Get started

Dollarindex

Retest 1.083 prior to more Downside -> EurUsd 🐺Based off fundamentals and apparent momentum in the market, my bias remains as bearish for the EurUsd currency pair. The Monthly candle has reteaced nearly all of it's gains as we come to a close in 2 days. The the top wick signals rejection from the high of the Monthly resistance to me (1.103). This coincided with Jobs data and Increasing inflation data and the last few weeks we have observed bearish momentum in the market. Yes this week so far we have recieved some buying pressure off the 1.0805 daily support level. Although with GDP data forecasted to remain unchanged tomorrow and Housing data expected to grow for the U.S. economy, I can observe more potnetial USD strength to end the March Monthly candle. First target is 1.0805 retest of the Daily support level, then 1.08 4hr zone and ultimately 1.0768 weekly level
Short
by ShrewdCatfx
4
The Great Wall of 1.0805 Daily Level 🐼Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of New York session we will observe some sort of dead cat bounce after the freefall drop from the prior week. Target for a retracemnet is 1.08279 4hr zone. Retracements are a healthy part of a trending market but we don't have to bounce necessarily. We may very well just cntinue to drop towards our next siginifcant level and clear a 40 pips range down to Weekly Support level 1.0768. Intro and monthly timeframe 0:0 Weekly timeframe 2:13 3:52 daily timframe 6:29 4hr timeframe 7:49 1hr timeframe
by ShrewdCatfx
Is DXY about to pump to 105.??Based on the daily chart, I'm expecting a correction to 105 before bearish continuation. If 105 does not hold then we like will see dollar getting strong, so that leaves a question of whats gonna happen to pairs trading against the dollar?? but I am expecting 105 to hold, then from then bearish continuation to complete wave 5 since if 105 holds then our wave 4 will be around that price. In summary: Pump to 105 is expected. 105 breaks then expect 108. 105 holds then expect further drop on DXY till new Lows below 100.
TVC:DXYLong
by Theofylrx
2
DXY Index Can Go Up by Classical Technical Analysis Pattern🚀🏃‍♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢. 📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern . 🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢. 🔔I expect the DXY Index to rise to at least the 61.8% Fibonacci level and Resistance lines . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
9
Red Previous Weekly Candle Vs Weak Usd Data🛡️⚔️Hello Traders.. Another new week of trading ahead. No news announcements to kick off the week so expecting some smooth price action. Monday's can move nicely as volatility is typically lower. It's during the end of the week when we observe more aggressive trends and thats when you can really let your winning trades run. Coming out of the Weekly candle closure from last week, we may observe a continuation of bearish momentum towards 4hr zone 1.0873 or the next daily support level 1.08516. We also should consider the weak data that came out for the USD on Friday.. Consumer sentiment and Manufacturing data both missed expectations and the Daily candle for Friday closed Bullish.. In this case we may observe an increase towards extreme level 1.090 flat. 0:0 Monthly Timeframe 1:14 Weekly timeframe 2:30 Daily timeframe 4:10 4Hr timeframe 6:48 1Hr timeframe
Short
by ShrewdCatfx
2
DXY Index will Go Down to next Support zone✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴. 🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the 🟢 Support zone($104.30-$103.89) 🟢, I expect the DXY index to continue declining until the next 🟢Support zone($102.86-$102.420)🟢 . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYShort
by pejman_zwin
4
Gold and Silver We had a nice week for gold and silver. Both rallied higher as DXY fell and reached below 103. The level that we have been waiting for in the past weeks. Now that DXY had a nice weakly bearish candle closing below 103, what should we expect for gold and silver? Would this rally continue this week as well? I don't know. I'm just enjoying the ride. However, there will be always a correction. so let's talk about that. As you can see silver exactly followed our green scenario in the past three weeks. Gold also moved in the direction we expected and surprised me with its vertical move. 😁 I think this week we can also see green weekly candles in gold and silver and a big red candle in DXY. However, in case of a correction at THESE PRICES, these are my expected levels for gold, silver, and DXY. GOLD: A strong support for gold would be $2040 - $2080 area. SILVER: A strong support for silver would be $23 - $23.5 DXY: A strong resistance for DXY would be 103.5
OANDA:XAUUSD
by SamanFx0
DOLLARINDEX REACH DAILY TARGET 103.200 Life happen for you not to you.. those who fail to plan, plan to fail.. Traders our discipline and consistency prevail again today. If you don't fail you are not even trying, don't complain about the trades you lost and the money you did not make.. A lot of people spend dollar but do not make money from it.. With detailed analysis we have prepared ourselves for success by just preparing for one bag. DXY drop from 104.000 to 103.300- .200 area. We bagged 200 pips from GOLD You have a skill that only 3% of the world population have, that why you should not quit. I will never quit.. I love trading.. Today is successful Looking forward to tomorrow. Thanks for trading with me today.
