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Dollarindex

Is the DXY in a long term downtrend? DXY Downtrend The 6 month candle chart suggests we could be in for at least two red quarters which would suggesting positive markets..... which seems contradictory to the current sentiment BUT not the current charts (S&P, NASDAQ,etc). The weekly chart currently shows the critical resistance at $1.00 and we appear to be heading straight for it. I genuinely think that given the 10 month SMA turning to the downside will act as resistance and the three tests of the underside support may puncture the resistance and lead to further downside., As always there are no guarantee's but the DXY chart in my opinion currently looks bearish long term. I am currently looking at a time based analyses at the which will follow Time will tell PUKA OUT
TVC:DXYShort
by PukaCharts
DXY (Dollar Index) Shorts from 103.400 back down!As the dollar has been consolidating in the past week, opportunities near the current price are limited. However, my nearest Point of Interest (POI) is a supply zone on the 14-hour chart. I am looking to capitalize on this by selling to continue the bearish trend observed in the dollar index. I'll be patiently waiting for a breakout from this range, aiming to fill the imbalances above and eventually reach our identified supply zone. On the flip side, if price breaks below the consolidation, it could tap into a demand zone, sweeping liquidity beneath the range. In this scenario, I anticipate a bullish reaction, possibly a temporary move to the upside before eventually targeting our supply zone. Confluences for Dollar sells are as follows: - Overall temporary trend for this pair is bearish so this idea aligns with that bias. - Bullish pressure is now getting exhausted as you can see from the ranging price action - Price has left imbalances just below the supply that needs to get filled, validating our POI. - There is lots of liquidity to the downside that needs to be taken. - Price is due for a pullback to enter a level of supply if price wants to keep dropping lower. P.S. If price unfolds in a manner similar to how EURUSD is behaving, I will patiently await a breakout from this area. Subsequently, I will assess its behaviour and adapt my approach based on the information the market presents. Have a great week ahead traders!
CAPITALCOM:DXYShort
by Hassan_fx
1
DXY (Dollar Index) is comfortably sitting on support. Risk AheadTVC:DXY is trading within a long term support range and unless it breaks below and closes under 100 on a closing basis, equities and commodities would be at risk. Looking at the structure, the fall from top in DXY looks corrective in nature hence chances are it would rise from this support rather than falling below support. If DXY keeps moving up from here then markets would have topped out in near term at least a correction is likely to ensue. Keep an eye on this!
TVC:DXYShort
by YetAnotherTA
GOLD|Important supply and demand areasHello friends, I hope you are doing well. We have the gold chart in 1 hour.Currently, gold is fluctuating in a trending range area and we have the top and bottom of the trending range to enter trading positions. CPI data will be released today, if we have data that is in favor of gold, that is, the US inflation has decreased, this means that it will harm the dollar index and gold can move upwards. We should know that apart from the top of the trending range, which is a resistance, we have the next resistance in the area of (2046-2044) and after the resistance that is the base of the falling movement, it is around (2066-2064). On the other hand, if inflation is published more than expected, it will benefit the dollar index and can create selling pressure on gold. The area that currently maintains the price is the area (2016-2019). If this area is broken, the next support is the price range (2004-2008) and then the price range (1990-1995). If the price reaches these areas, we can enter trading positions with confirmation
OANDA:XAUUSDShort
by Golden_Star1994
1
DXY: Potential Bearish Gartley PatternThere is potential for a Bearish Gartley pattern. DXY Up, BTC Down. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
TVC:DXY
by CryptoTrend-Alerts
Dollar Index - Two Paths For Q1 Based On Elliott Wave Dollar has shown a great volatility in terms of sharp and strong movements in the last few years, this instrument defiantly have a lot to prove to us before we change our long term view from Bearish to Bullish. Primary Count : Tracking the move from Jul 23 as an incomplete correction, missing one more leg higher towards the 108.28-110.36 area before the next drop occurs. Alternate Count : Consider the correction as already completed and anticipate a further decline of the US Dollar until the elections later this year. For next few weeks, we want to be more bullish in any case and see how market will react from 105.00 but let's see...
TVC:DXY
by ewNicola
💹 U.S. DOLLAR INDEX next week prevision 💹In the dollar we can see that it has to continue its downward trend at least until it reaches areas between 99,700 and 98,490 minimum to end with the 5 of the Elliot wave since it has not reached 100% of the fibonachi extension of the last reverse wave. It is making a brief correction before going down again to break SL's and go down again as we observe a strong accumulation in the area where it closed last week. As soon as it has touched the 100%-127% zone, the bullish trend will continue since it has to go to areas of 108,200 minimum. In summary go short options in the short term and when you have touched the 100 level great opportunities to go long.
