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Usdxlong

USD$ is set to rise. On Monday I said the opposite: Falling I stand corrected on what I published last Monday right before the Asia session, I think a rushed analysis and when you see what you want to see in a chart to support an idea, it can all go wrong. Or did the USD$ have such a bullish week to turn the charts around in such a short space of time. I don't know but both the Daily and Weekly chart of the USDX have a very bullish W/Bottom. For those who don't know these patterns, they are basically a double/bottom or bottom1 & a bottom 2 and a W is formed as price is written up to a Neckline which is the yellow lines on the daily and weekly charts here. I initially thought and stated that the USD$ may run up to 1.11 /1.12 and from a technical standpoint of these W/bottoms that is exactly where price may end up. But lots can happen in the meantime. Briefly on Gold and Silver: The Gold price has turned around bullishly after turning down in a Double/Top for many days. This turnaround also coincides with the bottom trend-line which is also the bottom line of a Triangle formation on the daily. Next trading day I would expect Gold to continue to climb for a couple of sessions before turning back down to the trend line and bottom of Daily-triangle which is all but complete and price would then either breakdown or breakout from triangle. I think that despite the USD$ continuing to climb, the Gold price will do the same thing and climb but probably won't go to an ATH just yet. Silver has a bearish Head n Shoulders on the Daily. Price will retest the sell area next session on the daily which means the Silver price will get a false Long rally and selling will resume into the daily H n S pattern. The Silver price is right on the daily 200ema and back in January and February 2024 price got a little below the 200ema and then took off on a Long rally. Same thing expected, the HnS will play out and price will fall back a little more and then a buying spree and rally upwards will commence in Silver, possible just before the New Year.
PEPPERSTONE:USDXLong
by Easy_Explosive_Trading
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PEPPERSTONE:USDXLong
by Thief_Trader
Analysing USDX' recent history. Insight into causes of rally. The chart is a about 2.5 years of weekly pricing of the US Dollar Index USDX. Simply, illustrating 3 examples of positive divergence for the Dollar and why the $-rally has grown to such an enormous force here at the end of 2024. My analysis left me wondering about the high to lower-high on RSI which over the same 2.5 years led to a higher high recorded in 2024 (recently), positive RSI divergence, which should correlate to even higher USD Dollar rally's at the start of 2025. But instead, clearly seen in the RSI chart, the recent withdrawal of the RSI from the USDX from overbought territory in the RSI and retreating back to a level well under 70. But I see a reversal-swing back into overbought territory on the RSI > 70 causing more momentum back into the Dollar and this increase back into overbought / outperforming would be consistent with the bullish RSI divergence outlined last above, which cals for an even higher USDX. It would not surprise me to see the USDX climb to 111 during 2025. Why? How? If you look across at the corresponding historical weekly candle you will find the 7 Nov 22 weekly candle which is a big candle and it closed at 111. It makes me wonder about Gold's direction. Bullish but capped somewhat until the Dollar finishes its upwards move. This will also occur in 2025 when the Dollar will eventually retreat as historically evidenced here in the USDX RSI weekly. It shows severe overselling and the resultant bull-rally to the opposite where the dollar outperforms/overbought and eventually has to correct its pricing by becoming less overbought. All can be seen in the weekly RSI chart.
EIGHTCAP:USDXLong
by Easy_Explosive_Trading
Why the USD is about to rally... See chart below please. I would not necessarily listen to certain You-Tubers who write-off important momentum indicators like Stochastics & RSI. My observations of both is that they are wonderful at telling me what is overbought & oversold. When a commodity, currency or stock is in either of these phases, massive & fast swings in price can occur as price comes out of the overbought (shorting) and oversold (buying) conditions. The timeframe of the Stochastic and RSI which I've noticed has the most power and punch with respect to the above is the Weekly but sometimes the Weekly & Daily & 4HR RSI/Stochastics cross-up (x-up on 30/20 respectively) on their zones (buy) or cross-down (x-down 70/80 respectively) on their zones (short-sell). You really need to see the indicators tick-up (buy) or tick-down (sell) firmly through their respective zones (RSI 30/70) STOCH 20/80). The following chart is the Weekly for the USDX. The RSI looks to be really getting under price & packing a big momentum-punch upwards soon. Plus the Stochastics Weekly is looking to cross up on its 20 zone at the same time. When they cross-up and if the Daily simultaneously crosses up it will provide a lot of upward price movement in USD and its index USDX. I have been saying for about a week now that a rally is coming for the USD. This chart is the confirmation.
