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Dxyindex

DXY D TFOn D TF I can RSI is Oversold and some pull back from 103.2$ Pull back until the resistance level 104.56$ is OK for continuation of the Downtrend. **(n.1)** The most important right now is not to see DXY above 104.56$ price level on W TF. In this case the chance of the continuation of the Uptrend will increase. **(n.2)** Keeping an eye on W close. On HTF I see more reasons of the further price decrease, but its a market, and we should always pay attention on what is going on on LTF.
TVC:DXY
by vazitrades
DXY (Dollar index) Longs to 104.000My bias for the dollar is bullish, as I am expecting a major pull back from this key level of demand that we have marked out on the daily time frame. As you can tell by the price action, bearish pressure is now getting exhausted so, we will be looking out for a wyckoff accumulation on the lower time frame to give us more confluence that this move will take place. As I don't personally trade the dollar, I will be using as it a sign to sell my other pairs. As we know already if the dollar becomes bullish we will expect bearish pressure for pairs like GU, EU and gold, visa versa. In addition to this, the daily demand holds a lot of significance as it has broken structure to the upside and swept liquidity therefore, we can expect a nice reaction from this AOI to potentially mitigate the supply above or fill the imbalances that have been left. My confluences for DXY$ Longs are as follows: - Overall DXY market is still long term bullish even though we temporarily bearish. - Price mitigated a strong level of demand on the (daily Time frame) that caused a BOS to the upside. - Price tapped in very slowly and the candle sticks have less volume, indicating that the bearish pressure is now exhausted and price is now looking like it wants to reverse. - Wyckoff accumulation has started to form very gradually on the lower timeframe. - Theres lots of imbalances above to target as well as supply zones to mitigate in order for price to continue in its bearish trend. - Price has also taken out a key level of engineering liquidity on the way down approaching the zone, so now price has enough liquidity to move the market back up. P.S. I am still bearish but as price has tapped in a key level, my thoughts are to buy back up to the nearest supply in order for us to follow the dollar trend downwards. I will be waiting on what market does on Monday as I will be looking for imminent Sells for EU, GU and XAUUSD.
CAPITALCOM:DXYLong
by Hassan_fx
1
DXY → Extra losses look likely below 104.00TVC:DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday. The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
TVC:DXYShort
by tradingconmike
#DXY The dollar has reached the reversal zone#DXY The dollar has reached the reversal zone (Harmonic Enlightenment pattern) The decline prediction fails with a daily close above 108.14. Otherwise, we wait for the green targets The "Butterfly" pattern is a technical analysis pattern used in trading, including cryptocurrency trading. It is a specific type of harmonic pattern that traders use to identify potential reversal points in the price of an asset. The Butterfly pattern is characterized by several price points that form specific geometric shapes on a price chart. Here's a brief explanation of the Butterfly Bearish Harmonic Pattern in crypto: 1. **Initial Move:** The pattern begins with a significant price move, which could be either an uptrend or a downtrend, depending on whether it's a bearish or bullish Butterfly pattern. 2. **X-A Leg:** This is the first leg of the pattern and represents the initial move's retracement. It's labeled as "X" and is usually the point where traders first identify the potential pattern. 3. **A-B Leg:** This leg is the next move in the opposite direction of the initial move, labeled as "A." It retraces a portion of the X-A leg. 4. **B-C Leg:** The B-C leg represents a move in the direction of the initial X-A leg and is labeled as "B." 5. **C-D Leg:** The final leg, labeled as "D," is the most critical part of the pattern. It extends beyond the X-A leg and typically ends near a Fibonacci extension level of 1.618 or 2.618 of the X-A leg. The Bearish Butterfly pattern suggests a potential reversal to the downside. Traders look for this pattern to anticipate that the price may start declining after completing the D leg. It's important to note that not all identified patterns result in price reversals, so traders often use additional technical indicators and risk management strategies to make informed trading decisions. Remember that cryptocurrency markets are highly volatile, and trading based solely on technical patterns carries risks. It's crucial to conduct thorough research and consider other factors before making trading decisions in the crypto market or any financial market.
