DXY IndexDXY - U.S Dollar Index
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure
RSI - Divergence
Rising Wedge as an Corrective Pattern in Short Time Frame
Demand Zone
Dxybuy
EUR/USD Trade Setup – 1 Hour TimeframeMessy Price Action 🤕🤧
On the 1-hour timeframe, EUR/USD has formed a supply zone around the 1.11600 price area, and the price is currently pulling back to that level. Meanwhile, the DXY (US Dollar Index) is tapping into a demand level on the daily timeframe.
I’ve also noticed the price slowing down at a minor resistance level, but I’ll wait for a pullback to the supply zone for a more effective entry. Minor support and resistance levels are generally less reliable.
Note: There are two types of Support and Resistance Levels
1. Major Support and Resistance Levels:
These levels have the strength to stop and reverse a trending market altogether.
They are key turning points in the market.
2. Minor Support and Resistance Levels:
These levels only temporarily delay rising or falling prices within a larger trend.
They provide short-term pauses but are generally less impactful..
DXY "Dollar Index" Bank Money Heist Plan on Bullish SideHola ola My Dear,
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(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.
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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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 resistance and demand level ( read caption)
"DXY is currently at 103.000, indicating a resistance zone between 103.000 and 102.800. Historically, market reactions tend to drive prices towards the upside demand zones at 103.700 and 103.900. Consider setting a stop loss at 102.000."
DXY H1 / BULLISH MARKET STRUCTURE SIGNAL => 📈✅ Hello Traders!
This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will execute this trade.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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DXY continued to rise significantly and gold prices started to fThe DXY index, also known as the USD index, is a measure of the strength of the U.S. dollar relative to six of the United States' major trading partners, including the euro (EUR), yen, and Japanese yen (JPY). ), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), Swiss Franc (CHF).
The USD Index is calculated from the exchange rates of 6 other currencies (together with the parts that make up the USD Index): EUR 57.6%, JPY 13.6%, GBP 11.9%, CAD 9.1%, SEK 4.2%, CHF 3.6%. Therefore, fluctuations in this index depend not only on the US domestic economy, but also on its correlation with major economies around the world.
To understand this better, let's look back a little at history. When the US Federal Reserve began raising interest rates in 1994, the dollar appreciated until 2000 as tech stocks rose. However, the bursting of the dot-com bubble and the September 11, 2001 terrorist attacks ended DXY's bullish momentum and caused the US dollar to plummet. DXY fell to historic lows during the 2008 financial crisis.
The DXY index started rising again from his 2011 year. This is mainly due to two factors. First, in 2011, most economies in southern Europe were in a difficult situation due to over-indebtedness, which led to a weak euro and a strong US dollar. Second, the Fed first talked about tapering its bond purchases in 2013 and began raising interest rates in 2015. In 2016, with the election of Donald Trump as US president, the dollar hit a 13-year high amid confidence that the Federal Reserve would increase spending on roads, bridges and industry, as well as raise interest rates. , investors are optimistic about future growth rates. of the US economy.
DXY:Oil prices recovered after a volatile end to OctoberOil prices rose slightly in Asian trade on Wednesday, the first in five months, as traders priced in lower risk premiums from the Israel-Hamas war and focus now shifted to the Federal Reserve's interest rate decisions. I have recovered from the worst month of .
The market also had mixed data on U.S. oil inventories, showing that while overall inventories increased, gasoline and distillate inventories declined significantly.
Oil prices have fallen sharply in recent trading amid growing expectations that Israel and Hamas will not have a significant impact on Middle East oil flows, especially with no Arab powers in sight. Others are also involved in the conflict.
However, the World Bank has warned that the conflict could continue to affect oil supplies and cause prices to rise. However, the organization also predicts that oil prices will remain depressed until 2024 on the back of slowing global economic growth. Concerns over weak demand in China also weighed on oil markets, following disappointing factory activity data released on Tuesday by the world's biggest oil importer. The figures came after a dire business report in the euro zone, raising concerns about a slowdown in global economic growth.
Latest news: Gold price has surpassed the $2,000 mark, as demandGold prices rose above $2,000 amid rising geopolitical tensions in the Middle East and demand for safe-haven assets ahead of the Federal Open Market Committee (FOMC) meeting. However, the 10-year bond yield has reached 5.02%, the highest level since 2007, and remains high.
The increase in the US government's debt service rate strengthens the strength of the US dollar, leading to increases in the price of both the US dollar and gold. But gold, which doesn't pay interest, is often under selling pressure when the U.S. dollar and government bond yields rise.
Despite these factors and the fact that U.S. real yields have reached a 15-year high of over 2.60%, gold prices remain resilient.
DOLLAR INDEX DXY The dollar index extended gains to above 107, its most substantial level since November, and tracking Treasury yields higher, as hawkish comments from Fed officials continue to strengthen the expectation that interest rates will remain elevated for an extended period. Meanwhile, economic data continues to signal a resilient economy, with the ISM Manufacturing PMI indicating the most minor contraction in factory activity in nearly a year for September. Several labor market indicators, including the upcoming payroll report and further comments from Fed officials, will be closely watched in the coming days. The dollar strengthened against all major currencies, with the most pronounced buying activity against the Aussie, after the Reserve Bank of Australia held interest rates steady. The greenback also appreciated against the Japanese yen and the British pound.
