Navigating Critical Market Levels: DXY & NAS100 Analysis👀 👉 The DXY and NAS100 are currently at pivotal points, with price action flashing caution signals. The DXY is probing key liquidity levels, while both DXY and NAS100 are showing signs of structural shifts in their trends. It could be prudent to approach the market cautiously today, waiting to see how the USD develops during the New York session and into Tuesday.
Disclaimer: The insights shared in this video are for educational purposes only and should not be considered financial advice. Always conduct your own analysis or consult with a financial advisor before making any trading decisions. 📊✅
Dxyanalysis
DeGRAM | DXY rebound from the extension levelDXY is moving in a descending channel between trend lines.
The price has reached the 100% extension level and is now trading above the support.
The chart has formed a pattern AB=CD.
We expect a rebound.
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USD DOLLAR possible reversal for 102.50USD Dollar hit the 100.50 price level which is strong support area of last 8 months. 28th December 2023. this is quite strong support area which should fight to hold and reverse price upside to the 102.50. Buying zone 100.50, stop loss: 100.20, target: 102.50. Trend is quite bearish, reversal trade takes time to digest supply for long. If USD Dollar holds that strong support then might see fall in gold, eur and other currencies as well.
USD bears! Markets don't move in a straight line (forever)We stand back to admire the long-term chart of the US dollar index, and yes there could be further downside over the coming weeks. But a quick check on the daily timeframe makes us wary of jumping into an already well-established short, given potential support levels nearby and the fact everyone and their dogs seem to be bearish the dollar.
#DXY 1W chartLet's update our #Dxy 1W chart;
100$ already seen.
The pattern I mentioned before continues, I was wondering if it would only go up one more round, but it did not allow it.
* Weekly close came below the trend line.
* It gave a mismatch signal.
* For the first time in 2.5 years, it closed below the 200 EMA on a weekly basis.
After OB fills the resistance zone (gray box), it may rise again for an up retest.
If it closes below the blue line, the decline may deepen.
Why is DXY important for us?
DXY Potential Longs from 100.200 back upMy current bias for the dollar is very much bearish, as price has broken structure to the downside once again. While I don’t trade the dollar directly, I use it as a confluence to confirm trade ideas for other pairs like GBP/USD (GU) and EUR/USD (EU). Since I’m looking to short both pairs right now, this bearish outlook on the dollar makes sense.
In scenario (B), I can see the price heading to the 9-hour demand zone, where it might accumulate and then shoot back up to the next supply zone. With the recent break of structure (BOS), a nicely formed 4-hour demand zone is also in play.
Since price is currently in a supply zone, I’ll stick with this bias until the dollar "shows its hand." However, if the dollar slows down and begins to accumulate on Monday, we might see some promising opportunities this week.
Given that this is a counter-trend trade, I’ll be cautious, aiming for high risk-reward ratios while keeping an eye on the nearest demand zone for entries.
Happy trading, guys!
DXY Analysis - Is there light at the end of the tunnel?DXY tested support around 100.5 and is currently around 100.8, well below 4HR 50MA. Reclaiming 4HR 50MA, a reversal pattern in the support zone from 100 or 1W 200MA could signal a reversal and/or recovery. Closing below 1W 200MA could signal further weakness. Jobless Claims at 14:30 and PMI at 15:45.
DXY - somewhere in high time frame demand zone 101.700 - 100.600 is the demand zone on weekly time TF
price has pierce down in the demand zone to its mid's
the last 4 days of downfall was sharp that it has left only one resistance that could be noted on 103.250
what are the sign to start building long >>>
* just on the top of demand zone we have a daily bearish fvg marked (in red) if we have any coming day break that zone with one strong bullish candle will grab the confidence of the bulls
* meanwhile with 100.900 low could be sweeped or tested
* if that one candle breach that bearish fvg we likely see new daily Order block which will like fuel station to built one by one instead of putting full quality at once
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yellow line = prediction line
red zone = bearish fvg
green zone = high time frame demand
orange zone = time time frame supply
more updates will be done on the comment as per the action goes further
SasanSeifi| Mid-Term Bearish Outlook for Dollar Index! (5Day)Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains predominantly bearish.
It is expected that, in the midterm timeframe, the price will move toward the identified demand zone, with a potential decline to the corrective target around $99 to $98.73, especially after breaking the $100.600 to $100 range. Once this area is reached, there is a possibility of a positive price reaction. To better understand the future movement of the Dollar Index, it's crucial to closely monitor how the price reacts to these corrective targets. However, if the downtrend continues and the $98 level is breached, and the price stabilizes below it, the next corrective target could be around $97.50 to $96.
To better understand the future movement of the Dollar Index, it's essential to keep a close watch on how the price reacts to these corrective targets.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
DeGRAM | DXY rebound from dynamic supportDXY is moving in a descending channel between trend lines.
