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Dxyanalysis

DXY at an important crossroadsSince the beginning of the year, the USD Index has risen 5% from its lowest point to its peak. However, trading USD pairs has proven to be quite challenging due to the choppy price action and significant volatility between support and resistance levels. Upon analyzing the chart, the upward movement appears staggered and resembles a rising wedge pattern. This suggests that it may actually be a correction of the previous leg down from 107 to 100, indicating a potential impending decline. Confirmation for this hypothesis lies around the 103.80-104 zone. If the price breaks below this level, we should pay close attention to the next support levels, including 103, 102, and the crucial psychological and technical support at 100.
TVC:DXY
by Mihai_Iacob
DXY Technical Analysis and Trade IdeaTechnical Outlook: - The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend. - Recent price action indicates a retracement to a significant daily (1D) support zone. - This technical setup presents potential buy opportunities in line with the prevailing bullish bias. Trade Suggestion: - Entry: Consider long positions upon confirmation of bullish trend shifts on a lower time frame at the current support level. - Targets: Aim for 105, 105.5, and 106 as price objectives. - Stop-Loss: Strategically place stop-loss orders below the immediate support to manage risk. Important Disclaimer: This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.
TVC:DXYLong
by fxtraderanthony
XAUUSD Trendline Downside❤️MY FOREX TEAM❤️ INFORMATION Gold price is set to finish the week with losses, even though has recovered some ground. According to the daily moving averages (DMAs), XAU’s is upward biased, but since reaching $2088 on December 28, it has printed successive series of lower highs/lows, opening the door for further downside. If XAU/USD prints a daily close below $2000, that could sponsor a leg-down to the 100-DMA at $1996.10, followed by the December 13 low of $1973.13. A breach of the latter will expose the 200-DMA at $1965.46. 🔥BUY AND SELL SIGANALS UPDATE ON MONDAY ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Geopolitical Tension week gold in downtrend ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
DXY DROP?? = Massive RUN UP on xxxUSD! READ. DXY recently had its massive rally to the UPSIDE which imo is a CORRECTIVE MOVE. We are expecting DXY to make its first LEG down this week or have its FULL DROP next week. How does this information about US DOLLAR help? IF USD goes DOWN, xxxUSD rallies UP. It is important you understand the US DOLLAR before engaging in any xxxUISD pair. How do we FRAME the trade setup? IF DXY pulls back up to the yellow zone first, we will be looking to BUY LONGS on xxxUSD pairs. BUT IF, DXY drops from our current price down to the PMH (If you have my indictors you should already see the PMH level on your chart.) we will be looking to SELL xxxUSD last LEG instead and that would mean, DXY has met up with the required volume needed to make a new HIGH. That will be our PLAY.
CAPITALCOM:DXY
by TheHOODofCRYPTO
DXY Dollar Index Technical Analysis and Trade IdeaThe #DXY is currently exhibiting range-bound behavior within a broader bullish trend on higher timeframes. While the overall bias remains positive, current price action does not present a compelling entry point for a long position. My strategy involves two potential scenarios: 1: Breakdown Scenario: A break below the current range support would provide a discounted long entry opportunity. 2: Breakout and Retest Scenario: A decisive break above the range high, followed by a retest and failure of that level as new resistance, would signal a potential long entry. Key Technical Considerations: - Trend Analysis: The higher timeframe bullish trend offers context for potential long setups. - Market Structure: Understanding the current range structure guides entry and exit points. - Price Action: Closely monitor price behavior around key support and resistance levels for trade signals. Disclaimer: This analysis is strictly educational and does not constitute financial advice. Always conduct your own independent research and thoroughly evaluate your risk appetite before executing any trades.
