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Dxyindex

DXY (Dollar index) Retracement back up to 105.600Following from last week hectic week of news events, we had a nice end on NFP friday giving us a clear indication on what price wants to do. As you can see the dollar has been ranging on the higher time frame, generating liquidity and testing new possible highs however failed to do so. Scenario (A) - We have a strong bearish candle breaching the low of the range, breaking the structure to the downside. This hints that the dollar wants to move in a bearish trend and possibly want to take the HTF trendline below that was left from the previous rally. From this move, we have marked out new supply zones that we can sell from to continue this expansion. As of current price we have entered a nice (4hr) demand zone that has previously caused BOS to the upside this can allow us to buy back up towards the supply above. Already we see a nice reaction within the zone as well as price accumilating so we can possibly look for nice buys on monday once we get a CHOCH on the LTF's. We will then target the 13hr supply zone above as thats our main POI for a potential sell setup to form. Scenario (B) - Is that price continues to the downside and fails this zone to sweep the liquidity below. As theres a lot of asian lows and engineering liquidity, price can easily take this to tap into the daily demand which is a better zone to buy from to target the supply above around 105.500. My confluences for short term dollar (DXY) buys are as follows: - Price tapped into a 4hr demand that broke structure to the upside. - Wyckoff accumilation is starting to formulate due to the slow movement inside the zone. - Imbalances left above from NFP news event that price needs to come fill. - If price wants to continue in this bearish trend it must retrace back to the supply above. - Liquidity from the previous low has also been swept (which is the bottom of the range) - enough liquidity to possibly cause price to retrace back up to 105.600. P.S. From last weeks DXY breakdown (29/10/23), My scenario (A) played out how I expected as price respected my 7hr supply zone that I marked out and melted perfectly from that zone which caused price to break structure to the downside. I am temporarily bearish on the dollar so our next POI's to continue this order flow will be at the 13hr supply or the extreme (7hr) above.
CAPITALCOM:DXYLong
by Hassan_fx
2
1970 -> Liquidity levels boosting Demand up Gold is now beginning to consolidate. For us, the 1999 level is significant because if this resistance level gets crossed, the market will actively keep rising until it reaches levels around $2070 ( Weekly Resistance). OANDA:XAUUSD will probably start determining what happens in the future. NFP damaged the TVC:DXY DXY dollar market, which could lead to a sharp increase in gold prices. There are a few significant news events that will be important keeping an eye on this upcoming week: 1. Powell's Addressing the First Round of Jobless Claims 2. GDP in YoY No major news or events should be expected unless the Geopolitical situation escalates. Remember that prices are determined based on: 1. Supply & demand 2. Geopolitical stability vs riskiness 3. Economic Data 4. Major Ecological disasters Wish you the best of luck.
OANDA:XAUUSDLong
by Sal98
Downfall in DXY has begun?In my previous post on DXY ,i mentioned how i expected it to move up a tiny bit in wave c of Z before starting to tumble. Well, from the fresh piece of evidence available it seems like that the expected tiny bounce failed which in Elliot wave terms means that wave Z has truncated. That also means that the first leg to the expected downfall towards 93-94$ mark is already in place. A few other things to add to this view: i. The closing price yesterday came below the channel support ii. the horizontal trend support is also broken iii. by breaking the low of 105.36 the index has technically entered a downtrend according to the classic Dow Jones theory(lower high and lower low formation). Note*- This post is for educational purpose only
TVC:DXYShort
by neeraj_2_sharma
2
DXY - Keylevels - DailyDxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down. I have mentioned the important areas. The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite far away and things for DXY can get complicated if it loses the next level as well. On the other hand, let's not forget that big investors can't wait to sell their dollars to enter the market, so the pressure on the dollar at these moments is getting bigger and bigger.
TVC:DXYShort
by sfc95
USDZMW/Technical AnalysisWe might see a strong buy side liquidity on USD/ZMW, W formation formed on Monthly Time Frame after price hit our MTG at k15 which is likely to head back to k22.50 Zone, it has also broken another liquidity zone (OB) at k19.28 meaning that we still have a strong bullish run, Price might be heading back to fill the VOID from the heavy sell liquidity we had from July 2021 - August 2021. Kwacha is yet to depreciate drastically till proper Fundamental and Economic Policies are put in place.
Long
by Mutobo
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.
