DXY Bearish Continuation On Yesterday News DXY has broken our 4h Trendline and has formed a Bullish Divergence. Considering today's News we can expect a restest of our trendline and then fall to the downside.Shortby Trader-Hash4
#DXY #USD #FED #EUR #AUD #GBP #NZDConsidering that producer price inflation increased, it did not strengthen after the index rose to 105.45 dollars and continued to improve. Currently, the important support of the index is 104.20 - 103.88. It should be noted that this range will be broken if US inflation data comes in below expectations. This is a personal opinion, not a buy or sell signal.by morteza_zargani4
Levels discussed on Livestream 15th May15th May - CPI news release DXY: Likely to consolidate at support area 105 Higher CPI >3.7, DXY trade higher, to 105.50 (confirmation at 105.20) Lower CPI <3.2, DXY trade down to 104.55 NZDUSD: Sell 0.6070 SL 20 TP 40 (DXY strength) AUDUSD: Buy 0.6666 SL 20 TP 60 (DXY strength) USDJPY: Look for reaction at 155.50 Buy 155.85 SL 30 TP 110 Sell 155.30 SL 40 TP 120 GBPUSD: Sell 1.2595 SL 25 TP 65 (DXY strength) EURUSD: Sell 1.0860 SL 25 TP 60 (DXY strength) USDCHF: Look for reaction at 0.9012 USDCAD: Buy 1.3625 SL 20 TP 65 Gold: Test and reject 2377, double top, could trade down to 2355by JinDao_Tai8
US DOLLAR INDEX(DXY): Waiting For Breakout 💵 The Dollar Index is experiencing a slight downward trend, with the price consolidating in a descending triangle pattern. The neckline of this pattern is between 105.09 and 104.88, which has been a major horizontal structure. If the price breaks below this level and closes on a 4-hour chart, it is likely that the market will continue to decline. The first target for this drop is 104.50, followed by a potential support level at 104.00.Shortby linofx12221
DXY DOverview: DXY: This stands for the U.S.expand_more Dollar Index, a measure of the value of the USD against a basket of major currencies of its trading partners.expand_more Chart: TradingView provides a live candlestick chart of the DXY, allowing you to see historical price movements and current value.expand_more Current Price: You'll see the current value of the DXY and its percentage change over the past day, week, month, or year (depending on your chart settings). Analysis Tools: Technical Indicators: TradingView offers a variety of technical indicators that can be applied to the DXY chart to help you identify trends, potential entry and exit points, and gauge momentum. Some commonly used indicators for forex trading include moving averages, relative strength index (RSI), and stochastic oscillator. News and Ideas: The platform often has a section with news articles and analysis specifically related to the DXY.expand_more This can provide valuable insights into factors affecting the U.S. dollar's strength or weakness. Trade Ideas: Traders can share their analysis and trade ideas for the DXY.expand_more This can be a great way to get different perspectives on the market and identify potential trading opportunities. Additional Information: Market Commentary: You might find a section with commentary from market analysts on the DXY's current performance and future outlook. Historical Data: You can adjust the chart timeframe to view historical price data for the DXY and analyze past trends.by Sibonginkosi_Sithole-Job30
US Dollar Index (DXY) Daily BearishDXY, or the US dollar index, is an index that tracks the performance of the US dollar against other currencies123. It was originally developed by the US Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the US dollar against global currencies4. The index is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners3. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies3.Shortby mehdi.tsh772
Possibility of uptrend According to the behavior of the price in the specified support range, the possible scenarios are specified. It is expected that the index will change its trend in the support range and start an upward trend Longby STPFOREX3
USD DOLLAR will go for bullishI think usd will up more to countinue for bullish movement for the next 1 or 2 month . This is only my view . ThanksLongby ewtradersbhUpdated 111
Shorting the USD against other pairs is a great trade nowDXY has been trending down and recently we saw a breakdown. We believe shorting the USD with pairs such as the EURO, AUD, CAD, GBP should work well under the circumstances. We believe these pairs will outperform the USD as you can see they are trending up Vs the USD We have mapped out DXY the downside support price targets. Shortby JK_Market_Recap0
DXY : The USD will continue to weakenOn the morning of May 15, the State Bank (SBV) announced the central exchange rate USD/VND at 24,269 VND, an increase of 3 VND. The exchange rate range allowed for transactions at Commercial Banks ranges from 23,400 - 25,450 VND. The USD/VND exchange rate was also brought to the trading range of 23,400 - 25,450 VND by the SBV Exchange. This morning's exchange rate increased slightly at commercial banks. Specifically, Vietcombank has a buying level of 25,152 and a selling level of 25,482, an increase of 3 dong in both buying and selling directions compared to yesterday. Meanwhile, the exchange rate on the free market increased more strongly. In Hanoi at 05:15, the exchange rate fluctuated around 25,768 - 25,848 VND, an increase of 10 VND on the buying side and an increase of 20 VND on the selling side compared to yesterday. The DXY index yesterday almost lost the 105.00 mark after the PPI data was released. Currency pairs also fluctuated accordingly, even the USD/VND exchange rate in the forex market also decreased sharply. However, somehow miraculously, the listed exchange rate still increased slightly.Shortby SantaTradeGold3
