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J-DXY

US Dollar Index Climbs to 101.00 as Powell Signals Rate CutsThe US Dollar Index (DXY) has risen close to the 101.00 level following remarks from Federal Reserve Chair Jerome Powell, who indicated that future rate cuts would be implemented gradually. This rise comes as no surprise, as the DXY has rebounded from a key demand area that was previously identified. According to the Commitment of Traders (COT) report, retail traders remain extremely bearish on the US Dollar, while institutional investors—often referred to as "smart money"—have shifted toward long positions, further supporting the currency's strength. This bullish sentiment in the US Dollar is reinforced by the fundamental backdrop. Today, the release of the ISM Manufacturing PMI and JOLTS Job Openings reports could further fuel the DXY’s upward momentum. A positive outcome from these key economic indicators would indicate continued resilience in the US economy, bolstering expectations for the Fed to maintain its gradual approach to rate adjustments, which in turn supports the USD. The ISM Manufacturing PMI is a key gauge of the health of the manufacturing sector, and a strong reading would reflect ongoing economic expansion, likely pushing the DXY higher. Similarly, the JOLTS Job Openings data provides insights into labor market strength, and a robust figure would further cement the case for a stronger US Dollar. Technically, the DXY’s recovery from the demand area, combined with the shift in institutional positioning, points to a sustained bullish outlook for the US Dollar. With smart money moving to the long side and retailers still bearish, the DXY could continue its climb, especially if today's economic data aligns with market expectations. In conclusion, the US Dollar Index is experiencing a bullish run following Powell’s comments on gradual rate cuts, and the momentum is likely to be reinforced by positive ISM Manufacturing PMI and JOLTS Job Openings data. As retail traders remain bearish and institutional investors shift toward the long side, the DXY could see further gains in the near term, particularly if economic data supports the Fed’s cautious but optimistic outlook.
TVC:DXYLong
by FOREXN1
7
DXY Sell this Oct-Nov dead-cat-bounce and target 97.000.Last time we looked into a such a long-term (multi-year) time-frame on the U.S. Dollar Index (DXY) was 10 months ago (December 15 2023, see chart below) where we gave the most optimal buy entry at the time: We now take it to the 1M time-frame where the long-term trend gets more clear and the pattern as you can see is a Channel Up since the March 2008 bottom (U.S. Housing Crisis). The most recent Higher High was back in September 2022 and since then the index has been on a decline in an attempt to form the bottom on the Higher Lows trend-line of the Channel Up. As you can see, we are in the later stages of this (multi-year) Bearish Leg but last month (September) it hit its 1M MA50 (blue trend-line) for the first time since January 2022 and held it. This is expected to delay the Lower Low for a while but most likely won't invalidate it as if it closes a 1M candle below it, we expect to test the bottom by Q2 2025. Both the Bearish and Bullish Phases seem to be consistent within this 16-year Channel Up, having a fair degree of symmetry. The Bearish Phases have previously come in the form of successive Channel Down patterns (dashed), so if this analogy continues to hold this time also, we should be half-way through the second currently. All those Channel Down patterns dropped to at least the 1.236 Fibonacci extension from the first pull-back they had. This consistency is remarkable. Such pattern suggests that after the current rebound is completed (technically it shouldn't exceed the 1W MA50 (red trend-line), the price could decline to 96.000. Our Target is a bit higher at 97.000, which would make an ideal Higher Low on this 16-year old Channel Up. After that, the confirmation to buy (which naturally will tell us that the bottom is already in) would be a 1M MACD Bullish Cross below the 0.0 mark. As you see, this took place 5 times these 16 years, all of which have been excellent buy entries with the lowest risk possible. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
3
Levels discussed 2nd October2nd October DXY: Consolidating, could retrace to 101.10 (23.6%), looking to break above 101.40 and trade up to 101.80 (stay above 100.90 to maintain bullish) NZDUSD: Sell 0.6265 SL 20 TP 55 AUDUSD: Sell 0.6860 SL 20 TP 40 (forming H&S pattern) GBPUSD: Sell 1.3240 SL 30 TP 80 EURUSD: Sell 1.1045 SL 20 TP 40 USDJPY: Could continue ranging, Buy 144.80 SL 40 TP 120 USDCHF: Sell 0.8470 SL 15 TP 55 USDCAD: Buy 1.3475 SL 20 TP 60 Gold: Could trade up to 2665, could be held briefly along bearish trendline.
