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DeGRAM | DXY reached the retracement levelDXY is moving in a descending channel between trend lines. The descending structure is preserved. The price has reached the resistance level coinciding with the 38.2% retracement level. The chart has reached the dynamic resistance and the upper boundary of the channel. We expect a pullback after consolidation under the resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYShort
by DeGRAM
7
DXY Finds Support, 105 Next | The Last Signal (Not Subtle)A 570 days long support level has been activated and a reversal is now taking place on the U.D. Dollar Index (DXY). This means that the DXY is now turning bullish for the first time since June 2024. The support level in question, marked on the chart with an orange line, marked the end of a major decline in late 2023 (December). As soon as this level was hit, around 100.617, the DXY entered a four months long bullish wave. This same long-term support level supported the DXY back in April and February 2023. The next rise is set to put this index around 105. Can be a bit lower or a bit higher, this would be the initial move. This rise can last between 2-3 months, initial. If the bullish move will be continued we can only ascertain after the first leg-up is in. Knowing the significance of this index, how it relates inversely to Cryptocurrency and the Stock market, as well as to sociopolitical stability, we can assume that things are about to get rough. In short, war is about to intensify and everything is set to experience a major leg-down; a global-wide (instead of marketwide) correction; a major financial flush. The Global Reset 2.0. This is the final signal. It confirms everything we've been seeing in the past month. It confirms a bearish bias on the stock indexes. It supports the intensification of Bitcoin's correction in the ensuing months. Panic will set in, but it will not be the end of the world. After the major market flush is over, it will feel like when a hurricane passes through your town... Everything is down to pieces, but the air is clean and it feels really peaceful and calm. There is no time to cry. We all stand up and start to rebuild. In time, the disaster will be a memory and we will use the experience for growth. Namaste.
TVC:DXYShort
by AlanSantana
2
DXY Will Go Lower! Sell! Here is our detailed technical review for DXY. Time Frame: 10h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 100.721. Considering the today's price action, probabilities will be high to see a movement to 99.278. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
Dollar Index (DXY), DailyFundamental The dollar had a volatile day due to weak labor market data but better PMIs. The Aug ADP Employment Change fell to 99k (cons. 145k, prev. revised to 111k from 122k). The final Unit Labor Costs for 2Q were revised to 0.4% from 0.9% QoQ SAAR, showing a wage inflation slowdown. However, the dollar rebounded briefly with upward revisions of Aug Services and Composite PMIs. Technical DXY extended its downturn and tested the 101.00 level. The trendline failed to hold the index, and the diverging bearish EMAs sent bearish signals. If DXY fails to climb above the trendline, the index may extend its downtrend to 100.50. Conversely, if DXY closes above the trendline and both EMAs, the index could gain upward momentum toward 101.80.
TVC:DXY
by Exness_Official
Pre Non Farm Market Analysis6th September DXY: Currently just below 100.90, could consolidate/retrace briefly, looking downside to 100.55 support level (NFP Pending), could bounce from support NZDUSD: Buy 0.6245 SL 20 TP 50 (DXY Weakness) AUDUSD: Buy 0.6755 SL 25 TP 65 (DXY Weakness) GBPUSD: Sell 1.3170 SL 30 TP 80 (DXY Strength) EURUSD: Buy 1.1145 SL 20 TP 60 (DXY Weakness) USDJPY: Watch out between 142 and 141 support area, possible bounce! USDCHF: Look for reaction at 0.8345 key support level. USDCAD: Stay out (CAD Employment pending) Gold: Retracing, look for reaction at 2506, possible bounce, if broken, could trade down to 2480
TVC:DXY
by JinDao_Tai
DXY- Dive under 100?In my previous DXY analysis I said that, although the index reversed from the beginning of the year support, bulls should not get too excited as long as the index is under 102.30 zone. In the next days, the index resumed its fall and now is trading back towards recent lows. Today's NFP data could bring clarification and if the index falls below the recent lows, 99.50 is exposed. For a bullish scenario, we need a reversal from this zone which could also be the beginning of a double-bottom pattern.
