Bullish DXY to End the Week Looking for a bullish continuation in the DXY, targeting a push toward yesterday’s intraday highs. Despite some volatility, the dollar has shown resilience, supported by steady U.S. economic data and elevated interest rates compared to other major currencies.Longby trader92243
Dollar index LongYesterday everything was unexpected to some extent we will expecting gold to be bearish to its new previous all time high but the asain session rocked and Gold has gained new highs Now taking turn towards Dollar index we are expecting a Bullish move in DXY to its global resistance price can Retest its previous Resistance became Support confluence is geopolitics and 50SMA and Resistance under american elections are also the big reason so we are bullish over dollar index and other co-relations will be bearishLongby Wakeel_Saab2
where is he DXY ? Hi Traders If he us dollar index reaches the area , we can see a rejection and then where will be a change from the rising to the downtrend , what do you see, trader ? by hamidTrader210
Trade Recap: AUDUSD - LONG, 17/10/2024AU Bias Analysis: Price mitigated a 1W FVG and was deeply discounted on the 1D timeframe and although still trading in a counter-trend on the 4H, we saw a displacement higher which formed a 4H bullish order block and established a 1H bullish range. Price protracted lower into EPD and the 1H FVG where I waited for entry confirmation and executed. Grade: Valid What I did well or could've done better: - Executed before market close out of a little bit of FOMO as I was waiting for a meeting to begin. I should've Waited for the 15M candle to close before executing the position. - Regardless of not having a strong conviction in the trade, I executed a position which fit the plan but wasn't picture perfect. - Managed my positions well and closed manually once phase 1 target was achieved.Long06:35by The_Modern_Day_Trader0
Dollar Index Bullish to $109! (UPDATE)The Dollar is moving ridiculously bullish for the past 3 weeks. Exactly how I said it would move to my Gold Fund investors, in our Q4 Market Breakdown report. The U.S. elections is less than 4 weeks away & I'm expecting Dollar bulls to hold up during the elections, with all the volatility we will see in the markets.Longby BA_Investments10
Dxy . Short term bullish before next leg downShort term bullish before next leg down. Dxy is still in sideways consolidation before resuming trenddown.Shortby redhot10
DXY: Local Correction Ahead! Sell! Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 103.572 Wish you good luck in trading to you all!Shortby XauusdGoldForexSignals112
DXYMonthly structure indicating bullish momentum till M patten neckline retest to conclude strong bullish momentum and also H4 concluding the same movement so bullish momentum expected.Longby Primus07251
DXY ON A BULLISH TRAJECTORY TARGET @ 103.830The dollar climbed to the strongest level in two months as former President Donald Trump defended proposals to raise tariffs on imports dramatically. The Dollar Index rose as much as 0.3% on Tuesday as the Republican candidate cited potential trade policies with economies including Mexico, Europe and China in an interview with Bloomberg News Editor-in-Chief John Micklethwait. following those remarks this is my conclusion The current market is on a Bullish trajectory after bouncing from a strong support zone at around 101.996. If the price continues its upward momentum, it could target the unmitigated zone near 104.200 and possibly tp2 near 104.535. However, watch for any reversal signals at these resistance levels, as they could indicate a pullback. Key Levels Reversal at 101.996 marks the bottom where the price reversed and started to climb. Unmitigated Zone @ 101.870: This is a level where a previous imbalance or demand zone was left untested by the price, now acting as a potential support. tp1 @ 103.830: soon the zone will be mitigated Unmitigated Zone @ 104.200 is another untested supply zone where the price might face resistance. tp2 @ 104.535: The second take-profit level, this area is my future unmitigated zone a possible price target if the bullish momentum continues.Longby queUpdated 1
We have a very strong dollar in the moment 4hrFrom my previous analysis we where at the breakout point from the downtrend. We knew that we might be looking at a positive dollar and that Is what we got at the moment. But the next coming elections will be crucial to the performance of the us dollar. As the investors ruled out a hefty interest rate cut from the reserve bank, a potential rise in the dollar from a victory by the former President Donald Trump. Trump plans to implement tax cuts, looser financial regulations, and higher tariffs is viewed as positive for the dollar. Higher tariffs, for instance, would have a negative implications for growth in Asian and European exporters that could force their central banks lower their interest rates, undermining their currencies, while lifting the dollar. Longby AnalysisExpert1
