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US DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEX

US DOLLAR CURRENCY INDEX

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USDX's Possible Lid On The Gold Price: See Analysis & Chart During the Thursday 29 August 2024, NY session of Gold & Precious metals trading, I noticed some good momentum in Long-positions, so priced looked to be headed up to test 2531.65 which is firm resistance (and below from 2528.50 & even beneath there), where on Wednesday during the Asian session a lacklustre performance in price-momentum of Gold relative to Silver saw it sell off strongly all the way back to 2493.50. Good-on-you if you got in at that price-point because the Gold-bulls drive price back up so quickly. I have digressed a bit, this week we have seen the start of a recovery in the US Dollar and the index that tracks it, the USDX tested the 101.50 level during yesterday before moving back down. I mentioned during the last NY session that I was cashing in my long-positions in Gold and looking at a possible short. Well full disclosure I am still Short-gold today Friday in the Asia session. Mind you I had to get Short in & out 2 times because price rallied against me, that is trading. I even forgot to book my profits during yesterday when price got to 2528.65. Why? I honestly thought the Gold price with its momentum would take 2531.65. There's my mistake. Never anticipate the market. If you have conviction on a firmly held idea with a variety of technical analysis confluence & fundamentals to go with it, then that is different, but saying to myself 'we are going to get over hard resistance zones (2528.50-2531.65) and 'I'm gonna ride this baby all the way to a new high today', that is wishful thinking. What I have learnt about trading Gold & Precious metals is to book your profits. Then you can let price retrace and go again in the same previous direction that booked you all that profit. Anyway, take a look at my chart, please and keep an eye on a break of the 101.50 area where the USDX could engage in a more firmly held rally as we head towards the 'interest rate decision' in the USA in a few weeks time. I think that the Gold-price is extra sensitive to the Dollar at this point in time and I think the rally in the USDX (see an article I wrote last weekend below - click on the chart) that we are going to see may keep a cap or a lid on the Gold price at least until it explodes upwards on an interest rate reduction. This is my analysis only, I don't get cues from anyone else. * Trading is risky. Please don't rely solely on my investment advice & trade setups. Regards, Chris easy_explosive_trades
EIGHTCAP:USDXShort
by Easy_Explosive_Trading
Bullish bounce?The US Dollar Index (DXY) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 101.02 1st Support: 100.52 1st Resistance: 101.60 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
2
Can Weak Jobs Trigger 50bps Cut, Sink USD? Next week’s job reports could be the decisive factor in determining the scale of the Federal Reserve’s rate cut in September. Bank of America, among others, had initially forecast a 25-basis point cut next month. But recent developments have sparked discussions about the possibility of a larger 50 bps reduction, as economic conditions continue to evolve. Recent figures point to a gradual cooling in demand for labor. With the JOLTS job openings report and the Non-Farm Payrolls (NFP) data due next week, investors will be closely monitoring the labor market for signs of further weakness, with unexpected weakness boosting expectations of a 50-basis point (bps) cut. However, recently upwardly revised GDP figures for the second quarter—now at a 3.0% annualized rate—have done some work to temper expectations for a more aggressive cut. Thus, the market firmly remains in the dark about the size of the rate cut.
TVC:DXY
by BlackBull_Markets
DXY Analysis - UPDATE - GDP Growth Supports USD Amid Mixed DataToday’s U.S. economic data delivered a mix of signals, but overall, the strength in Q2 GDP growth is a standout, likely offering support to the USD (DXY). The economy grew at a robust 3.0% (QoQ), beating expectations and more than doubling the growth rate from the previous quarter. This strong performance suggests a resilient economy, which could underpin further dollar strength. Key Data Points: Core PCE Prices came in lower than expected at 2.8%, indicating easing inflation pressures, which may influence Fed policy. Initial Jobless Claims slightly improved, signaling continued labor market strength. Pending Home Sales fell sharply, down 5.5% MoM, raising concerns about the housing market. Despite the mixed data, the overall positive growth outlook could see DXY continue to find support, especially if it holds above recent levels. I'll be watching how the dollar index reacts to this data, with a focus on potential bullish continuation as the market digests these results.
