DXY Update – Bullish Correction in PlayAt the beginning of the month, I mentioned that the USD Index (DXY) could start a corrective move to the upside, with the 100 level being the critical line in the sand.
Indeed, the index managed to break and hold above this psychological and technical level, currently trading around 100.70, well above the former resistance now turned support.
My bullish outlook remains intact, and I expect the upside continuation to target the 102 zone in the coming sessions.
Conclusion: For pairs like EURUSD and GBPUSD, rallies should be sold as long as this bullish momentum holds. 🚀
DXY
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
On the 4-hour chart, EUR/USD is forming a downward corrective structure following a strong bullish move.
Price is approaching a support area, which aligns with a 0.5 Fibonacci retracement level
We anticipate the correction to complete near this confluence zone, followed by a resumption of the bullish trend toward higher targets.
Will this support hold and trigger the next bullish leg? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
Bearish revrsal off pullback resistance?US Dollar Index (DXY) is rising towards the pivot and could reverse from this level to the 1st support.
Pivot: 101.78
1st Support: 98.90
1st Resistance: 103.41
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.
DXY Will Go Higher! Long!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 100.428.
Considering the today's price action, probabilities will be high to see a movement to 102.304.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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NZDUSD - Elliott Wave Setup: Eyes on the Buy Zone!NZDUSD - 3D Chart Elliott Wave Outlook
We've been tracking NZDUSD over the years and each move continues to align with Elliott Wave Theory.
The current structure is unfolding as a large ABC corrective pattern.
- Wave A and the complex Wave B (WXY) are now complete.
- We're now in Wave C, and we expect it to target the highs of Wave A.
Recently, NZDUSD made a clear bullish impulse but has been consolidating for the past 3 weeks. This correction is likely to resolve with a bullish breakout.
We've marked a buy zone between the 38.2% and 50% Fibonacci retracement levels, which we believe is the ideal entry area. We'll be watching this zone closely for lower timeframe bullish confirmations like a break of structure (BOS) or trendline break.
Trade Plan:
- Wait for price to enter the buy zone
- Look for bullish confirmations (BOS, trendline break)
- Enter after confirmation, with stops below the corrective lows
- Targets: 0.63 (500 pips), 0.65 (700 pips)
Goodluck and as always, Trade Safe!
the trap has layerswhat if i told you the dxy was not done yet,
what if i told you, there was 1 more push up,
1 more test before it truly breaks and starts a bull market.
what if i told you that on that final test, that final push up,
the crypto market breaks and takes everything.
---
you probably wouldn't believe me.
---
looking at the dxy as a simple zig-zag with a complex flat in the b-wave.
once wave b is completed, at about 110-111,
i predict it drops down, deep
and while it drops,
it triggers alt season.
🌙
Gold XAUUSD Possible Move 9th May 2025🟨 XAUUSD (Gold) Analysis – 09 May 2025
Market Structure Overview:
The market was previously in a bearish trend, forming consecutive Lower Lows (LL) and Lower Highs (LH).
A bullish shift in structure occurred when price formed a Higher Low (HL) followed by a Higher High (HH), breaking and closing above the previous Lower High.
This break of structure signals a potential trend reversal or deeper pullback in progress.
Key Levels:
Support Zone (Demand): Around 3,315 – 3,325 (recent breakout zone and potential retest area).
Resistance Zone (Supply): Around 3,365 – 3,375 (previous structural HH + liquidity pool).
Expectations:
If price sustains above the 3,315–3,325 support zone, we expect a continuation to the upside targeting the 3,365–3,375 supply zone.
If price fails to hold above support, a rejection and continuation to the downside toward 3,280 is likely.
🔔 Trading Signal (Setup Idea):
Type: Buy (Conditional)
Entry:
Buy on confirmation from support (e.g., bullish engulfing, FVG, or sweep + bullish structure) around 3,320–3,325.
Stop Loss:
Below the swing low or invalidation level: 3,310
Take Profit:
TP1: 3,340 (minor resistance)
TP2: 3,365–3,375 (major supply zone)
Risk/Reward: Minimum 1:2 RRR
Confirmation Tips:
Look for bullish price action at the support zone (e.g., bullish pin bar, demand FVG, CHoCH).
Use volume, OBV, or momentum divergence for additional confirmation.
Show support by following, comment and sharing.
