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Dollarstrength

Time for the Dollar to be realisticWith the news of Donald Trump being the united states new president we have seen nothing but euphoric bullish price action of the dollar. However, I believe that it is finally time for that to come to an end and for the dollar to continue in it's gradual and slow demise. I believe the dollar push to the upside was nothing but a retracement on the HTF and with the bitcoin becoming more of a powerhouse we will continue to see the dollar lose its value. This is supported through my analysis as we can see the dollar reacting from the weekly imbalance and creating LL and LH and Breaking structure to the downside. I believe that this will continue this week and be looking to sell after price takes the ASH and forms Wyckoff in my 3H supply. My only hesitation is that my other pairs that go against the dollar I am also predicting to sell, Although we haven't seen the usual correlation between the pairs they normally have i am still cautious but my analysis remains ever true. If the dollar decides to push further up it will simply be filling the remainder of the Imbalance in order to have a proper reaction from the weekly supply.
TVC:DXYShort
by JamelCapital
DXY "DOLLAR INDEX" Bank Money Heist Plan On Bullish SideBonjour My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist DXY "DOLLAR INDEX" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 1H timeframe Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
FX:USDOLLARLong
by Thief_Trader
DXY The Fake Dance- One of the most important barometers for global currencies and markets in the world. - Most of the time DXY is a well used machine to supress markets (forex, stocks, cryptos, etc..) - When they don't start the printing machine, DXY keeps is strength. - When they start to print DXY starts to dip and markets boom up. - it's really basic and based on "BRRR Machine". - i had a hard time to decrypt this fake peace of resilience. - actually there's none visible divergences on the 1M or 3M Timeframes. - So i decided to push my analysis to 6M Timeframe and noticed few things : - You can notice that from 2008 ( Post crises ), DXY was in a perma bullish trend. - So now check MACD and will notice this fake move on January 2021 ( in graph the red ? ) - MACD was about to cross down, columns smaller and smaller, then a Pump from nowhere lol. - i rarely saw that in my trading life on a 6M Timeframe. - So to understand more this trend, i used ADX (Average Directional Index) - ADX is used to determine when the price is trending strongly. - In many cases, it is the ultimate trend indicator. - So if you look well ADX columns, you will notice that a strong divergence is on the way. - First check the Yellow Doted Line in July 2022 when DXY reached 115ish and look the size of the green columns. - Now check today (red doted Line), and look again the ADX green columns is higher, but DXY diped to 105ish. - So like always, i can be wrong, but i bet on a fast DXY dip soon or later. - it's possible to fake pumps, but it's harder to fake traders. Happy Tr4Ding !
ICEUS:DX1!Short
by thecryer
5
EurUsd - Lower, 1.000 pips lowerHello Traders and Investors, today I will take a look at EurUsd . -------- Explanation of my video analysis: EurUsd has been trading in a descending channel formation for a very long period of time. At the moment EurUsd is once again retesting the upper resistance in confluence with a horizontal structure so there is simply a higher chance that we will see a continuation lower from here. This means that as stock traders - especially from Europe - we can continue to trade our U.S. stock position without worries. -------- Keep your long term vision, Philip (BasicTrading)
Short
by basictradingtv
5
DXY (DOLLAR INDEX) Shorts from 107.000My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar. I expect the dollar to drop at least to the newly established 12-hour demand zone, where I foresee a bullish continuation. This supports the broader bullish trajectory of the dollar, aiming towards tapping into a 2-month supply zone where a major bearish reaction is expected. Therefore, if I anticipate the dollar to initially rise and then drop, I also expect EURUSD and GBPUSD to continue their downward trends accordingly. Note that this is my current bias, and I will adjust it based on evolving market trends. It's essential to consider various zones and scenarios for a comprehensive analysis." This version maintains your original message while improving clarity and readability. Feel free to adjust it further based on your preferences!
