Dxyshort!!!!!!!!!!!!!
⚠️DXY will go DOWN(Short term)⚠️As I expected in the previous post, DXY reached the resistance lines.✅👇
💡If you look closely at the chart, you will notice that DXY is moving in an Ascending Channel .
💡It seems that DXY failed to break the resistance lines.
💡Also, we can see Regular Divergence(RD-) between consecutive peaks.
🔔I expect the DXY will go DOWN at least to the lower line of Ascending Channel.
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Until DXY beats this price, this is just a bear flag!Traders,
The dollar continues its journey down. So, is my H&S pattern still intact? Well, on the weekly it is. Does that count? I think so.
It's not like the dollar has turned the corner here and growing stronger. We are still very much in a downtrend. Even that right shoulder is still valid. And, like I said, on a weekly chart that neckline still holds. Once broken, the dollar is in trouble.
What would invalidate my H&S pattern? Well, if the dollar beats that 50 day moving average and then proceeds to move up and above that 103.53 level with confirmation, I might be wrong and would have to re-evaluate at that point. Until this time, the DXY has formed a classic bear flag and I expect weakness to continue. The weaker the dollar, the more dollars it takes to buy a thing. The more dollars it takes to buy a thing, the higher the prices will go to reflect what is needed. This includes stocks.
Stay tuned as we keep our eyes on this unfolding event.
Stew
What do we expect from the DXY index this week❗️❓🚀The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻.
💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA .
💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a Bear Trap.
🔔I expect the DXY to have a bullish trend this week and ⚔️attack⚔️ the resistance lines.
📚In general, I try to show you all the points of technical analysis on the chart, which also has an educational aspect(I apologize for the busy chart).📚
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY ShortThe DXY US Dollar Index, which measures the value of the US Dollar against a basket of major currencies, has recently experienced a bearish move, declining from the level of 102.500 to 102.750. This analysis will explore the factors contributing to the bearish sentiment and the potential reasons for the index's downward movement in the specified price range.
Dovish Federal Reserve and Interest Rate Expectations:
The US Federal Reserve's monetary policy stance plays a significant role in influencing the US Dollar Index. If the Federal Reserve signals a dovish approach, with potential hints at keeping interest rates lower for an extended period, it could reduce the attractiveness of the US Dollar to investors seeking higher returns. This could result in downward pressure on the DXY Index as market participants seek alternative investments with higher yields.
Global Economic Recovery and Risk Appetite:
As the global economy recovers from the impacts of the COVID-19 pandemic, risk appetite among investors tends to increase. During such times, market participants may shift towards riskier assets and higher-yielding currencies, leading to a sell-off in safe-haven assets like the US Dollar. The improvement in economic indicators worldwide could further dampen demand for the US Dollar, causing the DXY Index to move lower.
Trade Balance Concerns and Geopolitical Risks:
A significant factor affecting the US Dollar Index is the US trade balance. If the US trade deficit widens or there are concerns about escalating trade tensions with other countries, it could weigh on the US Dollar's value. Additionally, geopolitical risks or uncertainties could lead investors to seek safe-haven currencies other than the US Dollar, leading to a bearish move in the DXY Index.
Technical Resistance Levels:
Technical analysis of the DXY Index may reveal the presence of resistance levels around 102.500---102.750. If the index encounters selling pressure at this level due to technical factors or the convergence of key moving averages, it could trigger a bearish reversal, leading to a decline in the index's value.
Inflation Concerns and Fed Policy Response:
Persistently high inflation could lead to concerns about the purchasing power of the US Dollar, prompting market participants to anticipate a more aggressive response from the Federal Reserve, such as raising interest rates. In such a scenario, the US Dollar could face headwinds, resulting in a bearish move in the DXY Index.
Conclusion:
Considering the dovish Federal Reserve stance, improved global economic conditions, trade balance concerns, technical resistance levels, and potential inflation-related uncertainties, the DXY US Dollar Index is likely to continue its bearish move from the 102.500 to 102.750 levels. Traders and investors should closely monitor relevant economic data, central bank announcements, and geopolitical developments to gauge the strength of the bearish trend and make informed trading decisions.
DXY Reversal Anticipation - Short BiasDXY reversal outlook. I believe DXY is still going to go lower.
Possibly another thrust up before the reversal. A new month is about to start so I will be anticipating the monthly Power of 3.
The bias for lower DXY is COT reports of Intermarket assets and the lowest point of DXY falling short of the Weekly FVG. This rally could just be inducing liquidity. There is trendline buyside liquidity way up, but I would be quite surprised if it gained that much strength. If it did, probably a Black Swan liquidity sweep.
The first reversal point could deeper into the Daily FVG that it tapped into, into an old NDOG.
The second reversal point could be at a Weekly Mitigation Block with a lower timeframe Order Block, at or near the 70.5% OTE level.
The third reversal point could be at the highest Daily FVG after taking out an intermediate high.
This is all anticipation. Always wait for confirmation, and always be ok with not being right in your analysis. As ICT says, you can be right in your analysis and still be unprofitable, and be wrong in your analysis and still be profitable. We are here to make money.
EURUSD on the REBOUND on a TRAP DAY!EURUSD is Bullish.
Our 12am Candle dicatates that price is Bullish out of our consolidation zone.
Therefore the Signature entry happens right after 1am. This is also when volatility is injected in the market causing price to MOVE FAST!
