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$DXY - Bottom Range Bound BreachedThe Dollar Index TVC:DXY has breached a pretty serious level ; the bottom range bound which has previously acted as strong support for TVC:DXY to bounce. Will this time be the same and this will result in a fake-out? Or will TVC:DXY headed lower, re-visiting pre-pandemic levels? Check out the previous released ideas linked below for more in depth information regarding our journey 'Decisive Move Around the Corner' (line chart) (candlesticks chart) TRADE SAFE NOTE that this is not Financial Advice ! Please do your own research before partaking upon any trading activity based solely on this idea.
TVC:DXY
by Mr_J__fx
DXY at a Crossroads: Potential Reversal or Continued DeclineHey Traders, The Dollar Index ( TVC:DXY ) is currently navigating a pivotal phase. After breaking below the significant resistance level of 104.105, the index is now trading around the support zone of 100.800. While ongoing bearish momentum suggests a possible continuation to the downside, there is also a potential for a market correction and a retest of the 104 level. Current Market Conditions: Key Support: The DXY is presently testing the 100.800 level, which has previously served as a robust support zone. Bearish Setup: A failure to hold or reverse at this support level may prompt further declines, targeting lower support levels in the near term. Fundamental Analysis: Recent dovish commentary from Fed Chair Jerome Powell and other Federal Reserve officials hints at an imminent shift in monetary policy towards lower interest rates. This anticipated shift is exerting downward pressure on the dollar, as traders expect a more accommodative stance from the Fed. This environment supports the bearish outlook for the DXY, adding weight to the potential for further declines. Targets: TP1: 101.800 TP2: 102.300 TP3: 103.350 TP4: 104.150 Risk Management: Stop-Loss: To manage risk effectively, place the stop-loss below the support level at around 100.250, protecting against a bearish continuation. Conclusion: The DXY stands at a critical juncture. While it is testing major support levels that could signal a potential bullish correction, keep a close watch for any rejection at this level, which could further bolster the bearish trend. I would love to hear your thoughts in the comment section. Please hit boost and follow for more ideas. Thank you, and profitable trading to you all! Trading Insight: "Success in trading comes from mastering both strategy and self-discipline."
TVC:DXYLong
by SignalSage_Ben
Daily Technical Analysis of Gold,Currencies,and Indices 23/8/202Daily Technical Analysis for Gold, Currencies, and Indices - 26/8/2024 Introduction Welcome, I am Mohammed Qais Abdulghani, a financial markets expert. Today, Monday, August 26, I present to you my detailed outlook on the major currency pairs, commodities, and financial indices. Before diving into the technical analysis, he highlights key economic data expected to be released throughout the week that could influence price movements, including the Consumer Confidence Index, GDP, unemployment rates, and the Personal Consumption Expenditures Price Index. US Dollar Index (DXY) Analysis The US Dollar Index (DXY) has declined following statements by Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium, where Powell emphasized the need to adjust monetary policy and begin lowering interest rates, thereby boosting confidence in reaching the 2% inflation target. However, he noted that unemployment rates remain within acceptable levels. The US Dollar Index’s stability below the 102 level suggests a potential continuation of its decline, with expectations of reaching levels of 99 and 97 in the upcoming trading sessions. The weaker dollar benefits the EUR/USD pair. EUR/USD Pair Analysis The EUR/USD pair continues to gain momentum, with a potential breakout above the 1.1000 level that could propel prices towards 1.1350 in the medium term. This positive scenario will remain unless the pair breaks below the 1.1000 level. Similarly, the GBP/USD pair continues to gain, with prices holding above significant levels. GBP/USD Pair Analysis The GBP/USD pair is exhibiting a positive trend. If it succeeds in breaking above the 1.3250 level, it may rise towards the 1.3360 and 1.3500 levels. However, if it fails to surpass this resistance, it could revert to a downward trend. USD/JPY Pair Analysis The USD/JPY pair is facing downward pressure. Should it break below the 145 yen per dollar level, the pair might target levels of 140 yen and 134 yen per dollar. USD/CHF Pair Analysis The USD/CHF pair continues to face downward pressure. If it breaks below the 0.85 level, further declines toward 0.837 and 0.824 could be expected. AUD/USD Pair Analysis The AUD/USD pair continues to gain, with prices holding above the 0.66 level, supporting an upward trend towards 0.69 and 0.75. Similarly, the NZD/USD pair is also gaining. NZD/USD Pair Analysis The NZD/USD pair has successfully broken above the 0.62 level, supporting a bullish trend towards levels of 0.64 and 0.65. USD/CAD Pair Analysis For the USD/CAD pair, continued trading below the 1.600 level supports a bearish scenario targeting levels of 1.34500 and 1.33000. GBP/JPY Pair Analysis The GBP/JPY pair remains in a bearish trend. Prices staying below the 196 yen level support this trend, targeting 184 yen in the short term, with a potential extension to 170 yen in the medium term. EUR/JPY Pair Analysis The EUR/JPY pair is trading below the 166 yen level, supporting a bearish scenario targeting 158 yen and 153 yen. EUR/GBP Pair Analysis The EUR/GBP pair remains in a downward trend, with expectations of further losses if prices remain below the 0.84500 level, targeting 0.83750 and 0.83. USD/TRY Pair Analysis The USD/TRY pair trades within a positive scenario, with expectations of further gains if prices exceed 34 lira, targeting 34.8 and 35.5 lira. Any retreat above the 33 lira level is considered a correction only. Bitcoin vs. US Dollar Analysis After several sessions of sideways trading, Bitcoin has successfully surpassed the 60,000-dollar barrier. Stabilizing above this level