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Dxyanalysis

Major clues in USD indicate Bear market Late summer/ early fallHi guys. When trading its always important to learn/educate to find an edge on the markets. There are so many charts you can access to analyze/compare, etc. Its known that many ticker symbols can be used in certain ways to help understand markets in a deeper way. The DXY or U.S. Dollar Index is an asset that i use to assess Risk mentality. So keeping it simple: If dollar RISES -> it indicates a RISK OFF mentality -> so people leave risky investments to enter the safety that is cash If dollar FALLS in price -> it indicates a RISK ON mentality -> this means peoplpe are leaving the safety of the dollar to take risk in other investments. Im bringing you this analysis to assess the health of the broader markets and whether or not we are at risk of a down fall/ recession especially with tensions significantly rising in the Middle east. So jumping right in. I got 3 Red resistance trend lines drawn. This trendline, in part reflects Bull runs in broader markets. 2 from past history 1 which is associated with our current Price action. As you can see, this Resistance begins at the TOP price of DXY. Price is then supressed from a certain amount of time, before a breakout back ABOVE. Everytime we have broken the resistance trendline. The dollar starts a massive Bull run when measured: The 1st one lasted about 700 days The 2nd one lasted about 460 days. So the question i asked was how does this relate to the S&P and other markets. Does the breakout above resistance from the start cause drops in all markets? When i looked, i was surprised. Fall in other markets does NOT happen right off the breakout. In fact, when i measured after the resistance breakouts it takes roughly 133-189 days before S&P begins a BEAR market. As indicated by black lines. 1st example it took 133 days after breakout 2nd example took 189 days after breakout. We have recently broken out ABOVE the red resistance trendline. So if you consider previous history, our next Bear market i believe will begin sometime late Summer or early Fall. Now remember previous history does not have to repeat. It just helps us find patterns and consider things. It is however possible, if actual war does breakout. Things may change, as it would be considered a Black swan event. However, until it happens this is the likely scenario in my OPINION. Our current movements i think is just a pullback before continuing higher. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on DXY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
TVC:DXYLong
by SafofAllTrades
DXY Still have some move to the upside**Monthly Chart** Last month's candle closed bullish and as a key reversal to the upside indicating a continuation move of DXY to the upside at least to 106 level and balancing monthly engulfing levels at 107. This tells me that other pairs such as EURUSD & GBPUSD still have room to move lower to the discount zone (extreme demand zone) before deciding to move higher. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** There is a weekly High at around 105 level followed by a liquidity pool imbalance between 106 and 107 level. These levels will be critical for DXY if it wants to break to the upside. However, last week candle closed as doji (indecision) which was due to low movements in the market last week. **Daily Chart** Last week move was only a continuation of the upswing of the previous week which coiled near the MC candles of 14 Feb 2024. I will be watching the market reaction near the weekly high and look for a sign to suggest the next move for other pairs against USD.
TVC:DXYLong
by PropSignals
1
📈DXY Daily Long Scenario / A Bearish Week Waiting For Gold?📉TVC:DXY FXOPEN:DXY Hello dear traders. ⚡️ In this post I will track the DXY movements from 12 Apr - 18 Apr. 📈 What to Expect? 💡As long as DXY is above the midline of the pitchfork structure, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. ⚠️Important Note⚠️: The price movement has been drawn a little wider than the actual movement to make it better visible. The actual price trend is likely to be faster. Do not hesitate to ask any question about the analysis. CrazyS
TVC:DXYLong
by CrazyS
$EURUSD Heading toward 1.0500. See Why!!!Idea - Looking at the Monthly Candle it is clear that There's not enough demand strength to push higher toward the highs, from both the original bullish FVG and Also the recent monthly FVG - The recent monthly FVG should've expanded toward atleast previous 3M high but after sweeping previous high, confirmation of bullish weakness to target, the Previous Month and 3M low toward previous years low, from which enough liquidity can be found to deliver higher -If Monthly Candle closes comfortably below 3M Low. Prepare for more Euro Bearishness - Look at my DXY idea, Capitalised Heavily on the move. And Possibly more profits to be secured in this quarter 1. Created new FVG to deliver toward June 2023 Highs but Failed to Deliver higher in December 2. FVG Failed to Deliver toward recent highs. There's no Demand strength to push Higher 3 Enough Liquidity Behind previous Month Highs to push prices lower toward first target. Previous Quarters Low. Then Previous Years Low
CME:6E1!Short
by Phronesis_Flow
DXY update before PMI price is near the resistance 0f 104.750 >> 104.800 >> 105 now the question whether the price sweep or run through this liquidity ??? as price has made higher high and higher lows with recent bos we are looking to buy instead of going short during the impulsive momentum candle price has left behind some bullish fvg which are pending below at the level of 103.700 level before this we have higher low (this higher low could be the liquidity before 103,700 i dont see any major fvg or ob as of 4h time frame price currently going all time high which need to take a pullback to fuel the upside move again the candle formed since 27th march are mostly sideways following a trending which is another area of liquidity laying below it
TVC:DXY
by Jimmy_Rebello
🚨DXY Index Is Ready to Go Down by H&S Pattern🚨🏃‍♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible. 🔔I expect the DXY index to continue its decline after breaking the 🟢 Support zone($104.26-$103.88) 🟢 around $103 . 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.
