DXY X-E WAVE STRATEGY (POTENTIAL BULLISH TREND TO THE UPSIDE)TVC:DXY forms X-E wave on a key support level. If it’s above to maintain this level then, we find a buy trade. Overall target $104, $106 -$114. Follow and like for more updates!Longby Money_PipsPublished 114
DXYDXY. Will DXY get bids from buyers ? As the price is at strong support level and bullish divergence indicating the buyers may attack this zone. If this happens and buyers start buying from here then the next target could be 101.500 followed by 102.500. What you guys think of this idea?by JustTradeSignalsPublished 4
DXY Index Sees Setback Amid Soft Labor and Inflation Data but..The US Dollar Index (DXY) experienced daily losses yesterday, following the release of softer-than-expected labor and inflation data. Despite these immediate setbacks, the broader outlook for the US economy remains positive, with recent indicators highlighting a level of growth that continues to exceed forecasts. The market’s reaction to the data, however, has raised questions about whether current valuations are overly optimistic. From a technical standpoint, the US Dollar is still trading above a key supply area, where we initiated a bullish position. This level has proven to be a crucial support zone, and as long as the price remains above it, the outlook continues to favor further gains. The recent dip in the DXY may have been triggered by weaker-than-anticipated data, but the underlying strength of the US economy suggests that this could be a temporary correction rather than a reversal of the broader uptrend. On the economic front, the US economy is still performing robustly. Recent data reveals that growth is outpacing expectations, driven by resilient consumer spending and stable industrial output. While the labor and inflation numbers may have cooled market sentiment in the short term, they are unlikely to derail the broader trend of economic expansion. With this strong economic backdrop, we maintain our bullish stance on the US Dollar. The softer data is not enough to overshadow the ongoing strength of the US economy, and we anticipate further upside potential for the dollar in the weeks ahead. While market valuations may currently reflect some degree of optimism, the fundamental outlook supports the case for continued appreciation in the US Dollar Index. As traders and investors weigh the short-term data against long-term trends, it is crucial to stay mindful of key technical levels and economic indicators. The recent pullback in the DXY may present an opportunity to reinforce bullish positions, particularly if the dollar continues to hold above critical support areas. Overall, we remain confident in the strength of the US Dollar and expect further gains as economic conditions evolve. ✅ Please share your thoughts about DXY in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.Longby FOREXN1Updated 117
Dollar bulls are strong hereIt has now been exactly a month since the DXY dropped to its price at the start of the year, which also serves as a technical support level. The price has bounced back from this zone twice but has failed to break above the 102 resistance, falling back each time. However, each time the bears attempted a decisive break downward, the bulls stepped in and pushed the price back up. Although the price did dip below the support zone on two occasions, these breaks were minor (around 0.2%) and did not qualify as significant. Yesterday, the price once again reversed strongly from this well-established support zone. It seems as though the bulls are waiting for a catalyst to trigger a true reversal. I anticipate that the USD will strengthen in the coming days and weeks. A break above the 102 resistance would confirm a bottom and open the path for further gains, with 104 as the next target. Longby Mihai_IacobPublished 4438
DXY long: Dollar is going to strengthenIn this analysis, take note of the following: 1. I have plotted a completed 5-wave structure for DXY 2. The fifth wave is an "ending diagonal" in red lines. What I suspect is that Dollar will bounce up strongly and that will be the result of stock market falling.Longby yuchaosngPublished 116
DOLLAR 4H DOLLAR 4H , will look for the strength for correction of wave 4 wherever DOLLAR gets at Fibonacci levels will look for weakens of dollar from WAVE 4 to WAVE 5 Longby SWINGTRANDINGLMPublished 111
