EURUSD has revers to a bullish sentiment after the tap on the demand zone and a strong shift of 4H momentum candle that show strength of the buyers and weakness of the seller hence expecting a rise to 1.06941.
Dollarindex
Can The Dollar Push Higher? Hey traders, welcome back.
The dollar is increasing heavily to the upside as I make this video.
Now we don't know how price will close but it is important to watch how she closes today.
If price continues this could affect the major currency pair market in a mighty way.
All Base dollar pairs could continue to increase while Quote dollar pairs could continue to decrease.
It's a patience game right now, but may be one to play if you have the right hand.
Dollar Index (DXY): Detailed Technical Outlook 💵
Multiple time frame analysis for Dollar Index.
Price action & important key levels.
Directional bias & thoughts.
Trading plan explained.
❤️Please, support this video with like and comment!❤️
Prediction of the dollar index in the long term (weekly)The dollar index has moved on the path of July 11 so far and the scenario has not changed for now
According to the left of the chart and the completion of the technical model of liquidity provision, the long-term correction of the dollar index has been completed and it has started its main movement. This break of the dollar in 2023, in my opinion, was like the rest of a sheep before going to the slaughterhouse.
2023 was a break before the slaughter of all markets and 2024 is the beginning of the fall of markets.
This is confirmed by the dollar index with targets of 114 and 121.
Of course, markets like crypto are still alive and we can see price growth in them, but soon they will also approach the crash market.
The whales are currently resting.
US-DXY SELL AFTER BREAKOUT !!!HELLO TRADERS ,
Double-Top Patterns Indicate Market Rally Could Be Nearing End
as i can see the chart DXY is holding a support zone and trading under the trend line so
outer middle east tensions are increasing day by day no ceasefire happen soon in coming days war is spreading to other nations that not good for $ it had still not touch 107.40 level in this volatility this just an idea i personally enter in sell if it break the support as it is drawn in chart with a small risk and higher rewards
Stay tuned for updates on chart
How New Dollar Highs Affect The MajorsHi my trading friends,
Have you been following the dollar and what she has been doing over this past week? If not, I got you. The dollar made a new high after pulling back in a slight downtrend over the last few weeks.
We now need to see if price can hold that high position or fall.
Let me know in the comment section below what your next move will look like!
Like this post to boost it. Reply to let me know you care.
US Dollar Soaring with US Yield - Let's Long DXY!US dollar is currently on the rise, dancing in perfect harmony with the surging US yield!
The US dollar has been flexing its muscles lately, gaining strength against several major currencies. This upward trajectory has been propelled by the impressive rise in US yields, which have been climbing to new heights. It's a fantastic opportunity for us to capitalize on this bullish trend and potentially reap some significant rewards.
Now, you might be wondering how we can make the most of this incredible situation. Well, my dear traders, I would highly encourage you to consider going long on the US Dollar Index (DXY). By taking a long position on DXY, we can align ourselves with the current market sentiment and potentially maximize our profits.
Here's why I believe this is a golden opportunity:
1. Strong US Economy: The US economy has been showing remarkable resilience, with positive economic indicators and robust recovery efforts. This strength is attracting investors, leading to increased demand for the US dollar.
2. Rising US Yield: The surge in US yields has been grabbing attention worldwide, making US bonds more attractive to investors seeking higher returns. This influx of capital further bolsters the US dollar's position.
3. Technical Indicators: By analyzing technical indicators, we can see a bullish pattern emerging in the US dollar. This pattern, combined with the positive fundamentals, reinforces our confidence in the potential success of a long position on DXY.
So, my dear traders, let's seize this opportunity and ride the wave of the rising US dollar together! I urge you to carefully evaluate your trading strategies, assess the risks involved, and consider initiating a long position on DXY to potentially capitalize on this exciting market movement.
Remember, success in trading often comes from recognizing opportunities and acting upon them swiftly. The US dollar's ascent, coupled with the soaring US yield, presents us with a chance to make profitable trades and elevate our trading portfolios.
DXY: Grass isn't greener above 107The Dollar Index (DXY) finds itself stretching towards the top of the current trading channel, eyeing the 107 mark. While this channel top is foreseen as a limiting factor in the future, the immediate trajectory for DXY hints at a stretch towards 107 before a possible retrace to the channel bottom.
Key Observations:
1. Targeting 107: DXY is progressing towards 107, post which, a descent to the red box at the channel's bottom (between 97 and 93) aligned with the 50-period Moving Average (MA) on the 3-month chart is expected.
