DXY IndexPair : DXY Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Breakout of Lower Trend Line Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves Demand Zone as Supportby ForexDetective3
DXY SHORTDXY under pressure! SELL! 🔥My dear friends, Below is my technical forecast for DXY: I expect the price to drop one foot lower, I expect the price to rise at the end of this week. Bias - Bearish ——————— Target - 103,670 👉#DXY 💹Time frame: 15H (signal) Shortby SANDOVSKI1
** Dollar index enters bull market - Life cross prints **On the above 2 day chart price action has entered a bull market. We define this as: 1) The 2-day 50-day SMA (blue line) crossing up the 2-day 200-day SMA AND 2) Price action above the 2-day 200-day SMA. Both of those conditions have now confirmed. The Dollar index is in a bull market. The previous life cross (idea below) printed in November 2021. The dollar index rallied 20% after the cross, I’m sure you noticed. Is this another 20% bull market like 2021? Unfortunately, it is looking that way. However much higher. Not only that but there is evidence to support a faster rate of change in the uptrend. At the moment the dollar index remains in a trading range that began in November 2022. Markets are likely to remain unaffected until the index exits that range. A bull flag has printed since the trend reversal and life cross. The bull flag extension would take price action outside the trading range. When this happens AND past resistance confirms as support… be in cash. No stocks no crypto no metals no animal spirits. This bull market has a 1st target area with the index rallying to 130. Yes you read that correctly. A detailed explanation of why and when this is likely to happen is written elsewhere. Ww November 2021 Life cross Longby without_worriesUpdated 171720
DXY IN WWe have a correction to the middle of the channel and then in the form of a wave of 5 channel overlaps The general pattern is a triple zigzagby hrg1370Updated 229
A Boost Ahead For US Index?Dear Traders, PEPPERSTONE:USDX Here is my technical analysis view for USD INDEX. The USD might rose up to 107.500 level in upcoming weeks after touching the 4th Support point in Ascending Channel. This is also was supported by SMA 200 crossing the yesterday Hammer Candlestick. If the today session successfully closed up, we can expect the dollar is in bull run. Longby ERUDITE_88Updated 4
Day Is BullishLooking for buys opportunities since well the price is at the demand zone and already showing signs of bullish movements Happy tradingLongby ellcothleoma026
DXY ANALYSISUpdate on DXY. The past two weeks we have seen an increasing bearish orderflow on DXY. We are still trading in the April Range but failed to make a new high. From last week we saw news fuel price to move lower. If we fail to make a new high and no break in the current trading range, we can deduce we have no clear orderflow bias on the higher timeframe (Daily, Weekly etc). With this idea we have to wait for June and April lows to be breached before we can deduce long term direction. If this happens we are most likely trading to the equilibrium of the current yearly range and can look for sells to that. Also we can take the lows and still reverse as liquidity has been purged, to take highs and continue bullish. Due to lack of direction at the moment I have been sitting on my hands for 2 weeks waiting for clarity. Lets see what the weekly range does then we speculate the next move. Happy trading!!!by ThePatientTrader_1
Short Count for DXYsince precious metals and crypto both looking bullish, I think this is a short, looks like a setup for a 5 wave impulsive move to the downside Shortby Spocks-BeardUpdated 11118
Levels discussed on Livestream 15th July15th July DXY: Needs to stay below 104.50 to remain bearish, look for completion of retracement to retest 104 round number support level. NZDUSD: Buy 0.61 SL 20 TP 50 AUDUSD: Sell 0.6785 SL 20 TP 55 USDJPY: Sell 157.50 SL 60 TP 160 GBPUSD: Buy 1.3020 SL 30 TP 70 EURUSD: Sell 1.0875 SL 20 TP 65 (Hesitation at 1.0850) USDCHF: Looking for reaction at 0.89 USDCAD: retrace and break higher, Buy 1.3660 SL 20 TP 90 (Hesitation at 1.37) Gold: Needs to break 2420 to trade up to 2450 by JinDao_Tai5
USDX key support 104.0On the daily chart, USDX is fluctuating downward, and bears are in the ascendant. The current key support is at the 104.0 mark, and if it falls below it, it will continue to fall, with the downward target looking at around 102.8. When the market reaches around 102.8, you can pay attention to the potential bullish bat pattern.Shortby XTrendSpeed1
DXY D1 - Long from 104.000 DXY D1 This really wasn't the expectation of the market open we were anticipating. Given the Trump assassination attempt, I was expecting some more market uproar, for US stocks to fall and XAUUSD to climb. As you would expect from typical risk off markets. The reason for this, is market uncertainty and follow up headlines. That being said, we are very early on in the trading day/week. Lots to come out this week, expecting a week full of volume and excitement. 104.000 has been the play for some time now. We simply continue this until this zone break and other trading ranges are formed.Longby Trade_Simple_FX2
Possibility of changing the trend If there is a trend change in the current support range, it will be possible to start an upward trend up to the specified resistance levels. Otherwise, the continuation of the downward trend will be formed up to the specified support range Longby STPFOREX5
