Check the trend It is expected that the index will cross the support trend line and continue the downward trend If the index can stabilize above the supporting trend line, there will be a possibility of trend change by STPFOREXPublished 2
Dxy Sunday night 8/18 /24 this video is one more example of how to look at the bars using the correct time frames and deciding if there's a trade opportunity or not. normally I would look to be a buyer because the market came to a reversal pattern for an abcd pattern... but there are no buyers... in today's bar is a little bit lower than yesterday's bar on Thursday. it is possible that the market can go higher because the general area is a support area... but they're just isn't any evidence of buyers yet. sometimes markets are ambiguous and if you don't like them because you are ambivalent then don't take the trade... it's not a great trade but if you keep the stop small and you have a reasonable Target you could take this trade if you think it out.35:20by ScottBogatinPublished 5
Oceania trading week about to commence NZ. USD, Gold, Bitcoin * The USD could see some weakness this week, probably not coming until mid-week price possibly propelled by double/bottom structures on mid-timeframes, however the Daily timeframe is indicative of some weakness with price below the moving averages. It's possible later in the trading week the USD could retreat to the 100.60 - 100.85 zone where there is support. Let's see how that play out. The whole idea is a bit counter-indicative of a short I am expecting on EUR/USD which is very overbought at the moment. * In other developments, Bitcoin BTCUSD showed some strength during Sunday's session but is since off its' highs in the weekend session. However, BTCUSD is getting support on the 200 EMA on the Daily. I would not be surprised to see some bullishness in Cryptocurrency this week, with the shine perhaps coming off Gold which is overextended and overbought across all timeframes. The Silver price has further to run but will generally follow Gold's lead. * In precious metals, as I point out above I see a short in XAUUSD very soon probably today, there is more buying demand on the higher timeframe for Platinum XPTUSD, XAGJPY, XAGUSD, XAUJPY whereas XAUGBP, XAUAUD & XAUUSD look over-bought. As I point out above, it's always tricky because I find they all mostly track the gold-price. Have a good trading week, Oceania trading in NZ commences in 30 minutes (6pm New York time) and the Australian ASX kicks off in just over 2 hours time. Chrisby Easy_Explosive_TradingPublished 0
Hyper inflation gold/u$dIt looks to me like we are already entering hyper-inflation (despite the headlines). The overvaluation of assets is blatant and the unwinding will have to happen at some point. Weaker dollar means selling debt, hence higher rates regardless of what the Fed wants. Rates will soar and the market will unload treasuries and stocks (and bitcoin) very quickly. Check the price of gold vs. $ on this chart = hyperinflation. Shortby AmalricPublished 2
DXY | Market outlookJuly housing data was generally weak, with building permits down 4.0% to 1.396M and housing starts down 6.8% to 1.238M. The sector is under pressure as the Federal Reserveโs interest rates peak and may begin to decline soon. Yesterday, St. Louis Federal Reserve Bank Governor Alberto Musalem noted that macroeconomic data has strengthened the regulatorโs confidence in inflation returning to the 2.0% target, so the adjustment of monetary policy looks timely, adding that the rise in unemployment to 4.3% was due to an increase in labor supply, not a loss of jobs.Shortby DCFX-TAPublished 3
Daily Technical Analysis of Gold,Currencies,and Indices19/8/2024Daily Technical Analysis of Gold, Currencies, and Indices - August 19, 2024 Introduction Welcome, I am Mohammed Qais Abdulghani, a financial markets expert, where I provide a detailed overview of the major currency pairs, commodities, and financial indices for Monday, August 19, 2024. Together, we will review market movements and trends based on the latest global economic data, with a focus on key events expected this week that may significantly impact price movements, such as the U.S. crude oil inventory report, the Federal Open Market Committee (FOMC) meeting minutes, and other economic performance indicators. Analysis of the U.S. Dollar Index (DXY) The U.S. Dollar Index continues its downward trend, with prices remaining below the 103 level and the 55-day moving average. This movement indicates a potential decline in the dollar towards the 100.5 level, especially after being negatively impacted by the U.S. housing starts decline of 6.8% and a 4% drop in building permits. Analysis of the EURUSD Pair The EURUSD pair