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Dollarindex

DXY made a huge bearish break-out. The 1W MA200 is next.Last time we looked at the U.S. Dollar Index (DXY) we gave a sell signal on the exact top, the Lower Highs trend-line (chart below): Our first target (102.000) got hit, which was basically the 1W MA100 (green trend-line) that supported on the May 08 bounce. This week, that trend-line broke emphatically (also the 100.825 Support) and that is a strong bearish break-out signal. Technically the 1W MA200 (orange trend-line) is next, which has been our second target (98.550) since our June 04 analysis. Notice also that even the 1W RSI broke below its 35.05 Support, a clear indication that the long-term strength has shifted to bearish. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
Dollar weakness is a welcomed sight!Dollar weakness has been a relief for sore eyes 👀. Why? Well Dollar weakness usually comes with the rise of all other correlated pairs alongside t the equities market, as we have seen since yesterday Tuesday July 11 are aiming at new Highs. Expectations are for Dollar to reach the target of $99.5522 It is showing a very strong selling pressure and we will take a look again at this price to see some sort of reaction. The Dollar has decisively broken thru the $100.44 mark while everyone else was expecting a bounce. It is possible to see Dollar reach $97.22 before months end were I have placed the yellow line to indicate what I consider a weekly price target for Dollar. While many are still expecting to see Dollar return or bounce back to $101.55 at least this will not occur until you start seeing a weakening of the downside push.
CAPITALCOM:DXYShort
by JP_Tru
GOLD/DOLLAR: Divergence in short term?Divergences or correlations are rarely always valid, there are many variables at play and the monetary policy context plays a fundamental role. I don't want to do an economic analysis here, but just share this idea of possible divergence between Dollar and Gold in short term. In mid-term, I think we will see a warm autumn and volatility could reign in the markets for a few months. Together with our supporters we are following the evolution of events in our blog, and Gold & Dollar will be our drivers at least until the end of 2023. In conclusion, this divergence could be useful in our analyses, always keeping in mind that it is only temporary! GOLD FUNDAMENTAL ANALYSIS Q1 Like to support my work. Trade with care!
OANDA:XAUUSD
by TheAnonymousBanker
3
DXY: Crossed under the 6 month Support. Sell signal.The US Dollar Index crossed today under the S1 (100.800) for the first time since February 2nd and this sets in motion the second part of this new bearish leg of the Channel Down pattern. The 1D timeframe turned oversold (RSI = 28.999, MACD = -0.360, ADX = 23.314) and with the 1D RSI imitating the November 11th 2022 Low (as well as the MACD), it is likely to get a short term rebound until the oversold state normalizes. We will use this potential bounce as a sell entry and target the bottom of the Channel Down (TP = 97.770), which potentially completes also a -6.66% decline from the top. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYShort
by InvestingScope
2
DXY forecast on Weekly time frameIn the end, the reins of all markets are in the hands of the great devil "dollar". We must check the dollar index for this analysis of all markets so that we can understand where the market maker wants to take us. In my personal opinion, the recent drop in the dollar index is only fuel for the big pump, which will eventually fall into the hands of this cunning devil. I am checking for the exact area to finish this refueling and start moving but In the long term, I am certain that the dollar index will cross 115. "Not financial advice"
TVC:DXYLong
by fiftytwohertzwhale
1
US DOLLAR INDEX ____ INCOMING BULLISH RALLYHello Guys, As I have stated most times that at some point, the dollar will rally and reach higher prices. I suspect we have gotten to that period. I will insert my previous analysis for this. With this view of the dollar rally, I would be looking out for USD pairs that have a good structure in alignment with the dollar rally. Pairs like: USDCHF, USDSGD & XAGUSD have very interesting price structures. I advise you to monitor them. Follow me for more updates. US DOLLAR INDEX (Previous analysis) Cheers, Jabari
FX:USDOLLARLong
by jabariofafrica
Meet in the Middle Again?Could the US Dollar Index revisit its all time high, as the Euro again sees its all time low? TVC:DXY broke a long-term falling wedge, re-tested its top and then moved up. FX:EURUSD broke a long-term rising wedge, re-tested its bottom and then moved down. The Euro has risen slightly above the middle of its "M" or double-top pattern. This could be a pullback, or we might see yet another weaker attempt at a re-test of the long-term rising wedge. Meanwhile, DXY is still maintaining above the middle of its "W" or double-bottom and has yet to have shown a pullback below it. The Euro could be an indicator of near-term direction for DXY. Should it continue up for another re-test of its wedge, we may see DXY move further down and do the same with its wedge. On the other hand, if the Euro moves back below the middle of its "M" pattern, DXY may continue on up towards the proposed meet in the middle above.
