After breaking down Trendline Dxy is consolidatingAfter breaking down Trendline Dxy is consolidating at range of 100.5 to 102
USDX trade ideas
DXY, Elliott wave analysisDXY, Elliott wave analysis
Outlook for XAUUSD on 3D chart.
There have been no changes since the last update.
I think we are in sub-wave (3) of the upper degree wave ⅲ.
The market remains volatile. The corrective wave may continue for a while.
If it can break through a chanell line (Red), it will probably become bearish.
Last time, my idea:
Apr 21, 2024. Long-term analysis.
Aug 25, 2024. Middle-term analysis.
DXY SUPPORT AHEAD|LONG|
✅DXY is going down to retest a horizontal support of 100.500
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 101.388
LONG🚀
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DXY UPDATED w/ Eurozone Interest Rate & U.S. Jobless Claims originally posted here . 102.500 DXY in the coming weeks?
The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions.
Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market.
This divergence in data is likely to put pressure on EUR/USD, with the U.S. dollar gaining strength from robust employment figures while the Euro remains steady amid unchanged monetary policy. I’ll be watching for potential bullish DXY into the next trading sessions.
DXY Bullish Bias: Price Action & Data AlignmentWhile U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend.
Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks.
Blue ATR is monthly
Purple ATR IS weekly
USD - A Higher-Low for This Week After the Oversold W1 Read I had published an idea on the weekly oversold reading in DXY ( linked here: ) in late-August and as I said then, those are rather rare, and the last time we had one of those was in January of 2018.
In that episode it took about three months of grind after the oversold reading for bulls to take over. And we haven't yet taken that low out since. But that's a single sample and RSI is a lagging indicator - so we have to be careful of drawing too much from that data. It does however highlight how the trade became crowded after a prolonged trend showed on a longer-term chart and as we've seen since the most recent instance, bears haven't been able to continue the move. And, as a matter of fact, there's been a more recent build of higher-lows.
Last week showed a higher-low around the NFP release, and then this week showed a higher-low after the ECB 'rate cut rally.'
The point of consternation here is USD/JPY and the carry trade. That pair hasn't yet touched the 38.2% retracement from the trend produced by the carry trade and that says that there could be much more to go. This is something that could be driven by next week's FOMC rate decision; and perhaps more important than whether its 25 or 50 bps is the question of how aggressive the Fed expects to be in November, December or through 2025 trade. This will be transmitted through the dot plot matrix and if it shows the FOMC leaning hard into a dovish posture, carry trades in USD/JPY could be further compelled to show greater unwind and that's something that could continue to drive the USD-lower.
On the other hand, if the Fed takes more of a wait-and-see approach, carry trades could be a bit less alarmed and given the support that's just come into play in USD/JPY, there could be some short-cover from shorter-term traders that could lead to more of a bounce-type of scenario.
Also of interest on the long side of the USD is just how elevated EUR/USD remains despite the fact that Europe isn't exactly in a more-healthy spot, economically speaking, than the US. - js
DXY 12M Chart Bearish at Top Bands! (Must see chart) DXY could be looking at a gruesome bear market, I don't know when it will start and how it will look, but this seems to me like a VERY clear chart and direction for the future, long term. Not going to be buying USD soon!
Perhaps GBP and Gold will pump huge, like cryptos!
DXY ▬▬▬▬ FEDERAL FUNDS RATE ▬▬▬▬ 18/09/2024The beginning of the crypto season .
A leading interest rate could be the start of a crypto bullish move
And in my opinion, after a correction until the beginning of the new month, it can continue to decline again and suffer in the balance zone of 95 to 100.
Completion of the correction of the dollar index DXY.H4 13.09.24Completion of the correction of the dollar index DXY
The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers.
From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the process
DXY: Strong Bearish Bias! 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 100.823
Wish you good luck in trading to you all!
The 4HR USDX W-Bottom Rocketing USD - Today!
I know it reads like a headline in a newspaper trying to sell the Sunday paper, but that is really not me. But I am also not the kind of person who finds keeping a good secret - a secret.
We are all here on Tradingview to watch each other's backs in a risk management and learning experience kind of way, in relation to being a consistent and profitable trader.
A couple of things to be aware of today in your Friday-trading. I am quite convinced that the USDX will be propelled upwards & finally through 101.85 causing a sustained breakout in the dollar over the next several days to a week.
I see this occurring right before, at the open or within in an hour or 2 of the NY market session today. What reason(s) do I have to be propagating this type of fear and panic into Traders today. I will tell you right below!
The 4HR W/Bottom is now properly formed. Well the finishing touches are being made to the right-side of the W as I write, which will give the dollar plenty of relative strength. Helping that cause? Well of course that would be the momentum -oscillators RSI & Stochastic's on the higher timeframes.
I watch these a lot in my own trading because they warn me about supply/demand levels especially when commodities, currency's, stocks, metals etc, enter their overbought and oversold zones - for example the USD has been beaten down the past month or so and it's now oversold, but when something is oversold, provided that it's a commodity, currency or thing that people want and demand again, it's oversold state becomes one with increasing buyer demand at cheaper prices - then boom - breakout.
