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DXY mini wave Upward(06/18/2024)DXY has a strong upward momentum. in the last few days DXY TVC:DXY faced a minor correction. right now DXY has broken the correction trendline and is possibly heading to make a new high. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
TVC:DXYShort
by fortunamarkets
DXY Weekly Out look 16 June 24Monthly: Price has been taken the PML & April Low liquidity, Now its momentum is up side towards the M-BSL- 106.200. Monthly Bias: Bullish Weekly: Price has closed upside forming a W-VI from the previous week opening, a W-MSS+ has been formed. So the weekly momentum is bullish in weekly level, but as there is a W-VI in the upcoming week the price could a give a shallow reverse to the VI then the actual move will be formed. In the weekly level the upside target is 106.169. Weekly Bias: Bullish Daily: The price has been coming from the Daily OB from bellow, it already formed a body closer in the weekly Imbalance, & the price has been taken the D-BSL up side, so as the daily level BSL has been taken so in the up coming week the price could give us a shallow pull back towers the D-OB-CE then it will move upwards. Daily Bias: bullish
CAPITALCOM:DXYLong
by Trader_PKR
DXY Bullish rallies from 105.200 or 104.400The bias for the dollar is to continue its bullish trend. We have seen a change of character on the higher time frame followed by a break of structure, confirming the upward movement. There are also equal highs above the current price that need to be swept. Due to recent bullish momentum driven by news, the price may be exhausted. At the start of the week, we might see a drop in price as it mitigates a demand zone. Once the price taps into one of these marked demand zones, I expect a bullish reaction. P.S. Once the price moves up, it may react to the 8-hour supply zone, causing a temporary sell-off. However, I won’t be surprised if this zone gets violated due to the liquidity pool sitting above it.
TVC:DXYLong
by Hassan_fx
DXY monthly Price analysis 3 June 2024Monthly Chart: The price has rejected from the monthly OB then, It created a M-MSS. Now month of June the price has goin bellow the TMO before the NFP week. So we could anticipate that rest of the month the price will go upward. Monthly Bias: Bullish Weekly Chart: The price is going down towards the PML W-SSL. There are W-FVG along with W-BPR & W-OB which might work as a resistance. If we have any H4-MSS+ after the NFP news events from those W-PDA's then our weekly Bullish Bias will be confirmed.
PEPPERSTONE:USDXLong
by Trader_PKR
DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃‍♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone . 🔔I expect the DXY Index to rise to at least the Resistance line . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
5
Expectations for the US Dollar Market from May to August 2024Expectations for the US Dollar Market from May to August 2024 May to Early July 2024: The US dollar is anticipated to remain strong, with the market reaching a high of 108.459 by July 1, 2024. First Three Days of July 2024: After peaking, the dollar is expected to decline, potentially dropping to 105.785 by July 25, 2024. Stay updated with our forecasts to navigate the US dollar market effectively. Keywords: US dollar forecast, USD market trends, dollar strength 2024, USD predictions, currency market analysis, USD outlook May to August 2024, forex trading, financial forecasts, USD high and low, July 2024 USD predictions. Feel free to share your thoughts and join the conversation on the US dollar market outlook.
TVC:DXYLong
by xcherroudx
DXY Price analysis 4th May 2024Monthly : The price has already created the MSS(M) in monthly, & there is Monthly BSL situated in 107.354. So I'm Bullish In monthly. If we have any bulish PDA in Daily our M-Bullish bias will be confirmed. Monthly Bias: Bullish Daily : In daily chart the price has been create the Daily MSS after taking W-FVG+ & the price has been tested the D-FVG+, so in the up coming week we are going towards 107.354. So if we have any H1- Bulish PDA formed then our Bullish Bias will be confirmed. Daily Bias: Bullish H1: Price has been closed above the D-FVG+, there could be 2 scenarios in H1. 1. The price will be taking the resent low, 104.598, gives a closer above 105.159 with a decisive upside move. 2. From this point the price will go upside with decisive move & closed above 105.228. Then the bullish Bias will be confirmed.