DXY H8 - Long SignalDXY H8 There isn't too much to report on here for the likes of the dollar index, we have seen a bullish start to the week so far which was as expected, but we are still very much in the same range which trades between 100.200 price and 101.000 price, we really need to see a break north of this 101 level. A break of 101.000 price, and subsequent surge towards 101.800 to 102.000 price is the next goal. Good start to the week thus far. Lets see if we can start to see these setups we have been following unfold a little more in our favour!Longby Trade_Simple_FXPublished 1
DeGRAM | DXY closed the gapDXY is moving in a descending channel between trend lines. The chart maintains a downward structure. After the decline from the dynamic resistance, the price formed a gap, which it successfully closed during the rebound after reaching the support level. We expect the decline to continue after the retest of the trend line. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 2210
Bearish DXYBearish Dollar,the same like in the past,i am waiting to go downShortby cpopa9341Published 112
We are going to 72The global trend lines lead us to the year of the foundation of the petrodollar in 1974. We are moving to a new level of support, which I think will be achieved through another recession cycle. The rate will continue to decline at an extreme pace, and the pressure of the M2 money supply will inevitably create strong pressure on the DXY First, high-risk assets such as altcoins will grow, then we will see the collapse of the S&P500 from 6800 to 3400. At this point (2026), we can see DXY in the area of 72.Shortby makarov4uPublished 224
Wait wait wait is the game we playing nowDXY H4 chart Price is in a LTF consolidation phase and it is located in between the broken LTF swing low at 100.538. This consolidation is signalling to us that buyers entering the market as we closed the trading week rejecting the lows. We will wait for price to break to either the upside or downside and take the required action then but for now we WAIT!!! by cpointfxPublished 2
Rising Global Liquidity: Deflationary Dollar & Rallying EquitiesWhile it's uncommon for the dollar ( TVC:DXY ) and equities (S&P 500) to rise simultaneously, historical instances illustrate that it can occur under specific economic conditions. I think those conditions may be upon us! Historical Examples: 1995: DXY Movement: Strengthening S&P 500 Movement: Rising Context: Strong economic growth and corporate earnings propelled equities higher. 2001-2002: DXY Movement: Strengthening S&P 500 Movement: Rising Context: Economic recovery following the tech bubble burst. 2011: DXY Movement: Strengthening S&P 500 Movement: Rising Context: Safe-haven buying of the dollar amid European debt concerns, while stocks benefited from robust corporate earnings. March 2020: DXY Movement: Strengthening S&P 500 Movement: Rising (post-COVID) Context: Initial flight to safety due to uncertainty, followed by stimulus-driven stock market recovery. Mid-Late 2025 - Crescendo: DXY Movement: Potential strength driven by deflationary AI Pressure cheapening productivity & labor cycles S&P 500 Movement: Rising markets as all assets rally as a result of increased liquidity from stimulus Context: it takes a few months for stimulus to reach assets- the next few *years* might have stimulus coming. Inflate the debt away while the dollar rises? These historical instances suggest that a strengthening dollar *can* coexist with rising equities, particularly in environments characterized by global liquidity increases. Given the chart, we have a convergence of two long term trend lines, first in the ascending channel on the ‘short term’ (1yr candles, in top photo ascending channel). Then for the longer term ‘cup’ trend going back decades (ref bottom RSI momentum dating back to 1980s), *that* might show that we truly are on the cusp of incredible amounts of stimulus. What do you think? Is it possible that the dollar goes higher while we receive trillions in stimulus? Is this the fuel for the ‘everything rally’? by httpzPublished 7
Possible Trend of the Dollar Index in 2023In this idea, the trend of the dollar index in 2023 is shown. In 2022, due to the fall of the stock index of most industrialized countries, we saw the growth of the dollar index, and the final resistance line according to the Fibonacci tool set at the Fibonacci level of 1.41 and the index at 114. but after that, the dollar index began to fall, and this fall has three hard resistance levels ahead, and the hardest level is the range between Fibonacci 0.38-0.5. Good luck. SEYEDby SEYED98Updated 7710
