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DX.F trade ideas

Welp I guess just buy anything (priced in $)The dollar is about to go down heavily. Stuff priced in dollars - for example, equities and crypto - will go up correspondingly. Let's look at this weekly chart of the DXY, which is the dollar versus a basket of other currencies, overlaid with the Fed Funds Rate, which is, simplistically, the main interest rate. We see that when rates go up, the dollar goes up. The inverse is also true. This relation is because when interest rates are low, it has an effect similar to printing money, where the *value* of the dollar is diluted by all the new dollars coming into circulation. The markets are forward-looking. The DXY started its parabolic run upwards in H2 2021 in advance of the actual raise in the interest rate. It broke the parabola also in advance of the rate being tapered - that is, rates still increased for a little, but by less and less. Then rates went sideways and so did the dollar, in a multi-year range with clearly defined support and resistance. Now, rates are coming down again - and the dollar will fall. It tapped the top of the range, made a little exuberant Swing Failure Pattern to the next weekly resistance, and formed a technical high (the Low of the highest candle was just taken on close by this week's candle. Most likely path is now to the bottom of the range at ~100, then bounce and continue down to previous support at ~89. Coming on top of the existing market euphoria around US elections, and the all-time highs in SPY and Bitcoin, this is likely to trigger a parabolic run up in *all* risk assets. Oddly, safe-haven assets like Gold and Silver will I think *also* rise, because they are inflation hedges - the original meaning of inflation, of course, being inflation of the currency.
TVC:DXYLong
by SimpleCryptoLife
Bullish bounce?US Dollar Index (DXY) has reacted off the pivot which is a pullback support and could drop to the 1st support which is a pullback support. Pivot: 106.18 1st Support: 105.27 1st Resistance: 107.04 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
Unmasking DXY's Bullish Potential with Volume ProfileH ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile. Regards, Ely
CAPITALCOM:DXYLong
by Elysian_Mind
DXY Is Bearish! Sell! Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 106.269. 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 104.187 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!
TVC:DXYShort
by SignalProvider
1
Bearish drop?US Dollar Index (DXY) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which is a pullback support. Pivot: 106.52 1st Support: 105.44 1st Resistance: 107.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
DXY New York Session Ideas-Before CPIDXY New York Session Ideas Before CPI Price took buy side and is in a premium coming into New York. There is FVG and equal lows to drawl to. I suspect whatever direction CPI runs to could be the lows to then send it higher. That is only based on the session range. I also consider price is in a HFT FVG that it is rebalancing and that this pair is bullish, so they could send it the equal highs. I suspect that it will take out some liquidity and I could frame a trade after the dust settles.
TVC:DXY
by LParnell
What Can You Expect from the US CPI Report?The November US CPI inflation report (Consumer Price Index) will be widely watched today at 1:30 pm GMT. Headline CPI Inflation Forecast to Have Increased in November According to Refinitiv data, headline YY (year-on-year) CPI inflation is expected to have risen to 2.7% from 2.6% in October, marking a second consecutive month of increasing price pressures. YY core CPI inflation, which excludes energy and food components, is forecast to have risen to 3.3%, matching September and October’s reports. On a month-on-month (MM) basis, headline CPI inflation is anticipated to have increased by 0.3% from 0.2% in October, with MM core CPI inflation forecast to have reached 0.3%, similar to October’s report. As most will be aware, the US Federal Reserve (Fed) works with a dual mandate: to promote maximum employment and maintain stable prices. We saw from Friday’s US Employment Situation Report for November that while job growth modestly surpassed expectations (220,000), adding 227,000 jobs, the unemployment rate unexpectedly ticked higher to 4.2% from 4.1% in October. Therefore, we were left with a somewhat mixed bag. Regarding inflation progress, it is no secret that the Fed is expecting some bumps along the road, and that the recent acceleration in recent months is not ideal. However, I do not believe recent data are sufficient to derail the easing cycle at this point. Yet, it has led some Fed officials to underline the possibility of adopting more of a cautious stance at upcoming meetings, and rightly so. The elevated inflation numbers we have seen in previous months will likely lead the Fed to kick off 2025 tentatively. This is particularly true with the election of Donald Trump, which further complicates the inflation outlook. Inflation Remains Above Fed Target Here is where we stand according to October’s overall inflation data, proving ‘sticky’ north of the Fed’s 2.0% inflation target. YY CPI inflation rose to 2.6% from 2.4% in September, YY PPI inflation (Producer Price Index) rose to 2.4% from 1.9%, and YY PCE data (Personal Consumption Expenditures) elbowed to 2.3% from 2.1%. Core YY CPI inflation remained at 3.3%, core PPI inflation rose to 3.1% from 2.9%, and core PCE data rose to 2.8% from 2.7%. So, while inflation has slowed considerably since the pandemic, inflationary pressures show evidence of stubbornness. PCE data, the Fed’s preferred measure of inflation, is holding just north of 2.0%, and core PCE has stalled around the 2.8% mark amid increased consumption, particularly in services. Fed Rate Cut Largely Priced in Next Week For next week’s meeting, I feel the Fed will likely cut rates unless we get hot inflation data today, which would be a catalyst for a USD bid (an in-line print will not change much). Markets are currently assigning an 85% probability that the Fed will pull the trigger again next week and reduce the target on the Fed funds rate by 25 basis points (bps) to 4.25-4.50%. You may recall that the Fed has already cut rates by 75 bps this year, with a 25 bp reduction in November and a 50 bp cut in September. Dollar Outlook Ahead of the Event According to the US Dollar Index, things are looking up for the USD ahead of the CPI release. The monthly chart shows November probed year-to-date highs of 108.07 and likely consumed a large portion of stops above neighbouring highs to pave the way north towards another layer of resistance at 109.33. Adding to the bullish vibe on the monthly scale, the daily chart saw price action trade through the upper boundary of a bullish pennant pattern drawn from the high of 108.07 and low of 106.11. This could technically underpin further buying towards at least 108.07 and, with a bit of oomph, towards monthly resistance from 109.33. Written by FP Markets Market Analyst Aaron Hill
TVC:DXYLong
by FPMarkets
DXY 1W Forecast until the end of MAY 2025Up-trend will resume and last until the end of February 2025 topping no higher than 114. Current bottom is in at 105.9 Hence, it shouldn't fall below. After February a consolidation period of 1,5 months will trap price action between the bottom of 122.16 and upper level of 114.9 The spring squeezed during consolidation will provide enough energy for further upwards movement starting in the end of April 2025. This will ignite a chain of devaluation of national currencies followed by epidemic inflation across the globe. This will finish/cool-down at DXY reaching the mark of 148. New reality after May 2025?
INDEX:DXY
by discarding
test 1EUR/JPY maintains its position around 159.50 during Tuesday's Asian session. This upward movement in the EUR/JPY cross is likely due to a weaker Japanese Yen (JPY), driven by uncertain expectations about a potential Bank of Japan (BoJ) rate hike in December. BoJ Governor Kazuo Ueda recently signaled that the timing for the next rate hike is approaching. Combined with data showing strong underlying inflation in Japan, this has increased speculation of a rate hike at the BoJ's policy meeting on December 18-19. However, some media reports suggest the BoJ may opt to skip a rate hike this month. Additionally, dovish BoJ board member Toyoaki Nakamura emphasized the need for caution in raising rates, adding further uncertainty and weighing on the Japanese Yen.
CAPITALCOM:DXYShort
by fairuzfkr