DOLLAR INDEX (DXY): Bullish Reversal Confirmed?!
Dollar Index formed an inverted head and shoulders pattern on a daily.
Its neckline breakout is a strong bullish reversal signal.
The broken neckline of the pattern turns into a significant support now.
We can expect a growth from that at least to 101.25 resistance.
❤️Please, support my work with like, thank you!❤️
Retrace Complete...but we need 1 more Sweep on Gold!This pullback is what I waited for and it took all week for it to happen. Not sure if I will get the bullish move today being that it is Friday. But if they hit the level I'm looking for I will try at least once. Keeping expectations low since its the end of the week. but things are shaping out for us to have a STRONG bullish week next week.
Heading into 61.8% Fibonacci resistance?US Dollar Index (DXY) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support.
Pivot: 101.39
1st Support: 99.91
1st Resistance: 102.58
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.
Why I'm Bullish on the DXY: A Fundamental Approach!Powell continues to take a cautious tone, emphasizing a wait-and-see approach while acknowledging rising inflation risks, which suggests there's no urgency to cut rates. This leans slightly hawkish, especially compared to the market’s more dovish expectations, and could support some near-term Dollar strength. However, a more sustained move in the USD likely hinges on progress in upcoming trade discussions—particularly with China. Today's FOMC outcome is just one part of the broader picture; the next key signal may come with developments in the coming days. For now, the bias remains USD bullish heading into the London session.
Technically, the DXY has broken its downtrend, signaling a potential shift in momentum. I’ll be watching for a possible retracement toward the 99.700 area, which could serve as a key support level before any further upside continuation.
GBP/USD is setting the stage for a deep correction — Don’t chaseA Smart Money trap is unfolding as price enters a major supply zone. Prepare for a sharp move.
GBP/USD is now testing a critical supply zone near 1.3300–1.3500, where institutional sellers are likely to activate.
According to Smart Money Concept (SMC) and Market Structure, we are anticipating a liquidity grab followed by a deep corrective move towards the 1.2500–1.2300 demand zone.
Key Insights:
– Major Supply Zone: 1.3300–1.3500 is the key area for potential reversals
– Expected Move: Short-term bullish exhaustion → Strong sell-off towards 1.2500
– Mid-Term Outlook: After the correction, bullish continuation possible but only from lower demand zones
– Strategy: Wait for bearish confirmation at supply zone before selling | Look for buying opportunities closer to 1.2300 if structure shifts bullish
Smart traders wait for clean entries
DXY is entering the Smart Money play — Are you ready Temporary selling pressure is unfolding, but a powerful bullish reversal zone is on the horizon! Don’t miss this key USD cycle setup
The US Dollar Index (DXY) is currently breaking down for a temporary selling phase, approaching a high-probability demand zone between 96.40–98.00.
According to the Smart Money Concept, institutional players are clearing liquidity before driving price back towards the higher supply zone (106–110).
Key Insights:
– Temporary Sell-Off: Price is moving toward the demand zone
– Bullish Reversal Expected: Watch for signs of accumulation around 96.40–98.00
– Next Target: Supply zone near 106+ levels
– Strategy: Monitor for bullish confirmation before longing
Stay ahead with clean Smart Money setups —
"DXY is building a textbook bullish flag — here’s exactly where For Traders (technical + confident)
DXY bulls gearing up for a double-leg rally”
1. Context & Market Structure:
After a sharp impulsive drop (green falling wedge), DXY has begun corrective accumulation in an ascending channel.
Current price 99.531 is consolidating inside a broadening bullish flag pattern.
Key Zones:
Major supply zone: 100.500 – 101.000 (highlighted yellow box)
Short-term resistance: 99.700
Short-term support: 98.8Projected Path (2 bullish legs):
First push (red path): Minor pullback → break to ~100.100
Second push (blue path): Consolidation → breakout towards 100.500–101.000 (target zone)
00–98.500
Bias:
Short-term bullish → Targeting supply zone around 100.5–101.0
Invalidation level: Clear break below 98.500 (would negate bullish setup)
>
Trade Idea:
Buy on dips within the ascending flag, targeting 100.100 and 100.500
Watch reaction near supply zone for possible reversal or continuation
XAUUSD - Gold trend after FOMC!Gold is trading above EMA200 and EMA50 on the 4-hour timeframe and is trading in its descending channel. A downward correction in gold will lead to buying opportunities from demand zone.