TVC:DXYLong
by Hassan_fx
EUR/USD Should be watched closelyThe Eur/Usd has been in an elongated channel for the better part of half a year. This channel isn't inherently bearish, however the DXY has shown recent strength after breaking above old support and retracing over 4%. We watch the EURUSD chart closely to see whether we break down from this channel which will probably mean a few months of bearish PA. My prediction - We retrace upwards as the DXY cools down a bit, make a lower high before coming back and breaking down from the channel - heading to 1.04.
by SynergyTradingSetups
2
DXY LONG/BUY🔰 Pair Name : DXY 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : BUY If all the data below comes in as predicted today, here is a summary of how each data point could potentially impact the DXY (US Dollar Index): Core PCE Price Index m/m: Forecast: 0.2% (🔻 Lower than the previous 0.3%) Potential Impact on DXY: A lower-than-expected inflation rate (0.2%) could dampen expectations of higher interest rates by the Federal Reserve. This might lead to a weaker US dollar, as lower interest rate differentials can reduce the currency's attractiveness to investors. 💸📉 Employment Cost Index q/q: Forecast: 1.1% (🔻 Lower than the previous 1.2%) Potential Impact on DXY: A slightly lower employment cost index could indicate a moderation in wage growth. This may reduce inflationary pressures and could potentially weigh on the US dollar. 💼📉 Personal Income m/m: Forecast: 0.5% (🔺 Higher than the previous 0.4%) Potential Impact on DXY: An increase in personal income could boost consumer spending and confidence in the economy, potentially supporting the US dollar. 💵📈 Personal Spending m/m (at 3:00 pm): Forecast: 0.4% (🔺 Higher than the previous 0.1%) Potential Impact on DXY: Higher personal spending indicates increased consumer activity, which could be positive for the US economy and the US dollar. 💸📈 Revised UoM Consumer Sentiment: Forecast: 72.6 (🔄 Same as the previous reading) Potential Impact on DXY: If consumer sentiment remains stable, it may not have a significant impact on the US dollar, as it reflects the market's current expectations. 😊📊 Overall, the impact of the data on the DXY will depend on the interplay of various economic factors. If the data aligns with expectations, the DXY's reaction may be relatively muted. However, unexpected deviations from the forecasts could introduce more volatility in the currency markets. It's essential to closely monitor the actual data releases and any revisions to make a comprehensive assessment of their impact on the DXY. 📈📉🌍 Combined with the fact the Federal Reserve increases interest rates from 5% to 5.5% since last month on Wednesday, it could have several potential impacts on the DXY (US Dollar Index): Strengthening of the US Dollar: Generally, an interest rate hike signals that the central bank is confident in the economy's strength and wants to curb inflationary pressures. Higher interest rates can attract foreign investors seeking higher returns on their investments, leading to increased demand for the US dollar. As a result, the DXY may strengthen in response to the rate hike. 💹📈 Higher Yield Attractiveness: With a higher interest rate, US bonds and other fixed-income assets become more attractive to investors as they offer better returns. This increased demand for US assets can further support the US dollar's value. 💼📊 Capital Flows: A higher interest rate differential between the US and other countries may lead to capital flows into the US to take advantage of the higher returns. As a result, demand for the US dollar may rise, bolstering the DXY. 💵💹 Impact on Borrowing Costs: Higher interest rates can increase borrowing costs for consumers and businesses, potentially leading to reduced spending and investment. This could have a dampening effect on economic growth, which might eventually weigh on the US dollar's strength. 💸📉 Market Sentiment: The actual impact on the DXY will also depend on how market participants interpret the rate hike. If the move is perceived as a sign of economic health and stability, it may have a positive impact on the US dollar. However, if it is seen as a measure to address inflationary pressures that might affect consumer spending and growth, it could potentially lead to a weaker US dollar. 🤔📊 Eyes on today's data release. Optimistically, once DXY retests the 4-hour demand zone below, it will likely go high up to the last key high to collect all liquidity above. 📈👀
TVC:DXYLong
by Moon_SmartMoney
