DXY HEDGES ABOVE Dxy hedges above to make intrinsic move above ,,, and make an alignment to short gold follow for more insights , boost and comment DLongby Ak_capitalist1
Bear Bear Bear !!Death cross on ema 13 & 21 + possibly making a hidden bear divergence will likely make Dxy making lower low and it will be good for high risk asset.Shortby Kabez14
DXY FINDS ITS STAND TO BULL Dxy making a standardized move, as the buy momentum begins to sets in, and its gonna employ the Goldsman to embark on shorting gold , follow for more insights , as the next insights will be published in the comment session , boost idea , and commentLongby Ak_capitalist2
Fed Meeting Minutes: Everything You Need to KnowInvestors await the Fed’s meeting minutes tonight at 22:00 (Dubai time). The minutes are expected to indicate the Fed’s reasoning for its higher-for-longer stance on interest rates, which are currently at a 20-year high within the range of 5.25%-5.50%. Markets will also be searching for signals that may clarify when the Fed will begin rate-cutting, especially after core inflation slowed to 3.6% last week, its lowest level since 2021. Adding to the story, the pace of hiring in the US has slowed, with the economy adding only 175,000 jobs last month, raising concerns over a potential economic slowdown in the world’s biggest economy. The minutes release is anticipated to significantly impact the markets. This influence will be especially pronounced when comparing the new data with previous Fed statements. Notably, the US dollar index has declined by 1.5% since the start of May, marking its first monthly decline this year. Meanwhile, US stock indices are hovering near all-time highs. As suggested by analysts, today's developments could either bolster the ongoing stock market rally or prompt a correction. Technical point of view: the dollar index is trading in an upward trend, the level near 103.7 are considered an important support levelby CFI5
DXY DailyTVC:DXY The Dollar Index is at the lowest level of the uptrend. Let's see how you react on this important point .... If the upward trend continues at this level, it will continue and we have good upside potential, if we cannot hold this position and it falls and the upward trend is no longer valid and then we look for sell opportunites Longby rmatiasfx8
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
DXY SETUPExpecting the market to move as noted. Using SMC and price action makes it easy to understand the marketby Letsgototokyo111
Its going up to the equal highs and higher HTF levelThe dollar had a reaction from the daily order block, confirmed by SMT. The whole week was ranging and I thought that we would, still go a bit lower, but now when the range is broken up above the IFVG. I think it's ready to go up. always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-HunterUpdated 3
DXY OUTLOOKLongterm Outlook on DXY. Expecting a weak dollar towards the end of the year. This is the technical view. On the fundamental sides, the data releases from the United States has continued to weaker on every release. Also, there is expected rate cut on the interest rate. Shortby L2EarnedUpdated 5
DXY strong Aur Weak?US Dollar Techinical Analysis USD Looks to Recover LossesLongby Kashif_chaudhary4
DXY hits major resistanceDXY: The USD index this week is touching the susceptible help area round 104.60, so withinside the brief term, the USD is anticipated to get better barely today. Most of the marketplace will now no longer have lots fluctuation because of the financial institution holiday. Ace can refer to shopping for with USDShortby Chart_MasterPro2
DXY, D1DXY looking for uptrend in next following week. Now, waiting for price have retrace and go up.Longby chinghola2
Dxy Fuel is Remaining Hi friends, mates and Trading community so here i want to share my analysis on Dollar index on weekly time frame according to the my observations based on price action and trend analysis. So as we can see on provided weekly time frame that chart is improving and came out from downtrend by breaking last swing top area and closed above which is the highest weekly closing in last 23 weeks and gives a symmetrical triangle breakout too so this is quite possible that we are in the beginning phase of trend reversal so now from here as long as the price sustains above the previous top, there will be a possibility of it going up further and for this idea, I am able to see some previous resistances as targets for this idea friends. Adding a breakout retest zone too by chart snapshot-: Rest i will update accordingly whenever is needed. This idea is meant for only educational purpose this not any kind of trading or investment advice. Best Regards- Amit Namaste 🙏 “There is a time to go long, a time to go short and a time to go fishing.” - Jesse LivermoreLongby AMIT-RAJANUpdated 5540
DXY Will Go Down! Short! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.719. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 104.038 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 112
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
Levels discussed on 24th May livestream 24th May DXY: Consolidating around 105, break 105.10 to trade up to 105.50 (needs to stay above 104.80 to remain bullish) NZDUSD: Sell 0.6070 SL 20 TP 75 AUDUSD: Sell 0.6610 SL 20 TP 50 USDJPY: Buy 156.95 SL 25 TP 70-100 GBPUSD: Sell 1.2685 SL 30 TP 40 EURUSD: Buy 1.0830 SL 30 TP 60 USDCHF: Sell 0.9125 SL 30 TP 50 USDCAD: Wait for now Gold: Wait for retracement to complete, Below 2325 could trade down to 2300 by JinDao_Tai5
DXY Will Go Down! Sell! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 104.533. The above observations make me that the market will inevitably achieve 102.945 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 115
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
DXY | Market outlook The May manufacturing PMI increased from 50.0 points to 50.9 points, the services PMI – from 51.3 points to 54.8 points, and the composite PMI – from 51.3 points to 54.4 points. Overall, growth in the key economic sectors remains robust, giving US Fed officials another argument for keeping the interest rates at peak levels. In this regard, it is worth noting the latest comments by the head of the Federal Reserve Bank (FRB) of Atlanta, Raphael Bostic, who said that the regulator would have to maintain the current tight monetary policy for some more time due to significant inflationary pressures. The official noted that the share of goods whose prices were growing by 3.0–5.0% MoM or higher is now greater than it should be under normal conditions, and the labor market remains resistant to the measures taken. However, according to Bostic, a transition to reducing borrowing costs is possible but not earlier than October.Longby DCFX-TA1
DXY - Busy Week Ahead!Monday 20th: 3 Gold Folders Tuesday 21st: 5 Gold Folders, 4 Red Wednesday 22nd: 5 Gold, 5 Red Thursday 23rd: 3 Gold, 9 Red Friday 24th: 6 Gold, 2 Red Many will cry themselves to sleep as stops get triggered on both sides as this week is a HECTIC week! Long03:46by LegendSinceUpdated 3
DXY STRUCTURE Hi guys, as we look forward concerning market movements this is what we will be looking at for the coming week, stat tuned for more update, do well to like share and follow, stay safe stay sound.by Dr_Trade12
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
Bull Reversal on DXYExpecting a bullish reversal as pointed out by all technicalsLongby rejoicem76Updated 3