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Dollar

US Dollar Index Climbs to 101.00 as Powell Signals Rate CutsThe US Dollar Index (DXY) has risen close to the 101.00 level following remarks from Federal Reserve Chair Jerome Powell, who indicated that future rate cuts would be implemented gradually. This rise comes as no surprise, as the DXY has rebounded from a key demand area that was previously identified. According to the Commitment of Traders (COT) report, retail traders remain extremely bearish on the US Dollar, while institutional investors—often referred to as "smart money"—have shifted toward long positions, further supporting the currency's strength. This bullish sentiment in the US Dollar is reinforced by the fundamental backdrop. Today, the release of the ISM Manufacturing PMI and JOLTS Job Openings reports could further fuel the DXY’s upward momentum. A positive outcome from these key economic indicators would indicate continued resilience in the US economy, bolstering expectations for the Fed to maintain its gradual approach to rate adjustments, which in turn supports the USD. The ISM Manufacturing PMI is a key gauge of the health of the manufacturing sector, and a strong reading would reflect ongoing economic expansion, likely pushing the DXY higher. Similarly, the JOLTS Job Openings data provides insights into labor market strength, and a robust figure would further cement the case for a stronger US Dollar. Technically, the DXY’s recovery from the demand area, combined with the shift in institutional positioning, points to a sustained bullish outlook for the US Dollar. With smart money moving to the long side and retailers still bearish, the DXY could continue its climb, especially if today's economic data aligns with market expectations. In conclusion, the US Dollar Index is experiencing a bullish run following Powell’s comments on gradual rate cuts, and the momentum is likely to be reinforced by positive ISM Manufacturing PMI and JOLTS Job Openings data. As retail traders remain bearish and institutional investors shift toward the long side, the DXY could see further gains in the near term, particularly if economic data supports the Fed’s cautious but optimistic outlook.
TVC:DXYLong
by FOREXN1
7
EURUSD: Dollar going stronger than EuroThe orange circle, shows the exact moment where, at the same time, ICEUS:DX1! crossed over CME:6E1! and the 200-sma was in the middle of this crossover. The Dollar futures are gaining stregth while on the other hand, Euro futures are falling in price. After the crossover, a strong bearish candle cross the support, the price remain in congestion with yesterday price closing at 1.10533. Today the price is already below a support during early september and a resistance in the week after. Indicators: Besides the 200sma. The RSI is projecting to go overbought or at least close, while DMI- is increasing the direction and ADX is confirming the trend strength.
Short
by AFCapital21
USDJPY: Important Support & Resistance Levels 🇺🇸🇯🇵 Here is my latest structure analysis and important support and resistance levels to pay close attention to on USDJPY. Resistance 1: 146.50 - 147.35 area Resistance 2: 149.30 - 149.40 area Support 1: 141.64 - 142.20 area Support 2: 139.60 - 140.60 area From a current perspective, probabilities are high that the pair will continue growing, at least to Resistance 1. After its test, consider that for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
DXY H8 - Long SignalDXY H8 There isn't too much to report on here for the likes of the dollar index, we have seen a bullish start to the week so far which was as expected, but we are still very much in the same range which trades between 100.200 price and 101.000 price, we really need to see a break north of this 101 level. A break of 101.000 price, and subsequent surge towards 101.800 to 102.000 price is the next goal. Good start to the week thus far. Lets see if we can start to see these setups we have been following unfold a little more in our favour!
TVC:DXYLong
by Trade_Simple_FX
EURUSD H4 - Short setupEURUSD H4 Our sell zone here on EURUSD is playing out well 1.12 seems to be the handle which is holding as effective resistance. 3 attempts to break higher, 3 time resistance has held and see a dump of around 60-70 points, with just 10-15 points of movement around the 1.12 stoploss area. This 60-70 point range is certainly an area and range we can follow. Ultimately, out target is 1.10, but we may see price bounce from current price like we have on the last few occassions.
Short
by Trade_Simple_FX
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone, In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2. Inside the Wave 2, we encounter ourselves inside the Wave C already. The Wave C is about to break the 100 support area, and targeting at least 92 target. The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A. Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
TVC:DXYShort
by xReve
USDJPY - Short Trade Idea This is a short trade idea on the USDJPY pair. Recently, we traded into a 4M and 11M BISI, had a nice reaction to a Premium Array, now we had a breakdown again. Because of the Japanese Central Bank's decision to increase interest rates, I am expecting price to take a further nose dive. I have 2 targets based on my profit-taking criteria. 1st is the swing low as a Discount Array, and 2nd/final target is a 2D BISI below some relative equal lows. Depending on where price closes today, I would be anticipating price to trade back up into a 2D iFVG that was a previous R2F signature BISI on the 2D timeframe. Safest stoploss before invalidating the trade is at the swing high before the sudden dump at Japan election news. Let's see! - R2F
Short
by Road_2_Funded
USDJPY - Testing Support Level, Potential for a ReboundUSDJPY has arrived at a significant support zone and is currently retesting this level. While the support seems to be holding for now, the market sentiment still appears cautious. If we see further confirmation of a bounce, such as bullish candlestick patterns or increasing volume, there could be potential for upward movement. However, it's important to monitor the price action closely, as a breakdown below this level could invalidate the bullish outlook.
