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DXY

DXY PARABOLIC SETUP Update- DXY is currently trading at 107.4 - DXY has made a lot of USD-denominated pairs bleed and they are still getting slaughtered - DXY is currently at a point where there's a lot of limit sell stops above the buy side liquidity - Once the orders are consumed we might see another round of Impulse up to the marked displacement of 110-111$ - DXY pumping along with the Equity market, Crypto isn't a good sign there's a negative smart money divergence laying that's trapping and sucking liquidity from retail suckers. - Sit at the sidelines and keep locking in gains until you see DXY flipping its structure to bearish - Retail pattern traders might get flushed when they call this a double bottom.
TVC:DXYShort
by VKtradesimbalance
Dollar Looks Vulnerable : Here’s My Take on What’s Coming Next!Price has recently taken out an Old High and has now reached an Imbalanced price range, which is more evident on the Weekly Timeframe. This move has presented buyside liquidity for sellers by taking out the Old High and simultaneously offered fair value by entering into an imbalanced price range (FVG / SIBI - 1W Timeframe). From here, price may now head lower towards the Draw on Liquidity, with Sellside Liquidity as the next objective, as shown in the chart. This is how I see it, though I’d advise you to do your own analysis.
TVC:DXYShort
by Vulnerable_human_x
Gold-> Buyer Back Yet?After suffering significant losses last week, gold has regained its recovery momentum and is trading positively above $2,600 on Monday. The fundamental backdrop supports this recovery. Key resistance levels at $2,518 and $2,628 now divide the market into two distinct zones. Meanwhile, market participants are awaiting moves from several Fed officials this week to gain further insights into the U.S. interest rate trajectory. The most likely scenario at the moment is a slight recovery in gold prices following the recent steep sell-off, with expectations for gold to climb higher after several reversals in the USD. In the medium term, bulls need to reassess U.S. policy planning in December, as the Fed is expected to hold rates steady in January. This has not been fully priced into the market, so any adjustments could pose challenges for gold. Technically, since the market opened, prices have climbed considerably, increasing the likelihood of resistance capping further upward movement. A false breakout at $2,589 and subsequent consolidation below this zone would strengthen selling pressure. However, there is potential for a retest of $2,618 (Order Block). Similarly, a failed breakout could trigger selling momentum. But if the fundamentals align strongly in favor of gold, the market may have a chance to shift the local trend from the $2,618 zone.
OANDA:XAUUSDShort
by Bo-Samson
GBPUSDFX:GBPUSD Back to the liquidity test above after the free fall. The pair lacks bullish conviction amid a stable US dollar and as investors choose to wait for the Bank of England (BoE) Monetary Policy Report Hearing before placing strong bets. A clear bearish wave is forming on the larger timeframe, on the smaller timeframe the downtrend is formed based on negative fundamentals, which only strengthened after Trump's victory. Therefore, any strong resistance can easily hold the market. On H4, it is trying to break out of the main range, breaking the main support level. A consolidation is forming inside the channel, if sellers hold the 1.269 - 1.277 zone, we can expect a decline towards the areas of interest in the medium term. Resistance: 1.282 - 1.277 and 1.269 Support: 1.259 - 1.247 and 1.231 The focus is on the resistance level mentioned above, as the further struggle and movement of the market depends on this important zone at this point. The bearish structure will be broken when the local high at 1.282 i.e. (0.5 fib) is broken and the price consolidates above this zone.
Short
by Bo-Samson
Update latest gold price today !Hello everyone! Gold has been in a steady decline since the start of the week, currently sitting at 2561, with strong indications that this downtrend may persist. The key 2550 level is still fiercely contested, keeping traders on edge. The market remains clouded with apprehension, especially with recent developments in the U.S. following Donald Trump's election as president. This lingering uncertainty may continue to weigh heavily on gold. At the moment, all attention is focused on the upcoming October Producer Price Index (PPI) report in the U.S. Analysts are forecasting a year-over-year increase of 2.3% for October, a notable jump from September's 1.8%. If both the CPI and PPI show further inflationary pressure, the Federal Reserve could be pushed to raise interest rates, which could apply even more pressure on gold prices. A stronger U.S. dollar would make gold trading and holding costs more expensive, potentially intensifying the sell-off. Technically speaking, the battle at 2550 is far from over, and there’s a strong likelihood of a brief pullback before continuing the downward trend. This could mean a possible retest of the 2600-2580 resistance zone before resuming its decline. Chart patterns suggest that if the correction unfolds as anticipated—possibly in line with an Elliott wave impulse—the target could be around 2485, a drop of over 1000 pips from the resistance level. Stay tuned for more developments as this situation unfolds!
