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J-DXY

DXY is under 102.00 what now?(08/20/2024)DXY finally hit our target under the 102.00 zone. Since 1 August, DXY has dropped continuously. Right now we are looking for a reversal pattern near the 101.4-101.8 zone. our view has been negated if the price breaks below the 100.650. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
TVC:DXYLong
by fortunamarkets
Levels discussed on Livestream 20th August20th August DXY: Retracing, needs to stay below 102.10 for continuation to downside. Below 101.80 could trade down to 101.45 NZDUSD: Buy 0.6165 SL 20 TP 50 AUDUSD: Buy 0.6735 SL 25 TP 60 GBPUSD: Look for reaction at 1.3040 resistance EURUSD: Could retrace down to 1.1045, Buy 1.1055 SL 20 TP 70 (hesitation at 1.1090) USDJPY: Sell 146.80 SL 40 TP 120 USDCHF: Look for reaction at support level, Sell 0.8540 SL 30 TP 90 USDCAD: CPI Pending, Needs to break support, Sell 1.3585 SL 20 TP 60 Gold: Inverted Head & Shoulder, Broken 2510, could reach 2520, beyond that, 2530!!!
TVC:DXY
by JinDao_Tai
DXY Big Long Momentum Ahead ?!The Dollar Index (DX1!) has been in an uptrend since the spring-summer of 2008, when it reached its lowest point. Since October 2009 (after the first leg down of the uptrend), whenever the net positions of retailers in the CoT report turn negative (or approach zero) AND retailers reach an extreme low in the CoT index (either in the short-term OR long-term), a significant run-up typically follows. Please note that these are weekly charts. The only exception was in June 2020, when the price continued to decline until later that year in December, which ultimately led to a substantial 2-year uptrend. At the same time, the 5, 10, and 15-year seasonality indicators show that we are currently at the bottom, which is expected to last until the end of September, suggesting an uptrend. Additionally, there is a weekly demand zone ahead around 101.400 - 100.320. If enough participants join in, a significant run-up is expected. The fundamentals are in place; we just have to wait and see if the demand zone holds. BE AWARE, this is the Dollar Index, which means all other major currencies, especially EURUSD, will be affected if this scenario plays out.
ICEUS:DX1!Long
by XardasX
1
DXY Bullish this week from 101.200?The DXY is currently in an 8-hour imbalance, which could give us an initial bullish reaction. Although price has already broken structure to the downside and shown strong bearish pressure, I expect this bearish momentum to weaken. Once price reaches the 14-hour demand zone, I will be looking for a stronger bullish reaction back up. If price retraces from either of these zones and moves back to the daily supply, I will then expect the bearish order flow for the dollar to continue. Since this is a clear bearish price structure, any upward movement will likely be short-term and temporary until the daily supply zone is mitigated. This aligns with my analysis for GBP/USD (GU) and EUR/USD (EU), where I'm looking for short-term sells before entering buy positions. Similarly, for the dollar, I'm expecting a small upward move before it continues its decline. Have a great trading week, everyone!
TVC:DXYLong
by Hassan_fx
DXY Will Will Move Higher! Buy! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 102.207. Considering the today's price action, probabilities will be high to see a movement to 103.310. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
2
GOLD → Retest triangle resistance. Next, 2500 or 2400?FX:XAUUSD is strengthening after retesting support at 2440 and false breakdown, heading towards ATH. Buyers are keeping the market from falling, forcing the price to bounce off the local range support. It is worth emphasizing the strong bullish trend and continued retests of triangle resistance, which only increases the chance of a breakout and upside. The gold price has been strengthening since the evening session, despite strong US data (for Thursday) being the latest boost to dollar buying, especially after an inflation report earlier this week that cast doubt on the possibility of an aggressive Fed interest rate cut in September. Special emphasis on looming geopolitical tensions in the Middle East, which continues to support sentiment around the hedge asset Resistance levels: 2464, 2477 Support levels: 2458, 2450, 2440 Emphasis on both the boundaries of the above range and internal levels. If the bulls hold 2458, their further target will be the resistance 2464, the breakdown of which will lead gold to ATH. And in this case the market will start testing 2477 for a breakthrough and growth. If the bulls show weakness, the market may make another attempt to retest the support before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
DXY | Market outlookJuly housing data was generally weak, with building permits down 4.0% to 1.396M and housing starts down 6.8% to 1.238M. The sector is under pressure as the Federal Reserve’s interest rates peak and may begin to decline soon. Yesterday, St. Louis Federal Reserve Bank Governor Alberto Musalem noted that macroeconomic data has strengthened the regulator’s confidence in inflation returning to the 2.0% target, so the adjustment of monetary policy looks timely, adding that the rise in unemployment to 4.3% was due to an increase in labor supply, not a loss of jobs.
