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Dxyindex

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
Unmasking DXY's Bullish Potential with Volume ProfileH ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile. Regards, Ely
CAPITALCOM:DXYLong
by Elysian_Mind
DXY Index at Critical Resistance: Possible Clues for USD Pairs👀👉 The US Dollar Index (DXY) is nearing a key resistance zone, repeatedly tested on both the monthly and weekly timeframes, which often signals a potential market reaction or rejection. While the US dollar has maintained a strong bullish trend, these factors suggest a possible near-term reversal, offering potential opportunities in both correlated and inversely correlated currency pairs. Disclaimer: This is not financial advice. Always do your own research and consult a licensed financial advisor before making any trading decisions. 📊✅
TVC:DXY
by tradingwithanthony
USD Index at 104 Resistance: Strategies for the Next MoveIn early October, I wrote that the multiple attempts to break below the support level given by the beginning of the year price were likely false breaks. I suggested that the DXY (U.S. Dollar Index) was primed for a reversal to the upside, which could potentially push the price toward the 104 resistance level. As anticipated, the USD Index reversed and touched this key resistance. Looking ahead, a correction from this point seems probable, with the 102.50 zone being a possible target in the coming days. My strategy is to look for buying opportunities in EUR/USD and AUD/USD.
TVC:DXYShort
by Mihai_Iacob
Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level. Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully. From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move. Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.
Editors' picks
TVC:DXYLong
by Mihai_Iacob
15
"US30 Powers Ahead, Unstoppable in Its Bullish Climb""US30 Accelerates in a Well-Defined Bullish Movement: Breaking Barriers and Eyeing New Heights Following an impressive breakout from the consolidative triangle pattern near the 42,300 mark, the US30 has embarked on a robust and sustained bullish journey, capturing the attention of market participants. This pivotal breakout served as the ignition point for a powerful upward momentum that continues to strengthen with each passing day, reflecting a broader confidence in economic resilience and corporate earnings. One of the critical areas that traders and analysts had their eyes on was the strong resistance zone around 42,600. This level was not just any ordinary resistance—it was a psychological barrier, aligning closely with the all-time high price for the index. The significance of this level cannot be overstated; it represents a critical test of market sentiment and resilience. As expected, US30 encountered some friction as it approached this level, with price action initially stalling, indicating the presence of considerable selling pressure. However, once the index successfully breached the 42,600 threshold, the bullish narrative took on an even more compelling dimension. The breakthrough above this resistance zone signaled a shift in market dynamics, with bulls gaining greater control and propelling the index higher. What’s particularly notable about this rally is the methodical nature of the price movement—US30 has been climbing steadily, with no sharp corrections or erratic volatility, indicating strong market support and a solid base for further gains. As the price ascends beyond the 42,600 region, all eyes are now on the next key level: 43,180. A decisive move above this level could act as the next catalyst for an even steeper bullish ascent, potentially opening the door for the index to explore uncharted territory and set fresh record highs. Traders are closely monitoring this zone, as a breakout above 43,180 would likely signal another round of intensified buying pressure and solidify US30's position in a long-term uptrend. In summary, US30 is exhibiting a textbook bullish movement, characterized by its breakout from a major technical pattern, the overcoming of a key resistance level, and a slow yet consistent rise in price. With the market sentiment favoring continued gains, any sustained move above 43,180 could lead to even greater bullish potential, pushing the index into new heights previously thought unattainable. As market participants remain on high alert for further developments, it’s clear that US30's current momentum shows no signs of slowing down anytime soon."
CAPITALCOM:US30Long
by lonelyPlayer0
Dollar index LongYesterday everything was unexpected to some extent we will expecting gold to be bearish to its new previous all time high but the asain session rocked and Gold has gained new highs Now taking turn towards Dollar index we are expecting a Bullish move in DXY to its global resistance price can Retest its previous Resistance became Support confluence is geopolitics and 50SMA and Resistance under american elections are also the big reason so we are bullish over dollar index and other co-relations will be bearish
TVC:DXYLong
by Wakeel_Saab
DXY - Dollar Index 4H bearish setupThe TVC:DXY is showing potential for a bearish reversal after its recent rise. Technically, DXY has bounced back to a key resistance zone after a major fall, reaching the order block from the last leg down. The failure to break significantly higher from this resistance suggests the possibility of another downward move. Liquidity grabs above the resistance zone further support this bearish outlook. However, a small bounce within the resistance zone before another fall is still possible as liquidity is gathered from the upside. Fundamentally, several factors are influencing the bearish sentiment for the USD. The Federal Reserve’s ongoing easing cycle and the potential for further interest rate cuts weaken the dollar, especially as inflation pressures remain subdued. Other central banks, including the ECB, have cut rates, increasing the interest rate gap with the USD, which could further reduce demand for the dollar
TVC:DXYShort
by Sober_Trading
Bearish reversal?US Dollar Index (DXY) is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which accts as a pullback support. Pivot: 103.33 1st Support: 102.68 1st Resistance: 103.67 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:DXYShort
by ICmarkets
DXY Bullish again? rally from 102.600 back upOnce price mitigates and retests the daily demand zone I’ve marked out, I’ll be looking for the dollar (DXY) to trigger another bullish move within this point of interest (POI), potentially leading to a rally that could take out another all-time high (ATH). Upon reaching this daily demand, I’ll focus on finding a lower time frame entry. As price pushes up, taking out the liquidity and filling the imbalance, I’ll be watching for potential short-term sell opportunities from the daily supply zone, which looks like a high-quality area. Confluences for DXY Bullish Move: Recent Bullish Momentum: Price has been strongly bullish. Break of Structure (BOS): A clear BOS to the upside, leaving behind a demand zone. Liquidity and Imbalance: Liquidity targets and imbalance above, providing room for a rally. High-Quality Daily Demand: The daily demand zone is strong and has a good potential for a bullish push. P.S. I wouldn’t be surprised if the daily supply also holds and causes a deep retracement, but we’ll see how the market reacts. Have a great trading week guys!
TVC:DXYShort
by Hassan_fx