TVC:DXYLong
by Chart_MasterPro
DXY Peaks as Leverage Combined Positions for USD Index RiseIt is with great concern that I bring to your notice the recent surge in leverage combined positions for the USD index, coinciding with the apparent peak of the Dollar Index (DXY). This convergence of events has prompted us to urge you to exercise caution and consider pausing your USD trading activities. Over the past few weeks, we have witnessed the DXY reaching new heights, bolstered by a series of positive economic indicators and widespread optimism. However, it is crucial to recognize that such prolonged upward trends tend to have limitations, often leading to market corrections or reversals. The mounting leverage combined positions for the USD index indicate an increasing number of traders speculating on the dollar's continued ascent. While this may seem enticing, history has shown us that excessive optimism and overleveraging can be precursors to market downturns. As responsible traders, it is our duty to approach these situations with a level-headed perspective. Therefore, we strongly advise you to pause and reevaluate your USD trading strategies, taking into account the current market conditions and the potential risks associated with the DXY's peak. Consider diversifying your portfolio, exploring alternative currency pairs, or even temporarily shifting your focus to other assets that exhibit more favorable risk-reward ratios. By exercising prudence during this phase of heightened optimism, you can better protect your capital and avoid potential losses. Remember, trading is a marathon, not a sprint, and preserving your financial stability is paramount. In conclusion, we urge you to approach USD trading with caution, recognizing the potential risks associated with the DXY's current peak and the surge in leverage combined positions. Take this opportunity to reassess your strategies, diversify your portfolio, and consider alternative trading options. By doing so, you will be better positioned to adapt and thrive in the ever-evolving world of trading.
TVC:DXYLong
by bryandowningqln
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.
TVC:DXYLong
by Chart_MasterPro
DXY: USD exchange rate today (November 1); The USD reversed and The US economy is resilient, as evidenced by new data released on October 31. This is the most recent indication that the US Federal Reserve (Fed) can sustain high interest rates for an extended length of time. As a result, given the substantial rise in wages during the third quarter, US labor costs rose dramatically. After increasing by 1.0% between April and June, the employment expenditure index (ECI) increased by 1.1% in the most recent quarter. According to additional data, US housing prices increased in August for the third straight month, up 5.6% over the same time last year and 4.6% from July. The Fed started a two-day policy meeting on October 31 and was predicted to maintain interest rates at that time.
TVC:DXYLong
by TrategySherpa
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.
TVC:DXYLong
by Chart_MasterPro
Prediction of the dollar index in the long term (weekly)The dollar index has moved on the path of July 11 so far and the scenario has not changed for now According to the left of the chart and the completion of the technical model of liquidity provision, the long-term correction of the dollar index has been completed and it has started its main movement. This break of the dollar in 2023, in my opinion, was like the rest of a sheep before going to the slaughterhouse. 2023 was a break before the slaughter of all markets and 2024 is the beginning of the fall of markets. This is confirmed by the dollar index with targets of 114 and 121. Of course, markets like crypto are still alive and we can see price growth in them, but soon they will also approach the crash market. The whales are currently resting.
TVC:DXYLong
by fiftytwohertzwhale
DXY Dollar Index Technical Analysis And Trade IdeaIn this video, we conduct an in-depth analysis of the DXY (US Dollar Index). Our focus lies in deciphering the pronounced bullish trend observed on higher time frames. Throughout the video, we explore prospective price targets and trading opportunities, delving into trend assessment, price action, market structure, and a conceptualised trade proposition. Please be reminded that the content herewith is designed solely for educational purposes and should not be interpreted as financial advice. It is crucial to acknowledge the substantial risk associated with currency markets, emphasising the necessity of implementing astute risk management techniques in your trading endeavours.
TVC:DXYLong
by tradingwithanthony
US-DXY SELL AFTER BREAKOUT !!!HELLO TRADERS , Double-Top Patterns Indicate Market Rally Could Be Nearing End as i can see the chart DXY is holding a support zone and trading under the trend line so outer middle east tensions are increasing day by day no ceasefire happen soon in coming days war is spreading to other nations that not good for $ it had still not touch 107.40 level in this volatility this just an idea i personally enter in sell if it break the support as it is drawn in chart with a small risk and higher rewards Stay tuned for updates on chart
TVC:DXYShort
by APEX_TRADING_ACADMEY
2
Analyzing DXY's Recent Performance and Future Prospects in ForexLast week, I expected the US Dollar Index (DXY) to decline to 106.011, a key area of interest, and then bounce. It did indeed bounce strongly, but faced resistance at 106.651. DXY needs to close above 106.651 on daily or 4-hour candles for its rally to continue. Once it does, we can expect DXY to target buy-side liquidity. However, I would now prefer to see DXY absorb sell-side liquidity today or tomorrow before resuming its upward movement. In the meantime, while DXY consolidates, I believe there may be good opportunities in minor or exotic currency pairs. So, keep an eye on those. #forextraders #forextrading ##DXY #marketanalysis
TVC:DXYLong
by Crypto_Byte9