Huge rejection at 71%, Does signal bullish for DXy.Dxy, rejected 71% today. Dxy didnt break my trend line as well. Does this means dxy is now bullish. I will wait and see. Everything flipped today. This does signal dxy wants to go north. Let me know what you think in the comments. Longby youngneil3
Is King Dollar poised for a flush ?Possible H&S formation on the DXY. These formations do not always work out.... But interesting to watch since it would have profound implications on Crypto Assets and Prescious Metals Mining companies.... I am bullish on all the above, especially on PM since the Gold / Silver ratio recently had a major break down.Shortby Dangermousebanana3
possibility of uptrend It is expected that the index will move according to the specified paths and then the beginning of the upward trend will be formed. The confirmation of the upward trend is the breaking of the resistance trend line. If the red support zone is broken, the continuation of the downward trend is likelyLongby STPFOREX2
DXY IndexPair : DXY Index Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Demand Zoneby ForexDetective4
DXY STRUCTURE I know DXY is showing clear signs that it is ready for a buy but without these confirmations, there will be no buys I usually say I'm not here to change your trading style or belittle your trading system I'm here as your market structure analyst, do well to like share and follow.by Dr_Trade13
DXY next update..... AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion abShortby AronnoFx6
DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone . 🔔I expect the DXY Index to rise to at least the Resistance line . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Longby pejman_zwinUpdated 5547
Fascinating junction for DXYWe can see DXY has again rejected off the falling daily trendline (green), last week we formed a bear candle and have broken out below, currently printing a third bear candle in a row (daily). Even though US Data and narrative suggest higher for longer (and maybe even a hike, although I doubt that) the USD has not responded in kind. We're approaching a couple of critical areas: 1. 104.3 - intersection of the rising weekly trendline (red) 2. 104.1 - supply zone With the local trend bearish, more positivity coming out of Europe I think we could see DXY break through these barriers and ultimately retest the longer running monthly falling trendline (white). We have a negative MACD and not yet oversold (Daily). Of course, the US Economy is looking strong and the FED thinks they can afford to keep rates higher for longer, so any kind of a push up from here will see the daily fall line (green) broken and a new HH. Will this be allowed to happen? As always, I never trade DXY but it is critical to watch as dictates so many of the crosses next moves.by Finchcliffe3
DXY Index 20 May 2024DXY Index Analysis Week - 20 May 2024 Daily - Range Cloud (D) - Within Cloud Weekly - Range Cloud (W) - Above Cloud Mid Term - Range _________________________________________________________________________________ Apr/May Central Bank meeting: ECB - Neutral BOJ - Dovish FED - Neutral BOE - Bearish Vote, Neutral Fwd Guidance / Mixed RBA - Neutral / Mixed BOC - Neutral (Refer USD for Direction) _________________________________________________________________________________ Comments Staying neutral while waiting for new price development _________________________________________________________________________________ Risk Disclaimer All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice. This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further. The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself. Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day. by TY-TradingUpdated 4
USD come back strongerI have 2 alternative movement for DXY. Looking for bullish an impulsive move upwards.Longby ewtradersbhUpdated 112
DXY: an indicator to forecast Bitcoin’s directionJust like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is gaining strength or value when compared to other assets and currencies. So, people/traders tend to hold the U.S. dollar instead of, say, Bitcoin. And when DXY goes down, that means the U.S. dollar is depreciating in value, so people/traders tend to hold other assets like Bitcoin or Gold.by SaeedSalehiniaUpdated 3
USD INDEX IS BULLISH Doing a technical analysis and using fundamental analysis I'm predicting a bullish move for USD index. Analyzing major pairs like EURUSD, I see EUR wearing against USD.Longby LyrebirdCapital3
USD INDEX FOR BULLISH Im looking for this structure to continue bullish movement . Invalidation level as my last anchor. So all pair xxxusd possible to drop .If red line broken this setup will be invalid. Please do your own research too and feel free to put your comment to share your idea. ThanksLongby ewtradersbhUpdated 3
DXYThe dollar price looks bullish on the daily timeframe, moving within a symmetrical triangle and ascending channel, and following the Elliott Wave 12345 pattern. Currently, the price is at a resistance-turned-support level; waiting for a bullish rejection here could signal an upward move. This would positively impact XXXUSD pairs and negatively affect USDXXX pairs.Longby forex_info2
DXY, D1DXY looking for uptrend in next following week. Now, waiting for price have retrace and go up.Longby chinghola2
Market structure of DXY on 4-hour time frame4H is swing bullish => current is pullback dow The current price touches the demand zone block We will buy when the 15-minute frame shows a reversal of the CHOCH signalby quangcttnUpdated 9
