DXY INDEXPair : DXY Index
Description :
Completed " 1234 " Impulsive Waves
CHoCH
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 50.00%
Impulse Correction
USDX trade ideas
DXY View!!The U.S. dollar remains the world’s dominant currency despite nearly constant hand-wringing over its potential demise. And its resilience may be despite, rather than a result of, actions by U.S. officials, a London-based currency strategist argued Thursday.
“Most policymakers consider preserving the value of their currency as an important consideration. To many it can become the paramount consideration when times are tough,” said Steven Barrow, head of G-10 strategy at Standard Bank, in a note.
“But to U.S. policymakers it seems that there is a death wish when it comes to the dollar,” he wrote.
FULL DXY ANALYSISHello my wonderful community !
it’s been a while I posted.
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2010, price has been in an uptrend by making higher highs and higher lows.
Price keeps breaking major resistance areas and turning them to dynamic support areas and respects the EMA 50 anytime it makes a correction.
Take note as price is trending upwards and respecting the channel constructed.
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that price entered a range from 2017 until 2022 before the bulls came in fully in early 2022 and made an Uptrend and breaking the resistance with bullish candles before exerting a correction and respecting the newly formed support.
My Daily chart view:
I also noticed a range forming due to this same correction between the areas marked in red.
Notice the double top indicating a reversal after the break of the neck line. After the invalidation of the Red daily trend line by the break with bearish engulfing candle, The bears take full control driving the price down to an area of Demand.
Price is in a downtrend as this is due to the correction observed in the bigger timeframe
To play safe i feel i can capture a buy setup after the break and retest of the upper red resistance but that will take forever.
My 4H chart view:
I capitalized on this trade by executing based on my trading strategy with a nice sell setup after the break of the neckline with a risk: reward of 1:2.
So I’ll go further and look for buy Setups as we are in this same 4H time frame
Price currently approached an Area of Demand (this area also serves as a major support zone and has been respected multiple times )and bulls seems to be coming in strong with rising momentum.
My 1H chart view:
Sometimes we just have to go further with the believe that the market will reveal its hand , so I’m patiently waiting for buy setups as price is gaining momentum with the EMA 14 crossing over the EMA 50 and price still respecting the area of Demand and major support zone.
DXY Will Go Lower From Resistance! Short!
Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 101.728.
The above observations make me that the market will inevitably achieve 100.553 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!
Navigating Critical Market Levels: DXY & NAS100 Analysis👀 👉 The DXY and NAS100 are currently at pivotal points, with price action flashing caution signals. The DXY is probing key liquidity levels, while both DXY and NAS100 are showing signs of structural shifts in their trends. It could be prudent to approach the market cautiously today, waiting to see how the USD develops during the New York session and into Tuesday.
Disclaimer: The insights shared in this video are for educational purposes only and should not be considered financial advice. Always conduct your own analysis or consult with a financial advisor before making any trading decisions. 📊✅
DXY: Move Up Expected! 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 101.820
Wish you good luck in trading to you all!
DXY - ANALYSISHello friends
I want to share my opinion about the dollar index with you
The US dollar has strongly broken the 101.625 ceiling, personally I am waiting for a pullback towards the 101.400-101 area to look for the US dollar to rise from that area.
My first target for the dollar index is 102.420
Trade safe
Dollar Index Chart View...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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Dollar Index analysis by the Mallicast teamThe Mallicast team has provided their analysis of the Dollar Index on the 1-hour timeframe as follows: Initially, it is predicted that the Dollar Index will drop to the level of 101.554. After that, a strong upward momentum is expected, reaching a price of 101.748. This will be followed by a correction in the upward movement with minimal price fluctuation, and the upward movement is expected to continue until it reaches the price of 102.013.
Happy Labour Day!2nd September
DXY: Within the bullish channel, (upside) could trade up to 102 resistance, needs to break 101.80. Downside only if price breaks below 101.50 (23.6%)
NZDUSD: look for reaction at 0.6220, Sell 0.62 SL 25 TP 60
AUDUSD: Buy 0.6810 SL 20 TP 40
GBPUSD: Sell 1.31 SL 40 TP 65
EURUSD: Look for reaction at 1.10 round number support level
USDJPY: Look for reaction at 147 resistance level
USDCHF: Sell 0.8460 SL 20 TP 55
USDCAD: Buy 1.3525 SL 20 TP 70
Gold: Break above 2500 to trade up to 2515 and 2530, needs to stay above 2480
DXY looking for some for correctionDXY would continue its downside to the round level of 100 if it remains below 102.300. Refer to the chart for info.
DeGRAM | DXY rebound from the extension levelDXY is moving in a descending channel between trend lines.
The price has reached the 100% extension level and is now trading above the support.
The chart has formed a pattern AB=CD.
