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Dxyindex

DXY moved into a narrow range but looks bullish**Monthly Chart** DXY has been moving into a long-term range between 107 and 100 levels (round numbers) from January 2023. Last month candles closed lower after creating manipulation candles on monthly. This month's candle (currently active) tested the low of the previous two months and pushed higher with the NFP announcement last Friday. This moved DXY back into a narrow range. 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 the DXY closed higher after testing the daily swing low and liquidity pool around 104 level. It closed as a weekly bullish key reversal (low test) candle pattern which indicates a move of the price will be bullish for next week. The next target will be around 106, followed by 107.34 levels. **Daily Chart** You can see the impact of NFP and Employment Change that created a massive bullish candle on Friday after testing the Imbalance price action (IPA) for the entire week near the previous daily low and liquidity pool. This candle is a new IPA that will need to be tested for liquidity again this week. I will be looking for a retracement towards at least 50% of this candle which will provide a second confirmation that the move for DXY will be bullish for the upcoming weeks. This is another indication to look for selling opportunities for other currencies against the USD. Such as EURUSD, AUDUSD, and GBPUSD to go short for this week.
TVC:DXYLong
by PropSignals
DXY: USD index still maintains bullish stanceDXY: The USD index yesterday received both good and bad news. Therefore, we see that the USD largely maintains a state of accumulation and adjustment. On the Daily frame, a fairly positive candlestick is formed around the 105.70 threshold. However, in today's session, DXY is at risk of a deeper correction to around the 105.50 - 106.00 area and maintains its accumulation state today. You can consider buying USD when DXY returns to the 105.5-105.6 area.
TVC:DXYLong
by TheLeader_WOLF
DXY increased in price abnormallySometimes, it’s not worth overcomplicating things. While the (negative) correlation between real yields and gold has deteriorated in recent months, after-inflation interest rates remain one of the biggest factors driving the performance of the yellow metal. With the benchmark US 10yr Treasury yield carving out a potential near-term bottom last week and rising to a two-week high today, gold accordingly topped out last week and has fallen to a two-week low. Now moving forward, the key level for bond and gold traders to watch will be the 4.31-2% level that has served as consistent support/resistance dating back to at least 2022. If yields can rally above that level, it could spur on another leg lower in gold prices. DXY is strong when it releases 1-year bond yields, but this is just a temporary move when things are not going well for US data
TVC:DXYShort
by MrTrongVo
Strong Dollar: Geopolitics , US Economy & Tech Drive Currency UpThe US Dollar Index (DXY) is experiencing a surge, reaching unprecedented highs. This brief explores the key drivers behind this trend, including geopolitical dynamics, contrasting macroeconomic conditions, and the US's dominance in the technology sector. * Geopolitical Uncertainty: Heightened tensions in the Middle East, particularly the potential escalation between Israel and Hezbollah, raise concerns of regional instability. Historically, such events trigger a "flight-to-safety" phenomenon, where investors seek refuge in stable currencies like the US Dollar. Additionally, the potential for increased terrorist activity and political unrest in Europe as a consequence of these tensions could further propel capital flight towards the US, bolstering the Dollar's value. * Favorable US Macroeconomic Fundamentals: The US economy exhibits robust performance compared to Europe, characterized by strong GDP growth, low unemployment rates, and relatively stable inflation. This economic strength is further amplified by the Federal Reserve's stance on maintaining higher interest rates to combat inflation. These factors make US assets more attractive to investors, driving up demand for the Dollar. * US Technological Preeminence: The US is a global leader in technology, housing some of the world's most influential companies like Apple, Nvidia, Microsoft, and Google. This concentration of tech giants fosters significant economic growth and innovation. Moreover, it attracts substantial global investment into the US, further strengthening the Dollar. Conversely, Europe lags in the technology sector, limiting its ability to attract similar investment flows. This technological disparity incentivizes investors to favor US markets, contributing to the Dollar's appreciation. In conclusion, the rising Dollar Index is a result of a confluence of factors. Geopolitical tensions, particularly in the Middle East, are prompting investors to seek safe havens. The robust US economy and its dominance in the technology sector offer further advantages compared to Europe. As these dynamics unfold, the trend of a rising Dollar Index is likely to continue, presenting both challenges and opportunities for investors globally.
INDEX:DXYLong
by signalmastermind
DXY MARKET FORCASTSince the beginning of the week, the DXY has been giving us a correction after last week's impulse move. The market has already broken above the correction area, which was a downtrend in the smaller timeframes. Therefore, I'm expecting the DXY to continue pushing up further, as it has been respecting the setups from my previous analysis. This means the DXY will likely continue rising, and on the other side, we'll be looking for sell opportunities in the gold market and dollar pairs.