by dudebruhwhoa
DXY Potential UpsidesHey Traders, As we enter the upcoming week, our attention is focused on DXY, as it presents a potential buying opportunity within the 102.150 zone. Previously, DXY had been trading in a downtrend, but it successfully broke out of this pattern. Currently, DXY appears to be approaching the retrace area, signaling a potential second retracement from the 102.150 support and resistance zone. I strongly recommend regularly monitoring DXY, not only before each trading week but ideally on a daily basis. This practice will enable you to trade with greater professionalism when dealing with USD pairs, allowing you to identify their direction and potentially uncover correlations between USD, equities, cryptocurrencies, and indices. Trade safe, Joe.
TVC:DXYLong
by JoeChampion
16
Dollar indexDollar index: As you know DXY determines pairs related to USD (which means all markets). 2 days ago, I had an analysis regarding dollar index. I don't know I published it or not (I guess not). But so far it exactly followed my analysis. I expected a high in dollar index (external liquidity sweep) and then a huge low to sweep internal liquidity which happened today. There is a nice order block (demand zone) which I have marked. I expect a reaction from this zone. if it breaks this zone I have marked another zone below this zone which I expect a reaction too. As you know, positive reaction in dollar index means negatvve reaction on EURUSD. So for the next move, I expect a positive reaction to the order block in dollar index, and negative reaction to the order block in EURUSD which will be my next analysis.
TVC:DXYLong
by SignalsForAll
Eurusd Pulls up to end the week 📺The Weekly candle has flipped bullish with NFP data as I outlined as a possible scenario in yesterday's publishing and appears to be now headed towards 1.096 Daily resistance zone( Also the other side of the daily range). We are currently above 1.091 daily resistance zone and closed at this level with the 4hr candle. The 4hr candle closed quite strongly bullish. We have done a retest at our previous 4h resistance zone(1.09) which has just acted as a support level 40 minutes ago. We are seeing a bullish push to end off the week here and I think it may continue towards 1.0936 and 1.096 Daily resistance zone. We are consistently holing above 1.091 daily resistance zone and the 4hr close has given us confirmation that we may continue up. We have now gotten 2 1hr candles and 1 4hr candle close above 1.091 daily resistance zone. It may act as a support now after we have recieved candle closure confirmation on the 1hr/4hr timeframes. I was originally looking for sell positions on Eurusd with NFP. Instead we saw that —> 1) I Identified that NFP data was expected to decrease overall from the prior period ( Not a positive for USD) 2) The data was worse than what was forecasted by analysts' ( Not good for USD) 3) Price printed a strong daily candle closure back inside our daily timeframe range with yesterday's daily candle. Our daily timeframe range being between 1.085-6 Daily Support and 1.096 Daily Resistance 1 Trade today. Buy Stops with NFP Explanation : So price created a Daily resistance zone on Monday. On Tuesday it respected the daily resistance zone and moved down accordingly. I placed my buy stop position above this high of Tuesday's price. One position closed for +8 Pips, Other position closed for +9.3 Pips 💰. My target was the next 1hr resistance zone as we noted in yesterday's publishing at 1.0936. I secured partial positions and extend my Take Profit to 8-10 Pips during news trading and Lowered my position size accordingly. Data
Long
by ShrewdCatfx
BluetonaFX - DXY Triangle OpportunityHi Traders! We are nearing a bullish breakout on the US Dollar Index (DXY) 1D chart. This, however, will be heavily dependent on today's and tomorrow's very important fundamental data releases, which will indicate where the US economy is heading. Looking at the technical price action on the chart, we have marked a few key things to focus on. Firstly, there is a symmetrical triangle formation that has developed on the chart, which is a pattern that is neither bullish nor bearish; however, we have a bullish bias on the basis that there was a recent strong bullish momentum swing to test the upside trendline for a possible break above. If there is a break above, we have the psychological 104.000 as a target; the market has not been above the 104.000 level in 4 weeks. Further to the upside, there is the longer-term resistance level at 104.699. This is May 2023's high, so if there is strong bullish momentum, especially if there is positive data for the US in the next couple of days, this level will be a target. On the downside, if we do not get a break and close above the trendline, the market will go back into the range, and we have possible long-term support at 101.921. Please do not forget to like, comment, and follow. Thank you for your support. BluetonaFX 
TVC:DXY
by BluetonaFX
2