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Is the DXY dollar index ready for a correction ? H4 08.11.2024💸 Is the DXY dollar index ready for a correction ⁉️ Looking back to 2016 when Trump first became US President, the dollar index initially reacted with a sharp rise and then a prolonged fall. I wonder if history will repeat itself again or if the market will take his second presidency more calmly in the distance. DXY formed a sellers' zone at 104.80-105.16, but the far resistance zone at 106 remains intact. It's not a sure thing that it will get there, but I keep the option in my head just in case. The priority for me is to fall from the nearest sellers' zone with the targets of 103.30 and lower to 102.30. I will specify in the process. TVC:DXY
TVC:DXYShort
by KovachTrader
Bullish bounce?US Dollar Index (DXY) is reacting on the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 104.41 1st Support: 103.87 1st Resistance: 105.26 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
#DXY 1DAYDXY Daily Analysis The DXY (US Dollar Index) is currently testing a key trendline support on the daily chart and has recently formed a bullish engulfing pattern near this support level. This combination of trendline support and a bullish engulfing area suggests a potential upward reversal, creating a favorable buy setup. Technical Outlook: - Pattern: Trendline Support with Bullish Engulfing - Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy near the trendline support and bullish engulfing area Traders may consider entering a buy position near this support area, targeting higher resistance levels. Additional confirmation from indicators like RSI indicating oversold conditions or MACD showing a bullish crossover can strengthen the signal and support the bullish outlook for the DXY.
TVC:DXYLong
by PIPSFIGHTER
USOIL 71.07 +2.57% SHORT IDEA MULTI-TF ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at USOIL from HTF - MULTI TIME-FRAME ANALYSIS USOIL DAILY TF * Last week saw a bearish close with the weekly FVG holding & beautifully rejecting, looking for a retest of this PD ARRAY before continuation down. * The sentiment is still strongly bearish for OIL from HIGHER TF perspective. * The weekly & daily TF show we are still trading in a range on a bearish trend towards that ERL. * The picture is clearer with strong bearish moves from the daily, looking for some retracement. * some volume imbalance left behind on lower TF might confirm this move. * possibly to be filled before we take that ERL. USOIL 4H As we head lower we see some bearish potential for some retracement. * With the week to opening Bearish (PO3) could see bearish move into the VI. * sentiment the same on the hourly tf. * This rally with the bulls & strong momentum to the down side could see some reversal. looking for some signs of this on todays price action. * LETS SEE HOW THE MARKET DISHES 🤷‍♂️😉🐻🐮 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:USOILShort
by PULEMokhothu
4
DXY Under Pressure: Analyzing Economic Signals Ahead U.S. Elect.The U.S. Dollar Index (DXY) is currently showing intriguing movements as it deals with a mix of economic data and looming political changes. After a Friday marked by disappointing economic indicators—such as the ISM Manufacturing PMI and the Non-Farm Employment Change—the DXY appears to be entering a potential reversal phase. This was further reflected in its negative opening on Monday, which had a noticeable impact on trading in London. Economic Backdrop and Market Sentiment The DXY's recent performance has been influenced by a combination of economic releases and trader sentiment. The mixed results from significant economic indicators have created a sense of cautious uncertainty among investors. The less-than-ideal ISM Manufacturing PMI and Non-Farm Employment Change figures have raised concerns about the strength of the U.S. economy, prompting traders to reassess their positions. As market participants analyze these economic signals, it’s evident that the DXY is acting in response to established price levels and supply zones. Recent price actions suggest a critical juncture; the dollar seems to be encountering resistance as it approaches these key areas. Insights from the COT Report A deeper look at the market dynamics through the latest Commitment of Traders (COT) report reveals a noteworthy divergence. Retail traders continue to maintain long positions, likely influenced by previous bullish sentiment surrounding the dollar. Meanwhile, institutional investors, often referred to as the "smart money," are taking a more bearish stance, gradually shifting their positions lower. This unsettling divergence raises important questions: Will the enthusiasm of retail traders sway the market, or will the more cautious strategies of institutional investors prevail? This situation highlights the potential for volatility that characterizes these transitional phases in the market. Retail traders may find themselves at risk if the smart money's strategies prove to be more prescient. Seasonal Trends Indicate a Bearish Outlook Adding another layer of complexity, seasonal patterns historically suggest that a bearish trend may be on the horizon during this time of year. Price movements often align with established seasonal patterns, prompting traders to consider the implications for future market performance. The Impending U.S. Elections: A Prelude to Volatility With