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Dxyindex

DXY: Grass isn't greener above 107The Dollar Index (DXY) finds itself stretching towards the top of the current trading channel, eyeing the 107 mark. While this channel top is foreseen as a limiting factor in the future, the immediate trajectory for DXY hints at a stretch towards 107 before a possible retrace to the channel bottom. Key Observations: 1. Targeting 107: DXY is progressing towards 107, post which, a descent to the red box at the channel's bottom (between 97 and 93) aligned with the 50-period Moving Average (MA) on the 3-month chart is expected. 2. Fisher Indicator: A crucial retest of the channel to meet the 55 MA/EMA is highlighted by the Fisher Indicator, verifying the trend's sustainability. 3. Pullback Needed: Despite the run, the stretched outlook on daily and weekly charts suggests a necessary pullback to at least 104, aiming for a retest of the 50-week MA. 4. ABCDE Corrective Pattern: If this phase represents the D in an ABCDE corrective pattern, the 50-month MA on the 3-month chart could help pinpoint our E. 5. Risk Assets Opportunity: As DXY nears its peak around 107, a window of opportunity opens for risk-on assets like BTC, stocks, etc., indicating a favorable period for entry. 6. Golden Cross at 103.1: This critical level needs to hold, albeit, in the short term, it's likely to continue straining risk-on assets, orchestrating a market strangle. (Note: Thorough personal analysis and risk management are crucial before making any trading or investment decisions.)
TVC:DXYShort
by ThinkLikeaWhaleTLAW
1
DXY short term Shorts to 105.200SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards 105.200 or even lower possibly to 104.700. Once price reaches there we will then expect the dollar to push back up again from those POI's below ( 6hr or 4hr demand zone.) My confluences for dollar (DXY) shorts are as follows: - Price changed character to the downside on the higher time frame as well as broke structure indicating the shift in trend has become bearish. - Price entered an 8hr supply zone that has caused this break of structure to the downside. - Momentum has slowed down (a good sign that price wants to go back down.) -Wyckoff distribution taking place to liquidate any previous buyers that was in profit to then allow us to enter the best possible sell position down towards the designated target. - A few Imbalances have been left below that it must come back and fill. - Lots of liquidity below as well to target in the form of untouched Asia lows and engineering liquidity. P.S. Obviously as this is not the only possible scenario, price could also go higher and react off the 6hr supply zone above current price and mitigate that extreme zone to then sell off from there. Either way we are anticipating a drop to follow the bearish trend that has been formed.
CAPITALCOM:DXYShort
by Hassan_fx
1
Dollar Show Signs of Flat Price Action until Year-End Here is an important update regarding the current state of the dollar and its potential price action for the remainder of the year. It is crucial to approach the subject with caution and consider the implications for your investment decisions. Over the past few months, the dollar has exhibited signs of flat price movement, showing limited volatility and a lack of clear direction. This trend is likely to persist until the end of the year, as various economic factors and market uncertainties continue to influence its performance. While it is tempting to engage in active investing in the Dollar Index (DXY) during such periods, it is important to exercise prudence and carefully evaluate the potential risks involved. The lack of significant movement in the dollar can make it challenging to achieve substantial returns within a short timeframe. Considering these circumstances, I encourage you to pause your DXY investing activities and reassess your strategies accordingly. It is crucial to remain vigilant and closely monitor market developments, as sudden shifts in global economic dynamics or geopolitical events could potentially disrupt the current flat price action. As traders, it is essential to adapt to the prevailing market conditions and adjust our investment approaches accordingly. This period of relative stability in the dollar can provide an opportunity to diversify our portfolios and explore alternative investment options that may offer better potential returns. I urge you to consider this cautious approach and take the necessary time to evaluate your investment strategies. By doing so, you can ensure that your capital is deployed wisely and in alignment with the prevailing market dynamics. Thank you for your attention, and I wish you continued success in your trading endeavors.
