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Will the hawkish message continue with today's FOMC? Plenty of attention will be on today's FOMC meeting. Traders are looking for a ¾ or point increase from the Fed today, taking rates to 3.25%. This is what the market expects: anything more and USD positive, anything less USD negative. That's a simple look. The projections and the statement will be the key parts traders will be looking at. We all saw the market's reaction to last Tuesday's CPI surprise, and it not only revived the USD but also nailed stock indexes, risk currencies and crypto. Traders will be looking to see any inflation surprises in the projections, what the Fed thinks about the current position, and how far the rates cycle may need to go. If any of these remain on the hawkish side, we could see further gains from the USD and further losses on risk markets, including crypto. Fed funds futures terminal rate has also been raised to 4.5% by April, increasing from 4.0% before last Tuesday's CPI report. Looking at the USD index. If influences continue to support price we could see a new breakout above 110.30 resistance, continuing the current fast trend. The USD index has formed a new HL after the CPI spike got the current fast trend back on track. We want to see resistance beaten to confirm that the trend is truly underway, and a break of the September high would further that confirmation. The Nasdaq has performed the worst out of the three main US indexes since the 16th of August. The NDX100 CFD index, which tracks the Nasdaq, dropped close to 15% since that high. Some short-term support is starting to set up on the NDX100, but if we see hawkish pressure resume, we would be looking for a move back to 11,450, an area that has shown demand back in July. The FOMC projections, funds rate and statement will be released at 2:00 pm EST, with the Press conference to follow at 2:30 pm. We love to hear from you so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
EIGHTCAP:USDX
by Eightcap
DXY New Week MovementTechnical Analysis Chart Update DXY - Dollar Time Frame - H4 " SYMMETRICAL TRIANGLE " Pattern being followed in Short Time Frame and We have a Clear Direction for Sell because it has Completed its break of Lower Trend Line and Retest According to " ELLIOT WAVES " we can see that it has Completed the Impulsive Waves " 12345 " so the Next Moves are Correction " ABC " waves in Bearish Direction If DXY Breaks the Current Level and Retest then : ABC / USD will Rise USD / ABC will Fall
TVC:DXY
by ForexDetective
USD/ DXY INDEX - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). #DXY Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
TVC:DXY
by Tradelikemee
DXY (USD INDEX) MONTHLY SHORTI think we have finished ABC correction and are now in the last part of the X wave. after this X wave, I predict that the USD index will fall to the areas shown. furthermore, we are in the upper area of channel down. Also, I have provided Fibonacci retracement of the ABC wave and now we are in the middle of that wave (50%). In addition, Fibonacci projections of X wave have made a resistance area shown in red! conclusion: I believe USD have very bad days in front of its currency and we may hear bad news about the united states in the months coming. wish the best for all people of the world. God bless us
TVC:DXY
by FardinT
The US dollar as a sheep in wolf's clothingThe printed money supply in the world is currently fed into the systems, consequence high inflation. Supply chains are healing but this might take some months until we're back in the game. Since the FED has no interest in sending the global economy into chaos, interest rate hikes will come to light again in the coming months and even interest rate cuts from 2023. Dollar is king but the revolution is right around the corner. This is just an idea, note that this is not a recommendatin to invest or to trade with US dollars.
TVC:DXYShort
by Lobotto
⭕️US Dollar Index analysis in 30 minutes💥❗️🔰You can see the analysis of the USD index in the 30-minute frame team (US Dollar Index _ 30 min)💣🔍 ✴️Supply and demand zones and ranges of 50% and 61.8% of Fibonacci retracement (purple💜) are shown in the image. If the price reaches the 61.8% Fibonacci range and the specified supply range, we can expect the price to drop to the support line (orange🧡 line). If the price goes under the valley shown with the black🖤 line, you can expect the price to drop to the demand range.🧐❗❗ If the price can reach the top of the specified supply range, it can climb to the next supply range.❗ In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
CAPITALCOM:DXY
by TRADER_STREET
DXY Potential Short Soon!Happy Tuesday Traders, Investors & Gamblers 😃 Today I want to talk about the U.S. Dollar Index . As mentioned in a previous post a couple of weeks ago, DXY is currently at a very strong resistance in a 15 year trend visible on the monthly chart here. 1D U.S. Dollar Index (DXY) 4H U.S. Dollar Index (DXY) Here below I left it all in the charts for you, the key resistance levels and the support levels that are important to confirm a downtrend. 1D U.S. Dollar Index (DXY) 4H U.S. Dollar Index (DXY) I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
TVC:DXY
by DeFeye
UPDATE: MEDIUM TERM OUTLOOK ON THE DOLLARWhat's up trading world! Hope you have been well & taking care of yourself in these uncertain economic times! I am back with another DOLLAR INDEX update, now I did say I would update at the end of June however, with 1st July being a Friday, I wanted to observe how the market plays out so I could give a move comprehensive update! UPDATE: 1. Bearing my previous post in mind, we saw the dollar shoot upwards and this was due to the biggest interest rate hike by the Fed since 1994. Monkeypox cases have also remained small in number which has only boosted the dollar even more. 2. As a result of the above, we saw pattern ABC play out in June (see previous post) where point 'B' illustrated opportunities for optimal buy-entries and these signals were shared with my private community and we were able to have a lovely 1:4 risk-reward trade (+420pips) that smashed through relevant targets! MOVING FORWARD: 1. The dollar doesn't plan on slowing down anytime soon, we will definitely be expecting a rate hike again in July, it is the only way to crumb the inflation and do a hard reset on the debt the US has accumulated. 2. Barring covid & monkeypox cases remaining below 10K per/day, the dollar will continue to soar as commodities continue their much-needed reset. 3. Unemployment (NFP) numbers coming this week will also be a key indicator and although we expect it to be higher than last month, should there be a drop, I don't believe the drop will be extensive enough to stop the dollar's rally. Technical analysis: 1. For optimal BUY-entry opportunities moving forward, wait for pattern ABC to play out, with point-B signalling entry point for buy-trades however, given the strength of the dollar, it might not even retest our daily support but rather continue going up due to strong fundamentals & key institutional traders trade-positions that are pushing the market right now. 2. Whether there is a RETEST or not of our daily-support zone, should the above 'moving forward' conditions happen, expect the DOLLAR index to make its way to $108, a price level it hasn't reached in almost 20 years!! Thanks for reading! Let's take advantage of the markets together! These are generational wealth times that we are living in, don't let them pass you by! :))
TVC:DXYLong
by No-NonsenseFX_
I anticipate US dollar index to loose strength in the days aheadI anticipate US dollar index to loose strength in the coming days. The index has declined so much since May 12 breaking below the 5 May low. From then the index began to correct in a bearish wedge formation which suggest that the bearish momentum is more likely to resume soon. I will keep an eye to the wedge if it gets violated to the bottom I will consider going short with target at the April low around 100.00 key level. Do please support this idea with likes if you find this helpful. I will be thankful.
TVC:DXYShort
by Forexintelligence_NA