U.S. elections fast approaching, market volatility is expected to rise significantly. History shows that political events can greatly influence currency and asset prices, leading traders to adjust their positions in anticipation of results. This environment is likely to see retracements across various indices and currencies, creating turmoil across the financial landscape. As market participants prepare for the immediate aftermath of the elections, substantial fluctuations are anticipated. The uncertainty surrounding the potential outcomes and the resulting policy shifts will drive considerable movement across asset classes. Conclusion The DXY’s trajectory is complex as it navigates a potential reversal amidst mixed economic signals, diverging trader positions, and impending political changes. With the elections on the horizon, traders should brace for increased volatility and be ready to adapt to rapid shifts in momentum. Staying informed about economic indicators, seasonal trends, and overall market sentiment will be crucial for navigating this challenging landscape. Ultimately, success in these uncertain times will hinge on understanding market psychology while remaining agile in response to both data releases and geopolitical developments. Initial Idea: ✅ Please share your thoughts about DXY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
TVC:DXYShort
by FOREXN1
1
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FX:USDOLLARLong
by Thief_Trader
US Dollar Trends:Navigating the Supply Area and Market SentimentAs the trading week began on Monday, the US Dollar (DXY) found itself testing a significant supply area, leading to a period of consolidation within a tight range. This move comes on the heels of disappointing Durable Goods orders data, which has sparked bearish sentiment among traders, prompting a downward shift in the Greenback's value. The Impact of Economic Data The recent Durable Goods orders report fell short of expectations, raising concerns about the resilience of the US economy. Such data often serves as a barometer for economic health, influencing traders' decisions and market dynamics. With this disappointing figure, traders have been quick to react, driving the dollar lower as they reassess their positions. Analyzing Market Sentiment The latest Commitment of Traders (COT) report reveals a telling shift in market sentiment. Retail traders appear to be holding long positions on the dollar, while institutional investors—often referred to as "smart money"—are beginning to accumulate bearish positions. This divergence in sentiment raises an essential question: is there an impending reversal in the dollar's trend? Timing the Market Timing becomes crucial in a market characterized by conflicting signals. While the COT report indicates a potential shift, it’s essential to identify the right entry points. Many analysts believe the DXY could experience another bullish impulse before any significant decline materializes. This potential upward movement may serve to "trap" sellers who have positioned themselves in anticipation of a downturn. Seasonal Patterns and Technical Analysis Adding to the complexity of this scenario is the emergence of a seasonal bearish pattern indicated by forecasters. Seasonal trends often play a critical role in currency movements, and traders must remain vigilant to these patterns when planning their strategies. In conjunction with this seasonal insight, technical analysis reveals a rectangle pattern on the chart, which suggests a defined range of support and resistance levels. Traders are advised to look for entry opportunities within this range, where the likelihood of a price breakout is heightened. Conclusion In conclusion, as the US Dollar navigates this crucial supply area amidst mixed signals from market participants, traders must approach their strategies with caution. Monitoring economic indicators, understanding market sentiment shifts, and analyzing technical patterns will be pivotal in making informed trading decisions. The current environment presents both challenges and opportunities, and identifying the right entry point could be the key to capitalizing on potential market movements. As we move forward, it will be interesting to see how these dynamics play out. What are your thoughts on the current market conditions, and where do you see the DXY heading next?
TVC:DXY
by FOREXN1
1
Next Stage of Bull MarketUSDT.D is testing the 20 W SMA which has been a key level for Bull Markets. The zone and MA has acted as Support 4 times previously in 2024 which have correlated with BTC Local Tops A close under that SMA is indicating that we are entering the next stage of the Bull Market. I prefer a few Daily Closes under, Weekly Close under is Gold Dust and tells me the Next Stage has begun. Read this to understand the Context of that SMA: Main reason I'm more Bullish this time compared to that precious Idea is because of DXY. Confluence: BTC has shown Strength since Oct 10th despite the continued Upward Trend in DXY that started on Sept 30th. 1 Day RSI on DXY is close to 70(Currently 69) which is a general sign that it is close to Topping. DXY is also testing the 200 EMA since it broken down below in July. My expectation is that the 200 EMA acts as Resistance for DXY and it rejects to continue its downtrend. This would be Bullish for Risk Assets like BTC/Crypto and would correlated with USDT.D breaking below the 20 SMA.