Barclays Bank has issued a warning that the likelihood of an economic recession in the United States is increasing. According to the bank, ongoing uncertainty in U.S. trade negotiations has weakened business confidence and reduced investment activity, which could potentially steer the economy toward contraction.
In a note to its clients, Barclays stated: “The longer this uncertainty drags on without tangible progress in negotiations, the greater the risk of a recession becomes.” While the bank still considers a mild recession to be the most likely scenario, it emphasized that this outcome could be avoided if trade tensions ease.
Barclays also pointed to challenges facing the U.S. stock market, warning that further gains in equity prices will be difficult. The bank cited downgraded corporate earnings forecasts and President Trump’s unpredictable policy decisions as major obstacles to continued market growth.
Meanwhile, investment bank Goldman Sachs reaffirmed its bullish stance on gold, forecasting that the price per ounce could reach $3,700 by the end of 2025 and rise to $4,000 by mid-2026. In the event of a U.S. recession, increased capital inflows into exchange-traded funds (ETFs) could push gold as high as $3,880. Additionally, in risk-heavy scenarios—such as shifts in U.S. reserve policy or concerns about the Federal Reserve’s independence—gold could surge to $4,500 by year-end 2025.
Analysts at CPM Group noted in their assessment that the U.S. government has recently pulled back from some of its tariff threats while also facing legal resistance and declining public support. They added that the release of weaker-than-expected economic data in recent days has raised speculation that the White House may backtrack on some of its more costly economic and political initiatives.
Nevertheless, the firm cautioned that this reduction in perceived risk is likely temporary. “The recent price drop may prove short-lived, as it seems unlikely the government will completely abandon its plans. Rather, those policies may be restructured and pursued with a new approach. As such, the latest dip in gold prices—or any near-term decline—could present a strategic buying opportunity,” they said.
CPM Group bases this outlook on the assumption that the geopolitical and economic forces that have supported gold and silver demand in recent months remain largely intact. Although some recent signals point to easing tensions, there are also indications that conditions could become more volatile later this year.
Finally, the analysts added a seasonal perspective, stating: “We expect gold prices to peak between March and May, followed by a corrective phase through August—a pattern that could pave the way for new highs later in the year. Therefore, another rally in May is plausible, and purchasing during pullbacks—or even at current levels—could be a rational decision in the very short term.”
Bitcoin showing itself to be the STRONGEST ASSET right nowThsi is a VERY Bold statement but there is a saying that we need to understand
CHARTS NEVER LIE
This chart is the 4 hour charts of
Bitcoin - Gold
DXY $ - S&P500
There are a number of things to see here.
The First and strongest sign is simply that Bitcoin has risen over the last 36 hours alongside the $ Rising.
This in itself is a huge sign. 80% of the time, these 2 assets go in opposite directions. To me, this is showing a weakness in Faith in the $,
With Lower interest rates, less return on Holding. However, the USa will not want to see the $ drop much further and so I imagine it is being bought up to safeguard its price.
Next week, on the 13th, we have inflation figures published.
We need to watch that Closely.
The $ is currently Lower than it has been for a long time and while this can be seen as a Negative, it has also made American goods cheaper to buy to Foreign Markets, while it has increased the value of other Currencies.
Making the $ cheaper is potentially a Good idea.
At the same time, we see the Global traditional "Safe Haven" Selling off.
The Daily CFD on Gold chart above it has formed a double Top, that usualy creates a draw down.
It is also overbought on a daily after its recent pushes higher.
But more than anything, with interest rates remainiiiiiiiiiiiiiiiiiing static, this has released pressure of investers and so Risk appetite is returning.
Again, we need to watch what happens around the 13th when USA inflation figures are released.
And then the S&P500
Overall, it has been dropping since Feb
This Daily chart shows us It made a recovery but this may not be to go to ATH again but more part of the ABC correction.
There is a possibility it could be forming an inverse Head and Shoulders...so, again, we watch
So, over all, what we see is BITCOIN taking on all the markets and making the biggest gains
It has certainly been the least volatile with Dips and Troughs shallower than the $ and S&P500 which is Stunning if you have ridden Bitcoin for the last 10 years....
Bitcoin has Matured in to a REAL Asset Class..
For me, it is NOT Crypto anymore.
.IT IS BITCOIN