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Weekly Forex Forecast Nov. 25-28th: USD INDEX Is Still Bullish!November 25 -28th The DXY is still showing strength, but can pull back at any time. After breaching a Swing High, a pullback is naturally expected. But until it gives a bearish BOS, I am still buying the USD. Don't be too quick to start selling! Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
TVC:DXYLong
by RT_Money
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 sell ideaThe DXY is currently experiencing bullish momentum as investors gain confidence in equities, largely influenced by Donald Trump's business policies. From a technical perspective, however, the price has retraced significantly into a premium area while sweeping liquidity. This suggests that we might start to see some selling opportunities emerge. On this chart, the price has retraced to the 50% (premium area) of the imbalance or fair value gap, while also sweeping liquidity above. Additionally, the price is currently at the Monthly Order Block and aligns with the 0.618 Fibonacci level.
TVC:DXYShort
by sharpdennis10
DXY - Long Term ScenariosDXY / Dollar is looking very strong and can break above resistance and target higher levels. A break of Support Level will open lower levels. MAs are coming closer and a cross will confirm Bearish move. Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
TVC:DXY
by MarketsPOV
US October PCE Price Index PreviewToday, Australian CPI inflation numbers (Consumer Price Index) have already been seen, and the Reserve Bank of New Zealand has announced a 50-basis point (bp) cut during Asia Pac trading. In addition to Q3 24 US GDP (Gross Domestic Product) data coming in unchanged, the October US PCE price index (Personal Consumption Expenditures) will hit the wires at 3:00 pm GMT and is forecast to have risen on a YY basis (year on year). PCE Data Expected to Report Higher Numbers Market expectations, according to Refinitiv data, suggest YY headline and core (excludes volatile food and energy prices) US PCE data has risen to 2.3% (from 2.1% in September) and 2.8% (from 2.7%), in October, respectively. Additionally, the October Personal Income and Outlays report is anticipated to show a 0.4% gain in personal income compared to 0.3% in September. This may seem surprising in light of the miserable jobs report we just had in October, though we must remember that wage growth has indeed increased. Rate Cut Still Likely in December PCE data are closely monitored by the US Federal Reserve (Fed) and is their preferred measure of inflation. The Fed works to an inflation target of 2.0%, and assuming a higher PCE print today, this may be a little too hot for comfort and could prompt the central bank to consider hitting the pause button next month. We also have to remember that Fed Chair Jerome Powell stated that the central bank is not in any rush to cut rates while other Fed members have emphasised caution regarding easing policy too fast. In my humble opinion, however, today’s PCE data is unlikely to prompt a pause from the Fed in December. Still, I feel we are now approaching a stage of a potentially shallower easing cycle, given inflation remains stubbornly north of the Fed’s inflation target. That said, should higher-than-expected jobs data be received next week, this could boost the chances of a rate hold next month and will likely underpin the US dollar (USD). Money markets are pricing in around 15 bps of easing for the December meeting (investors are assigning a 55% chance that the Fed will cut rates by 25 bps next month over a 45% probability they hold). Seeing as both CPI and PPI (Producer Price Index) inflation numbers have already been released for October, these data help calculate the PCE figures. You will likely recall CPI inflation data came in line with economists’ estimates; however, YY headline inflation rose to 2.6% in October, increasing from September’s rate of 2.4% and marking the first upward shift since March. The largest upward contributor to CPI inflation was housing – more than half of the rise was down rising prices in housing – with food prices also rising in October. PPI inflation also increased across headline and core measures in October to 2.4% (from 1.9% in September) and 3.1% (from 2.9% in September). While both the CPI and PCE Indexes attempt to measure consumer prices by tracking changes in the prices of a specific basket of goods and services each month, the CPI assigns a far greater weighting to shelter than the PCE Index does, which highlights that the PCE data could still fail to reach estimates. Dollar Index Fading Range Resistance As shown from the daily timeframe of the US Dollar (USD) Index, price action is fading quite a substantial range resistance from 107.21. This is a level the FP Markets Research Team have been watching closely for a while now, as a breakout from here could send the Index towards monthly resistance at 109.33. However, a daily support area between 106.13 and 106.50 is currently in play, which could, given the room to run for monthly resistance, pose a problem for USD sellers. Written by FP Markets Market Analyst Aaron Hill
TVC:DXYLong
by FPMarkets
DXY long moveDXY chart on the 2H timeframe shows the price trading towards a demand zone, indicating bearish pressure after the earlier upside movement. The pair is approaching a key horizontal support level, a significant area that has previously acted as both support and resistance. This level also aligns with the 88.0 Fibonacci Retracement, adding further confluence for potential price reactions. If the price breaks below this demand zone, it could signal a bearish continuation, as sellers may gain control. However, if the demand zone holds, there is potential for a bullish reversal, leading to a rebound toward the next supply zone.