DXY Will Go Down From Resistance! Sell! Take a look at our analysis for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 105.509. Considering the today's price action, probabilities will be high to see a movement to 105.081. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 111
Bearish DollarPotential Mon-Wed High then sell off. Remember, Since we are sellers, we want to wait for a premium PD array to get short. I cant wait for Time and Price ;)Shortby OutlierTrading111
Weekly Recap & Market Forecast $SPX (July 14th —>July 19th)Market Forecast (Updated 07/14/2024) **SPX**- As we predicted last week, market was bullish, We also saw lower than expect CPI and PPI data which pushed the chance of a rate cut to 88% in September. Due to the chance of rate cut actually happening, we are seeing rotation into small cap stocks and industrials. Next resistance $5626 and $5655 Next support $5490 and 5385 Weekly Sentiment = Slightly Bearish **Chart Analysis:** () **Dollar Index:** DXY- As rate cut chances increase and JPY FX started to increase, we are starting to see weakness in the dollar. Next resistance $105 Support $104 Sentiment = Oversold **Put to call Ratio: 1.56 —> 1.31 Next FOMC date: July 31, 2024** **Fear & Greed Index: 54—>56**04:04by WallSt0071
DXY 12M levelsTrying to give the possible DXY 12M levels for this this year and the next year, light red showing possible level for the current year and the dark red for the next year, will add monthly level also in comment section by omvats1Updated 2240
Long From SupportUS Dollar Index (DXY) is reacting off the support level and could rise to the upside.Longby ChrisLaw12216
DXY Trading JournalDXY Trading Journal July 14 Ideas I suspect that Price will seek the 50% level at 104.294 potentially for the high Monday. With 2 red folder news and the trump thing I consider that it could be a volatile week. With Price being so close to the 50% on the daily range its likely to see Price bear to the 103.987 level and then potentially stall to collect orders before committing to a larger trade idea of bear of bullish conditions. by LParnell0
Is the Dollar (DXY) About to Shock the Markets? Take a look NOW!DXY Analysis: Potential Bullish and Bearish Scenarios Overview: This analysis of the U.S. Dollar Index (DXY) on a 4-hour timeframe outlines potential bullish and bearish scenarios based on price movements and key levels. Bullish Scenario: For a bullish continuation, we need to see: Corrective price movement in the area of the blue box. An impulsive move above the last short-term high, forming a liquidity zone (LQZ) on a lower timeframe, or a bullish pattern such as a bull flag on the 1-hour or 15-minute chart. Bearish Scenario: For a bearish continuation, the following conditions should be met: A clear impulsive move underneath the blue transparent box structure. Confirmation of the break below, either through the formation of a LQZ or a bearish pattern, indicating a continued push lower. Possible False Breakout: There is also the possibility of a false breakout, where the price briefly breaks a level but fails to sustain the movement, reversing direction instead. Mindset Lesson: Handling Uncertainty and False Breakouts: Stay disciplined and stick to your trading plan. Embrace flexibility and be ready to adjust your approach. Manage risk effectively. Be patient and wait for the right setups. Learn from each trade to continuously improve.by Adlercon3333
DXY currently bearish ? (REACTION FROM 104.400)My DXY bias this week is to generally expect a greater downside. I anticipate a small retracement back up before making a new low. Given the recent significant news and the incident involving Donald Trump, we should be cautious and avoid trading at market open, as a major move or spike is likely due to its impact on the US economy. Once the market settles, we will assess and adapt to the most probable scenarios. There's an 18-hour demand zone currently in play, and if price continues to drop, I expect a bullish reaction from the 21-hour demand zone. Shortby Hassan_fx17
DXY Trading Journal Analysis DXY Trading Journal Analysis July 13 Since March Price has been in a Premium range market. Will Price shift market structure and plunge below the 50 and seek equal lows this coming week? Or will it bounce off the 50% and bull again? Impressive week of Price delivering lower prices as it did seek the 50% equilibrium almost made it. Cool to see Price bounce off the .62 percent to swing back up to 50% to accumulate more orders before bearing down. Price did rebalance the Daily BISI and the1 hour IFVG at range my suspected target of 104.000 for the low target, to which the actual was 104.041. I expect retracement to the range of 104.600 weeks high target. I also expect the sell stop target of 103.880 to be taken this week for the weeks low target. by LParnell0
Usd is undervaluedPrice is currently below the 200 dma june close, which means a good opportunity to stock up on dollars in preparation for it's rise. Trump was almost assassinated but he lives. You now know who's on the wrong side of history. My speculation is he will make USA better.Longby LittleSovi0
R2F Weekly Analysis - 14th July 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! My short-term bias for DXY has switched to bearish and continues to be. We had a big displacement down during CPI. Now I am looking for a retracement on all pairs in order for a trend continuation. There should be some juicy trades coming! See my video analysis for a full breakdown of my thought-process. - R2FShort16:26by Road_2_Funded2