correction Considering that the support trend line has been broken, as long as the price fluctuates below the green resistance range, the continuation of the downward trend is likelyShortby STPFOREX110
Demand for the dollar picking up?The DXY has made a bullish reaction off the pivot and could potentially bounce higher towards the 1st resistance. Pivot: 105.52 1st Support: 105.08 1st Resistance: 106.29 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 ICmarkets229
DXY will continue to FALL into Discounted Demand Zone...?TVC:DXY Yo Family I hope everyone is in gr8 spirits as we are in the middle of this trading week. I have a prediction on the Dollar that will continue bearish here's why.... 1) On the 4Hr TF buyers created a 4Hr demand zone that ranged from ($105.910 to $105.770) where they tried to push price back up aggressively attacking the last market HIGH ($106.517) however were unsuccessful on multiple attempts, therefor causing sellers to develop the stronger hand and the demand zone failed as sellers pushed price lower.... 2) Let's go down to the 1Hr TF and observe how Buyers tried to push price back up in a desperate attempt to recover, however were denied and it turned out to be just a simple retest of the failed Demand Zone and then sellers continued to drop pricing lower with confirmed candle closures underneath the 4Hr Swing CHoCh ($105.740)... 3) Now let's zoom back out to the 4Hr TF and we can clearly see that there is Major Imbalance in the market that we need Sellers to step in and create Fair Value... The Market is made up of both Sellers and Buyers and there has to be even fair play...WE can clearly how the buyers have been able to create endless amounts of opportunity for themselves creating Market imbalance now it's time for sellers to come in and balance everything out.... 4) Now I can see the Dollar dropping down to potentially ($105.360) and maybe even lower... This is based off the the 4Hr Pivot zone I have drawn out where Buyers Left major Imbalance that sellers may by attracted towards... Remember when it comes to FRM (Financial Risk Management) our Job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions Shortby TreyHighPwrUpdated 1
DXY (USD index)The greenback is consolidating on weekly timeframe showing a strong build up for a bullish breakout. Long02:27by SMZ_SIGMACAPITAL0
DXY BULLISH This is my analysis on DXY daily time frame for now. I have been with it for days now just waiting for it to come down and get the confirmation on my Lower time frame to trade. We all know when xauusd is going down, dxy is going up this are opponent pairs.Longby Ronaldo_fx110
Dollar potential low of the week from hereTaking out two previous days' lows and reaction on H4 FVG. Once the price closes above IFVG and creates a potential breaker ( could be during the news) then I see the potential for the buy side. targets. 🟠Rules - 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 ⚔Longby Dave-FX-HunterUpdated 7
Is the DXY top is in?If DXY TOP is in it will drop back to the lower diamond shape pattern. - If the scenario plays out: Long risk assets Long Bitcoin, Ethereum, GMX and JASMYShortby ethmike116
DXY 4H OUT LOOKlooking at a bullish market, we will be taking buys just after the break out of the minor swing high area formed by intra-day trades.by cpointfx0
DOLLAR INDEX LONG TO $108 (UPDATE)📈The Dollar moving really nice! Price is very close to our $108 (Wave 2) target. Using this DXY long analysis, you'd know to short the XXXUSD markets. Longby BA_Investments4
DXYPossible move on the dxy based on structure expecting volume as USD have high impact news at 1:30 EST Longby BillionaireBankz2210
dxy 2h analysis DXY's trajectory remains predominantly bullish, navigating within a pronounced upward channel delineated by red lines. Presently, DXY is edging towards the channel's upper boundary, serving as a notable inclined resistance. Additionally, it's undergoing a reassessment at a robust resistance area denoted by green highlights. 🏹 Hence, the focal point indicated by the red circle holds considerable significance for potential sell opportunities, being the confluence of the upper red trendline and the green resistance zone. 📚 Consistently adhere to your predetermined trading blueprint encompassing entry strategies, risk mitigation protocols, and trade execution procedures. Shortby CrowtR1
DXY fractalitet 1 hour fractal to be tested as idea High risk trade, risk accordingly Longby PriceDeliveryAI3
Levels discussed on Livestream 25th April25th April DXY: Needs to stay below 105.90, look to break 105.60 to trade down to 105.20 NZDUSD: Sell 0.5935 SL 20 TP 40 AUDUSD: Buy 0.6540 SL 20 TP 75 USDJPY: BOJ MEETING TOMORROW Sell Order 155.20 SL 20 TP 145 GBPUSD: Look for reaction at 1.2540, Buy 1.2560 SL 30 TP 75 EURUSD: Sell 1.0715 SL 20 TP 85 USDCHF: Sell 0.9115 SL 20 TP 50 USDCAD: Sell 1.3655 SL 20 TP 40 Gold: Trades beyond 2335 could climb to 2360 (61.8%)by JinDao_Tai7
DXY - Retracement ahead of Weaken US Economy Forecast Weaken Us economy will have affect on the dollar However the 140Bil $ Treasory Bond will be issued, that will drive the demand for US Dolar in the medium term . Long04:47by EasyTradingOnline1
