17.09.24 Morning ForecastPairs on Watch - AUDNZD XAGUSD GBPJPY AUDJPY A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy! 08:59by JordanWillson1
Weekly Recap & Market Forecast $SPX (Sept 22th—> Sept 27th)**Weekly Market Recap 🌐** Hello Investors! 🌟 This week, the S&P 500 broke out to new all-time highs as the Fed delivered a more aggressive rate cut than some expected. Let’s dive into the key events that shaped the markets this week. 📈 **Market Overview:** Heading into the week, the S&P 500 was already approaching fresh all-time highs, with debates intensifying over whether the Fed would cut rates by 25 or 50 bps at Wednesday's FOMC meeting. The US dollar remained weak, while interest rates were largely on hold. Positive US economic data leading up to the decision supported market optimism: September Empire manufacturing surged alongside a rebound in new orders, retail sales exceeded expectations, and housing starts reached their highest level since February, consistent with a 3% GDP growth rate. However, economic data from China and Germany remained soft, prompting renewed speculation about potential stimulus measures, particularly as the German ZEW survey hit its lowest level since May 2020. Additionally, WTI crude held steady near $70/barrel following a well-coordinated Israeli operation against Hezbollah fighters in Lebanon, raising concerns about escalating conflict. On Wednesday, the Fed opted for a 50 bps rate cut, citing recent data points, including payroll revisions and the Beige Book. The updated dot plot projections indicated that most Fed members now anticipate 100 bps of cuts for both 2024 and 2025. Fed Chair Powell emphasized that the move was intended to "not fall behind" the curve and to adjust policy in line with where the economy is headed. This bold move drew some criticism but was largely welcomed by investors as a sign of the Fed's commitment to a more neutral monetary policy. The S&P 500 broke out to a new all-time high above 5,700, as investors celebrated the clear path to a neutral stance. By the end of the week, modest profit-taking emerged during options expiration, but the market closed strong. The Dow gained 1.6%, the S&P rose 1.4%, and the Nasdaq added 1.5% for the week. **Stock Market Performance:** - 📈 S&P 500: Up by 1.4% - 📈 Dow Jones: Up by 1.6% - 📈 NASDAQ: Up by 1.5% **Economic Indicators:** - **US Economic Data:** Positive signals included strong Empire manufacturing, retail sales exceeding expectations, and housing starts reaching their highest level since February. - **FOMC Rate Cut:** The Fed delivered a 50 bps cut, with updated dot plot projections indicating an expectation for 100 bps of cuts in both 2024 and 2025. - **Yield Curve:** The US yield curve steepened significantly following the Fed's decision. - **Global Economic Data:** Weak data out of China and Germany led to speculation about potential government stimulus measures. - **WTI Crude:** Held near $70/barrel amid geopolitical tensions in the Middle East. **Corporate News:** - **Apple:** Started the week under pressure due to reports of underwhelming new iPhone orders. - **Amazon:** CEO Andy Jassy announced that staff would be required to return to the office for a traditional 5-day workweek in 2025. - **Boeing:** Announced plans to conserve cash, including a hiring freeze and furloughs, while its machinists continued their strike. - **Darden Restaurants & General Mills:** Both reported results, noting that a challenging macroeconomic environment remains a headwind. - **Mercedes Benz & Skechers:** Warned that deteriorating conditions in China were worse than anticipated, requiring a reset of short-term expectations. - **Nike:** Announced that veteran Elliott Hill will return as President/CEO after John Donahoe steps down next month. - **FedEx:** Weighed down the transport sector on Friday after missing Q1 estimates and cutting its FY outlook, citing a shift away from US domestic priority package business. - **Constellation Energy:** Reached an agreement to provide power from a restored Three Mile Island nuclear facility to Microsoft, boosting power generation and nuclear-related stocks. **Looking Ahead:** Next week will feature several key events: - **Fed Chair Powell Speech** - **U.S. PCE Inflation** - **U.S. Housing Data** - **U.S. Flash PMI Surveys** - **Earnings Reports:** Costco ( NASDAQ:COST ), Micron Technology ( NASDAQ:MU ), and KB Home ( NYSE:KBH ) As we move forward, these developments will be crucial in shaping market sentiment and guiding investment decisions. If you have any questions or need further insights, feel free to reach out. Here’s to another week of informed investing and strategic decision-making! 🌟by WallSt0071
DXY TRADE SETUPIndex; DXY ✔ Classic Bearish formation DXY is holding continuous down Trend so after market retracement I can take sell entry . If your analysis matches it take a trade otherwise skip the trade. "💖 Show your love by liking & leaving a comment! Your support means the world to us! 💖"Shortby Forex_bank_Liquidity1