2. Fisher Indicator: A crucial retest of the channel to meet the 55 MA/EMA is highlighted by the Fisher Indicator, verifying the trend's sustainability.
3. Pullback Needed: Despite the run, the stretched outlook on daily and weekly charts suggests a necessary pullback to at least 104, aiming for a retest of the 50-week MA.
4. ABCDE Corrective Pattern: If this phase represents the D in an ABCDE corrective pattern, the 50-month MA on the 3-month chart could help pinpoint our E.
5. Risk Assets Opportunity: As DXY nears its peak around 107, a window of opportunity opens for risk-on assets like BTC, stocks, etc., indicating a favorable period for entry.
6. Golden Cross at 103.1: This critical level needs to hold, albeit, in the short term, it's likely to continue straining risk-on assets, orchestrating a market strangle.
(Note: Thorough personal analysis and risk management are crucial before making any trading or investment decisions.)
DXY short term Shorts to 105.200SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards 105.200 or even lower possibly to 104.700. Once price reaches there we will then expect the dollar to push back up again from those POI's below ( 6hr or 4hr demand zone.)
My confluences for dollar (DXY) shorts are as follows:
- Price changed character to the downside on the higher time frame as well as broke structure indicating the shift in trend has become bearish.
- Price entered an 8hr supply zone that has caused this break of structure to the downside.
- Momentum has slowed down (a good sign that price wants to go back down.)
-Wyckoff distribution taking place to liquidate any previous buyers that was in profit to then allow us to enter the best possible sell position down towards the designated target.
- A few Imbalances have been left below that it must come back and fill.
- Lots of liquidity below as well to target in the form of untouched Asia lows and engineering liquidity.
P.S. Obviously as this is not the only possible scenario, price could also go higher and react off the 6hr supply zone above current price and mitigate that extreme zone to then sell off from there. Either way we are anticipating a drop to follow the bearish trend that has been formed.
Dollar Show Signs of Flat Price Action until Year-End
Here is an important update regarding the current state of the dollar and its potential price action for the remainder of the year. It is crucial to approach the subject with caution and consider the implications for your investment decisions.
Over the past few months, the dollar has exhibited signs of flat price movement, showing limited volatility and a lack of clear direction. This trend is likely to persist until the end of the year, as various economic factors and market uncertainties continue to influence its performance.
While it is tempting to engage in active investing in the Dollar Index (DXY) during such periods, it is important to exercise prudence and carefully evaluate the potential risks involved. The lack of significant movement in the dollar can make it challenging to achieve substantial returns within a short timeframe.
Considering these circumstances, I encourage you to pause your DXY investing activities and reassess your strategies accordingly. It is crucial to remain vigilant and closely monitor market developments, as sudden shifts in global economic dynamics or geopolitical events could potentially disrupt the current flat price action.
As traders, it is essential to adapt to the prevailing market conditions and adjust our investment approaches accordingly. This period of relative stability in the dollar can provide an opportunity to diversify our portfolios and explore alternative investment options that may offer better potential returns.
I urge you to consider this cautious approach and take the necessary time to evaluate your investment strategies. By doing so, you can ensure that your capital is deployed wisely and in alignment with the prevailing market dynamics.
Thank you for your attention, and I wish you continued success in your trading endeavors.
Dollar Index (DXY): Detailed Technical Outlook 💵
Price action analysis for Dollar Index.
Important key levels.
Potential scenarios.
Technical outlook.
❤️Please, support this video with like and comment!❤️
Dollar fell sharply, reaching its lowest levelThe dollar index fell below 105.5 on Tuesday, its lowest in a month, as U.S. Treasury yields fell as investors continued to assess the outlook for the Federal Reserve's monetary policy. .
The benchmark 10-year Treasury yield fell from 5% on Monday after Pershing Square's Bill Ackman said he hedged short positions in bonds due to geopolitical risks on the day. .
Fed Chairman Jerome Powell said last week that current policy is less hawkish and that the Fed is proceeding with caution and will decide its next steps based on future indicators, changes in the outlook, and balance sheet risks. .
Investors are now awaiting U.S. GDP data and the Fed's preferred inflation indicators to be released this week for further guidance ahead of next week's central bank policy decision.
DXY CREATED A HEAD AND SHOULDER PATTERNDXY confirmed a breakout on the trend line formed and yet after some consolidation we have seen the DXY created a head and shoulder pattern for a potential bearish perspective. Here we witnessed a breakout on the neckline after completing the right shoulder of the structure. Now we expect a potential downside momentum with the confirmation towards the 104.430 to 102.940 levels
Gold To 1943$Gold is going to test 1943$ Level this week.
