Weak dollarI think the dollar will drop cause of the break of structure and retest Shortby Therealone6
possibility of uptrend It is expected that the current upward trend will end at the specified resistance levels and we will see the beginning of the corrective trend. If the index crosses the resistance range, it will be possible to continue the upward trendLongby STPFOREX5
US DOLLAR INDEX (DXY): Very Bullish Setup ExplainedThe Dollar Index is showing strong bullish momentum after breaking through a significant intraday resistance level. This level has now become a support area. With the market experiencing a continued bullish trend since last week, we could see further upward movement. The next resistance level to watch for is at 106.40.Longby linofx12
DXY Trading Journal Analysis DXY Trading Journal Analysis It seems likely for Price to gravitate to the noted Buy Stops Target at range 105.897 for the weeks high. I suspect that Price will seek to rebalance the noted 4 IFVG and potentially take out the clean equal lows for the weeks low. by LParnell0
DXY Trading Journal Analysis DXY Trading Journal Analysis Great week of Price delivery. It seemed likely that Price would seek the noted buys stops at range 105.184 and it did that easily on Monday. Tuesday Price rallied to the mean threshold on the 4 IFVG and just kissed the buy stop target at 105.458. The news impact on Wednesday drove Price to seek lower prices by rebalancing the previous weeks BISI. Thursday and Friday Price retraced Wednesdays range and rallied to fully rebalance the 4IFVG and take out my buy stop target and surpass it. Very pleased this week as my targets were achieved. by LParnell0
DXYWe looking for long term selling opportunities as the market is respecting the support zone and its basically forming a bearish flag patternShortby officialpotego_fx1
Dollar's Rally Wins Over Traders as Fed Decision LoomsThe U.S. dollar capped its strongest weekly run since February, buoyed by a shift in sentiment among traders as they awaited the Federal Reserve's upcoming policy decision. After weeks of anticipation of potential interest rate cuts, the market witnessed a reversal as the greenback regained its allure. This recent surge comes from a five-day winning streak for the Bloomberg Dollar Index, a gauge of the greenback's performance against a basket of major currencies. The index rose by over 1% during this period, marking its most significant weekly advance since early 2024. This bullish sentiment towards the dollar is a reversal from earlier market expectations. Previously, many traders had positioned themselves for a dovish turn from the Fed, anticipating potential interest rate cuts in the latter half of the year. This anticipation has contributed to a weakening of the dollar in recent months. However, recent economic data and comments from Fed officials have cast doubt on the likelihood of imminent rate cuts. Upticks in inflation figures and a robust labor market have fueled speculation that the central bank might maintain its current hawkish stance for longer. "The recent economic data has painted a somewhat different picture than what the market had initially expected," noted Sarah Lopez, a foreign exchange strategist at a leading investment bank. "Stronger inflation readings and a resilient job market suggest the Fed might need to stay the course on its tightening policy for a while longer." This shift in expectations has prompted traders to reassess their positions. Many who had previously bet on a weaker dollar are now scrambling to cover their short positions, leading to a surge in demand for the greenback. "We've seen a significant unwinding of short dollar positions in recent days," commented Michael Jones, a currency trader at a major financial institution. "The market is starting to price in the possibility that the Fed might hold off on rate cuts, and that's giving the dollar a much-needed boost." "The Fed's language will be critical in determining the dollar's next move," said Lopez. "If the statement suggests a continued commitment to fighting inflation, the dollar could extend its gains. However, any dovish hints could trigger a renewed selloff." Beyond the immediate impact of the Fed decision, the dollar's long-term prospects will depend on several factors, including the relative path of interest rates in the U.S. compared to other major economies. "The dollar's strength will likely hinge on the divergence between U.S. monetary policy and that of other central banks," explained Jones. "If the Fed remains hawkish while other central banks stay accommodative, the dollar could continue to appreciate." The recent resurgence of the dollar has implications for various asset classes. A stronger greenback can make U.S. exports more expensive and less competitive, potentially weighing on corporate profits. Conversely, it can make dollar-denominated assets, such as U.S. Treasuries, more attractive to foreign investors. In conclusion, the dollar's recent rally underscores the dynamic nature of currency markets. As economic data and central bank pronouncements evolve, so too do investor expectations. The upcoming Fed decision is poised to be a pivotal moment for the dollar, with its outcome likely to shape the currency's trajectory in the coming months. Longby bryandowningqln0
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 6
DXY IndexPair : DXY Index Description : Symmetrical Triangle as an Corrective Pattern in Long Time Frame Bullish Channel in Short Time Frame Break of Structure Completed " 12345 " Impulsive Waves and " A " Corrective Waves RSI - Divergenceby ForexDetective117
DXY IDEA Just a view from my point where we can see Dxy sweeping the highs and might be seeing a retracement AND BUY only if we get a sign of bullishness targeting the equal highsLongby ronath330
DXY Will Fall! 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 105.664. The above observations make me that the market will inevitably achieve 104.909 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 113