TVC:DXYLong
by fxtraderanthony
DXY 103.413 - 0.11 % SHORT IDEA MTF 🐻🐻🐻HELLO TRADERS Hope everyone is doing great 🛑 A look at DXY ahead of the day 📌 DXY 4H TF * Looking at DXY from the 4H we see a break above BSL * Swept BSL but traded back into the range with some bearish momentum. * If we see momentum back into the range i would be looking for shorts. * Looking for some short ideas on the dxy. * Especially because of that body closure back into the range. DXY 1H TF * On the 1h alike, strong bearish momentum in play. * Retracement into some of the internal LIQUIDITY . * looking for some retracement into PD ARRAYS ( FVG + OB & balance price range) * & should they hold looking for continuations with the bears. DXY 15 M TF * ASIAN LOWS taken. * Possibly signaling a bearish NY SESSION. * TRADE IDEA 1. london open - bullish setup for asian highs 2. short set-ups NY session. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:DXYShort
by PULEMokhothu
6
DXY 103.523 +0.06% LONG IDEA MTF BREAKDOWN 🐮🐮📌HELLO TRADERS Hope everyone is doing great 🛑 A look at DXY ahead of the WEEK 📌 DXY WEEKLY TF * Bulish sentiment still in play on the weekly TF * Violated the bearish FVG * Tested and rejected from this PD ARRAY * POSIBLE BULLISH CLOSE FOR OUR WEEK DXY D TF * Looking at DXY from the DAILY TF we see a break BELOW (SSL) which are Monday lows. * Swept SSL but traded back into the range with some bullish momentum. * If we see momentum back into the range i would be looking for long. * Looking for long on the DXY because we do not have a bearish body closure. * & we are still in an indecisive state, in wick city as well. DXY 4H TF * On the 4h alike, indecisive momentum in play. * Retracement into some of the internal LIQUIDITY . * looking for some retracement into PD ARRAYS ( FVG + OB & balance price range) * & should they hold looking for continuations with the bulls. * Violation of the FVG signals bullish momentum and some confirmations DXY 1H TF * Monday LOWS taken. * Possibly signaling a bullish week ahead. * might see a SEEK & DESTROY PROFILE 1. IRL - ERL 2.Looking for LQ RUNS. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:DXYLong
by PULEMokhothu
Bullish Continuation on DXY Towards 105.400The US Dollar Index (DXY) has shown signs of a potential bullish continuation after breaching and closing above the previous week's high, overcoming a significant supply level at 102.750. This bullish momentum followed a two-week consolidation period, indicating a potential shift in the market sentiment. Last week's bullish close and the successful breach of the key supply level suggest underlying strength in the DXY. The week started off pretty volatile with price action on Monday reaching 104.600 before starting to dip lower. Anticipating higher prices, we are closely monitoring potential retracement levels for a strategic entry. Possible Retracement Levels: There is a possibility that the DXY could trade lower to gather new liquidity between the levels of 104.00 and 103.600. This retracement could serve as an opportunity to enter a long position, provided the DXY regains strength at these levels. Trade Projection: If the DXY retraces to the identified levels and shows strength, we anticipate a long position towards 105.400 and beyond. This projection aligns with the overall bullish sentiment in the market. Pairs to Watch: For potential longs, we will be monitoring USD/JPY and USD/CAD, seeking key levels for strategic entry points. Conversely, for shorts, we will be observing EUR/USD, GBP/USD, NZD/USD, and AUD/USD for potential setups. Effective risk management is crucial in this trade idea. Establishing appropriate stop-loss orders and position sizes is essential to protect against unexpected market movements.
TVC:DXYLong
by elevated-fx
1
DXY Price Analysis- 27 Jan 2024Weekly Analysis: In the last week PA had a very good consolidation above the W-IFVG, & Its acting as a support here. So in the up coming weeks we are going to touch the W-BSL level 104.263, nested in the W-FVG. Weekly Bias: Bulish. Daily Analysis: The last week PA had a very good consolidation & the D-IFVG worked as a good support level, so as long as we are above 103.147 level we are bulish. There is a unmitigated D-BSL level 103.817. In the upcoming days we are going to touch above D-BSL. Daily Bias: Bulish
TVC:DXYLong
by Trader_PKR
Wave-by-Wave Adventure, US Dollar UnpluggedDecoding the US Dollar Index: Navigating Wave (V) with Thrills Since the economic tumult of 2008, the US Dollar Index DXY (USDX) has been on a captivating journey, tracing significant waves on its chart. As of now, it stands on the precipice of unfolding the final leg of this larger movement, marked as the thrilling wave (V) on the weekly chart. Weekly Chart Adventure: Wave (I), (II), (III), and (IV): Conquered. Wave (V): The adventure is just beginning. Daily Chart Expedition: Inside the thrilling wave (V), wave I, II, and III have been epic conquests. Currently navigating the challenging wave IV, a terrain of correction. 4-Hourly Chart Odyssey: Within the tumultuous wave IV, ((A)), ((B)), and the unfolding ((C)). Inside ((C)), embarking on subdivisions: ((a)), ((b)), and the imminent thrill of ((c)). Thrilling Wave Principles: Witness a double correction, an unexpected twist in the daily chart's narrative. The ongoing correction within wave IV on the 4-hourly chart involves a complex W-X-Y pattern, adding an unexpected thrill. According to the pulse-pounding Elliott Wave Theory, wave (2) should not retrace more than 100% of wave (1). Current Pulse: ((a)) of ((C)) is reaching its climax, with the suspenseful unfolding of ((b)) and the highly anticipated ((c)) yet to grip our attention. Critical Invalidation Level: 107.335 (A point of no return, a daring move beyond 100% retracement of wave (1) inside ((C))). Please Note: This analysis is not just a journey; it's a heart-racing adventure crafted for EDUCATIONAL PURPOSES ONLY. Get ready for more twists and turns as we navigate the thrilling waves ahead...!! I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:DXY
by RK_Chaarts
2
DXY Technical Analysis and Trade Idea for Week Beginning 5th FebGiven that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the break above the range and I'm looking at the retrace for a potential entry point. We can see similar opportunities presenting themselves with the EURUSD the AUDUSD etc. in the video we touch on how the market shaped up prior to the NFP release on Friday and we look at a potential trade opportunity. As always this information is intended for educational purposes only and not to be taken as financial counsel.