OANDA:XAUUSDShort
by Bo-Samson
2
Gold -> How Long Will the Adjustment Last? Emphasis on $2,600Hello, dear friends! Gold (XAU/USD) extended its recovery early this week, reaching the critical $2,600 mark and ending a six-day losing streak after a false breakout and a retest of $2,546. This rally has been fueled by escalating geopolitical tensions as the U.S. authorized Ukraine to use long-range weapons to strike Russia. However, the market remains under significant pressure. The USD and bond yields continue to rise, while the Federal Reserve maintains a hawkish stance. Economic struggles in Europe are weakening the euro, driving demand for the USD and further weighing on gold. This week, the gold market is expected to remain subdued with limited major economic data releases. Key areas to watch include U.S. housing data, the University of Michigan Consumer Sentiment Index, and comments from Federal Reserve officials. Gold is currently testing the critical resistance zone at $2,600–$2,589. A false breakout here could trigger strong selling, reinforcing bearish momentum. Conversely, a modest pullback followed by a decline to $2,546 would solidify a clearer downtrend. Keep a close watch!
OANDA:XAUUSDShort
by Bo-Samson
DXY Ready to Soar?📈 DXY Analysis & Forecast (US Dollar Index) 🚀 Current Structure: The DXY appears to be in the middle of an impulsive wave sequence based on Elliott Wave theory, currently moving within the 4th wave correction phase. The overall structure shows a clear upward trend, supported by a rising trendline that has consistently held as support. We can observe a potential breakout setup, with a contracting triangle pattern indicating a breakout to the upside. Key Technical Points: Wave Count Analysis: 🌀 Wave (1) initiated a strong bullish move after breaking out of the downward channel. 🔄 Wave (2) saw a retracement, respecting the previous resistance level that turned into support. 🚀 Wave (3) was an impulsive rally, taking the DXY to new highs and confirming bullish momentum. 📉 Wave (4) is forming a consolidation, resembling a bullish pennant pattern, indicating a continuation of the uptrend. Key Support & Resistance Levels: Support: The price is currently holding above the key support zone at 106.20, which aligns with the trendline. Resistance: The next target for the bulls would be the previous swing high at 107.40, which is the completion zone for Wave (5). Indicators & Patterns: 📊 The ascending trendline continues to support the bullish bias. 🔼 A breakout above the 106.80 - 107.00 range could trigger a push towards the 107.40 level. ⚡ Watch for potential fake-outs; a break below 106.20 may invalidate the bullish scenario. 📅 Forecast: The DXY is poised for an upward move as long as the 106.20 support holds. If the breakout above 106.80 is confirmed, we could see the DXY reaching the 107.40 mark, completing the 5th wave of the current bullish cycle. A decisive close above 107.40 might lead to further gains, potentially aiming for the 108.00 level. 📊 What are your thoughts on this setup? Are you bullish on the DXY? Drop yourcomment below! 👇 🔗 Follow for more Forex updates and daily trading insights! #DXYAnalysis #ForexSignals #ElliottWave #DollarIndex #ForexTrading #TechnicalAnalysis #USD #ForexCommunity #TradingForecast #MarketUpdate
TVC:DXY
by forexorbit
US DOLLAR INDEX - TRADE IDEA ON SHORT SIDESymbol - DXY DXY is currently trading at 105.57 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 105.57 I will add more position if 106.00 comes & will hold with SL 106.30 Targets I'm expecting are 104.75 - 104.30 - 103.73 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TVC:DXYShort
by akshit_official
DXY - TRADE OPPORTUNITY ON SHORT SIDESymbol - DXY DXY is currently trading at 104.72 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 104.72 I will add more position if 104.45 comes & will hold with SL 104.75 Targets I'm expecting are 103.25 - 102.75 - 102.15 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TVC:DXYShort
by akshit_official