I will be watching closely the Vix Index as well. I see it possibly breaking higher than 15% today and as for Gold - well after yesterday's shot-in-the-arm, I for one will be Shorting it back to 2430 to 2450 levels.
Finally, take a look at the following current 4HR USDX chart. What I see occurring with the Oscillators' is that the RSI / Stochastic's on the 1HR, 2HR, 4HR Daily & Weekly Charts, will cross-up out of their oversold condition's concurrently and simultaneously, igniting the USDX off it's W-Bottom and smashing through 101.85 without so much as the blink of an eye.
Maybe I am a looney you are thinking? Yes, but a looney who capitalises ahead of time.
DXY-BUY strategy 3DAILY Heikin Ashi chartShort-term we still have some selling pressure, but looking at the future direction, it feels we may see a move beyond 102.00 again.
Strategy BUY @ 100.85-101.15 and take profit @ 102.50 for now. SL based on your own risk appetite.
DXYBoth weekly and DAily timeframe concluding that we have a strong Bearish Pennant Pattern on both timeframe so strong bearish momentum expected. Expecting TP at 99.650 as it is nicely aligned with previous structure.
DxyThe market printed out a nice impulse and corrections and then w and m pattern which currently it is abouve the m pattern if it rejects there we can expect more bullish momentum.
DXY Will Go Lower! Short!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 101.006.
Taking into consideration the structure & trend analysis, I believe that the market will reach 99.601 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
rally drop setup loadingDXY H1
Price is in a down trend which recently broken below a price structure at 101.366 we are going to use this area as our key price during the NY session for any sell opportunities give that price retest this level. A price gap is seen which has been tested and respected by price and we are going to monitor price action area the gap expecting a spike in price towards our broken level as we consider the bearish pressure in current price movement.
We are targeting the swing low at 100.538.
#DXY 4H On the 4-hour chart (4H) of DXY (U.S. Dollar Index), the price is currently in a downtrend, indicating a strong sell opportunity.
Sell Levels: 101.200 - 101.500
The price has reached a potential selling zone between 101.200 and 101.500, which is acting as a resistance range in the current bearish trend. This is a strategic area to consider short positions as the market may struggle to break above this level.
Target Level: 99.500
The expected downside target for this move is around 99.500, a key support area where the price might find some buying interest or consolidation after the bearish move.
Key Factors:
Downtrend: Lower highs and lower lows dominate the price action.
Resistance: The price faces strong selling pressure near 101.200-101.500.
Momentum: Indicators like RSI and moving averages suggest the trend is firmly bearish, with room to fall toward the 99.500 support.
Trading Strategy:
Entry: Look for short entries near the 101.200-101.500 range.
Target: Aim for the 99.500 level as the profit target.
Stop-loss: Consider placing a stop-loss above 101.500 to manage risk effectively.
This setup offers a favorable risk-to-reward ratio in line with the ongoing downtrend.
DeGRAM | DXY rebound from the retracement levelDXY is moving under an ascending channel between trend lines.
The price has reached the lower boundary of the channel and 62% retracement level.
We expect a rebound.
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US DOLLAR - Boxed RangeUS DOLLAR is trading SUPPORT and RESISTANCE zones within a boxed RANGE.
It is respecting a range of 100.53 - 101.93, with respective bounces on either end, keeping it within its BOXED RANGE.
When I'm speaking about a BOXED RANGE, what I mean is that the RANGE ISN'T TIGHT like a normal range, where its looking for volume before a big move, these types of ranges have volume and are easier to read as they respect KEY ZONES, for example right now they are respecting 100.53 - 101.93.
We should wait for the US DOLLAR to enter either SUPPORT or RESISTANCE to enter a trade, we can wait for a rejection + bounce or wait for a breakout.
If the US DOLLAR breaks to the downside (BEARISH) I would expect for the overall US markets to continue it's BULLISH movements, as usually the US MARKET IS INVERSELY PROPORTIONAL TO THE US DOLLAR INDEX...
Conversely if it shows BULLISH signs and begins to move towards the SUPPORT ZONE, I will be looking for the US MARKET to move BEARISH.
Gold Making New Highs, Can The Dollar Make New Lows? Hey there,
So, things are really starting to shape up and the markets are really beginning show its hand as we head ever closer to the much anticipated rate cut scheduled to happen next week Wednesday.
That being said, now is the time for traders to begin positioning themselves to take advantage of much anticipated rate cut as the chances of a rate cut becomes more and more certain.
If you'd like to know how you can take advantage of these moves, be sure to check out this weeks video and feel free to reach out if you have any questions.
Uptrend It is expected that the current downtrend will end in the current support range and we will see the beginning of the uptrend.
DXYDXY has broken above a key level of supply indicating a bullish momentum is still active. Presently we have profit taking going on that will send the dollar slightly lower acros s the board before the bullish move continues.
