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J-DXY

GOLD → Profit taking led to the rally. But it's not all bad... GOLD after the retest of 2430 fell under the selloff, there is no pressure on the price of metal, but the reason may be profit taking amid the selloff in stocks and in anticipation of economic data from the United States. Traders are waiting for US GDP and Initial Jobless CLaims, which will be released at 12:30 GMT. The data may have a medium-term impact on the market, but the whole focus is on PCE, which will be released on Friday. Investors expect the Fed to deliver its long-awaited rate cut in September. In a low interest rate environment, gold's appeal increases. If the data on Friday shows that inflation is slowing down, it will be a good sign for gold. Technically, a correction is forming, with emphasis on 2370, or 2350. Strong support areas that can keep the market from falling. Resistance levels: 2377, 2392 Support levels: 2370, 2355, 2350 The price stops in the zone of 2370-2377 in general it can give some prerequisites for a rebound. If gold can consolidate above 2377, the price may move into the recovery phase, if not, traders may test the liquidity in 2355-2350 before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
8
DXY- False break and strong reversal ahead? Last week, the DXY broke below important horizontal support. However, the next day, the index reversed its losses, followed by a bullish candle on Friday. This created a strong reversal candle on our weekly chart, making us wonder if the initial break was false. Now, the index is consolidating above this important horizontal support. A break above the current lateral consolidation could lead to an upward acceleration. Typically, after a false break, the asset moves in the opposite direction to test the next significant level. For the DXY, this sets a target in the 1.0650 zone.
TVC:DXYLong
by Mihai_Iacob
Sell Gbp/Usd Bearish Flag BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. FX:GBPUSD Key Points: Sell Entry: Consider entering a short position around the current price of 1.2916, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2882 2nd Support – 1.2855 Stop-Loss: To manage risk, place a stop-loss order above 1.2953. 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
43
EURAUD - Monster Move Hey traders, EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves: Wave A= 3 waves Wave B =3 waves Wave C = 5 waves Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which indicates price is going to reverse soon. LONG Setup: - Watch break of 4H 50 EMA for entry - Stoploss : Below 0.382 fib - Targets: 1.70 ( 900 pips ) and 1.78 ( 1700 pips ) Check 4H chart for entry Goodluck and trade safe!
by Tradenessfx
Levels discussed on Livestream 25th July 25th July DXY: Consolidating between 104.20 and 104.40, Break 104.40 could retest 104.60 and 104.80 (GDP Pending). If 104.20 broken, price could retest 104 round number support. NZDUSD: Sell 0.5905 SL 20 TP 40 AUDUSD: Sell 0.6530 SL 20 TP 65 USDJPY: WATCH 152 SUPPORT LEVEL Sell 151.70 SL 30 TP 90 GBPUSD: Sell 1.2850 SL 25 TP 70 EURUSD: Buy 1.0855 SL 20 TP 60 (on DXY weakness) USDCHF: Trading lower, look for reaction at 0.8750 for rebound USDCAD: Buy 1.3850 SL 20 TP 45 Gold: Look for reaction at 2385 resistance level, rejection could trade down to 2365
TVC:DXY
by JinDao_Tai
DXY Is Going Down! Short! Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 104.203. Taking into consideration the structure & trend analysis, I believe that the market will reach 102.622 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
GOLD → False breakdown before the bullrun... ↑ FX:XAUUSD reacts perfectly to the 2390-2400 area, forming a false breakdown with subsequent growth to 2420, but I am now confused by the extremely low volatility.... The calm before the storm.... Gold is bullish on D1, while the dollar index is showing signs that the price may continue its decline in the medium term. Today at 13:45 GMT it is worth paying attention to the S&P PMI at 13:45 GMT and Hew Home Sales at 14:00. The data may revitalize the market, but we need to look at the actual numbers. Technically, gold has a bullish market on H1, but right now I am extremely confused by the very low volatility, which often leads to momentum to one side or the other. Based on the overall situation there is a chance to see a continuation of growth if the bulls hold their defenses above 2400-2405. Resistance levels: 2420, 2430, 2450 Support levels: 2405, 2400, 2392 The price is gradually updating the highs, forming clear support zones. A possible retest of the liquidity area before the subsequent bullrun to 2430-2450. It is not excluded that the price can break the structure and give a strong impulse down to 2370, but at the moment of market analysis there are no preconditions for it Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
19
EURUSD → Change of mood after a false breakout. $ is rising FX:EURUSD on D1 is trading in a strong and neutral sideways movement. SMAs just lay on the horizontal plane, but on H4-H1 a change of market character is forming on the background of growth of the dollar index Overall, the global neutral trend allows trading without much emphasis on the trend as there is none. The price is moving between the range boundaries, which simplifies the technical analysis. On H4 the market is changing its mood on the background of the dollar index growth, which in general can lead to the retest of the support zones and the liquidity located behind them. At the moment the focus is on the lower boundary of the range 1.08-1.082. A retest is possible in the near term, and the liquidity behind the zone could influence a bullish correction before a subsequent drop. Resistance levels: 1.085 Support levels: 1.0816, 1.08, 1.078 S&P PMI and New Home Sales are published today, it is worth paying attention to the news, as positive news for the US may strengthen the fall of the currency pair, while unpredictable news may affect the market in the opposite way Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
4
XAUUSD 23/7/24This week’s gold markup is looking very similar to EUR/USD. We have trendline liquidity sitting under the current lows. We have taken some obvious liquidity, so this could be an early sign that price action may be shifting bearish for a longer-term move. Bear in mind, we have taken all-time highs on gold, as we have across the higher timeframes, meaning that our higher timeframe bias is bullish, and we must, of course, respect that. However, this does not mean we are not going to have a pullback that could last for several days or several sessions, so keeping this in mind is key. Now, if you see on the chart in front of you, there are three separate scenarios that I have marked: 1. Scenario one: We break the bearish 4-hour high, bringing us back into a bullish directional movement. I am looking at the trendline area and the higher timeframe area of supply for possible sell-offs into the lows we have marked on our chart. If we break the 4-hour high, we will be back into a bullish directional bias. This does not mean that the price is 100% going to sell off, as we will be bullish if we do not react at the trendline area and the supply area. I will be looking for the previously created all-time high to be taken and price action to continue the bullish delivery. 2. Scenario two: We continue bearish within the 4-hour selling range that we are currently in. This causes price action to break down, and we will look for the liquidity lows to be taken. This will, of course, give us a deeper pullback on the higher timeframe, and I will then be looking for longs if we shift structure. Stick to your plan and trade what the price is showing you. I hope you all have an amazing week.
