demand area, provides a compelling case for an impending upward movement. Moreover, seasonality also plays a critical role in the dynamics of currency markets. Historical data and patterns can influence trader expectations and market movements significantly. For the DXY, seasonal trends around this time of year have frequently aligned with strengthening trends, reinforcing the current analysis that an uptick could be on the horizon. Looking Forward: A Bullish Forecast for the USD Considering these multifaceted insights—from the COT data illustrating a shift away from retail bullishness to the strategic accumulations by institutional players, and the supportive technical and seasonal indicators—the stage is set for a potential long-term increase in the value of the USD. Traders and investors would be wise to monitor these developments closely, as the confluence of these factors could lead to significant opportunities in the forex markets. The current landscape of the DXY presents a textbook scenario where understanding the interplay between different trader behaviors and technical indicators can provide a strategic advantage. As we move forward, keeping a pulse on these shifts will be crucial for capitalizing on the anticipated upward trajectory of the USD. ✅ Please share your thoughts about DXY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.Longby FOREXN1Updated 3332
DXY Will Go Lower From Resistance! Sell! Take a look at our analysis for DXY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 101.502. 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 100.706 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 SignalProvider113
$DXY | SilverEdge Insights |Technical Confluences: Price action is in Oversold conditions in the Daily and Weekly Timeframe. Likely to see some consolidation of positioning here. Price action broke out of an Upward Sloping Parallel Channel and cleared itself out of the that Interest Zone too. Likely will see a test to re-enter that Channel due to Oversold conditions. Elliot wave count shows it is trying to compete Wave C (expected target would be to 71% Fibo Extension levels - possible to test the 100% Fibo level) A new Downward Sloping Parallel Channel is in play now and Price action needs to see it break the mid of the Channel to see a substantial move downwards Fundamental Confluences: With the expected cuts, market started unwinding their long USD positions and it is reflected in the TVC:DXY The extent of Wave C will really depend on how quick and reactive is the FED in cutting rates (the higher chances of 50bps cuts; the likelier we will see USD get sold. Building into next week, we are likely to see some traders cover their short USD positions as they size down before NFP data. However, if there is any gyration on the geopolitical front or US elections, it is possible to see the TVC:DXY reverse back to the top of the Downward Sloping Parallel Channel and top out at the Interest Zone area again Shortby weekendanalyst3
September Monthly Trade Plan: U.S. Dollar Index (DXY)Market Overview: As we enter September, the U.S. Dollar Index (DXY) is positioned at a critical juncture. After experiencing a significant decline throughout the summer, the index found support in the discount zone around 100.000 to 102.000. This zone has historically provided a strong base for potential rebounds, but the broader bearish trend remains a key factor to consider. This monthly trade plan outlines key scenarios, levels, and strategies to watch for in September. Key Levels to Watch: Support Zone (100.000 - 102.000): This zone acted as a strong support in August, leading to a minor bullish bounce. This level remains critical; a break below could signal continued bearish momentum, while a sustained hold could lead to a broader retracement. Equilibrium Level (103.500): Serving as the midpoint, this level is likely to act as resistance if the DXY continues to recover. A breakout above this level could indicate a stronger bullish retracement, while failure to break above could see a resumption of the downtrend. Resistance Zone (106.000 - 106.500): This area is marked as a premium zone, where significant selling pressure could re-emerge. It’s a key level to target for those looking to capitalize on a potential short-term bullish retracement. Monthly Pivot Level (~104.000): This pivot is crucial for identifying potential market bias. A monthly close above or below this level could set the tone for the remainder of the month. Trade Scenarios for September: 1. Bullish Retracement Scenario: If the DXY continues its recovery from the discount zone and breaks above the equilibrium level: Entry Strategy: Enter a long position on a daily close above 103.500, confirming a bullish breakout. Stop Loss: Set the stop loss below the recent low around 101.000 to protect against a sudden reversal. Take Profit Targets: TP1: 104.500 (near the monthly pivot). TP2: 106.000 - 106.500 (premium zone and strong resistance area). Trade Management: Move stop loss to breakeven after reaching TP1. Trail the stop to protect profits as the price approaches the 106.000 level. 