TVC:DXYShort
by pejman_zwin
1
DXY Directional Bias is now Bearish**Weekly Chart** As Expected in our previous analysis DXY coiled near MC Candle of 14th Feb 2024. Note: Please refer to our last week analysis. **Daily Chart** Last week DXY moved higher only to break the high of the previous MC, balance the IPA (FVG) candle of Nov 2023, and tricked retail traders by moving slightly higher before started dropping and creating another MC candle. On Friday 5th April 2024, DXY tried to move higher again but it failed and created a key reversal and tested the smaller liquidity candle of 3rd April before moving lower. The reason this reached a weekly high and dropped below it, suggests a move lower in the next couple of weeks. The first target is around 103 and the second target is around 102.50 (the previous weekly low).
TVC:DXYShort
by PropSignals
1
EURUSD Intraday Long on NFP Day.Hello Fanatics! Today is NFP, which is usually a low-quality day to be trading. We never know what is going to happen. My tip is to wait for the news release to be out and only then look to flow with whatever the market is showing you. Today, I am just testing this video recording and sharing a quick idea on EURUSD. Based on all the timeframes - we are stuck between supply and demand zones, so it's low-probability to start with. However, there could be a quick intraday move into a 4H Imbalance. Waiting for 1H or 15M context to enter from and target the 4H Zone.
by TradingFanatic
DXY analysis 23 Mar 2024Monthly: The price has been showing strong resistance in M-BPR. So we could anticipate that the price has been started to fall down, If We get any Daily Bearish-MSS, After that we could go down. Monthly Bias: Consolidation Weekly: The price has been touched the W-FVG- There is a W-BSL resting in 105.00 level. So we could anticipate the price will take the W-BSL then start to move down. If we get any H4 Bearish MSS/CISD then our Bias towards the Down Side will confirm. Weekly Bias: Consolidation Daily: The price has been taken the D-BSL & Touched the D-FVG- So we could anticipate that in the up coming week we will be going down towards the D-SSL. If we get any H1 MSS then we can confirm that we are going down. Daily BIas: Upward.
TVC:DXY
by Trader_PKR
DXY Analysis: Potential Retracement AheadI'm closely monitoring the DXY (US Dollar Index) for indications of the dollar's trajectory into the weekend and early next week. The US dollar's influence on global markets makes the DXY a critical reference point for traders. Given the strong correlation between many currency pairs and the US dollar, the DXY's current position at a key resistance level suggests a potential pullback. The dollar appears overextended, and coupled with typical end-of-week trading patterns, we may see a significant retracement impacting broader markets. Important Disclaimer: This analysis is intended for educational purposes and should not be interpreted as financial advice.
TVC:DXY
by fxtraderanthony
1
DXY Index Is Ready to Go Up🚀✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴. 📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern . 🔔I expect the DXY index to rise to at least 🟡 Potential Reversal Zone(PRZ) 🟡. 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.
TVC:DXYLong
by pejman_zwin
3