Thus the impulse move you see now.
The dxy is falling to fill previous imbalances.
Therefore this long should reach into the 1st standard Deviation - they are 30 pips EACH!
ADR for EIRISD is 68-88-91.5 pips respectively.
Today we aim for the low bearing fruit in the 1st SD. - Price could long as deep as the 3rd or 4th SD.
Happy Trading!
Sniper Trading System.
U.S.Dollar Currency (DXY) 💵Dollar Forecast Loaded with Volatility Potential but Can It Find a Trend?
The Dollar has put in for a significant retreat these past few months, but recent bearish progress has come at a much more reserved tempo
Event risk ahead is dense and may overlap in terms of market-moving potential, particularly between Tuesday’s CPI and Wednesday’s FOMC decision
Market liquidity and seasonal influence will be a critical consideration of trade in the week ahead with the subsequent final two weeks likely to see a significant drain in market depth
From the DXY Dollar Index’s multi-decade peak set back on September 28th, the Greenback has undergone significant retracement. Then again, the tempo of that slide has been much choppier after the charged reaction of the October CPI release (back on November 10th) wore off. To better determine the potential of the world’s largest currency moving forward, it is critical to assess what is the most important motivation for capital flows into and out of the US going forward. On the one hand, I keep a steady focus on the Dollar’s safe haven status, but this more of an ‘absolute’ sentiment role. While the S&P 500 and DXY have experienced an inverse correlation the past six months, the 20-day rolling correlation at present is only -0.38 (inverted but of modest strength). The complication is that the US currency also has a yield advantage – that is heavily speculated upon – and the expectation for significant risk trends is uneven at best. While the week ahead promises/threatens serious volatility potential, the serial nature of its listing will likely work against gaining clear momentum behind a theme and thereby price. That said, expectations for an overloaded docket and seasonal drain will meet a backdrop of high, realized volatility (see the 4-week ATR below). The saying ‘this time is different’ is echoed through the markets for a reason.
While the consideration of the Dollar’s safe haven status is something to always keep in mind, the need for an extreme reading to activate its influence should keep us focused on monetary policy first and recession concerns second. The US benchmark rate is just a quarter percent off the leaders – the Bank of Canada and Reserve Bank of New Zealand – heading into the new week of trade. With the Wednesday FOMC rate decision, it is likely that the US central bank regains its top rank. Economists are forecasting a 50 basis point rate hike that would lift the benchmark to 4.50 percent with Fed Fund futures placing the probability of a half percent increase at 77 percent (the balance calling for a fifth consecutive 75bp move). While 50bp is still a large move, it is a slowdown from the incredible tempo these past six months. What markets will truly focus on the implications for how far – and how fast – the Fed will move in 2023. The so-called ‘terminal rate’ is seen at 5.00 – 5.25 percent reached by May. This will shift a lot of the focus on the Summary of Economic Projections (SEP) which will include official interest rate expectations for the entire year. And, while the markets are pricing in expected rate cuts through the year, the FOMC members have been adamant that they expected to hold the rate after hitting peak.
When looking at the DXY Dollar Index’s chart, the structure looks choppy without much in the way of clear technical guidance – that is likely because it is a composite of major crosses where there is far more trade that would establish the components technical backdrop. For fundamental insight, there isn’t a better representation of the Dollar than EURUSD itself. Beyond its position as the world’s most liquid currency cross, the monetary policy and economic considerations between the two draws lots of contrast. The Fed is set to moderate its pace of hikes to coast to a peak sometime around mid-2023 while the follow through of the ECB’s course is up in the air (the group is not particularly renowned for its messaging). Considering the European Central Bank is also on deck for updating on rates Thursday, EURUSD will see a back-to-back monetary policy update Wednesday to Thursday. That may act to amplify or cool any market movement here depending on the outcome, but rate expectations have been aligning more distinctly to the FX pair when using the EU to US 2-year yield differential as the proxy.
DXY Analysis. Next week plan.Hello Everyone. I want share my idea about USDOLLAR index.
Last week was strong bearish, but this week we saw some correction. it broke Daily resistance last week and this week came for retest. I think present point for short entry is good opportunity. from here i expect movement to 97.8, at this LVL we have weekly support.
This is my 2 scone of price movement.
1 Bullish - price brake given resistance at 101.1 strong, then it coming back slowly for price correction and then going strong up again and brake all resistances.
2 Bearish - from the point what we have at the moment price has rejection and continues bearish trend, coming to weekly support at 97.8 where will be my take profit.
Be patient!
Time to temporarily increase DXY Index (4-hour time frame⏰)DXY is moving in a 🟢 heavy support zone($99.80-$99.44) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
In terms of Elliott wave theory, I expect the end of wave 3 to be complete at the PRZ, so we should look for bullish reversal patterns. As a result, one of the patterns you can see in the 4-hour time frame is the Bullish Engulfing Candlestick Pattern .
🔔I expect the DXY to have a temporary uptrend to the 🔴resistance zone($101.30-$100.82)🔴 in the coming days.
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$POGAI - SWING LONG Another great Long setup here with a nice SL R/W is high.
Experienced traders only, take caution on overall market, bitcoin looks ready to launch, especially after massive shorts piling up, I believe POGAI next leg up setup is near, play accordingly gents.
Falling Wedge setup...
I'm in.
NFA