Dollar Bullish To $118?!During the last market analysis I said I remain bullish on the DXY for the upcoming future & that bias still remains the same. After the strong bullish rally from October - December 2024, The Dollar started off this year with an ease off, seeing prices drop for the first quarter of 2025. However, this cool off has not changed the long term perspective for the Dollar as we still remain bullish. This correction (sell off) this quarter was simply a dip.
The Dollar has completed its Wave D consolidation phase & is now getting ready for further upside towards Wave E. Wave E being priced around $116 - $118.
Dollar
Dollar Bullish To $118?! During the last update I said I remain bullish on the Dollar for the upcoming future & that bias still remains the same. After the strong bullish rally from October - December 2024, The Dollar started off this year with an ease off, seeing prices drop for the first quarter of 2025. However, this cool off has not changed the long term perspective for the Dollar as we still remain bullish. This correction (sell off) this quarter was simply a dip.
The Dollar has completed its Wave D consolidation phase & is now getting ready for further upside towards Wave E. Wave E being priced around $116 - $118.
DXY Monthly Analysis: Key Support Holding, Bullish Move Ahead?📊 DXY Monthly Chart Analysis (March 27, 2025)
Key Observations:
Current Price Action:
The U.S. Dollar Index (DXY) is trading near 104.267, with notable resistance ahead.
Price is consolidating within a key demand zone (~102.5–104) after rejecting higher levels.
Technical Levels:
Support Zone: 100.2–104 (Highlighted in purple)
Resistance Zone: 112.5–114.7 (Highlighted in purple)
Major Resistance: 114.77 (Previous high, acting as a supply zone)
200-MA Support: Located below current price, offering a long-term bullish confluence.
Market Structure:
Price remains in a higher time-frame bullish trend but is experiencing a correction.
The "BOSS" level (Break of Structure) suggests a prior bullish breakout.
If the demand zone holds, a bullish continuation towards 112.5–114.7 is possible.
Projected Move:
A bounce from 102–104 could trigger a rally toward the upper resistance zone (~112.5).
A break below 100.2 could indicate a shift in trend and further downside.
Conclusion:
DXY is at a critical decision point. Holding the current support zone (~102–104) could fuel a bullish continuation toward 112–114, while a breakdown below 100.2 would weaken bullish momentum.
AUDUSD 110 buy setup!!The current market structure shows a strong alignment for a potential upward movement, forming a double bottom at a significant support level. This pattern respects both the structural levels and Fibonacci retracement levels. With important news scheduled for release today at 8 PM, particularly positive developments for the dollar could influence market direction. Given the risk-to-reward ratio, it appears favorable to consider positioning for an upward trend.
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DOLLAR INDEX (DXY): Strong Bullish Sentiment
As I predicted yesterday, Dollar Index continued growing.
Analyzing the intraday price action today,
we can see that the market established a nice rising channel on a 4H.
I think that the Index will keep rising within a channel and will reach 105.0 level soon.
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Eur/Usd Mar/24 Weekly analyzeHello eveyone.
Price reject at W200 ma for 2 weeks and Closed below W 200 MA also this w open below W pivot so i'm gonna sell for this week
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( This is an idea and entry-tp-sl placed for my own trade , you can change entry-tp-sl depends on your risk management )
DOLLAR INDEX Good Day Fellow Traders
We have seen that the Dollar has stopped trending at 110 area as market on the chart as a weekly level of resistance, with thus we have closely been tracking the cot index which indicates that a correction is due, although there has not been much action of impulsive move down, we do expect at least a 3-wave pullback down to the 105 area, should this level break it open the chart for a drop down to the weekly level at 104.00.
Yesterday we had a higher inflation reading, with trump policies in action we could expect more of the same higher volatile moves to come and USD to be the dominant trading currency under the rain of Trump. My personal opinion would be to stay away from forex pairs and rather shift focus to swing and position trade the global indices as political turmoil will affect currencies most, look at monthly, weekly and daily charts(entries) with wide stops
Dollar near term strenght coming, Weekly demand holdingThe DOllar has been in a decline over the last couple of months, We can see from tracking how the COT INDEX
COT Index in Forex for 6 months and 36 months
The 6-month and 36-month time frames typically refer to the historical analysis of COT data for specific currency pairs, providing insights into:
6-month COT Index:
This reflects the trading positions over the past 6 months.
