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Dxyidea

DXY (Dollar) Shorts from 101.300 or 102.000My outlook for the dollar remains bearish, but it's currently in a bullish retracement phase triggered by the reaction at my identified 17hr demand (POI) from last week. I anticipate price to continue its upward movement to eventually reach a premium level. In this scenario, I'll be looking for selling opportunities around the 4hr supply zone or the 14hr supply at the top. While the 4hr supply is still a possibility, it's not the optimal choice for sells due to its location within a trend line that I anticipate being taken out. Instead, I foresee a reaction at the 14hr supply, located within the 0.786 Fibonacci range and having caused a break of structure. Therefore, I'll be patiently waiting for some form of distribution to unfold once the bullish pressure is exhausted. Confluences for DXY dollar sells are as follows: - Dollar is temporarily bearish due to the break of structures on the higher timeframe. - Currently price has reacted off a demand so I can expect bullish pressure to get exhausted. - Price is slowing down foreshadowing a potential wyckoff distribution to play out. - Lots of liquidity still left below in the form of equal lows and trend line liquidity. P.S. Although I am currently bearish on the market, my overall sentiment is bullish. The recent reaction off the 17hr demand might spark an upward rally. Additionally, there's a 9hr demand zone where I anticipate another bullish reaction. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
CAPITALCOM:DXYShort
by Hassan_fx
DXY (Dollar index) Shorts down to 102.500While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of 102.500 seems likely. The formation of Wyckoff accumulation signals a possible breakdown to surpass Asian lows. Additionally, considering that the price has left a demand zone at the projected target, we can expect a potential reaction in this zone. This reaction could potentially lead to the creation of new highs and a temporary bullish trend. Confluences for DXY Sells are as follows: - Dollar has tapped into a 17hr supply zone that has caused a BOS to the downside. - Theres liquidity to the downside in the form of Asian low and trendline liquidity. - Recent trend for this market has been temporarily bearish so this is a pro trend trade. - If price wants to continue going higher, there are unmitigated demand zones that price needs to come and fill. P.S Although the price has established a new bearish trend, it's possible that this is a strategic move to eliminate the trendline liquidity lingering from previous bullish rallies. Given the overall bullish sentiment on the higher time frame, it wouldn't be unexpected to witness the dollar initiating a new trend to achieve fresh highs.
CAPITALCOM:DXYShort
by Hassan_fx
1
DXY (Dollar$) Shorts down to 101.500The bias for the dollar this week remains bearish, leading me to anticipate further downward trends. Near the current price, there is a supply zone on the 3-hour chart where we'll wait for price redistribution. Following that, we'll await confirmation on a lower timeframe to execute the sell trade. Additionally, I anticipate a minor reaction from the 13-hour demand zone, presenting potential small buying opportunities. Subsequently, we anticipate the price to continue its descent and then respond to a 3-hour demand at 101.500. This is where I expect the price to retrace upwards, providing a more favourable opportunity for a buy trade. Confluences for DXY Shorts are as follows: - The short term trend currently is bearish (with perpetual BOS's to the downside.) - Trend lines below act as magnets, pulling the price downwards and encouraging a bearish continuation. - To evoke a bullish reaction from the price next, there's a strong demand zone on the 3hr time frame. - A clear 3-hour supply zone sits above the current price, where we can expect a bearish response. - By the candle stick anatomy bearish candles are very strong, holding lots of momentum. P.S. I also observe the potential for the price to rise, targeting a more favourable supply zone like the (7hr) to initiate a robust bearish movement. Despite the strong bearish trend currently, we will primarily seek opportunities aligning with the trend. However, the next viable counter-trend trade would be at the 3-hour demand level around 101.500.