Market News Report - 29 September 2024Due to an unsurprising rate hold, the Aussie was among the top-performing currencies in the major forex markets. Meanwhile, the dollar fell against AUD and several other currencies as the recent Fed cut continues to downplay the greenback. Have any fundamental outlooks changed for this week compared to our last report? Let's find out. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: bearish. Unsurprisingly, the Fed's recent historic 50 basis points (bps) rate cut is still a hot topic, keeping the bearish bias firmly in place. The central bank has signalled the potential for two 25 bps drops by the end of this year. In line with this sentiment, the Fed also revised 'dots' lower, Gross Domestic Product (GDP) and unemployment higher. Negative expected jobs and ISM services data coming this week will add further to the bearish pressure. Despite these fundamentals, the DXY has yet to break the support area at 100.617, instead ranging around this level for quite a while now. So, be mindful of a potential technically-driven retracement. Meanwhile, the key resistance is far away at 107.348, which will remain untouched for some time. Long-term outlook: weak bearish. Markets anticipate rate cuts before the year ends, with the Fed keen to harness a soft landing. Also, any data on weakened jobs would be another bearish driver for the dollar. However, any potential strength in upcoming GDP (Gross Domestic Product) and jobs would make rate cuts less urgent, allowing for a USD retracement. Euro (EUR) Short-term outlook: weak bearish. As usual, the STIR (short-term interest markets) were predictably accurate as the European Central Bank (ECB) cut the interest rate a few weeks ago. While 'being mum' about forward guidance, they revised core inflation projections higher. Also, the past week saw weaker economic data across various European nations. Finally, short-term interest rate (STIR) markets have indicated a 93% chance of a rate cut in October. Meanwhile, the chart tells a slightly different story. After recently breaking a major resistance, the next target is 1.12757. Meanwhile, the key support area lies far below at 1.07774. Long-term outlook: bearish. After a long period, we have changed the long-term bias to 'bearish' (from 'weak bearish'). The ECB has yet to commit to a specific future path with the interest rate for some time. Due to lingering concerns over services inflation, a rate cut in October has become more likely than before. There is a 7% chance (down from 67% of a hold (according to STIR markets). All of this accents the bearish bias. British pound (GBP) Short-term outlook: bearish. The Bank of England (BoE) kept the interest rate steady in its meeting. Still, the language indicates that they need to be “restrictive for sufficiently long.” Early last week, the central bank's higher-ups stressed "a gradual need" to cut rates. As with the ECB, the central bank's current key theme is fighting persistent inflation in the United Kingdom. So, it makes more sense to be dovish than hawkish. Expect any shocks in inflation (or other data like labour) to send the pound lower. Like the euro, the British pound has been saved by dollar weakness on the charts. However, it is more bullish. We must go onto the weekly chart to see the next resistance target at (1.34825). On the other hand, the nearest key support is far away at 1.26156. Long-term outlook: weak bearish. Sequential rate cuts by the BoE may soon be a reality. Also, expect any weak CPI, labour, and GDP data to back up the bearish bias. However, the central bank hopes for lower service inflation, which may provide relief. Another interesting point is the latest CFTC (Commodity Futures Trading Commission) report, showing that GBP longs have been stretched to the upside. So, bullishness should be limited at some point. Japanese yen (JPY) Short-term outlook: bullish. The primary bullish catalyst is the Bank of Japan’s (BoJ) recent decision to hike the interest rate. STIR markets expect a hold (99% probability) at the next meeting but a hike at the start of next year. Governor Ueda of the BoJ noted that despite domestic economic recovery, recent exchange rate movements have reduced the upside risk of inflation. All of this backs up the potential for a