Dollar index showing uptrend momentumDollar index showing uptrend momentum is now struggling at major resistance level
USDX trade ideas
Quarterly chart needed to quickly rebalance last quarter's dropSelf explained move when you understand time based charts and how they need to rebalance based on a new candle correcting the one way motion of a previous candle.
We are free to allow this new quarterly to either drop to a new low below the current low or just meander in the middle of the range. We prefer one way motion all the way towards the low at this point as we are bearish
DXY WILL GO DOWN|SHORT|
✅DXY has retested a key resistance level of 103.933
And as the index is already making a bearish pullback
A move down to retest the demand level below at 103.308 is likely
SHORT🔥
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DXY Will Move Higher! Buy!
Here is our detailed technical review for DXY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 103.533.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 103.703 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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DXY: Local Correction Ahead! 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 103.703$
Wish you good luck in trading to you all!
DXY Mid-Long Term Bearish Still??!I'm certainly still bearish on the Dollar going into the US elections. How it will play out, I do not know but my bias is well defined until price prints otherwise.
The arrowed path is just a delineation of how I would like to see it play out, no promises there!
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GLGT!!!
LloydFx,
Trade Monastery
US Dollar is there any reason except for manipulation for this?Hi everyone!
I have made mistakes, but still only 1 trade I need to get back to profit on this specific pair. I don´t recall ever seeing it rise with this type of force. And with no proper pullback.
DXY: COULD REDUCE TO 100 .DXY: THERE IS A RISK OF GOING BACK TO REDUCTION AND TO SUPPORT: 100 !
DXY: COULD REDUCE TO 100 .
THIS CHART IS THE ELLIOTT WAVE MODEL WITH dxy. with wave assumptions as shown.
With DXY falling, it is assumed that it will provide much support for gold to continue its uptrend.
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.
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 bearish
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 ?
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.
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.
Dxy . Short term bullish before next leg downShort term bullish before next leg down. Dxy is still in sideways consolidation before resuming trenddown.
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!
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.
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.
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.
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.
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 expectations
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.
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.
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