(DXY) Dollar - Break out pending from its consolidationThe DXY is currently in a consolidation phase, and I expect it to break out soon. Regardless of the direction, we have marked points of interest (POIs) that will help us capitalize on trading opportunities.
- Scenario 1: Price Breaks Upwards
If the price breaks above the consolidation, I anticipate it will fill the imbalance and tap into the supply zones marked on the 30-minute and 8-hour charts.
- Scenario 2: Price Breaks Downwards
If the price moves down, I expect it to mitigate the 16-hour demand zone. This zone appears to be a strong buy setup, likely pushing the dollar back up. There’s also an imbalance above this demand zone that needs to be filled.
Overall, I am favoring an upward move, as this aligns with my bearish outlook on GOLD, EUR/USD, and GBP/USD.
Dxybullish
Mastering HTF Analysis: DXY & EURUSD Weekly to Monthly Forecast!Greetings, traders, and welcome back to today's video!
In this session, we'll be conducting a higher timeframe outlook on the DXY and EURUSD. Our goal is to understand what we can anticipate in this week's and this month's trading sessions.
This video will also provide insight into how I approach my trading, focusing on different logs for various aspects of my analysis:
Higher Timeframe Analysis : Monthly, weekly, and daily analysis conducted at the beginning of each week. (Primary Focus In Todays Video)
Interest Rate Logs: Tracking changes and impacts of interest rates.
Intraday Trading Layouts: Used daily to keep my charts organized and clutter-free.
Analyzing these layouts separately at different times helps me stay organized and maintain a clear perspective.
Let's discuss the market structure. Markets are driven by smart money, also known as the banks. They are the liquidity providers, while we are the spectators. Central banks own the currencies and set their trading values. Understanding that markets are liquidity-based—it's us against the banks—we see that banks move prices toward liquidity to pair and book against it.
So, where does the most liquidity reside? The higher timeframes. The higher the timeframe, the larger the sponsorship. That's why we'll be analyzing the higher timeframes today to gain a strategic edge.
Let's dive into the charts and uncover these crucial insights together.
Premium & Discount Price Delivery in Institutional Trading:
If you have any questions, please leave them in the comments section below.
Happy Trading,
The_Architect
DXY Bullish rallies from 105.200 or 104.400The bias for the dollar is to continue its bullish trend. We have seen a change of character on the higher time frame followed by a break of structure, confirming the upward movement. There are also equal highs above the current price that need to be swept.
Due to recent bullish momentum driven by news, the price may be exhausted. At the start of the week, we might see a drop in price as it mitigates a demand zone. Once the price taps into one of these marked demand zones, I expect a bullish reaction.
P.S. Once the price moves up, it may react to the 8-hour supply zone, causing a temporary sell-off. However, I won’t be surprised if this zone gets violated due to the liquidity pool sitting above it.
May 12, DXY & GBPUSD: Trading Insights for the Week Ahead!Greetings Traders!
In this comprehensive video, I will provide in-depth analysis of the DXY and GBPUSD pairs, offering valuable insights for the upcoming week in trading. Both of these currency pairs have reached critical junctures, necessitating a thorough understanding of potential price movements and the need to adjust trading strategies accordingly.
Currently, we have observed retracements to significant points of interest in both pairs, prompting the question: what can we anticipate in terms of trading opportunities for the week ahead?
May 10, Analysis (Explaining H1 Draws & Confirmations, Entry):
April 29, Long-term Video Analysis (DXY & GBPUSD):
March 15, SMT Divergence (Educational Lecture Explaining how to use it):
Stay tuned for ongoing updates and analysis throughout the week to stay informed and make informed trading decisions.
Kind Regards,
The_Architect
May 06, Navigating DXY and GBPUSD: Insights for the Week Ahead!Greetings Traders!
In this comprehensive video, I'll delve into the DXY and GBPUSD, offering valuable insights for the week ahead in trading. It's essential to adapt your strategies to the market conditions. Presently, we've witnessed a retracement to a significant point of interest, hinting at potential bearish momentum to follow.
Stay tuned for the latest updates throughout the week.
Kind Regards,
The_Architect
The Dollar(DXY): Charting the Path to Bullish MomentumGreetings Traders,
I'm observing a sustained bullish institutional order flow in the Dollar, targeting the weekly and monthly buy stops as my buy-side objectives. Currently, we're operating within discount prices, having rebalanced the daily discount Fair Value Gap (FVG) and tapped into the mitigation block, a zone of institutional support. Additionally, price has respected the rejection block and provided a market structure shift, signaling a potential continuation to the upside.
Watch the DXY & GBPUSD Weekly Outlook Video:
Feel free to leave any questions you may have.
Best Regards,
The_Architect
DXY (DOLLAR INDEX) Shorts from 107.000My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar.
I expect the dollar to drop at least to the newly established 12-hour demand zone, where I foresee a bullish continuation. This supports the broader bullish trajectory of the dollar, aiming towards tapping into a 2-month supply zone where a major bearish reaction is expected.