TVC:DXYLong
by trader9224
DXY "Dollar Index" Bank Money Heist Plan on Bullish SideMy Dear Robbers / Money Makers & Newbies, This is our master plan to Heist DXY "Dollar Index" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 30 mins timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CAPITALCOM:DXYLong
by Thief_Trader
Levels discussed on Livestream 29 August29th August DXY: Could trade higher, needs to break above 101.20 (61.8%) to retest of 101.60 NZDUSD: Retracing down, look for reaction at 0.6220, Buy 0.6235 SL 25 TP 60 AUDUSD: Buy 0.6815 SL 20 TP 40 GBPUSD: Could trade up to 1.33, look for reaction at the strong resistance level. EURUSD: Sell 1.1085 SL 40 TP 85 USDJPY: Sell 144.80 SL 40 TP 140 USDCHF: Buy 0.8445 SL 20 TP 40 USDCAD: Sell 1.3435 SL 20 TP 70 Gold: Could trade slightly higher, look for retest of 2500 to buy the bounce
TVC:DXY
by JinDao_Tai
Dollar Index DXY chart hopefully create bearish butterfly pattern.so market need to seem BUY correction 101.320 and 101.500 resistance zone. if Then market break down 101.690 support level, then this case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.
TVC:DXYLong
by AronnoFx
Daily Technical Analysis of Gold,Currencies,and Indices29/8/2024Daily Technical Analysis for Gold, Currencies, and Indices - 29/8/2024 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 Thursday, August 29, 2024, a series of significant economic data releases are expected to impact price movements. These releases include the Consumer Price Index (CPI) for the European Union and Germany, GDP figures, unemployment rate data for the United States, and the Federal Reserve’s weekly balance sheet report. The impact of these data on financial and investment markets will be analyzed in this report. U.S. Dollar Index (DXY) Analysis The U.S. Dollar Index (DXY) shows attempts at correction ahead of the critical economic data releases in the United States, such as GDP and unemployment rates. However, overall, the index continues to trade within a bearish scenario, inside a major downward channel, and below both primary and secondary descending trend lines. Prices remain below the 102 level and the 55-day moving average, reinforcing negative expectations. The index will not be able to resume its upward trend unless these levels are breached in conjunction with positive economic data that exceed expectations. EUR/USD Analysis The EUR/USD pair shows downward corrections after failing to break above the 1.1000 level and the 55-day moving average. These downward corrections are expected to continue until the pair successfully surpasses the 1.1000 level, which could lead to further declines. The positive trend will only resume if the 1.1000 level is breached. GBP/USD Analysis The GBP/USD pair exhibits downward corrections after failing to surpass the 1.32 level and the 50-day moving average. With the upcoming release of significant economic data in the United States, the pair is expected to continue these downward corrections as long as it remains above the 1.50 level. USD/JPY Analysis The USD/JPY pair continues to hover around the 145-yen level against the U.S. dollar. If this level is breached, it could create buying opportunities, with potential rises targeting the 149-yen level. The 145-yen level serves as a strong pivot area, supported by the 55-day moving average and the primary descending trend line, making it a resistance area that must be approached with caution. USD/CHF Analysis The USD/CHF pair remains under pressure, with prices staying below the 0.8500 and 0.9400 levels. These levels should be closely monitored to determine the future direction. AUD/USD Analysis The AUD/USD pair saw stable prices at the 0.6800 level. Even with potential corrections, the pair might retest the 0.6670 level. Traders should watch the movements closely to confirm the trend’s continuity. NZD/USD Analysis The NZD/USD pair is testing a critical level at 0.6250. If this level is broken, the pair could drop to the 1.0000 level. To maintain a positive trend, traders should ensure that prices stay above the 0.6250 level. USD/CAD Analysis The USD/CAD pair faces ongoing pressure with attempts to reduce losses and enter a corrective upward wave. This movement will not be considered positive unless the 1.34500 level is broken, potentially leading to a resumption of the downtrend towards the 1.33 level. GBP/JPY Analysis The GBP/JPY pair trades around the previous session’s closing level for the third consecutive session, with prices remaining below 196 yen per British pound. The bearish trend remains dominant, targeting the 184 yen level. EUR/JPY Analysis The EUR/JPY pair continues to favor a