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DXY / US DOLLAR INDEX🔍 DXY (U.S. Dollar Index) Analysis: 4-Hour Timeframe 📉 The DXY chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • BUY DATE - September 12, 2024, 04:00 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating DXY or entering long positions. • BUY DATE - September 19, 2024, 00:00 - Green Line: Another potential local low, suggesting favorable conditions for buying. • BUY DATE - October 7, 2024, 06:00 - Green Line: This time marks another potential local low, indicating favorable conditions to enter long positions. When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
TVC:DXYShort
by trushkovskiy
DXY "Dollar Index" Bank Money Heist Plan on Bullish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist DXY "Dollar Index" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
TVC:DXYLong
by Thief_Trader
DXY A NEW BULL MARKET TO BEGIN from 99/98 Zone DEFLATION PHASEThe chart posted is the cash US $ based on the fib relationships we should see one last drop below 100.60 target and drop into a 98.14 to 99.60 focus on 98.88 . This should also see the PEAK in GOLD the SP 500 as Most markets around the world . The cycle of deflationary forces should VERY CLEAR come mid oct and be in force for the next 18.8 months to as long as 3.2 years Data based on ALL DATA going back to 1902 and some of which s dates back to 1626
CAPITALCOM:DXY
by wavetimer
15 min entry DXY on BEARISH DAILY TFabove chart (daily) - price move aggressively downward (BEAR BIAS) to swipe ERL - followed by HIGH QUALITY FVG WHY? CONDITION 1: TAKING LOW LIQUIDITY CONDITION 2 : STRAIGHT 3 CANDLE MOVES; CONDITION 3, CLOSING BELOW IFVG below chart (15 mins) - Price did manipulation taking upside liquidity - Followed by bearish FVG - I am waiting inside 0,5-0,618 being swiped and closing below 0,5 fib line - entry SHORT toward lowest internal liquidity zone (iFVG) or creates another LOW
TVC:DXYShort
by drake_zeref
The Beginning of DXY DeclineThe DXY (US Dollar Index) is showing strong signs of entering a downward trend. The attached chart reinforces this view, highlighting the development of Wave 4, which is likely nearing completion. A continuation of the decline in Wave 5 is expected, in line with technical analysis and external factors. Wave Structure: The chart clearly shows the DXY in a corrective pattern, with Wave 4 approaching its peak around the 0.618 retracement level at 102.030. Once this wave concludes, we can anticipate the continuation of the downward trend towards the completion of Wave 5, likely targeting levels below 100. Bearish Channel: The DXY remains within a well-defined descending channel, indicating sustained selling pressure. This suggests that the overall momentum is bearish, with further declines expected as the channel holds. External Factors: Slower-than-expected U.S. economic growth, particularly in key areas such as manufacturing and employment, has weakened the dollar’s outlook. Additionally, expectations that the Federal Reserve will halt rate hikes are dampening investor confidence in the dollar. In conclusion, both technical analysis and external economic indicators suggest the DXY is likely to continue its decline. Traders should remain cautious as Wave 5 approaches, with potential downside targets below 100 as the dollar weakens further.
TVC:DXYShort
by TradingDame
DXY Will Go Up From Support! Long! Please, check our technical outlook for DXY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 101.675. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 102.148 level. 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:DXYLong
by SignalProvider
1
DXY is approaching resistance with potential for a reversalFundamental Perspective: The US ISM Manufacturing PMI rose to 47.2 in Aug but fell short of the 47.5 forecast. This marks the 21st monthly contraction in US factory activity over the past 22 months. This persistent weakness highlights the strain of high Fed interest rates on the manufacturing sector. The focus remains on the US jobs data, where further softening of the labor market could bolster expectations for a 50 bps rate cut and weigh on the dollar. Technical Perspective: The dollar pared recent losses but remained within the descending channel, with the price approaching the 102.50 resistance. If DXY regains its bearish momentum below 102.50, a further decline to retest the 100.60 swing low might occur. MACD is also holding below the zero threshold, supporting the potential for further downside. Conversely, if DXY breaks above the 102.50 resistance and channel's upper bound, the index could extend its gains to the 103.80 resistance.