It shows the trends in how market participants (e.g., hedge funds or commercial traders) have been positioned recently.
Traders typically use this shorter time frame to gauge recent trends and near-term sentiment.
A higher COT Index value indicates that speculators have a larger net long position, suggesting potential bullish sentiment, and vice versa for a lower COT Index.
36-month COT Index:
This reflects the trading positions over the past 3 years.
It provides a longer-term view of trader positioning, helping to identify historical trends and market cycles.
A higher 36-month COT Index suggests persistent bullish positioning over the longer term,
we can see the Dollar has been bought up at WEEKLY Demand, we will start looking for a shift to buy the Dollar on a daily chart.
Be the Choosy trader on Gold!Price is dragging on dropping. being very indecisive. Looks like the entire market is waiting on News to help give it a push. I need to see price break out of value before I can get a read on a sold move. in the mean time this is sclaping conditions. You can hold trades. Have to cut them short quick with this price action. Since we have some USD news tomorrow that indicates that the market might be waiting for that before proceeding on any decisions. Patience is key!
Dollar Index Bullish to $111.350 (VIDEO UPDATE)If you remember on the last update, I showed the possibility of the previous Wave 4 low getting taken out, which did happen. I’ve now re-counted the waves, as analysed on the video above.
⭕️3 Sub-Wave Correction (A,B,C) relabelled.
⭕️Wave 4 Low relabelled.
⭕️Main Supply Zone highlighted.
DOLLAR INDEX (DXY): Time to Recover
I see a confirmed bullish reversal on Dollar Index
initiated after a test of a key daily horizontal support.
A formation of a double bottom pattern on that and a consequent
violation of its neckline provides a strong bullish signal.
I think that the index will reach at least 105.0 level soon.
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$DXY 10% Declines along with $SPX declines from 1987-1995In case you are wondering if the drop in the $USDOL TVC:DXY US Dollar of 10% from a high is a sign of something major going on in the stock market, it reminded me of research I did right when I got out of college in 1987.
Here's a quick overview of that pattern of TVC:DXY declines of 10% against the backdrop of SP:SPX or S&P500 Index declines at that time. The 1987 stock market crash is on the far left of this graph and gets the chart started for you to review.
The 10% drops from highs in the TVC:DXY index are labeled with yellow arrows and there were 9 of them across this time series from 1987-1995.
We can imagine how a Non-US investor would handle both a drop in the TVC:DXY and a drop in the SP:SPX , but a drop of both the TVC:DXY and SP:SPX of 10% together would mean a loss of 20% for the non-US investor. That is a painful loss and perhaps more than investors wanted to risk.
Historically, it was a good time to look for a stock market bottom AFTER a drop in the TVC:DXY index and the green boxes at the top show the risk of a deeper decline in the SP:SPX was minimal after this scenario.
So the end result of this analysis is that the Dollar can be viewed as a contrarian indicator after a meaningful decline, as in 10% in this time frame. Look for other signs of a market bottom, especially using my TVC:VIX signals (5 point spike indicator and VIX75% retracement) to help define a bottom. The VIX75 signal triggered on Monday, March 24th, indicating that the panic from the selloff had moderated to a point enough to signal that the panic was over.
Do some more research for yourself and see if the TVC:DXY drop was an "asset allocation" shift as US investors bailed out of US stocks to invest in non-US stocks or was it another wave of non-US investors dumping US stocks to cut risk.
Either way, know what you are investing in and question everything. These days, it is more important to be educated and use TradingView to chart and research the past will help you be a more educated investor.
Cheers,
Tim
USDJPY Buy Setup – Breakout Confirmation & Seasonal TailwindTechnical: USDJPY has broken above a downtrend resistance line after finding support at the 61.8% Fibonacci retracement level at 146.95 . This breakout suggests the corrective phase may have ended, signaling potential for further upside. Pullbacks toward 149.70 (a retest of the broken trendline) present an attractive entry opportunity. Upside targets are 152.74 and 157.10 in the short to medium term. The setup is invalidated below 147.97 , with a break below 146.33 negating further bullish expectations.
