(DXY) Dollar Index - Looks BearishDXY broke the symmetrical triangle on the 1D timeframe, breaking the previous low.
I believe that a bearish trend is starting in the short term, if this is confirmed it could be beneficial for the crypto market.
Dxyindex
SasanSeifi| Mid-Term Bearish Outlook for Dollar Index! (5Day)Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains predominantly bearish.
It is expected that, in the midterm timeframe, the price will move toward the identified demand zone, with a potential decline to the corrective target around $99 to $98.73, especially after breaking the $100.600 to $100 range. Once this area is reached, there is a possibility of a positive price reaction. To better understand the future movement of the Dollar Index, it's crucial to closely monitor how the price reacts to these corrective targets. However, if the downtrend continues and the $98 level is breached, and the price stabilizes below it, the next corrective target could be around $97.50 to $96.
To better understand the future movement of the Dollar Index, it's essential to keep a close watch on how the price reacts to these corrective targets.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Continue falling DXY H4 21.08.2024Continue falling DXY
The dollar index continues to fall,
exactly repeating the previously made analysis on it.
On targets I see the nearest support levels
around 99.45-99.11
From which can make correction upwards to 101.662.
DXY Bullish this week from 101.200?The DXY is currently in an 8-hour imbalance, which could give us an initial bullish reaction. Although price has already broken structure to the downside and shown strong bearish pressure, I expect this bearish momentum to weaken. Once price reaches the 14-hour demand zone, I will be looking for a stronger bullish reaction back up.
If price retraces from either of these zones and moves back to the daily supply, I will then expect the bearish order flow for the dollar to continue. Since this is a clear bearish price structure, any upward movement will likely be short-term and temporary until the daily supply zone is mitigated.
This aligns with my analysis for GBP/USD (GU) and EUR/USD (EU), where I'm looking for short-term sells before entering buy positions. Similarly, for the dollar, I'm expecting a small upward move before it continues its decline.
Have a great trading week, everyone!
DXY IndexPair : DXY Index
Description :
Falling Wedge in Short Time Frame
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Demand Zone
RSI - Divergence
Symmetrical Triangle as an Corrective Pattern in Long Time Frame
DXY SELLHi fellow traders, DXY is ready to make a move lower from the blue box after completing the ABC correction. Target the 102.45 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!
DXY StructureThis wave 2 has been in action since late 2022 and will be nice to see its final completion.
A little level to deal with in the coming week or so in order to open up the end game of C of 2.
The Wave 3 up will be the move of wonder through 2025-2028.
DXY is moving lower**Monthly Chart**
DXY monthly candle closed as bullish. This month's candle (still active) reached the supply zone last week around the 106 level and bounced lower from it.
Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD.
**Weekly Chart**
Last week's candle closed as a bearish engulfing suggesting a reverse trend lower at least to test the demand zone around the 104 level and then moving lower to the 103 level.
**Daily Chart**
This week, DXY is expected to have a corrective wave structure and consolidate before continuing the downward movement. There will be a release of monthly and yearly CPI on Thursday which can provide some strength to USD.
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.
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.
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
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.
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.
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 .
Weaker DollarAs The Employment Data This Month was Really Bad, and The Fed is Likely to Cut Interest Rates in September. its Looking Bearish for the Dollar,
DXY Long Term MovingDear All,
I see something about DXY which is more sophisticated than I thought, Maybe The Great Recession is on the way to the American economy!!!
See if they could recover the USD strength before 79-81 or we should face it as firm reversal support in next four to eight years !!!
DXY New Week MovePair : DXY Index
Description :
DXY Index is following Symmetrical Triangle as an Corrective Pattern in Short Time Frame and It has breakout the Lower Trend Line. According to Elliot Waves theory it has Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves. Rejecting from Strong Support Zone and Fibonacci Level - 61.80%
The Dollar Index and what we will see in the coming yearsThe Dollar Index and what we will see in the coming years from its collapse has become imminent, we may witness it at 64
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.
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/
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.
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.
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.