CAPITALCOM:DXYShort
by Hassan_fx
1
DXY → Extra losses look likely below 104.00TVC:DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday. The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
TVC:DXYShort
by tradingconmike
DXY - Fed Chairman: 'Inflation is still too high'Federal Reserve Chairman Jerome Powell said that although inflation has cooled, the Fed remains committed to achieving its 2% target. In a speech in New York on October 19, Chairman Jerome Powell acknowledged that tightening policy had brought inflation back under control, but stressed that the Fed must remain cautious in pursuing its goals. . “Inflation remains too high. A few months of positive statistics are just the beginning of giving us confidence that inflation will return to target. But it remains to be seen how long these positive numbers will last, or how inflation will fare in the coming quarters. I don't know yet whether that will happen." He reiterated that Fed officials are "unanimously committed to bringing inflation down to 2%." The speech raises questions about the Fed's future policy after a series of consecutive interest rate hikes. The Fed has raised interest rates 11 times since March 2022, and the current interest rate is 5.25%. This is the highest level in 22 years. However, Chairman Powell believes that current interest rates are not too high. "Are the guidelines too strict? I don't think so," he said, but acknowledged that "rising interest rates are making things difficult for everyone." The Fed also highlighted recent good progress on its goals. The inflation rate as of September was 3.7%, a significant drop from over 9% in the middle of last year. "The latest figures show progress on both our goals of maximum employment and price stability. The economy remains in very good shape." But the comments came on the same day as reports showed the number of people applying for unemployment benefits last week was the lowest since the start of the year. This indicates that the labor market is tightening, which could put upward pressure on inflation. In recent days, a number of Fed officials have said the Fed may temporarily pause rate hikes. Even the most pro-tightening members expect the Fed to wait for further economic impact from its last rate hike. The market now expects the Fed to halt rate hikes, at least for now. The question is when will they start cutting interest rates? “If the environment remains risky and uncertain, we will be more cautious. The Fed will make decisions based on upcoming data, prospects and risks,” Powell said.
TVC:DXYLong
by TheLeader_WOLF
DXY (dollar)Hello dear traders I think we are nearing the end of the rising wave... Is it time for correction? There are 2 scenarios to start price correction with tecnical and fibou extention and there are many reasons for fundamental : In a recent tweet, Kiyosaki sounded the alarm bells, pointing to a conversation he had during a podcast with journalist Dr. Nomi Prins, who has delivered a simple yet impactful message: "Get money out of banks." Did a pod cast with Dr. Nomi Prins. She is a Fed insider author of Collusion & her latest book Permanent Distortion. Her message is simple, get money out of banks. She reports FDIC has over 725 banks on watch list. Be wise. Be smart. Stay ahead of crashing banks — Robert Kiyosaki (@theRealKiyosaki) September 28, 2023 Kiyosaki's concern stems from the alarming Prins' revelation that the FDIC is monitoring over 725 banks, hinting at potential instability within the banking sector. good luck
TVC:DXYShort
by mehdi_kb
USD is showing positive signals amid tensions in the Middle EastEarlier this week, the safe-haven dollar strengthened against the euro as military clashes between Israel and the Palestinian Islamic militant group Hamas raised concerns that the conflict could spread beyond Gaza. However, the dollar weakened against other major currencies. Yesterday, Israeli Prime Minister Benjamin Netanyahu said Israel's response to the multi-pronged attack by Palestinian armed groups from Gaza would "transform the Middle East." Risk sentiment is fragile as Israel announces it is mobilizing 300,000 reservists and imposing a complete blockade of Gaza amid potential attacks in response to weekend attacks by Hamas. Fed member Bostic told the American Bankers Association that even if the Fed raises interest rates to slow the economy while keeping inflation in check, there is no prospect of a recession. Joseph Trevisani, a senior analyst at FX Street in New York, said Bostic's response comes amid the eruption of conflict in the Gaza Strip. Analysts also said the decline in U.S. yields initially reflected comments from Fed officials that there may not be a need for further rate hikes given the rise in long-term yields, and the port sector becoming a safe-haven asset following a monetary policy clash. He said this was due to comments from traders who were looking for. Hamas and Israel. Traders are currently waiting for key US inflation figures to be released today, October 11th. Investors are also keeping an eye on developments surrounding the conflict between Israel and the Palestinian Islamic group Hamas.
TVC:DXYLong
by TheLeader_WOLF
1