TVC:DXYShort
by DCFX-TA
Markets Love the Bulls!!! Close to All-Time HighsS&P pulled back 78% of the fall Nasdaq pulled back 61% of the fall Dow pulled back 78% of the fall IWM pulled back 50% of the fall Impressive rips for 2 weeks of trading for the "buy the dip" community. This week's direction was steady in futures, and gaps higher in indexes from opening to closing bell. I'm keeping the charts as clean and simple as possible. September and October are rarely good months for the markets so perhaps all-time highs are a bit of a stretch, but we're much closer now than we were August 5th when everyone was freaking out. Upcoming news for next week: FOMC Minutes US PMI Jackson Hole (with Powell Speech) My defensive plays are focused through August and September expirations, but I'll likely continue to add hedges if appropriate. Have a great weekend and back at it next week!!!
SP:SPX
by ChrisPulver
Bitcoin's Golden Opportunity Lost? Bitcoin's price has been struggling to gain traction, even as traditional safe-haven assets like gold have surged to unprecedented heights. The yellow metal recently eclipsed the $2,500 per ounce mark for the first time ever, a testament to its status as a hedge against economic uncertainty and inflation. In stark contrast, Bitcoin has been trading sideways, raising questions about its suitability as a digital gold. The divergence between Bitcoin and gold is a stark reminder of the challenges facing the world's largest cryptocurrency. While often touted as a digital equivalent of gold, Bitcoin's price behavior has not mirrored the precious metal's performance. This disconnect has fueled skepticism among investors who once saw Bitcoin as a reliable store of value. Gold's rally is underpinned by a confluence of factors, including geopolitical tensions, inflationary pressures, and a weakening US dollar. These conditions typically drive investors towards safe-haven assets. However, Bitcoin has failed to capitalize on this trend, suggesting that it may not be as immune to broader market forces as many had hoped. Some analysts attribute Bitcoin's underperformance to a combination of factors, including regulatory uncertainty, the ongoing bear market, and the lack of clear catalysts for price appreciation. The cryptocurrency market has been plagued by volatility, and Bitcoin has not been immune to these fluctuations. Despite the recent price weakness, Bitcoin remains a divisive asset. Bullish investors continue to believe in the long-term potential of the cryptocurrency, citing its underlying technology and the growing adoption of digital assets. They argue that the current downturn is a buying opportunity and that Bitcoin will eventually resume its upward trajectory. However, skeptics contend that Bitcoin's price is largely driven by speculation and that the cryptocurrency lacks the intrinsic value of gold. They point to the fact that Bitcoin is a relatively new asset class with a limited track record, making it a risky investment. As the crypto market continues to evolve, the relationship between Bitcoin and gold will be closely watched. If Bitcoin fails to demonstrate its ability to function as a reliable store of value, it could face challenges in attracting institutional investors and gaining widespread acceptance as a legitimate asset class. Ultimately, the future of Bitcoin remains uncertain. While the cryptocurrency has the potential to disrupt the financial system, it must overcome significant hurdles to realize its full potential. Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
OANDA:XAUUSDLong
by bryandowningqln