Dxyanalysis
DXY and USD Pairs Technical Analysis and Trade Idea In this video, we provide a succinct analysis of the U.S. Dollar Index (DXY) and its potential impact on USD pairs. Following recent bullish momentum, the DXY has become overextended, reaching resistance levels. Currently, we observe a significant retracement toward support. Our main goal is to identify an optimal buy entry point within this critical support zone, assuming price action aligns with our analysis from the video.
As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s essential to recognize that this content serves an educational purpose and should not be construed as financial advice." 📈🚀📊
DXY monthly Price analysis 3 June 2024Monthly Chart: The price has rejected from the monthly OB then, It created a M-MSS. Now month of June the price has goin bellow the TMO before the NFP week. So we could anticipate that rest of the month the price will go upward.
Monthly Bias: Bullish
Weekly Chart: The price is going down towards the PML W-SSL. There are W-FVG along with W-BPR & W-OB which might work as a resistance. If we have any H4-MSS+ after the NFP news events from those W-PDA's then our weekly Bullish Bias will be confirmed.
June 03, DXY & GBPUSD: Trading Insights for the Week Ahead!Greetings, Traders!
Brief Description🖊️:
We are in the first week of June, a period marked by high-impact news, including the Non-Farm Payroll (NFP) report. In this video, I will provide an in-depth analysis of the DXY and GBPUSD pairs, offering valuable insights for the upcoming week in trading.
Things We Will Cover👀:
Lecture on Draw On Liquidity🧠:
Understanding how to analyze the market objectively.
Studying key concepts such as Fair Value Gaps (FVGs), order blocks, mitigation blocks, breakers, and more.
Market Analysis📉📈:
DXY and GBPUSD: Detailed analysis of these pairs to uncover potential trading opportunities for the week ahead.
Draw On Liquidity: Understanding what the draw on liquidity is for this week and how it impacts our trading strategies.
What's Important Now❗
Stay tuned to gain a comprehensive understanding of market analysis and to identify profitable trading opportunities in the upcoming week.
Best Regards,
The_Architect
DXYThe dollar price looks bullish on the daily timeframe, moving within a symmetrical triangle and ascending channel, and following the Elliott Wave 12345 pattern. Currently, the price is at a resistance-turned-support level; waiting for a bullish rejection here could signal an upward move. This would positively impact XXXUSD pairs and negatively affect USDXXX pairs.
DXY hits major resistanceDXY: The USD index this week is touching the susceptible help area round 104.60, so withinside the brief term, the USD is anticipated to get better barely today. Most of the marketplace will now no longer have lots fluctuation because of the financial institution holiday. Ace can refer to shopping for with USD
DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel .
💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone .
🔔I expect the DXY Index to rise to at least the Resistance line .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#DXY#dollar_index
#Update
According to the previous analysis, the second scenario that was mentioned can be completed in the area of 107 to 109 movement units...
But according to the structure, I found it necessary to do this update, because according to the type of movement behavior, we should see a movement towards the ceiling.
1- This movement wave can at least return 100% of the wave, which is the red box range.
2- If a failure occurs, the 1.272 and 1.618 targets will be activated.
Therefore, the post will be updated up to 100% if necessary.
3- This upward movement will form the big B wave, which will then have to wait for the big C, which will have a sharp break and acceleration. Therefore, this wave should be a triple wave.
4-According to the analysis of #gold, ( HERE )there is a big super cycle in gold for the next step of its growth, which we should probably witness big changes.
Expectations for the US Dollar Market from May to August 2024Expectations for the US Dollar Market from May to August 2024
May to Early July 2024:
The US dollar is anticipated to remain strong, with the market reaching a high of 108.459 by July 1, 2024.
First Three Days of July 2024:
After peaking, the dollar is expected to decline, potentially dropping to 105.785 by July 25, 2024.
Stay updated with our forecasts to navigate the US dollar market effectively.
Keywords: US dollar forecast, USD market trends, dollar strength 2024, USD predictions, currency market analysis, USD outlook May to August 2024, forex trading, financial forecasts, USD high and low, July 2024 USD predictions.
Feel free to share your thoughts and join the conversation on the US dollar market outlook.
What's next for Silver and Gold?OANDA:XAGUSD
OANDA:XAUUSD
TVC:DXY
Finally 😎 Silver broke through $30.
So what's next?
Long-term: I would say there is nothing on its way to go for $50. BUT, what would support Silver to go for $50? where's the demand for silver? How would supply change in the coming years? ....
I would say, let's not get ahead of ourselves and focus on what's going on now, then I try to prepare a separate post for the reasons I have for staying bullish on silver in the coming years.
Short-term: As you might have noticed, on 15 May, after the US Fed announced the CPI data, silver started its rally to $30. The recent CPI y/y data came out at the expected level of 3.4% and the CPI m/m was at 0.3% which was lower than the market expectations. So, Fed Chair Jerome Powell continued his recent interviews with a dovish tone which signals that we are very close to a rate cut **. For now, the first rate cut is expected to happen in September.