EIGHTCAP:USDX
by Easy_Explosive_Trading
1
Reading multi timeframe Secrethello everyone, this is my first video tutorial on this website. I hope I explained everything properly if I didn't let me know so I can make improvements... I did have some people who contacted me how to trade, they liked my analysis so I made this video for them and also for people new to trading.. Or people who are already pro this will give a nice upgrade on there skills for this tutorial I used DXY which is the most important index in trading and I think it's a good start for new traders so they can use DXY to trade major currencies.. please let me know how the video was? thank you
TVC:DXYEducation
by baigxy
22
NZD slides against the Japanese YenThe New Zealand Dollar (NZD) is trading bearish against the Japanese Yen (JPY) at 87.386 on Friday, October 27, 2023, following comments from Japan's Chief Cabinet Secretary Taro Matsuno that the Bank of Japan (BoJ) is expected to conduct appropriate monetary policy. Matsuno's comments come amid rising expectations that the BoJ will eventually tighten monetary policy in response to rising inflation in Japan. The BoJ has been maintaining an ultra-loose monetary policy stance for many years, but this has led to a significant weakening of the JPY in recent months. The NZDJPY currency pair has been under pressure in recent weeks as investors have priced in the possibility of a more hawkish BoJ. The pair has fallen by over 5% since the start of October. The bearish outlook for NZDJPY is further supported by the technical outlook. The pair has broken below a key support level at 88.00, and is now on track to test the next support level at 86.50. Factors Weighing on NZDJPY There are a number of factors weighing on NZDJPY at present, including: Expectations of BoJ tightening: The BoJ is expected to be one of the last major central banks to tighten monetary policy, which is putting downward pressure on the JPY. Rising inflation in Japan: Japan's inflation rate has been rising in recent months, which is putting pressure on the BoJ to tighten monetary policy. Global risk aversion: Global investors are currently risk averse, which is leading to a sell-off in riskier assets such as the NZD. Weak New Zealand economic data: The New Zealand economy has been slowing in recent months, which is weighing on the NZD. Technical Outlook for NZDJPY The technical outlook for NZDJPY is bearish. The pair has broken below a key support level at 88.00, and is now on track to test the next support level at 86.50. If NZDJPY breaks below 86.50, it could fall to 85.00 or even lower. Trading Strategy Traders who are bearish on NZDJPY could consider shorting the pair at current levels. A stop loss could be placed above the recent high at 88.00. A profit target could be placed at 86.50 or 85.00. It is important to note that the foreign exchange market is volatile and prices can move quickly. Traders should always use risk management techniques when trading currencies.
Short
by masterclass618
USDX TRADE IDEAHi all from the weekly chart, the price high and low are almost retracing 0.618%. Additionally, the Federal Reserve is aiming to lower inflation to 2%, thus we had a pennant pattern break low, which I see as contradicting. I therefore expect to see a cpi y/y below 3.3 in this week's upcoming release of the CPI data, which could result in strong dollar. Therefore, I am targeting the 1.618 fibo extension with my buy stop on the daily chart. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
VANTAGE:USDXLong
by mytw0cents
not going to be easy for equites and gold from here onusdx has made a sharp bottom in my opinion it has completed an impulse move and now a corrective move in a down trend it can go up to the retracement levels marked on the chart however it has to be remembered that this is a corrective move only not a start of an uptrend or any impulse move so have to plan accordingly 101.5 on the downside is a key level until it trades above that level the move is only on the upside on every dips
PEPPERSTONE:USDX
by Tradegainer
DXY| Sellers Took Control Again Hi Tradingview Family, Shaquan here. Today I noticed the Dollar Index(DXY, USDX) made a new low. What this tells me is the sellers still have control and it's time to look for another selling opportunity on USDCHF while buying EURUSD. I'll be going live on Trading-view at 8:00 pm EST. tonight to cover the in detailed analysis while sharing with you the 10 tools I use to analyze my price chart. My prayer is you find these tools Trading view provides to be beneficial to you. Follow your trading plan and update to the new price movement. -Shaquan
EIGHTCAP:USDXShort
by ShaquanLopez
USDX Futures Contract AnalysisThis is the U.S Dollar Futures contract expiring in December. I usually use this in Forex but lately the crypto market has been moving like the Forex market so i might as well drop it in here so you can use this information to analyse for the 4th Quarter of the year. Below the chart, there are 2 panes (the 1st pane indicates the Commitment of Traders report and the second pane indicates the institutional Open interest) For the 1st pane, focus on the red line which indicates the Commercial Banks. We can see that the red line is increasing which indicates that Commercial Banks (The big players in the market) are increasing their Net Long positions on the Dollar. For the 2nd Pane, the purple line indicates the Open interest within the market. We can see that the previous 2 weeks, the Open interest dropped drastically. What does this mean to a Smart Money Trader? The commercial banks are doing something called Short Covering (simply said, they are using this opportunity to close their short positions by opening Long positions). Now that I have explained what the 2 panes are implying... Look at the chart of the Weekly USDX futures contract, price has reached the Bullish Orderblock. What do you think will happen next 😏 ? www.barchart.com
ICEUS:DXZ2022Long
by Evaliste
2
USDX BULLISH PATTERNUSD remains one of the stronger currencies in this period of uncertainty in the FX markets. The US Dollar Index, that had reached a two-decades high earlier this month, has broken the resistance of its Falling Wedge pattern on the 4H graph and it is returning to its upper trend. If this trend continues, the Dollar Index might try to test again the level of 105. Otherwise it might return within the Falling Wedge pattern and test the support at 103.40 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PEPPERSTONE:USDXLong
by legacyFXofficial