$spx reset for Q4 incoming! 4200 levelsNotice how we have tapped 4600 which an extreme overbought level. SPX must retest a lower level of 4380-4330 and if it does not hold it should freefall to 4200 in prep for Q4. SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023. a correction is due. I am using AMEX:SPXS as the inverse of this play. I do have a sentiment which is: when the Dollar is up, stocks are down and VICE versa. We are noticing incoming strength from DXY which is causing a shorting of SPX and other index + stocks. Trade wisely
SP:SPXShort
by chestephens1
DXY Possible Dip Before Further Up 🔰 Pair Name : DXY 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SELL During the recent correction in dollar strength that began last week, the DXY showed a rally to the 101.5 area without undergoing a proper retest to the downside. Today, the price reached the 4-hour supply zone above the 101.111 area. There is potential for a retest to the downside at this area, towards the previous 4-hour demand zone at the 100.8-100.7 area, to fill the imbalance in order to have enough liquidity to go further up. As professional traders, it is crucial to keep a close eye on the DXY - the U.S. Dollar Index. This index serves as a key metric in measuring the USD's value against a basket of major currencies, acting as a benchmark for the strength or weakness of the USD. 💹💲 Here's how the movements of the DXY can impact currency pairs and gold prices: 1.USD Currency Pairs (e.g., EURUSD, GBPUSD, AUDUSD): 1️⃣ Inverse relationship: A strengthening DXY indicates that the USD is gaining strength against the basket of currencies, leading to weaker USD currency pairs. 2️⃣ Positive correlation: Conversely, a weakening DXY suggests that the USD is losing strength against the basket, resulting in stronger USD currency pairs. 2.JPY Currency Pairs (e.g., USDJPY, EURJPY, AUDJPY): The relationship between the DXY and JPY pairs is not as direct as with USD pairs, but there may still be some correlation due to the impact of the USD on overall market sentiment. For example, a stronger DXY might prompt investors to seek safe-haven assets like the Japanese yen, potentially strengthening the JPY pairs. 🛡️➡️💹 🥇Gold Price: 1️⃣ Inverse relationship: Gold is often considered a safe-haven asset, and it typically moves in the opposite direction of the USD. A stronger DXY indicates a stronger USD, making gold more expensive for holders of other currencies. Consequently, this can lead to a decrease in gold demand and a potential decline in gold prices. 📉➡️🏅 2️⃣ Positive correlation with JPY pairs: As mentioned earlier, JPY pairs may exhibit some correlation with the DXY due to risk sentiment. If the DXY strengthens, investors may seek safe-haven assets like the Japanese yen, potentially exerting upward pressure on gold prices as well. 💹➡️🏅 It is essential to keep in mind that correlations can change over time, and other factors beyond the DXY can influence assets such as US30 and XTIUSD (Crude Oil). As professional traders, always consider multiple factors and stay updated with current information to make informed decisions. 🧠🔄 Continuous learning and research are crucial to enhance your understanding and excel in trading. Happy trading! 📚🌟 #DXY #MarketAnalysis #FinancialEducation
TVC:DXYShort
by Moon_SmartMoney
4
USDJPY LONG/BUY🔰 Pair Name : USD/JPY 🔰 Time Frame : DAILY 🔰 Scale Type : MID Scale 🔰 Direction : LONG/ BUY USD/JPY is currently showing slight losses, hovering around 138.60, as traders search for fresh signals at the beginning of the European session on Monday. The Yen pair is retracing its corrective bounce from the previous day, where it rebounded from its mid-May lows. Notably, the failure to sustain the corrective bounce beyond the immediate resistance at 139.35, formed by a previous support line dating back to late March, indicates the presence of USD/JPY sellers. 🔍 Key Support and Resistance Levels: Support: 137.80 (early May peak), 137.40 (50% Fibonacci retracement), 135.50 (61.8% Fibonacci retracement) Resistance: 139.35 (immediate resistance), 140.00 (psychological level), 141.50 (confluence of 200-SMA and 23.6% Fibonacci retracement) However, there are factors that could challenge further downside momentum. The 50% Fibonacci retracement level at 137.40, coupled with bullish MACD signals and the nearly oversold RSI (14) line, might lead to a pause in the selling pressure. Looking back at the past week, USD/JPY experienced significant market imbalance, raising the anticipation of a correction in dollar strength. This correction is expected to facilitate the market's rebalancing process by filling the existing imbalance and collecting selling liquidity above. As professional traders, we are closely monitoring these developments for potential trading opportunities. Being vigilant and ready to act in response to price action signals is crucial during this period of potential correction and rebalancing.
