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US DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEX

US DOLLAR CURRENCY INDEX

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DXY trade ideas

Potential Bullish Outlook for DXYFundametnal Analysis: The TVC:DXY is expected to stay strong due to high interest rates and solid economic growth, with GDP at 3% and inflation at 2.9%. The labor market remains stable, and consumer confidence is robust, despite a negative trade balance. The Fed's potential rate cuts, if coupled with positive NFP and ADP reports, could sentimentally boost the USD further. Overall, the DXY is likely to maintain its strength, driven by favorable economic conditions and strategic monetary policy adjustments. Technical Analysis: The TVC:DXY is currently testing strong support around 100.691, with the potential for a rebound targeting resistance levels at 104.100 and 105.856 if the support holds. However, a breakdown below 100.691 could signal further bearish momentum, leading to a deeper correction. Alternatively, the index may remain range-bound between 100.691 and 104.100, indicating a period of consolidation until a decisive breakout or breakdown occurs. overral view:
TVC:DXYLong
by rTrader_official
DXY, what is next bro?DXY analysis 1/09/24💵 Few things about it: DXY is oversold and it has 4h and daily FVG higher + It just tested the bottom of the global range (almost 2 years in consolidation), and most likely it will bounce till dFVG, On 15m and 1h time frame, DXY has an uptrend (MS( ChoCH) and BoS) until the uptrend on 1h is not broken I will not consider reversal on DXY DXY and EUR always fill their gaps on high time frames, before they move further and the next move on DXY will be final, so most likely it will keep going higher till 0.5 zone ( equilibrium) of this global range ~103.2-103.4 area Considering all of this I will expect EUR and all pairs that trade against USD will be bearish unless the uptrend on 1h is broken with DOUBLE shifts only then i will consider DXY's reversal
TVC:DXYLong
by Almenio
2
USD Last week,light news, USD bounce during mid of last weekHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As mentioned last week to be cautious on shorting USD , it came to play during midweek that there was a bounce. Nice. This week might see continued retracement to $102.25 area and let's see if there's more hint from this coming week's NFP for USD direction. A couple of high impact news for USD this week. Trade with care! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
1
September US Dollar BullishnessAll stars aligned for dollar bullishness throughout September: - - Relative strength against US treasury bonds, gold, and the euro index = undervalued - Fund managers' net positioning is becoming increasingly bullish - Retail traders' net positioning is extremely bearish, which is a strong contrarian indicator - 10-year September seasonality = bullish - Price is breaking out of a high quality demand zone Have been long for approx. 1 week thus far and will maintain my position and look to trail stops as we gradually break through supply zones
CAPITALCOM:DXYLong
by benstarslang
DXY Will Go Lower From Resistance! Sell! Take a look at our analysis for DXY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 101.502. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 100.706 level. 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!
TVC:DXYShort
by SignalProvider
1
$DXY | SilverEdge Insights |Technical Confluences: Price action is in Oversold conditions in the Daily and Weekly Timeframe. Likely to see some consolidation of positioning here. Price action broke out of an Upward Sloping Parallel Channel and cleared itself out of the that Interest Zone too. Likely will see a test to re-enter that Channel due to Oversold conditions. Elliot wave count shows it is trying to compete Wave C (expected target would be to 71% Fibo Extension levels - possible to test the 100% Fibo level) A new Downward Sloping Parallel Channel is in play now and Price action needs to see it break the mid of the Channel to see a substantial move downwards Fundamental Confluences: With the expected cuts, market started unwinding their long USD positions and it is reflected in the TVC:DXY The extent of Wave C will really depend on how quick and reactive is the FED in cutting rates (the higher chances of 50bps cuts; the likelier we will see USD get sold. Building into next week, we are likely to see some traders cover their short USD positions as they size down before NFP data. However, if there is any gyration on the geopolitical front or US elections, it is possible to see the TVC:DXY reverse back to the top of the Downward Sloping Parallel Channel and top out at the Interest Zone area again
INDEX:DXYShort
by weekendanalyst
Why the USD is about to rally... See chart below please. I would not necessarily listen to certain You-Tubers who write-off important momentum indicators like Stochastics & RSI. My observations of both is that they are wonderful at telling me what is overbought & oversold. When a commodity, currency or stock is in either of these phases, massive & fast swings in price can occur as price comes out of the overbought (shorting) and oversold (buying) conditions. The timeframe of the Stochastic and RSI which I've noticed has the most power and punch with respect to the above is the Weekly but sometimes the Weekly & Daily & 4HR RSI/Stochastics cross-up (x-up on 30/20 respectively) on their zones (buy) or cross-down (x-down 70/80 respectively) on their zones (short-sell). You really need to see the indicators tick-up (buy) or tick-down (sell) firmly through their respective zones (RSI 30/70) STOCH 20/80). The following chart is the Weekly for the USDX. The RSI looks to be really getting under price & packing a big momentum-punch upwards soon. Plus the Stochastics Weekly is looking to cross up on its 20 zone at the same time. When they cross-up and if the Daily simultaneously crosses up it will provide a lot of upward price movement in USD and its index USDX. I have been saying for about a week now that a rally is coming for the USD. This chart is the confirmation.