supports a bullish scenario, targeting 68,000 and 75,000 dollars. Ethereum vs. US Dollar Analysis Ethereum is attempting to surpass the 2800-dollar level. If successful, it could see a bullish wave towards 3200 and 3600 dollars, potentially reaching 4200 dollars in the long term. The positive scenario will be invalidated if Ethereum fails to exceed 2800 dollars. Ripple vs. US Dollar Analysis Ripple continues in an upward trend, with prices remaining above 55 cents, supporting targets of 65 cents, 80 cents, and potentially reaching 1 dollar. Gold Analysis Gold maintains its upward momentum with trades above the 2460-dollar level. The positive scenario remains intact as long as prices stay above the primary ascending trend line and the 55-day moving average, supported by expectations of a rate cut by the Federal Reserve. Oil Analysis Crude oil is attempting to recover previous gains. If it breaks above the 77-dollar level, a rise to 80 and 83 dollars per barrel could be expected. The bullish scenario will be invalidated if it breaks below the 73-dollar level. Silver Analysis Silver maintains stability above the 29-dollar level, with potential increases to 30.5 and 32 dollars if prices exceed 30.5 dollars. Natural Gas Analysis Natural gas is under downward pressure, targeting levels of 1.80 and 1.40 dollars if prices continue below 2.20 dollars. Dow Jones Index Analysis The Dow Jones Industrial Average is rising amid hints of monetary easing. Surpassing the 41,000-point level would support a rise to 42,000 and 40,000 points. S&P 500 Index Analysis The S&P 500 Index maintains an upward trend with expectations of continued rise after surpassing the 5700-point level. Nasdaq 100 Index Analysis The Nasdaq 100 Index retains its positive trend as long as it remains above 19250 points, targeting 20800 and 22000 points. Russell 2000 Index Analysis The Russell 2000 Index retains its positive trend as long as prices remain above 2150 points, targeting 2320 and 2440 points. FTSE Index Analysis The FTSE Index maintains an upward trend with targets of 8680 points, provided it remains above 8400 points. DAX Index Analysis The DAX Index maintains an upward trend with targets of 19250 and 20000 points, as long as the price remains above 18750 points. CAC Index Analysis The CAC Index is attempting to eliminate selling pressure, with expectations of rising towards 7882 points if it breaks above 7600 points. Nikkei Index Analysis The Nikkei Index retains its positive trend, targeting 40,000 and 45,000 points as long as it stays above 37,000 points.
TVC:DXY
by MohammedQais
1
DXY Hits Yearly Low: Is a Major Support Test at 100 Coming Next?By reviewing the US Dollar Index chart on the daily timeframe, we can see that last week, the price reached its lowest level in a year, closing at 100.677. Given that the price has dipped below a liquidity pool, we might see an initial positive reaction at the beginning of the week, but I still expect further declines in the Dollar Index overall. Keep in mind that there is a very strong support level ahead for the dollar, which is the psychological level of 100, and we will likely see a significant reaction to this level. We will be providing weekly analyses of the Dollar Index from now on, so be sure to support and follow! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
TVC:DXYShort
by ArmanShabanTrading
1
Usd end week by flushing down to 101 as predicted!Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Cautiously carry out your short if there's any, light news week this week. There might be bounce off this key level. Let's watch! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
DXY Potential Longs from 100.200 back upMy current bias for the dollar is very much bearish, as price has broken structure to the downside once again. While I don’t trade the dollar directly, I use it as a confluence to confirm trade ideas for other pairs like GBP/USD (GU) and EUR/USD (EU). Since I’m looking to short both pairs right now, this bearish outlook on the dollar makes sense. In scenario (B), I can see the price heading to the 9-hour demand zone, where it might accumulate and then shoot back up to the next supply zone. With the recent break of structure (BOS), a nicely formed 4-hour demand zone is also in play. Since price is currently in a supply zone, I’ll stick with this bias until the dollar "shows its hand." However, if the dollar slows down and begins to accumulate on Monday, we might see some promising opportunities this week. Given that this is a counter-trend trade, I’ll be cautious, aiming for high risk-reward ratios while keeping an eye on the nearest demand zone for entries. Happy trading, guys!
TVC:DXYLong
by Hassan_fx
USDX Analysis going into next week's Trading. See Weekly-Chart! Buy AAAPL, Buy Googl, Buy QCOM, Buy McDonalds Fast Food. I honestly have not checked their charts. But they are some of the stocks that must be starting to turnaround in their share prices following the recent sell-off, these companies I would say with their global franchises & operations would be benefiting from a weakening US-Dollar. You can see in the Weekly chart where USDX is coming down into an area of Support on the Weekly chart & my feeling is that it will start to turnaround this coming week as its very oversold. But of-course if I may hedge my bets a bit, the path of least-resistance is down as it's well under important moving averages, but a reversal is imminent is my feeling. * Trading/Investing in precious metals, currency's, commodities & stocks is risky. Please don't rely solely on my financial advice.
EIGHTCAP:USDXLong
by Easy_Explosive_Trading
2
$DXY is about to reject off of a historic downtrendLooking at TVC:DXY , it seems primed for a reversion off of the decade-long downtrend. JPow basically confirmed a rate cut in September, and now dot plots are already shifting towards a 50 bps cut in November , when previously (yesterday) earliest calls for a 50 bps hike was consisted to be December 2024 What do you guys think? Time to start exploring risk assets? NFT markets are beginning to see a pulse- this could be signs of liquidity already quietly entering the system.
TVC:DXYShort
by httpz
2