DXY Analysis: Bearish Trend Signals Potential Drop📊 DXY Analysis (2H Chart) 🧐 The U.S. Dollar Index is currently in a consolidation phase around the 104.50 level after a sharp drop from the recent highs. Let’s break down what the technicals are signaling: 1. Bearish Structure 📉: • The index has been trading within a descending channel, which indicates a prevailing bearish trend. • A significant Cross Doji candle at the top hints at a potential reversal, followed by strong bearish momentum. 2. Key Levels to Watch 🔍: • Resistance Zone: The DXY is consolidating below the 104.60 level, which is acting as a key resistance. Multiple rejections around this area could signify strong selling pressure. • Support Zone: The next major support lies around the 103.60 level, aligning with the lower boundary of the channel. 3. EMA Dynamic Resistance 💡: • The 50-period EMA (green line) is currently acting as a dynamic resistance. A sustained move below this EMA can add further downside pressure. 4. Potential Scenario 🔮: • If the DXY fails to break above the 104.60 resistance, we could see a drop towards the 104.00 level initially. • A break below the 104.00 support might accelerate the move toward the 103.60 zone, completing the bearish leg. 📉 Bearish Outlook: Unless we see a breakout above the consolidation zone and a close above the descending channel, the bias remains bearish for the DXY in the short term. 🔗 Follow for more daily updates on forex market analysis! #DXY #DollarIndex #ForexAnalysis #TechnicalAnalysis #USD #TradingSignals #ForexTrading #ForexTrader #PriceAction #TradingStrategy #ForexMarket #USDIndex #CurrencyTrading #MarketAnalysis #TradingView #ForexLife #FinancialMarkets #DayTrading #SwingTrading #ForexCommunity #TraderLife #ChartAnalysis #TradingPsychology #Investing #ForexTips #TradingSetups
TVC:DXY
by forexorbit
DXY gearing up for a big fallDate: 30 Oct’24 Symbol: DXY Timeframe: Weekly US Dollar Currency Index currently seems to be in final stages of Wave (e) of B. One more leg up and DXY will be ready to head lower sharply and in a big way. It is likely to head towards 90 and lower. This also means with DXY treading lower, Nifty is likely to witness an up move. This is not a trade recommendation. Please do your own analysis. US Dollar Currency Index vartamaan mein Wave B (e) ke antim charan mein lagta hai. Ek aur pair upar aur DXY teji se aur bade paimaane par neeche jaane ke lie taiyaar hoga. Iske 90 aur usase kam kee or badhane kee sambhaavana hai. Iska matalab yah bhee hai ki DXY ke nichale star par chalane se Nifty mein teji dekhne ko mil sakti hai. Yah koi trade karne ki salah nahin hai. Kripya apana vishleshan khud karen.
TVC:DXYShort
by DhandhaPaani
1
Gold : on Hold from last week ..What next?Last week gold printed a indecisive candle on weekly time frame ..the current price action formation is a tringle and price will remain indecisive under this formation ..For Intra day we have to wait for breakout (on confirmation) and then we can trade in direction of breakout...Last week we have seen a good bullish candle on DXY , and we have seen that gold remained under pressure due to that ...For this week also we can expect more higher level on DXY which can push the gold price in lower side ...In lower side we can plan buy trade near weekly S1 (2626) or at weekly S2 (2600 area). (Overall it's a buy the Dip scenario on Higher TF )
FX:XAUUSDShort
by TheGoldenCircle
"Update on the upcoming before the Fed - interest rate cutsMany people have asked me about my view on how the Fed's interest rate cuts will impact the market. I have a few thoughts on this, but please note that these are just my personal opinions and should not be considered as trading recommendations! In the chart, I’m displaying two lines: - Red: Federal Funds Rate - Blue: Unemployment Rate If you look back at history, each time the Fed cuts rates, it typically coincides with economic troubles, although the signs may not be immediately apparent in the early stages. Initially, Powell’s objective was to combat inflation and achieve a soft landing, but in his most recent speeches, the focus has shifted to stabilizing the economy. This indicates a change in the Fed's assessment of the economic situation, which concerns me as it suggests that we could be heading towards a recession. History supports this perspective, as the unemployment rate is one of the clearest indicators of recession. Other accompanying metrics, such as GDP, also matter, but during this period, the CPI holds less value for assessing the economic landscape. In my opinion, it’s just a matter of when the recession will occur. We’ll need to wait for a few key indicators over the next two to three months. This article is meant for everyone to evaluate the current economic situation. The next article will update on asset classes like Gold, BTC, and stocks, and how they might perform during a recession." Let me know if you need further assistance!