DXY "Dollar Index" Bank Money Heist Plan on Bullish SideHola ola My Dear, Robbers / Money Makers & Losers, 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 1h 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.Longby Thief_TraderUpdated 4
DXY FACES FEAR AHEAD OF FED RATE CUTFed reserve committee set to cut interest rate lower after the pandemic. We may experience a fade in trend without the US facing recession. Technically, we may experience some weakness in USD ahead of the forthcoming US election Shortby Cartela1
The most important station for the dollar.The dollar is on the verge of danger and we will see an interest rate cut. If it maintains the buying areas, we will witness a strong rise and vice versa.by Alrashedi043
DXY Its about DXY in a high timeframe analysis. the price is currently at a critical daily level and is indicating signs of potential rejection from this level. Considering this analysis, here are some key points to take into account: 1. **Critical Daily Level**: is significant as it may act as a strong support or resistance point for the DXY. 2. **Rejection Signal**: The signal showing a potential rejection from this level implies that there could be a shift in momentum or a reversal in the price movement. 3. **Confirmation**: It's essential to seek confirmation from other technical indicators, price action patterns, or fundamental factors to validate the potential rejection and strengthen your analysis. 4. **Risk Management**: Implementing risk management strategies, such as setting stop-loss orders, is crucial to protect against adverse price movements in case the rejection signal does not play out as anticipated. 5. **Market Monitoring**: Stay updated on economic data releases, geopolitical events, and other factors that could impact the US dollar to make well-informed trading decisions. By considering these factors and conducting thorough analysis, you can better navigate the market dynamics surrounding the US Dollar Currency Index in high timeframes. If you need further assistance or more detailed insights, feel free to ask.Longby somayehbasiri6
DXY is starting to target 108i think the dxy will start to increase till novemberLongby Bu_khaaliid116
Completion of the correction of the dollar index DXY.H4 13.09.24Completion of the correction of the dollar index DXY The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers. From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the processShortby KovachTrader116
DXY Will Go Lower! Short! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 101.521. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 100.405 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!Shortby SignalProvider6629
Why I expect dxy to move up this weekAfter a long range of downward price action, I expect price to retracement to fill the gaps that have been made before continue moving downwards. Hence, my reason for expecting dxy to move up this week. by Johnfaks111
DXY LAST CORRECTION WAVE (WAVE C)Currently, from my perspective, DXY is probably in a corrective wave (ABC). WAVE B, is not yet done but anticipating an end at 99.099 price level. After then comes the last WAVE C then the bearish trend or thread continues.... Let's see how this goes. WAVE A = 5 WAVES WAVE B = 3 WAVES WAVE C = 5 WAVESby Ifeanyichukwuxx2
DeGRAM | DXY rebound from the retracement levelDXY is moving under an ascending channel between trend lines. The price has reached the lower boundary of the channel and 62% retracement level. We expect a rebound. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM116
price Action strategyDXY: According to technical analysis it has rejected from strong support zone 100.500 and it is trying to breakout the resistance 102.00. if its breakout the resistance and get bullish confirmation it can hit 103.500. secondly if it does not breakout the resistance then it can fall 99.500. its not financial advice just for education purposes.by FXNEWSCLUB1
Mid-term scenario for the dollar indexWe had a triangle pattern on the dollar index in the weekly timeframe that was broken. The index can pull back to the lower limit of the pattern and then reach the weekly demand.by mhbaniasadi4
$DXY and AltcoinsWill DXY go to the bottom of the channel or will it increase from here? It will increase, because of rate cuts. It avoided the bottom of the channel in 2018 because rates were increasing. Bullish for crypto. Longby Kicksmate115
Gold Making New Highs, Can The Dollar Make New Lows? Hey there, So, things are really starting to shape up and the markets are really beginning show its hand as we head ever closer to the much anticipated rate cut scheduled to happen next week Wednesday. That being said, now is the time for traders to begin positioning themselves to take advantage of much anticipated rate cut as the chances of a rate cut becomes more and more certain. If you'd like to know how you can take advantage of these moves, be sure to check out this weeks video and feel free to reach out if you have any questions. 08:38by DeanMuller3
DXY SUPPORT AHEAD|LONG| ✅DXY is going down to retest a horizontal support of 100.500 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 101.388 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