CRYPTOCAP:USDT.DLong
by HopiumDealer7
How does the dollar's strength endure amidst domestic turmoil? A Resilient Currency Despite a tumultuous political climate and growing social divisions, the U.S. dollar has shown remarkable strength, particularly in recent months. As measured by Bloomberg's Dollar Spot Index, the greenback has surged approximately 3.1% in October alone. This resilience is surprising, given the erosion of trust in American institutions and the increasing polarization of the country. Why is the Dollar So Strong? Several factors contribute to the dollar's enduring strength: 1. Safe-Haven Status: The U.S. dollar has long been considered a safe-haven asset. In times of economic uncertainty or geopolitical turmoil, investors often flock to the dollar as a reliable store of value. The current global landscape, marked by geopolitical tensions and economic volatility, has solidified the dollar's status as a safe haven. 2. Interest Rate Differentials: The Federal Reserve's monetary policy plays a crucial role in influencing the dollar's value. By raising interest rates, the Fed makes it more attractive for investors to hold dollar-denominated assets. As a result, the demand for the dollar increases, leading to appreciation. 3. Global Economic Disparity: The U.S. economy, while facing its own challenges, remains relatively strong compared to many other major economies. This economic disparity can lead to capital inflows into the U.S., further boosting the dollar's value. 4. Global Currency Reserve: The U.S. dollar is widely used as a global reserve currency. Central banks around the world hold significant amounts of U.S. dollars, which helps to maintain demand for the currency. The Disconnect Between Currency and Country The dollar's strength can be seen as a paradox, given the growing political polarization and social unrest in the U.S. However, it is important to distinguish between the country's political and social climate and its economic fundamentals. While the former may impact investor sentiment in the long run, the latter has a more immediate impact on the currency. As long as the U.S. economy remains relatively stable and the Federal Reserve continues to pursue sound monetary policies, the dollar is likely to maintain its strength. However, it is essential to monitor geopolitical risks, global economic conditions, and domestic political developments that could potentially impact the dollar's value. A Word of Caution While the dollar's current strength is impressive, it is important to remember that market conditions can change rapidly. A sudden shift in investor sentiment, a change in Federal Reserve policy, or a significant geopolitical event could lead to a decline in the dollar's value. It is crucial for investors to stay informed about global economic and political developments and to diversify their portfolios to mitigate risk. By understanding the factors that influence the dollar's value and making informed investment decisions, individuals can navigate the complex and ever-changing global financial landscape.
TVC:DXY
by bryandowningqln
A Bullish Turn: Investors Embrace the DollarA Shift in Sentiment In a surprising turn of events, hedge funds, asset managers, and other speculators have shifted their stance on the US dollar, moving into bullish positions in the week ending October 22nd. This significant shift, totaling approximately $9.2 billion in long dollar bets, according to data from the Commodity Futures Trading Commission (CFTC) compiled by Bloomberg, marks a dramatic departure from the previous week's net short position. A $10.6 Billion Swing This abrupt change in sentiment represents a substantial $10.6 billion swing from the previous week, when traders were actively betting against the greenback. The reasons behind this bullish pivot are multifaceted, primarily driven by a confluence of factors, including stronger-than-expected US economic data and heightened demand for safe-haven assets as the US election approaches. A Recalibration of Fed Expectations A series of positive economic reports released throughout October has forced a recalibration of previously dovish Federal Reserve expectations. The robust economic indicators have raised the possibility of a more hawkish monetary policy stance from the Fed, which could potentially lead to higher interest rates. Historically, a stronger US dollar has been correlated with higher interest rates, making the greenback an attractive investment for global investors. Election-Year Uncertainty As the US presidential election draws near, geopolitical uncertainty and market volatility tend to increase. In such times, investors often seek refuge in safe-haven assets like the US dollar. The dollar's perceived status as a reliable store of value, combined with the potential for increased market volatility, has likely contributed to the recent surge in demand for the currency. Implications for the Global Economy The shift towards a bullish dollar position has significant implications for the global economy. A stronger dollar can negatively impact emerging market economies that rely heavily on dollar-denominated debt. Additionally, it can make US exports more expensive, potentially hindering economic growth. However, for countries with strong economic fundamentals and current account surpluses, a stronger dollar can be beneficial. A Cautious Outlook While the recent bullish trend in the dollar is notable, it is essential to maintain a cautious outlook. The global economic landscape remains uncertain, and a variety of factors, including geopolitical events, trade tensions, and central bank policies, could influence the dollar's trajectory. As such, it is crucial for investors to carefully consider the risks and rewards associated with dollar-based investments. In conclusion, the recent shift towards a bullish dollar position reflects a significant change in market sentiment. A combination of stronger-than-expected US economic data and heightened demand for safe-haven assets has driven investors to embrace the greenback. While the implications of this trend for the global economy are far-reaching, it is essential to remain vigilant and adapt to evolving market conditions.
TVC:DXYLong
by bryandowningqln
DXY D1 - Short Signal DXY D1 Some large market gaps seen across US30 and US100, XAUUSD also gapping to the downside, trading as low as $2725/oz. DXY still remains below our area of resistance and supply, which trades at around 104.500 price. 105.000 would usually be a good technical psychological trading zone, that being said, there isn't much else on that price that would act as any real method of confluence for the moment. Lets see what happens around this 104.500 price level, we have had a couple of days trading into that zone and a red engulfing candle close on that daily timeframe back on Thursday last week. Could we expect some dumps on DXY this week?
TVC:DXYShort
by Trade_Simple_FX