Tariff Wars Pushing USD HigherThis is the Weekly FOREX Forecast for the week of July 14 - 18th.
In this video, we will analyze the following FX market: USD Index
The latest headlines tell the story. The tariffs are triggering a slow run to the USD safe haven, but the inflows from investors are moving the needle. The previous week closed strong, with buyers in control. There's a good chance we'll see more of the same this coming week.
Look for the strength in USD to continue to be supported by fundamental news, and outperform the other major currencies.
Buy USDxxx
Sell xxxUSD
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Usdollarlong
Potential bullish rise?US Dollar Index (DXY) has reacted off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 97.81
1st Support: 97.19
1st Resistance: 99.25
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.
Bullish bounce off major support?US Dollar Index (DXY) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 97.14
1st Support: 96.74
1st Resistance: 98.08
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.
Potential bulllish reveresal?The US Dollar Index (DXY) is falling towards the pivot, which aligns with the Fibonacci confluence and could reverse to the 1st resistance.
Pivot: 97.08
1st Support: 96.44
1st Resistance: 98.10
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.
Could the DXY reverse from here?The price is reacting off the pivot and could rise to the 1st resistance which is an overlap resistance.
Pivot: 97.71
1st Support: 94.66
1st Resistance: 101.87
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.
Bullish bounce off overlap resistance?The US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 97.78
1st Support: 95.22
1st Resistance: 101.81
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.
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 100.37
1st Support: 99.93
1st Resistance: 102.02
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.
USDJPY LONG FORECAST Q2 W16 D18 Y25USDJPY LONG FORECAST Q2 W16 D18 Y25
Fun Coupon Friday
SUMMARY
- Trading in the absolute Depths of the ocean, anticipating orders are being created for price to take an explosive breath. IMO!
- Weekly order block breached, YES.
- Weekly order block still valid due to no clear close below- Long positions only.
- A setup for break and close above key 15' structure point of interest creating higher high.
- B setup to await for lower time frame break of structure.
FRGNT X
US DOLLAR at Key Support: Will Price Rebound to 103.350?TVC:DXY is currently testing a key support zone, an area where the price has previously shown strong bullish reactions. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 103.350 level.
However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
EUR USD Entry Setup 30M Timeframe🔹 Pattern: Double Bottom
🔹 Entry Condition: Wait for a clean break and retest of the neckline before entering.
No confirmation = No trade.
🔹 Higher Timeframe Context: Overall trend is bearish: this is just a pullback to the Lower High before a potential continuation of the downtrend.
⚠️ Patience is key let’s see how it plays out!
US DOLLAR Approaching Key Support – Will Buyers Step In?TVC:DXY is approaching a key support level, highlighted by strong buying interest. This area aligns with a trendline support level, increasing the likelihood of a bullish bounce if buyers step in.
If the price confirms support within this zone through bullish price action—such as long lower wicks or bullish engulfing candles—we could see a reversal toward 106.200, a logical target based on previous market structure and price behavior.
However, if the price breaks below this support zone and sustains, the bullish outlook would be invalidated, potentially leading to further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Bullish bounce?US Dollar Index (DXY) has bounced off the pivot and could potentially rise to the 1st resistance.
Pivot: 107.16
1st Support: 106.51
1st Resistance: 107.92
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.
U.S. Dollar Index Upward Price Movement Until End of September?Here’s my analysis of the chart: I anticipate an upward movement in the U.S. Dollar Index until the end of September. Please note, this is based solely on time analysis, so the bar charts displayed do not predict future price levels.
The trade is still in its early stages, making it relatively low-risk. However, if the price falls below the current candle (first vertical line), this analysis will no longer be valid.
Let's see how it plays out, but be prepared to reassess if the price action invalidates the analysis.
SpaceIchimoku
Betting on a Stronger Dollar Greenback Gets ExpensiveThe US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the greenback.
Several factors are fueling the dollar's current strength. Firstly, the US economy continues to demonstrate surprising resilience in the face of global headwinds. Recent data, such as stronger-than-expected retail sales figures, has prompted investors to pare back bets on aggressive interest rate cuts by the Federal Reserve. This shift in expectations has bolstered the appeal of the dollar relative to other currencies.
Secondly, the turmoil in global markets is driving investors towards safe-haven assets. Geopolitical tensions and rising inflation across the globe are creating uncertainty, pushing investors to seek the relative stability offered by the US dollar. The dollar's long-standing reputation as a reserve currency makes it a natural destination for these risk-averse investors.
This surge in demand for the dollar is evident across the foreign exchange market. The Bloomberg Dollar Spot Index, which tracks the greenback's performance against a basket of major currencies, has climbed to a five-month high. The dollar has already notched up impressive gains against major rivals like the yen, reaching a 34-year high, and strengthening significantly against the euro, pound, and several other currencies.
This bullish sentiment towards the dollar is spilling over into the options market. Investors seeking to profit from a continued rise in the dollar's value are increasingly turning to call options. However, this increased demand comes at a cost. The premium, or the upfront cost, of buying these call options has risen significantly. This surge in option prices indicates that investors are willing to pay a higher price to secure their bets on a stronger dollar.
The trend in the options market presents a mixed bag for investors. On the one hand, the rising cost of call options suggests that the market is anticipating further dollar appreciation. This could be a lucrative opportunity for those who correctly predict the dollar's trajectory. On the other hand, the higher premiums eat into potential profits, making successful bets on the dollar more challenging.
Looking ahead, the future path of the dollar hinges on several key factors. The trajectory of the US economy, the actions of the Federal Reserve, and the evolution of global geopolitical and economic conditions will all play a role in determining the dollar's strength.
Despite the uncertainties, the current trend suggests a continued period of dollar dominance. Investors, however, should carefully consider the increased costs of betting on the dollar in the options market and ensure their strategies account for these elevated premiums. This is a dynamic situation, and close monitoring of both economic data and market movements will be crucial for navigating the ever-evolving currency landscape.