U.S. Dollar IndexUpdated Focus on USD and gold: DXY bearish signal and market dynamics
🔍 Technical Observations
On the H4 timeframe, the Head and Shoulders pattern on DXY has completed, signaling a potential strong reversal.
Recent Decline: DXY has dropped sharply to the nearest Fair Value Gap (FVG) zone at 107.2xx - 107.5xx, where price reacted significantly.
Correlation with Gold: Gold returned to its all-time high zone last week and reacted with a pullback of nearly 20 points, demonstrating the inverse relationship between the two assets.
📊 Technical Analysis
DXY:
Support at FVG Zone: Following a sharp rally fueled by FOMO over Trump’s election victory, DXY reached a high liquidity void and has since reversed.
Head and Shoulders Pattern: The failure to break the nearest resistance level on H4 triggered a significant sell-off.
Gold:
Correction After Rally: Gold appears to have completed its bullish wave at a critical resistance zone, indicating a potential start of a corrective phase.
💡 Key Factors Impacting DXY
Monetary Policy:
Decisions by the Federal Reserve (Fed) on interest rates continue to have a major influence on DXY.
If the Fed signals a dovish stance, further pressure on DXY is expected.
Economic Data:
Indicators such as unemployment rates, GDP growth, and inflation will shape investor expectations for USD strength.
Weak data may contribute to a downward trend in DXY.
Political Climate:
Trump’s election victory initially created FOMO-driven momentum. However, upcoming trade and fiscal policies could significantly shift the market direction.
🔮 Outlook for the Coming Week
Based on recent developments:
Technical Trends: DXY remains in a corrective downtrend, with further downside likely unless key resistance levels on H4 are breached.
Market Sentiment:
Weak economic data or dovish Fed signals may add downward pressure.
Positive surprises from economic or political factors could lead to a swift reversal.
📢 Share Your Thoughts!
How do you think DXY and gold will perform in the coming week?
👉 Follow KevinNguyen-SimpleTrade for more insights, strategies, and updates! 🚀
On the H4 timeframe, the Head and Shoulders pattern on DXY has completed, signaling a potential strong reversal.
Recent Decline: DXY has dropped sharply to the nearest Fair Value Gap (FVG) zone at 107.2xx - 107.5xx, where price reacted significantly.
Correlation with Gold: Gold returned to its all-time high zone last week and reacted with a pullback of nearly 20 points, demonstrating the inverse relationship between the two assets.
📊 Technical Analysis
DXY:
Support at FVG Zone: Following a sharp rally fueled by FOMO over Trump’s election victory, DXY reached a high liquidity void and has since reversed.
Head and Shoulders Pattern: The failure to break the nearest resistance level on H4 triggered a significant sell-off.
Gold:
Correction After Rally: Gold appears to have completed its bullish wave at a critical resistance zone, indicating a potential start of a corrective phase.
💡 Key Factors Impacting DXY
Monetary Policy:
Decisions by the Federal Reserve (Fed) on interest rates continue to have a major influence on DXY.
If the Fed signals a dovish stance, further pressure on DXY is expected.
Economic Data:
Indicators such as unemployment rates, GDP growth, and inflation will shape investor expectations for USD strength.
Weak data may contribute to a downward trend in DXY.
Political Climate:
Trump’s election victory initially created FOMO-driven momentum. However, upcoming trade and fiscal policies could significantly shift the market direction.
🔮 Outlook for the Coming Week
Based on recent developments:
Technical Trends: DXY remains in a corrective downtrend, with further downside likely unless key resistance levels on H4 are breached.
Market Sentiment:
Weak economic data or dovish Fed signals may add downward pressure.
Positive surprises from economic or political factors could lead to a swift reversal.
📢 Share Your Thoughts!
How do you think DXY and gold will perform in the coming week?
👉 Follow KevinNguyen-SimpleTrade for more insights, strategies, and updates! 🚀
Trade active
🚀 BIG WIN 150 PIPS: A Perfect Start to the Week with SIMPLE TRADE! 🎯
💡 Just as predicted yesterday:
✅ The DXY bounced strongly from the FVG support zone (Fair Value Gap) after a sharp correction, triggering a significant GAP drop in gold during Monday's market open.
📈 Following the rebound, DXY stabilized and entered an accumulation phase, signaling the potential for a stronger upward continuation. This perfect confluence between gold and DXY created an exceptional trading opportunity that delivered 150 pips profit on our gold trade!
🎉 This is what we call a powerful start to the week! A massive win for those who followed the analysis and plan, proving once again that precision and preparation are the keys to success.
📊 What’s Next?
👉 The alignment between DXY and gold continues to offer opportunities. Stay tuned as the market evolves—we’re just getting started!
📢 Don’t Miss Out on the Next Big Win!
👉 Follow KevinNguyen-SimpleTrade now for top-tier market insights and actionable trading strategies.
👉 Join the community of successful traders and let’s conquer the markets together! 🚀
👉 Comment below to share your results or ask any questions!
Your journey to consistent success starts here—let’s make it happen! 💰
👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.