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Dxyanalysis

DXY on the Brink! Key Levels and Patterns You Can't Miss Trading Idea Breakdown for USD Index (DXY) Chart Overview: Time Frame: 4-hour and 1-hour charts Instrument: U.S. Dollar Index (DXY) Key Levels and Zones: Daily High: Level: 112.304 Significance: Significant resistance level from previous price action peaks. Weekly LQZ (Liquidity Zone): Level: 108.007 Significance: Key zone where price has shown notable liquidity and potential for major reversals or continuations. Daily LQZ: Level: 106.524 Significance: Important daily liquidity zone that influences short to medium-term price action. 4-hour LQZ: Level: 103.894 Significance: Critical level for intraday trading, often indicating significant support or resistance. Daily LQZ (Lower Zone): Level: 101.908 Significance: Lower daily liquidity zone that could act as a strong support if the price dips. Missed LQZ: Level: 100.552 Significance: A previous liquidity zone that was not retested, potentially a strong support area. Missed LQZ (Lower Zone): Level: 99.561 Significance: Another potential support level if the price continues to decline. Technical Patterns: Descending Triangle: Visible on the 4-hour chart, the descending triangle pattern indicates a potential bearish continuation if the price breaks below the lower trendline. Ascending Triangle: Observed in the price action within the upward sloping trendlines, suggesting potential bullish movement if the price breaks above the upper boundary. Flag Pattern: Noted in both the charts, flag patterns typically indicate a consolidation phase before a continuation of the prevailing trend. Price Action Insights: Current Price: 104.084 (at the time of the screenshot) The price is hovering near the 4-hour LQZ, indicating a critical decision point for either a bounce or a further decline. Potential Scenarios: Bullish Scenario: If the price holds the 4-hour LQZ and breaks above the recent consolidation, we could see a move towards the daily LQZ at 106.524 and potentially higher towards the weekly LQZ at 108.007. Bearish Scenario: If the price fails to hold the 4-hour LQZ and breaks below, we might see a decline towards the daily LQZ at 101.908 and possibly further towards the missed LQZ at 100.552. Market Sentiment: The charts suggest a balanced sentiment with key liquidity zones serving as potential pivot points for future price action. Traders should watch these levels closely for signs of strength or weakness to determine the next significant move.
TVC:DXY
by Adlercon333
DXY Analysis. Bullish dollarHello everyone i want share my idea about Dollar index. From the beginning of the year dollar changed trend from bearish to bullish which is absolutely logical and still we are uptrend, in this year everyone waiting for cut rates which will positive for dollar and this 6 month upside movement is signal, the trend will be bullish next six month. At the moment we see some correction of dollar index which is the best tool to understand what will happen to dollar pairs ( not to USDJPY pair, JPY is in trouble, the price moves different) i used support and resistance zones at higher timeframe to understand where the correction will end, then i used fibonacci tool and scenes what will happen when price will come at the point. I am bullish at dollar for that i am waiting my first and second scene which is bullish movement but if i will be wrong i have prepared third scene which will cover my loses. IF I AM WRONG I WILL ACCEPT IT AND FOLLOW TO PRICE ACTION! ALWAYS MAK YOUR OWN RESERACH! I WILL UPDATE THIS IDEA EVERY WEEK.