TVC:DXY
by Mihai_Iacob
Daily Technical Analysis of Gold,Currencies,and Indices 6/9/2024Daily Technical Analysis for Major Currency Pairs, Commodities, and Indices - September 6, 2024 Greetings, Welcome, I’m Mohammed Qais Abdulghani, a financial markets expert, with the daily technical analysis session for major currency pairs, commodities, and indices for Friday, September 6, 2024. Upcoming Economic Data: Before we start the technical analysis, let’s highlight the key economic data scheduled for today, which could significantly impact market movements. Starting at 12:00 PM (Mecca Time), the Eurozone’s GDP will be released. Later, at 3:30 PM, a series of important U.S. economic reports will be published, including: • Average hourly earnings. • Nonfarm payrolls report. • Unemployment rate. Dollar Index (DXY) Analysis: The U.S. Dollar Index remains under selling pressure, with prices continuing to trade below key trendlines within a major downtrend channel. The index remains below the 102 level, indicating potential further downside toward 100.300. Despite mixed U.S. data, the private nonfarm employment report released earlier this week showed negative results, increasing pressure on the dollar. EUR/USD Pair Analysis: The EUR/USD pair is attempting to sustain its bullish momentum, with prices holding above the 1.10 level. This support keeps the upside outlook intact, potentially targeting 1.12 and 1.13 in the medium term. A break below 1.10 would invalidate this positive scenario. GBP/USD Pair Analysis: Prices holding above the 1.31 level reinforce the bullish bias for the GBP/USD pair, with potential targets at 1.3250 and 1.3360. A break below 1.31 would invalidate the positive outlook. USD/JPY Pair Analysis: The pair is again under pressure as prices remain below 145 yen, suggesting further downside potential toward 140 yen in the short term. If the selling continues, we might see a drop to 134 yen in the medium term. USD/CHF Pair Analysis: The USD/CHF pair remains under selling pressure, and as long as prices stay below 0.8510, further declines are likely, with targets at 0.8370 and 0.8240. AUD/USD Pair Analysis: The AUD/USD pair continues to hold above the 0.6670 level, maintaining its bullish stance. A move toward 0.6900 and 0.7100 remains possible unless prices fall below 0.6670. NZD/USD Pair Analysis: The NZD/USD pair is approaching a key resistance level at 0.6225. Breaking this level, which coincides with the 55-day moving average, could drive the pair higher toward 0.6450 and 0.6500 in the medium term. USD/CAD Pair Analysis: The pair remains under pressure, with prices trading below 1.36, signaling further downside toward 1.34 and potentially 1.33. GBP/JPY Pair Analysis: The yen is regaining strength against the pound, and with prices staying below 196 yen, the pair is likely to face further downside, targeting 184 yen in the short term and possibly 170 yen in the medium term. EUR/JPY Pair Analysis: The EUR/JPY pair remains under pressure, and if prices break below 158 yen, we could see further declines toward 153 yen and possibly 148 yen. EUR/GBP Pair Analysis: The EUR/GBP pair remains under selling pressure as long as prices remain below 0.8450, with potential downside targets at 0.8375 and 0.8300 in the medium term. USD/TRY Pair Analysis: The USD/TRY pair is attempting to recover amid U.S. dollar weakness. If prices fall below 34 lira, a correction may occur, pushing the pair back toward 33.50 lira. Bitcoin (BTC/USD) Analysis: Bitcoin continues to face selling pressure. As long as prices remain below the psychological barrier at 60,000 USD, further declines are expected, targeting 52,000 USD, and possibly 44,000 USD in the medium term. Ethereum (ETH/USD) Analysis: Ethereum remains under pressure, and a break below 2,200 USD could trigger a decline toward 1,600 USD. A break above 2,600 USD is needed to invalidate this bearish scenario. Ripple (XRP/USD) Analysis: Ripple is attempting to confirm a break below 55 cents. If this break is confirmed, prices could head toward 48 cents and 40 cents. Gold (XAU/USD) Analysis: Gold is attempting to recover and break higher. A confirmed break above 2,520 USD could open the door to new highs, targeting 2,560 USD, with potential further gains toward 2,600 USD and 2,700 USD in the medium term. This bullish scenario will remain intact unless prices break below 2,460 USD. Crude Oil (WTI) Analysis: Crude oil remains under pressure. A break below 70 USD could lead to a decline toward 64 USD. Confirmation of this break on the 4-hour chart is needed for further downside. Silver (XAG/USD) Analysis: Silver is attempting to recover losses, and a break above 29 USD could push prices toward 30.50 USD and 32 USD. Natural Gas (NG) Analysis: If natural gas breaks above 2.20 USD, we could see further gains toward 2.60 USD, with the possibility of reaching 3.20 USD in the medium term. This positive outlook requires prices to remain above 2.20 USD. Dow Jones Industrial Average (DJI) Analysis: Breaking below the 41,000-point level could lead to a sharp decline toward 40,000 points. A confirmed break below this level would indicate further downside. S&P 500 Index (SPX) Analysis: As prices remain below the 55-day moving average, further downside pressure is expected. A confirmed break below 5,500 points could trigger a sharp decline toward 5,300 points. Nasdaq Index (NASDAQ) Analysis: The Nasdaq remains under pressure, and a break below 19,250 points could lead to a decline toward 18,250 points. Russell 2000 Index (RUSSELL 2000) Analysis: A break below 2,150 points could trigger a sharp decline toward 2,040 points. FTSE 100 Index (FTSE 100) Analysis: Breaking below the support at 8,200 points could lead to a sell-off, targeting 8,050 points. DAX Index (DAX) Analysis: The DAX remains under pressure, and a break below 18,750 points could lead to a corrective decline toward 18,200 points. CAC 40 Index (CAC 40) Analysis: The CAC remains under selling pressure, with prices below 7,600 points, potentially leading to a decline toward 7,200 points. Nikkei Index (NIKKEI 225) Analysis: A confirmed break below 37,000 points could trigger a sell-off toward 35,000 points and 33,000 points in the coming sessions. Conclusion: This concludes today’s daily technical analysis. Thank you for your time, and I wish you all the best in your trading day. This analysis was prepared by Mohammed Qais Abdulghani, a financial markets expert, based on current data and market trends. Please note that all strategies and analyses are subject to market changes, and it is advisable to stay updated with economic developments to make informed decisions.
TVC:DXY
by MohammedQais