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Dxylong

DXY Index Can Go Up by Classical Technical Analysis Pattern🚀🏃‍♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢. 📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern . 🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢. 🔔I expect the DXY Index to rise to at least the 61.8% Fibonacci level and Resistance lines . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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
9
DXY (U.S. Dollar Index): Potential Upside Breakout on 4-Hour 📈The DXY has completed a target of a previously identified channel pattern on the 4-hour timeframe. A double bottom formation has emerged near the channel's support level. ➡️Analysis: A retest of the double bottom's neckline (around 103.318) is anticipated. A bullish breakout scenario is developing, with a potential upside move towards the target at 104.992 if support holds at the retest area. ➡️Key Levels: Support: Double bottom neckline (103.318) Resistance: Former channel resistance (104.992) ➡️Overall Bias: Bullish based on the double bottom formation and potential breakout from the channel pattern.
TVC:DXYLong
by UnknownUnicorn6353257
DXY FORECASTMARKET PHASE TVC:DXY is in a weekly uptrend with a daily timeframe corrective structure taking place. AREA OF VALUE We can expect a buildup of liquidity (sell stops, shorts, stop losses) below the Feb 20, 2024 daily swing low. On the 4H timeframe, we are already seeing buying pressure taking place below the Feb 20, 2024 daily swing low. TRADE Wait for a violent break and close above the Feb 21, 2024 daily swing high and a pullback into the liquidity zone before going long.
TVC:DXYLong
by Mankz
Analysis of Dollar Index and Gold Prices in 12-Hour TimeframeLooking at the chart, we can see that the Dollar Index is approaching a very strong and significant support level, while Gold is facing a crucial resistance level and is below a descending trendline! We know that the Dollar Index and Gold have inverse trends! This means that as the Dollar Index goes down, we can expect Gold to rise, and vice versa! Now, what conclusions can we draw from this analysis?! Today, we also have some important news that could impact both pairs! We know that the Dollar Index may start moving upwards from its significant support, and Gold may see a downside movement from its current resistance! However, we should be mindful that based on the news, there is a possibility of a stophunt! This means they might trigger some significant moves in both pairs and then reverse their direction. 📉📈
OANDA:XAUUSDShort
by ChartSavant
DXY H1 / BULLISH MARKET STRUCTURE SIGNAL => 📈✅ Hello Traders! This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will execute this trade. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:DXYLong
by GoodTradeST
1
DXY Technical Analysis and Trade IdeaTechnical Outlook: - The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend. - Recent price action indicates a retracement to a significant daily (1D) support zone. - This technical setup presents potential buy opportunities in line with the prevailing bullish bias. Trade Suggestion: - Entry: Consider long positions upon confirmation of bullish trend shifts on a lower time frame at the current support level. - Targets: Aim for 105, 105.5, and 106 as price objectives. - Stop-Loss: Strategically place stop-loss orders below the immediate support to manage risk. Important Disclaimer: This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.
TVC:DXYLong
by fxtraderanthony
DXY long The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in the chart and keep up with the latest market movements with news, advice pieces, and the dollar index forecast. The U.S. 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). Over the last few months especially, there’s been a lot of focus in the world of Currency Trading upon the state of the US Dollar. No matter what your opinion is of the Greenback, it is still, without question, regarded as the world’s primary reserve currency and holds its weight of recognition across the board.