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 FOREXN1116
analysis DXY mallicastThe analysis of the Dollar Index by the mallicast team, which we have followed throughout the week, will continue as we aim to assess its further developments. Shortby mallicast2
USD - A Higher-Low for This Week After the Oversold W1 Read I had published an idea on the weekly oversold reading in DXY ( linked here: ) in late-August and as I said then, those are rather rare, and the last time we had one of those was in January of 2018. In that episode it took about three months of grind after the oversold reading for bulls to take over. And we haven't yet taken that low out since. But that's a single sample and RSI is a lagging indicator - so we have to be careful of drawing too much from that data. It does however highlight how the trade became crowded after a prolonged trend showed on a longer-term chart and as we've seen since the most recent instance, bears haven't been able to continue the move. And, as a matter of fact, there's been a more recent build of higher-lows. Last week showed a higher-low around the NFP release, and then this week showed a higher-low after the ECB 'rate cut rally.' The point of consternation here is USD/JPY and the carry trade. That pair hasn't yet touched the 38.2% retracement from the trend produced by the carry trade and that says that there could be much more to go. This is something that could be driven by next week's FOMC rate decision; and perhaps more important than whether its 25 or 50 bps is the question of how aggressive the Fed expects to be in November, December or through 2025 trade. This will be transmitted through the dot plot matrix and if it shows the FOMC leaning hard into a dovish posture, carry trades in USD/JPY could be further compelled to show greater unwind and that's something that could continue to drive the USD-lower. On the other hand, if the Fed takes more of a wait-and-see approach, carry trades could be a bit less alarmed and given the support that's just come into play in USD/JPY, there could be some short-cover from shorter-term traders that could lead to more of a bounce-type of scenario. Also of interest on the long side of the USD is just how elevated EUR/USD remains despite the fact that Europe isn't exactly in a more-healthy spot, economically speaking, than the US. - jsby FOREXcom5
The 4HR USDX W-Bottom Rocketing USD - Today! I know it reads like a headline in a newspaper trying to sell the Sunday paper, but that is really not me. But I am also not the kind of person who finds keeping a good secret - a secret. We are all here on Tradingview to watch each other's backs in a risk management and learning experience kind of way, in relation to being a consistent and profitable trader. A couple of things to be aware of today in your Friday-trading. I am quite convinced that the USDX will be propelled upwards & finally through 101.85 causing a sustained breakout in the dollar over the next several days to a week. I see this occurring right before, at the open or within in an hour or 2 of the NY market session today. What reason(s) do I have to be propagating this type of fear and panic into Traders today. I will tell you right below! The 4HR W/Bottom is now properly formed. Well the finishing touches are being made to the right-side of the W as I write, which will give the dollar plenty of relative strength. Helping that cause? Well of course that would be the momentum -oscillators RSI & Stochastic's on the higher timeframes. I watch these a lot in my own trading because they warn me about supply/demand levels especially when commodities, currency's, stocks, metals etc, enter their overbought and oversold zones - for example the USD has been beaten down the past month or so and it's now oversold, but when something is oversold, provided that it's a commodity, currency or thing that people want and demand again, it's oversold state becomes one with increasing buyer demand at cheaper prices - then boom - breakout. I will be watching closely the Vix Index as well. I see it possibly breaking higher than 15% today and as for Gold - well after yesterday's shot-in-the-arm, I for one will be Shorting it back to 2430 to 2450 levels. Finally, take a look at the following current 4HR USDX chart. What I see occurring with the Oscillators' is that the RSI / Stochastic's on the 1HR, 2HR, 4HR Daily & Weekly Charts, will cross-up out of their oversold condition's concurrently and simultaneously, igniting the USDX off it's W-Bottom and smashing through 101.85 without so much as the blink of an eye. Maybe I am a looney you are thinking? Yes, but a looney who capitalises ahead of time.by Easy_Explosive_TradingUpdated 223
DXY Will Go Lower! Short! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 101.006. Taking into consideration the structure & trend analysis, I believe that the market will reach 99.601 level soon. 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!Shortby SignalProvider114