continues to gain significant momentum, breaking above the 1.100 level. This breakout may pave the way for further upward movement toward the 1.1100 level, benefiting from the weakening U.S. dollar. Analysis of the GBPUSD Pair The GBPUSD pair has also gained further momentum, surpassing the 1.29000 level, which may lead to continued upward movement toward the 1.31500 level. Analysis of the USDJPY Pair The USDJPY pair continues to trade under selling pressure. The prices remaining below the 149 yen per dollar level supports the bearish trend targeting the 145 yen level. This bearish scenario may persist unless the pair breaks through the 145 yen level. Analysis of the USDCHF Pair The USDCHF pair continues to decline, trading below the 0.87 level. This pressure could push prices toward the 0.85 and then 0.83700 levels. Analysis of the AUDUSD Pair The AUDUSD pair is trading under bearish pressure, but if it successfully breaks above the 0.667 level, we might see gains targeting the 0.69000 level. Analysis of the NZDUSD Pair The NZDUSD pair remains under pressure, but if it can break above the 0.6500 level, it may start an upward trend targeting the 0.6600 level. Analysis of the USDCAD Pair The USDCAD pair continues to decline, holding below the 1.37500 resistance level, which could lead to further losses toward the 1.36 and 1.30 levels. Analysis of the GBPJPY Pair The GBPJPY pair is attempting to regain its previous gains, but the resumption of upward momentum requires breaking above the 196 yen level, which would reinstate bullish momentum. Analysis of the EURJPY Pair The EURJPY pair remains under selling pressure and will not be able to create new buying opportunities unless it surpasses the 166 yen level. Analysis of the EURGBP Pair The EURGBP pair is in a downward trend, trading below the 0.85500 level and the 55-day moving average. This scenario may push the pair towards the 0.84000-0.83000 level. Analysis of the USDTRY Pair The USDTRY pair continues to maintain positive performance, stabilizing above the 33.5 Turkish lira level. There is potential for further upward movement toward the 34.5 and 35 Turkish lira levels. Analysis of Bitcoin Against the U.S. Dollar Bitcoin is trading near the 60,000 USD level, a critical psychological point. Bitcoin will only be able to create new buying opportunities if it successfully breaks above the 60,000 USD level. If this breakthrough occurs, we could see targets at 68,000 USD and 75,000 USD. Analysis of Ethereum Against the U.S. Dollar Ethereum remains under pressure and will not be able to regain upward momentum unless it fully breaks above the 2800 USD level. Analysis of Ripple Against the U.S. Dollar Ripple maintains a positive stance with prices stabilizing above 55 cents. This stability supports further upward movement toward 66 cents and 75 cents, unless prices fall back below 55 cents. Analysis of Gold Gold recorded a new high in the previous session, driven by significant U.S. economic data that led to a weaker U.S. dollar. Gold continues to trade within a primary upward trend, supported by the 55-day moving average. Stability above the 2460 USD per ounce level could lead to a breakout above the 2520 USD level, targeting new highs at 2600 USD. This positive scenario will be invalidated if prices break below the 2460 USD level. Analysis of Oil Oil prices have declined below the 77 USD per barrel level due to data showing a clear contraction in the Chinese economy and a slowdown in the energy sector. This decline could push prices further down towards the 73 and 70 USD per barrel levels. Oil may not regain its gains unless prices return above the 77 USD per barrel level. Analysis of Silver Silver prices have broken through the 29 USD level, which may lead to further gains targeting the 30.5 and 32 USD levels in the medium term. Analysis of Natural Gas Natural gas prices are declining, and if they reach the 2.20 USD level, this could lead to further downward movement targeting 1.60 USD. Analysis of the Dow Jones Index The Dow Jones Index has gained as inflation rates slow. Stability above the 4000 point level remains the main support for a positive trend, but this trend will not resume without meeting certain conditions and criteria. Analysis of the S&P 500 Index The S&P 500 Index has managed to maintain its gains, remaining above the 4500 point level. If this trend continues, the index may target the 4800 point level. Analysis of the Nasdaq 100 Index The Nasdaq 100 Index has maintained its level at 19250 points. If it continues to hold this level, the index is expected to target the 21200 point level. Analysis of the Russell 2000 Index The Russell 2000 Index seems to have received positive support. If this trend continues, we