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DXY Technical Analysis and Trade Idea for Week Beginning 5th FebGiven that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the break above the range and I'm looking at the retrace for a potential entry point. We can see similar opportunities presenting themselves with the EURUSD the AUDUSD etc. in the video we touch on how the market shaped up prior to the NFP release on Friday and we look at a potential trade opportunity. As always this information is intended for educational purposes only and not to be taken as financial counsel.
TVC:DXYLong
by tradingwithanthony
DXY: The USD kept its weekly rise ahead of the Fed's decisionThe dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this month. Dollar demand has been buoyant this month as traders trimmed expectations for when the Federal Reserve will start cutting interest rates due to strong U.S. economic data and reaction from central banks. naughty. The greenback was also supported by escalating geopolitical tensions in the Middle East, which have weighed on risk sentiment amid fears of a broader regional conflict. The US central bank is expected to leave interest rates unchanged, and so the focus will likely be on Fed Chairman Jerome Powell's post-meeting press conference to see if he will signal a cut. Analysts at ING said: “With US data releases - most recently December JOLTS data showing expanding employment opportunities - there appears to be little reason for the FOMC announcement tonight prompted the market to price in well above the current 130 basis point rate cut this year.” in a note. “This would be a neutral/positive development for the USD.” There's more labor data to study on Wednesday, in the form of ADP Private Payrolls for January, ahead of weekly initial jobless claims on Thursday and then broad data on Friday. - viewed monthly salary reports.
TVC:DXYLong
by Chart_MasterPro
DXY Dollar Index Technical AnalysisThe DXY has demonstrated a notable rally on the 1-day (1D) time frame, exhibiting distinct range-bound price action as it operates within a previously established weekly distribution level. The absence of a discernible trend is evident, with the market remaining in a sideways movement for an extended period. With high-impact news events scheduled for later today, Thursday, and Friday, there is potential for a breakout from the current range, presenting opportunities with dollar pairs. It is imperative to clarify that this analysis is intended exclusively for educational purposes and should not be construed as financial advice.
TVC:DXY
by tradingwithanthony
DXY Dollar Index Technical Analysis and Preping for MondayThe DXY is presently confined within a range, evident on both the 1-day (1D) and 4-hour (4H) time frames. Given that it is the end of the week, I am exercising caution about active market participation, considering the customary manipulation observed on Fridays as smart money strategically targets stops, aligning them with the upcoming week's trend. In this video, we evaluate the dollar index and contemplate potential trade scenarios with dollar pairs for the approaching week. It is important to emphasize that this content is intended strictly for educational purposes and should not be considered as financial advice.
TVC:DXY
by tradingwithanthony
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DXY Dollar Index Technical Analysis - Where Is The USD Heading?DXY Analysis: The Dollar Index (DXY) has exhibited range-bound behavior recently, lacking a clear directional bias. While there are bearish undertones, a confirmed downtrend requires a break below the current range followed by a failed retest. This video explores multiple timeframes (monthly, weekly, daily, 4-hour) to identify potential dollar direction in the coming days and week. Given the key role of the dollar in shaping currency markets, its trading action significantly impacts opportunities in other pairs. However, with the current sideways movement, identifying high-probability trades could be challenging, especially considering the increased risk associated with end-of-week volatility and potential stop-hunting activity. Disclaimer: This analysis is solely for educational purposes and should not be considered financial advice.
TVC:DXY
by tradingwithanthony
DXY Technical Analysis and Trade IdeaThe DXY has exhibited a prolonged period of consolidation, while the higher time frame reveals a robust downtrend. In the video analysis, we observe notable price action, identifying a triple top with a spike above, potentially indicative of a stop run, suggesting the likelihood of continued downward movement. Additionally, the video explores the prospect of a break below the current range low, followed by a retest and subsequent failure, presenting a potential selling opportunity. It is crucial to emphasize that the information provided herein is not intended as financial advice.
