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DXY

GBPUSD Holds Below 0.618 Fibonacci RetracementFollowing the DXY's decline, the British pound surged back above the trendline connecting lower highs between 2014 to 2021, aligning with a key resistance at the 0.618 Fibonacci retracement of the downtrend between the September 2024 high (1.3434) and the January 2025 low (1.2099) at 1.2945. Current Market Setup: RSI on the 3-day time frame is now overbought, aligning with the inverted head and shoulders target formed by the RSI trend near oversold levels, reinforcing reversal potential. Further downside risks persist, with market sentiment hinging on growth data, trade war developments, and US inflation figures. Key Levels to Watch: A decisive close above 1.2850 could pave the way toward 1.3020, 1.3160, and 1.34. Failure to hold gains could trigger a pullback toward key support zones at 1.28, 1.27, and 1.2570. Key Events This Week: US CPI UK GDP Trade War Developments - Razan Hilal, CMT
by FOREXcom
Will the stock market turn positive again?!The index is trading below the EMA200 and EMA50 on the four-hour timeframe and is trading in its descending channel. If the index moves down towards the specified demand zone, we can look for further buying opportunities in Nasdaq. A break of the resistance range and the channel ceiling will also cause the Nasdaq to continue its short-term upward trend. In February 2025, the U.S. labor market grew at a slower pace than anticipated. According to published data, non-farm employment increased by 151,000 jobs in January, while expectations were set at 160,000.This indicates that while job growth continues, its momentum has been weaker than projected. The unemployment rate rose to 4.1% in February, slightly above the expected 4%. Meanwhile, labor force participation declined by 0.2 percentage points to 62.4%. Average hourly earnings increased by 0.3% during the month, aligning with forecasts. On an annual basis, wage growth reached 4%, slightly below the estimated 4.1%. Among various sectors, the highest job gains were recorded in healthcare (52,000 jobs), finance (21,000 jobs), and local government (20,000 jobs). Employment also rose in construction, transportation, social assistance, and manufacturing. Conversely, some industries experienced job losses. The hospitality sector shed 16,000 jobs, retail lost 6,000, and the federal government reduced employment by 10,000 positions. Additionally, temporary jobs declined by 12,000, signaling a potential slowdown in economic growth. Overall, the report suggests that while the U.S. labor market remains stable, certain indicators, such as rising unemployment and a decline in full-time jobs, may point to a deceleration in economic expansion. Following the report’s release, the U.S. dollar weakened slightly, but the market reaction was muted due to prior concerns over a more significant decline. Hassett, the White House economic advisor, stated that future reports are likely to show further reductions in government employment. He emphasized the administration’s plan to cut government jobs and spending while boosting employment in the manufacturing sector. He also confirmed that tariffs are inevitable, arguing that such measures will support the expected 3% to 4% economic growth. Hassett expressed doubt that President Trump would grant exemptions for steel tariffs. As investors try to adjust to Trump’s evolving trade policies, the U.S. Consumer Price Index (CPI) report for February is set to be released on Wednesday. Given the recent Personal Consumption Expenditures (PCE) index data from January, it is possible that CPI could be entering a new downward trend. The Federal Reserve’s battle against inflation remains challenging, and the recent rise in price pressures has undoubtedly been frustrating for policymakers. However, signs indicate that U.S. inflation may be shifting course, with expectations of a decline in the coming months. One major uncertainty remains: tariffs. Trump’s decision to impose a 25% tariff on Canadian and Mexican imports and a 20% increase on Chinese goods, along with additional sector-specific and retaliatory tariffs still under discussion, could undermine the Fed’s efforts to bring inflation down to 2%. In January, the overall CPI climbed to 3%, marking its highest level since June 2024. Core inflation also reached 3.3%. However, February’s data is expected to ease months of concern about inflationary resurgence, with projections indicating a decline in overall CPI to 2.9% and core inflation to 3.1%. Monthly estimates for both indices stand at 0.3%. Later in the week, Thursday’s Producer Price Index (PPI) for February will provide further insights into inflationary pressures, while on Friday, investors will closely monitor the University of Michigan’s preliminary consumer sentiment survey for March. Last month’s survey raised alarms, as consumer inflation expectations climbed to their highest level in 30 years.
CAPITALCOM:US100Long
by Ali_PSND
XAU/USD (Gold) Trendline Breakout (10.03.2025)The XAU/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 2877 2nd Support – 2860 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
FX:XAUUSDShort
by KABHI_TA_TRADING
36
Bearish drop?US Dollar Index (DXY) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which is an overlap support that aligns with the 161.8% Fibonacci extension. Pivot: 104.42 1st Support: 102.65 1st Resistance: 105.26 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
1
$DXY MMSMIn my view, the DXY could have a bullish bias this week, but only as a correction after last week's sharp drop. The main bias is still bearish, as we are on the sell side of the curve. Therefore, long trades should be approached with caution since the price can reverse to the downside at any moment—after all, the market is sovereign, and only it determines its movements. I remain firmly bearish until the monthly range lows are taken out. I will only reconsider this outlook if the price holds at a high-timeframe PDA and institutional order flow (IOF) signals a potential shift in direction.
