dxyIt goes down a little and then follows the seller's stop and then goes down againShortby sepidehsky0
DXY Dollar Index Technical Analysis and Trade Idea In this video, we analyze the DXY Dollar Index. It's clear that the DXY has been exhibiting bearish momentum recently. However, it is currently range-bound, and we need to wait for the market to reveal its direction. My strategy involves monitoring the 15-minute chart for signs of a breakout. I am leaning bearish, but this will be confirmed later today as we approach the London and NY sessions. A breakout could present a trade opportunity, as described in the video. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential.08:59by tradingwithanthony3
DXY and Inter market Analysis Based on the DXY (U.S. Dollar Index) chart provided, here's an analysis and its potential effects on various markets: DXY Analysis: 1. Long-term uptrend: The chart shows a long-term uptrend channel (green dotted lines) from 2011 to 2024. 2. Recent consolidation: Since 2022, the index has been consolidating in a narrowing range (triangle pattern). 3. Potential breakdown: The chart suggests a possible breakdown from this consolidation, with a red arrow pointing downwards. 4. Current level: As of July 29, 2024, the DXY is at 104.241, showing a slight decline (-0.08%) over the week. 5. Mixed performance: While showing losses in the short term (1W, 1M, 3M), it has gains over longer periods (6M, YTD, 1Y). Potential effects on markets: 1. Stock Market: - A weakening dollar (as suggested by the potential breakdown) could be positive for U.S. stocks, especially multinational companies, as their overseas earnings become more valuable when converted to USD. - Emerging market stocks might also benefit from a weaker dollar, as it eases their dollar-denominated debt burden. 2. Forex Market: - A declining DXY would likely result in strengthening of other major currencies against the USD. - EUR/USD, GBP/USD, and other currency pairs vs. USD might see upward movement. - Emerging market currencies could also appreciate against the dollar. 3. Precious Metals Market: - A weaker dollar typically supports higher precious metal prices, as they become cheaper for non-USD buyers. - Gold, silver, and platinum could see increased demand and price appreciation if the dollar weakens as projected. However, it's important to note that this analysis is based on technical factors shown in the chart. Fundamental factors like economic data, Federal Reserve policies, and global events can also significantly impact these markets. Investors should consider multiple factors before making investment decisions.Shortby Moshkelgosha1111
Correction It is expected that after some fluctuation and correction, a change of trend will be formed and we will witness the beginning of an upward trend. If the index crosses the support range, the continuation of the downward trend is likely Shortby STPFOREX2
DXY Trading Journal Analysis DXY Trading Journal Analysis July 28 weeks targets Price is delivering above the 50% in a Premium market this past week. Price traded in a tight range in a consolidation pattern. There was a raid on both my ST noted equal sell/buy side liquidity targets-Celebrate. Price then accelerated away to seek higher prices. Price is 50% on the last price leg. Makes sense if NFC is this week, collecting orders getting ready for a big move. I anticipate for Price to gravitate to the Daily BISI to rebalance it. At range 104.800 for a potential high target. I also anticipate for Price to gravitate the clean equal lows at 103.650 for the weeks low target.by LParnell0
High probability setup...Everything in chart is so clear and good enough to long DXY. Trade safe. Longby rezamousavi0
DXY Analysis End of JulHi All, Greetings ! Hope you guys enjoy your weekend ! Last week of Jul , DXY has been exit the down trend movement after weeks . Lets see how it re-act this week . Cant wait this coming friday NFP ! Longby BKGTrader353
Dollar Index - Conflicting Market ConditionsLast week, dollar index witnessed a stop run into and through the weekly order block mapped out @ 103.885 before a retracement played out, booking price up to the macro dealing range of 104.348 (highs being 104.510). This week, the market managed to reprice up to a premium and above weekly buystops @ 104.510 before a sell-off happened. Candlebody closed as a spinning top bearish doji on the weekly. Whilst on the daily timeframe, the daily order block has held as 'support', as we are yet to see a daily closure at or below the mean threshold of the OB. Rangebound all week with the dealing range being 104.080 - 104.555. Awaiting for signatures in price to gauge whether buystops or sellstops is next. 03:52by LegendSince0
Pre-Fed DXYThe DXY touched the bottom of the downward channel last week but it managed to claw its back onto the 200-day MA support at 104.34. The DXY is trading near oversold zones and a retest of the 50-day MA, at 104.89, will likely be its next move. A surprise cut by the Fed will however see the DXY tumble onto the 38.2% support at 103.12 but our base case is for a retest of levels above 105.00. The markets were hit with two central bank rate cuts last week, the first from the Peoples Bank of China and the second from the Bank of Canada. Both central banks opted for a 25 basis points, like the ECB, and markets are bracing for three more rate decisions for the week ahead. The Bank of Japan is expected to keep rates unchanged at 0.10% and it seems like the BoJ’s currency manipulation strategy is finally bearing some fruit given that the Yen has managed to appreciate almost 5% in the past three weeks against the dollar. Additionally, the Bank of England is expected to cut their rates by 25 basis points. Everyone will however be holding their breaths for the Fed rate decision on Wednesday which is expected to remain unchanged at 5.50% On top of all the rate decision noise the latest non-farm payrolls print for the month of July will also be released on Friday with expectations pointing to a contraction of the US jobs figure. It is difficult to call the direction on the dollar and global risk sentiment given the busy calendar for the week ahead but the has been on the back foot in the month of July and a Fed pause may just allow the oversold dollar to lift its while other central banks continue to front run the Federal reserve. The macro economic data is suggestive of a resilient US economy after the 2024Q2 US GDP results printed a q-o-q growth rate of 2.8% last week. Longby Goose960