TVC:DXYShort
by Finn_Rm3x
DXY 1 D - ANALYSIS 10 AUG 2024 Definition: Explain what the DXY (US Dollar Index) is and how it measures the value of the US dollar against a basket of major foreign currencies. Importance: Highlight why the DXY is a crucial indicator for forex traders, investors, and economists. 2. Market Analysis Current Trends: Present recent trends in the DXY, including historical data and recent movements. Technical Analysis: Use charts and technical indicators to analyze patterns that suggest a potential decline in the DXY. Include tools like moving averages, RSI, MACD, and support/resistance levels. 3. Economic Indicators Impact of Economic Data: Discuss how economic data (like GDP growth, employment figures, and inflation rates) affects the DXY. Federal Reserve Policies: Explain how interest rate changes and monetary policy from the Federal Reserve influence the DXY. 4. Global Factors Geopolitical Events: Examine how global geopolitical events, such as trade wars, political instability, or international conflicts, can impact the DXY. Comparative Currencies: Compare the US dollar’s performance with other major currencies like the Euro, Yen, or Pound. 5. Risk Management Risk Factors: Outline potential risks involved in selling the DXY, including unexpected economic announcements or geopolitical events. Strategies: Offer strategies for managing risk when betting against the DXY, such as setting stop-loss orders and diversifying investments. 6. Case Studies Historical Examples: Provide case studies or historical examples where selling the DXY proved profitable or unprofitable. Analyze these cases to offer insights into current market conditions. 7. Expert Opinions Interviews: Feature insights from financial analysts, economists, or trading experts who can provide professional opinions on the DXY’s future. Market Sentiment: Summarize current market sentiment and how it aligns with or contrasts against your position on selling the DXY. 8. Actionable Insights Investment Strategies: Suggest specific trading strategies for those interested in selling the DXY, such as short selling, options trading, or futures contracts. Tools and Resources: Recommend tools, platforms, or resources that traders can use to track DXY movements and execute trades. 9. Conclusion Summary: Recap the key points discussed and reinforce why selling the DXY could be a profitable strategy. Charts and Graphs: Use visual aids to illustrate trends, technical analyses, and economic impacts. Infographics: Create infographics to simplify complex information and make it more accessible. Videos/Webinars: Host video analyses or webinars to provide a dynamic and engaging way to discuss DXY selling strategies.
TVC:DXY
by Greenfireforex
Technical Analysis Update: DXY & Bitcoin Price Correlation Technical Analysis Update: DXY & Bitcoin Price Correlation DXY Overview: The US Dollar Index (DXY) is currently trading at a pivotal support level of $105. This level is crucial as it has played a major role in dictating the next moves for Bitcoin. Bitcoin Price Implications: If DXY Bounces: Should the DXY rebound from the $105 support level, we might see a bearish impact on Bitcoin, potentially driving BTC prices down towards the $50,000 mark. If DXY Breaks Down: Conversely, if the DXY fails to hold this support and breaks below $105, it could signal a bullish scenario for Bitcoin, with price targets possibly reaching up to $75,000. What to Watch: Traders should keep a close eye on the DXY's behavior at the $105 support. A confirmed bounce or breakdown will be pivotal in setting the next direction for BTC prices. Action Steps: - Monitor DXY closely for any signs of reversal or continuation patterns at the support level. - Prepare for potential volatility in BTC prices in response to DXY movements. Stay Tuned: Follow for more updates.
TVC:DXYLong
by CryptoPatel