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$DXY -Decisive Move Around the Corner !!! Dollar Index TVC:DXY on the cusp of making a major move TA speaking ; (100.8 or 110) - To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh). - Either falling off a cliff headed in to re-visiting Range Bottom of 100.82 (Swing/Positioning) Fundamentally speaking ; Would be a great move to the Upside for TVC:DXY Fundamentally speaking, resulting so on SHORTING anti-correlated assets, such as EUR/USD and other FX pairs. Must be time for TVC:DXY to strengthen even more, makes sense ,, otherwise Recession is just ahead ! On headlines , CPI ECONOMICS:USIRYY is coming lower, with economists awaiting Fed Cuts ECONOMICS:USINTR cuts by end year. However, worth mentioning is that wealth hedges such as TVC:GOLD continues to be stocked up in piles of tonnes from China ECONOMICS:CNGRES and not only; China's Wealthy Class is also in the process of purchasing pure physical Gold *** NOTE This is not Financial Advice ! Please do your own research with your own diligence and consult your own Financial Advisor before partaking on any trading activity with your hard earned money based solely on this Idea. Ideas being released are published for my own trading speculation and journaling needed to be clear on different asset classes price action.
TVC:DXY
by Mr_J__fx
DXY Poised for Bullish Rebound: Targets Set for 106 and Beyond The U.S. Dollar Index (DXY) is showing signs of a potential bullish rebound as it approaches a critical ascending support line. Currently trading around 104.957, the index has maintained this uptrend since early 2024, suggesting strong underlying support. Technical Analysis: Support Line: The green ascending trendline has been a key support for the DXY, providing a solid foundation for potential upward movements. As the index approaches this line, we could see a bounce back toward higher levels. MACD (5, 8, 3): The MACD indicator, despite showing a slight bearish divergence with the signal line crossing below the MACD line, is hovering near the zero line. This suggests that bearish momentum is weakening, and a bullish crossover could be imminent. RSI (26, 14, 2): The RSI indicator is currently at 42.43, indicating that the index is nearing oversold territory. Historically, RSI levels around 40 have marked the beginning of bullish reversals for the DXY. Additionally, the RSI is nearing a key support level, enhancing the likelihood of a bounce. Bullish Targets: First Target: 106.00 The first target for the DXY in a bullish scenario is 106.00. This level has previously acted as resistance, and breaking above it could signal further bullish momentum. Second Target: 107.50 If the index manages to surpass the 106.00 level, the next target would be 107.50. This level represents a previous peak and would serve as a significant milestone for the bulls. Major Target: 109.00 In a sustained bullish rally, the DXY could aim for 109.00. This major resistance level would mark a significant recovery and indicate strong bullish sentiment in the market. Conclusion: The DXY is currently positioned at a crucial juncture. The ascending support line, coupled with weakening bearish momentum on the MACD and an oversold RSI, suggests a potential bullish reversal. Traders should watch for a bounce from the current support levels, with targets set at 106.00, 107.50, and 109.00. Maintaining a close eye on these technical indicators will provide clearer insights into the future direction of the DXY.
TVC:DXYLong
by blacklegend55
DXY Seems to be going sideways with a upward biasCurrently, the DXY is touching the 25MA. Usually, price tends to bounce off this line or cross it and test the price action, determining if price should go lower or higher. Here we can see this test play out. With quite a bit of support, it's possible that price will continue to move along this sideways trend. Since the sideways movement is indeed going upward, we want to follow the trend, therefore we are long. Furthermore, the stop loss is set exactly after some lower lows, since breaking below this level would mean that the current sideways uptrend is over and a downtrend has begun.
