Get started

Dxyforecast

US Dollar Index Daily TF DXY None Farm Payroll outcome from 13:30 today U.S PRIVATE NONFARM PAYROLLS (JUL) ACTUAL: 97K VS 136K PREVIOUS; EST 148K U.S PARTICIPATION RATE (JUL) ACTUAL: 62.7% VS 62.6% PREVIOUS U.S MANUFACTURING PAYROLLS (JUL) ACTUAL: 1K VS -8K PREVIOUS; EST -1K U.S AVERAGE WEEKLY HOURS (JUL) ACTUAL: 34.2 VS 34.3 PREVIOUS; EST 34.3 U.S GOVERNMENT PAYROLLS (JUL) ACTUAL: 17.0K VS 70.0K PREVIOUS looks like it is going to close below 104.018 The DXY has dropped 100 pips following the non-farm payroll results and is expected to close below 104.024, indicating a bearish trend. Consequently, EUR/USD, GBP/USD, and GOLD are likely to swing bullish. My area of interest is around 102.959, where I anticipate a rejection due to the presence of a -0.27 Fibonacci level and an order block. This should lead to a pullback before resuming the bearish trend to create new lower lows. Gold 4hr TF Gold is moving higher as a result of the non-farm payroll outcome. I expect this upward trend to continue until it hits my area of interest at 2,482, where I anticipate a rejection. After this pullback, I foresee gold resuming its upward movement to achieve a new all-time high (ATH).https://www.tradingview.com/x/tuk0BSO7/
TVC:DXYShort
by ChartStrategist
Can the dollar's dominance be maintained?I believe everyone knows that when the dollar rises, gold falls. But this year, an abnormal thing happened. Both the dollar and gold rose. Many people thought it was due to inflation, war, and geopolitical influences. In fact, everyone overlooked an important detail, which is "U.S. debt". In 2017, the U.S. national debt was about 20 trillion U.S. dollars. By the end of 2023, the U.S. national debt was as high as 34 trillion U.S. dollars. In fact, you can calculate how much debt the United States has issued in 6 years according to the speed of the expansion of the U.S. debt? The answer is "70%". All the money in the world will depreciate if it is printed too much, but will the U.S. dollar be immune? The answer is definitely "no". The reason why everyone is seeing the rise of the US dollar now is because not only the United States but other countries are also printing a large amount of currency. At the same time, the US dollar is a leading currency. When it continues to tighten liquidity, The U.S. dollar seems to be scarce, but it is reflected in real assets: For example, in , when we go back and compare the values ​​of the two, it is not difficult to find that the U.S. dollar is actually depreciating? Why do we say that when the price of gold rose in April and May this year, the United States immediately The very strong non-farm payroll data came out and immediately pushed the price of gold back. However, in In July, the previous non-farm payroll data was significantly revised downwards. This wave of expectation management can be said to have made everyone stupid. In fact, the United States is Want to maintain the dominance of the US dollar. But now the global wave of de-dollarization and the Federal Reserve's interest rate cut are about to depreciate the US dollar, which is already unstoppable.
TVC:DXYShort
by David_strategy
DXY Q3 bearish bias confirmed. Quarterly: Based on the Quarterly theory this is Q3 of this year 24, & Q2 was the manipulation of this year, which has been formed upside, So the Q3-Destribution the price will go down whole August-September 2024, Draw on Liquidity: If I draw a FIB from the last year low to this year high the OTE Level is around 102-389 to 101.917. levels. So we will check any monthly PDA in this levels for the DOL, for the price. Weekly: As there was 2 W-FVG- 's bellow the PQM level's so POI of price revarsal was that 2 W-FVG- 's for revarsal. Now before the NFP Day, there are a possible W-SMT has been forming, So this confirmed me that the price is giving us a sign of revarsal. We need h4 confirmation for that to be more clear. H4: In this H4 the price has formed a bearish H4-Breaker/Unicorn formation, which is a strong sign of revarsal, in a W level of POI, which gives me farther confirmation that in the up coming week the price will move lower. So when all this 4 analogy 1. Quarterly Q3, Bearish analogy, 2. W-FVG- as a resistance, 3. H4-Bearish Breaker, 4. W-SMT in W-FVG- When placed all to-gather in the chart, it gave me a confirmation that the DXY is going down up coming 2 months.