EIGHTCAP:USDX
by Easy_Explosive_Trading
1
DXY - Looking to Big PictureWhen we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102. I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid increase with Trump's arrival corresponds to 110s. It has been an expected area for a long time and when Trump Dxy is at 110s, similarly, if the decrease starts with him saying the dollar is too expensive, it goes to 94s, fractal. Here, my hopes begin and I say that it is still expensive at those levels, we will go down to 86s. This means a 4-year never-ending mega bull. I applied the same fractal to the euro, and the much-anticipated 1.02s are here again. If I can get a fund, I will look for swing shorts at 1.12s. The fractal and events looked pretty good to me. It also fit the channel nicely. FX:EURUSD
TVC:DXY
by mooniron
Analysis of the Dollar Index by the Mallicast team.The US Dollar Index (DXY) has recently managed to break its previous high, indicating a relative strengthening of the dollar against other major currencies. This upward move could be attributed to various factors, such as strong economic data, expectations of a rate hike by the Federal Reserve, or volatility in global markets. However, following this increase, the Dollar Index is expected to enter a range-bound phase in early next month, oscillating within a specific price range. This consolidation period may occur due to profit-taking by traders, a lack of new strong catalysts, or uncertainty regarding the future direction of monetary and economic policies. Therefore, traders and analysts should closely monitor upcoming economic and political developments to make informed decisions for their positions in the market.
TVC:DXY
by kiyandokhtkarimi
Analysis of the Dollar Index by the Mallicast team.The US Dollar Index (DXY) has recently managed to break its previous high, indicating a relative strengthening of the dollar against other major currencies. This upward move could be attributed to various factors, such as strong economic data, expectations of a rate hike by the Federal Reserve, or volatility in global markets. However, following this increase, the Dollar Index is expected to enter a range-bound phase in early next month, oscillating within a specific price range. This consolidation period may occur due to profit-taking by traders, a lack of new strong catalysts, or uncertainty regarding the future direction of monetary and economic policies. Therefore, traders and analysts should closely monitor upcoming economic and political developments to make informed decisions for their positions in the market.
TVC:DXYLong
by mallicast
Daily Technical Analysis of Gold,Currencies,and Indices30/8/2024Daily Technical Analysis for Gold, Currencies, and Indices - 30/8/2024 Introduction Welcome, I am Mohammed Qais Abdulghani, a financial markets expert. Today, I will provide you with an in-depth analysis of the key currency pairs, commodities, and financial indices. On this Friday, August 30, 2024. Key Economic Data for Today: Before we dive into the technical and economic analysis, let’s review the key economic data scheduled for release today, which may impact price movements: • 12:00 PM (Makkah Time): Eurozone Consumer Price Index (CPI). • 3:30 PM (Makkah Time): U.S. Core Personal Consumption Expenditures (PCE) Price Index (annual and monthly). • 6:00 PM (Makkah Time): U.S. Federal Government Budget Balance. U.S. Dollar Index (DXY) Analysis: Despite positive U.S. economic data, including a stronger-than-expected GDP, the U.S. Dollar Index (DXY) remains under pressure. The index is awaiting the release of the Core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation. The DXY remains below the 102 level, favoring a bearish outlook targeting levels of 100.3 and 99. This bearish scenario will only be invalidated if the index breaks above the 102 level. EUR/USD Analysis: The EUR/USD pair continues to trade under corrective downward pressure. As long as prices remain above the 1.1000 level, the pair retains a positive outlook, with all declines viewed as healthy corrections. This positive scenario will be invalidated only if the pair breaks below the 1.1000 level, potentially signaling a shift back to a bearish trend. GBP/USD Analysis: The GBP/USD pair maintains a positive bias as long as prices stay above the 1.3100 level, which supports a bullish outlook towards the 1.3250 and 1.3360 levels. This bullish scenario will be negated if the pair breaks below the 1.3100 level. USD/JPY Analysis: The USD/JPY pair is hovering around a critical level of 145 yen per U.S. dollar. Breaking