TVC:DXYLong
by DarkMessiah777
Bitcoin Weathers the Storm: Resilience Shines Despite DollarBitcoin (BTC), the world's leading cryptocurrency, has surprised many by demonstrating resilience in the face of a strengthening US dollar. Despite a historically observed inverse relationship between the US Dollar Index (DXY) and Bitcoin, this comes. The DXY, which measures the value of the US dollar against a basket of foreign currencies, currently sits at a lofty 106, indicating a robust greenback. This level is significant, having only been surpassed for 34 trading days in the past year. Traditionally, a strong dollar weakens the appeal of dollar-denominated assets like Bitcoin, as investors seek havens in other currencies. However, Bitcoin's current price action defies this historical trend. While not at its all-time high, Bitcoin is currently trading only around $10,000 below that peak, a testament to its continued strength in the market. Several factors may be contributing to this unexpected decoupling. Shifting Investor Sentiment: The cryptocurrency market has matured significantly since its early days, and investor sentiment is evolving alongside it. While Bitcoin was initially seen as a speculative asset class, it's increasingly viewed as a potential hedge against inflation and traditional financial uncertainties. This shift in perception could be mitigating the negative impact of a strong dollar on Bitcoin's price. Institutional Adoption: The influx of institutional investors, such as hedge funds and investment firms, into the cryptocurrency space is another potential factor. These institutions often have a longer-term investment horizon and may be less swayed by short-term fluctuations in the dollar's value. Their presence could be lending stability to the Bitcoin market. Bitcoin Mining Difficulty Adjustment: The Bitcoin network is designed to adjust mining difficulty roughly every two weeks automatically. This ensures a consistent rate of new Bitcoin entering circulation, regardless of the computing power dedicated to mining. An upcoming significant decrease in mining difficulty is anticipated, which could further bolster investor confidence. Positive Developments Within the Crypto Ecosystem: The broader cryptocurrency ecosystem is witnessing continuous innovation and development. The emergence of Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and Layer-2 scaling solutions is attracting new users and capital into the space. This overall growth in the crypto ecosystem could be spilling over and positively impacting Bitcoin's price. Uncertainties Remain: Despite the positive signs, it's important to acknowledge the inherent volatility of the cryptocurrency market. The future trajectory of the DXY and broader economic conditions will undoubtedly continue to influence Bitcoin's price. Additionally, regulatory developments and potential security breaches could pose challenges in the future. Looking Forward: Bitcoin's resilience in the face of a strong dollar is noteworthy. While the reasons behind this decoupling are multifaceted, it suggests a maturing market with a growing pool of long-term investors. As the cryptocurrency ecosystem continues to evolve and gain mainstream adoption, Bitcoin's position as a store of value and a potential hedge against traditional financial instruments could solidify further. However, close attention should be paid to both internal and external factors that may impact Bitcoin's price in the coming months and years.
TVC:DXY
by bryandowningqln
DXY is about to melt down...Hey Traders, The dollar index has been moving to the upside making some form of a wedge or a contracting diagonal. According to the basic technical analysis and based on Elliot waves theories, we should expect a reversal once the diagonal is completed. In addition to that, we can observe divergence by looking at the MACD. This indicator is used to predict when the reversal will happen. How can we benefit from the dollar index? The formula says: If the dollar index or DXY is bearish then we should expect the opposite for XXXUSD pairs. For example, If DXY is Bearish then we should look for EURUSD LONG. By looking at the price action and by counting the recent waves, we expect one more move up before the move down. What is our confirmation for the DXY bearish scenario? We can use the break of 50 EMA on 4H timeframe as a confirmation for XXXUSD LONG and USDXXX SHORT. If you like this type of analysis, don't forget to hit the LIKE bottom. If we hit 50 likes, am gonna show you how we can look for a trade using this idea. Have a Good trading week!
TVC:DXY
by Tradenessfx
DXY - Daily start of bullish legThe Dollar Index (DXY) has experienced two significant bullish legs followed by pullbacks. Currently, it is at the end of the most recent pullback. Notably, the falling momentum appears to be weakening, as evidenced by the shorter and less intense downward legs during the pullback phases. This weakening momentum suggests that the bearish pressure may be subsiding, and the DXY could be preparing for another upward movement. As illustrated on the chart, the previous pullbacks were marked by substantial declines. However, the current pullback is characterized by weaker downward legs, indicating a potential shift in market sentiment. This could lead to the DXY resuming its bullish trend if it manages to break above the recent resistance levels. Traders should closely monitor the price action for confirmation of a reversal, which would be supported by stronger bullish legs and the continuation of the uptrend.