TVC:DXY
by JinDao_Tai
GOLD → Bulls are trying to hold their defenses above the SMAFX:XAUUSD is forming a sideways range, within which it strengthens to 2673 with subsequent retracement and retest of SMA 200 & 50. Buyers are trying to hold their defenses above this area with the aim of further growth.... The complicated situation in the Middle East continues to escalate, which keeps the gold price from falling amid the rising dollar. Any de-escalation of the conflict (Israel's inaction on Iran's measures) could increase selling pressure... Nevertheless, the US employment change data from ADP as well as the Fed's speech will be the next important events for the US dollar and the gold price. Any hints of interest rate cuts will be viewed favorably... Technically, emphasis on 2665 resistance - if the bulls can consolidate above this zone, gold could go for a retest of ATH. Also - emphasis on 2643. A break of the support will reinforce selling. This could take the price to 2625-2600. Resistance levels: 2665, 2673, 2685 Support levels: 2643, 2625, 2515 Bullish trend. Gold is not going to update the lows. The bulls are trying to consolidate above the SMA. Signs that the price is ready to grow. BUT, it is possible that unpredictable signs may appear in the market, which may lead to profit-taking and correction. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
DXY (Dollar Index) Technical Analysis and Day Trade Idea👀 👉 The DXY (Dollar Index) recently shifted into a bullish structure on the 4H timeframe, with price now approaching a key resistance level. This could present a potential short day trade opportunity. In this video, we analyse the DXY in detail, reviewing the trend, market structure, and price action, while exploring a possible trade setup. Disclaimer: Forex trading carries significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and does not constitute financial advice. 📉✅
TVC:DXY
by tradingwithanthony
1
Sell GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3382 Target Levels: 1st Support – 1.3312 2nd Support – 1.3265 Stop-Loss: To manage risk, place a stop-loss order above 1.3440. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
41
Will the escalation of the Middle East tension boost the dollar Macro theme: - The dollar strengthened after Fed Chair Jerome Powell struck a more hawkish tone last week, scaling back traders' expectations of another 0.50% rate cut at the next meeting. - The safe-haven demand following the possibility of Middle East escalation boosted the dollar. - The US Aug JOLTS data showed 329,000 more jobs, indicating a more robust labor market than anticipated. Technical theme: - From the 4-hour chart, DXY broke its Wedge pattern and closed above both EMAs with the golden cross. This indicates a potential recovery from its previous sideways-down trend. - If DXY breaks above 101.33, the index may strengthen to retest 101.80 resistance confluences with its descending trendline. - On the contrary, DXY may retest 100.90-101.00 before upward movement. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
TVC:DXYLong
by DatTong
Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 143.77, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 142.13 2nd Support – 141.26 Stop-Loss: To manage risk, place a stop-loss order above 144.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
11
GOLD → MA-200 False Breakdown. Will the growth continue?FX:XAUUSD is testing the support of 2625 forming a false break of SMA-200 as part of the correction. The range boundaries are confirmed and the market, after retesting the support, changes its target... Globally and locally the trend is bullish, this is facilitated by the situation in the Middle East, which is becoming more complicated every day.... In addition, US dollar buyers took a breather before the news, and US Treasury yields reversed the previous rise amid deteriorating risk sentiment, which limited the decline in the gold price. Traders await PMI from ISM, and JOLTS survey data, which could signal a further cooling of the US labor market Yesterday Powell said: - Fed in no rush to cut rates quickly, will be data-driven. If the economy is as expected, two more 0.25% cuts are possible. Accordingly, the course of interest rate cut st Support levels: 2643, 2634, 2624 Resistance levels: 2659, 2673, 2685 Gold still enjoys huge interest. Buyers are defending key support zones. A change of sentiment is forming and I would expect a continuation of the rise from the key support zones towards the zones of interest at the moment. The news may increase volatility and form a shakeout.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
4