above this level could lead to further gains towards 149 and 153 in the medium term. This bullish scenario will only be invalidated if prices fall back below the 145 level. USD/CHF Analysis: The USD/CHF pair remains under bearish pressure. Staying below the 0.8510 level supports a bearish outlook targeting 0.8370 and 0.8240. A bullish reversal will only occur if the pair breaks above the 0.8510 level. AUD/USD Analysis: The AUD/USD pair maintains a positive stance as long as prices stay above 0.6670, suggesting a bullish trend towards 0.6900 and 0.7100 levels. NZD/USD Analysis: The NZD/USD pair remains above the 0.6225 level, supporting a bullish outlook towards 0.6345 and 0.6450 levels. This bullish scenario will be invalidated if prices fall below 0.6225. USD/CAD Analysis: The USD/CAD pair remains under pressure. A break below 1.3450 could resume the bearish trend towards 1.3300. This bearish scenario will be negated if prices rise above the 1.3600 level. GBP/JPY Analysis: The GBP/JPY pair continues to trade under bearish pressure below the 196 yen level, with a bearish target of 184 yen. EUR/JPY Analysis: The EUR/JPY pair remains under bearish pressure below the 164 yen level, targeting the 158 yen level. EUR/GBP Analysis: The EUR/GBP pair is still trading under bearish pressure below the 0.8450 level, targeting levels of 0.8375 and 0.8350. Bitcoin/USD Analysis: If Bitcoin can regain the 60,000 USD level, it may revive bullish hopes towards 66,000 USD and 72,000 USD in the medium term. This bullish scenario will be invalidated if prices fall back below 60,000 USD. Ethereum/USD Analysis: Ethereum remains under pressure. Staying below 2800 USD suggests a bearish trend towards 2200 USD. This bearish outlook will only be invalidated if prices exceed 2800 USD. Ripple/USD Analysis: Ripple continues to trade under pressure. A break below 0.55 USD could lead to a decline towards 0.40 USD. This bearish scenario will be avoided if prices remain above 0.55 USD. Gold Analysis: Gold remains steady despite positive U.S. economic data. The market awaits the Core PCE Price Index from the U.S. The key trading level for today is 2500 USD. Breaking above this level could lead to gains towards 2550 USD and 2600 USD. This bullish scenario will be invalidated if prices fail to break above 2520 USD. Crude Oil Analysis: Crude oil attempts to regain its gains. Exceeding the 77 USD per barrel level could boost the price towards 83 USD. Failure to break above this level could push prices back down to 73 USD per barrel. Silver Analysis: Silver struggles to maintain its momentum. Holding above 29 USD could push silver back to levels of 30.5 USD and 32 USD. Natural Gas Analysis: Natural gas continues to trade under pressure. Staying below 2.20 USD suggests a downward trend towards 1.80 USD. Dow Jones Index Analysis: The Dow Jones Index holds above the 41,000-point level, supporting a bullish trend towards 42,500 points. S&P 500 Index Analysis: The S&P 500 Index attempts to end its corrections and regain upward momentum, which will only be achieved by breaking above the 5700-point level. Nasdaq 100 Index Analysis: The Nasdaq 100 Index holds above the 19,250-point level, supporting a bullish outlook towards 20,400 and 21,500 points. This bullish scenario will be invalidated if the index breaks below the 19,250-point level. Russell 2000 Index Analysis: The Russell 2000 Index attempts to recover its gains. Breaking above the 2225-point level could bolster a bullish trend towards 2320 and 2440 points. FTSE 100 Index Analysis: The FTSE 100 Index tries to regain positive momentum. Exceeding the 8400-point level could support gains towards 8600 and 8800 points. DAX Index Analysis: If the DAX Index successfully breaks above the 18,750-point level, we could see a positive move targeting 19,250 and 20,000 points. CAC 40 Index Analysis: The CAC 40 Index attempts to establish new bullish positions. Staying above the 7600-point level supports a bullish outlook towards 7900 and 8200 points. Nikkei 225 Index Analysis: The Nikkei 225 Index remains above the 37,000-point level, supporting a bullish trend towards 40,000 and 42,450 points. This bullish scenario will be negated if the index breaks below the 37,000-point level. Conclusion: That concludes our daily technical analysis. Thank you for tuning in, and we wish you a successful trading day. Stay safe and happy trading! This analysis was prepared by Muhammad 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 advised to keep track of economic updates to make informed decisions.
TVC:DXY
by MohammedQais