Dollar Index (DXY): Important Breakout 💵 As we discussed on the yesterday's live stream, Dollar Index broke and closed below a key daily structure support after a consolidation Retesting the broken support, we see a positive bearish reaction to that. It makes me think that the market will drop lower. Next support - 105.2 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader118
Dollar index short viewThe dollar is definitely under a lot of pressure at the 106.00 level. This led to a bearish impulse at the 105.70 level. We may see a continuation of the dollar index's pullback to better support. The potential target is EMA20-daily (105.20-105.40); if we do not get support there, the next target is EMA50-daily (104.60-104.80).Shortby Aleksin_AleksandarUpdated 4
DXY in ascending broadening wedge DXY is in ascending broadening wedge and following up from previous long positiom ideas, I am seeing that DXY might take pause and move down.Shortby andrey_kurniawanUpdated 5
short eurDollar still looks bullish We are currently in a time of consaldation. -We have deviated back in the rangeand also had a mss. -The narrative is still bullish -What liquidity will be targeted for thursday?l -We have sellside resting 105.598 and buyside resting 105.950 -We have possible SMT forming, if the dollar fails to make a lower low while the euro is about to make a higher highShortby diegoulises2810
Dollar Index - Pending Sell-offBased on my last post, I was neutral overall but still wanted to see a minor bullish increase upto the old volume imbalance located @ 106.600 which we got. The current market conditions mean that it’s a bit more tricky to guess a bias long term without more market information as all the dollar has done was sweep buyside before sweeping sellside. The outlook on news this week is going to be interesting as we start of the week with 3 gold folders but dropping into Tuesday is a different kettle of fish. In the cards, we have got 4 gold folders and a whopping 8 red folders which tells me that implied volatility is prevalent on that day. On the Wednesday, we have AUD CPI numbers releasing so there’s a strong chance of manipulation before the real moves come. 3 red folders with 5 gold folders. To note, New Zealand and Australia will be having a bank holiday on Wednesday with Italian bank holiday shortly following ahead in the Thursday. 3 red folders on that day with 1 gold folder Friday is another big day with 6 red folders and 2 minor gold folders and with policy rates being the talk of the day, expect movement! Days to lookout for will be - Tuesday (Expect high volatility) - Wednesday (Medium to high volatility) - Friday (Expect High volitility) With that being mentioned, for the past 4 months, dollar index has been in a buy programme but the monthly buyside liquidity still has not been attacked @ 108.348, near to the lowest displacement fair value gap. Unless turmoil in Israel and Iran occurs or for that fact, any country, we could see a dramatic swing in all markets. Trend is your friend until otherwise but in the cards for a short term retracement to 105 is not illogical to paint before continuing higher, running on short term buy stops. Please have a look at my index analysis as I am looking out for bullish price action; ES, NQ, YM and even forex pairs, specifically: Cable and Euro. In turn, I want to see dollar respect the old liquidity void @ 106.500 and continue to make lower lows and higher lows. 105.849 is my first point of call with 105.700 being my mid week bearish terminus. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTANShortby LegendSinceUpdated 4
DXY Bullish Trend Hey there on 1htF the DXY Bullish Trend until 106 then we can looking for sell opportunity and will drop from there our previous support area 106$ so we can follow up and then best to make short area from upper side to set our next target 103$ Shortby DvsTraderfirm0
DXY BUY SETUPThe dollar index held around 105.6 on Wednesday after losing 0.4% in the previous session, weighed down by cooling US private sector growth which supports the case for Federal Reserve interest rate cuts. Data showed that US business growth slowed and signaled only a slight expansion in April as both manufacturing and services activities eased. The greenback also came under pressure from a rebound in the euro and sterling amid robust Eurozone and British business activity data. Moreover, the US dollar weakened against the aussie as stronger-than-expected Australian inflation data bolstered expectations that the Reserve Bank of Australia will not cut rates soon. Investors now look ahead to US GDP data on Thursday and the Fed-preferred PCE price index report on Friday to better guide the monetary policy outlook.Longby murendi4
Dollar probably has made low of the weekThe dollar dropped yesterday and was taped to the H4 FVG this morning during the ASIA Session. The daily candle did not close below the Dialy inverted level. A strong move up and H1 close above the inverted FVG are signs that the low of the week was probably created and we could see a potential move. 🟠Rules - 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 ⚔Longby Dave-FX-HunterUpdated 10
DXY analysis 4/24/24Referring back to my earlier post price is printing bearish. There is a bearish 5 minute candle that printed between 8AM and 8:30 that I want to see act as resistance. Looking for price to head down towards weekly discount level marked by lower red boxShortby kamaricolmn0