Fundamental: Commercial selling of the Japanese Yen and renewed dollar purchases indicate a shift favoring USD over JPY, supporting the bullish technical outlook.
Seasonal: Over the past 25 years , USDJPY has risen 76% of the time between March 25 – April 8 , with an average gain of 1.04% .
Trade Idea:
Entry: On pullbacks toward 149.70
Stop Loss: 147.97 (or 146.33 for extended risk management)
Targets: 152.74 and 157.10
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
US Dollar Weakens: Hedge Funds Shift to Short PositionsThe U.S. dollar, long considered a bastion of stability, is facing a significant shift in sentiment as hedge funds begin to adopt a bearish stance. This reversal, marking a notable change since the period following Donald Trump's election, is driven by a complex interplay of economic uncertainties and evolving market expectations.
Factors Driving the Bearish Turn:
• Shifting Federal Reserve Expectations:
o A key driver of this bearish sentiment is the evolving outlook on the Federal Reserve's monetary policy. Initially, expectations of a strong dollar were bolstered by projections of limited Fed rate cuts. However, growing concerns about the fragility of the U.S. economy have led to increased expectations of multiple rate reductions. This shift in expectations weakens the dollar's appeal.
• Economic Uncertainty and Trade Policies:
o Concerns surrounding potential trade wars and the impact of certain economic policies are also weighing on the dollar. Uncertainty about future trade relations and their potential impact on U.S. economic growth is creating apprehension among hedge fund managers.
o The impacts of possible public sector job cuts, and restrictive immigration policies, are also adding to the economic uncertainty.
• Data from the CFTC:
o Data from the Commodity Futures Trading Commission (CFTC) reveals a clear trend. Speculative traders have moved from holding significant long-dollar positions to net short positions, indicating a substantial shift in market sentiment.
• Global Economic Factors:
o The relative strength of other global economies also plays a role. If other global economies are showing signs of stronger growth, that can also put downward pressure on the dollar.
Implications of a Weaker Dollar:
• Impact on Global Trade:
o A weaker dollar can have significant implications for global trade, potentially making U.S. exports more competitive while increasing the cost of imports.
• Inflationary Pressures:
o A depreciating dollar can also contribute to inflationary pressures within the U.S. as import prices rise.
• Investment Flows:
o Changes in the dollar's value can influence international investment flows, as investors adjust their portfolios in response to currency fluctuations.
Market Analysis:
• Analysts are closely monitoring these developments, with some revising their dollar forecasts downward. The shift in hedge fund positioning underscores the growing uncertainty surrounding the U.S. economic outlook.
• It is important to understand that the currency markets are very dynamic, and things can change rapidly.
• The effects of political events, and world wide economic changes can have very large effects on the dollar.
In essence, the shift in hedge fund sentiment reflects a growing recognition of the complex economic challenges facing the U.S. As these challenges unfold, the dollar's trajectory will remain a key focus for investors and policymakers alike.
DOLLAR INDEX (DXY): Bearish Outlook Explained
Dollar Index is currently consolidating within a range on intraday time frames.
Testing its upper boundary, the market formed a double top pattern.
With a strong bearish mood after the opening, the market is going
to drop lower.
Goal - 103.8
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Fundamental Market Analysis for March 24, 2025 GBPUSDThe GBP/USD pair continues to hold below the round 1.2900 mark and is attracting buyers in the Asian session on Monday.
The US Dollar (USD) started the new week on a weak note and halted its three-day recovery from multi-month lows, which in turn is seen as a key factor acting as a tailwind for the GBP/USD pair. Despite the Federal Reserve (Fed) raising its inflation forecast, investors seem convinced that a tariff-induced slowdown in the US economy could force the central bank to resume its rate-cutting cycle in the near future.
In fact, the UK central bank has cautioned against assumptions of rate cuts and has also raised its forecast for inflation to peak this year. This suggests that the Bank of England will reduce borrowing costs more slowly than other central banks, including the Fed, which lends further support to the GBP/USD pair.
Moving forward, traders are awaiting the release of flash PMI indices from the UK and the US for meaningful momentum. In addition, speeches from influential FOMC members will stimulate demand for the dollar, which, along with comments from Bank of England Governor Andrew Bailey, should create short-term trading opportunities for the GBP/USD pair.