TVC:DXY
by bryandowningqln
Unveiling the Bearish Momentum: DXY📈 Technical Analysis of DXY: Key Support Break and Bearish Momentum In this technical analysis, we explore the recent price movements of the DXY (US Dollar Index) on an 8-hour chart, with a focus on the short direction. Discover the key support break, formation of lower highs, and projected path for the DXY. 🔑 Title: Unveiling the Bearish Momentum: DXY Technical Analysis and Projected Path 1. Key Highlights: Key Support Level Test: DXY tested the critical support level at 105.262 on October 12th, which historically influences price movements. 2. Formation of Lower Highs: After the support test, DXY formed a series of lower highs, suggesting a potential bearish bias as each subsequent high is lower than the previous one. 3. Break of Swing Low: On October 18th, DXY breached the swing low at 105.65, indicating a possible continuation of the bearish momentum and raising the likelihood of breaking the key support level at 105.262 in the upcoming week. 4. Projected Path: Analysis indicates a potential further drop in DXY, with a projected decline towards the support line at 105.08 in the next two days. A subsequent rebound towards the key level of 105.66 may occur, forming a lower high and confirming the continuation of the downtrend towards the next key level at 104.30. 5. USD Currency Pairs Analysis: Among USD currency pairs, EURUSD exhibits the strongest upward momentum, followed by GBPUSD, presenting potential risk-to-reward opportunities for swing trades in long positions. 6. Gogo Trend Scalper Indicator🔍: Gogo Trend Scalper, our trend indicator, shows the moving average (MA) in red, currently turning downwards, further supporting the bearish outlook for DXY and suggesting a potential decline in the index. 💡 Stay tuned and closely monitor the technical analysis of DXY. The break of key support, formation of lower highs, and confirmation of downward momentum indicated by our trend indicator suggest a potential bearish bias. Adapt your strategies accordingly and make informed trading decisions based on the analysis provided. 🔔Remember, market conditions are subject to change, so stay updated and be prepared to adjust your approach as needed. 🔔Don't forget to like and share to friends this post to stay informed about future technical analysis and Forex trading insights. Let's navigate the Forex market together and make informed trading decisions.
CAPITALCOM:DXYShort
by ICT_Trader_SB
DXY stabilized around 106.5Gold prices (XAU/USD) regained some of last week's gains and hovered around $1,975 during Asian trading on Monday. The bullish outlook for precious metals is supported by flows into safe-haven assets amid rising geopolitical tensions in the Middle East. Meanwhile, the US dollar index (DXY), which measures the value of the US dollar against six other major currencies, remained stable at around 106.15. Federal Reserve Chairman Jerome Powell has indicated that he would like to pause interest rate hikes in the coming months and monitor developments in economic indicators. Powell added. He explained that tighter monetary policy could become appropriate if there are further signs of above-trend growth or if labor market easing ends. The better-than-expected data could boost the US dollar (USD) and put pressure on USD-denominated gold. On the other hand, rising tensions in the Middle East could cause prices for safe-haven assets such as gold to rise. But on Sunday, concerns grew that the conflict between Israel and Hamas could escalate into larger-scale fighting in the Middle East, with the US government warning of grave risks to its interests. America in this region
TVC:DXYLong
by NicoTradingMaster
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
SELL… but wait, Why Sell?For an accumulation of reasons: 1. TVC:DXY Firstly did a fake breakout retest previous support. It got rejected and finally it will continue to go above106.8$ up until 108$. 2. According to technical analysis, gold is forming an obvious divergence when compared to RSI in the 1 hour timeframe. A strong correction is highly probable. 3. Michael Burry was right. Let’s take a minute to admit the fact that inflation is not as under control as analysts are trying to convey. Economic data proves the opposite. 4. Fed rate hikes I are certain for 2023, making Q1 2024 a certain hike period for the Feds with a new roadmap. 5. Gold have reached its all year liquidation levels compared to the volume of Sell postions taking place by VCs. (Read the news) 6. T-Bonds seems to grab investors’ attraction making gold seem having a lower ROI for the long term. (This is not a financial advice nor financial analyst but rather my opinion supported with facts from the economy and news)
OANDA:XAUUSDShort
by Sal98
1
The Fed has good reasons for raising interest ratesThe war is escalating and gold is increasing very strongly recently Major common currencies are maintaining their current positions and rising momentum However, now the energy crisis is gradually starting as most warring countries are cutting production and stopping supply to the whole of Europe. For the above reasons, it is certain that the Fed will once again step in to avoid inflation and push interest rates to the top like previous hawkish speeches.