The United States Dollar Index or DXY measures the performance of the dollar against a basket of other currencies including EUR, JPY, GBP, CAD, CHF, and SEK. The EUR is, by far, the largest component of the index, making up 57.6% of the basket followed by JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), and CHF (3.6%).
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DXY - Dollar Index is Green#DXY Positive divergence in the 6-day time frame, everything indicates an increase.
7 Dimension analysis for DXY 7 Dimension analysis
🟢 Analysis time frame: Daily
1: Price Structure:
The market is currently exhibiting a bearish price structure with a corrective move. An inducement has already taken place, and the first order block (OB) is formed along with a gap and window area. There is also a supply area at the window.
2: Pattern:
Various chart patterns are observed:
Trend lines acting as perfect resistance.
A rising wedge pattern with a downside breakout move already completed, leading to the start of a correction.
A flag pattern formation.
A double bottom breakout with heavy volume.
A CIP (Change in polarity) expected at the gap.
Candle patterns are as follows:
Doji candle at the bottom, indicating a potential reversal.
A record low session count of just 4 bullish candles, further supporting the reversal expectation.
3: Volume:
Good volume is observed at the bottom, supporting the potential for a reversal.
4: Momentum UNCONVENTIONAL Rsi:
The Unconventional RSI is currently in the bearish zone but showing correction momentum.
5: Volatility measure Bollinger bands:
Volatility recently finished walking on the band, and the move is now resisting at the mid band, indicating a significant resistance area.
6: Strength ADX:
Bears are currently in strength according to the ADX indicator.
7: Sentiment ROC:
The market is in a corrective phase, and the USD is strong during this correction.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Entry Move: Impulsive
✔ Support Resistance Base: Swing Order Block (OB) support
➕ FIB: Waiting for confirmation
Trend Line: Waiting for a breakout when the price touches the support level.
☑️ Final comments: Consider buying at the dip.
💡 Decision: Wait until price takes liquidity from the bottom.
🚀 Entry: 100.57
✋ Stop Loss: 100.425
🎯 Take Profit: 101.270
😊 Risk to Reward Ratio: 1:5
🕛 Expected Duration: 2 days.
DXY Monthly Analysis after the price retramcemt to fill FVG ''Fare Value Gap'' which is in the levels of the golden zone of Fibonacci OTE ''Optimal Trade Enrty '' we will see a reversal of the price towards the supply zone
Dollar ready to longDXY create hidden bullish divergence on the daily time frame; a long move is anticipated!
Target Profit 106.1xx
EURUSD short signal- My draw on price is the PWL
- I believe EU has priced in HOTW yesterday
- For context GU has taken yesterday's high so EU should protect it
- My entry is at the London highs
DXY Ready to pullback!Doller creates double bottom in the trend support line; a nice pullback is anticipated!
DXY Trading Plan - 30/mar/2023Hello Traders,
Hope you all are doing good!!
I expect DXY to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
DXY brief gain and long position 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support and even made new ascending channel that we mentioned in our next analysis too ✔️
if
the price doesn't break the support zone to the downside, we can see more gain 💣🚀
otherwise
we can see more correction ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
The dollar will continue to rise, can be bought on dipsYesterday, the US Department of Commerce released data showing a sharp drop in the month-on-month rate of durable goods orders in January, indicating weakness in the US economy and raising concerns in the market about the US dollar. As a result, the US dollar index fell yesterday and returned to its original trajectory from last Thursday.
As the price returns to its original trajectory, there is a high probability that the previous slow but steady upward trend will continue, as this is the inherent demand of the index.
In terms of trading strategy, as long as there are no significant news affecting the market today, there is a high probability that the US dollar index will continue to rise, so opportunities can be found for buying on dips. Today's overall trend is relatively simple, just follow the trend.
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TVC:DXY CURRENCYCOM:US30 CURRENCYCOM:US100 OANDA:US30USD
DXY LONG PLAY 13-02-23 (Daily)I have been bullish on DXY for a few weeks now, I'm targetting consequent encouragement on the large upside wick on the weekly chart. The previous target was filled perfectly.
Plan A or Plan B on this index?Hello, my dear friends and fellow traders.
What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up.
So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up.
However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system.
Till then wishing you a good luck on this strategy. See you in my next post.
It is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
CAPITALCOM:DXY
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
The dollar may enter a correctionAfter the severe selling wave that the dollar was exposed to in the middle of last week due to inflation data that came less than its predecessors, we may witness a correction of the dollar and its related currencies that may bring it back to levels of 108.
The dollar may reach the levels of 105, which is a very strong support, and it is likely that the price may bounce from this support, since the selling wave was severe and from high levels, so most likely the dollar may bounce from this support to levels of 108.
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3: Secure your positions after entering the profit
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