rate hold or hike. USD/JPY has long been bearish, recently surpassing (but not breaking with confidence) the major resistance at 140.252. Meanwhile, the major resistance (at 161.950) is too far for traders to worry about. Long-term outlook: weak bullish. Lower US Treasury yields are one potential bullish catalyst for the yen (the opposite is true). Inflation pressures and wage growth would also provide upward momentum. We should also consider that the dovish tendencies of other major central banks and worsening US macro conditions are JPY-positive Still, as a slight downer, near-term inflation risks subsiding (according to the BoJ) reduce the urgency for a rate hiking cycle. Australian dollar (AUD) Short-term outlook: weak bullish. The Reserve Bank of Australia (RBA) kept the interest rate unchanged during the Sept. 24 meeting. They further stated that they "did not explicitly consider rate hikes" for the future, which is a marginally dovish statement. The Aussie remains sensitive to China’s recent economic woes, especially with declining iron ore prices from the country’s steelmakers. As always, it depends on drops or rises in economic data like GDP, inflation and labour. The Aussie market has risen noticeably of late, having exceeded the recent resistance level at 0.68711. However, as it has yet to break the level confidently, we need to see how it behaves near the latter. Meanwhile, the major support level is down at 0.63484. Long-term outlook: weak bullish. The RBA has certainly changed their tune from hawkish to slightly hawkish/dovish. Overall, it's crucial to be data-dependent with the Aussie, especially with core inflation as the RBA's key focus area. However, the Australian dollar is pro-cyclical, so it is exposed to economic growth in other countries. New Zealand dollar (NZD) Short-term outlook: weak bearish. In its latest meeting, the central bank's dovish stance (where it cut the interest rate) puts the Kiwi in a 'bearish bracket.' Furthermore, the Reserve Bank of New Zealand (RBNZD) also revised cash rate projections lower, which signals a dovish move. The markets see a 70% chance of an 0.5% rate cut next month. The Kiwi has recently breached a major resistance at 0.62220. While the next target is at 0.63696 (where it is very close to hitting), the latter area is still worth considering. Conversely, the major support is at 0.58498, an area which it is unlikely to test soon. Long-term outlook: weak bearish. In its latest meeting, the central bank's dovish stance (where it cut the interest rate) puts the Kiwi in a 'bearish bracket.' However, as a risk-sensitive currency like the Aussie, any growth data in China could trigger bullishness for NZD. So, traders should be data-dependent. Canadian dollar (CAD) Short-term outlook: bearish. The Bank of Canada (BoC) recently dropped the interest rate to 4.25%, as anticipated by the markets for some time. Further cuts in the next few meetings are on the cards (with a 57% chance of a 50bps cut next month), with the long-term target being 3%. Unemployment, weak economic growth, and mortgage stress are the key drivers for this dovishness. The CAD continues to strengthen mildly due to USD weakness. It now looks to test the next major support target at 1.33586, while the major resistance is far ahead at 1.39468. Long-term outlook: weak bearish. Expectations of a rate cut remain the focal point. Governor Macklem himself stated a while ago that it's reasonable to expect more cuts in the future. Any big misses in the upcoming data for GBP, inflation, and GDP will probably boost the chance of a rate cut next month. Also, mortgage stress remains a major factor in this interest rate policy, and the BoC will have to cut rates to alleviate it. Expect encouraging oil prices, along with general economic data improvement, to save the Canadian dollar's blushes. Swiss franc (CHF) Short-term outlook: bearish. STIR markets were, as usual, correct in their 43% chance of a 25bps rate cut (from 1.25% to 1%) this past week. In the Sept. 26 meeting, the Swiss National (SNB) indicated its preparedness to intervene in the FX market and further rate cuts in the coming quarters. Still, the Swiss franc can strengthen during geopolitical tensions, such as a worsening Middle East crisis. We are seeing a clear range on USD/CHF in a strong bear move. So, let's see which side the market is going to incline more towards going forward (although it looks more