DOLLAR INDEX IDEA - My idea for DXY. We failed to break the high on our previous approach. Hopefully, we can get that this time around. I am starting to update new ideas daily. please follow and comment for more. The idea involves the US dollar (USD) undergoing a temporary decline 📉 after initially capturing liquidity, then stabilizing and returning to a demand zone 📈. First, a liquidity grab 💧 occurs when the dollar sharply appreciates, often triggered by major market participants hitting stop-loss orders. This rapid rise captures liquidity and induces traders to enter positions based on perceived trends. Following this, the USD might experience a pullback or decline 📉 as the market corrects itself. This phase can be driven by profit-taking, shifts in trader sentiment, or changes in economic data or monetary policy expectations 📊. Finally, the USD finds support and stabilizes in a demand zone 🛒, an area where buying interest is strong enough to prevent further decline. This stabilization is supported by favorable economic indicators 📊, geopolitical stability 🌍, or signals from the Federal Reserve 💪. Understanding this pattern helps traders anticipate reversals 🔄 and strategically time entries or exits, manage risk effectively, and gain insights into market sentiment and the health of the USD 💲. Recognizing these phases enables better navigation of currency movements and optimization of trading strategies 📈.** For education only**by Ninja_Snipes_fxUpdated 3
Levels discussed on 29th May livestream29th May DXY: Weakness. Break below 104.50 could trade down to 104 support, (hesitate at 104.20) NZDUSD: Buy 0.6150 SL 20 TP 35 AUDUSD: Buy 0.6680 SL 20 TP 45 USDJPY: Buy 156.80 SL 30 TP 60 GBPUSD: Buy 1.2770 SL 30 TP 50 EURUSD: Buy 1.0865 SL 25 TP 30 USDCHF: Buy 0.9160 SL 30 TP 65 USDCAD: Buy 1.3665 SL 30 TP 60 Gold: If price breaks 2345 could head lower to 2330by JinDao_Tai3
Potential gartley pattern DXY Dxy currently expanding into the 4th leg of the macro bearish Elliot wave Looking for distro within the green lines then retrace down for the last drop down to the 5th leg Elliot wave combined with harmonics perspective Dxy expansion means Usdxxx pairs are bullish Xxxusd pairs are bearish (yes that includes crypto ;) Then once dxy makes the lower high it will start to retrace meaning Usdxxx pairs will be bearish Xxxusd pairs will be bullish ( and yes that means crypto :)by Onlypips4x2
DXY nearing key rising channel trend lineIntraday Update: The DXY rising trend line comes in at 104.20, it is key channel support for bulls near term. Longby ForexAnalytixPipczar2
$DXYgoing back down to test that pesky support then 3rd attempt at losing the 200 ema IF we go back above yellow line then supply zone above will slap it back down imo Shortby CompoundingGain2
Dollar Index: Price Action Favouring Bears The US dollar is poised to end the month lower against a basket of six major currencies. According to the US Dollar Index, the greenback is down -1.5% in May and on track to snap a four-month winning streak. Technically speaking, the monthly timeframe presents little to work with this week (well, anything within touching distance that is). The 107.35 October 2023 peak remains a possible resistance, shadowed closely by another resistance level at 109.33 and a 100% projection ratio at 108.48. Below, support is at 99.67, accompanied by a 50-month simple moving average (SMA) at 99.53 and a moderate Fibonacci cluster from 98.72. 200-Day SMA Offers Logical Downside Target Meanwhile, on the daily timeframe, Friday finished considerably lower after bumping heads with resistance at 105.04 and the 50-day SMA at 104.98. With the scope to explore deeper waters from here on the monthly scale, the 200-day SMA calls for attention as a logical downside support target of around 104.39. A break south of here unearths 103.62 support. Further supporting bearish flow is the inability of the Relative Strength Index (RSI) to find acceptance north of the 50.00 centreline last week (though it is worth bearing in mind that the RSI has maintained a position above the 50.00 centreline since 2022 on the monthly chart). Looking ahead, the daily chart shows early signs of a downtrend (series of lower lows and lower highs), with Friday's reaction to the underside of resistance suggesting that dollar bears may maintain control, at least until the 200-day SMA. This dynamic value will be a crucial test for bears, considering the previous reaction observed in mid-May. Short-term action on the H1 chart concluded the week sandwiched between ascending support, extended from the low of 104.39, and trendline support-turned potential resistance, drawn from the low of 104.08. Overhead, resistance calls for attention at 104.84 and 105.04 (daily resistance); lower, eyes might be drawn toward a moderate Fibonacci cluster from 104.47, plotted just north of the 200-day SMA. This Week’s Direction? Coupled with the monthly chart displaying limited support and Friday acknowledging daily resistance around 105.04 (accompanied by the current downtrend and the RSI shaking hands with the lower side of 50.00), this is a sellers’ market for the time being and price action on the H1 timeframe could defend the underside of the breached trendline support and push through H1 ascending support in the direction of the Fibonacci cluster at 104.47. However, were current trendline resistance to cede ground, H1 resistance at 104.80 could be the next port of call for sellers this week. Shortby FPMarketsUpdated 5
Bull Reversal on DXYExpecting a bullish reversal as pointed out by all technicalsLongby rejoicem76Updated 3