OANDA:XAUUSD
by rosshayes
DXY Will Grow! Buy! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 104.330. The above observations make me that the market will inevitably achieve 104.818 level. 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
1
Levels discussed during Livestream 23rd July23rd July DXY: Ranging between 104.20 and 104.40, if price breaks 104.50, Inverted Head and Shoulder, could retest 104.80 NZDUSD: Sell 0.5970 SL 20 TP 50 AUDUSD: Sell 0.6615 SL 15 TP 35 USDJPY: Sell 156.10 SL 30 TP 60 GBPUSD: Bearish Flag: Sell 1.2890 SL 25 TP 110 (Hesitation at 1.2860) EURUSD: Sell 1.0865 SL 20 TP 55 USDCHF: Buy 0.8925 SL 25 TP 75 USDCAD: Buy 1.3790 SL 20 TP 50 Gold: Could retrace higher to 2410, wait for retracement to complete, needs to break 2380 to trade down to 2350
TVC:DXY
by JinDao_Tai
USD Sell-off Sinks to Multi-Month LowsUS Dollar declines eleven of the beyond 14 days- breaks multi-month uptrend / lows USD technical guide hurdle now in view- chance for rate inflection withinside the days in advance Resistance 104.08, ~104.40, 104.90s (key)- Support 103.49/60, 102.74/99 (key), 102.35 The US Dollar Index has plunged for eleven of the beyond 14 days (nowadays could entire 12) with a 3rd weekly decline taking DXY closer to preliminary technical guide. While the medium-time period outlook stays weighted to the downside, we're in search of viable rate inflection into fashion guide simply decrease withinside the days in advance for guidance. Battles traces drawn at the DXY short-time period technical charts into the near of the month. Review my state-of-the-art Weekly Strategy Webinar for an in-intensity breakdown of this US Dollar technical setup and more. Join stay on Monday`s at 8:30am EST. Technical Outlook: In final month`s USD Short-time period Outlook, we mentioned that USD become drawing near resistance at multi-week highs and that, “losses be restrained to the 200-DMA IF rate is heading better in this stretch with a near above 105.seventy one had to gas the subsequent leg in rate. Note that losses underneath 104.15 may want to see matters crumble alternatively quickly- tread gently on a take a look at of this guide IF reached.” The index rallied some other 0.8% withinside the following days with DXY reversing off the 2023 excessive-week near (HWC) at 106.10 into the near of June (intraday excessive registered at 106.13).
TVC:DXYLong
by Chart_MasterPro
EUR/USD Daily Chart - Triangle BreakoutThe EUR/USD pair on the Daily timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the upcoming Days. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0900. Target Levels: 1st Resistance – 1.1083 2nd Resistance – 1.1210 Stop-Loss: To manage risk, place a stop-loss order below 1.0718. This helps limit potential losses if the price falls back unexpectedly. Thank you
Long
by KABHI_FOREX_TRADING
9
DxyHello traders, I’d like to share my opinion on the DXY (U.S. Dollar Index) based on daily and 4-hour analyses. From a fundamental perspective, the dollar may strengthen; however, the upcoming U.S. presidential election could introduce instability. It's essential to exercise caution during this period. Monitor price action closely and consider potential volatility driven by political events. Adjust your trading strategies accordingly to manage risk effectively. If you have any further questions or need clarification, feel free to ask!
TVC:DXYLong
by somayehbasiri
DXY Dollar Index Technical Analysis and Trade Idea👉🔍 We can observe that DXY has been in a bearish trend recently. However, it has experienced a significant move into a key support zone. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
TVC:DXY
by tradingwithanthony
Bearish reversal?US Dollar Index (DXY) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 104.51 1st Support: 104.03 1st Resistance: 104.80 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets