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BTC + DXY (Convergence & Divergence + Symmetrical Triangle)Impact on Bitcoin (BTC): The DXY’s movement often has an inverse relationship with Bitcoin. A rising DXY typically exerts downward pressure on BTC, as a stronger USD reduces the appeal of alternative assets like Bitcoin. Conversely, a weakening DXY can provide a tailwind for BTC, encouraging capital flows into the cryptocurrency. Historically, the 12 EMA and 50 MA crossovers: have provided reliable signals for entering and exiting trades. As the DXY approaches the apex of its triangle, traders should watch for a breakout, which could have significant implications for Bitcoin.
BITSTAMP:BTCUSD
by alcoholic-semen-thrower
What news is needed to push the #DXY down? Let's take a look;Do you remember the pandemic period? The markets seemed to crash first, many of us even said, let's keep our money, neither stock market nor investment, let's see the way ahead first, let's not be exposed. Today, they had another case that shook the world. I say they did because I think there is nothing unconsciously done. Does the Monkeypox case look familiar? Could Bitcoin be pricing it in again right now? Not yet; I think today's drop is due to the NYSE withdrawing its offer to trade options on #Bitcoin ETFs. However, they will deepen the situation and it will create a domino effect. For exchanges that shape the world economy and politics, every movement on the charts is very valuable. Although the crypto exchange is not yet at this level, we are sure that it will be much more valuable in the near future. This chart I am sharing with you is the #DXY 1W chart ; It takes big events to make big moves on key charts like this one. It is highly likely to make a pattern like the one in the chart (no one knows tomorrow and the next move 100%). We are traders and our job is to make predictions. In order to make accurate predictions, we have to include all the data that concerns us. And those who make the right predictions and take the right risks always win.
TVC:DXYShort
by ugurtash
8.14 USD Trend AnalysisCPI is lower than expected, gold falls off a cliff, can the US dollar survive the desperate situation? Today, the US seasonally adjusted CPI annual rate for the end of July was lower than expected. With gold and silver slightly bullish, gold price fell from a high of 2474 to 2050, a drop of 24 US dollars. Everyone knows that if gold price falls, the US dollar will rise. Gold price currently lacks momentum. The war in the Middle East is still unclear. It may continue to fall. Will there be new entry opportunities for the US dollar? What do you think of this view? Welcome to comment below
TVC:DXY
by David_strategy
A 100 basis point rate cut making the dollar weakMarkets expect a 100 basis point Fed rate cut during the remaining meetings this year. A 100 basis point rate cut by the Fed would likely weaken the U.S. dollar. Lower interest rates reduce the yield on dollar-denominated assets, making them less attractive to investors. This could lead to a decrease in demand for the dollar, causing the Dollar Currency Index (DXY) to decline. Additionally, a weaker dollar might boost U.S. exports by making them more competitive globally, but it could also increase inflationary pressures.
CAPITALCOM:DXYShort
by TopGBanks
DXY Shorts from the daily supply at 104.200 back down.The dollar has broken significant structure to the downside, leaving a clean, unmitigated daily supply zone with an imbalance that adds validity to this point of interest. Once price reaches this level, I'll likely refine the zone and wait for a CHOCH on the lower timeframe. If price moves down first, I’ll watch for it to enter the newly created 3-hour demand zone, which swept previous higher-timeframe structure. This could propel the dollar up to the supply zone. Confluences for DXY Shorts: Strong bearish momentum on the higher timeframe, breaking previous structure. Significant liquidity to the downside. A solid daily supply zone caused this move, with an imbalance below. This pro-trend trade aligns with my other pairs. P.S. I expect Monday to start slow, with consolidation before either zone is mitigated. We'll make our move from there.
TVC:DXYShort
by Hassan_fx
DXY ( BREAKOUT AND AGAIN INSIDE CHANNEL ) (4H)DXY HELLO TRADERS Tendency, the price inside sensitive area , trading nearly turning level at 103.221 . Upward Zone : as long as the price should be breaking turning level at 103.221 , refers active upward zone , currently the price trading below turning level at 103.221 , to rising inside resistance zone between 103.690 & 104.477 , first thing for this rising reach of a resistance level (1) at 103.690 , by closing 4h candle above it easily reach next level at 104.477 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before . Downward Zone: until the price trading below turning level around 103.221 , indicates dropping to support level (1) around 102.736 , to confirm true decline , the price it will be breaking 102.736 , by closing 4h candle below it to reach support level (2) at 102.310 , called support zone have been buying increase in this zone before . TARGET LEVEL : RESISTANCE LEVEL : 103.690 , 104.477 . SUPPORT LEVEL : 102.736 , 102.310 .
TVC:DXY
by ArinaKarayi
1
DXY coold down before going up. Inv H&S pattern.The TVC:DXY is experiencing a cooldown, as indicated by the MACD. It was overbought and needs to relax a bit. However, this is not a reversal; it is just a reaccumulation. The inverse head and shoulders pattern suggests a target of $106 if the pattern stops at the bottom of the right shoulder, returning to its previous level and ready for more uptrend. A buy in the green zone is a safe entry. Always do your own research (DYOR). This is just chart analysis, not financial advice.
TVC:DXYLong
by CryptoNikkoid
1
US Dollar Index Daily TF DXY None Farm Payroll outcome from 13:30 today U.S PRIVATE NONFARM PAYROLLS (JUL) ACTUAL: 97K VS 136K PREVIOUS; EST 148K U.S PARTICIPATION RATE (JUL) ACTUAL: 62.7% VS 62.6% PREVIOUS U.S MANUFACTURING PAYROLLS (JUL) ACTUAL: 1K VS -8K PREVIOUS; EST -1K U.S AVERAGE WEEKLY HOURS (JUL) ACTUAL: 34.2 VS 34.3 PREVIOUS; EST 34.3 U.S GOVERNMENT PAYROLLS (JUL) ACTUAL: 17.0K VS 70.0K PREVIOUS looks like it is going to close below 104.018 The DXY has dropped 100 pips following the non-farm payroll results and is expected to close below 104.024, indicating a bearish trend. Consequently, EUR/USD, GBP/USD, and GOLD are likely to swing bullish. My area of interest is around 102.959, where I anticipate a rejection due to the presence of a -0.27 Fibonacci level and an order block. This should lead to a pullback before resuming the bearish trend to create new lower lows. Gold 4hr TF Gold is moving higher as a result of the non-farm payroll outcome. I expect this upward trend to continue until it hits my area of interest at 2,482, where I anticipate a rejection. After this pullback, I foresee gold resuming its upward movement to achieve a new all-time high (ATH).https://www.tradingview.com/x/tuk0BSO7/
TVC:DXYShort
by ChartStrategist
U.S. Dollar Index (DXY) Outlook ICT ConceptsU.S. Dollar Index (DXY) Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on DXY , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡Previous Analysis Review: In our previous analysis, we predicted a sweep of the equal lows from the past. We have now also observed a sweep of last week's low. 📍Current Market Overview: At the moment, the price is situated in the OTE (Optimal Trade Entry) levels. We have recently swept the Previous Week Low (PWL), indicating a potential shift in market direction. Given these conditions, we can foresee the price expanding higher to target the Buy Side Liquidity (BSL). 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PWH: Previous Week High, indicating recent market highs. • PWL: Previous Week Low, serving as recent support. • SSL: Sell-side Liquidity, areas where sell orders are placed. • EQL: Equal Lows, indicating levels of support and potential liquidity. • BSL: Buy Side Liquidity, areas where buy orders are placed. 📊 Key Considerations • Current Price Position: The price is currently trading around 104.380, after sweeping the EQL and PWL. • OTE Levels: The price is in the OTE levels, indicating a potential bullish entry point. • Targeting BSL: The price is expected to expand higher to target the Buy Side Liquidity. 📈 Bullish Scenario Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Price Expansion: The price may expand higher to target the Buy Side Liquidity (BSL). • Reaction at OTE: The price being in the OTE levels suggests a strong potential for a move higher. 📉 Bearish Scenario A bearish scenario should be considered if the following conditions are met: • Buy-side Liquidity Taken: For any short case scenario, we need the buy-side liquidity (swing points) to be taken first. • Continuation Lower: After taking out the buy-side liquidity, the price may continue lower. 📊 Chart Analysis Summary • Bullish Expectation: The expectation is for the price to potentially expand higher from the OTE levels to target the BSL. • Bearish Expectation: For a bearish scenario, we need the buy-side liquidity to be taken out first before considering short positions. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 Thank you for joining us! Exploring DXY today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
TVC:DXY
by RealArmin
The USD and US bond yields immediately decreased.The DXY index - measuring the fluctuation of the USD compared to six major currencies in the world - decreased from 104.8 points (8:00 p.m., July 30) to 103.94 points (8:00 p.m., July 31, Vietnamese time). Male). Thus, there are more positive signs for the US economy. This is a factor that may cause the US Federal Reserve (Fed) to have a plan to lift monetary policy at a faster pace to ensure the US economy does not fall into recession in the future. Accordingly, in July the number of jobs created in the US was 122,000 jobs, lower than the forecast of 147,000. The USD and US bond yields immediately decreased.