Long
by WaveRiders2
2
PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
PSX:PSOShort
by Wakeel_Saab
Could this be the fall of the Dollar???The dollar is about to break the last significant structure on the monthly time frame. We have seen the dollar dropping over the last few months after its reaction from the last swing high. Market structure shows price creating lower lows and lower highs which are confirmed by endless BOS. We can see a clear 11min OB has been left from the last low that price created once it tapped into the 18h demand which may allow us a buying opportunity to buy the dollar up to the 1h supply where we will continue to see it fall to it's untimely demise. previous price action from this 18H however, didn't create much movement despite the fact it also took ASL liquidity possibly suggesting buying power in the market has no strength what so ever. We have to also consider the possibility price may not even be able to push back up but rather fall targeting the Asian lows as this would be considered a magnet for price movement.
TVC:DXYShort
by JamelCapital
Dollar index sellAs dollar index was bearish all the week and in my view it will remain bearish for the next week as Dxy is moving in a falling wedge in which it has completed its 4 waves over H4 to H1 TF and going to complete its last wave 🌊 E if this pattern is not a failed pattern then DXY will remian Bearish all the next week also we our team has observed that Dollar is Bearish on All timeframes from Monthly to weekly to Daily to H4 to H1 so we will be bearish for the next week as Geopolitics is concerned we can predict a downward move in dollar index Hope for the good 👍😊
TVC:DXYShort
by Wakeel_Saab
GBPUSD Approaches Major Zone: Monitoring Dollar for Next MoveAt the moment, we are observing the GBPUSD pair with no clear bias, simply monitoring the price action as it approaches a key zone. From a monthly perspective, we can see that the price has been in a bullish trend for several consecutive months. However, it is now reaching an important level where a potential pullback could occur. The plan is to start monitoring the 4-hour and daily charts, looking for a clear signal that confirms the price's intention to retrace from this area. We are not rushing to take a directional stance until the market provides a more decisive signal. One key factor to watch is the current behavior of the dollar . It is sitting at a strong support zone, which could be affected by upcoming economic data. If this support breaks, we could see strength in GBPUSD , driven by the dollar's weakness. It is crucial to keep an eye on the signals coming from the dollar and the forthcoming economic data, as these could trigger significant volatility and help define the next move in GBPUSD. Given the current state of the dollar, the likelihood of a correction or move in GBPUSD is high, but we need confirmation through price action.
by Wiiso
Bitcoin Bull RunOver the past 30 days, investors have amassed an impressive 88,000 BTC, with nearly 40%—around 35,000 BTC—accumulated by smaller players known as 'Crabs' (holding 1 to 10 BTC) and 'Shrimps' (holding less than 1 BTC). This surge in retail accumulation underscores the growing confidence among smaller investors in Bitcoin's future. But here's the key: the removal of 40,000 BTC from exchange wallets could signal a bullish market ahead. This reduction in liquidity, combined with a staggering accumulation rate that's seven times higher than the monthly issuance of just 13,500 BTC, sets the stage for significant market shifts. With only 26% of the circulating BTC supply considered liquid, Bitcoin’s market dynamics could soon take an interesting turn.
PYTH:BTCUSD
by IPatrice
EURUSDEURUSD . Potential long opportunity. Our previous idea for EURUSD has been correct . We believe that EURUSD will continue to the upside after coming down to our PBA 1 (Pull Back Area) . Our entry is sitting at the pullback area at 1.11363 . Break above our PBA 2 would result in higher highs . Our TP (Take Profit) is sitting at 1.12300 . If price falls below our PBA 1 it would invalidate our trade idea. SL (Stop Loss) is set at the break of our PBA 1 at 1.11110 . PARAMETERS - Entry: 1.11363 - SL: 1.11110 - TP: 1.12300 KEY NOTES - EURUSD has fallen to our PBA 1. - DXY still weak. - Break above PBA 2 would confirm higher highs. - Break below PBA 1 would invalidate the trade idea. Happy trading! FxPocket
Long
by FxPocket