TVC:DXYLong
by JohnHarry_7
DXY at crucial pointHello Birdies, DXY was in range since 2014 and in doing so create a bullish rectangle pattern. Which had a breakout in April 2022 now we are about to have a retest of the pattern. If this is a success and we get a bounce from here it means bearish for indices and crypto. Now if we see it from smart money concept we see that. There is a monthly and weekly block above untested And DXY also created an Inducement which is a term used by ICT to mention that there is a FVG above which will be taken Means price will revet back to take liquidity so this gives strength to retest
TVC:DXYLong
by BlackBirdTrading
8
Bearish Continuation on EURUSD Towards 1.0700EURUSD has recently encountered resistance at two critical supply levels – the previous monthly low and the low from two weeks prior. This rejection suggests a bearish sentiment, setting the stage for a potential bearish continuation. Our analysis, based on our framework, indicates selling opportunities in the EURUSD pair. Technical Analysis: The rejection at key levels and the subsequent failure to breach resistance points toward a potential bearish movement in EURUSD. The recent price action aligns with our 1-2-3 price action framework, signaling a selling opportunity. Discounted DXY Levels: The US Dollar Index (DXY) has experienced a pullback to a key level, providing a favorable discount area to plan the EURUSD trade. This alignment with DXY's movement enhances the bearish case for EURUSD. DXY Target and EURUSD Projection: Our previous DXY update highlighted a bullish stance, reaching a 1:1 target before pulling back to a key level. If DXY holds these levels, we anticipate a continuation towards its target. This scenario could drive EURUSD lower, aiming for the 1.07300-1.0700 range. Trade Plan: Monitoring the market dynamics, we are prepared to initiate a bearish continuation trade on EURUSD if the conditions align. As always, our approach remains adaptable, and we will let the market guide our decision-making process.
Short
by elevated-fx
DXY 103.523 +0.06% LONG IDEA MTF BREAKDOWN 🐮🐮📌HELLO TRADERS Hope everyone is doing great 🛑 A look at DXY ahead of the WEEK 📌 DXY WEEKLY TF * Bulish sentiment still in play on the weekly TF * Violated the bearish FVG * Tested and rejected from this PD ARRAY * POSIBLE BULLISH CLOSE FOR OUR WEEK DXY D TF * Looking at DXY from the DAILY TF we see a break BELOW (SSL) which are Monday lows. * Swept SSL but traded back into the range with some bullish momentum. * If we see momentum back into the range i would be looking for long. * Looking for long on the DXY because we do not have a bearish body closure. * & we are still in an indecisive state, in wick city as well. DXY 4H TF * On the 4h alike, indecisive momentum in play. * Retracement into some of the internal LIQUIDITY . * looking for some retracement into PD ARRAYS ( FVG + OB & balance price range) * & should they hold looking for continuations with the bulls. * Violation of the FVG signals bullish momentum and some confirmations DXY 1H TF * Monday LOWS taken. * Possibly signaling a bullish week ahead. * might see a SEEK & DESTROY PROFILE 1. IRL - ERL 2.Looking for LQ RUNS. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & 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!
TVC:DXYLong
by PULEMokhothu
Bullish Continuation on DXY Towards 105.400The US Dollar Index (DXY) has shown signs of a potential bullish continuation after breaching and closing above the previous week's high, overcoming a significant supply level at 102.750. This bullish momentum followed a two-week consolidation period, indicating a potential shift in the market sentiment. Last week's bullish close and the successful breach of the key supply level suggest underlying strength in the DXY. The week started off pretty volatile with price action on Monday reaching 104.600 before starting to dip lower. Anticipating higher prices, we are closely monitoring potential retracement levels for a strategic entry. Possible Retracement Levels: There is a possibility that the DXY could trade lower to gather new liquidity between the levels of 104.00 and 103.600. This retracement could serve as an opportunity to enter a long position, provided the DXY regains strength at these levels. Trade Projection: If the DXY retraces to the identified levels and shows strength, we anticipate a long position towards 105.400 and beyond. This projection aligns with the overall bullish sentiment in the market. Pairs to Watch: For potential longs, we will be monitoring USD/JPY and USD/CAD, seeking key levels for strategic entry points. Conversely, for shorts, we will be observing EUR/USD, GBP/USD, NZD/USD, and AUD/USD for potential setups. Effective risk management is crucial in this trade idea. Establishing appropriate stop-loss orders and position sizes is essential to protect against unexpected market movements.
TVC:DXYLong
by elevated-fx
1