dxy uptrend is coming gu sell eu sell uj buy all 150 pips swing with senitiment increasing in relations to rate cut usd seems to have want to bounce back. with the heaad and shoulder formed in dxy. i sign of pce news been positiveLongby ShaunPowell4
DXY UPDATEThis is an update to the earlier DXY analysis. We can see that price failed to create new highs and has taken out the April and June lows. With information we can look for sells in pullbacks to inefficiencies/imbalance. Next target is the Yearly equilibrium zone. With buys on GU and EU.Shortby ThePatientTrader_Updated 112
DxyHello beautiful people hope you are well. Here is dxy idea which i shared with u guys you can see market direction in weekly and monthly wave market can retrace then go down so focus your trading pair it will help u.Shortby WiKiFX3
DxyHello beautiful people hope you are well. Here is dxy idea which i shared with u guys you can see market direction in weekly and monthly wave market can retrace then go down so focus your trading pair it will help u.Shortby WiKiFX1
BoC Rates Decision Analysis 24th July DXY: Currently consolidating, needs to stay above 104.20, for further upside potential to retest 104.80 resistance NZDUSD: Sell 0.5945 SL 20 TP 75 AUDUSD: Sell 0.6570 SL 20 TP 70 (Hesitation at 0.6540) USDJPY: Sell 154.45 SL 30 TP 65 GBPUSD: Sell 1.2850 SL 25 TP 70 EURUSD: Sell 1.08 SL 20 TP 45 USDCHF: Buy 0.8930 SL 20 TP 40 USDCAD: Buy 1.3810 SL 35 TP 80 Gold: Wait for retracement to complete, needs to break 2380 to trade down to 2350by JinDao_Tai6
DXY remains under pressure Technical Perspective: DXY broke out of its ascending trend line and formed lower swing points on the daily timeframe, with the price retracing towards the 105.00 resistance, which coincides with the breakout zone and Fibonacci confluence levels. If DXY reverses below 105.00, the index could extend its decline toward the 103.20 support. MACD is holding below the zero threshold, indicating further downside potential. Conversely, if DXY breaches above 105.00, the price could rise towards 106.00. Fundamental Perspective: Existing home sales in the US plummeted by 5.4% in Jun compared to the previous month, marking the steepest monthly decline since 2022 and the lowest sales volume since the beginning of the year. Meanwhile, unsold housing inventory rose by 3.1%, equivalent to a 4.1-month supply at the current sales pace. Longer and fewer transactions underscore a cooling US housing market and may prompt Fed easing, potentially weighing on the dollar. Shortby lixing_gan0
DXY make a poor highCAPITALCOM:DXY make a poor high, and have potential to break it. i still don't see any aggressive movement on forex right now. but the break or fail to break will be something interesting to be traded.. let's see. noted we have COMEX:GC1! already broke high of 2 days balance.. that will be something to add with .. by ruby_kinetix0
Correction It is expected that the upward trend will change in the current resistance range and we will see the beginning of the downward trend Then, according to the behavior of the price in the support range, the continuation of the movement process will proceed according to the specified paths by STPFOREX1
DXY Trading JournalDXY Trading Journal July 23 Ideas I suspected that Price would rally to my noted range of buy stops at 104.546 and the actual today was 104.535. Price is delivering to a Premium on the hourly chart.I suspect that Price will reach for the 50% level at 104.373 and rebalance the FVG. I anticipate that Price will take the buy stops at 104.546 and seek to rebalance the Daily SIBI for the weeks high target. Shortby LParnell0
DXY price analysisThe black line on the chart signifies a 4hr orderblock. As of right now that looks to be bullish support. In previous posts I outlined that I am looking for bullish price action on the DXY chart. Right now I am targeting the lower purple line for price to hit. It sits above a consolidation zone that started to form on the 11th of July. Once this price is reached I will release another chart for further bullish expectations. Longby kamaricolmn1
biden out trump in ?i really have no interest in politics only economics but the dollar will try to have a hawkish stance on despite the bad unemployement to boost dollar. whats your thoughts?Long02:01by bossmadep881
Looking forward to a positive dollar, 4hrThe DXY has a reached a strong support zone at 104,000 and we looking for a strong rejection to the upside and a very bullish week. Recent economic data shows some very positive outcome for the US economy. Inflation has finally began to cool down, with May and June CPI prints showing a downward trend. UBS analysts show a soft landing for the US economy, with inflation on a downtrend and the Feds to yield on rates The market trend of DXY show a strong market trend reversal of a Head & Shoulder which might be the beginning of bullish trend Longby AnalysisExpert9
Possible false break aboveWe are noe all looking at an accelerated drop in price given at most retailer traders are looking after the break above our range this sell will be accelerated by all the orders going into the market in expectation for price to rally when in actual it will drop as the US indices opened strong bullish this morning and a rally is expected to take place in regards to Gold as planned earlier on.by cpointfx12