We expect a rebound.
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Change the trend It is expected that after some fluctuation to the specified resistance range, a trend change will take place and we will witness the beginning of the downward trend.
If the index crosses the level of 78.6%, the continuation of the upward trend is likely
DOLLAR INDEX (DXY): Bullish Trend Continues?!The Dollar Index is experiencing a slight upward trend in a rising wedge pattern on a 4-hour chart. The price reached a new high on Friday, breaking through a strong horizontal resistance level.
This indicates strong buying activity. The price is now testing the previously broken level, which could lead to continued growth this week.
The next resistance level to watch is at 102.30.
Still Bearish on DXYDXY can see some correction to the upside and reach 102.5 or even climb up to 103.5 before September 18, 2024, which, most probably we'll see the first rate cut after a long time.
So be patient and wait for this week's NFP.
Check out my post on June 11 to see how DXY followed our yellow scenario. 😉
Reaction of USDJPY along with expected targets
We are looking to take out the highs before looking for a medium-term reversal mid-week.
DXYWe looking for the dollar to keep up with the bullish momentum it has been moving in with since the change of trend resulting in us having buys to complete the reversal structure| 1H TIMEFRAME
Dollar Index - Risk Off Dolllar?The macro dealing range high to low's equilibrium is 102.106 and since we have traded below it, Sellside imbalance buyside inefficiencies has printed in and around this area.
102.009 - 101.850 draw?
102.106 overall weekly draw
MONDAY: 0 RED FOLDERS
TUESDAY: 2 RED FOLDERS
WEDNESDAY: 5 RED FOLDERS
THURSDAY: 4 RED FOLDERS
FRIDAY: 5 RED FOLDERS
Expect fireworks next week!
Viper Sunday Weekly Breakdown Sunday's we like to breakdown the upcoming week on a variety of charts. With this Sunday landing on the 1st of the month it's also important to zoom out and take a look at the monthly charts. We go over DXY,Gold,Oil, US30, GBPJPY, USDJPY and a few other forex pairs. NFP week ahead let's crush it!!
BULLISH ON DXY THIS WEEKToday's analysis of the DXY (Dollar Index) suggests that we may see continued upward movement, as we are currently in a discount zone with a fair value gap above these levels.
Dollar 4hr Analysis1 Day Time frame
Dollar has been bearish for a couple of days how, ever after reaching a major support zone last week, Dollar bounced back from the support and its currently on a minor uptrend
Dollar: 4hr Time frame
When i spotted the double bottom last week, i knew there is a high probability for dollar to rise from this support.
This week, i expect dollar to continue to rise up to the 102.500 key area.Before we may possibly see the bearish continuation or breakout to the upside.
Fundamentally, US FED may likely cut interest rate this month, which will push the price of dollar down
Daily Technical Analysis of Gold,Currencies,and Indices2/9/2024Daily Technical Analysis of Gold, Currencies, and Indices - 09/02/2024
Introduction
Hello, I am Mohammed Qais Abdulghani, a financial market expert. Today, I am presenting my detailed outlook on the major currency pairs, commodities, and financial indices for Monday, September 2, 2024.
This week, several significant economic data releases are expected to have a substantial impact on financial markets. These include the U.S. Manufacturing PMI, the Job Openings Report, the Non-Farm Private Sector Employment Change, Initial Jobless Claims, the Services and Non-Manufacturing PMIs, the U.S. Crude Oil Inventory Report, Average Hourly Earnings, the Non-Farm Payroll (NFP), and the Unemployment Rate. Analyzing these data points will help determine the inflation path and make informed decisions regarding future monetary policy.
Analysis of the U.S. Dollar Index (DXY)
This week, several important economic data points have been released in the United States, impacting the performance of the U.S. dollar and gold. Although the Federal Reserve’s preferred inflation measure came in below expectations in July, the U.S. Dollar Index saw an increase, exerting some pressure on gold. This immediate reaction might provide an opportunity for price correction, as the U.S. Dollar Index continues to trade within a major descending channel. Unless the index can break above the 102 level, any rise will be considered a correction. So far, staying below the 103.2 level indicates further correction, with possible declines to 100.3 and 99, based on upcoming economic data.
Analysis of EUR/USD
We observe that the EUR/USD pair is currently correcting and approaching significant support at the 1.1000 level. A break below this level could push the pair back into a downtrend toward 1.0851 and 1.0700 levels. The bearish scenario will only be negated if the pair manages to hold and rebound above 1.1000, which could lead to a rise toward 1.1200 in the near term.
Analysis of GBP/USD
The GBP/USD pair is nearing critical support levels at 1.3100. A break below this support could lead to a sharp downward move targeting 1.2970 and 1.2850 levels. To maintain the upward trend, the pair must stay above the 1.3100 level.
