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DXY

Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 109.38 1st Support: 108.53 1st Resistance: 110.17 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
2
DXY for short-term DownsideHello Fellow Traders, Its BEEN A WHILE! I hope That Everyone Follows This Forecast To make some big Profits! Here is a Full Updated Analysis & Forecast For DXY The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some (Rejection / Confirmation / Direction) 2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk! &. Plan Your Trade & Trade The Plan! Let Me know if you have any Questions or Comments Below! Negative Or Insulting Comments Are Not Welcome See You in the next Analysis! Global Fx Education
CAPITALCOM:DXYShort
by Global_Fx
Technical Analysis - Gold Spot (XAU/USD)Current Context The chart shows the formation of a symmetrical triangle, indicating a period of indecision in the market. This pattern is defined by: A downtrend line connecting points B and D (resistance). An upward support line connecting points A and C. Currently, the price is hovering near the resistance line (~$2681.51), close to point D. Possible Scenarios Bullish Breakout: If the price breaks above the resistance around point D (~$2688) with significant volume, this could lead to a bullish rally towards key levels: First target: $2721 (intermediate resistance zone). Second target: $2790 (measured move based on the triangle's height). Bearish Breakdown: If the price fails to break the resistance and reverses lower, it may test the support line near point E. Key levels to watch: First support zone: $2635 - $2617 (highlighted gray area). Major support: $2532, a critical long-term level. Impact of NFP Today's Non-Farm Payrolls (NFP) report will likely introduce significant volatility to the market. Two key scenarios to consider: Better-than-expected data: Strengthening of the US Dollar, which could push gold prices lower. Weaker-than-expected data: Weakening of the US Dollar, potentially driving gold to break the resistance and move higher. NFP Economic Calendar Impact - Analysis for Gold Spot (XAU/USD) The economic calendar highlights key data releases that will impact the USD, and subsequently, gold prices. Below is an analysis of the listed events: Key Events at 2:30 PM (UTC+1): Average Hourly Earnings (m/m): Forecast: 0.3% Previous: 0.4% Impact: A lower-than-expected reading would suggest weaker wage inflation, which could weigh on the USD and push gold prices higher. Conversely, a higher reading would support the USD, pressuring gold. Non-Farm Employment Change (NFP): Forecast: 164K Previous: 227K Impact: This is the most significant release. A lower-than-expected number could signal a weakening labor market, leading to USD depreciation and gold rallying. A strong figure would have the opposite effect. Unemployment Rate: Forecast: 4.2% Previous: 4.2% Impact: A stable unemployment rate aligns with expectations. However, any surprise movement will amplify the NFP’s impact on the market. Later Events at 4:00 PM: Preliminary University of Michigan (UoM) Consumer Sentiment: Forecast: 74.0 (unchanged from the previous reading). Impact: Limited unless there is a significant deviation. This sentiment gauge indirectly impacts gold via its influence on the USD. Preliminary UoM Inflation Expectations: Previous: 2.8% Impact: Inflationary pressures can support gold prices as a hedge. A higher number here might limit gold's downside. Trading Strategy Suggestions: Before 2:30 PM: Avoid taking significant positions as market volatility will likely increase around these releases. Post-NFP Release: If NFP and Average Hourly Earnings miss forecasts, gold may break above the $2688 resistance, targeting $2721 and $2790. If data is stronger than expected, watch for bearish momentum towards $2635 and $2617. disclaimer This is not financial advice
FX:XAUUSDLong
by Trwin
DXY Is Going Down! Sell! Here is our detailed technical review for DXY. Time Frame: 17h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 109.631. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 107.871 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
Can the Dollar Index Predict Global Chaos?In the intricate dance of global finance, the U.S. Dollar Index has emerged as a pivotal player, reaching heights unseen in over two years. This surge, coinciding with Donald Trump's anticipated return to the White House, underscores a market bracing for significant policy shifts. The index's climb is not just a number; it's a beacon reflecting the resilience of the U.S. economy amidst high interest rates and a low unemployment rate, painting a picture of optimism where investors envision a 'goldilocks' scenario under new economic policies. However, this rise is shadowed by tariff threats, hinting at potential global trade disruptions. The depreciation of European currencies against the dollar signals a market in flux, with investors recalibrating their strategies in light of possible protectionist measures. This scenario challenges us to ponder the broader implications: How will these tariffs reshape international trade dynamics, and what does this mean for the global economic order that has favored open trade for decades? The Dollar Index's ascent also prompts a deeper reflection on currency as a barometer of geopolitical stability. With the U.S. potentially stepping into a new era of economic policy, the world watches closely. This moment invites investors and policymakers alike to consider global economic relations' immediate impacts and long-term trajectory. Will this lead to a reevaluation of the dollar's role as the world's reserve currency, or will it strengthen its position amidst global uncertainties? This question is not just about economics; it's about understanding the undercurrents of power and influence in a world at a crossroads.
INDEX:DXYLong
by UDIS_View
GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2365 2nd Support – 1.2460 🎁 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.
