USD | USD INDEX Weekly FOREX Forecast: March 10 - 14thIn this video, we will analyze the USD through the USD INDEX (DXY). We'll determine the bias for the upcoming week, and look for the best setups to take.
The USD is bearish, and there is plenty of economic news coming up this week. Should be plenty of opportunities from Tues through Friday.
Short term bullishness, in the form of a pullback, is potentially there. But longer term bearishness is likely to continue.
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J-DXY
Gold XAUUSD Move 03-07 March 2025Technical Analysis & Trade Signal
Market Overview:
Current Price: Around 2,858.140 USD
Trend Analysis:
The price was in an uptrend but recently broke down, indicating a possible bearish reversal.
A key support level was broken, which is now acting as resistance.
Key Levels:
Resistance Zones:
Minor Resistance: 2,900 - 2,920 USD
Strong Resistance: 2,960 USD
Support Zone: 2,780 - 2,800 USD
Trade Signal:
📉 Sell Signal: If the price retests the 2,900 - 2,920 USD resistance zone and rejects downward, enter a short trade targeting 2,800 USD.
📈 Buy Signal: If the price holds support around 2,780 - 2,800 USD and starts moving up, consider a long trade targeting 2,900 USD.
👉 Confirmation: Use additional indicators like RSI, MACD, and volume to confirm the trade setup before executing.
Dollar idex is ready to drop next week are you ready ?This week, the market was slow with little movement. However, starting next week, keep an eye on the dollar. The order flow is showing a strong sell, and the daily chart reveals an FVG that indicates a sell from this level. Additionally, the current low aligns with the monthly FVG level. Trading next week should be exciting!
Gold Bullish to $1,963- 1H TF (UPDATE)Gold Wave 5 (Major Wave Y) moving perfectly as I called for previously! We're seeing a nice push up towards our ATH target of $2,963 which could possibly hit next week.
Because this is the last 'impulse wave' to the upside (Wave 5), price has been moving slow. But that's the way the Elliott Wave Theory works. Last wave moves slow, in order to trap late buyers & sellers.
DXY (Dollar Index) and Pamp/Dump BTC. Markets Cycles.USA Dollar Index + Bitcoin Pamp/Dump Cycles. Logarithm. Time frame 1 week. Minima and maxima of bitcoin secondary trends are shown. Everything is detailed and shown, including what everyone always wants to know. Cyclicality. Accuracy.
This is what it looks like on a line chart to illustrate simple things.
DXY Will Go UP! Buy!
Hello,Traders!
DXY keeps falling down
But the index will soon
Hit a horizontal support
Level of 103.610 and
After the retest a local
Bullish correction
Will be expected
Buy!
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DOLLAR GAINS BUYER AMID NFP BAD DATA??Dollar seems on hold in it's 2.618 fibonacci support after NFP data released. Will it go higher next week?
I see dollar still waiting next data release. I mention JOLTS Job Opening & CPI which both of them crucial in current context of US macro-economy. Strong job opening & CPI means investor and retail trader must be no worries about US macro-economic despite concern about trade war. Otherwise, weak job opening & CPI means labor market and inflation continue cooling down. It will push THE FED to give clear path about their plan for future Interest Rate.
So, dollar could make sideways movement (or even gain buyer) but overall still in bearish momentum. Dollar still driven by concern of trade war and if job opening comes weaker than expected, it could gives more power to seller.
Digesting the US & Canada job numbers The numbers are out and, so far, the market is reacting logically. Let's dig in!
NASDAQ:AMD
NASDAQ:AVGO
NASDAQ:NVDA
MARKETSCOM:GOLD
MARKETSCOM:EURUSD
MARKETSCOM:DOLLARINDEX
MARKETSCOM:USDCAD
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The Dollar's Demise May Not Be Over Just YetThe US dollar index is on track for its worst week in nearly two and a half years. It is also nearly 6% off from the January high, which is similar in depth to the two previous selloffs seen in 2023 and 2024. Yet I do not think we've seen the low just yet, even if there is evidence of a potential bounce on the daily chart.
Matt Simpson, Market Analyst at City Index and Forex.com
Falling towards overlap support?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 103.53
1st Support: 102.36
1st Resistance: 105.62
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The US Dollar Index is Decreasing - Positive for Cryptocurrency#DXY #Analysis
Description
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+ The Dollar Index has breached its support level and is now trading below it, moving toward the next support zone around $100.
+ This development is positive for Bitcoin and the broader cryptocurrency market, as the US Dollar Index typically declines during a bull run.
+ In the long term, I anticipate further declines, potentially reaching the $90 range.