bearish scenario, targeting the 158 yen level as long as it remains below 164 yen. EUR/GBP Analysis The EUR/GBP pair continues to trade under downward pressure. Staying below the 0.84500 level indicates the possibility of further declines, targeting levels of 0.83150 and 0.82500. USD/TRY Analysis The USD/TRY pair continues to trade strongly above the 34 lira per U.S. dollar level, suggesting the potential for continued upward movement towards 34.50 and 35 lira. Bitcoin/USD Analysis Bitcoin against the U.S. dollar shows a decline below the 60,000 USD level and also below 56,000 USD, which is the 55-day moving average. This situation could lead to a corrective downward wave targeting the 52,000 USD level, and possibly 44,000 USD in the medium term. A return of buying momentum above the 56,000 USD level could support a recovery in Bitcoin prices. Ethereum/USD Analysis Ethereum against the U.S. dollar remains under pressure, with prices below 2,800 USD, indicating the potential for further declines towards 2,200 and 1,600 USD in the medium term. Ripple/USD Analysis The Ripple against the U.S. dollar is approaching a critical support area at 55 cents. If this support is broken in the upcoming trading sessions, the pair may experience further declines. Gold Analysis Gold is experiencing corrections due to the impact of the U.S. Dollar Index, resulting in a pullback in gold prices. However, gold remains above the 2460 USD level, considered a healthy correction. If the 2520 USD level is fully breached, we may see a rise towards 2600 and 2700 USD in the medium term. If the 2460 USD level is broken, this positive scenario will be invalidated. Oil Analysis Crude oil continues to trade under pressure with prices below the 77 USD per barrel level, indicating a bearish scenario. Following a negative U.S. oil inventory report, future crude oil prices are expected to be negatively affected. This bearish scenario will only be invalidated if buying momentum returns above the 77 USD per barrel level. Silver Analysis Silver has successfully reached the 29 USD level, but there is a likelihood that these gains may be erased if prices drop to the 27.5 USD level or lower. Natural Gas Analysis Natural gas attempts to erase previous losses after opening with an upward gap. Remaining below the 2.2 USD level suggests a potential drop that may target the 1.8 USD level in the short term. Dow Jones Index Analysis The Dow Jones Industrial Average is nearing a critical level at 41,000 points. Breaking this level may lead to a bearish wave targeting 40,000 points. The bullish rebound depends on holding above the 41,000-point level. S&P 500 Index Analysis The S&P 500 index continues to trade under the corrective bearish wave. Staying below the 5,700-point level strengthens the likelihood of entering a downward correction, targeting the 5,500-point level or lower. Nasdaq 100 Index Analysis The Nasdaq 100 index faces the risk of a decline if it breaks the support level at 19,250 points. The index must maintain a rebound above this level to avoid the bearish scenario. Russell 2000 Index Analysis The Russell 2000 index declines after failing to break through the resistance level at 2,225 points. Breaking this level may result in a decline to the 2,040-point level. FTSE Index Analysis The FTSE index continues to decline with resistance at the 8,400-point level. Breaking this level may lead to a drop towards the 8,200-point level. A return of buying momentum above the 8,400-point level may cancel the bearish scenario. DAX Index Analysis The DAX index is expected to continue rising in the medium term, targeting levels of 20,000 and 19,250 points. If the index falls below the 18,750-point level, previous gains may be erased, heading towards the 18,200-point level. CAC Index Analysis The CAC index may decline if it fails to break above the 7,600-point level, leading to a bearish wave targeting the 7,200-point level. Nikkei Index Analysis The Nikkei index targets the 44,250-point level in a positive scenario. Breaking below the 37,000-point level may cancel this positive scenario. With this, we have completed today’s technical analysis. Thank you for following along, and we wish you successful 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