TVC:DXYShort
by stuckinprofit
DXY BEARS COULD RETEST 103.000 I often talk about the power of looking over our trades for those highs and lows over time, not because we can not trade but because we can be dynamic. Well to put it simply, I am bullish on DXY this year but price failed to break above 105.00 and 104.000 respectively.. Price seem to be unfolding to bring about something beautiful on the chart, this might just be what we need, the world seem to always give us what we ask for, and instead of accepting the continuation of my previous bias, I accept the evolution of my self and for my sake and the world, I am not afraid to share this.
TVC:DXYShort
by stuckinprofit
DXY - 4H bullish signsBased on the chart, my bullish stance on the DXY (U.S. Dollar Index) is due to the clear pattern repetition visible in the price action. The Index has formed what appears to be a bullish channel pattern, showing higher lows and higher highs within a confined range. The recent break above the consolidation zone within the channel suggests a continuation of the uptrend. The repeated ability of the DXY to bounce off the lower trend line of the channel and push through the upper bounds demonstrates a strong underlying buying pressure. Historically, patterns like these can often precede further upward movements as the market respects the established trend. This technical analysis implies that the DXY has the potential to continue its upward trajectory, maintaining the trend that has been established over previous cycles within the chart. Remember to follow for more updates and insights as we keep an eye on the DXY's performance.
TVC:DXYLong
by Sober_Trading
Greenback Correcting Its Dovish OversoldWhat market participants expected: - 2023 Sept: Betting one last rate hike (a 4th in year 2023) in Nov/Dec FOMC meeting. - 2023 Dec: No rate hike in Dec FOMC meeting. Afterwards, expected the Fed to cut in March 2024 What the Fed told us: - According to the 'dot plot', majority of committee anticipate a 50-100 bps cut by the end of 2024. - Powell once said the Fed will act if inflation comes back up. USD movement: - "Hawkish" Nov/Dec rate hike expectation fell short that was interpreted as Powell's "dovish" stance. - Implied 150 bps rate cut mismatched the Fed's projection. - Speculations amplified the "mismatch" during holiday session when traders and fed officials are in the holiday. - When volume comes back after holiday, markets act to correct. Technical view: - DXY still being the triangle, i.e. support found upon its upward trendline - Short-run key level would be 103, where around a former bottom - Actual resistance should be 104 when an inverted Head and Shoulder pattern is forming.
TVC:DXYLong
by kenhungbiz
1
Eur/Usd March 24'... Risk on Sentiment? 🕶️Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago. Apologies if this analysis was a bit scattered and have a nice day! 0:0 Intro and Monhtly timeframe 1:50 Weekly timeframe 3:31 Daily timeframe 3:51 back to Monthly to explain new monthly candle potential 5:10 back to daily timeframe 6:53 4Hr timeframe 8:16 1Hr timeframe Attempted a brief analysis but ofc it ran longer than I would've liked :)
Long
by ShrewdCatfx