Update on DXYThe dollar index shows signs of weakness in rising and looks bearish. If it breaks the green range indicated in the chart, it is likely to fall to the lower gray range. For this reason, the currency pairs with the dollar will probably experience an increase in price.by happymanlifestyle3
DXY is approaching the main trend prior to CPI releaseHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 104.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.200 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 27
DXY STRUCTUREHi there traders today is CPI and the best way to trade is not to trade and wait to see the clearer picture before you can draw conclusions on what to do and what you're not supposed to do, save up this template and sit and watch allow the market commit to you before you commit to the market.Shortby Dr_Trade10
Keeping it simple on the DXYHopefully, DXY respects this range its been in for well over a year now and starts to head down. Give risk on assets another push-up? BTC to $90k? Would this send silver and copper into ATH? What do you think?Shortby oliverjward10
DXY Tuesday Trade Review (14-17) MAY 24DXY is Bullish on HTF. Following our weekly market review where we had anticipated that the market might use MTF/LTF POI to fuel the buying pressure on DXY. We have seen selling pressure on Tuesday which ended up invalidating our analysis or expectation. With that being said nothing has changed on a HTF structure, we are still within the swing bullish leg on 4hrs, our POI & IMB are therefore still valid and we are now looking to see how the market reacts with the anticipation of longs. We also taking into consideration the news events from tomorrow which might fuel the buying pressure. Are we going to see the market sweep LQ below the wick rejection then mitigate the poi/imb? well that remains unanswered. Longby Ocean983
DXY Weekly Bias - Keep it simpleDXY 1W Bias and Context seeks for liquidity at Previous Week Low, Swing Low and Bullish Order-Bock. Shortby powercash0
DXY 1W BiasDXY Weekly Bias and Context: seeks liquidity at Previous Week Low, Swing Low and Buliish Order Block.Shortby powercash0
DXY Bullish DXY has been in an uptrend and most likely will continue this uptrend with the upcoming News event. We can expect USD Pairs to be bullish and USD denominated pairs to be bearish. Longby Trader-Hash4
DXY DIRECTION 5/14/24A couple weeks ago I mentioned that we usually take out weekly highs and lows before we start moving in certain directions. Looking at the chart I still have a bullish bias on DXY. I have outlined current liquidity testing below current 4 hour timeframe lows. These 4 hour lows rest right above last weeks LOW OF THE WEEK(PWL level). This is important because on the daily timeframe we are sitting inside of the OTE zone for bearish retracement to send us higher towards new weekly highs. We have news all throughout this week and if we see manipulation play out today and pierce the PWL and trade back above it preferably creating a fail swing, i will be full on bull for DXY. I will update later on today and give further insight into my thought process moving through this week. Let’s make some money this week everyone and manage risk well. If u like this analysis leave a like, comment any questions and remember to follow me for more analysis by kamaricolmn0
The classic zigzag pattern (Diagonal Wave C)Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody Bearish market scenario (Bigger Flat) The classic zigzag pattern Longby mehdi47abbasi796
DXY Will Go Lower! Short! Take a look at our analysis for DXY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 105.317. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.018 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 111
The Chart is clear on DXY The evident Bear Flag on on the DXY monthly chart points to 1 thing, another 11 point drop on the dollar over the next 12 months. This should have several positive and negative consequences. On the positive side the commodity complex as a whole should do well, particularly precious metals. The grains are more complicated, while the drop of the dollar is generally bullish the harvest(s) in Brazil & Russia are inputs that can't be ignored. On the Negative side, the reason(s) for the drop are key. A Japanese Yen crisis seems to be brewing. A surge of treasury notes from the Bank of Japan to support the yen should bear steepen the yield curve, un-inverting the yield curve, dropping the dollar value in relation to the yen, and ultimately, pushing us into the recession that didn't arrive last year. Positive or Negative, both outcomes result in higher precious metal prices. by dcsmith54440
DXY - Bearish => Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our previous analysis, DXY rejected the upper bound of the red channel and traded lower. What's next? 📉 DXY is undergoing a correction phase , trading within the rising channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline. 📚 As per my trading style: As #DXY approaches the lower 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! ~Richby TheSignalyst1119