DXY Clear LiquidityI'll still be going long on USD/XXX pairs as I see we still have room for some more upside on the dollar. Need to be paying close attention this week as we have NFP and election date is approaching. Patience!!!
DXY trade ideas
DXY IndexPair : DXY Index
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Fibonacci Level - 78.60%
Double Bottom as an Corrective Pattern in Long Time Frame
Demand Zone
EUR/USD Selloff CaseGood morning everyone.
Going to try to keep this short and sweet.
DXY, as of about 0830EST, broke through all hourly Camarilla resistance levels. The last being 104.560. The next targets would be at 104.795, 104.833, 104.871, and 104.987.
EUR/USD has broken through first 1HR/4HR support level at 1.0782. Next two levels would be 1.0772, and 1.0762. After these levels are broken. I'll look to trade to 1.07.
Going into this selloff, we were in a bearish symmetrical triangle.
Though I do not rely heavily on indicators, MACD, RSI (both reg. and sto.) are aligning with this downward momentum.
Stop loss around previous around 1.0830 which the hour 200-EMA is peaking under.
The DXY upward pressure is also supported by the election anticipation of Donald J. Trump winning.
Rising 10-year yield is also support the greenback.
BOJ is not looking to hike rates this week.
Listened to a few earnings calls. Everyone is beating earnings so far. VIX is up. Feels like risk-on but keep in mind that the market made a major move up prior to any reports. Folks getting greedy and anxious going into election and big data week.
Let's see if JOLTS today, IJC on Thursaday, and NFP on Friday still show a strong labor market. If so, definitely can forget about a 50 bps cut. 94.8% priced in for a 25 bps cut and 5.2% with no cut.
Of course, like Socrates, I'm objective and humble to accept that it's possible for none of this to happen. If we get a break back about 1.0805, a level got from my brother @ThePipAssassin I'm tracking resistance levels at 1.0825, 1.0851, 1.0877, and 1.0919. If we get anywhere near these, believe I'll be looking for 1.10 because I did identify a FVG to the downtrend in DXY.
Of couse none of this is to be taken as trading or financial advice. I am simple giving you my own analysis. Trade at your own risk and I encourage everyone to do your own research and check my thoughts. Please give feedback. Going to start doing this a lot more. Follow, like, and share por favor. God is love!
DXY bullishIn my opinion
For buy,
4hr close and break above 104.1 target 104.2, 104.5 and 105.2 next high point.
For sell,
4hr close and break below 104 target 103.8, 103.6 and 103.4 low point
Good luck and trade safe
DXY: Strong Bullish Bias! Buy!
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 upside. So we are locally bullish biased and the target for the long trade is 104.315
Wish you good luck in trading to you all!
DXY weekly direction for this weekLooking at the weekly in DXY ,looking for uptrend.
The PL might work as the rejection, the H1 line which you can will act as a support/resistance when market approaching that level.
If the market broke below the PL and H1 near PL. The market have shifted the direction to SELL.
Remember US election just around the corner.
Market will react to the economics events instantly.
So if any spike during this week and next week or rally towards to the upside or downside its normal during US Election season.
Beware with the trade SL when entering the trade. Always manage your RISK %.
Viper Sunday Weekly UpdateWeekly breakdown on US30, DXY, Gold, WTI and Forex pairs like USDJPY, GBPJpy
Big news week coming up with NFP
DXY Approaching a critical zone. After breaking down from its 2023 trendline, the DXY has rallied back to a convergence point at 104. This level is now a major pivot; if we start to see weakness and a breakdown through this zone into November, it could provide a much-needed tailwind for risk assets. My target on the downside is around 95-97, a level that could align with the top of the current crypto bull run.
Keeping an eye on this level is essential, especially as we move toward the anticipated Q1-Q2 cycle top in crypto. Watching for any signs of reversal or further strength here to guide broader market positioning.
DXY Will Grow! Buy!
Hello,Traders!
DXY is trading in an
Uptrend and the index
Is already making a bullish
Rebound from the rising
Support line so we will
Be expecting a further
Bullish move up
Buy!
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The Breakout (The Easiest Chart To Ever UnderstandMy other Idea has a video explanation if anyone is interested
The Breakout! With The Easiest Chart Thank you for taking your time to watch this video and if you enjoyed it, Please feel free to ask any question in the comments and leave a like!
#DXY 1DAYDXY Daily Analysis
The DXY (US Dollar Index) is currently testing a key trendline support on the daily chart and has recently formed a bullish engulfing pattern near this support level. This combination of trendline support and a bullish engulfing area suggests a potential upward reversal, creating a favorable buy setup.
Technical Outlook:
- Pattern: Trendline Support with Bullish Engulfing
- Forecast: Bullish (Buy Opportunity)
- Entry Strategy: Buy near the trendline support and bullish engulfing area
Traders may consider entering a buy position near this support area, targeting higher resistance levels. Additional confirmation from indicators like RSI indicating oversold conditions or MACD showing a bullish crossover can strengthen the signal and support the bullish outlook for the DXY.
King Dollar is Back!DXY surged this week, bolstered by strong U.S. economic data.
Durable Goods Orders for July spiked by 9.9%, far exceeding expectations, while Q2 GDP growth was revised up to 3.0%, indicating robust economic activity. The labor market remained stable with Initial Jobless Claims slightly below forecasts and Continuing Claims steady.
On the downside, the housing market showed weakness, with Pending Home Sales dropping by 5.5%, reflecting challenges in that sector. Despite this, the overall data supports a bullish outlook for the dollar.
As we approach the next trading week, key support levels like 101.00-101.50 and last week’s highs will be critical areas to watch for potential long entries.
Dollar path moving forwardDollar path moving forward. Last time Trump won this is what Dollar did. I expect the same.
top on the us dollar? Dollar has hit upside targets and possibly completed a B wave ... Lets see if we get the impulse down in a c wave toward 90
Dollar To The ''MOON''Price came in extremly bullish on dollar after the US elections. We expected this as we had previously drawn out that target. I still expect dollar to move higher and grab more liquidity but maybe after a retrace. Keep in mind there is FOMC tomorrow so trade lightly.
DXY bulls are enjoying the moment. But for how long?Yes, the positivity is coming in for DXY bulls, but is it just an illusion? Stick around and let's take a quick look.
TVC:DXY
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DxySpaike then tr and fainally second spike.
Bearish pinbar in 1h so by considering first bearish spike I sell it for second leg.
DXY: Strong Bullish Bias! Buy!
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 upside. So we are locally bullish biased and the target for the long trade is 103.863$
Wish you good luck in trading to you all!
DXY outlookoverall its bearish, but the bearish would take months to come into play, right now we are at a double bottom, price made a break and restest. the is means we see price buying to the upside