Therefore, if I anticipate the dollar to initially rise and then drop, I also expect EURUSD and GBPUSD to continue their downward trends accordingly.
Note that this is my current bias, and I will adjust it based on evolving market trends. It's essential to consider various zones and scenarios for a comprehensive analysis."
This version maintains your original message while improving clarity and readability. Feel free to adjust it further based on your preferences!
DXY is overbought, maybe a little corrections?(4/12/2024)In our last analysis, the DXY TVC:DXY moved as we had anticipated. Right now the bullish scenario is dominant, but DXY is overbought and hit a resistance.
So there is a chance that price make some retracement.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
DXY (Dollar Index) Longs from 102.200 back upThe dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response.
With the breakout from consolidation, I anticipate clearer price action. I will be monitoring for price to reach a 10hr demand zone that has previously resulted in a BOS on the higher timeframe. Upon reaching this point of interest (POI), I will then be on the lookout for an accumulation to unfold.
Confluences for Dollar buys are as follows.
- Market trend is overall bullish on the higher timeframe
- Price has broken structure to the upside on the HTF.
- Price is currently reacting off a supply to trigger the pullback towards our demand
- Theres lots of liquidity and imbalances that need to get taken above as well.
- 10hr demand zone lies within the 0.78 fib range and it caused the BOS to happen
P.S. While I don't engage in direct trading of the dollar, I utilise it for confluence, especially since this pair significantly impacts the others I monitor. There's a possibility of a short-lived bullish trend if the 2-day supply zone doesn't hold. However, given the initial reaction, a downward movement seems likely.
HAVE A GREAT TRADING WEEK AHEAD, LET'S CATCH THESE PIPS!
DXY Daily Chart Analysis - Will DXY Return to the Bull Channel?DXY finally broke out of the bull channel it has been in since July of this year. A strong bull response off of the 30EMA brought the price back to the bull channel. We are now waiting to see if the price can re-enter the channel, or if it fails and confirms a breakout to the downside.
Key Points:
1. Bear breakout of the Bull Channel, waiting for confirmation
2. Strong bull response on 30EMA below the channel
3. Price is currently testing the channel
4. RSI is near 50 and is not supportive of either direction
5. Before trading DXY, wait to see if the price confirms or denies a breakout
Since we are in a bull trend, the probability of a confirmed breakout to the downside is less than the trend continuing to the upside. I think it is best to wait for a Daily close within the bull channel before entering a long or a bear candle closing near its low below the 30EMA before shorting. The bias ought to remain bull until we have confirmation of a break to the downside.
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
Potential Shark DXY...Dollar is consolidating, going to wait for confirmation of direction on the DXY too before taking any USD based positions, unmitigated supply above and liquidity building below, price will probably tap supply and break to the downside towards the shark D point, but let's see!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Potential Shark Forming 🦈🦈USDCAD - Potential sharks on the HTF, but also a cup/handle forming at current price level along with bullish momentum.
On the LTF I'm looking for breaks in momentum/scalps short but price is still bullish, no real confirmation for reversals yet!
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
DXY Monthly Bullish Divergence- I've noticed that the DXY has a monthly Bullish Divergence formed. The move looks coiled up and ready to happen. If it goes the opposite direction and dumps, it will be the first time in..., well I don't know how long but farther than 1986 anyway.
- I've noted some other past divergences so that you can see how they played out. They do tend to always follow pattern. Be on the lookout for possible DXY upswing.
- I extrapolated the bars pattern from the previous move to see where it could go.
- Remember this is a Monthly chart so it carries a lot of weight.
UJ buy back 106.850 by WED JUL29 then DROP back to 105.8 JUL31huge sell off pressure for UJ last week.
Saw some GREAT strides by the YEN to surpass that 93.7 level on JXY. Jump to 94.6 makes it overbought ATM hence why I like UJ to buy back up to the 106.85 levels
DXY also hit my 94.64 COVID breakout level and is striving to retest such if not 95.20ish.
These are my 2 confirmations as well as an end of the month buy push by DXY to create some trust in market sentiment.
news Thursday (Unemployment) for JPY
news Friday (Consumer Confidence) for JPY
I believe this will be a early week move then a redrop back to 105.8 by JULY 31
Update: DXY have made its BEARISH movement!!! Now what???Before I start, I would like you all to refer to my previous DXY analysis before reading this. As you can see, I was expecting a fall in price back at my old analysis and we can see this movement this few days. Before we start, lets take a look at DXY in a bigger picture. We can see DXY is still following an uptrend and we should keep a bullish bias on this pair. As you can see from my chart, today,s candle is near 2 support line and a daily close above this level will see a bullish potential for DXY heading towards the resistance level once again.
No analysis is perfect. Best to compare your idea with my idea and make a decision by yourself. Always trust yourself :) If you do like my analysis do drop me a like and share your ideas below.