Long
by Moon_SmartMoney
USDCHF LONG /BUY🔰 Pair Name : USD/CHF 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : LONG/BUY Today, the US Dollar exhibited marginal strength against the Australian and New Zealand Dollars, while facing weakness against the Japanese Yen and Swiss Franc as investors adopted a risk-off approach. The currency movements can be attributed to disappointing data from China, which revealed an overall softening of the economy, with a year-on-year growth rate of 6.3% in the second quarter. This figure fell short of the previous quarter's forecasts of 7.3% and 4.5%. Specifically, retail sales grew by 3.1% year-on-year until the end of June, slightly below the estimated 3.2% and significantly lower than the 12.7% recorded in May. Despite the mixed data, there were some encouraging signs in the Chinese economy. Industrial production expanded by 4.4% year-on-year until the end of June, surpassing expectations of 2.7% and the previous figure of 3.5%. Additionally, fixed asset investment outperformed expectations, growing by 3.8% over the January to June period, compared to the anticipated 3.5%. In the Asian-Pacific markets, China's CSI 300 equity index experienced a decline of more than 1%, while other APAC markets had a subdued start to the trading week. Tokyo remained closed for a holiday, and markets in Hong Kong and Taiwan were impacted by typhoon Talim. Futures indicate a slightly negative start to the Wall Street cash session. Meanwhile, G-20 Finance Ministers and central bankers gathered in India today for their meeting. While this event is expected to generate numerous headlines, it's worth noting that no speeches from Federal Reserve speakers are scheduled, as they have entered a communications blackout in preparation for the Federal Open Market Committee (FOMC) meeting on July 26th. The market has already priced in a 25 basis point lift at the conclave. In the commodities market, crude oil slipped before Monday's session, with both WTI and Brent futures contracts down approximately 1%. On the other hand, gold maintained relative stability, trading near the middle of its range, just above the USD 1950 level. In the European markets, several central bank voting members, including President Christine Lagarde, will deliver speeches today, potentially influencing market sentiment. Regarding the DXY (USD) index, it reached a 15-month low on Friday, breaking below prior support levels in the 100.80 – 101.00 range. This area could now act as a breakpoint resistance zone, with another resistance point anticipated at 101.92, followed by the peak of 103.57. The recent sell-off caused the DXY to breach below the lower band of the 21-day simple moving average (SMA) based Bollinger Band. A close back inside the band might indicate a potential pause in the bearish trend or signal a potential reversal. Looking back at last Friday's trading, the DXY recorded a low of 99.58, just above the April 2022 low of 99.57. These levels may provide support ahead of a potential break point at 99.42. It's worth noting that the USD/CHF pair appears to have landed on the 4-hour/daily demand zone, positioned at the bottom of the downward channel, suggesting a significant market imbalance. This imbalance indicates a need for correction to rebalance the market with more selling positions. If the market continues to decline, we may expect further downward movement after the correction, filling up the imbalance above. As traders, we should closely monitor these developments to capitalize on potential trading opportunities.
Long
by Moon_SmartMoney
USDCHF SHORT/ SELL🔰 Pair Name : USD/CHF 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL USDCHF has successfully refilled the market imbalance after the disappointing NFP news. The price has now broken the daily, 4-hour, and 1-hour demand zones. From a technical standpoint, we believe the price will retest the daily, 1R, and 4-hour demand zones around 0.88561 before dropping to 0.87577 to fill the other market imbalance below 0.87895. From a fundamental standpoint, the CPI is due out tomorrow. The price will likely range around and retest the demand areas that it broke today. If the CPI news comes out and weakens the dollar even further, the price is likely to break down to 0.87577 or lower. Conclusion USDCHF is likely to continue to decline in the near term. The price could retest the 0.88561 demand zone before breaking down to 0.87577 or lower. Traders should be prepared for a volatile market in the coming days.