may see gains targeting the 2225 point level. Analysis of the FTSE Index The FTSE Index is trading within a positive scenario, with prices stabilizing above the 8150 point level. This decline is classified as a correction, and the index will not resume its positive trend unless it surpasses the 8400 point level. Analysis of the DAX Index If the DAX Index can maintain its level above 18200 points, it may continue its positive trend, targeting the 18650 point level in the short term and possibly reaching 19400 points in the medium term. Analysis of the CAC Index The CAC Index continues to gain, but it will not return to its positive upward path unless it surpasses the 7600 point level. Analysis of the Nikkei Index If the Nikkei Index succeeds in stabilizing above the 37,000 point level, it may continue its upward trend, targeting the 45,000 level in the medium term. This positive scenario will be invalidated if prices break below the 37,000 point level, leading to deep corrective sell-offs. by MohammedQaisPublished 2
DXY StructureThis wave 2 has been in action since late 2022 and will be nice to see its final completion. A little level to deal with in the coming week or so in order to open up the end game of C of 2. The Wave 3 up will be the move of wonder through 2025-2028.by HendoMacroPublished 224
USD could see 101 in time to comeHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Overall the USD is still on the weak side. Right now still hovering around a last key S area .If give way, likely see more downside to $101. 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. ********************************************************************* Shortby Shadowing_The_Big_BoysPublished 1
IDEA FOR NEXT WEEK.With inflation data now in the rear-view, attention shifts to other critical areas of the US economy as we move towards the end of the week. Key reports, including July retail sales figures, the latest jobless claims, and manufacturing indices from New York and Philadelphia, are due for release today. These reports are expected to offer valuable insights into the labour market, consumer health, and the manufacturing sector. Should these data points also reveal weakness, it could further cement expectations for rate cuts, potentially leading to a drop in bond yields and negatively impacting the dollar outlook. This, in turn, could boost the appeal of major forex pairs, such as the AUD/USD, and increase the attractiveness of precious metals too.by EZIO-FXPublished 4
DXY ???Looking to this structure. Trade carefully. Im looking weak DXY. Shortby ewtradersbhPublished 4
Dollar Index (DXY): Your Trading Plan Explained Dollar Index formed a descending triangle formation on a daily. Trading in a bearish trend, this pattern signifies a bearish accumulation. Look for a bearish breakout of a neckline of the pattern next week. Daily candle close below 101.9 will confirm a violation. A bearish continuation will be expected to 101.0 level then. โค๏ธPlease, support my work with like, thank you!โค๏ธ Shortby VasilyTraderPublished 2258
Dollar Index is consolidating at Range Dollar Index is consolidating at Range. It is hovering at support of range. I can bounce up or break the supportLongby ZYLOSTAR_strategyPublished 5
U.S political events have a significant impact on the USDTrump Election (2016): subsequent DXY downtrend during the first year of TRUMP presidency. The price seems to have retraced from a peak and continued declining for about a year. Biden Election (2020): After the 2020 election of Joe Biden, there was a notable bottoming pattern, followed by a strong upward movement in the DXY, implying a recovery or strengthening of the USD. the DXY moved within a range during Trump's presidency, between 88.275 and 104.023 . Current Analysis (2024): The DXY is approaching a sell zone, potentially aiming for a reintegration into the Trump range. U.S. political events, such as presidential elections, have a significant impact on the USD's strength. The transitions in administrations are marked by notable shifts in the DXY.Shortby dragonflypipsPublished 222
DXY is moving lower**Monthly Chart** DXY monthly candle closed as bullish. This month's candle (still active) reached the supply zone last week around the 106 level and bounced lower from it. Note: I donโt trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** Last week's candle closed as a bearish engulfing suggesting a reverse trend lower at least to test the demand zone around the 104 level and then moving lower to the 103 level. **Daily Chart** This week, DXY is expected to have a corrective wave structure and consolidate before continuing the downward movement. There will be a release of monthly and yearly CPI on Thursday which can provide some strength to USD.Shortby PropSignalsUpdated 116