TVC:DXYLong
by FalCol_TradingMaster
DXY Q3 bearish bias confirmed. Quarterly: Based on the Quarterly theory this is Q3 of this year 24, & Q2 was the manipulation of this year, which has been formed upside, So the Q3-Destribution the price will go down whole August-September 2024, Draw on Liquidity: If I draw a FIB from the last year low to this year high the OTE Level is around 102-389 to 101.917. levels. So we will check any monthly PDA in this levels for the DOL, for the price. Weekly: As there was 2 W-FVG- 's bellow the PQM level's so POI of price revarsal was that 2 W-FVG- 's for revarsal. Now before the NFP Day, there are a possible W-SMT has been forming, So this confirmed me that the price is giving us a sign of revarsal. We need h4 confirmation for that to be more clear. H4: In this H4 the price has formed a bearish H4-Breaker/Unicorn formation, which is a strong sign of revarsal, in a W level of POI, which gives me farther confirmation that in the up coming week the price will move lower. So when all this 4 analogy 1. Quarterly Q3, Bearish analogy, 2. W-FVG- as a resistance, 3. H4-Bearish Breaker, 4. W-SMT in W-FVG- When placed all to-gather in the chart, it gave me a confirmation that the DXY is going down up coming 2 months.
PEPPERSTONE:USDXShort
by Trader_PKR
GBPUSD - Look for Continuation Long (SWING) 1:3.5!GBPUSD is closely related to XAUUSD and the DXY basket of six pairs, providing excellent confluence and confirmation opportunities for trading pairs against USD. Currently, GBPUSD has created a new high and is correcting to the nearest RBS Zone, a demand zone, indicating a potential continuation of the bullish momentum in the higher timeframe. The price doesn't seem likely to yield to sellers soon, especially considering the FED's recent decision to freeze interest rates. This suggests a forecast of continued upward movement supported by strong bearish signals and a few high-impact USD news events this week. We'll need to observe how the market reacts to these sentiments and news impacts. Regardless, it's crucial to manage your risk wisely and wait for a clear market structure before making any moves. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
DXY- Two important levels to watchIn last week's analysis of the DXY, I noted that the index had reversed back above support, potentially indicating a false break. Additionally, the smaller time frame charts are showing an inverted head and shoulders pattern. This idea remains valid, though with some reservations, as the right shoulder is taking too long to complete. This extended formation period is not ideal when trading a head and shoulders pattern. The key level I'm watching is 104.50. If there is a clear break above this level, I will look for opportunities to sell USD pairs, with a focus on GBP/USD. Conversely, if the index breaks below 104, I will look to buy USD pairs, concentrating on AUD and NZD. For now, it's best to wait and see where the break occurs. After such a long consolidation, the resulting move is likely to be strong.
TVC:DXY
by Mihai_Iacob
7
Gold vs. Dollar: Debunking the Correlation MythIn financial markets, it's common to look for correlations between different assets to understand their behavior and make informed trading decisions. One widely discussed relationship is between Gold (XAU/USD) and the US Dollar Index (DXY). While it's often assumed that these two assets are inversely correlated, a deeper analysis reveals that this is not always the case. This article explores the nuances of the XAU/USD and DXY relationship, demonstrating that they are not consistently correlated. Understanding XAU/USD and DXY XAU/USD represents the price of Gold in US dollars. Gold is traditionally viewed as a safe-haven asset, meaning its price tends to rise in times of economic uncertainty. DXY, or the US Dollar Index, measures the value of the US dollar against a basket of six major currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. The index provides a broad measure of the US dollar's strength. The Assumption of Inverse Correlation The assumption of an inverse correlation between XAU/USD and DXY is based on the idea that when the dollar strengthens, it becomes more expensive to buy Gold, leading to a decrease in Gold prices. Conversely, when the dollar weakens, gold becomes cheaper, and its price tends to rise. However, this relationship is not as straightforward as it seems. Historical Data Analysis To understand the true nature of the relationship between XAU/USD and DXY, let's examine historical data. 1. 2008 Financial Crisis: During the 2008 financial crisis, both gold and the US dollar saw periods of appreciation. Investors flocked to the safety of both assets amid widespread market turmoil. This simultaneous rise contradicts the notion of a straightforward inverse correlation. 2. 