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Dollarindex

So You Wanna Trade Forex - US DOLLAR INDEX REVIEW - 040423Dollar looking pleasant. Interested to see how price action will play out late in Asisan and up until London with the NZD Cash Rate coming out within the next hour. Price Action has been on the bearish side as o late and could be expected to continue in the trend until about 101.1 On the upside I would be interested to see price come back to 102 and perhaps magnetize and show some respect instead of a dropping free for all knife, due to the amount of uncertainty currently present in the markets. There is a lot o stimulating news on the economic front, so being more engaged with the fundamentals to have an overall better understanding of market sentiment is vital. Looking froward to NFP potentially shedding more light on the economic situation as ar as the USD is concerned.
TVC:DXYShort
by MultiBillionaireMom
DXYThe last bottom is really important to change or continue bearish trend. As you know we need DXY to analysis most of the charts so we should know DXY trend. If price break down the bottom it can continue and cause to break and change most of my analysis. if price turn before the last bottom, it can go up to around last top and all of my analysis is true, and you can use it. if price touch bottom line and turn to up, we should analysis DXY with next wave to change analysis DXY and other charts.
TVC:DXY
by Ahmad_sunboy
DXY: Time to start buying USDThe DXY is trading inside a Channel Down with the 4H technicals naturally bearish (RSI = 33.732, MACD = -0.220, ADX = 19.580) and the RSI on LH. This could be similar to the November/ January Channel Down, only smaller as the RSI shows a similar pattern. Since the price has already reached the 2.618 Fibonacci extension, we will start buying USD aiming at Fib 1.0 (TP = 104.250) and then short again as that will bring us near the LH which is the long term Resistance. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYLong
by InvestingScope
2
Bounced off Daily Zone 1.07971 & Large Daily Wick is Bullish 🤷‍Value in Description ⬇️ Beware we have returned close to our extreme prices after an abrupt beginning to the week. Price fell into the abyss as optimistic buyers were a bit too early like myself. This NY session though we managed to grab a spot on the train. I was bearish walking into the week and was expecting a pullback to these prices. However , after that start to the week and observing how the daily candle may close with the large bottom wick, it gives me more confidence that we may blast through the extreme prices at 1.093. Our next target may be the previous monthly candle wick at 1.103 and which is also the next weekly Zone above where we are currently at (1.088) NFP on friday will be catalyst for large move here. Especially with this start to the week. We already have a large imbalance and it's obvious. More analysis : We have created a Lower Low on the 4Hr TF. NFP is setting up early in the week at extreme prices 1.093 area. Retesting, before we move back down to 1.079 and reject extreme prices at a Monthly and weekly S/R level at 1.09.
Long
by ShrewdCatfx
2
DOLLAR Index 1H - 4/4/23 AnalysisInteresting level here, price finally got a break below 102, Job reports were lacking by close to a million jobs and factory orders are down to -0.7% when -0.4% was expected. On a macro sense, there appears to be a large amount of indecision in the market and it is reflected in the price movements. Fundamental news vastly supports the level of indecision that is present. Looking at the 1H, I'm curious to see if price will show magnetism towards this level considering its a long-term major reversal area. Magnetism supports longer consolidation period or zone and could again be reflected in the news. I think Market Sentiment is key now when preparing trades for the Dollar simply because they is so much happening in the news. There has been some latency in the market, this could be a period where volatility and momentum could pick up as we move throughout the year. Near-term, I'm expecting price to seek down 101.100 before stagnating and determining where to go from there.
TVC:DXY
by MultiBillionaireMom
1
MIXED BAG TO START SECOND QUARTERAfter a strong first quarter for equity markets, the second quarter brings its share of new challenges. The unexpected announcement from OPEC+ to cut oil production did not provoke panic in stock markets, with the main stock markets closing the day up, but caution is still the name of the game. The ISM manufacturing index, released yesterday in the United States, confirms that the Fed's efforts to rein in inflation are working. For the fifth consecutive month, the index is sitting below 50, its lowest level since May 2020, signaling a contraction in the sector. Rising interest rates and a growing sense that a recession could happen are starting to weigh heavy, though. The greenback continues to fall against other major currencies, while gold has reached its highest level in two years.
TVC:DXY
by thunderpips
Dollar Buys but after a pullback early in Week? ⛺Welcome April. Last month we ended with the monthly candle and the weekly candle pulling back and created a larger top wick. However, the Monthly candle looks awfully bullish as it closed as a solid bullish candle. That being said, it did close within our Daily range and the weekly candle closed below the weekly zone to the left at 1.08690. We also had a bearish engulfing candle close on the Daily timeframe, Which i'm not surprised by. We tapped into extreme prices at 1.093 as mentioned in previous publishing's. Anyways, anticpating pullback back to 1.0853.
Long
by ShrewdCatfx
The DXY is trying to fill the Gap🚀!!!DXY completed its zigzag correction(5-3-5) near the Price Reversal Zone (PRZ). DXY will move towards filling the gap after the downtrend line breaks (at least the growth that DXY can do). U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1h-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 be glad to 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