DXY BULLISH runDXY daily chart Looking at current price from the newly formed swing low at 103.741 which is close to the old swing low at 104.100, we can tell that price made a false break below and reversed back into the descending channel which signals a price reversal to the up-side targeting the swing high at 106.100. We can see a inverse H&S pattern forming on LTF’s 4HR/1HR and a lot of candles with multiple lower wicks that signal price rejection of the lows. 4HR/1HR chart We will be monitoring price action as we are currently consolidating within the price area of 104.520 (Top of range) and 104.180 (low of range). by cpointfx1
Idea for next week.Market Insight: Dollar Dips as PCE Data Fuels Rate Cut Speculation The U.S. Dollar Index is edging lower as traders digest the latest Personal Consumption Expenditures (PCE) report, which has heightened expectations for a Federal Reserve rate cut in September. The greenback’s movement is closely tied to the 200-day moving average, a key technical level that may determine its short-term direction. At 13:32 GMT, the U.S. Dollar Index is trading 104.283, down 0.116 or -0.11%.by EZIO-FX1
DXY - market structure - analysisthis is a ascending trend. this is what chart show us right now. but dont forget to put risk managment in your trading plan. if you cosider the M structure. that means there is all the time a probability to see a big drop. but chart is bullish so we will look for long positionsby KronFX2
A new trend come !!! DXY will go DOWN !!!Hello everyone ! A good Idea for long time - a new trend come for long time so do not waste this oportunity !Shortby Denis_price_action114
dollar for next week management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as backtesting,this practice allows you to apply your trading idea using historical data and determine if it is viable.09:07by Vishalatul0970
Next Week Trading Plan (DXY analysis)we have drawn some high lows of weekly and monthly swings after that, we have spotted a chart pattern on 4h of DXY indicating it was head and shoulder (incomplete) although the idea was the left shoulder of the pattern is bigger and on the right shoulder it will be shorter than the left shoulder neckline comes at 104.510 first target will be 104.900 which is derived from the right shoulder length and 2nd target is at level of 105.300 which is the length of head incase the first condition couldn't break through the neckline we then have to wait for price to retest the monthly and weekly support which is around 103.900 to 103.600by Jimmy_Rebello223
DXY Will Go Down From Resistance! Sell! Here is our detailed technical review for DXY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 104.242. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 103.696 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 114
Usd potential reversal?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Gonna be neutral for USD this week, wanting to see how the price action plays out with the avalanche of news coming out . Let's watch and play along. I do see a potential turn here. 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. ********************************************************************* by Shadowing_The_Big_Boys0
DXY foreceast for short.Technical Analysis... 📉 **DXY Forecast: Downtrend Ahead?** 📉 Experts are predicting a downtrend for the US Dollar Index (DXY). Factors such as changes in Federal Reserve policies, economic data releases, and global market conditions are contributing to this outlook. Traders and investors are advised to stay informed and consider potential impacts on their portfolios. 📊 **Key Points:** 1. **Fed Policy Changes:** Anticipated adjustments in interest rates and monetary policy could affect the dollar's strength. 2. **Economic Data:** Upcoming reports on employment, inflation, and GDP may influence the DXY. 3. **Global Markets:** International economic conditions and geopolitical events play a significant role. 🔔 **Stay Updated:** Keep an eye on market trends and financial news to make informed decisions. --- **Disclaimer:** This post is for informational purposes only and does not constitute financial advice. Investing in financial markets involves risk. Please consult with a professional financial advisor before making any investment decisions.Shortby Mr_zero776
(DXY) Dollar - Break out pending from its consolidationThe DXY is currently in a consolidation phase, and I expect it to break out soon. Regardless of the direction, we have marked points of interest (POIs) that will help us capitalize on trading opportunities. - Scenario 1: Price Breaks Upwards If the price breaks above the consolidation, I anticipate it will fill the imbalance and tap into the supply zones marked on the 30-minute and 8-hour charts. - Scenario 2: Price Breaks Downwards If the price moves down, I expect it to mitigate the 16-hour demand zone. This zone appears to be a strong buy setup, likely pushing the dollar back up. There’s also an imbalance above this demand zone that needs to be filled. Overall, I am favoring an upward move, as this aligns with my bearish outlook on GOLD, EUR/USD, and GBP/USD.Longby Hassan_fx6
DXY Buys"US data should give officials more confidence that inflation is heading to 2% and we suspect attention will start focusing on achieving a ‘soft landing’ for the economy. Next week’s FOMC meeting should lay the groundwork for a September rate cut as policy starts shifting from restrictive territory to something more neutral" - Source - Think ING A rate cut by the Fed will put bearish pressure on the US dollar. However, speculations of a rate cut have been going on for over the past month signalling that the rate cut has mostly been priced in. We can expect bullish price action leading up to the rate cut. Longby TheForexMessiah2
Dollar Index is consolidating at Range.Dollar Index is consolidating at Range, It may break its lower boundry to continue downtrendShortby ZYLOSTAR_strategy2