Probably it will go down again after ending uptrend.
We will wait to test this level then take another look.
EURUSD Highs Vs. The Dollar Lows?Hi traders. EURUSD is showing alot of bullish push today. The question we must ask ourselves is is this a strong bullish push?Can the buyers take control. If so, EURUSD may have a great buying opportunity in the near future.
The dollar is showing weakness today. The question is, are the sellers taking control?If so, it can give EURUSD the bullish push it needs to continue higher.
Let me know what you think by commenting below. Remember to add value and be respectful.
Like the video for more and I'll keep you updated on the movement.
-Shaquan
DXY stabilized around 106.5Gold prices (XAU/USD) regained some of last week's gains and hovered around $1,975 during Asian trading on Monday. The bullish outlook for precious metals is supported by flows into safe-haven assets amid rising geopolitical tensions in the Middle East. Meanwhile, the US dollar index (DXY), which measures the value of the US dollar against six other major currencies, remained stable at around 106.15.
Federal Reserve Chairman Jerome Powell has indicated that he would like to pause interest rate hikes in the coming months and monitor developments in economic indicators. Powell added. He explained that tighter monetary policy could become appropriate if there are further signs of above-trend growth or if labor market easing ends. The better-than-expected data could boost the US dollar (USD) and put pressure on USD-denominated gold.
On the other hand, rising tensions in the Middle East could cause prices for safe-haven assets such as gold to rise. But on Sunday, concerns grew that the conflict between Israel and Hamas could escalate into larger-scale fighting in the Middle East, with the US government warning of grave risks to its interests. America in this region
dxy down trend for 3 monthshi, first im sorry for mistake in my english grammer, its a forecast about dxy for 3 months and its base on fundamental and technical analysis, i expect that dollar index will continue to rise this week, and we may have conformation of beginning of the decline at the end of the week depending on movment.
my expectation for this week in currency pairs:
eurusd and gbpusd , audusd, nzdusd : down trend
usdcad and usdjpy : up trend
this content in not signal for trade and you are responsible for your trades.
90% of my trading problems were solved by sizing down, try it, you'd be suprised.
good luck
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Dollar Can look For A Final Leg UpHey traders,
In this article, I will talk about Dollar index, but before going into it, I want to invite you to our webinar here on tradingview like each Monday at 15CET, CLICK HERE
For now the USD remains in uptrend despite Powells comments yesterday, who acknowledged that the increase in bond yields was leading to more restrictive financial conditions and recognized that this could potentially impact monetary policy. Not exactly really sure what this means for their decision looking forward, but I am sure that the main goal is to bring inflation back down to 2%, so possibly they may not hike too much anymore, but rather only keep rates at high levels for longer periods of time.
However, high yields are not the only main problem these days, we also have geopolitical issues that may not end any time soon, so the dollar remains in an uptrend ahead of the weekend as a "safehaven".
Looking at the Dollar index chart, notice that there is a nice and strong support still in play for the DXY, its at March swing highs, so as long this one is not breached tot eh downisde, the uptrend for the US currency is still alive. In fact, from an Elliott wave perspective, we see nice corrective wave four here, possibly even its a triangle, so one more push is possible, especially if stocks will stay in risk-off mode.
If 105 support is cleared out then I may consider a top for the DXY.
Trade well,
Grega
DXY 4HR Swing IdeaHere is my analysis on the DXY!! in the last couple of days the dollar has fallen short.
Price has impulsively broken structure to the upside leaving behid a clear supply zone to be mitigated. This presents a buying opportunity at discounted Fibonacci levels.
GBPUSD shortSo,I am planning buy dollar again!There is no signal to short USD yet!
Israel Palestine conflict may also support US dollar + NFP was positive
Also we are at 4th quarter of trading year so I need to see Dxy cleares last old high level!
Till then I am going to buy Dollar!
Manage your risks!Happy Trading)
DXY(Dollar Index): 18/10/2023: Possible scenarios As you can see, the market structure is bullish so we expect higher prices will be seen.
Since the price collected liquidity below 105.5 and then had a bullish reaction we mentioned Order Flow and Order block as support that can cause the price to move higher for creating a higher high.
💡Wait for the update!
🗓18/10/2023
🔎 DYOR
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DXY D1 - Short SignalDXY D1
Unfortunately we haven't seen an awful amount of response yet from the dollar index. Still waiting for a bit more confirmation on the downside potential here, and thus ***USD longs.
US100 and US30 have been climbing, with a short reaction from US30's 34000 price we marked yesterday. How much mileage this may have? I don't know, it depends on how to dollar performs at it's current price.