TVC:DXYShort
by lixing_gan
Daily Technical Analysis of Gold,Currencies,and Indices 4/9/2024Daily Technical Analysis for Gold, Currencies, and Indices - 4/9/2024 Introduction Welcome, I’m Mohammed Qais Abdulghani, a financial markets expert, bringing you my detailed outlook on the most significant currency pairs, commodities, and financial indices for today, Wednesday, September 4, 2024. First, let’s review the key economic data expected today, which could impact price movements upon release: • Tuesday, September 3 Session: The release of the Manufacturing Purchasing Managers’ Index (PMI) and the Manufacturing PMI issued by the Institute for Supply Management (ISM). The figures came in below expectations, indicating a slowdown in manufacturing activity and weakness in the U.S. economy. This decline could negatively impact the U.S. dollar, as markets might interpret this data as a signal that the Federal Reserve may adopt more accommodative monetary policies and move away from tightening measures to support the economy and avoid recession. • Wednesday, September 4 Session: The U.S. job openings report is scheduled to be released at 5:00 PM Mecca time. Analysis of the U.S. Dollar Index (DXY): We observe that the U.S. Dollar Index is trading under pressure near the previous closing level. Trading below the 102 level keeps the index within a bearish trend channel, making it vulnerable to further decline towards the 100.3 and 99 levels in the medium term. The dollar will not experience positive corrections unless it surpasses the 102 level. EUR/USD Pair Analysis: The pair remains stable above the key support level at 1.1000. Attempts are ongoing to end the corrections and rise towards 1.1200. This bullish scenario will remain valid unless the price breaks below the 1.1000 level. GBP/USD Pair Analysis: The pair is attempting to break below the 1.3100 level. If prices succeed in breaking this level, the pair will enter a downward corrective wave targeting 1.2970 and 1.2850. USD/JPY Pair Analysis: The pair is attempting to return to the downward trend. Breaking the 145 yen level and moving below the 55-day moving average may end the positive corrections and return the pair to the downward trend targeting 140 yen. USD/CHF Pair Analysis: The pair is hovering around the previous closing level. A return below the 0.8510 level could push the pair back into a negative trend, targeting 0.8370 and 0.8240. AUD/USD Pair Analysis: The pair is stabilizing below the 55-day moving average and below the previous closing price. Breaking the 0.6670 level could push the pair back down towards 0.6500. NZD/USD Pair Analysis: The pair is declining and stabilizing below the 0.6225 level. Remaining below this resistance could lead to a continuation of the downward trend towards 0.6100 and 0.6000. USD/CAD Pair Analysis: The pair is attempting to resume the upward trend and end the corrections. The pair will only succeed in this by breaking through the 1.3600 level, potentially targeting 1.3750 and 1.3950. GBP/JPY Pair Analysis: The pair remains under downward pressure. It will not be freed from this pressure unless it breaks above the 196 yen level, which could restore the upward momentum towards 202 and 208 yen. EUR/JPY Pair Analysis: The pair is trading under pressure. Remaining below 164 yen could lead to a continuation of the downward trend towards 158 and 153 yen. EUR/GBP Pair Analysis: The pair is trying to regain upward momentum in the short term. Surpassing the 55-day moving average and climbing above the 0.8450 level could lead to a rise targeting 0.8575 and 0.8650. USD/TRY Pair Analysis: The pair is attempting to end corrections and regain upward momentum. A return above the 34 lira level could restore gains and push prices towards 34.50 and 35.00 lira. BTC/USD Analysis: Bitcoin is under pressure. Trading below the 60,000-dollar level may keep it under downward threats towards 52,000 and 44,000 dollars. Surpassing the 60,000-dollar level is necessary to relieve Bitcoin from selling pressure. ETH/USD Analysis: Ethereum is still under pressure. Staying below the 2700-dollar level may lead to a continuation of the downward trend towards 2100 and 1800 dollars. XRP/USD Analysis: Ripple is hovering around the critical support level of 0.55 dollars. Breaking this level will lead to a continuation of the downward trend towards 0.48 and 0.44 dollars. Gold Analysis (XAU/USD): Gold is trading above the upward trend line. Staying above the 2460-dollar level keeps the bullish scenario intact, with the possibility of reaching new levels if the 2520-dollar level is breached. Breaking the 2460-dollar level may push gold back into deep corrections towards 2400 and 2325 dollars. Crude Oil Analysis (WTI): Crude oil is trading under pressure. Breaking the 73-dollar per barrel level may lead to a price drop towards 70 and 67 dollars. Silver Analysis (XAG/USD): Silver is showing negative behavior. A return above the 29-dollar level is necessary to maintain positivity, while a decline could target 27.5 and 26 dollars. Natural Gas Analysis (NG): Natural gas is at a critical psychological barrier at 2.20 dollars. Exceeding this level could lead to gains towards 2.40 and 2.60 dollars, while failing to break it could push prices back down towards 2.00 dollars. Dow Jones Industrial Average (DJI) Analysis: A price drop to the 41,000-point level reinforces the negative scenario towards the 40,000-point level. Stability above the 41,000-point level is crucial to avoid further decline. S&P 500 (SPX) Analysis: The index is approaching a significant support area at 5500 points. Breaking this support could lead the S&P 500 down to 5300 points. NASDAQ Analysis: Stability above the 19,250-point level enhances the chances of rising towards 24,000 and 25,000 points. Breaking the 19,250 level could lead to a decline towards 18,250 points. Russell 2000 (RUSSELL 2000) Analysis: The index is declining, approaching a crucial support at 2150 points. Breaking this level could lead to further declines. FTSE 100 (FTSE 100) Analysis: The index is trading below the 8400-point level. Stability above this level is necessary to regain positive momentum. DAX (DAX) Analysis: The index is attempting to break a significant support level at 18,750 points. Breaking this support could lead to a free fall towards 18,200 points. CAC 40 (CAC 40) Analysis: The index is trying to return to the downward trend. Stability below the 7600-point level may push the index towards further declines to 7200 points. Nikkei 225 (NIKKEI 225) Analysis: The index is declining with the return of yen strength. Stability above the 37,000-point level is necessary to maintain a positive scenario, while breaking this level could lead to a decline towards 35,000 and 33,000 points. In Conclusion: We have reached the end of today’s daily technical analysis. Thank you for following along, and we wish you a successful trading day. Stay safe. 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
Could price bounce from here?The US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could reverse to the pullback resistance. Pivot: 101.52 1st Support: 101.04 1st Resistance: 102.14 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