Analysis of USD/JPY
The USD/JPY pair is attempting to form a minor upward trend. If prices manage to break above 106 or 105 yen per dollar, we might see a rise towards the 149 and 153 yen levels. The bullish scenario will be invalidated if prices drop below 145 yen.
Analysis of USD/CHF
The USD/CHF pair remains under selling pressure. If prices stay below the 0.85100 level, the pair could decline further towards 0.83700. A break above 0.85100 could lead to an increase towards 0.84200.
Analysis of AUD/USD
The AUD/USD pair is attempting to enter a downward correction, but as long as prices trade above the 0.6700 level, the bullish scenario remains intact. A break below 0.6700 could push prices back to the 0.6500 level.
Analysis of NZD/USD
The NZD/USD pair maintains its upward stance as long as prices remain above 0.6250. The main scenario is a continued rise towards 0.6345 and 0.6450 in the near term.
Analysis of USD/CAD
The USD/CAD pair is trading under pressure, and as long as prices remain below the 1.3600 level, a continued decline towards 1.3450 and 1.3300 levels is expected in the near term.
Analysis of GBP/JPY
The GBP/JPY pair is under pressure, with prices staying below 196 yen potentially pushing the pair towards 184 yen. Exceeding the 196 yen level is necessary to alleviate selling pressures.
Analysis of EUR/JPY
The EUR/JPY pair is trying to break free from selling pressures. If it manages to surpass the 164 yen level, we could see increases towards 170 and 174 yen. However, as long as it stays below 164 yen, a decline remains possible.
Analysis of EUR/GBP
The EUR/GBP pair remains under selling pressure below the 0.84500 level, supporting a bearish scenario towards 0.83750 and 0.83 in the near term.
Analysis of USD/TRY
The USD/TRY pair faces selling pressures. A break below the 34 lira level could lead to deeper corrections towards 33.5 and 33 lira, while staying above 34 lira may provide an opportunity for a rise.
Analysis of Bitcoin vs. USD
Bitcoin remains under downward pressure, with prices staying below the psychological level of 60,000 USD, potentially targeting levels of 52,000 and 44,000 USD in the medium term.
Analysis of Ethereum vs. USD
Ethereum is trading under clear selling pressures, and as long as the price remains below 2,800 USD, further declines towards 2,200 and 1,600 USD may be observed.
Analysis of Ripple vs. USD
Ripple is attempting to relinquish its gains, with a break below the 0.55 USD level potentially driving it into a bearish wave towards 0.48 and 0.40 USD in the medium term.
Analysis of Gold
Gold is retreating following the release of the inflation index that came in below expectations. However, as long as prices remain above 2,460 USD per ounce, this is considered a natural correction. A breakout above 2,520 USD could lead to new highs towards 2,560, 2,600, and 2,700 USD.
Analysis of Crude Oil
Crude oil is declining, approaching a significant support area at 73 USD per barrel. Breaking this level could push prices towards 70 and 67 USD.
Analysis of Silver
Silver is nearing a crucial support level at 29 USD. Breaking this level could lead to a decline towards 27.5 and 26 USD.
Analysis of Natural Gas
Natural gas is trying to regain positive momentum, but staying below 2.20 USD may lead to a decline towards 1.80 USD.
Analysis of Dow Jones Industrial Average
The Dow Jones Index is maintaining its gains above the 41,000 point level, supporting a bullish scenario towards 42,500 and 44,000 points.
Analysis of S&P 500
The S&P 500 Index is attempting to resume its upward trend. Surpassing the 5,700 point level could push the index towards 5,900 and 6,100 points.
Analysis of Nasdaq 100
The Nasdaq Index maintains its bullish scenario towards 21,500 USD, with prices remaining above 19,250 USD.
Analysis of Russell 2000
The Russell 2000 Index is attempting to resume its upward trend. Exceeding the 2,225 point level could push the index towards 2,320 and 2,440 points.
Analysis of FTSE 100
The FTSE Index is attempting to surpass the 8,400 point level, potentially pushing it towards 8,600 and 8,800 points in the near term.
Analysis of DAX 30
The DAX Index is maintaining its gains, with a possibility of targeting higher levels if it surpasses the main resistance level.
Analysis of CAC 40
The CAC Index maintains its upward trend, with expectations to target levels of 7,900 and 8,200 points in the near term.
Analysis of Nikkei 225
The Nikkei Index is trading within an upward scenario, with expectations to target levels of 40,000, 42,450, and 45,000 points in the medium term, provided it remains above the 37,000 point level.
Conclusion
This concludes the daily technical analysis session. Thank you for watching, and I 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 well-informed decisions.
1 Sep 2024 Market overview for the week on US DOLLAR INDEXBased on price action, DXY looks quite interesting. Thank you for watching and supporting us.
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