TVC:DXYLong
by Sober_Trading
2
US Dollar Index (DXY) Outlook ICT Concepts💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on DXY , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 📊 Using DXY as an Indicator for Trading Decisions The DXY ( US Dollar Index ) can be a valuable indicator for guiding trading decisions. Traditionally, the EUR/USD and DXY exhibit an inverse relationship. When the US Dollar strengthens, EUR/USD tends to weaken, and vice versa. This inverse correlation is rooted in the fact that the Euro represents the alternative currency in the pair. 📈 Analyzing Price Action Since the Start of June In June, significant price action unfolded. The market swept the previous month's low ( PML ) and broke its structure decisively, initiating a bullish movement. The key confirmation of the bullish momentum was the strong hold of the Inversion Fair Value Gap ( IFVG ). 🔄 Current Market Developments Currently, the market has surpassed the previous week's high ( PWH ) and established an Equal High ( EQH ). We are now approaching the significant resistance level of the previous month's high ( PMH ). 📉 Internal Levels and Price Reactions Below the price chart, a Volume Imbalance ( VI ) emerged, triggering a reaction marked by a wick before the market approached the PWH . There's potential for price to revisit this VI , along with addressing the Fair Value Gaps ( FVG ) and Order Block ( OB ) formed in that area. 📈 Forecast and Strategic Considerations Looking ahead, there's an expectation for further upward movement, targeting the EQH and PMH . Subsequently, a new bearish phase might unfold. For any bullish positions, it's crucial to wait for the absorption of sell-side liquidity before considering entry. 🙏 Thank you for joining us! Exploring DXY today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
TVC:DXY
by RealArmin
Wyckoff Bullish Patterns - Dollar getting stronger! Easy MoneyICEUS:DX1! Dollar getting stronger on daily and weekly chart! Wyckoff Wave Indicator shows the power of buyers who are taking control. How Wyckoff Wave Indicator works? The Wyckoff Wave Indicator and the Weis Wave Indicator are both technical analysis tools derived from the principles of Richard D. Wyckoff, a pioneer in the field of market analysis. Here’s a breakdown of each: Wyckoff Wave Indicator The Wyckoff Wave Indicator is designed to track the cumulative volume flow of the market. It helps traders understand the underlying strength or weakness by showing the overall trend of buying and selling pressure. The indicator accumulates volume with price movement to depict the market's overall sentiment. Key features include: Volume Analysis: It considers the volume associated with price movements, indicating whether the market is being driven by strong buying or selling. Trend Identification: It helps in identifying the primary trend of the market, whether it's bullish, bearish, or sideways. Divergence Signals: It can show divergences between price movements and volume flow, providing potential reversal signals. Weis Wave Indicator The Weis Wave Indicator is a more modern adaptation of Wyckoff's principles, developed by David Weis. It simplifies volume analysis by plotting cumulative volume as waves, making it easier to visualize the flow of buying and selling pressure. Key features include: Wave Calculation: It aggregates volume over price waves, making it easier to see the ebb and flow of market pressure. Wave Counts: By tracking the volume associated with each wave, traders can see whether buyers or sellers are dominating. Market Structure: It helps in understanding the market structure by breaking down movements into distinct waves, each associated with specific volume patterns. Comparison Purpose: Both indicators aim to analyze volume in relation to price movements, providing insights into market strength and potential reversals. Visualization: The Wyckoff Wave Indicator typically presents cumulative volume in a straightforward manner, while the Weis Wave Indicator uses wave patterns for a more intuitive visual representation. Application: Both indicators are used in conjunction with other Wyckoff principles and tools to develop a comprehensive market analysis strategy. Usage in Trading Identify Trends: Both indicators help in determining the dominant market trend, which is crucial for making informed trading decisions. Spot Reversals: By analyzing volume flow, traders can spot potential reversals ahead of time, improving their entry and exit points. Confirm Breakouts: The indicators can confirm the validity of breakouts or breakdowns by showing whether there is sufficient volume to support the move. Tools and Platforms VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us.
NASDAQ:ALTLong
by VolumeDayTrader
DXY 4H ( institutional price action )hello dear trader and investors there are 2 senario for dollar currency index: senario 1: We have a price gap.... from 2023 The indicator can fill it with its shadow around the area of ​​106.65 after testing the 106.65 price can drop ... senario 2: Let's wait for the 107 zone to see how the institutions want to play with liquidity... I expect a HH and a lower low, after removing the stop on both sides (buy and sell ), I expect the dollar to fall... stop loss need for any position good luck
TVC:DXYShort
by mehdi_kb