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Dxylong

DXY Bullish trend continue**Monthly Chart** The Sept 24 candle formed an inside candle after it swept the liquidity from the previous candle low and tested the low of the July 2023 monthly candle at the midpoint of April 22 Fair Bullish Value Gap (IPA). The Oct 24 candle closed as a bullish engulfing candle, suggesting a strong bullish move for DXY in the next few months. This month's candle (which is still active) continued the strong bullish move for the DXY and took the liquidity above 106.49 and 107.34. I am still expecting DXY to at least move to test 110.00 before looking for any bearish structure. **Weekly Chart** Last week's candle closed bullish after swept liquidity above 107.348 level. Since DXY already took the liquidity. For Now, for DXY to continue the upward trend, it needs to form a bullish structure on smaller time frames for one more bush higher at least to test the low of 24 Oct 2022 weekly candle at 109.535 level. **Daily Chart** I would like to see DXY retrace lower at least to test 0.50 or 0.618 Fibs levels and FVG on the daily chart and form bullish confirmation for another push higher this week. This means a bearish continuation for opposite pairs to USD. Such as GBPUSD, EURUSD, AUDUSD..etc. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD.
TVC:DXYLong
by PropSignals
Analyzing DXY: Key Clues for USD Pair Trading Opportunities👀👉 In this video, we dive into the DXY index and analyze its bearish break of market structure on the 4-hour chart, highlighting the mounting pressure on the dollar. We discuss the importance of monitoring price action through the London session into the New York open, waiting for potential liquidity runs and pullbacks before the daily or weekly trend emerges. Learn how the DXY provides vital clues for trading correlated and inversely correlated currency pairs, unlocking potential opportunities across the forex market. Don’t miss these key insights to stay ahead in your trading! Not financial advice.📊✅
TVC:DXY
by fxtraderanthony
Unmasking DXY's Bullish Potential with Volume ProfileH ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile. Regards, Ely
CAPITALCOM:DXYLong
by Elysian_Mind
Dxy longThe US Dollar Index (DXY) has rolled through markets to a fresh two-year high in a volatile Friday. The US Dollar gets additional inflow from flights into safe-havens amid escalating risks in the Russia-Ukraine war. The US Dollar Index popped above 108.00 and fades in the aftermath back to 107.50. The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000).
TVC:DXYLong
by KingForex078
DXY Update and Levelsafter good impulse move to the upside there is certainty of price going into pullback mode because . price recently broken the trend line which was from weekly side so the next liquidity zone is supply from monthly which is 1% away and on other hand price can try to retest the fvg which nearby 0.5% below the current price (105.998) or the round figure 105 can act as support my take - before going to 107 zone price should retrace and get some liquidity from fvg
TVC:DXY
by Jimmy_Rebello
DXY (dollar index) Out lookMy bias for the dollar is that it may start to slow down and experience some pullbacks, likely to fill the imbalances below and capture some liquidity. However, I also see Scenario A playing out, which could push the price upward and continue the bullish trend. Given the current market conditions, I expect these retracements, which also align with my outlook for EU and GU. Confluences supporting my bullish bias on the dollar: - The DXY has been very bullish and has broken significant structure to the upside. - The DXY has surpassed the key psychological level of 105.00. - There is still a lot of liquidity to the upside that needs to be taken. - Clean demand zones are in place, reinforcing my bullish outlook. P.S. Be cautious and watch for the major red news on Wednesday, specifically the CPI event, as it will provide key insight for the forecast. I expect the dollar to retrace ahead of the news, but once it's released, I anticipate the dollar will shoot back up.
TVC:DXYLong
by Hassan_fx
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results. Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
USDJPY 151.950 -0.64% LONG IDEA INTRADAY SET-UPHELLO TRADERS Hope everyone is doing great 📌 A look at USDJPY from MULTI TIME-FRAME ANALYSIS USDJPY 4H TF * Mon. opens strongly bullish with the 7am SAT pushing up but wicking out. * Trading out of a sweep on an long term high. * 4H vi above looking good for targets. * looking for long entries in correlation with the DXY * looking for PO3 rules towards the Downside to continue HIGHER. * The weekly & daily TF show we are still showing signs of a BULLISH move still. * Looking for continuation of this move. * We saw a rally with the bears, strong momentum to the downside. * Looking at the 1H FVG, this is where I would look for long entries this week. * Should this PD ARRAY hold will be LONG for the GJ intraday. * BASED on the price action served. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
6
Near-term Bullish DXY Bias Monthly chart for DXY hints a possible distribution zone formation. As there is a bullish candlestick pattern formed at last month, bullish bias seems to be the higher possible trend for now. Weekly Bullish trend channel formation suggest higher upside is likely, however, last bar doji candlestick pattern suggest indecision. Near-term support and resistance at 100.25 and 106.50. Last Friday bullish bar closes back near Monday's opening reinforced near term bullish bias. Looking forward, next week 5 Nov being US presidential elections day will add volatility to the market. So, price may likely to go the next higher order block area.
INDEX:DXYLong
by savvyacademy
A Bullish Turn: Investors Embrace the DollarA Shift in Sentiment In a surprising turn of events, hedge funds, asset managers, and other speculators have shifted their stance on the US dollar, moving into bullish positions in the week ending October 22nd. This significant shift, totaling approximately $9.2 billion in long dollar bets, according to data from the Commodity Futures Trading Commission (CFTC) compiled by Bloomberg, marks a dramatic departure from the previous week's net short position. A $10.6 Billion Swing This abrupt change in sentiment represents a substantial $10.6 billion swing from the previous week, when traders were actively betting against the greenback. The reasons behind this bullish pivot are multifaceted, primarily driven by a confluence of factors, including stronger-than-expected US economic data and heightened demand for safe-haven assets as the US election approaches. A Recalibration of Fed Expectations A series of positive economic reports released throughout October has forced a recalibration of previously dovish Federal Reserve expectations. The robust economic indicators have raised the possibility of a more hawkish monetary policy stance from the Fed, which could potentially lead to higher interest rates. Historically, a stronger US dollar has been correlated with higher interest rates, making the greenback an attractive investment for global investors. Election-Year Uncertainty As the US presidential election draws near, geopolitical uncertainty and market volatility tend to increase. In such times, investors often seek refuge in safe-haven assets like the US dollar. The dollar's perceived status as a reliable store of value, combined with the potential for increased market volatility, has likely contributed to the recent surge in demand for the currency. Implications for the Global Economy The shift towards a bullish dollar position has significant implications for the global economy. A stronger dollar can negatively impact emerging market economies that rely heavily on dollar-denominated debt. Additionally, it can make US exports more expensive, potentially hindering economic growth. However, for countries with strong economic fundamentals and current account surpluses, a stronger dollar can be beneficial. A Cautious Outlook While the recent bullish trend in the dollar is notable, it is essential to maintain a cautious outlook. The global economic landscape remains uncertain, and a variety of factors, including geopolitical events, trade tensions, and central bank policies, could influence the dollar's trajectory. As such, it is crucial for investors to carefully consider the risks and rewards associated with dollar-based investments. In conclusion, the recent shift towards a bullish dollar position reflects a significant change in market sentiment. A combination of stronger-than-expected US economic data and heightened demand for safe-haven assets has driven investors to embrace the greenback. While the implications of this trend for the global economy are far-reaching, it is essential to remain vigilant and adapt to evolving market conditions.
TVC:DXYLong
by bryandowningqln