TVC:DXYLong
by elmakacho
Mastering HTF Analysis: DXY & EURUSD Weekly to Monthly Forecast!Greetings, traders, and welcome back to today's video! In this session, we'll be conducting a higher timeframe outlook on the DXY and EURUSD. Our goal is to understand what we can anticipate in this week's and this month's trading sessions. This video will also provide insight into how I approach my trading, focusing on different logs for various aspects of my analysis: Higher Timeframe Analysis : Monthly, weekly, and daily analysis conducted at the beginning of each week. (Primary Focus In Todays Video) Interest Rate Logs: Tracking changes and impacts of interest rates. Intraday Trading Layouts: Used daily to keep my charts organized and clutter-free. Analyzing these layouts separately at different times helps me stay organized and maintain a clear perspective. Let's discuss the market structure. Markets are driven by smart money, also known as the banks. They are the liquidity providers, while we are the spectators. Central banks own the currencies and set their trading values. Understanding that markets are liquidity-based—it's us against the banks—we see that banks move prices toward liquidity to pair and book against it. So, where does the most liquidity reside? The higher timeframes. The higher the timeframe, the larger the sponsorship. That's why we'll be analyzing the higher timeframes today to gain a strategic edge. Let's dive into the charts and uncover these crucial insights together. Premium & Discount Price Delivery in Institutional Trading: If you have any questions, please leave them in the comments section below. Happy Trading, The_Architect
by The_Archi-tect
Selling pressure on USD is increasing and in the current contextDXY: USD index today is maintaining below 105.20. After consecutive drops beyond the support level, the USD is in a continuing downtrend Investors should pay attention to protect profits with BUY positionsShows that selling pressure on USD is increasing and in the current context, information about the US is getting worse, causing the USD to weaken. Regarding technical factors. Because it has broken out of the uptrend zone, it is expected that the market will have a slight retest of the trend and then continue to decline. You can consider maintaining a sell watch with USD today.
TVC:DXYShort
by TheLeader_WOLF
DXY: there will be a correction todayDXY: The USD index yesterday fell sharply, penetrating the support zone and creating a head and shoulders pattern that can be clearly observed in the H1 frame in the context of negative information focusing on the US yesterday. And the FOMC meeting somewhat supported the USD's adjustment, but not significantly. Regarding technical factors this morning, DXY tested the neckline again, so it is likely that USD will continue to decline today. Consider maintaining a short position with USD.
TVC:DXYLong
by TheLeader_WOLF
DXY moved into a narrow range but looks bullish**Monthly Chart** DXY has been moving into a long-term range between 107 and 100 levels (round numbers) from January 2023. Last month candles closed lower after creating manipulation candles on monthly. This month's candle (currently active) tested the low of the previous two months and pushed higher with the NFP announcement last Friday. This moved DXY back into a narrow range. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** Last week the DXY closed higher after testing the daily swing low and liquidity pool around 104 level. It closed as a weekly bullish key reversal (low test) candle pattern which indicates a move of the price will be bullish for next week. The next target will be around 106, followed by 107.34 levels. **Daily Chart** You can see the impact of NFP and Employment Change that created a massive bullish candle on Friday after testing the Imbalance price action (IPA) for the entire week near the previous daily low and liquidity pool. This candle is a new IPA that will need to be tested for liquidity again this week. I will be looking for a retracement towards at least 50% of this candle which will provide a second confirmation that the move for DXY will be bullish for the upcoming weeks. This is another indication to look for selling opportunities for other currencies against the USD. Such as EURUSD, AUDUSD, and GBPUSD to go short for this week.
TVC:DXYLong
by PropSignals
DXY: USD index still maintains bullish stanceDXY: The USD index yesterday received both good and bad news. Therefore, we see that the USD largely maintains a state of accumulation and adjustment. On the Daily frame, a fairly positive candlestick is formed around the 105.70 threshold. However, in today's session, DXY is at risk of a deeper correction to around the 105.50 - 106.00 area and maintains its accumulation state today. You can consider buying USD when DXY returns to the 105.5-105.6 area.
TVC:DXYLong
by TheLeader_WOLF
DXY increased in price abnormallySometimes, it’s not worth overcomplicating things. While the (negative) correlation between real yields and gold has deteriorated in recent months, after-inflation interest rates remain one of the biggest factors driving the performance of the yellow metal. With the benchmark US 10yr Treasury yield carving out a potential near-term bottom last week and rising to a two-week high today, gold accordingly topped out last week and has fallen to a two-week low. Now moving forward, the key level for bond and gold traders to watch will be the 4.31-2% level that has served as consistent support/resistance dating back to at least 2022. If yields can rally above that level, it could spur on another leg lower in gold prices. DXY is strong when it releases 1-year bond yields, but this is just a temporary move when things are not going well for US data
TVC:DXYShort
by MrTrongVo