DXY STRUCTUREThe ability to adapt to changes in market dynamics and letting go of a fix mindset will keep you ahead of others in the trading industry, This is the weekly structure of DXY, we will be trading into the 4h OB and then there will be a buy side liquidation that will eliminate the trend line liquidity above before we head down for sells, so with your trading style use this to stay informed. Do well to like share and follow. say tuned for more updates.by Dr_Trade1Published 0
DXY | If inflation keeps growingAs DXY broke 3M key levels, I see no more relevant resistances until higher levels. BUT: Let's notice RSI and how it is reacting to the price action. Generally, a growing DXY is a short signal in the market, but it really depends on how the world economy perfrorms against USA, and how USA manages internal monetary policy. DYOR.by flectxinoPublished 0
Is she going to bounce!!!Inverse H&S played out yesterday, is this a retest and push back up. Daily FVG close by.. Longby Bluebell87Published 228
DXY is starting a rebound to at least 106.000The U.S. Dollar Index (DXY) has been trading within a 19-month Channel Up pattern and this week (as well as on August 05), it almost reached its bottom (Higher Lows trend-line). This is a Double Bottom formation so far, which is a bullish pattern, that was also formed on the 1D RSI. The last time the RSI completed this formation, we've had a bottom that gave way to a strong Bullish Leg. Most rallies/ declines within this pattern have been between a 4.00% to 5.00% range. As a result, we turn bullish on DXY now, targeting 106.00, which is just below a potential +4.00% rise and almost on the 0.5 Fibonacci level of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐Longby TradingShotPublished 3320
DXY Is Bullish! Long! Here is our detailed technical review for DXY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 102.879. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 103.134 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderPublished 111
How Much Higher Can Gold Go? Hey there The markets has been rather quite over the last two days as we all begin preparing for the imminent rate cut happening in September. With the most recent data reducing fears of recession and traders paring back their views on a 50bps rate cut the market seems to find a sense of stability as a result. Be sure to check out today's video to gain a deeper understanding of what to keep an eye out for next and how to take advantage of the opportunities lining up. 08:29by DeanMullerPublished 2
Check the trend It is expected that the correction will form up to the specified support levels and then a trend reversal will be formed and we will see the beginning of the uptrend. Otherwise, with the breaking of the green support range, the continuation of the downward trend will be likelyby STPFOREXPublished 0
Daily Technical Analysis of Gold,Currencies,and Indices16/8/2024Daily Technical Analysis for Gold, Currencies, and Indices - August 16, 2024 Introduction Welcome, I am Mohammed Qais Abdulghani, a financial markets expert. Recent key U.S. economic data has shown a clear divergence. While core retail sales have increased and jobless claims have decreased, the Philadelphia Fed Index came in negative. Overall, these data points did not see significant increases, suggesting that the U.S. economy has not been severely impacted by the rise in interest rates. Consequently, the U.S. dollar experienced positive trading, and this analysis will cover the U.S. Dollar Index (DXY) and its future outlook. U.S. Dollar Index (DXY) Analysis The U.S. Dollar Index rose on the back of positive economic data but remains within a downward trend below the main downtrend line, the 55-day moving average, and the 103 level. This indicates that downward risks persist. EUR/USD Analysis The EUR/USD pair continues to trade within a positive upward scenario. If prices manage to maintain support at 1.1000, the upward trend towards 1.1100 is likely to resume. However, a break below 1.0900 could invalidate this positive outlook. GBP/USD Analysis The GBP/USD pair maintains its current gains. The pair could resume buying opportunities if it breaks above 1.29000. For the USD/JPY pair, recent attempts have been made to erase previous losses. USD/JPY Analysis If the USD/JPY pair successfully breaks through the 149-yen level, a bullish wave could target levels of 153 and 158 yen. As for the USD/CHF pair, it has managed to hold onto its gains. USD/CHF Analysis Should the USD/CHF pair break through the 0.87250 level, it could continue to rise towards 0.8815 and 0.8890. However, failure to break this level could lead to a retreat in