TVC:DXYShort
by tradingwithanthony
DXY Dollar Index Technical Analysis and Trade IdeaIn this video, we take a close look at the Dollar Index (DXY) on higher timeframes to assess the prevailing bullish momentum and its potential implications for traders. We'll delve into market structure, price action, and explore a potential trade setup. Important Disclaimer: The information presented here is for educational purposes only and should not be construed as financial advice. Trading carries inherent risk, and proper risk management is essential. Capital preservation remains paramount.
TVC:DXYLong
by tradingwithanthony
DXY: Morgan Stanley changes USD forecast to neutral following FeMorgan Stanley updated its outlook for the US dollar, moving to a neutral stance, a significant shift from its previous forecast of an 8% gain in the Dollar Spot Index in the fourth quarter. two of the year. The adjustment comes as a response to the Federal Reserve's recent dovishness and the resulting decline in Treasury yields. The bank recorded a slight decrease of 0.2% in the Dollar Spot Index, causing its currency strategy to be reevaluated. Due to evolving economic conditions, Morgan Stanley strategists have now advised clients to stay away from short positions in the eurodollar. Instead, they recommend shorting the euro against the yen, positioning for potential currency fluctuations in the current market environment. This guide shows a strategic pivot in forex trading, in line with the latest economic indicators and central bank policy direction.
TVC:DXYLong
by Chart_MasterPro
DXY (Dollar) Shorts from 101.300 or 102.000My outlook for the dollar remains bearish, but it's currently in a bullish retracement phase triggered by the reaction at my identified 17hr demand (POI) from last week. I anticipate price to continue its upward movement to eventually reach a premium level. In this scenario, I'll be looking for selling opportunities around the 4hr supply zone or the 14hr supply at the top. While the 4hr supply is still a possibility, it's not the optimal choice for sells due to its location within a trend line that I anticipate being taken out. Instead, I foresee a reaction at the 14hr supply, located within the 0.786 Fibonacci range and having caused a break of structure. Therefore, I'll be patiently waiting for some form of distribution to unfold once the bullish pressure is exhausted. Confluences for DXY dollar sells are as follows: - Dollar is temporarily bearish due to the break of structures on the higher timeframe. - Currently price has reacted off a demand so I can expect bullish pressure to get exhausted. - Price is slowing down foreshadowing a potential wyckoff distribution to play out. - Lots of liquidity still left below in the form of equal lows and trend line liquidity. P.S. Although I am currently bearish on the market, my overall sentiment is bullish. The recent reaction off the 17hr demand might spark an upward rally. Additionally, there's a 9hr demand zone where I anticipate another bullish reaction. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
CAPITALCOM:DXYShort
by Hassan_fx
USD Holds Near 5-Month Low on US Inflation ConcernsIn a fragile holiday trading session on Tuesday, the US Dollar Index remained at 101.6, hovering close to its lowest point in five months. This comes as additional signs of declining US inflation reinforce bets on the Federal Reserve initiating interest rate cuts next year. Published data on Friday revealed that the core PCE index, the Fed's preferred inflation gauge, dropped to 3.2% in November from October's 3.4%, below the anticipated 3.3%. Moreover, Thursday's figures showed weaker-than-expected economic growth in the US for Q3, along with a slight increase in unemployment benefit claims in the recent period. The US dollar trades near multi-month lows against major currencies, facing the risk of further depreciation compared to the yen. This concern amplifies as BOJ Governor Kazuo Ueda stated on Monday that the likelihood of achieving the 2% inflation target is "gradually increasing."
TVC:DXY
by Larissa-Trader
📈🛢️US Oil Daily prediction 🛢️📉TVC:USOIL TVC:DXY Hello Traders. Let's continue our analysis of USOIL. Before we predict next week, let's take a look at oil chart's trend along with the DXY index. The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285) If the price of oil rejects at the level of $77.65, it is likely that the second scenario will occur for the price and vice versa. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
TVC:USOILLong
by CrazyS