Dollar Index - Sweet SpotDollar Index has reached Sweet spot to start turning for a wave UP. COT reports are Bullish. Let the Daily momentum turn UP for a Buying Opportunity.
DXY trade ideas
DXY potential mark up phase 15 min cycle (Wed-Fri)DXY is dropping for 1 week now and completed 3 levels to the upside. Importantly its aligned with XAUCAD , EURUSD, NZDUSD for mark down cycle. We are also getting good volume to the downside and divergences
Inverse 🥶If Dxy sustain on 103 ( marked in the chart) then a upside momentum to (110 feb 2024)--(115 sep 2024) is possible, which could impact the US stock market and in some cases Indian market too .
Disclaimer :
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
DXY FORMED BULLISH SHARK PATTERN DXY FORMED BULLISH SHARK AND ALSO BOUNCING FROM LOCOL SUPPORT, SO WE CAN EXCEPECT it will retest 105 zone and go downwards.
note : macro data can change scenario.
The USD decreased later, but will recover after the Fed raises iData released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion.
The decline in the DXY index paused last week. Last week, this index sometimes fell to its lowest level and has rebounded from that mark. Although developments over the past week are bringing some positive signs for the USD, in the long term, the greenback's upward momentum is still weak. Therefore, any recovery in the near term will be short-lived and it is likely that the USD can only rise to a certain threshold.
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
DXY fell sharply after weak US economic dataWeak economic data, along with CPI and PPI data released earlier this week, reinforced the view that the Fed's rate hike cycle is over. This has strongly affected US government bond yields and caused the 10-year government bond yield to fall below 4.45%, approaching the lowest level since the end of September.
With the market expecting the Fed to gradually loosen monetary policy, gold prices may maintain an upward trend in the short term. This scenario will be confirmed if US economic data continues to weaken.
DOLLAR INDEX --BEARISH?As Per daily Price Action Dollar Index Broke Lower Side Range 105 level and Sustain Below and Also Price Cross below 50 Ema And RSI Also Cross Below 40 Which Is not Good Sign For Index . We Can See Further Down move In Dollar Index.
Wait For Decent bounce In 1 hour Time Frame It Could Be Good Lower Side positional trade ..
Stop loss :- Above 106 Level
Target:- 104.193
Please consult your financial advisor before investing
All research is for educational purposes only.
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
DXY: DXY technical analysis todayThe three major US stock indices continued to eke out small gains while bonds
rebounded from Monday’s corrective move lower, pushing yields down again.
Several Fed speaks turned out hawkish still despite last week’s dovish pause
and data weakness seen in the labour and services sectors. Fed Logan said
inflation still remains too high. Fed Waller said the spike in yields was an
“earthquake” for the bond market, while Fed Bowman said it was too soon for
policy makers to know the full effects of the recent rise. Earlier in European
and Asian sessions, stocks ended in the red as weaker than expected China
exports stoke fear growth in the economic giant is cooling much more than
expected. Futures are pointing to mixed openings in the Asia markets today.
• Global bonds rebounded and drove yields lower again by and large. The UST
curve shifted lower by 2-9bps across the curve led by the long ends, bull
flattening the curve. 10Y European bond yields also fell about 8-10bps with
the German bunds losing 8bps to 2.66% while the UK gilts shed 10bps to
4.27%
us dollar buy target 106 above 104.733TVC:DXY currently at buy zone, can go upto 106 if sustains above 104.733 level
DXY: Market trends todayToday DXY D1 chart stochastic is still falling sharply and the histogram is growing almost at 0, the weekly stochastic is also falling sharply and the histogram is also getting shorter so it is likely that DXY will only return to test the bottom and will continue to decline.
DXY ANALYSISDXY was overall bullish but recently it has broken it's last higher low indicating a change of character and a change on trend so we can plan short trades after retracement
DXY: The trend I predict todayLast week, the DXY Index fell below the 106 mark, then continued to fall to the 105.50-105 range. In the short term, the risk of a trend reversal will only appear if the DXY index slips below 105. The decline is driven by the Fed's dovish stance and that will likely cause the greenback to decline. at least for a short while.
Dollar Index In TroubleBig Blow To DXY
Weekly Close Below 105.95 Trouble Will Arise.
SL - 107.35
Stay Cautious With US Market.
DXY : Today it is likely to recover slightly and continue to dec DXY today is likely to recover slightly and continue to decline, currently DXY is still in the bearish channel and today the news may be bad for DXY because non-agricultural employment is forecast to be bad so the possibility of a decrease in DXY is huge
USD is the only link between Bullish Markets and Bullish RallyIn this video we discuss how Dollar affects our Indices and how we can trade the markets accordingly with its help.
DXY formed a downtrendThe DXY chart on the 1D frame formed a bullish leaf, but yesterday DXY had a false breakout, so it is likely that today DXY will tend to decrease, tomorrow there will be news of Non-Farm Employment Change, if the news is bad, DXY may dropped to 104.28, on the 1D chart stochastic is in the overbought area and is trending down, RSI is also trending down. On the H4 chart, stochastic is falling very strongly and so is RSI, so it is likely that DXY today will fall in the range of 106.12 - 105.68 and 105.68 also coincides with the 200 EMA, tomorrow there is news that DXY may fall to 104.28.
DXY : is likely to decrease slightly and recover today. Yesterday DXY fell quite strongly and today the 1D DXY frame is likely to fall forming a head and shoulders pattern, on the daily chart the histogram has begun to gradually decrease and the stochastic has left the overbought area and is showing a downward trend, at The H4 stochastic chart is below the oversold area and the histogram has a negative value, so DXY is likely to decrease slightly and recover today.
Crazy times aheadLooks like the consolidation over for DXY and its ready to fly "Higher for Longer"
Some may call it a flag pattern breakout.
Momentum Oscillator also after retracing back to 77-80 is rising again.
Super move ahead!
Equities, commodities are in for a roller-coaster ride.
Saavdhan Rahein Surakshit Rahein
DXY SETUPDXY i.e dollar index is overall bullish . it is currently consolidating around the golden zone.
we can either plan a long now with bullish confirmation or wait for it break the consolidation to the upside for buy.
other possibility is that it break it's previous higher low on 1 hr then we can plan a short trade.