DXY Core Breakdown Post Retail Sales (Trading Plans Included)Retail Sales (US) came in hot and fed strength into the USD and DXY as a result. This takes us nearer to the upside of a sideways formed trajectory. Here's what to look for.05:00by WillSebastian5
DXY Hit the 200D MADXY just bounced sharply from 100 back to the 200D MA at 103.7. I suspect a pullback and bounce back down now. especially because of interest rate cuts and expectationsShortby SunnyRainPo0
US DOLLAR What in the trend world! H4 M pullback? Yes plz.Hi everyone! So we are mid week now, activating the true potential for a pullback. I expect a 40 to 50% pullback from this bullish trend. I might be wrong though if its Elon Musk cosmos level.Shortby ChameleonInvestments2
DeGRAM | DXY preparing for a reversal of movementDXY is moving above the trend lines and descending channel. The chart has formed a harmonic bat pattern. The price has not yet consolidated above the upper trend line. We expect a reversal after consolidation under the dynamic resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM113
USD index at key resistance Intraday Update: Ahead of the ECB decision today, the USD index hit the 200dma, channel resistance and previous support. The EURUSD makes up over 50% of the USD index, so a recovery rally in the EURUSD could be the catalyst to allow a rejection from the confluence of resistance in the USD index today. Shortby ForexAnalytixPipczar2
[DXY] Due for pullbackThis is TVC:DXY 4 hr chart. The price has been on rocket boost for 17 days now without any pullback....which is too hot, IMO. With price and MACD now making some divergent & the need to cool off some of the heat, we could see some pullback. Cherio...Shortby moressay0
Waiting for the DXY correction H4. 17.10.2024 Waiting for the DXY correction Ahead of the ECB meeting, the dollar index has reached a strong rotation level of 103.57 and the main question is whether there will be a reaction and correction downwards! There is also a spare resistance level at 104.20 and I do not rule out reaching it and then a serious correction to at least 102.28. There will definitely be volatility and it is important to watch the reaction through other currencies. TVC:DXY Shortby KovachTrader5
DXY : What to anticipateSome of you may have seen the 'free gift' yesterday before it was deleted - the lucky few. Anyway, let's talk about the DXY. It has been some time. Some traders quite like this method called Elliot Wave. It is truly useless simply because you do not know EXACTLY where the price might end up. Only after the fact can these followers fool themselves when they see their ABCDE123 pattern. Now I bet you they are quite clueless about the DXY. How about the simple 'D' - I am sure this is simpler. Whether it works, you should know by now. DXY had by now bounced at 100.0 By the look of it, it can go very high. I am anticipating 120/6 - this follows the pattern as can be seen in the chart. Good luck - may we make a lots of MONEY.Longby i_am_siew3
DXY-SELL strategy 6-hourlyI feel in coming sessions, the DXY will recover downwards. the stochastic and SMI, plus RSI are showing we overbought, and requires corrections short-term. Strategy SELL current @ 103.50-103.65 and take profit above 102.83. SL based on your personal risk parameters. Shortby peterbokma1
Always learning new things as I check for my mistakes!Had a stoploss a very nice one, don't worry I followed my plan and just lost 1% of my account no big deal. These past weeks, I have notice that every time that DXY is not aligned with EUR/USD price always goes contrary to manipulation. For example, in EU we can see that price manipulated a high, but DXY didn't meaning DXY is supported by an order block. Same happens when DXY manipulates a high or low and EU doesn't manipulate any high or low this means EU is supported by an order block. In Conclusion this is called divergence and every time we see divergence we go contrary to manipulation. Note: Here you are seeing the DXY chart inverted, this way you'll be able to find divergences easily.by RentCash6
DXYWe can see that the DXY broke the left leg nicely and am expecting the pullback to the neackline of the W pattern formation. before a nice continuation to the bearish side. some little push to the neckline.Longby Primus0725Updated 1
Is DXY ready to descend below 100?What I can see in chart; in Weekly timeframe DXY is in range however in Daily timeframe we are bearish. I expect to have range for days in this level and have manipulation to reverse and continue to descend to hit lower levels. Shortby POUX229
DXY: Market Is Looking Up! Buy! Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 103.601 Wish you good luck in trading to you all!Longby XauusdGoldForexSignals113