south than north). The major support level is closer at (0.83326), while the major resistance level is far higher at 0.92244. Long-term outlook: weak bearish. The bearish sentiment remains after the last SNB meeting, while inflation is being tamed with lower revisions. We should also remember that the SNB's intervention prevents the appreciation of the Swiss franc. On the flip side, 'safe haven flows' and geopolitical risks can be positively supportive for the currency. As with other central banks, inflation is a crucial metric in the SNB's policy rates. Conclusion We have kept our fundamental outlooks the same, except for the long-term outlook on the euro. Anyone trading the latter in the coming weeks should bear this in mind. Besides the US-related news, this week isn't filled with high-impact economic events, meaning less volatility. Still, hope for the best and prepare for the worst. This report should help you determine your bias toward each currency in the short and long term. by CityTradersImperium_CTIPublished 1
DXY: Move Down Expected! Sell! 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 downside. So we are locally bearish biased and the target for the short trade is 100.246 Wish you good luck in trading to you all!Shortby XauusdGoldForexSignalsPublished 113
Continued fall of the dollar index DXY. H4 30.09.2024Continued fall of the dollar index DXY The dollar index is moving downwards without changes. There was an attempt to trade, above which it was not allowed to consolidate and eventually fell. I showed this in the last analysis and now I am aiming at the support levels around 99.20. Perhaps they will just make a false update of the low and come back, it is not known in advance, but at the moment we are trading near the visible support and so far without an upward reaction. Therefore, 99.20 is the next strongest level in recent years and it is ideal to test it before a reversal. TVC:DXY Shortby KovachTraderPublished 2
DeGRAM | DXY decline from the trend lineDXY is moving in a descending channel between trend lines. The descending structure is not broken. The price is below the correction level. The chart is moving between trend lines and has already reached the upper one. We expect the decline to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMPublished 112
End of the week analysis27th September DXY: Price could trade higher to retest 100.90, if bearish trendline held, could trade back down to 100.55 NZDUSD: Buy 0.6290 SL 20 TP 40 AUDUSD: Buy 0.6905 SL 15 TP 50 GBPUSD: Sell 1.3290 SL 25 TP 75 (if support holds) Buy 1.3345 SL 30 TP 80 EURUSD: Sell 1.1090 SL 25 TP 80 USDJPY: Could range 143 to 144.50, Buy 145 SL 50 TP 200 USDCHF: Nothing for now USDCAD: Sell 1.3480 SL 25 TP 60 Gold: Could retrace down to 2640-2652 range, look for reaction there.by JinDao_TaiPublished 8
DXY to 100?!intraday charts on DXY seem to be leaning bearish with 100.500 acting as resistance. with no clear support in sight, a leg down to higher time frame market structure is expectedShortby trader9224Published 1
DXY View!!The dollar index DXY Friday fell by -0.16% and posted a 14-month low. The dollar moved lower Friday after weaker-than-expected US personal income and spending reports knocked T-note yields lower, a bearish factor for the dollar. Also, Friday’s benign US Aug core PCE deflator report boosted the chances for additional Fed interest rate cuts, which was negative for the dollar. The dollar recovered from its worst levels after the University of Michigan US Sep consumer sentiment index was revised up to a 5-month high.Longby FXBANkthe8055Published 2
DXYLooking for buy opportunities confluence of harmonic patterns. Area of demand. Crab pattern and Shark pattern.Longby Artchaar_2486Published 5
DXY Index ProbabilityDXY Index Probability DXY has a 84% Buy Cycle with a 5.67% probability of 98.3 (-5.88%). Accumulation price is currently at 104.44 with an average accumulation price of 102.16 (-2.18%) Longby spreadcheatPublished 1
Livestream Levels26th September DXY: If it breaks above 101 and bearish trendline, could trade up to 101.30. Needs to break 100.80 to signal continuation of downtrend. NZDUSD: Buy 0.6280 SL 30 TP 70 AUDUSD: Look for reaction at 0.6820 GBPUSD: Sell 1.3285 SL 40 TP 110 EURUSD: Buy 1.1150 SL 20 TP 50 USDJPY: Buy 145.30 SL 40 TP 160 USDCHF: Nothing for now USDCAD: Buy 1.3515 SL 25 TP 80 Gold: Break 2670 could see rapid rise to 2700by JinDao_TaiPublished 6