TVC:DXY
by Jordi_MM1
A Deep Dive into DXY's Fundamental LandscapeGreetings Traders, Our focus pivots to the US Dollar Index (DXY), where we are actively evaluating a potential selling opportunity around the 102.900 zone. As DXY charts its course within a downtrend, the ongoing correction phase places it in proximity to the trend at the critical 102.900 resistance area. This comprehensive analysis delves into the fundamental landscape, incorporating key indicators such as the Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) decisions, highlighting the significance of monitoring DXY for a broader market perspective. Commencing with the FOMC decisions, the most recent meeting on December 13, 2023, maintained the interest rate at 2.00%. The accompanying dovish rhetoric from the Federal Reserve underscores a commitment to supporting economic growth amidst inflationary pressures. This dovish stance has implications for DXY, as it sets the stage for potential weakness in the US Dollar. Turning our attention to the CPI data, the latest figures reveal a year-over-year inflation rate of 1.2% for October 25, 2023. While this marks a slight increase from the previous 0.8%, it remains below the FOMC's target. The easing inflation provides the Federal Reserve with flexibility in its approach to interest rates, contributing to the overall dovish sentiment. The interest rate differentials between the United States and other major economies further shape the DXY landscape. As of December 13, 2023, the Federal Reserve's interest rate stands at 2.00%, while other central banks, such as the European Central Bank (ECB) and the Bank of Japan, maintain lower rates. This divergence amplifies the potential for DXY weakness, as traders seek higher yields in alternative currencies. Considering the broader market context, monitoring DXY is paramount before making trading decisions across USD pairs, gold, cryptocurrencies, and indices. The inverse correlation between DXY and these assets underscores the interconnected nature of global financial markets. A weakening DXY tends to boost the appeal of alternative assets, impacting trading dynamics across various instruments. In conclusion, as we assess a potential selling opportunity around the 102.900 zone in DXY, the confluence of CPI and FOMC dynamics paints a nuanced picture of USD weakness. Traders are urged to keep a vigilant eye on DXY for insights into the broader market sentiment, influencing trading decisions across a spectrum of financial instruments. Best of luck in your trades, Joe
TVC:DXYShort
by JoeChampion
1
$DXY -Ballads of the Dollar *W (11 Consecutive Green Weeks) Its time for a Dollar Story ! (previous lin echart idea 100-105 Range; before & after to the current spot) The Dollar Index ( TVC:DXY ) has managed to print 11 Consecutive Green Weekly Candlesticks, rallying up as much as 8 % from its July/2023 99.580 Low. A low violating all Technical aspects, which got us into a Short Idea but not for long before changing bias (idea's live chart) TVC:DXY tried to close in Green its 12 Consecutive Candlestick Print, but failed to do so. However, during this up-rally time of Dirty Mighty TVC:DXY for the past 11 Weeks, heavy negatively correlated assets like $EUR/USD and other major FX pair got slapped on the face mercilessly, as well so did the US Major Financial Markets and other Indexes and Equities, but when comparing them with the Fiat Currencies market, their blood shed was less. Is about time for The Dollar Index ( TVC:DXY ) to cool down for a while and correct ? Fundamentally no, as fear and troubles looms for a US Recession being just around the corner. Technically (TA) speaking yes, it is time for a brief correction, would be totally fine for someone looking in to longing the Financial Markets or exchanging their Fiat Dollars for other Major Fiat Currencies. We can see TVC:DXY on line chart having broken the Range's Ceiling of 100-105, as well retesting it (so far). Holding it as Support or finding itself below again facing it as Resistance shall be proven on upcoming week(s)
TVC:DXY
by Mr_J__fx
AUDUSD H4 / Looking for LONG ENTRY 📈 Hello Traders! This is my idea related to AUDUSD H4. I expect a retracement from the resistance level, where we have also an OB. It's a good opportunity to entry long if the strategi is confirmed. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
3
DXY SELL ON RATE HIKES !!!HELLO TRADERS, As i can see DXY DOLLAR had done a retrace after a long drop but still the downtrend is not finish yet ... so i can see a rejection here at this resistance zone so we are re enter on sell as we can yesterday FOMC MEETING show us a rate hike which is not good for Dollar & you can see geopolitical issue also around the world BRICK 70% country are supporting to Dump Dollar and trade in yuan also we can see wars escalating around the world which is not good for Dollar Fundamentally its a sell on DXY now lets see Technically whats going on charts its is showing us a clear view that after a drop its done on retrace and now its moving to daily Horizontal Support zone you can see our previous analysis we are selling DXY from 106.400 levels and now looking for more drop on DXY Friends its just an trade idea Kindly share your thoughts and views on DXY with us in Comment session we appreciate your love and support it help all of our trader community
TVC:DXYShort
by APEX_TRADING_ACADMEY