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3.7 Gold short-term non-agricultural comingFundamental analysis
Tariff policy shows signs of easing, but risks have not been completely eliminated
Recently, the United States has postponed the implementation of the auto import tariff plan for Canada and Mexico, which has eased the economic and trade tensions in North America to a certain extent. However, this postponement is not indefinite. More importantly, import tariffs in other countries and regions are still in the process of being prepared or implemented, and potential uncertainties may still erupt again at any time. Driven by a series of previous tariff policy news, gold prices have repeatedly received safe-haven support. Although there is a slight correction at present, it is still near the historical relative high.
Technical analyst interpretation:
Currently, gold is fluctuating around $2,900/ounce. Overall, bullish confidence remains solid, but it also faces a large technical barrier in the short term. The following are several key observation points:
Key levels and support and resistance
Intraday key level: $2,914/ounce
If this position can be effectively broken through, it may attract more bulls to enter the market and pave the way for further impact of $2,934/ounce (R1).
R1 resistance during the day: $2934/oz
If the gold price breaks through this level, the next target will be $2950/oz (R2), and approach the historical high of $2956/oz on February 24. Once it approaches this high again, the market may experience a new round of violent fluctuations.
S1 support below: $2899/oz, coinciding with the $2900/oz mark
This area is a short-term long-short watershed. Once the shorts successfully suppress the price below $2900/oz, the bullish sentiment is vulnerable, and the risk of a short-term correction will also increase significantly. If it effectively falls below $2899/oz, the gold price may continue to fall to $2879/oz (S2), which is another possible long defensive position.
High consolidation and correction risk
From the overall market situation, the gold price has been strong since the end of last year, constantly refreshing the interim highs. However, as the market digests the Fed's expectations of rate cuts, bullish sentiment may be blunted at the current position. In addition, if the ECB or the United States' policy expectations change again, causing funds to reassess the prospects of global economic recovery and monetary policy, gold may also face certain pressure to fall from highs.
Pay attention to the operation of gold prices in the range of $2,900-2,934/ounce: If the bulls continue to fail to break upward, it is advisable to be alert to the potential correction caused by high-level profit-taking; and once the positive news is released, the possibility of gold prices quickly breaking through $2,934/ounce and heading straight to the $2,950-2,956/ounce area cannot be ignored.
DXY will likely bounce here.#dxy the USD Index has dumped , oversold and looks likely wants to bounce here. Bouncing here will give the bullish retest to TVC:DXY .
While #VIX the Volatility Index is very strong now, an impulsive move of #dollarindex will surely damage markets sooner or later. This' not a very short term strategy but short / mid term one. Lowering risky positions will be for your goodness.
Not financial advice. Stay safe.
Greatest Volatility of all times is approaching...#vix the volatility index has been accumulating since covid 2020 crash. In higher time frame, TVC:VIX has broken out in 5th August 2024 and it was just a test!.. Then continued consolidation till this time , also doing the retest. at this zone, accumulation of the 2020 covid crash for a new impulsive wave!..
In lower time frame , several days ago VIX broke out the accumulation zone coming from 5th August and this warns you about your greedy positions my friends. We haven' t seen a real great volatility since covid crash and VIX chart is getting alarming. You' ve been warned. Not financial advice.
Temporary INVALIDATION: If VIX dumps below 13 zone , this will be more secure. Below 10 is the main invalidation.
DXY at a Critical Level – Reversal or Continuation?Welcome back, guys! I’m Skeptic, and let’s break down the DXY.
If you’ve been following my previous analysis, I mentioned that we are currently in a secondary downtrend, and that still holds true. However, it’s wise to gradually reduce risk and secure profits earlier for two key reasons:
1️⃣ We are approaching a critical support zone – the 60% Fibonacci retracement, which aligns with multiple key support levels.
2️⃣ The weekly candle structure – Looking at the weekly chart, we’ve already hit the four-week pivot point, meaning the market could either range here or even start a price reversal.
Interesting stat: So far, this weekly candle is the largest since November 202 2 and the second-largest since March 2020, which signals significant market movement.
4H Timeframe Breakdown
In my last analysis, I mentioned:
🚨 The main short trigger is at 106.188, but depending on momentum, we could potentially enter even earlier on lower timeframes.
Now, 104.250 has already been broken, and the next key support sits at 103.398.
🔹 If you’re holding short positions, this 103.398 level is a great zone to secure profits.
🔹 No new triggers for now – I don’t expect immediate continuation, and as mentioned, we could see a range formation or even a reversal from here.
Let’s see how price action develops. See you in the next analysis! 🔥📉
Gold - 1H TF (UPDATE)Still keeping an eye out for possible buy's in the short term towards a new ATH at $1,963. Pending LQ sitting at $2,955.
But overall, we're bearish in the mid term so will adapt & also keep an eye out for market structure shifting to bearish. Current market structure is very choppy so I know we a lot of buyers & sellers are getting liquidated around this zone.