TVC:DXYLong
by OCBE-FX
DXY: Early Black Friday Deal?Hello traders. Happy new trading week. The Asian session kicked off the new week with quite a dramatic drop in the Dollar Index. On the daily and 4H charts it has reached support. The weekly value i comfortably above all MA's. I exited my EUR/USD short at the 4H close which was right at the 50% retracement of the 0.95361-1.12758. I suspected that the dramatic drop was due to not only economic concerns but more about the Russian/Ukraine war escalation after President Biden approved the use of USA made long range missiles to be used by Ukraine. This notion was reinforced by the appreciation of the JPY, the classic safe haven currency. There are a number of 1st tier USD economic releases due this week culminating with Eurozone CPI on Friday and RBNZ rate decision midweek. Keep an eye on those. Far be it from me to look a gift horse in the mouth. A lot of heavy lifting was done by the big players last week by running stops on DXY to a two year high of 108.07. The illiquid conditions at the Asian session opening dropped it back to daily support. I have shorted EUR/USD at the 1.0500 level and shorted NZD/USD at 0.5868 and keeping an eye on the next daily closing level at 0.5876. Finally, Happy Thanksgiving to USA traders and best wishes to everyone else. TIP: The Asian session on Thanksgiving day can sometimes produce good illiquid trading opportunities. Just saying. Not investment advice.
TVC:DXYLong
by jvrfxalerts
USD INDEX - My 5 Cents @ Year End20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends, your interest motivates me: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: Upwards we see Range Bound Confluence of Resistance + Overlapping Resistance above 108... ** WILL WE BREAK OUT THIS YEAR? ** WILL WE RESPECT THE RANGE AGAIN? I deeply appreciate you taking the time to study my analysis and point of view. KEYNOTE: The most important to consider always, before you leap: When you jump in the river, make sure you are swimming "WITH" the current!!
TVC:DXY
by ANROC
DXY Bullish trend continue**Monthly Chart** The Sept 24 candle formed an inside candle after it swept the liquidity from the previous candle low and tested the low of the July 2023 monthly candle at the midpoint of April 22 Fair Bullish Value Gap (IPA). The Oct 24 candle closed as a bullish engulfing candle, suggesting a strong bullish move for DXY in the next few months. This month's candle (which is still active) continued the strong bullish move for the DXY and took the liquidity above 106.49 and 107.34. I am still expecting DXY to at least move to test 110.00 before looking for any bearish structure. **Weekly Chart** Last week's candle closed bullish after swept liquidity above 107.348 level. Since DXY already took the liquidity. For Now, for DXY to continue the upward trend, it needs to form a bullish structure on smaller time frames for one more bush higher at least to test the low of 24 Oct 2022 weekly candle at 109.535 level. **Daily Chart** I would like to see DXY retrace lower at least to test 0.50 or 0.618 Fibs levels and FVG on the daily chart and form bullish confirmation for another push higher this week. This means a bearish continuation for opposite pairs to USD. Such as GBPUSD, EURUSD, AUDUSD..etc. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD.
TVC:DXYLong
by PropSignals
Dollar Down and Crypto PumpsHoping for DXY to drop down to the lower range and allow liquidity to keep flowing into crypto so we can keep pumping. Also watching BTC.D closely, if this breaks down and makes a new lower low then we can say with a lot more probability that Altcoin Season or Alt season is truely upon us. Lets watch and wait! I am in a few positions, XRP/DOGE/VIRTUALS ready for the action. Not financial advice, lots of volatility and risk out there, watch out for the bulls too.
TVC:DXYLong
by NFVeej