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DXY monthly forecast ahead of NFP At August’s close, the USD can be said to have performed exceedingly well against its trading partners. The DXY climbed 3.2% over the month. Now it heads into a very important Non Farm Payrolls result, and investors will be looking for clues as to the USD’s next move. The Non Farm Payroll data for August is released on September 2, 2022, and is perhaps more eagerly anticipated than normal. The reasons for this are detailed in Monday's market review Pound and gold head lower before NFP data. The worst performing USD pair over the past month has been the Pakistani rupee (USD/PKR), which fell by more than 8.0%. But this movement against the USD was far from the norm. The movements of other currencies include: GBP/USD, fell by 5.2% NZD/USD, fell by 2.9% EUR/USD, fell by 2.1% AUD/USD, fell by 1.9% USD/INR, rose by 1.4% USD/RUB, rose by 1.7% USD/CAD, rose by 2.1% USD/CHF, rose by 2.5% USD/JPY, rose by 5.3% We can look at the DXY chart on the monthly timeframe to try to ascertain whether the USD can sustain this upside momentum. Thus far, technical analysis is maybe suggesting that the US dollar still has plenty of space to move toward the upside. The monthly candle’s 107.500 resistance area, which is now broken, opens traders to scope out higher levels of resistance including 110.00 and 116.500. The former of which the Dollar index is currently butting up against. Further afield, traders may want to keep the 2-decade high of 120.000 in the back of their mind. Such a lofty prediction is seemingly backed-up by an upcoming US Federal Reserve interest rate decision. On the other hand, traders should be wary as well. The price could also create a monthly pullback as the Williams %R indicator is currently planted in the extreme upper range above 20%, which indicates that the price might be in overbought territory.
TVC:DXY
by BlackBull_Markets
Dollar In ranging, Short expectedNow Dollar index consolidate on108.3-109.3. If breakout then dollar gonna another high to 111.2; If NFP data will negative, Dollar gonna 106.3 and go on. Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price. DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea. Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
TVC:DXY
by mahfuzazim_TA
$Index AB=CD, (C confirmed) Falling WedgeIn my last idea about DXY (see related ideas), I proclaimed that we might have the possibility of the formation of AB=CD pattern owing the accumulating Falling wedge. But we had a variable of point C in AB=CD, we did not know where/when it might appear. After the false break low on Friday and the rejection from bottom it turned out to be a perfect hammer on Daily candle. For now, as a result of the third failed attempt to break the wedge we recognize 107.3 as point C. We can now expect DXY to finally break high and linger on to the yearly resistance one more time. Breaking higher than the red line (109) we will be one step forward to be expecting 112, which is the target price for the AB=CD pattern. Monday open is likely to occur above the wedge so we are beyond the point where DXY might break lower, for now. However, the only variable that remains is the result of the yearly high resistance at 109. If the price manages to break through it, we sure can expect 112 in the succession. Triggers for the move: 1- Hawkish FEDs 2- Result of Jackson Hole Symposium 3- Expected Interest rate hike in September 2022 by The Federal Reserve
CAPITALCOM:DXYLong
by Uzi-Trades-Forex
4
DXY create bullish Rectangle pattern. So, Short sell, long buy In this situation DXY chart Hopefully create bullish Rectangle pattern . So, market need seems to SELL correction at 108.600 & 108.400 support level. Then Market fully BUY to 109.550 & 110.200 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
EURUSD Has Fallen And Can't Get Back UPHere is this week's narrative: 7 Days ago The Fall began. Sunday-Tuesday of every week most assets make their High or low of that week. Afterwards it will tend to trend in the direction of that week's bias. This was exactly the case last week. Friday took out all longs beautifully in the perfectly times NEWS event by the Fed Chair who basically announced that we (The US) would continue to keep printing money from our money machine which caused a huge SPIKE in price. That spike took out ALL Retail traders who tried to swim against the tide of a 7 Trillion dollar ocean. While we Snipers waited patiently for the inevitable drop to be in sync with the Central backs and algorithm that delivers price to the market. That WICK Friday left a foot print the size of Godzilla:) Being that all Buy Side liquidity has been clearly taken out the trend SOUTH is a likely play for this week. Now adding even more drama aka confluence to this scenario the DXY is set up to soar to Mars this week. We know that the DXY is the Ying to the Yang for EURUSD and most US Base Pairs. This objective information makes the case even stronger for a week of selling. As Snipers in the market all we can do is put together the clues that past price action and the fundamentals (news) gives us. No more no less. Plus some subtle information you only acquire through relentless study and consistency of monitoring the chart$. The proper risk management will always keep you in the game until your accounts compound like an oak tree! Fast money doesn't existin this space. But slow and steady always wins the race. As always never over leverage. Trust your trade Set Up. Have Fun! I Am PRo TRADING MADE SIMPLE. & Sensi and Master Jedi Trader Of Sniper Gang! Everybody Eat$
by Master-Jedi-Trader
3
Friday Get Paid Trade for the Weekend!The narrative goes like this: The market has 3 moves 1. Uptrend 2. Downtrend 3. Consolidation It ain't consolidating right now because it has hit the Extreme of its ADR. When this happens there is a 80% chance it will turn around. DBP Signature Double Block Play Entry. Snipe this entry and you just watch price melt into your script like a ice cream cone on a HOT Miami day:) Price will not hesitate to give up the PIP$ because it's exhausted its run North. What goes up eventually will come down. Now let's give the narrative for the DXY: The DXY is the ying to the yang of EURUSD. The DXY had a GAP that it inevitably had to fill. It dropped to fill the gap and is now on the rise to complete the job. (A gap is not filled until its filled BOTH ways #FREEGAME ) When the DXY is going Up guess what EURUSD is doing? Like Young Joc raps "It's Going DOWN!" This explains the drop on EURUSD, Put all of that together and you have your short set up. It's Friday so pull your profits whenever you like and have an incredibly blessed, happy and abundant weekend! As always never over leverage. Slow and steady always wins the race and eventually your accounts will grow like an oak tree. Compounding is Magic. Always trust your trade set up aka Narrative. Give the story line time to develop. Have fun! No other space in the world allows you to break the bank daily:) I Am Pro Trading Made Simple. And also the Sensi & Master Jedi Trader of #SniperGang EVERYBODY EAT$
Short
by Master-Jedi-Trader
5
London Money GrabThe Forex Market weaves a beautiful narrative all about MONEY DAILY! The narrative for this set up simply goes like this: 11 AM pretty much ends the London Se$$ION. At the end of each day we all like to leave compensated for a job well done. The Forex market trading Sessions are no different except they deal in Billions and Trillions of Dollars. By simply identifying the BIAS on the Higher TFs on the asset you are trading you can gauge which way this Grab will go. Today is a down day on EURUSD. In confluence with the DXY which has taking off like one of Elon Musk Rockets:) (But always be careful with his rockets some of them are proven not to make the distance LOL) I digressed... As always Never Over Leverage* Trust your trade set up* Have Fun! I AM PRO TRADING MADE SIMPLE I AM ALSO THE SENSI AND MASTER JEDI TRADER of #SniperGang EVERYBODY EAT$
Short
by Master-Jedi-Trader
4