2014-2016 Period: From mid-2014 to the end of 2016, the DXY experienced significant strength, rising from around 80 to over 100. During this period, gold prices also showed resilience, hovering around $1,200 to $1,300 per ounce. The expected inverse correlation was not evident during these years. 3. COVID-19 Pandemic: In early 2020, the onset of the COVID-19 pandemic triggered a sharp rise in both gold and the US dollar. The DXY spiked as investors sought the liquidity and safety of the US dollar, while gold surged as a hedge against unprecedented economic uncertainty and aggressive monetary policy actions. 4. Gold new ATH's in 2024: Even recently, if we examine the charts, we see that since the beginning of the year, XAU/USD has risen by 4000 pips, while the DXY is 4% above its price at the start of the year. Factors Influencing the Relationship: Several factors can disrupt the expected inverse correlation between XAU/USD and DXY: - Market Sentiment: Investor sentiment plays a crucial role. During periods of extreme uncertainty, both gold and the US dollar can be sought after for their safe-haven properties. - Monetary Policy: Central bank actions, particularly those of the Federal Reserve, can impact both the US dollar and gold. For instance, lower interest rates may weaken the dollar but boost gold prices as investors seek better returns elsewhere. - Geopolitical Events: Political instability, trade tensions, and other geopolitical factors can drive simultaneous demand for both assets, decoupling their traditional relationship. - Inflation Expectations: Gold is often used as a hedge against inflation. If inflation expectations rise, gold prices might increase regardless of the dollar's strength or weakness. Conclusion: While there are periods when XAU/USD and DXY exhibit an inverse correlation, this relationship is far from consistent. Various factors, including market sentiment, monetary policy, geopolitical events, and inflation expectations, can influence their behavior. Traders and investors should not rely solely on the assumed inverse correlation but rather consider the broader context and multiple factors at play. Understanding that XAU/USD and DXY are not always correlated can lead to more nuanced trading strategies and better risk management. In the complex world of financial markets, recognizing the limitations of assumed relationships is crucial for making informed decisions. Best Regards! Mihai Iacob
FX:XAUUSDEducation
by Mihai_Iacob
2
US economic recovery, good news for the global economyDXY: The USD index last week maintained an accumulation status around the 104.10-104.50 range and has not broken out yet. It is likely that the market will need information from this week's FOMC to have clearer trends. In the short term, it is expected that today, DXY will continue to accumulate around this price range, so you can consider buying USD when DXY retests 104.10. -- On July 25, the US Department of Commerce released a report showing that the world's largest economy grew by 2.8% in the period from April to June 2024 (twice as high as the previous quarter). This growth is considered solid, as the US Federal Reserve's (Fed) inflation control measures seem to be effective. Inflation, one of the key factors influencing the Fed’s monetary policy, is showing signs of cooling. The annual inflation rate fell to 3.2% in June, down from a peak of 9.1% last year. This development is believed to be the result of the Fed’s continuous interest rate hikes over the past year.
TVC:DXYLong
by TheLeader_WOLF
DXY Dollar Index Technical Analysis and Trade Idea In this video, we analyze the DXY Dollar Index. It's clear that the DXY has been exhibiting bearish momentum recently. However, it is currently range-bound, and we need to wait for the market to reveal its direction. My strategy involves monitoring the 15-minute chart for signs of a breakout. I am leaning bearish, but this will be confirmed later today as we approach the London and NY sessions. A breakout could present a trade opportunity, as described in the video. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential.
TVC:DXY
by tradingwithanthony
(DXY) Dollar - Break out pending from its consolidationThe DXY is currently in a consolidation phase, and I expect it to break out soon. Regardless of the direction, we have marked points of interest (POIs) that will help us capitalize on trading opportunities. - Scenario 1: Price Breaks Upwards If the price breaks above the consolidation, I anticipate it will fill the imbalance and tap into the supply zones marked on the 30-minute and 8-hour charts. - Scenario 2: Price Breaks Downwards If the price moves down, I expect it to mitigate the 16-hour demand zone. This zone appears to be a strong buy setup, likely pushing the dollar back up. There’s also an imbalance above this demand zone that needs to be filled. Overall, I am favoring an upward move, as this aligns with my bearish outlook on GOLD, EUR/USD, and GBP/USD.
TVC:DXYLong
by Hassan_fx