2. Bearish Continuation Scenario: If the DXY fails to break above the equilibrium level or faces strong resistance at the monthly pivot: Entry Strategy: Enter a short position on a bearish rejection at 103.500 or a daily close below 102.500. Stop Loss: Place the stop loss above the recent high around 104.500 to avoid being stopped out by a false breakout. Take Profit Targets: TP1: 101.500 (recent support). TP2: 100.000 - 99.500 (lower boundary of the discount zone). Trade Management: Consider taking partial profits at TP1 and move the stop loss to breakeven. If the bearish momentum continues, let the trade ride towards the lower support zone. 3. Range-Bound Scenario: If the DXY remains range-bound between 102.000 and 104.000: Entry Strategy: Buy near the lower boundary around 102.000 and sell near the upper boundary around 104.000. Stop Loss: For long positions, place the stop below 101.000. For short positions, place the stop above 104.500. Take Profit Targets: For Longs: Target 103.500 - 104.000. For Shorts: Target 102.500 - 102.000. Trade Management: Range trading requires quick decision-making. Be prepared to exit if the price breaks out of the range. Risk Management: Position Sizing: Risk only 1-2% of your capital per trade to manage potential losses. Economic Calendar: Keep an eye on key economic releases, such as U.S. employment data, inflation reports, and any major Federal Reserve announcements, as these can significantly impact the DXY. Conclusion: September could be a pivotal month for the U.S. Dollar Index as it tests key levels that may determine the next major move. Whether you’re trading the potential for a bullish retracement, a continuation of the bearish trend, or a range-bound market, it’s crucial to remain disciplined and follow your plan. Keep monitoring the key levels outlined above and adjust your strategy as new market information becomes available. Happy trading, and may September bring you profitable opportunities!Longby Mike_SnD0
Why the USD is about to rally... See chart below please. I would not necessarily listen to certain You-Tubers who write-off important momentum indicators like Stochastics & RSI. My observations of both is that they are wonderful at telling me what is overbought & oversold. When a commodity, currency or stock is in either of these phases, massive & fast swings in price can occur as price comes out of the overbought (shorting) and oversold (buying) conditions. The timeframe of the Stochastic and RSI which I've noticed has the most power and punch with respect to the above is the Weekly but sometimes the Weekly & Daily & 4HR RSI/Stochastics cross-up (x-up on 30/20 respectively) on their zones (buy) or cross-down (x-down 70/80 respectively) on their zones (short-sell). You really need to see the indicators tick-up (buy) or tick-down (sell) firmly through their respective zones (RSI 30/70) STOCH 20/80). The following chart is the Weekly for the USDX. The RSI looks to be really getting under price & packing a big momentum-punch upwards soon. Plus the Stochastics Weekly is looking to cross up on its 20 zone at the same time. When they cross-up and if the Daily simultaneously crosses up it will provide a lot of upward price movement in USD and its index USDX. I have been saying for about a week now that a rally is coming for the USD. This chart is the confirmation.by Easy_Explosive_TradingUpdated 110
DXY - Looking to Big PictureWhen we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102. I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid increase with Trump's arrival corresponds to 110s. It has been an expected area for a long time and when Trump Dxy is at 110s, similarly, if the decrease starts with him saying the dollar is too expensive, it goes to 94s, fractal. Here, my hopes begin and I say that it is still expensive at those levels, we will go down to 86s. This means a 4-year never-ending mega bull. I applied the same fractal to the euro, and the much-anticipated 1.02s are here again. If I can get a fund, I will look for swing shorts at 1.12s. The fractal and events looked pretty good to me. It also fit the channel nicely. FX:EURUSD by mooniron0
Analysis of the Dollar Index by the Mallicast team.The US Dollar Index (DXY) has recently managed to break its previous high, indicating a relative strengthening of the dollar against other major currencies. This upward move could be attributed to various factors, such as strong economic data, expectations of a rate hike by the Federal Reserve, or volatility in global markets. However, following this increase, the Dollar Index is expected to enter a range-bound phase in early next month, oscillating within a specific price range. This consolidation period may occur due to profit-taking by traders, a lack of new strong catalysts, or uncertainty regarding the future direction of monetary and economic policies. Therefore, traders and analysts should closely monitor upcoming economic and political developments to make informed decisions for their positions in the market. by kiyandokhtkarimi4
Analysis of the Dollar Index by the Mallicast team.The US Dollar Index (DXY) has recently managed to break its previous high, indicating a relative strengthening of the dollar against other major currencies. This upward move could be attributed to various factors, such as strong economic data, expectations of a rate hike by the Federal Reserve, or volatility in global markets. However, following this increase, the Dollar Index is expected to enter a range-bound phase in early next month, oscillating within a specific price range. This consolidation period may occur due to profit-taking by traders, a lack of new strong catalysts, or uncertainty regarding the future direction of monetary and economic policies. Therefore, traders and analysts should closely monitor upcoming economic and political developments to make informed decisions for their positions in the market. Longby mallicast3
the trend is changingThe euro was doing great but now we can see that the trend is changing and the dollar is moving higher. So we can expect that the euro is moving down and is going to make lower lowsby misternico2
Correction It is expected that the current upward trend will end in the current resistance range and we will see the beginning of the downward trend Shortby STPFOREX1
A lower timeframe idea for the dollar (Directional Bias)Still holding the same sentiments. The decline in price on the dollar (& a rise in price on the negatively correlated markets) Shortby LethaboMokoena7
Trade (Directional) Idea for the dollar in the following week(s)Liquidity has been swept on the higher timeframe allowing the next draw on liquidity to be the Sellside of the curve. We shall witness a MSS before we can confirm the MMSM to be in play.Shortby LethaboMokoena2210