TVC:DXYShort
by Crypto-Adda_Official
EURUSD LongEURUSD had great week showing intention to look for higher prices Price most likely to hit 38% fibo and retrace before pushing higher Overall sentiment of the market is very bull for EURUSD : 1- Weekly Overview - Huge positive candle on the weekly close 2- DXY broke support and is looking bearish. The structure breakout projection is point DXY to drop to mid 38%-50% fibo .. plenty of room for EURUSD to grow and to break reverse to bull 3- Main USD pairs - All looking bad for USD therefore EUR should benefit from but also expect several retracements to adjust and look for supports in order to sustain their gains from this week - USDJPY - Looking Bear - USD vs GBP also on the bear side - USDCAD also not looking good for USD
Long
by Hybriss
1
GOLD ANALYZE 1H Hello dear traders, In the global gold market, on the 1-hour timeframe, we are witnessing a downward trend where the price, after forming a bottom at 1931.5 and making an upward spike, indicates the possibility of forming a price pivot. We have two scenarios for the movement of gold: 1. If the trendline is broken, we expect further price growth. However, 2. if the price shows a reaction at the trendline and turns back towards the pivot, we anticipate price support. It is worth mentioning that if the floor at 1931 is lost, this analysis loses its validity. Thank you for following me. Wherever you are, stay safe and profitable.
OANDA:XAUUSDLong
by jawad369
US inflation before dollar fallThe dollar edged lower in early European trading on Monday as traders remained cautious ahead of the release of key U.S. inflation data that could provide further clues about FBI policy. Future Federal Reserve System. As of 3:20 a.m. ET (7:20 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was down 0.1% at 105.627. US consumer price data attracting attention The new week began with a weaker dollar as traders awaited the release of October's U.S. consumer price index for an update on the Fed's progress in reining in low-level inflation. Last year was the highest level in decades. Inflation is expected to rise by 0.1% per month. CPI rose 0.4% in September due to an unexpected rise in rents, but also showed that underlying inflationary pressures had eased slightly. October's jobs report, which suggested labor market conditions are easing, could fuel rumors that interest rates could peak if the economic slowdown accelerates further. But Fed Chairman Jerome Powell suggested last week that the fight against inflation may not be over yet and that the Fed could raise interest rates further, a view echoed by many of his Fed chairmen this week. Supported. "While it's clear from the federal funds futures curve that the market remains highly skeptical about whether further rate hikes will occur, Powell's comments could be the culmination of recent resistance to gradual price adjustment. There is a sex.” A number of Fed speakers are expected to contribute this week, especially in terms of leaving open the possibility of further rate hikes that could support the dollar, especially if inflation data shows prices are stabilizing. He is likely to agree with Chairman Powell.
TVC:DXYShort
by AstronautPioneer
DXY 2 senario with detailhi dear trader this price action for dxy with detail It is near the end of the year, institutions want to put a stop to the money for the Christmas celebration and take it out now... be careful.... My personal opinion is that he may not pay attention to the conversation this year, but this year he will fill the conversation with news of a war with something, but in any case, two scenarios should be considered... My personal opinion is that he will complete scenario 1 later. From the diamond pattern good luck mehdi
TVC:DXY
by mehdi_kb
DXY$ Shorts from 105.800 down towards 105.200As expected our last week scenario (A) played out perfectly like we anticipated which was seeing a bullish reaction from the 4hr demand. For this week's bias we are still temporarily bearish with the dollar as it's approaching a clean 14hr supply zone. As soon as it gets tapped in I will be waiting for my lower time frame confirmation i.e. a Wyckoff distribution schematic and a clean CHOCH to the downside. I would preferably wait for the asian high to get swept inside the zone before looking for a drop in the dollar index. I am bullish long term but, as price has broken structure a few times to the downside I would like to catch sells down towards the next demand at least. My confluences for DXY$ Shorts are as follows: - Price approaching a 14hr supply zone that has broken structure the downside. - Imbalances have fully been filled and momentum has slowed down (good sign for a reversal) - Huge trend line left way below that price would want to grab and theres also lots of liquidity below to target as take profit levels. - In order for price to keep pushing up it will need to enter a level of demand, so as of now we will be trying to catch sells down towards a demand. P.S. Only if my extreme 7hr supply zone gets violated, we will then know if price wants to continue in its bullish trend or not. But as of now I see price dropping more due to the perpetual BOS's. Also, as the dollar is a direct negative correlation to most of my pairs, the bias will suggest a bullish move to take place for EU, GU and gold If DXY$ decides to continue bearish.
CAPITALCOM:DXYShort
by Hassan_fx
1