TVC:DXYLong
by NicoTradingMaster
All eyes are on the Fed's keynote speech Federal Reserve Chairman Jerome Powell is scheduled to deliver a major policy speech on October 19th. The aim is to convince the market that the relevant central banks will continue to keep the inflation regime in check, but perhaps not, and that there will be some "easing" going forward. The first monetary policy plan was submitted to the New York Economic Club as the U.S. economy faces many pressing issues. Inflation has improved recently, but U.S. Treasury yields are rising, sending mixed signals about the direction of monetary policy. While most markets expect the Fed to keep interest rates on hold, they still expect Powell to confirm and clarify officials' views on the current situation and long-term trends. Luke Tilley, chief economist at financial services firm Wilmington Trust, said Chief Executive Officer Powell continues to talk about inflation risks given the strength of the economy and unexpected consumer spending in the third quarter. I predict that. Essentially, chief economist Tilley expects Powell's message to be divided into three parts. First, the Fed had to raise rates quickly, and they did. Next, the Fed needs to set a maximum interest rate, which is at the heart of the debate. And finally, we need to figure out how long interest rates need to stay at this high level to bring inflation down to our 2% target level.
TVC:DXYLong
by TheLeader_WOLF
DXY - The US dollar index is showing signs of slowing downEconomists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession. In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle of last year that the probability has fallen below 50%. He mainly attributes his optimism to three factors. Inflation continues to decline, the Federal Reserve has finished raising interest rates, the job market is strong, and economic growth is well above expectations. The survey was conducted October 6-11 among 65 economists. Doug Porter and Scott Anderson, economists at BMO, say the odds of the U.S. going into recession continue to decline as the banking sector crisis eases and the labor market and incomes recover strongly. Rising real income supported consumption.
TVC:DXY
by TheLeader_WOLF
DXY HOW I LOOK AT THIS CHART The last two analyzes that I will mark below showed that I was bearish below the weekly level. After that, a bullish divergence appeared and the shorts were manipulated. Therefore, this zone was retested and if it is only 1 hour of the saint, we got a strong reaction. Zones that I watch, below the weekly level 106 - bearish, the last price for me. Above closing if possible daily 106.7 for me the door is open for 108 and the deviation is not yet confirmed. Below, see my predictions since the beginning of this manipulation
TVC:DXY
by learnfromfailure
Any move for DXY todayGold prices fell on Monday, but reversed after rising safe-haven demand led to a series of strong gains in the yellow metal as attention remained focused on the potential impact of the crisis. War between Israel and Hamas. The yellow metal saw some profit-taking after rising more than 5% last week as the outbreak of the Israel-Hamas war sent investors to safe havens. Markets are now focused on whether the conflict between Israel and Hamas will spread to the Middle East as Israel prepares for a ground offensive in the Gaza Strip. Prospects of rising US interest rates limit gold's appeal Better-than-expected U.S. inflation data released last week signaled continued tightening by the Federal Reserve, and interest rates are likely to remain high for an extended period of time. This view has weighed heavily on gold prices over the past year, and with US interest rates remaining high, any significant price gains for the yellow metal are likely to be limited. Gold has seen some significant gains due to demand as a safe-haven asset, but primarily the dollar has remained the safe-haven asset of choice. Capital inflows into the dollar pushed it near a 10-month high last week. Rising interest rates are bad for gold because they increase the opportunity cost of investing in the yellow metal. This thinking has capped the yellow metal's strong rally, even as deteriorating global economic conditions have increased demand for safe-haven assets.
TVC:DXYLong
by TheLeader_WOLF