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DJ FXCM Index

DOLLAR_INDX,DXY H4 15 March 2024💵 DOLLAR_INDX, H4 💵 15 March 2024 The Dollar Index, tracking the greenback against a basket of major currencies, rebounded on the heels of better-than-expected inflation figures. The robust data prompted heightened expectations of rising interest rates, leading to a resurgence in US Treasury yields. According to the US Bureau of Labor Statistics, the Producer Price Index (PPI) for the previous month saw a significant increase from 0.30% to 0.60%, surpassing market forecasts of 0.30%. Additionally, Initial Jobless Claims reported by the Department of Labor came in at 209K, better than the expected 218K, signalling continued strength in the labour market. The Dollar Index is trading higher following the prior breakout above the previous resistance level. Suggesting the index might enter overbought territory. Resistance level: 103.75, 104.50📉 Support level:103.05, 102.40📈
TVC:DXYLong
by top_fx
XAUUSD Technical Analysis 14th March 2024 1h chart– Thursday Daily candle closed Bearish at 2162.200 closing above recent Daily Support formed on Wednesday 13th March 2024. I’ll be looking for potential Buys above 2167.500 targeting Daily Resistance formed on 14th March 2024 around 2174.500 and next Daily Resistance formed on 12th March 2024 around 2182.500. I’ll be looking for potential Sells below 2157.000 targeting 1h previous Resistance formed on 7th March 2024 around 2149.400 and next 1h Strong Support formed on 6th March 2024 around 2141.200. High Impact News ahead of the New York session for the US Dollar which may bring volatility to the market before the Weekly candle closing.
OANDA:XAUUSD
by SalimFX20
DOLLAR_INDX,DXY H4 14 March 2024💵 DOLLAR_INDX, H4 💵 14 March 2024 The Dollar Index retreated from resistance levels as market participants absorbed higher-than-expected Consumer Price Inflation (CPI) data, prompting profit-taking strategies ahead of upcoming US economic releases. Attention now turns to pivotal Producer Price Index (PPI) and retail sales figures for insights into the economy's trajectory and potential interest rate adjustments. The Dollar Index is trading lower following the prior retracement from the resistance level. Suggesting the index might extend its losses. Resistance level: 103.05, 103.70📉 Support level:102.55, 102.10📈
TVC:DXYShort
by top_fx
1
S&P 500 INTRADAY LEVELS FOR 14/03/2024BUY ABOVE - 5170 SL - 5160 TARGETS - 5178,5188,5200 SELL BELOW - 5160 SL - 5170 TARGETS - 5150,5140,5122 NO TRADE ZONE - 5150 to 5178 Previous Day High - 5178 Previous Day Low - 5150 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
XAUUSD Technical Analysis 14th March 2024 1h chart– Wednesday Daily candle closed Bullish forming Daily Support around 2158.400. I’ll be looking for potential Buys above 2180.000 targeting 4h Strong Resistance formed around 2186.700 and 30min Resistance around 2193.300. I’ll be looking for potential Sells below 2169.800 targeting 1h Support around 2163.300 and 4h Strong Support around 2156.800. High Impact News ahead of the New York session open for the US Dollar which will bring some volatility to the market.
OANDA:XAUUSD
by SalimFX20
DXY is turning bullish short term.The U.S. Dollar Index is coming off a three day rebound after the 1D RSI almost touched the oversold (30.000) level. Even though the 1D technical outlook is bearish (RSI = 35.930, MACD = -0.200, ADX = 51.582) this small reaction is most likely the start of a counter trend rebound like late June 2023, which reached the 0.5 Fibonacci level. Consequently we are taking a short term long, targeting a little over the 0.5 Fib (TP = 103.800). For the past 14 months, DXY has been basically consolidating. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYLong
by InvestingScope
1
DXY Is Ready To Resume Lower: Elliott Wave Intraday AnalysisUSDollar Index - DXY is falling due to lower US Yields and we have been talking about that in the previous articles. There can be actually room for much more weakness, but on the intraday basis, we see room at least for one more leg down towards 102.00 level or lower. We have seen some intraday recovery recently, but looks like a clear corrective movement in wave (4) from Elliott wave perspective, which can now send the DXY lower for wave (5).
ICEUS:DXYShort
by ew-forecast
DOLLAR_INDX H4 13 March 2024💵 DOLLAR_INDX, H4 💵 13 March 2024 The Dollar Index, consisting of major currencies, surged following the release of robust US inflation data. February's consumer price growth exceeded expectations, indicating persistent inflationary pressures that could complicate the Federal Reserve's rate decisions. Headline US consumer prices rose by 3.2% annually, surpassing forecasts of 3.1%, while core CPI data climbed to 3.8%, exceeding economists' projections at 3.7%, according to the US Bureau of Labor Statistics. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might extend its gains after breakout. Resistance level: 103.05, 103.70📉 Support level:102.55, 102.10📈
TVC:DXYLong
by top_fx
Sell XAUUSD Trendline BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential selling opportunity due to a recent downward break of a well-established trendline. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2180.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 2157 and 2146 Stop-Loss: To manage risk, place a stop-loss order above the broken trendline, ideally around 2190.00. This helps limit potential losses if the price rallies unexpectedly and breaks back above the trendline, invalidating the short trade. Thank you
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
11
S&P 500 INTRADAY LEVELS FOR 13/03/2024BUY ABOVE - 5178 SL - 5170 TARGETS - 5188,5200,5215 SELL BELOW - 5170 SL - 5178 TARGETS - 5160,5150,5140 NO TRADE ZONE - 5170 to 5178 Previous Day High - 5178 Previous Day Low - 5122 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
Sell EURUSD Price RejectionThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent price rejection at a resistance level. This suggests a potential shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0925, positioned close to the rejected level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 1.0890: This represents a short-term support level that could see renewed selling pressure. 1.0870: This is a further extension of the downside target, based on the recent price movement. Stop-Loss: To manage risk, place a stop-loss order above the resistance level at 1.0950. This helps limit potential losses if the price unexpectedly breaks above resistance. Thank you
Short
by KABHI_FOREX_TRADING
6