PEPPERSTONE:USDXLong
by Trader_PKR
DXY & GBPUSD: Addressing Inefficiencies 📉 | Friday OutlookGreetings Traders! Join me in today's video as we delve into an in-depth analysis of GBPUSD and DXY, exploring key expectations for today's trading session and summarizing this week's trends. This analysis is crucial as it sets the tone for next week's trading as well. We've reached a critical juncture on both the DXY and GBPUSD charts, making it essential to understand what lies ahead. What do you think will be the major market mover going into next week? Stay tuned for valuable insights, and don't hesitate to leave any questions or comments in the section below. Happy Trading, The_Architect
by The_Archi-tect
Fundamental Analysis of the US Dollar The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm. In trading, EURUSD and GBPUSD can be sold at a higher price first. Wait for the market to fall. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
TVC:DXYLong
by AA_Jack
DXY likely go up by rise in inflationwe believe The DXY TVC:DXY will rise after inflation data. in the technical term we can see a 5-wave impulse pattern and an ABC correction after that we may see another 5-wave upward momentum. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
ICEUS:DXYLong
by fortunamarkets
DXY's Final Leg: Charting the Course to 106Recent Achievements: DXY has reached our previously set targets as mentioned in DXY Descent Alert: Path to 102.800 - 102.280 . Post-achievement, the focus was on determining the subsequent direction of DXY. Trend Line Breakthrough: Following its last ascent, DXY broke through the monthly trend line, a detail observable in our previous analyses, peaking around 104.500. Correction Wave Insight: This movement suggests that the correction wave, initiated at 100.617, is not yet complete. It merely finished its first leg at 104.976 and is on course to complete the third leg around 106, manifesting a complex WXY correction wave. Detailed Wave Analysis: Formation of Wave W: The journey from 100.617 to 104.976 forms the W wave, which is a wxy wave in itself. Main Wave X: A descent to 102.358 represents our main Wave X. Progress into Wave Y: Wave Y's first leg has concluded, characterized by 5 waves that shape Wave A from Y. DXY is currently descending to form Wave B, which, in the primary scenario, is expected to end around 103.800-103.500. Subsequently, Wave C would propel DXY towards approximately 106, completing a Zigzag correction. Potential Corrections: If Wave B extends deeper, a flat correction might conclude around 105-105.500, leading to a truncated Wave Y, or progress into a more complex correction. This scenario could result in a nested wxy pattern, similar to the main Wave W, aiming for the 106 mark. Observations & Next Steps: Continuous monitoring will be in place, with a commitment to providing additional analyses should there be any significant developments. Post-Correction Predictions: After completing its correction wave, DXY is anticipated to experience a downturn. Further analysis will be conducted to identify new targets at that juncture. Invalidation Criterion: A key invalidation point would be the breach of the price channel. It is always prudent to await retests before drawing conclusions. Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
TVC:DXYLong
by ahmadsaad83
DXY Index is Ready to Fill GAP🚀🏃‍♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone. 🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside the descending channel . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect the DXY index to Gp UP to at least the 🔵 GAP($106.613-$106.504) 🔵after breaking the upper line of the descending channel . ❗️⚠️Note⚠️❗️: If the DXY index can break the lower line of the descending channel, we can expect the DXY index to drop more. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
1
DXY : Why does a stronger USD pose many risks?As US growth remains strong and expectations of the Fed cutting interest rates gradually decrease, capital has poured into this country's market and the USD has increased, specifically 4% this year and shows no signs of stopping. . This situation is made even more difficult by the influence of other countries. By the end of 2023, the US economy had grown by more than 8% compared to the end of 2019. Meanwhile, the UK, France, Germany and Japan had grown by less than 2%. USDJPY record high. EURUSD dropped to 1.07 from 1.10 USD at the beginning of the year. The market even predicts that the pair will reach parity early next year. If Donald Trump wins in November, there will be many problems. A strong dollar tends to increase the price of US exports and lower the price of imports, increasing the persistent US trade deficit, which has been a nagging problem for Mr Trump for decades. Robert Lighthizer, who designed the tariffs against China while Mr. Trump was in the White House, wants to weaken the USD. President Joe Biden has not made any statements about currency, but the strong USD also makes it difficult for his plans. However, a strong USD will benefit exporters whose costs are denominated in other currencies. But high US interest rates and a strong USD have also created imported inflation, which has been exacerbated by rising oil prices. Additionally, companies that have borrowed in USD face tougher repayments. On April 18, Kristalina Georgieva, head of the IMF, warned about the impact of these developments on global financial stability.
TVC:DXY
by SantaTradeGold
DXY Next move!(4/22/2024)In our last analysis, the DXY TVC:DXY continued its upward movement. actually due to geopolitical crisis, the market was betting on stronger dollar. We believe that this week is going to be calm and slow market. we are still bullish on US dollar. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
ICEUS:DXYLong
by fortunamarkets