Correction phase DXYDear TRADER,, i expect DXY will be start correction from 103.800 to 105.000 Area ! dont forget like&Comment please ! Regards, Alireza!Longby alirezakUpdated 6
DXY Will Grow! Buy! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 104.330. The above observations make me that the market will inevitably achieve 104.818 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. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 115
Levels discussed during Livestream 23rd July23rd July DXY: Ranging between 104.20 and 104.40, if price breaks 104.50, Inverted Head and Shoulder, could retest 104.80 NZDUSD: Sell 0.5970 SL 20 TP 50 AUDUSD: Sell 0.6615 SL 15 TP 35 USDJPY: Sell 156.10 SL 30 TP 60 GBPUSD: Bearish Flag: Sell 1.2890 SL 25 TP 110 (Hesitation at 1.2860) EURUSD: Sell 1.0865 SL 20 TP 55 USDCHF: Buy 0.8925 SL 25 TP 75 USDCAD: Buy 1.3790 SL 20 TP 50 Gold: Could retrace higher to 2410, wait for retracement to complete, needs to break 2380 to trade down to 2350by JinDao_Tai12
Markert is consolidatingPrice is ranging after a rally into our 1HR supply zone, we will monitor price to see if we are going to get a break above for a trend continuation which will give us a rally-base-rally setup. On the other hand a break below is much more expected which will give us a rally-base-drop setup a reversal pattern. Given that Gold continues to rally the drop in DXY will take place sooner than expected.by cpointfx0
USD Sell-off Sinks to Multi-Month LowsUS Dollar declines eleven of the beyond 14 days- breaks multi-month uptrend / lows USD technical guide hurdle now in view- chance for rate inflection withinside the days in advance Resistance 104.08, ~104.40, 104.90s (key)- Support 103.49/60, 102.74/99 (key), 102.35 The US Dollar Index has plunged for eleven of the beyond 14 days (nowadays could entire 12) with a 3rd weekly decline taking DXY closer to preliminary technical guide. While the medium-time period outlook stays weighted to the downside, we're in search of viable rate inflection into fashion guide simply decrease withinside the days in advance for guidance. Battles traces drawn at the DXY short-time period technical charts into the near of the month. Review my state-of-the-art Weekly Strategy Webinar for an in-intensity breakdown of this US Dollar technical setup and more. Join stay on Monday`s at 8:30am EST. Technical Outlook: In final month`s USD Short-time period Outlook, we mentioned that USD become drawing near resistance at multi-week highs and that, “losses be restrained to the 200-DMA IF rate is heading better in this stretch with a near above 105.seventy one had to gas the subsequent leg in rate. Note that losses underneath 104.15 may want to see matters crumble alternatively quickly- tread gently on a take a look at of this guide IF reached.” The index rallied some other 0.8% withinside the following days with DXY reversing off the 2023 excessive-week near (HWC) at 106.10 into the near of June (intraday excessive registered at 106.13).Longby Chart_MasterProUpdated 3
Dollar Index (DXY) DailyTechnical DXY rebounded to test the last swing high and traded sideways in a narrow range. The converging EMAs show a bearish momentum slowdown. If DXY breaks the first resistance at 104.40, the index may shift to a bullish structure and resume its recovery. Meanwhile, failure to break any price swings may prompt DXY to move in the 104.00-104.40 range. Fundamental The dollar was volatile in a narrow range. President Joe Biden's announcement to end his re-election campaign created market volatility as Trump's victory possibility declined. The Jun Chicago Fed national activity index was at 0.05, down from 0.23 but higher than the expected -0.09. The dollar outlook remains under pressure.by Exness_Official0
DxyHello traders, I’d like to share my opinion on the DXY (U.S. Dollar Index) based on daily and 4-hour analyses. From a fundamental perspective, the dollar may strengthen; however, the upcoming U.S. presidential election could introduce instability. It's essential to exercise caution during this period. Monitor price action closely and consider potential volatility driven by political events. Adjust your trading strategies accordingly to manage risk effectively. If you have any further questions or need clarification, feel free to ask!Longby somayehbasiri1
DXY The DXY price is currently in a bearish trend, moving within a major descending channel. However, our plan is to enter on the bullish side since the price has broken out of the descending trendline and completed an Elliott Wave 12345 pattern. We will enter after a bullish confirmation at a key level, anticipating the price to follow the Elliott Wave ABC correction pattern.Longby forex_info4
DXY Dollar Index Technical Analysis and Trade Idea👉🔍 We can observe that DXY has been in a bearish trend recently. However, it has experienced a significant move into a key support zone. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅07:45by tradingwithanthony3