TVC:DXYShort
by Pilucax
NZDJPY - 2025 Plan. Make It Your Best Year Yet!Here we have the 2 Day chart for NZDJPY. We've seen a massive impulse mid 2024. We are now in an ABC correction. We are currently in wave B of the correction, subwave B. Expecting subwave C to complete wave B. We're looking for a rejection of the fib zone and a drop of over 700pips. Trade idea: - Watch for rejection of fib zone - Once rejection appears, enter with stops above the highs - Targets: 86 (350pips), 83 (700pips) Once we've completed this move down, we'll be looking for longs. We'll update this setup if there's enough engagement. Goodluck and as always, trade safe!
by WicktatorFX
"EURNZD Bullish Momentum Continues: Next Wave After Retest"EURNZD has followed the predicted bullish momentum, currently trading at 1.89 and aiming for the 1.93 target. The pair remains strong within its uptrend, signaling continued buying pressure. However, a small retesting phase is likely before the next bullish wave, allowing the market to confirm support levels and attract further buyers. This setup aligns with the technical outlook, reinforcing the expectation of further upside movement. A minor retracement or consolidation at current levels could offer a healthy correction, giving traders an opportunity to re-enter before the next surge. Fundamental factors, including recent economic data from the Eurozone and New Zealand, suggest a favorable scenario for EUR strength. If risk sentiment remains positive and the European economy continues showing resilience, EURNZD could gain further momentum toward the 1.93 target. Traders should watch for confirmation signals such as increased volume, bullish candlestick formations, or breakouts from key resistance zones. If the pair successfully holds above its retesting level, the next leg of the rally could unfold, offering another profitable move. As always, proper risk management is crucial to navigate potential market fluctuations effectively.
Long
by AndrewsMarket-Mastery
1
EURUSDHello Traders! 👋 What are your thoughts on EURUSD? The EURUSD pair has recently risen over the past few days, reaching a key resistance zone. At this level, we anticipate a correction before the price resumes its upward movement. After pulling back to the identified support level, the pair is expected to continue its bullish trend toward the specified targets. What are your thoughts on EURUSD’s next move? Share your insights below! Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
17
DXY (Dollar Index) Ready to BUY? | Monthly FVG in Focus! 💰 Smart Money Preparing for a Bullish Move on DXY! The US Dollar Index (DXY) is approaching a key Monthly Fair Value Gap (FVG), which could act as a strong demand zone. If price reaches this level, we will look for confirmation on lower timeframes (H4/M15) before entering buys. 🔍 Why is this Important? ✅ Monthly FVG as a High-Probability Buy Zone ✅ Institutional Order Flow Aligning for a Bullish Reversal ✅ Strong Demand Expected at FVG ✅ DXY Strength = Bearish Pressure on Gold & Majors 📊 Key Market Levels: 🔹 Monthly FVG Buy Zone: 🔹 First Target: 🔹 Breakout Confirmation Above: 🔹 Invalidation Below: ⚡ Trading Plan: 📌 Wait for price to reach the Monthly FVG 📌 Look for Bullish Confirmation on H4/M15 (BOS, CHoCH, Liquidity Grab) 📌 Enter Buys Once Institutional Reversal is Confirmed 📌 Manage Risk – Watch CPI & FOMC Events 💥 Stronger DXY = Weak Gold & Bearish Pressure on Majors! 💬 Are you buying DXY at the Monthly FVG? Drop your thoughts below! 👇 #DXY #DollarIndex #Forex #SmartMoney #ICT #SMC #Liquidity #TradingView #OrderFlow
TVC:DXYLong
by twb1122
GBP/USD 15-Minute Chart: Bearish Reversal at Harmonic CompletionThe chart showcases a well-defined harmonic pattern, the Shark, with the price reaching the terminal zone at 1.2670 , marked by a red downward triangle. This suggests a potential reversal zone where selling pressure may emerge. Key observations: The price has reacted strongly at the completion point, aligning with Fibonacci extensions. Overbought conditions are evident in the RSI and other momentum indicators, indicating potential exhaustion of the bullish trend. Target levels: T1: 1.26241 T2: 1.25741 Suggests a possible downside move if the reversal confirms. Traders should watch for bearish confirmation before entering short positions, while bulls may seek a break above 1.2670 for further upside.
Short
by BeaucoupPips
Gold XAUUSD Move 03-07 March 2025Technical Analysis & Trade Signal Market Overview: Current Price: Around 2,858.140 USD Trend Analysis: The price was in an uptrend but recently broke down, indicating a possible bearish reversal. A key support level was broken, which is now acting as resistance. Key Levels: Resistance Zones: Minor Resistance: 2,900 - 2,920 USD Strong Resistance: 2,960 USD Support Zone: 2,780 - 2,800 USD Trade Signal: 📉 Sell Signal: If the price retests the 2,900 - 2,920 USD resistance zone and rejects downward, enter a short trade targeting 2,800 USD. 📈 Buy Signal: If the price holds support around 2,780 - 2,800 USD and starts moving up, consider a long trade targeting 2,900 USD. 👉 Confirmation: Use additional indicators like RSI, MACD, and volume to confirm the trade setup before executing.
OANDA:XAUUSD
by Quinn901
1