DXY Weekly Out look 16 June 24Monthly: Price has been taken the PML & April Low liquidity, Now its momentum is up side towards the M-BSL- 106.200. Monthly Bias: Bullish Weekly: Price has closed upside forming a W-VI from the previous week opening, a W-MSS+ has been formed. So the weekly momentum is bullish in weekly level, but as there is a W-VI in the upcoming week the price could a give a shallow reverse to the VI then the actual move will be formed. In the weekly level the upside target is 106.169. Weekly Bias: Bullish Daily: The price has been coming from the Daily OB from bellow, it already formed a body closer in the weekly Imbalance, & the price has been taken the D-BSL up side, so as the daily level BSL has been taken so in the up coming week the price could give us a shallow pull back towers the D-OB-CE then it will move upwards. Daily Bias: bullish Longby Trader_PKR0
Bullish dxyPrice has shown a willingness to go higher so certain areas are expected.Longby Thunder_Fx0
DXY - Weekly Forecast - 17 June 2024My view on Dollar Index is bullish bias. Looking for buy entries at the levels indicated. Long03:40by TraderRiz0
USD looking for some pullbacks to go longHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Pullbacks would be good for going long. Eurusd looks weak. But Gbpusd, audusd and nzdusd arent that on a higher timeframe. They are also at key levels , watching to hold or not... Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* by Shadowing_The_Big_Boys0
DXY Bullish rallies from 105.200 or 104.400The bias for the dollar is to continue its bullish trend. We have seen a change of character on the higher time frame followed by a break of structure, confirming the upward movement. There are also equal highs above the current price that need to be swept. Due to recent bullish momentum driven by news, the price may be exhausted. At the start of the week, we might see a drop in price as it mitigates a demand zone. Once the price taps into one of these marked demand zones, I expect a bullish reaction. P.S. Once the price moves up, it may react to the 8-hour supply zone, causing a temporary sell-off. However, I won’t be surprised if this zone gets violated due to the liquidity pool sitting above it. Longby Hassan_fx13
DXY LONGTERM BAIS.This thesis is solely based on technical approach. The boxed overview explanation will be that i'm anticipating dollar to dump after this current sweep on the 4hour TF , advancing towards the downside im looking forward to price attraction towards the equal lows which in my personal experience holds valuable liquidity. i anticipate the dowside liquidity to be taken as well as the low that created the new high, before advancing upwards. no financial advice, just personal idea hopefully the coin flips in my favour, its a risk worth taken on the dollar quote currency i trade. tell me what you think about next week? Godbless.by ombejonathan0
DXY plans for the coming weeksall i currently see is the daily gap filling up in the next couple weeks before we fix the buyside liquidity from the fvg. one thing i forgot to mention is , if the 4h ob dont hold , ill look forward to the buyside liquidity from the fvg in 4h being filled before we move further up. ill update my charts my mid of this week, thank you!Long07:20by abdulganibareen1
DXY plans for the coming weeksall i currently see is the daily gap filling up in the next couple weeks before we fix the buyside liquidity from the fvg. one thing i forgot to mention is , if the 4h ob dont hold , ill look forward to the buyside liquidity from the fvg in 4h being filled before we move further up. ill update my charts my mid of this week, thank you!Long07:20by abdulganibareen0
Do you know the next move of DXY to be indicated when trading?Dollar index broke and closed above 105.876, to indicate that the bulls are still in charge a possible pullback before the up move can take place. On Friday the price closed on the support (105.495), once the price break below and retest level (105.495) will expose the next move to breakers block on level (105.283) and a break and close below that level the price might go down to retest level (104.900) prier to go up.by bless27701910
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
R2F Weekly Analysis - 15th June 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! I feel like the Dollar Index is primed to move higher. It has so far been acting how I have anticipated, respecting institutional order flow. Let's breakdown what has happening, and my thought process around it. In May, price retraced after a consolidation, engineering equal highs. This bodes well for my bullish outlook. Price bottomed it's retracement on the 7th June 2024. If you check the Dollar futures chart took out buyside liquidity and created an SMT divergence on the DXY chart. Because of this, I am more confident in price not coming down to take out the relative equal lows below. Price expanded from there, and retraced into a weekly wick CE coupled with a daily bullish Orderblock, halting in its tracks and expanding higher again. The sudden drop and equally sudden recover adds additional confluence to my bullish outlook, not because of the "strength" but because of the manipulation of sentiment. Now we are re-entering a previously used weekly SIBI for the potential of using it as an iFVG. We did not close the weekly conventionally higher than the actual iFVG, as I would usually like, but the bullishness of the previous week's candle leaves the idea open of us expanding higher in the coming week with little retracement below it's open, therefore creating a BISI that may or may not be used later. As for targets, first is the previous month's high that is coupled with equal highs. The two other targets are a weekly swing high that goes way back, and a New Week Opening Gap which is deeper into the general liquidity void residing above. If you enjoyed this analysis, leave a like or a comment. If you want to learn how to analyze like this, check out my profile for more videos and information. Happy Trading!Long06:57by Road_2_Funded2
DXY BIAS BULLISH-Looking for 4hr FVG to be tagged, then looking for a 15min-1hr MSS - Best day to enter this would be on a Tuesday or Wednesday London session or NYC Am session - Things to watch out for before taking the trade, would be check there's fundamentals Longby cloudy_Blank_111