Short
by Moon_SmartMoney
Dollar Index Chart Analysis.... In this situation, DXY chart creates Elliott wave pattern. So,if 103.600 resistance level need to sell confirmation then DXY will fall 102.700 & 102.200 support level. If the breakout is 103.800 level then case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
DXY short to mid-term analysis (Update)This post is an update to my original post few weeks ago where I presented the case for DXY bottoming out. Following is the link to that, please go through it to understand the context. On Thursday DXY closed above 34( Red )EMA, on the daily, as mentioned in previous post, it a sign of strength and possible breakout, and we did breakout the following day and closed much higher. I expect this breakout to hold, and the rally should continue for a while. We can come down and flirt with 13( Green ) and 21( Blue ) EMA's again, this happens until 13 and 21 EMA's start moving up and crosses above 34 EMA, when that happens and sustains for few days, that's the confirmation of bull run and that's the most likely scenario. Fundamentally also, we have reasons for Dollar gaining strength in short to midterm, mostly because of Hawkish Fed and no intention of stopping rate hikes in the coming months, with each upcoming rate hike DXY should keep pushing higher. We also have indications of a stronger than originally expected US economy and decreasing unemployment as contributing factors adding to DXY's strength. Now talking about targets, The Boxes in my chart are very strong S/R zones going back months and years. So, the next zone of mid-size resistance for DXY is 103 price level, where I expect some retrace, then the big one is 104 which may cause a pause in the rally and some consolidation for big retrace. If you like my content then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
CAPITALCOM:DXY
by zakoraio
Gold Bulls Deny Bearish Continuation and Eye $2400 TargetMy previous read of Gold's wavemap has been proven invalid through price action. Any chance of a drop to the levels of 17xx have been very likely denied considering today's price action. With the removal of certain possibilities, only a couple similar options remain on the table. With anticipated support to come near the levels of $1830-$1870, I expect Bulls to continue their dominance up to the heights of $2300-$2400 before any macro bear sighting is found. Congrats to all buyers and good luck in the future to all others.
FX:XAUUSDLong
by DigitalSurfTrading
USDX BULLRUN EXTHere we see the KING of all pairs, the USD INDEX. It is about time we did a chart on the mac daddy of all price action, the Dollar BASKET. What we have framed here is a solid RETEST of the bear trend that started last year once everyone WOKE UP and realized the dollar is garbage. However Powell and the FED are not done and a long run of strong USD data, including a very good jobs report, has been proping up the dollar. From a technical aspect there was a very solid TREND LINE BREAK and a subsequent DOUBLE RETEST around the 102.5 Area, followed by a BREAK of the RESISTANCE that was established by the bull move that broke our bear trend line. Currently we are seeing a RETEST of this RESISTANCE TURNED SUPPORT and assuming this area can hold the next fib zone should be a stop at 105.5 area, as we see multiple tests here. PMI and FOMC minutes should provide more volumes for any potential move this week.
VANTAGE:USDXLong
by NakedTrading4U
Break Down: Analysis of The DXY, EURUSD, GBPUSD, US100 & MoreIn this video, we'll take a closer look at the charts we covered in our last live session, updating and explaining our analysis. Our focus will be on the following currency pairs: DXY, EURUSD, GBPUSD, NZDUSD, AUDUSD, EURCAD, and US100. We're currently seeing a lot of potential for dollar strength, but it's important to keep an eye on the upcoming CPI release on Tuesday, as it could create some volatility in the markets. As a simple rule of thumb, when inflation is up, the dollar tends to strengthen, and when inflation is down, the dollar tends to weaken. However, it's not always that simple, and it's important to pay attention to the details. When evaluating the CPI data, consider the following: how much it beat or missed the estimate, whether there is mixed data, if the data was as expected, and any revisions to the previous numbers. Additionally, pay attention to the rhetoric of central bank members after the release, as this can also impact market sentiment. Our analysis of the downside trades is closely tied to the inflation data release. A strong beat in inflation would likely result in successful trades. However, a significant miss in the data could invalidate many of these trades. If you're currently not in any trades, it may be wise to wait until after the CPI release. While it's tempting to try and get ahead of the market by positioning yourself, the risk of getting caught in a ranging market before the event could result in significant losses. It may be better to wait for a clearer direction after the release. Join us as we navigate through these charts and look for possible trades in the market. Let's stay vigilant and make informed decisions.
TVC:DXYShort
by natron