dollar for next week management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as backtesting,this practice allows you to apply your trading idea using historical data and determine if it is viable.09:07by Vishalatul097Published 0
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 103.600by Jimmy_RebelloPublished 223
DXY Will Go Down From Resistance! Sell! Here is our detailed technical review for DXY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 104.242. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 103.696 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 114
Usd potential reversal?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Gonna be neutral for USD this week, wanting to see how the price action plays out with the avalanche of news coming out . Let's watch and play along. I do see a potential turn here. 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_BoysPublished 0
NEW IDEA DXYIt is certain that it will move down and then the trend will be upwardShortby hujikooPublished 0
DXY foreceast for short.Technical Analysis... 📉 **DXY Forecast: Downtrend Ahead?** 📉 Experts are predicting a downtrend for the US Dollar Index (DXY). Factors such as changes in Federal Reserve policies, economic data releases, and global market conditions are contributing to this outlook. Traders and investors are advised to stay informed and consider potential impacts on their portfolios. 📊 **Key Points:** 1. **Fed Policy Changes:** Anticipated adjustments in interest rates and monetary policy could affect the dollar's strength. 2. **Economic Data:** Upcoming reports on employment, inflation, and GDP may influence the DXY. 3. **Global Markets:** International economic conditions and geopolitical events play a significant role. 🔔 **Stay Updated:** Keep an eye on market trends and financial news to make informed decisions. --- **Disclaimer:** This post is for informational purposes only and does not constitute financial advice. Investing in financial markets involves risk. Please consult with a professional financial advisor before making any investment decisions.Shortby Mr_zero77Published 6
(DXY) Dollar - Break out pending from its consolidationThe DXY is currently in a consolidation phase, and I expect it to break out soon. Regardless of the direction, we have marked points of interest (POIs) that will help us capitalize on trading opportunities. - Scenario 1: Price Breaks Upwards If the price breaks above the consolidation, I anticipate it will fill the imbalance and tap into the supply zones marked on the 30-minute and 8-hour charts. - Scenario 2: Price Breaks Downwards If the price moves down, I expect it to mitigate the 16-hour demand zone. This zone appears to be a strong buy setup, likely pushing the dollar back up. There’s also an imbalance above this demand zone that needs to be filled. Overall, I am favoring an upward move, as this aligns with my bearish outlook on GOLD, EUR/USD, and GBP/USD.Longby Hassan_fxPublished 6
DXY Buys"US data should give officials more confidence that inflation is heading to 2% and we suspect attention will start focusing on achieving a ‘soft landing’ for the economy. Next week’s FOMC meeting should lay the groundwork for a September rate cut as policy starts shifting from restrictive territory to something more neutral" - Source - Think ING A rate cut by the Fed will put bearish pressure on the US dollar. However, speculations of a rate cut have been going on for over the past month signalling that the rate cut has mostly been priced in. We can expect bullish price action leading up to the rate cut. Longby TheForexMessiahPublished 2
Dollar Index is consolidating at Range.Dollar Index is consolidating at Range, It may break its lower boundry to continue downtrendShortby ZYLOSTAR_strategyPublished 2
DXY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 104.900 zone, DXY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 104.900 support and resistance zone. Trade safe, Joe.Shortby JoeChampionUpdated 4442
U.S. DOLLAR CURRENCY INDEX (DXY) (Update)Always and at all times. All events will occur in the chart. Trend Prediction - DXY Forecasting - Resistance and Support Lines **** Yousef Sharafi ****by MyAI2050Published 1
Dollar ShortShorting the dollar to a new swing low. HTF broke the 104 level and coming back to fill imbalance. Risking .5% per trade. Shortby SoapstoneCapitalPublished 1
DXY Bearish Head and ShoulderA bearish Head and Shoulder pattern in the making in 1 H frame. Would be interesting to follow mates.Shortby noumannaseerPublished 1
DXY Price movement anticipation.Based on my technical analysis overview on the dollar index, I am anticipating the index to move up and fill the demarcated Fair value gap, and then drop down towards the sell side liquidity and the fair value gap below it. However, considering the political events in the USA as one of the factors that affects the forex market, the index may react contrary to my anticipation. With this in mind, I have to constantly update myself on any development regarding the sentiments and the events affecting the market.by Brian-MongarePublished 3
#dxy #elliottwave short wavec 22Feb24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.Shortby alibadshah88Updated 1
US Core PCE Price Index Analysis25th July DXY: Consolidating between 104.20 and 104.40 Needs to break 104.60 to retest 104.80 (0.2% on Core PCE) NZDUSD: Look for reaction at 0.5865, Sell 0.5855 SL 20 TP 75 AUDUSD: Sell 0.6566 SL 20 TP 70 USDJPY: Buy 154.65 SL 50 TP 100 GBPUSD: Buy 1.2880 SL 25 TP 65 EURUSD: Sell 1.0830 SL 20 TP 75 (Hesitation at 1.0810) USDCHF: Look for reaction at 0.8840 (Depends on DXY volatility) USDCAD: Middle of support & resistance level Gold: DXY strength, XAUUSD break 2365 to trade down to 2350by JinDao_TaiPublished 6
DXY Short Term Idea 26-07-24I'm looking for price to trade to the H4 FVG, Trend is currently bearish by Suffolk_EnterprisesPublished 1
DXY Short Term IdeaI'm looking for price to trade to the H4 FVG, Trend is currently bearish by Suffolk_EnterprisesPublished 2
DXY USD Bullish ideaDear friends and followers This is my DXY movement analysis for your view and decision in trading . Kindly wait for breakout before placing a trade in USD pairs .. But most likely DXY will go bullish ... Trade with caution Longby OluminePublished 0
Bullish DXYMinor descending channel Major descending channel Ranging/consolidating market Channel within channel and a market ranging waiting to break to the upsede or downside. For my two pence I will stick to a bullish DXYLongby rejoicem76Published 2
Possibility of uptrend The current corrective trend is expected to continue up to the specified Fibonacci levels. Then it is expected that a trend change will take place and we will witness the beginning of an upward trend Longby STPFOREXPublished 0
DXY- False break and strong reversal ahead? Last week, the DXY broke below important horizontal support. However, the next day, the index reversed its losses, followed by a bullish candle on Friday. This created a strong reversal candle on our weekly chart, making us wonder if the initial break was false. Now, the index is consolidating above this important horizontal support. A break above the current lateral consolidation could lead to an upward acceleration. Typically, after a false break, the asset moves in the opposite direction to test the next significant level. For the DXY, this sets a target in the 1.0650 zone. Longby Mihai_IacobUpdated 12
Dollar Index - Expecting Volatility Once 104.546 BreaksHaving a look at US10 and Dollar Index for the recent trading week session, there are similarities that, if continued, those looking to short will be in a lot of pain! Long07:29by LegendSinceUpdated 5