Get started

Dollarindex

DXY forecast on Weekly time frameIn the end, the reins of all markets are in the hands of the great devil "dollar". We must check the dollar index for this analysis of all markets so that we can understand where the market maker wants to take us. In my personal opinion, the recent drop in the dollar index is only fuel for the big pump, which will eventually fall into the hands of this cunning devil. I am checking for the exact area to finish this refueling and start moving but In the long term, I am certain that the dollar index will cross 115. "Not financial advice"
TVC:DXYLong
by fiftytwohertzwhale
1
US DOLLAR INDEX ____ INCOMING BULLISH RALLYHello Guys, As I have stated most times that at some point, the dollar will rally and reach higher prices. I suspect we have gotten to that period. I will insert my previous analysis for this. With this view of the dollar rally, I would be looking out for USD pairs that have a good structure in alignment with the dollar rally. Pairs like: USDCHF, USDSGD & XAGUSD have very interesting price structures. I advise you to monitor them. Follow me for more updates. US DOLLAR INDEX (Previous analysis) Cheers, Jabari
FX:USDOLLARLong
by jabariofafrica
Meet in the Middle Again?Could the US Dollar Index revisit its all time high, as the Euro again sees its all time low? TVC:DXY broke a long-term falling wedge, re-tested its top and then moved up. FX:EURUSD broke a long-term rising wedge, re-tested its bottom and then moved down. The Euro has risen slightly above the middle of its "M" or double-top pattern. This could be a pullback, or we might see yet another weaker attempt at a re-test of the long-term rising wedge. Meanwhile, DXY is still maintaining above the middle of its "W" or double-bottom and has yet to have shown a pullback below it. The Euro could be an indicator of near-term direction for DXY. Should it continue up for another re-test of its wedge, we may see DXY move further down and do the same with its wedge. On the other hand, if the Euro moves back below the middle of its "M" pattern, DXY may continue on up towards the proposed meet in the middle above.
by dudebruhwhoa
DXY Potential UpsidesHey Traders, As we enter the upcoming week, our attention is focused on DXY, as it presents a potential buying opportunity within the 102.150 zone. Previously, DXY had been trading in a downtrend, but it successfully broke out of this pattern. Currently, DXY appears to be approaching the retrace area, signaling a potential second retracement from the 102.150 support and resistance zone. I strongly recommend regularly monitoring DXY, not only before each trading week but ideally on a daily basis. This practice will enable you to trade with greater professionalism when dealing with USD pairs, allowing you to identify their direction and potentially uncover correlations between USD, equities, cryptocurrencies, and indices. Trade safe, Joe.
TVC:DXYLong
by JoeChampion
16
Dollar indexDollar index: As you know DXY determines pairs related to USD (which means all markets). 2 days ago, I had an analysis regarding dollar index. I don't know I published it or not (I guess not). But so far it exactly followed my analysis. I expected a high in dollar index (external liquidity sweep) and then a huge low to sweep internal liquidity which happened today. There is a nice order block (demand zone) which I have marked. I expect a reaction from this zone. if it breaks this zone I have marked another zone below this zone which I expect a reaction too. As you know, positive reaction in dollar index means negatvve reaction on EURUSD. So for the next move, I expect a positive reaction to the order block in dollar index, and negative reaction to the order block in EURUSD which will be my next analysis.
TVC:DXYLong
by SignalsForAll
Eurusd Pulls up to end the week 📺The Weekly candle has flipped bullish with NFP data as I outlined as a possible scenario in yesterday's publishing and appears to be now headed towards 1.096 Daily resistance zone( Also the other side of the daily range). We are currently above 1.091 daily resistance zone and closed at this level with the 4hr candle. The 4hr candle closed quite strongly bullish. We have done a retest at our previous 4h resistance zone(1.09) which has just acted as a support level 40 minutes ago. We are seeing a bullish push to end off the week here and I think it may continue towards 1.0936 and 1.096 Daily resistance zone. We are consistently holing above 1.091 daily resistance zone and the 4hr close has given us confirmation that we may continue up. We have now gotten 2 1hr candles and 1 4hr candle close above 1.091 daily resistance zone. It may act as a support now after we have recieved candle closure confirmation on the 1hr/4hr timeframes. I was originally looking for sell positions on Eurusd with NFP. Instead we saw that —> 1) I Identified that NFP data was expected to decrease overall from the prior period ( Not a positive for USD) 2) The data was worse than what was forecasted by analysts' ( Not good for USD) 3) Price printed a strong daily candle closure back inside our daily timeframe range with yesterday's daily candle. Our daily timeframe range being between 1.085-6 Daily Support and 1.096 Daily Resistance 1 Trade today. Buy Stops with NFP Explanation : So price created a Daily resistance zone on Monday. On Tuesday it respected the daily resistance zone and moved down accordingly. I placed my buy stop position above this high of Tuesday's price. One position closed for +8 Pips, Other position closed for +9.3 Pips 💰. My target was the next 1hr resistance zone as we noted in yesterday's publishing at 1.0936. I secured partial positions and extend my Take Profit to 8-10 Pips during news trading and Lowered my position size accordingly. Data
Long
by ShrewdCatfx
BluetonaFX - DXY Triangle OpportunityHi Traders! We are nearing a bullish breakout on the US Dollar Index (DXY) 1D chart. This, however, will be heavily dependent on today's and tomorrow's very important fundamental data releases, which will indicate where the US economy is heading. Looking at the technical price action on the chart, we have marked a few key things to focus on. Firstly, there is a symmetrical triangle formation that has developed on the chart, which is a pattern that is neither bullish nor bearish; however, we have a bullish bias on the basis that there was a recent strong bullish momentum swing to test the upside trendline for a possible break above. If there is a break above, we have the psychological 104.000 as a target; the market has not been above the 104.000 level in 4 weeks. Further to the upside, there is the longer-term resistance level at 104.699. This is May 2023's high, so if there is strong bullish momentum, especially if there is positive data for the US in the next couple of days, this level will be a target. On the downside, if we do not get a break and close above the trendline, the market will go back into the range, and we have possible long-term support at 101.921. Please do not forget to like, comment, and follow. Thank you for your support. BluetonaFX 