DXY - The Leading Index For 2024Hello Traders, welcome to today's analysis of Dollar Index. -------- Explanation of my chart analysis: DXY (Dollar Index) has been forming a triple bottom all the way back in 2008 and has been rising ever since. With the recent break above the psychological $100 level, the DXY is once again confirming the bullish strength. If DXY doesn't break below this area, I am targeting new swing highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:DXY
by basictradingtv
7
EURUSD (A huge Earthquake is Coming) Hello my friends, how are you doing? I hope you will fulfil your ambitions ❤️❤️❤️ Today, I want to talk about EURUSD. What a chart! wow. Before that, I want to remember It's not financial advice. so, just see and think about it. I'm just sharing my view and opinion of the chart. Please do your own research. Don't waste time and Let's go into details 🌺🌺🌺 Based on the Elliot wave, we can count waves. each wave includes 5 microwaves and today I want to count the waves at EURUSD. That's all we do. there is a very very important point in this chart and I want to tell you that. Based on Elliot's theory, the second wave can retrace the first wave to a maximum of 0.618 Fibonacci. and if this retracement takes longer, we would expect to see an extended third wave. Exactly, in EURUSD we see this situation. Please check the first photo 👆👆👆 The second wave retraced the first one till 0.886 Fibonacci and it's so dangerous. so we expect to see an extended third wave. in this case, we see the third wave moved to 4.618 Fibonacci. and it sounds strange. it's happened. exactly such as I said. Please check all these photos. And the Fourth wave can retrace to a maximum of 0.618 Fibonacci of the 3rd wave and the last wave (the fifth wave) will begin. Now, it's time to calculate the last PRZ for the end of the fifth wave. I did it for you guys. And I expect the fifth wave to drop to 0.85-0.88. it means that the worth of EURUSD drops to a zone between 0.85-0.88 and if this happens, all markets will drop soon. please, for God's sake, watch the market. the situation is so complicated. don't forget to save your profit. SP500, BTC, NDX and so on will drop soon more than you think. ✔️ ✔️ it was my duty to warn you about this earthquake. I'm sure you are confused right now. But it's ok and there is no problem. Time Proves Everything. If you have any questions, or if you need to know more details please don't hesitate to contact me. 🙏🙏 Please don’t forget to like 👍, follow ✌️, and share 👌 this analysis with your friends. Thank you so much for your attention and participation 🙏🙏 Wish you the best 🧞♀️ Sincerely Yours 🙏🙏 Ho3ein.mnD
Short
by Sticky-Stock
2
DXY (Dollar Index) Shorts from 101.800 down to 100.800The outlook for the Dollar this week is a continuation of its bearish trajectory. With a recent downside break in structure, I anticipate a correction, expecting the price to retrace into the 14-hour supply zone. Upon entering my Point of Interest (POI), I'll wait for price distribution and a change in character as a signal that the dollar is prepared for a decline. Additionally, I acknowledge the presence of imbalances above the supply, suggesting the potential for a break beyond this supply into a more premium area. Confluences for Dollar Sells are as follows: - This bias aligns with the current bearish trend that has been perpetuated. - Lots of major trend lines, equal lows and asian lows below on the higher time frame. - There's a14hr supply zone that has broken structure to the downside causing BOS. - For price to maintain its bearish trend it must react off a supply to trigger another sell off. P.S. While the dollar maintains an overall bullish stance on the higher time frame, it's only a matter of time before price sweeps liquidity and reacts strongly to a major supply. However, given the current bearish movement, It's advisable to follow the existing trend instead of opposing it for the time being. If you guys have any interesting perspectives on this market, feel free to share down below!
CAPITALCOM:DXYShort
by Hassan_fx
Dollar Index PivotBetting against the dollar is growing in popularity after the Federal Reserve upended markets by signaling the end of its monetary tightening campaign. Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback in the week ended Tuesday. More than 39,000 contracts are now tied to expectations the US currency will fall, up more than 10,000 from a week ago when the Fed was preparing to meet, the data show. The currency has suffered a pronounced slump in the wake of that confab, when the Fed released updated economic projections forecasting additional monetary easing next year. Indeed, while there are now more contracts betting on dollar weakness, the dollar value of those contracts has actually slipped to $5.5 billion, slightly lower than last week. The dollar extended its drop on Friday after the Fed’s preferred gauge of underlying inflation showed muted price gains, affirming the central bank’s pivot toward interest-rate cuts next year. What is your opinion on Dollar in 2024? Trade with care Like | Share | Comment
TVC:DXY
by TheAnonymousBanker
8
🗺️DXY Index Roadmap🗺️🏃‍♂️The DXY index has been moving in the Descending Channel for over two months . 🌊According to Elliott's wave theory , the DXY Index is near the end of the main wave 5 . 🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame , we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5 . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect the DXY Index to start rising after touching the 🟢 Support zone($101.30-$100.80) 🟢, Support lines , and 🟡 Price Reversal Zone(PRZ) 🟡 and complete the main wave 5. The increase of the DXY index can fill the upper 🔵 GAP 🔵 and attack the upper line of the descending channel. 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
8