TVC:DXYLong
by hesbonndubi0
USD/CAD:USD Faces Pressure Amid Eurozone Political UncertaintyEid Mubarak to all our Muslim brothers and sisters, Permit me to do a detailed commentary of economic event on EUR, CAD, and USD. Eurozone Political Instability Impacting the Euro The Euro remains under significant pressure, primarily due to escalating fears of a financial crisis in France. Political turmoil and economic instability in the Eurozone, particularly in one of its key economies, have shaken investor confidence. This instability has led to a weaker Euro as investors seek safer assets, impacting currency markets globally. Canadian Dollar Strengthens on Positive Economic Data The Canadian Dollar, commonly referred to as the Loonie, saw a notable increase in value on Friday. This upward movement was driven by positive economic data from Canada, which reported a 1.1% rise in factory sales. The stronger-than-expected performance in the manufacturing sector has boosted investor confidence in the Canadian economy, thereby strengthening the Loonie. Federal Reserve's Policy and Its Effects on USD The Federal Reserve's recent policy meeting introduced a slightly hawkish tone, which initially led to a rise in expectations of interest rate cuts. However, following the meeting, these expectations have diminished. The Fed’s stance suggests a cautious approach to monetary policy adjustments, which has implications for the USD's strength. The reduced likelihood of significant rate cuts has provided some support to the US Dollar. USD/CAD Outlook and Market Sentiment Looking at the USD/CAD outlook for Monday, bearish momentum is evident as the US Dollar experiences a decline. This drop is largely attributed to the ongoing political uncertainty in the Eurozone, which has ripple effects across global financial markets. Despite the Fed’s hawkish hints, the prevailing sentiment reflects a cautious approach among investors, influenced by geopolitical and economic concerns. In summary, while the US Dollar initially climbed due to Eurozone instability, the overall outlook for USD/CAD appears bearish. The interplay between Eurozone political issues, positive Canadian economic data, and the Federal Reserve’s policy stance will continue to shape market dynamics in the near term. Cheers and happy trading!
Short
by Samuel124
DXY MARKET FORCAST ON MONDAYOn the 1-hour time frame, the DXY is ranging between 105.505 and 105.774. If the market breaks below 105.505, we anticipate buying opportunities in the gold market. Conversely, if it breaks above 105.774, we expect selling opportunities in the gold market. This is my current perspective on the DXY. From these key levels, the market has been respecting. Last week, the DXY formed an inverse head and shoulders pattern, followed by an impulsive move. Currently, it might be forming a correction or a bullish flag. We will wait to see which direction it breaks before pursuing opportunities in the gold, GBP/USD, and EUR/USD markets.
TVC:DXY
by hesbonndubi0
DXY Weekly Out look 16 June 24Monthly: Price has been taken the PML & April Low liquidity, Now its momentum is up side towards the M-BSL- 106.200. Monthly Bias: Bullish Weekly: Price has closed upside forming a W-VI from the previous week opening, a W-MSS+ has been formed. So the weekly momentum is bullish in weekly level, but as there is a W-VI in the upcoming week the price could a give a shallow reverse to the VI then the actual move will be formed. In the weekly level the upside target is 106.169. Weekly Bias: Bullish Daily: The price has been coming from the Daily OB from bellow, it already formed a body closer in the weekly Imbalance, & the price has been taken the D-BSL up side, so as the daily level BSL has been taken so in the up coming week the price could give us a shallow pull back towers the D-OB-CE then it will move upwards. Daily Bias: bullish
CAPITALCOM:DXYLong
by Trader_PKR
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.
TVC:DXYLong
by Hassan_fx
DXY The Fake Dance- One of the most important barometers for global currencies and markets in the world. - Most of the time DXY is a well used machine to supress markets (forex, stocks, cryptos, etc..) - When they don't start the printing machine, DXY keeps is strength. - When they start to print DXY starts to dip and markets boom up. - it's really basic and based on "BRRR Machine". - i had a hard time to decrypt this fake peace of resilience. - actually there's none visible divergences on the 1M or 3M Timeframes. - So i decided to push my analysis to 6M Timeframe and noticed few things : - You can notice that from 2008 ( Post crises ), DXY was in a perma bullish trend. - So now check MACD and will notice this fake move on January 2021 ( in graph the red ? ) - MACD was about to cross down, columns smaller and smaller, then a Pump from nowhere lol. - i rarely saw that in my trading life on a 6M Timeframe. - So to understand more this trend, i used ADX (Average Directional Index) - ADX is used to determine when the price is trending strongly. - In many cases, it is the ultimate trend indicator. - So if you look well ADX columns, you will notice that a strong divergence is on the way. - First check the Yellow Doted Line in July 2022 when DXY reached 115ish and look the size of the green columns. - Now check today (red doted Line), and look again the ADX green columns is higher, but DXY diped to 105ish. - So like always, i can be wrong, but i bet on a fast DXY dip soon or later. - it's possible to fake pumps, but it's harder to fake traders. Happy Tr4Ding !
ICEUS:DX1!Short
by thecryer
5
DXY could rise back to 106.50 resistanceThe beginning of May marked the start of a correction for the DXY, with the index dropping from 106.50 to the 104 support zone. However, after finding support around 104 and undergoing a few days of consolidation, the much stronger-than-expected NFP data last Friday led to a reversal for the US Dollar, as evidenced by a significant bullish engulfing pattern on our daily chart. Yesterday, the index also broke above horizontal resistance, and at the time of writing, the price is 105.18. I expect the uptrend to continue, potentially leading to a new test of the recent high at 106.50.
TVC:DXYLong
by Mihai_Iacob
1
DXY and USD Pairs Technical Analysis and Trade Idea In this video, we provide a succinct analysis of the U.S. Dollar Index (DXY) and its potential impact on USD pairs. Following recent bullish momentum, the DXY has become overextended, reaching resistance levels. Currently, we observe a significant retracement toward support. Our main goal is to identify an optimal buy entry point within this critical support zone, assuming price action aligns with our analysis from the video. As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s essential to recognize that this content serves an educational purpose and should not be construed as financial advice." 📈🚀📊
by tradingwithanthony