TVC:DXYLong
by fxtraderanthony
DXY: The USD kept its weekly rise ahead of the Fed's decisionThe dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this month. Dollar demand has been buoyant this month as traders trimmed expectations for when the Federal Reserve will start cutting interest rates due to strong U.S. economic data and reaction from central banks. naughty. The greenback was also supported by escalating geopolitical tensions in the Middle East, which have weighed on risk sentiment amid fears of a broader regional conflict. The US central bank is expected to leave interest rates unchanged, and so the focus will likely be on Fed Chairman Jerome Powell's post-meeting press conference to see if he will signal a cut. Analysts at ING said: “With US data releases - most recently December JOLTS data showing expanding employment opportunities - there appears to be little reason for the FOMC announcement tonight prompted the market to price in well above the current 130 basis point rate cut this year.” in a note. “This would be a neutral/positive development for the USD.” There's more labor data to study on Wednesday, in the form of ADP Private Payrolls for January, ahead of weekly initial jobless claims on Thursday and then broad data on Friday. - viewed monthly salary reports.
TVC:DXYLong
by Chart_MasterPro
DXY Dollar Index Technical AnalysisThe DXY has demonstrated a notable rally on the 1-day (1D) time frame, exhibiting distinct range-bound price action as it operates within a previously established weekly distribution level. The absence of a discernible trend is evident, with the market remaining in a sideways movement for an extended period. With high-impact news events scheduled for later today, Thursday, and Friday, there is potential for a breakout from the current range, presenting opportunities with dollar pairs. It is imperative to clarify that this analysis is intended exclusively for educational purposes and should not be construed as financial advice.
TVC:DXY
by fxtraderanthony
DXY: Will the Fed Be a Catalyst for Direction in the USD Index?For the past two weeks, the DXY has been trading within a frustratingly narrow range, lacking clear direction. Today's FED press conference may provide some resolution to this stagnant pattern. Leading up to this event, prominent Fed members have cautioned against overly optimistic expectations regarding future rate cuts. They emphasized that the Fed does not intend to reduce the benchmark rate as rapidly as markets had anticipated. Supporting data further reinforced the Fed's stance. December's CPI surpassed expectations, indicating persistent price pressures, although much of this was influenced by base effects that are now mostly behind us. Additionally, January's flash PMI data and Q4 GDP print were strong, albeit slightly lower than the 4.9% growth seen in Q3. Despite this, equity markets rallied, and the unemployment rate now stands well below 4%, suggesting a positive outlook for a 'soft landing' or 'golden path' scenario. If the Fed identifies upside risks to services inflation due to the strong data, it will proceed with caution. However, there's a general expectation that the Fed's statement will adopt a more neutral tone. Technically, as indicated in the posted chart, the DXY is trading within a defined range between the 103.10 zone and the 103.70 zone. A breakout from either of these zones could provide insight into a medium-term direction. In my view, considering the market's overly optimistic anticipation of rate cuts and the upward pressure on prices, we may see a breakthrough above resistance. In such a scenario, a bullish medium-term trend could emerge, potentially driving the index back towards the 107 zone.
TVC:DXYLong
by Mihai_Iacob
2