Trading recommendation: BUY 1.2930, SL 1.2850, TP 1.3060
The New week can give us a Pullback on Gold!Waiting for the bigger move and for that bigger move to happen we need a solid pill back to fill in some gaps. Focused on the patience for this in order to maximize the reward. Allow Monday and Tues to show if they will reach for the lows and set up. Logically the best entry should come after Tuesday. But you never know. Just wait for it cause price will show when it is ready.
EURUSD: Detailed Support & Resistance Analysis For Next Week
Here is my latest structure analysis for EURUSD;
Resistance 1: 1.0944 - 1.0955 area
Support 1: 1.0804 - 1.0834 area
Support 2: 1.0598 - 1.0630 area
Support 3: 1.0515 - 1.0533 area
Support 4: 1.0359 - 1.0377 area
Support 5: 1.0727 - 1.0290 area
Support 6: 1.0717 - 1.0240 area
Consider these structures for pullback/breakout trading.
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USDCHF: Bullish Outlook Explained 🇺🇸🇨🇭
USDCHF looks bullish after a test of the underlined blue support.
The price formed a double bottom on that and broke its neckline
on Friday.
We see a positive bullish reaction to that after its retest.
I think that the market will continue rising and reach
at least 0.885 resistance.
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP/USD is heating up! A major shift is coming—are you ready?"Analysis:
The correlation between DXY & GBP/USD is playing out perfectly! As the Dollar Index (DXY) approaches key resistance in the 112-113 zone, GBP/USD is reacting inversely, showing signs of a potential drop toward 1.14.
Elliott Wave patterns confirm a high-probability reversal setup, aligning with macroeconomic factors and liquidity zones. If DXY gains strength, expect a bearish breakdown on GBP/USD.
📈 Key Levels to Watch:
GBP/USD Resistance: 1.32-1.34
GBP/USD Support: 1.14
DXY Resistance: 112-113
DXY Support: 102.5
💡 Will GBP/USD hold or break down? Drop your predictions below! 👇
GBP/USD Intraday Short: Targeting a Reversal from 1.2955Intraday Idea - We look to GBPUSD Sell at 1.2955
Technical View
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
Price action looks to be forming a top
A lower correction is expected
Preferred trade is to sell into rallies
Bespoke resistance is located at 1.2955
Stop: 1.2975
Target: 1.2875
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
DXY, bullish or bearish?Welcome back!
Today i'm posting a small idea on the DXY. Usually i cover crypto but the macro is important. A weak dollar correlates with more risk being taken and a strong dollar with less risk being taken. Hence my analysis of the DXY.
In the above chart a couple of things can be seen which makes the outlook hard to predict.
On one side there is a bullflag on the monthly timeframe with a target of 130!
On the other side, looking under we can see a bearish MACD cross and a bearish stoch RSI. On average it takes half a year to a year for a cross like this to recover.
This causes me to be bearish on the dollar and bullish on risk-on assets.
Thanks for reading
Fundamental Market Analysis for March 21, 2025 EURUSDFederal Reserve (Fed) Chairman Jerome Powell downplayed the danger to the economy from US President Donald Trump's tariff threats, which seem to exist in a quantum state where they both exist and don't exist at the same time. According to Fed Chairman Powell, downside risks have certainly increased thanks to repeated tariff threats, but Fed policymakers continue to insist that US economic data remains strong, albeit off recent highs.
The Federal Reserve Bank of Philadelphia's (Fed) manufacturing activity survey for March fell to 12.5 m/m, down from the previous reading of 18.1 and down for the second month in a row, but held the brakes and fell less than the median market forecast of 8.5. US weekly initial jobless claims also rose less than expected at 223,000 new jobless claimants, up from 220,000 the previous week. Investors had expected the figure to be 224k. Sales of existing homes in the US also rose by almost a third of a million transactions more than expected, rising to 4.26 million units in February from a revised January figure of 4.09 million. Market watchers had expected a slight slowdown to 3.95 million.
With little in the way of economic data on Friday, investors will have a week's worth of events to digest. Traders will also keep an eye on any social media developments from President Trump.
Trade recommendation: SELL 1.0850, SL 1.0930, TP 1.0760