prices. AUD/USD Analysis The AUD/USD pair is attempting to regain upward momentum, but this will only be confirmed with a break above 0.667. NZD/USD Analysis The NZD/USD pair continues to trade under selling pressure, and it will only be able to escape this pressure by surpassing the 0.600 level. A break below 0.59600, however, may negate the positive scenario. USD/CAD Analysis The USD/CAD pair remains under selling pressure, with the bearish scenario targeting levels of 1.36000 and below. GBP/JPY Analysis The GBP/JPY pair is trading above its previous close at 185 yen, suggesting a positive scenario. However, confirming this uptrend requires a break above 196 yen. EUR/JPY Analysis The EUR/JPY pair continues to erase previous losses. If it manages to break above 166 yen, we could see a restoration of positive momentum and a rise towards 174 yen. EUR/GBP Analysis The EUR/GBP pair is relinquishing its positive trajectory. A break below 0.85500 could lead to a bearish wave targeting 0.85. USD/TRY Analysis The USD/TRY pair is shifting into a positive scenario. If prices remain above 33.5 lira, we could see a rise towards 34 and 35 lira against the U.S. dollar. Bitcoin (BTC/USD) Analysis Bitcoin is trading near the 60,000-dollar level, which coincides with the 55-day moving average. A complete break above this level could lead to a bullish wave targeting 68,000 dollars and 75,000 dollars. However, if the 66,000-dollar level fails to be breached, Bitcoin may fall back to 48,000 dollars. Ethereum (ETH/USD) Analysis Ethereum continues to battle for stability above 2800 dollars. Failure to maintain this level could result in a decline back to 2000 dollars. However, if buying interest returns at the 2800-dollar level, the bearish scenario could be negated. Ripple (XRP/USD) Analysis Ripple is currently holding above 55 cents. If this stability persists, it could lead to a rise towards 66 cents and 55.5 cents. Gold Analysis Gold is oscillating around the 2460-dollar level. Despite recent mixed U.S. economic data, gold prices have not been significantly affected. Gold continues to hold onto its gains due to geopolitical and military tensions in the Middle East. A break below 2400 dollars could signal weakness in gold, especially if inflation decreases, leading to interest rate cuts, which could negatively impact gold prices. Oil Analysis Crude oil is trying to maintain its gains and stay above the 77-dollar-per-barrel level. To regain a positive outlook, oil needs to break above 80 dollars per barrel. Meanwhile, silver has successfully regained its previous gains. Silver Analysis Silver is trending positively, holding above 27.5 dollars. To confirm the positive trend, prices need to fully break above 29 dollars. Natural Gas Analysis Natural gas is attempting to confirm its positive trend. If it breaks above 2.20 dollars, we could see a rise towards 2.60 dollars and 3.20 dollars in the medium term. Dow Jones Industrial Average Analysis The Dow Jones Industrial Average continues to gain and remains stable above the 40,000-point level, giving it momentum to rise towards 41,400 points. A successful break above this level could lead to further gains. S&P 500 Analysis The S&P 500 continues its upward trajectory. If it successfully breaks through the 5,500-point level, it could head towards the 5,800-point target in the upcoming trading sessions. Nasdaq 100 Analysis If the Nasdaq 100 breaks through the 19,250-point level, it could move towards the 19,750-point target in the next trading sessions. Russell 2000 Analysis If the Russell 2000 Index successfully breaks through the 2,125-point level, it could resume its ascent towards the 2,225 and 2,325-point targets. FTSE Analysis The FTSE Index continues to rise towards the 8,600-point level, provided it breaks through the 8,200-point level. DAX Analysis The DAX Index is targeting the 18,200-point level. If surpassed, it could continue to rise towards 18,650 points. CAC Analysis The CAC Index continues to reduce losses and stabilize at the 7,200-point level, potentially leading to targets of 7,600 and 8,000 points. Nikkei Analysis The Nikkei Index is steadily gaining, surpassing the 37,000-point level, which could lead to a target of 41,000 points in the near future, reflecting the continued positive performance of the Japanese market.by MohammedQaisPublished 1
US dollar Index, the DXY rebound to extend?The US Dollar index, the DXY, closed higher overnight at 103.04 (+0.46%) following stronger-than-expected US jobs and retail sales data. Provided the DXY remains above trendline support and recent lows 102.25/15ish, which it tested and rebounded from overnight, there is scope for further gains towards the 200-day MA near 104.00. by IG_comPublished 1111