Long story short, gold and silver are pricing in the rate cuts now as this sentiment pulling DXY down. So, in the short-term , I would like to see Silver between $33.6 - $36.4 and Gold entering the $2580 - $2650 area. In the meantime, DXY can reach to 103. I have highlighted these areas on the chart 😊.
** Watch out for unemployment numbers as the Fed shifts its focus on that. If you are a day trader, you can expect higher volatility around unemployment news than before and you expect this number to have a higher impact on the longer-term trends of DXY.
** Also, keep that in mind, if they want to normalize the 3% inflation rather than 2%, it means we can expect higher levels of interest rates for a longer period of time.
May 20, DXY & GBPUSD: Key Insights for the Week Ahead!Greetings, Traders!
Welcome to an exciting and insightful video where we dive deep into the DXY and GBPUSD pairs. This week, both pairs have hit crucial junctures, making it the perfect time to analyze and adjust our trading strategies.
We'll explore significant retracements and pinpoint key points of interest, providing you with a comprehensive outlook on potential price movements. What trading opportunities lie ahead? Let's uncover the strategies that could make this week profitable for you.
April 29, Long-term Video Analysis (DXY & GBPUSD):
March 15, SMT Divergence (Educational Lecture Explaining how to use it):
Tomorrow's my birthday, happy trading, Traders!
The_Architect
DXY Price analysis 19 May 2024Monthly: The price come down after creating the M-Mss+, as there is no space left for M-FVG now so our bulish bias is invalid now.
Monthly Bias: Consolidation.
Weekly: The price has taken the W-FVG+ & closed bellow, Creating a W-MSS -, & there are 2 Target bellow situated in 103.921 level, so now our target is to go for the W-SSL.
Weekly Bias: Bearish.
Daily: The price has been rejected the W-FVG, now D-MSS- has been formed with a D-FVG- & the Price already rejected from that level, So the daily price is clearly showing that the we are going down, towards-103.921 level.
Daily Bias: Bearish
H4: In this level the price has been formed a h4 Cisd- from the daily FVG, so now we are confirmed that we are going towards down.
H4 :Bias Bearish.
DXY: DXY analysis todayThe dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world.
The DXY index recorded its biggest decline of the year, falling 0.75% and penetrating below the MA 200 line. DXY is currently trading around its 5-week low at 104.17 at the beginning of the Asian session.
DXY - USD Sinking To A Bottomless Pit The Fundamentals
When I think of U.S. Federal Reserve and U.S. Government infinite debt ceiling, the title of the movie, "The Gods Must Be Crazy" comes to my mind. What they are doing has only one end result, the destruction of the U.S. $ and its economy.
There are new sheriffs in town (BRICS - Economic Sheriffs, Russia, China, Iran - Military Sheriffs), the U.S. no longer has military nor economic hegemony, this is what's behind the power of the U.S. $, imagine being powerless to protect their interests in the red sea, where there's a new sheriff in town called Iran camouflaged as Houthis :D or being kicked out of Niger?
Some genius decades ago, had the bright idea that backing the U.S. $ by military power was a great idea, moving factories to China for the sake of increasing profits was also a bright idea, and at the same time antagonizing China.
The Technical Analysis
Counting the waves, looks like we've completed wave B of wave 5 which means wave C could take the USD below 92. Coincidently that's close to 0.5 and 0.618 Fibs. Wave 1 and 2 of wave C looks completed now brace for impact!
Mayday! Mayday!
The Bullish Scenario
Wave B of wave 5 could be an extended wave and take the USD all ze vay to 119 and crash afterwards.
DXY : The USD continues to weakenThe USD plummeted as expectations of the Fed lowering interest rates increased after US inflation data
The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world.
US government bonds recovered after economic data along with the sell-off of Japanese bonds. The gap between US and Japanese 10-year government bond yields narrowed nearly 20bps this week.
The DXY index recorded its biggest decline of the year, falling 0.75% and penetrating below the MA 200 line. DXY is currently trading around its 5-week low at 104.17 at the beginning of the Asian session.
DXY : The USD will continue to weakenOn the morning of May 15, the State Bank (SBV) announced the central exchange rate USD/VND at 24,269 VND, an increase of 3 VND. The exchange rate range allowed for transactions at Commercial Banks ranges from 23,400 - 25,450 VND. The USD/VND exchange rate was also brought to the trading range of 23,400 - 25,450 VND by the SBV Exchange.
This morning's exchange rate increased slightly at commercial banks. Specifically, Vietcombank has a buying level of 25,152 and a selling level of 25,482, an increase of 3 dong in both buying and selling directions compared to yesterday. Meanwhile, the exchange rate on the free market increased more strongly. In Hanoi at 05:15, the exchange rate fluctuated around 25,768 - 25,848 VND, an increase of 10 VND on the buying side and an increase of 20 VND on the selling side compared to yesterday.
The DXY index yesterday almost lost the 105.00 mark after the PPI data was released. Currency pairs also fluctuated accordingly, even the USD/VND exchange rate in the forex market also decreased sharply. However, somehow miraculously, the listed exchange rate still increased slightly.