TVC:DXY
by BluetonaFX
2
Dollar starts busy week on front-footThe US dollar will be tested this week with the release of some top-tier data in the coming days. We will have the closely-followed ISM services PMI on Thursday, followed by the June nonfarm payrolls report, while the latest CPI report will be published next week. Together, these data releases should be the deciding factor behind a hike or hold in US interest rates later this month. For now, the USD remains on the front-foot and barring any big downside surprises in US data, the greenback might be able to gains further ground in the short-term outlook. All eyes on US data It has been a quiet week in FX markets so far, but thankfully US markets will reopen today, and volatility should pick up as a result. The focus will be on FOMC meeting minutes, although they are unlikely to tell us anything different to what we have already heard from several Fed officials that have spoken since their meeting in June. More important for the dollar will be incoming data. Unfortunately, there are not many macro pointers scheduled for release today, with factory orders being the exception. We will have ISM services PMI and ADP employment data on Thursday to look forward to, before the focus turns to the nonfarm jobs report on Friday. FOMC June meeting minutes Wednesday, July 5 19:00 BST We will have the minutes from the June FOMC meeting to potentially provide some spark later on. But if you are looking for any hints of dovishness from the Fed, you probably won’t find that in the minutes. With the Fed being pretty much data-dependant, any major weakness for the greenback would have to come from incoming data. On that front, we have lots to look forward to in the second half of the week… ISM services PMI Thursday, July 6 15:00 BST On Monday, we saw the ISM manufacturing PMI come in well below expectations again (41.8 vs. 44.0) as activity contracted at a faster pace in June compared to May. It dropped to its lowest level since May 2020, at the height of the pandemic. While the manufacturing sector activity has been weakening, the services PMI has remained above the expansion level of 50.0 for the past three months – albeit, just above. If we start to see renewed strength come into the services sector despite high interest rates, then this should keep the doves at the FOMC quiet for another couple of months at least. However, if the services PMI also turns lower, then this will raise recession alarm bells, and potentially weigh on the dollar. US non-farm payrolls report Friday, July 7 13:30 BST Last week’s data releases were mostly positive, pointing to an economy that is continuing to defy expectations – until the manufacturing PMI indicated otherwise. The jobs market has been particularly strong with nonfarm payrolls data beating expectations in the last 14 months in a row! Will that trend continue? If it does, it will mean interest rates will likely remain higher for longer. This could benefit the US dollar in the short-term, even if high rates for longer might be something that could ultimately hurt the economy at some later point in time.
TVC:DXY
by FOREXcom
1
[ PMI ] Red Folder News Scenario's 🔥/ Eurusd For PMI data I'm favoring a continued push up throughout NY Session. If this does not happen then i anticipate the volatility to create the High of the day then slowly faded off the highs back to support at 1.08743. It is Monday and the market is setting up for the rest of the week so beware of that. On My last publishing I detail a potential fakeout on the Daily timeframe after the Friday candle Closed back inside the range last week above 1.0892 which is now our weekly support level. I'm looking for price to return to 1.096 daily resistance this week with the fakeout market structure. The Daily candle was bearish all day today and has only just recently flipped back bullish as we coincide with PMI data in 7 minutes. I took a buy and just TP with majoirty of my position., holding on to some during news with SL at B.E. Update : Price shot into profit and my runner position I took Profit at +25 Pips
Long
by ShrewdCatfx
Fake-Breakout coming out of last week ↗️ 🌞PCE news last Friday took price back inside the range between 1.08919 Weekly Support level and 1.09859 Daily Resistance Level. The Friday daily candle retraced nearly the whole Thursday candle that contained GDP and unemployment claims data. I'm looking for this price behavior to continue into the early trading of this new week. The Idea is that we should have continued down last friday towards 1.07821 Daily S/R Zone. We didn't and instead we Eurusd has spring itself back in the range. A Fake breakout or Fakeout. I can see us returning to the top of the range basically. The Monthly candle closed Bullish for June. Looking for the same during July with the first target for July being 1.11. The second target being 1.11853. Price has been consolidating so far this year on eurusd. However, the market structure is consolidating upwards. The 3 month candle jsut closed a 3rd consecutive bullish candle. Why not more bullish?
Long
by ShrewdCatfx
MarketBreakdown | Dollar Index, USDCHF, S&P500 Index, AUDJPY Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ Dollar Index (DXY) daily time frame 💲 The Index broke and closed above a resistance line of a falling expanding wedge pattern. It was retested on Friday. Probabilities are high, that a bullish movement will initiate from a broken trend line soon. 2️⃣USDCHF daily time frame 🇺🇸🇨🇭 The pair keeps consolidating. The market is stuck within a horizontal range. For now, the plan is to wait for a breakout of one of its boundaries. A bearish breakout of the support of the range will trigger a strong selloff, while a bullish breakout will be an important bullish signal. 3️⃣ S&P500 Index (SPY) daily time frame 💲 The market is currently testing a local daily high. If the price violates and closes above that, it will be a strong bullish signal. A bullish continuation will be expected then. 4️⃣ AUDJPY daily time frame 🇦🇺🇯🇵 The pair is trading in a long-term bullish trend. After the price set the last high, a correctional movement started. The pair formed a falling wedge pattern. Its resistance was broken last week. I believe that a trend-following movement will initiate soon. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
10