DXY: Resistance at 101 Broken, New Support Level?DXY showed impressive strength today, rallying and breaking through a key resistance level which is now holding as support. This price action suggests that the bulls are in control. This setup offers a solid opportunity to capitalize on continued upward momentum via USDJPY . Today's economic data out of the U.S. provided a mixed picture, with key indicators pointing to both resilience and caution in the market: S&P/CS HPI Composite - 20 (MoM) (Jun): Actual: 0.6% Previous: 1.0% The month-over-month growth in housing prices slowed, indicating a cooling off in the housing market compared to the previous month. This could reflect tightening financial conditions or a natural correction after a period of rapid price increases. S&P/CS HPI Composite - 20 (YoY) (Jun): Actual: 6.5% Forecast: 6.2% Previous: 6.9% Year-over-year, housing prices still showed robust growth, though slightly down from the previous month. The housing market remains strong, but the pace of growth may be tapering as higher interest rates and affordability concerns weigh in. CB Consumer Confidence (Aug): Actual: 103.3 Forecast: 101.9 Previous: 100.9 Consumer confidence ticked higher, beating expectations and showing that consumers are feeling more optimistic about the economy. This could support consumer spending in the coming months, a positive sign for the broader economy. 2-Year Note Auction: Yield: 4.434% The auction results showed a notable increase in the yield compared to the previous auction. Higher yields reflect the market's expectation of continued monetary tightening, which could put upward pressure on short-term interest rates. API Weekly Crude Oil Stock: Actual: -3.400M Forecast: -3.000M Previous: 0.347M Crude oil inventories dropped more than expected, suggesting tighter supply conditions. This could lead to upward pressure on oil prices, especially if demand remains strong. This data provides a nuanced view of the U.S. economy, with housing showing signs of slowing, consumer confidence on the rise, and higher yields reflecting expectations for continued rate hikes. The decline in crude oil stocks could also play into inflation dynamics, particularly in energy prices.
TVC:DXYLong
by trader9224
Double Bottom may signify a trend change for DXY.. Potentially.Here is a double bottom pattern which has formed at a major support area on the Daily chart (Support is from the low of 28th Dec 23). It's formation is occurring after a 5.3% decline, which began on the 26th June 24. The neckline has been broken, and retested, with price showing strength in that area through evidence of buying pressure (engulfing candle on the daily), and three bullish candles from the hourly neckline where the pattern is forming. This pattern is suggested to have a 78.55% success rate when correct conditions are met. Let's see how this plays out.
CAPITALCOM:DXYLong
by Gannfan
DXY Will Grow! Long! Here is our detailed technical review for DXY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 101.111. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 101.409 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:DXYLong
by SignalProvider
1
Dollar Index Breakdown - Is the Decline Set to Continue? 🤔📉 Dollar Index Breakdown - Is the Decline Set to Continue? 🧐💵 Hey traders, it's time to revisit the Dollar Index (DXY)! We've had some fantastic trading opportunities in the past, especially with the short on USD/JPY, and now, things are getting even more interesting. Despite the Federal Reserve holding off on rate cuts for now, the anticipation is building. Rate cuts seem to be on the horizon, which could have significant implications for the dollar's strength. But as always, I follow the charts, and they’re signaling something big. 🔍 Key Insights: The 100.97 level is shaping up as new resistance for the DXY. We could see a drop below the 100 mark, with a target range between 94.63 and 92.9. Global factors, such as the BRICS nations' efforts to reduce dependence on the dollar, along with geopolitical and economic developments, are adding to the bearish sentiment. With less than a 15% chance of intervention in the coming months, I’m eyeing another short on the dollar. Stay tuned, as I’ll be covering EUR/USD and USD/JPY in my next posts. Don’t forget to check out Bitcoin—it’s shaping up to be the most intriguing asset on the market right now! Let me know your thoughts in the comments. One Love, The FXPROFESSOR 💙
TVC:DXYShort
by FX_Professor
Levels discussed on Livestream 28th August 28th August DXY: Trading along 100.80, could trade lower to 100.55. If support level not broken, could range between 100.55 and 100.90 NZDUSD: Buy 0.6290 SL 20 T 70 AUDUSD: Looking for a break of resistance, Buy 0.6810 SL 20 TP 40 GBPUSD: Could trade up to 1.33, look for reaction at the strong resistance level. EURUSD: Could range between 1.1160 and 1.12 USDJPY: Sell 144.25 SL 30 TP 75 USDCHF: Sell 0.8420 SL 30 TP 70 USDCAD: Sell 1.3445 SL 25 TP 80 (Hesitation at 1.34) Gold: Above 2512 could trade up to 2525
TVC:DXY
by JinDao_Tai