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US Dollar Index

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Something to think aboutHey! Here I have a chart where I have marked all the last Nonfarm Payrolls reports in 2024 and how dollar usually reacts to them. As I can see the dollar is falling and will be heading back to South WHY? ..because Oct 04, 2024 was reported: 254k and Nov 01, 2024 was 12k The difference between these two reports are way too big and these elections or Trumps win can`t overlook of this! So.. all the other currencies what have been falling due to dollars rise are now or will be reversing in the near future.. One of the best pair what I have been monitoring in the last few months is AUDUSD .. It have been falling heavily and have positioned itself for a turnaround. Second pair what interests me is USDCAD because it usually moves with dollar in the same direction and is also very well positioned: So is it only me or maybe there is something wrong with my eyes, but something is cooking ;) This is not a financial advice and do Your own research and other great stuff! Trade safe friends! Devi
TVC:DXYShort
by devigriffel
Weekly Recap & Market Forecast $SPX (Nov 3rd—> Nov 8th)Looking Ahead: Next week promises to be pivotal with several major events on the docket: - **U.S. Presidential Election:** A crucial event that could reshape fiscal and economic policies. - **Fed Policy Decision & Powell Press Conference:** The market will closely watch for signals about future rate paths. - **U.S. Jobless Claims:** Key data to gauge the health of the labor market. As we move forward, these developments will be crucial in shaping market sentiment and guiding investment decisions. **Timing is key in trading. Check our www.notion.so for time stamps on these important events and stay ready for what’s ahead.** Here’s to another week of informed investing and strategic decision-making! 🌟 Market Forecast (Updated 11/03/2024) **SPX** - Most of the Mag 7 stocks reported really good numbers but issued weak guidance. With FOMC and Election decision this week, We should see a lot of volatility. Next resistance: 5,824 and 5,893 Next support: 5,705, followed by 5,600 Weekly Sentiment: Mixed
TVC:DXY
by WallSt007
a possibility that the dollar might go up to the 105 price levela possibility that the dollar might go up to the 105 price level because there might be a significant pullback. especially since the US elections has shown a very volatile effect on the USD and several other currencies in the past week. this might be a good opportunity to take out your spoil from the market or lose too. anyways, be careful. i intend to take trades only if there's a very straightforward setup. that said, if there is no liquidity raid, i won't be taking any trade. i'm not eager to lose or make money.
TVC:DXY
by isaacnsisong
Analysis Dollar / DXY Hello everyone, I haven't been active the whole week. I'm sharing my analysis for the upcoming week. The dollar's bullish momentum was purely market manipulation. What I see is a significant amount of liquidity below that the price wants to collect before continuing with its bullish movement. On the weekly (W) chart, the price is still in consolidation, which could last for a while longer. The daily (D) chart has been in a downtrend so far, but there was a BOS (Break of Market Structure). For this reason, I believe the dollar will be bearish next week.
TVC:DXY
by andricstrahinja95
The Weekend: Prepping to Trade & Travel w/AIRAIn preparation for a trip to show my daughter more of Thailand, I've switched to a fully mobile setup. I’m running everything with just two laptops and a monitor for each, getting my mind ready for this new workflow. I’m excited for this change because our usual work routine felt like it was limiting her experiences at such a crucial time in her life. This upcoming week is a big one, but nothing is more important than her growth and development. So, I hope you enjoy this test video. Rest assured, What's Flowing videos will keep flowing, and my algorithms will stay busy spread trading across various markets.
TVC:DXYEducation
by moneymagnateash
Near-term Bullish DXY Bias Monthly chart for DXY hints a possible distribution zone formation. As there is a bullish candlestick pattern formed at last month, bullish bias seems to be the higher possible trend for now. Weekly Bullish trend channel formation suggest higher upside is likely, however, last bar doji candlestick pattern suggest indecision. Near-term support and resistance at 100.25 and 106.50. Last Friday bullish bar closes back near Monday's opening reinforced near term bullish bias. Looking forward, next week 5 Nov being US presidential elections day will add volatility to the market. So, price may likely to go the next higher order block area.
INDEX:DXYLong
by savvyacademy
Potential bullish bounce?US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 103.82 1st Support: 103.44 1st Resistance: 104.57 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.
TVC:DXYLong
by ICmarkets
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