PEPPERSTONE:USDXShort
by Trader_PKR
US economic recovery, good news for the global economyDXY: The USD index last week maintained an accumulation status around the 104.10-104.50 range and has not broken out yet. It is likely that the market will need information from this week's FOMC to have clearer trends. In the short term, it is expected that today, DXY will continue to accumulate around this price range, so you can consider buying USD when DXY retests 104.10. -- On July 25, the US Department of Commerce released a report showing that the world's largest economy grew by 2.8% in the period from April to June 2024 (twice as high as the previous quarter). This growth is considered solid, as the US Federal Reserve's (Fed) inflation control measures seem to be effective. Inflation, one of the key factors influencing the Fed’s monetary policy, is showing signs of cooling. The annual inflation rate fell to 3.2% in June, down from a peak of 9.1% last year. This development is believed to be the result of the Fed’s continuous interest rate hikes over the past year.
TVC:DXYLong
by TheLeader_WOLF
DXY Dollar Index Technical Analysis and Trade Idea In this video, we analyze the DXY Dollar Index. It's clear that the DXY has been exhibiting bearish momentum recently. However, it is currently range-bound, and we need to wait for the market to reveal its direction. My strategy involves monitoring the 15-minute chart for signs of a breakout. I am leaning bearish, but this will be confirmed later today as we approach the London and NY sessions. A breakout could present a trade opportunity, as described in the video. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential.
TVC:DXY
by tradingwithanthony
Next Week Trading Plan (DXY analysis)we have drawn some high lows of weekly and monthly swings after that, we have spotted a chart pattern on 4h of DXY indicating it was head and shoulder (incomplete) although the idea was the left shoulder of the pattern is bigger and on the right shoulder it will be shorter than the left shoulder neckline comes at 104.510 first target will be 104.900 which is derived from the right shoulder length and 2nd target is at level of 105.300 which is the length of head incase the first condition couldn't break through the neckline we then have to wait for price to retest the monthly and weekly support which is around 103.900 to 103.600
TVC:DXY
by Jimmy_Rebello
2
DXY Dollar Index Technical Analysis and Trade Idea👉🔍 We can observe that DXY has been in a bearish trend recently. However, it has experienced a significant move into a key support zone. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
TVC:DXY
by tradingwithanthony
DXY declined when Biden withdrew from the White HouseDXY: The USD index in today's session has reacted to a decrease and correction right after the information last weekend. Showing a bearish outlook in the context of Biden's withdrawal from the white house. The scenario in today's trading session is that DXY is expected to continue to weaken. Ace, please consider selling with USD US President Joe Biden introduced the stop of his re-election marketing campaign on July 21 (US time) and nominated Vice President Kamala Harris to update him because the Democratic presidential candidate. In the assertion on This week, he's scheduled to present a public speech. Being your president is the greatest honor of my life. Although I intend to run for re-election, I believe that for the best interests of my party and the country, I should stop and only focus on completing my presidential duties," Mr. Biden wrote. A few minutes after the above message, he wrote another message supporting Ms. Harris. "I chose Ms. Kamala Harris as my vice presidential candidate in the 2020 race. And it was the best decision I made," he continued.
TVC:DXYShort
by TheLeader_WOLF
DXY US Dollar Dominance Long-term forecastCurrent consolidation is coming to its end in the end of July 2024. US Dollar buying (= opening short positions) opportunity is open now. August 2024 will mark a major breakout and fast ascend of DXY topping at no higher than 112. Retest will follow bottoming at 105 (possible plunge down to 104) in January 2025. Next move up will happen in the first half of 2025 making Lower high compared to previous high of 112. Super-important month for all markets will not happen before August 2025. This time the world will decide wether it will go into the dark times of Greatest Financial Depression or it will abandon USD. If my forecast of August 2025 - March 2026 takes place, then USD will first nuke the world in 2026-2027 and then in 2027 USD will cease to exist.
INDEX:DXY
by discarding
4
US stocks and bond yields increased sharplyLong-time period U.S. bond yields rose on expectancies that Trump`s rules could boom authorities debt and inflation, at the same time as cryptocurrency shares additionally rose together with Bitcoin. Trump has delivered himself as a cryptocurrency advocate. Investors say a Trump victory may want to imply greater tax cuts and a greater comfortable regulatory environment. The S&P 500's strength region rose 1.6%. Impact from assassination and hobby rates On making a bet web website online PredictIt, the agreement for a Trump victory become buying and selling at sixty eight cents, up from 60 cents on Friday, with a capacity agreement of $1. Contracts for a Biden victory had been at 26 cents. The assassination in Pennsylvania on Saturday of Trump regarded to enhance his election chances. The 20-year-antique attacker's reasons continue to be a mystery, with the suspect killed and the FBI not able to decide the intentions in the back of the attack. “The marketing and marketing round this occasion is offering a boost,” stated Josh Wein, portfolio supervisor at Hennessy Funds. “But in latest days the inventory marketplace has increased. So that is a continuation of a sturdy rally from the second one 1/2 of of remaining week while we found out that there has been purpose to rejoice the concept that there might be one and now probably price cuts in stop of the year."
TVC:DXY
by TheLeader_WOLF