The chart has reached the lower boundary of the channel, dynamic support and is now moving above the support level.
The price has formed a pattern AB=CD.
We expect a rebound after the support level is retested.
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DeGRAM | DXY retest of supportDXY is moving under the descending channel and trend lines.
The price has already approached the support level for the third time.
We expect a rebound after the support is retested.
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Dollar Futures reveal viability of a very common pattern.I have gone through every trick I know trying to settle on analysis for the dollar. Let's be honest, the past year and a half have been nothing but squirrelly, sideways movement that appears to go nowhere and do nothing. In fact, we are basically sitting at the average price over that time period. SO, how should we read this? Well, this is how I read it...
Over the past 1 year and 7 months, price has arrived at the same price: Sideways movement, like a consolidation, and at the end of a long move up, counting off of the May 2011 low. The move from 2011 appears complete, from a Elliot wave (read: structural) standpoint, and a Fib (read: levels) standpoint. From a strength standpoint, however, the September 2022 peak ended on the daily chart with continuing bullish divergence WITHIN THE WAVE 5. I call it a wave 5 because although its internal strength remained bullish, all peak readings indicated bearish divergence off of the March 2015 wave 3 of 3 top.
This line of analysis leads me to believe that we have, at the very least, the unfinished business of generating more negative, bearish divergence prior to anymore notable downside. Since, as I mentioned, Fib targets have been fully satisfied, meaning higher highs are unlikely, we may be gearing up for a strong move up. A move with outsized strength that fails to reach new highs, thereby creating hidden bearish divergence, since our high was not technically fully bearish.
In simplest terms, this appears to be consolidation at the end of a decade of bullish price action, which is bullish. Most technicals "technically" point us down, and the same goes for fundamentals, but there are irregularities in these metrics that point us up. Pattern, Strength, and Levels analysis give us plenty of room to the upside to finish this bull run, so long as we stay under 114.778, assuming a strong move, OR move up on weakness with only marginal new highs.
Conclusion: BULLISH.
DXY is moving lower**Monthly Chart**
DXY monthly candle closed as bullish. This month's candle (still active) reached the supply zone last week around the 106 level and bounced lower from it.
Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD.
**Weekly Chart**
Last week's candle closed as a bearish engulfing suggesting a reverse trend lower at least to test the demand zone around the 104 level and then moving lower to the 103 level.
**Daily Chart**
This week, DXY is expected to have a corrective wave structure and consolidate before continuing the downward movement. There will be a release of monthly and yearly CPI on Thursday which can provide some strength to USD.
BTC + DXY (Convergence & Divergence + Symmetrical Triangle)Impact on Bitcoin (BTC):
The DXY’s movement often has an inverse relationship with Bitcoin. A rising DXY typically exerts downward pressure on BTC, as a stronger USD reduces the appeal of alternative assets like Bitcoin. Conversely, a weakening DXY can provide a tailwind for BTC, encouraging capital flows into the cryptocurrency.
Historically, the 12 EMA and 50 MA crossovers: have provided reliable signals for entering and exiting trades.
As the DXY approaches the apex of its triangle, traders should watch for a breakout, which could have significant implications for Bitcoin.
What news is needed to push the #DXY down? Let's take a look;Do you remember the pandemic period? The markets seemed to crash first, many of us even said, let's keep our money, neither stock market nor investment, let's see the way ahead first, let's not be exposed.
Today, they had another case that shook the world. I say they did because I think there is nothing unconsciously done.
Does the Monkeypox case look familiar?
Could Bitcoin be pricing it in again right now?
Not yet;
I think today's drop is due to the NYSE withdrawing its offer to trade options on #Bitcoin ETFs. However, they will deepen the situation and it will create a domino effect.
For exchanges that shape the world economy and politics, every movement on the charts is very valuable. Although the crypto exchange is not yet at this level, we are sure that it will be much more valuable in the near future.
This chart I am sharing with you is the #DXY 1W chart ;
It takes big events to make big moves on key charts like this one.
It is highly likely to make a pattern like the one in the chart (no one knows tomorrow and the next move 100%).
We are traders and our job is to make predictions. In order to make accurate predictions, we have to include all the data that concerns us. And those who make the right predictions and take the right risks always win.
8.14 USD Trend AnalysisCPI is lower than expected, gold falls off a cliff, can the US dollar survive the desperate situation?
Today, the US seasonally adjusted CPI annual rate for the end of July was lower than expected. With gold and silver slightly bullish, gold price fell from a high of 2474 to 2050, a drop of 24 US dollars.
Everyone knows that if gold price falls, the US dollar will rise. Gold price currently lacks momentum. The war in the Middle East is still unclear. It may continue to fall. Will there be new entry opportunities for the US dollar?
What do you think of this view? Welcome to comment below