Long
by KABHI_TA_TRADING
14
Strong Dollar Puts Bitcoin at Risk: 5 Things to Watch This Week The cryptocurrency market is bracing for a potentially volatile week as the US dollar reaches its highest point since the 2022 bear market. This surge in the dollar's strength has historically presented challenges for Bitcoin, and traders are closely monitoring several key factors that could influence BTC's price in the coming days. 1. The Dollar's Dominance The US dollar's resurgence is a critical factor for Bitcoin traders to consider. A strong dollar often exerts downward pressure on Bitcoin's price.2 This inverse relationship stems from Bitcoin's pricing in US dollars; when the dollar is strong, it takes fewer dollars to buy the same amount of Bitcoin, thus lowering the price. 2. Bitcoin's Price Risks Bitcoin's price has struggled to break free from the shackles of the bear market, and the strengthening dollar adds another layer of complexity. Traders are wary of potential downside risks, especially if the dollar continues its upward trajectory. The psychological barrier of $100k remains a key level to watch; a break below this could trigger further sell-offs. 3. Correlation with Traditional Markets Bitcoin's correlation with traditional markets, particularly the S&P 500, has been a recurring theme. As the dollar strengthens, it can also impact traditional markets, leading to a risk-off sentiment. This could further weigh on Bitcoin's price, as investors may seek safer assets like cash or bonds. 4. On-Chain Metrics While on-chain metrics provide valuable insights into Bitcoin's network activity, they may not offer immediate relief from the dollar's influence. Metrics such as exchange reserves, miner activity, and long-term holder behavior can indicate underlying strength or weakness in the Bitcoin market.3 However, these factors may take time to play out and may not immediately counteract the effects of a strong dollar. Conclusion The confluence of a strengthening US dollar and Bitcoin's existing price risks creates a challenging environment for traders. While the long-term outlook for Bitcoin remains positive, the short-term picture is clouded by uncertainty. Traders should exercise caution and closely monitor the factors outlined above to navigate the potential volatility in the Bitcoin market this week.
BITSTAMP:BTCUSD
by bryandowningqln
EUR/USD Analysis: A Deep Dive into Key Triggers🧵 EUR/USD has been in a prolonged downtrend, recently gaining even more bearish momentum due to the strength of the DXY. I’m Skeptic , and in today’s analysis, we’ll break down potential long and short triggers for this pair. Let’s explore opportunities across multiple timeframes. 📉 Daily Timeframe: Identifying Key Levels On the daily chart, the primary trend remains bearish within a descending channel. Key Support Zone: 1.01270 to 1.00423 This zone aligns with the midline of the channel, Fibonacci retracements, and horizontal support levels. If you’re holding short positions, this area is ideal for profit-taking. 📍 4-Hour Timeframe: Triggers and Precision Moving to the 4-hour chart, we pinpoint actionable setups: After breaking below the 1.02527 support level and consolidating, EUR/USD has reached the 1.02084 support zone. For Breakout Traders: A break and close below 1.02084 could signal further bearish momentum. I personally lean toward this approach and will monitor the break closely. For Reaction Traders: Waiting for a pullback or bounce near the daily support zone (1.01270-1.00423) might offer better long opportunities with tighter stop-loss levels. 📈 DXY Analysis: Driving Market Sentiment The DXY (US Dollar Index) continues its strong bullish trend, and its performance heavily influences EUR/USD: A sustained break above 109.449 could pave the way for further upside toward 113.219. With its current bullish momentum, this move could pressure assets like Bitcoin, which may test critical support levels at 85 or even 80-82. Key Takeaways: EUR/USD: Watch for a break below 1.02084 for short entries. React near 1.01270-1.00423 for potential long setups. DXY: A continuation above 109.449 strengthens bearish pressure on EUR/USD. Conclusion & Final Thoughts Navigating the EUR/USD market requires a blend of technical precision and patience. While short-term triggers offer immediate opportunities, always align your trades with the broader market context, such as DXY trends. 💬 What’s your take on EUR/USD? Are you a breakout or reaction trader? Share your insights in the comments! I’m Skeptic , dedicated to simplifying trading and helping you achieve mastery step by step. Let’s keep growing and learning together! 😊
Short
by SkepticWise
1
Euro Back to Parity?The possibility of EUR/USD reaching parity remains a realistic scenario under current macroeconomic and geopolitical conditions. 1. Diverging Monetary Policies In light of Tump 2.0 and the potential impact of increasing inflation due to the introduction of tariffs, the Federal Reserve is seen to be backing down on its path to keep cutting rates. On the current plans for only 2 rate cuts in 2025, elevated U.S. interest rates could continue to bolster the U.S. dollar, as higher yields attract foreign investment, increasing demand for USD. On the other hand, the European Central Bank (ECB) faces mounting pressure to ease its policy stance. The Eurozone economy has shown signs of stagnation, with Germany, the region's economic engine, teetering on the brink of recession. A dovish ECB weakens the euro relative to the dollar, contributing to downside pressure on EUR/USD. 2. Weakening Eurozone Economy The U.S. economy has remained relatively resilient, supported by robust labor markets and consumer spending. Conversely, the Eurozone has struggled with sluggish growth and energy dependence, leaving it more vulnerable to external shocks. 3. Geopolitical Risks The ongoing effects of the Russia-Ukraine war continue to strain Europe’s energy sector. While the region has reduced its reliance on Russian natural gas, high energy prices remain a structural challenge, eroding business competitiveness and consumer purchasing power. Heightened geopolitical tensions globally have fueled risk-off sentiment, benefiting the safe-haven U.S. dollar. 4. Technical Analysis EUR/USD has been trading in a downward trend since October 2024, after reaching a peak of 1.12. Should the pair break below the round number level of 1.02 (and 61.8% Fibonacci retracement level from the longer term) the path to parity becomes increasingly plausible, with 1.00 serving as the next major psychological support. The 50-day moving average remains below the 200-day moving average, forming a " death cross " pattern, which indicates bearish momentum. Additionally, the TSRI MACD crossover indicates continued selling pressure but room for further downside. Conclusion The conditions are aligned for EUR/USD to reach parity. While short-term volatility and market sentiment may delay this move, the structural drivers of dollar strength and euro weakness remain firmly in place.
Short
by JinDao_Tai