DAILY OUTLOOK ON DXYA bullish sentiment on dollar index while other pairs with the dollar will be bearish
DXY trade ideas
Dollar Index Heading Into Key Area Of ResistanceThe Dollar has been exploding higher.
The index is heading into key areas of resistance, revisiting prices we haven't seen since 2022.
Watching this area to see how the FX markets react to the dollar either trying to push higher or possibly pulling back from key areas above.
Dollar for the Week of 13 JanuaryBearish Dollar because it hit already the W OB and it's inside the W SIBI, so it take also a liquidity from second January's high.
We can wait a retracement lower for Dollar, it means all major pairs can be higher.
EUR/USD Short: Bearish Trend with DXY SupportShort EUR/USD at the current market price (CMP). EUR/USD remains in a bearish trend, likely heading for the next leg of the CD pattern. Meanwhile, the DXY is bullish, having retraced from the golden Fibonacci ratio and now appearing poised to continue its next bullish leg.
DXY WAXING STRONG AFTER THE NFP REPORT!DXY is showing a strong buy momentum after the just released NFP report which came out better than expected and higher than previous reports. It’s giving an idea that DXY (USD) might continue to dominate in bullish trend over the other pairs.
Dollar indexlooking for a breakout on the dollar index, this breakout will mean a massive drop on silver and gold and other related currencies. only trade what you can lose, the market will be extreemly volatier in the next 30 minutes
Confluence of Gartley 222, AB =CD and Three Drives to the topAt times they work out perfectly but you must always guard against euphoria. Anything can happen in the market !
Another butterfly pattern with not so perfect fib ratios. Had to wait for other confirmations to get into the trade . CD leg terminated as a measured move of the AB leg and immediately evolved into a Three drives to the top pattern and that was my trigger, entered the trade with a sell limit and a tight stop. So far so good!
Its a scalp trade!
Always trade what you see and practise sound money management.
The chart suggests that the price might experience a retracement
Analysis of the DXY (US Dollar Index) Chart Using Support, Resistance, and Projected Movements
This is a 4-hour timeframe analysis for the US Dollar Index (DXY), highlighting critical support and resistance levels and potential price movements:
Key Levels:
Support Zone:
A strong support zone is identified around 108.000 - 108.500. If the price retraces to this zone, it is expected to find significant buying interest.
Resistance Zone:
The first resistance zone lies between 109.000 - 109.500.
The next resistance zone, which could act as a target, is located around 110.000 - 110.500.
Proposed Movement Pattern (Blue Lines):
The chart suggests that the price might experience a retracement toward the support zone at 108.000 - 108.500.
After hitting the support and confirming a bounce, the price is expected to rally toward the 109.000 - 109.500 resistance zone.
If the resistance at 109.500 is broken, the price could continue its upward trajectory toward the next target at 110.000 - 110.500.
DXY Trading JournalDXY Trading Journal
Jan9
Analysis
Price opened in Asia to create and take recent equal lows before seeking higher prices taking out previous days buy stops. London created the high before retracing. High resistance day.
Jan 10
Daily range is in Premium however the session range landed right on the .50%. NFC in NY session. I could see both noted clean equal highs and lows get taken today. I suspect that the highs will swiped then Price will lower to rebalance the FVG.
US Treasury Yield and USD concerns. Market Update 1-8-2024Looking over the 30 yr bond as well as the DXY Chart. Also, breaking down the US equity markets and what possible hurdles we may be facing in the short term.
DreamAnalysis | 2024 Comeback Shakes Markets🌎 Global Market Impact from the US Presidential Election
With ballots still being counted, the financial world is buzzing with anticipation over Donald Trump’s possible return to the White House. This election has set off movements in stocks, the US dollar, forex pairs, and cryptocurrencies, affecting global markets even before an official result is announced.
🚀 Bitcoin Surges to All-Time High
Bitcoin spiked to an unprecedented $75,000 as market confidence grows around Trump’s chances. With Trump’s support for crypto-friendly policies, this is seen as a bullish indicator in the digital assets space.
check the trendIt is expected that the upward trend will continue to form until the specified resistance levels. Then there is a possibility of a trend change
DXY Trading JournalDXY Trading Journal
Jan 6
Execution analysis
Price is delivering to a premium on the M, W, Daily charts.
Yesterday Price delivered from a premium to discount gravitating to the NWOG and noted equal lows, also creating more equal lows. Price then bull rallied to rebalance the H FVG for the finish.
Great delivery.
DXY Trading JournalDXY Trading Journal
Jan 8
Price is delivering to a premium on the M, W, Daily charts.
2 back to back large range days of Price delivery. I suspect that could consolidate during Asia possible London with the onset of 3 red folder scheduled in NY session
that said I suspect that price will come down to the H FVG at the 50% possibly seek the second H FVG at the .79. Price could also be gravitating to the NWOG and seek equal lows noted.
Cool to see Price consolidate around the event horizon and I will be watching for reactions around it as well.
See how Asia plays out and go from there.
DXY -could the dollar be dropping, what does that mean others?If we see the dollar break this level we could see higher prices with other instruments such as the metals and other cryptos.
Lets watch and see what happens.
Bullish forecast on DXYDaily is showing bullishness and possible internal range liquidity to external range liquidity move.
Same with 4h
DXY Trading JournalDXY Trading Journal
Jan 7
Price is delivering to a premium on the M, W, Daily charts.
Fantastic price delivery yesterday. Price took out FVG, equal lows and almost my longer term sell stops. Price trended to the previous NWOG acting like a prefect magnet.
Price delivering in Premium. Rebalancing a H FVG. Its likely that price will complete rebalancing the FVG and rally to the first equal highs, could reach for the second one.
XAUUSD Analysis - 1/6/2025I am still bearish on Gold. We see that Gold rejected a 4H FVG this morning during NY Session that produced a major drop. With this price action, I have a feeling that Gold wants to drop lower. NFP is this Friday so will be cautious and flexible to changing my bias if I see a structure shift on the higher timeframe.
US DOLLAR INDEX In my view, the US dollar index finish the motive wave and will start down trend. the target for sell position is 106.15.
DXY Major reversal Good day traders and investors,
Well, it looks like the dollar has had a major reversal just as expected and right on time. I have been expecting for a couple months now that something big is to be expected by mid September to the latest mid October as the cycle pertains too. The DXY hit the .5 on the fib which is generally a big reversal area, and boy did it reject. It looks like gravestone doji has formed as well. This is stock and crypto positive. What was the news at same time? Surprise!!! More war, now with Israel the "holy Land"
In the seeks to follow look for the dollar to collapse as assets rise.
check the trendIt is expected that the upward trend will continue according to the specified path.
If the support trend line is broken, a continuation of the correction or downtrend is possible
Dxy The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000DXY trades with negative bias for the second straight day, though the downside seems limited. The Fed’s hawkish shift remains supportive of elevated US bond yields and favors the USD bulls. Geopolitical risks and trade war fears might contribute to limiting losses for the safe-haven buck.
Dollar Index HTF Imbalanced FilledPrice of the dollar index has filled the weekly imbalance. Should see a potential pull back from here has President Trumps legislation is unclear for tarriffs etc. Price could pullback and trade sideways and consolidate before Jan 20th. Depending on the amount of executive orders this could cause more volatility later this month.
