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USD (US Dollar)

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! 🚀
TVC:DXY
by KevinNguyen-SimpleTrade
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BSE:SENSEXEducation
by SkyTradingZone
02 Jan 25 -  Direct stance change from bearish to bullish--- Nifty Stance Bullish ⬆ In the last post mortem report, I did indicate the change of stance if Nifty goes above 24177. Nifty has a close of 24188 (weighted average) and 24167 (traded value) - so I cannot say with a 100% guarantee if we got a real close above 24177 or not. The 445 pts ~ 1.88% move today gives nifty a direct stance change from bearish to bullish (no neutral stance). We are up 409pts ~ 1.72% of which 445pts came today, which also means that the stance was bearish till the 2nd of Jan 2025. What happened today is beyond comprehension, I am almost sure that none of the traders were ready for the move like this. Nifty has moved 728pts intra week of which 445pts came today. The USDINR chart is also relevant here, especially the mega move once we got a governor change. I think this is an inflection point and a weakening rupee (no firefighting by the RBI) is good for inflows.  Returning to the Nifty report, a fall below 23931 will shift my stance back to bearish so it is pretty important that Nifty holds the level today. If we continue to go up the crucial resistance levels would be 24348 and 24547. I hope we do not go above 24650 for the current expiry. --- The change in regulations is hitting professional traders more than the entry level retail ones. SEBI's new set of rules was implemented to turn off the small traders and since most of them do the options buying, the impact is not that much. The professional traders on the other hand are really going crazy as the new margin requirements are not at all helping. When you take out the professional traders from the equation, they would prefer to trade on forex, crypto or the US options than the Indian counterpart. It is just a matter of time before we see the intellectual migration to the mother market. The whine and the roar on X is proof that influencers have started talking about alternate trading options. Personally, I feel if most of them get access to a stable market - they would not hesitate to migrate.
NSE:NIFTYLong
by viswaram
USDINR - 100+ ???One side $ is rising despite of de dollarization efforts. India and RBI has been supporting and buying $ every month as per RBI data when chit chatting with russia for new currency one side and INR trades on another side. Its like put right indicator and show left hand and go straight without turning right or left !!! RBI who refused to reduce interest rate for the sake of Inflation do not talk about USDINR increase.... its commonsense if usdinr fall crude imports becomes costlier and resulting in price rise. while speaking harsh on one side RBI do not have any other option other than this to attract FIIs back to markets. Right now RBI is trying to support the N & BN Bulls.
Long
by venkatfx
USDINR - 100+ ???One side $ is rising despite of de dollarization efforts. India and RBI has been supporting and buying $ every month as per RBI data when chit chatting with russia for new currency one side and INR trades on another side. Its like put right indicator and show left hand and go straight without turning right or left !!! RBI who refused to reduce interest rate for the sake of Inflation do not talk about USDINR increase.... its commonsense if usdinr fall crude imports becomes costlier and resulting in price rise. while speaking harsh on one side RBI do not have any other option other than this to attract FIIs back to markets. Right now RBI is trying to support the N & BN Bulls.
Long
by venkatfx
USDINR By KRS ChartsDate: 3rd July 2024 Time: 7:40 PM Why USDINR? 1. Everyone know INR is getting weaker against USD day by day, and same thing happened here since Oct 2022 but inside Rising Wedge Pattern in Weekly TF. 2. In Bigger view This Rising Wedge Pattern has formed around resistance line off Bigger Flag in Monthly TF. (Red Doted Line) 3. This pattern can either Breakout or Breakdown any side but after considering above both points its likely to Breakdown rather than Breakout till green dotted support line. Currencies movements are on many Factors so Thats my view on USDINR is Slightly more bearish than Bullish. But I will appreciate your views on this too, what you guys are thinking?
Short
by KRSCharts
4
USDMXN - Ready to Blast Again ? Last week, I took long position in UDMXN at 16.66000 & Closed at 16.92500 Closed that position in more that $5000 profit in just 2-3 days. My long setup is formed again in USDMXN Taking long positions here at CMP 16.67000 My SL would be 16.62000 Target I'm expecting is 17.00000 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!
Long
by akshit_official