Bear Bear Bear !!Death cross on ema 13 & 21 + possibly making a hidden bear divergence will likely make Dxy making lower low and it will be good for high risk asset.Shortby Kabez14
My expectations for the #US dollar in the short and medium term.Here are my thoughts: Good luck, mates. The targets shown on the chart.by Lawrence-Sherif4
%%%%% DXY UNIQUE IDEA %%%% #DXY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss About DXY. DXY is breaking the main bearish flag pattern. After this drop we can price around 104 soon. This will effect whole forex market. Keep in touch we will update further soon.Longby Williamforex3
DXY STRUCTURE I know DXY is showing clear signs that it is ready for a buy but without these confirmations, there will be no buys I usually say I'm not here to change your trading style or belittle your trading system I'm here as your market structure analyst, do well to like share and follow.by Dr_Trade13
Huge rejection at 71%, Does signal bullish for DXy.Dxy, rejected 71% today. Dxy didnt break my trend line as well. Does this means dxy is now bullish. I will wait and see. Everything flipped today. This does signal dxy wants to go north. Let me know what you think in the comments. Longby youngneil3
Is King Dollar poised for a flush ?Possible H&S formation on the DXY. These formations do not always work out.... But interesting to watch since it would have profound implications on Crypto Assets and Prescious Metals Mining companies.... I am bullish on all the above, especially on PM since the Gold / Silver ratio recently had a major break down.Shortby Dangermousebanana3
Dollar Index is hit the support of 104.557 and its heading upDollar Index is hit the support of 104.557 and its heading up ,soo take advantage of the strength of the dollar index to position yourself for a buy on this pair with proper risk management alot can be made .Longby ebenezerrobot3
DXY IndexPair : DXY Index Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Demand Zoneby ForexDetective4
Levels discussed on 23rd May livestream23rd May DXY: Needs to break 105 resistance, to trade up to 105.50 NZDUSD: Sell 0.6065 SL 30 TP 70 AUDUSD: Sell 0.6610 SL 20 TP 50 USDJPY: Buy 157 SL 30 TP 95 GBPUSD: Likely to stay just above 1.27, Sell 1.2690 SL 25 TP 85 EURUSD: Sell 1.0790 SL 20 TP 60 USDCHF: Buy 0.9165 SL 25 TP 60 USDCAD: Buy 1.3710 SL 25 TP 50 Gold: Below 2350 could trade down to 2330 by JinDao_Tai3
DXY LONG SETUPpossible recovery for us dollar. possible target : 108+ good luck. Longby VulcanoRossoUpdated 16
Fed Meeting Minutes: Everything You Need to KnowInvestors await the Fed’s meeting minutes tonight at 22:00 (Dubai time). The minutes are expected to indicate the Fed’s reasoning for its higher-for-longer stance on interest rates, which are currently at a 20-year high within the range of 5.25%-5.50%. Markets will also be searching for signals that may clarify when the Fed will begin rate-cutting, especially after core inflation slowed to 3.6% last week, its lowest level since 2021. Adding to the story, the pace of hiring in the US has slowed, with the economy adding only 175,000 jobs last month, raising concerns over a potential economic slowdown in the world’s biggest economy. The minutes release is anticipated to significantly impact the markets. This influence will be especially pronounced when comparing the new data with previous Fed statements. Notably, the US dollar index has declined by 1.5% since the start of May, marking its first monthly decline this year. Meanwhile, US stock indices are hovering near all-time highs. As suggested by analysts, today's developments could either bolster the ongoing stock market rally or prompt a correction. Technical point of view: the dollar index is trading in an upward trend, the level near 103.7 are considered an important support levelby CFI5
Fascinating junction for DXYWe can see DXY has again rejected off the falling daily trendline (green), last week we formed a bear candle and have broken out below, currently printing a third bear candle in a row (daily). Even though US Data and narrative suggest higher for longer (and maybe even a hike, although I doubt that) the USD has not responded in kind. We're approaching a couple of critical areas: 1. 104.3 - intersection of the rising weekly trendline (red) 2. 104.1 - supply zone With the local trend bearish, more positivity coming out of Europe I think we could see DXY break through these barriers and ultimately retest the longer running monthly falling trendline (white). We have a negative MACD and not yet oversold (Daily). Of course, the US Economy is looking strong and the FED thinks they can afford to keep rates higher for longer, so any kind of a push up from here will see the daily fall line (green) broken and a new HH. Will this be allowed to happen? As always, I never trade DXY but it is critical to watch as dictates so many of the crosses next moves.by Finchcliffe3
DXY: an indicator to forecast Bitcoin’s directionJust like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is gaining strength or value when compared to other assets and currencies. So, people/traders tend to hold the U.S. dollar instead of, say, Bitcoin. And when DXY goes down, that means the U.S. dollar is depreciating in value, so people/traders tend to hold other assets like Bitcoin or Gold.by SaeedSalehiniaUpdated 3
DXYThe dollar price looks bullish on the daily timeframe, moving within a symmetrical triangle and ascending channel, and following the Elliott Wave 12345 pattern. Currently, the price is at a resistance-turned-support level; waiting for a bullish rejection here could signal an upward move. This would positively impact XXXUSD pairs and negatively affect USDXXX pairs.Longby forex_info2
Its going up to the equal highs and higher HTF levelThe dollar had a reaction from the daily order block, confirmed by SMT. The whole week was ranging and I thought that we would, still go a bit lower, but now when the range is broken up above the IFVG. I think it's ready to go up. always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-HunterUpdated 3
DXY, D1DXY looking for uptrend in next following week. Now, waiting for price have retrace and go up.Longby chinghola2
Levels discussed on 30th May Livestream30th May DXY: Retracing, needs to stay above 105 support to maintain bullish, could retest 105.50 NZDUSD: Sell 0.6070 SL 20 TP 65 AUDUSD: Buy 0.6615 SL 25 TP 55 USDJPY: Buy 156.90 SL 40 TP 80 GBPUSD: Sell 1.2680 SL 20 TP 75 (Hesitation at 1.2345) (Double bottom opportunity) EURUSD: Sell 1.0780 SL 20 TP 50 USDCHF: Buy 0.9105 SL 20 TP 40 USDCAD: Sell 1.3710 SL 25 TP 50 Gold: Likely to range between 2330 and 2350 by JinDao_Tai4
DXY nearing key rising channel trend lineIntraday Update: The DXY rising trend line comes in at 104.20, it is key channel support for bulls near term. Longby ForexAnalytixPipczar2
Bull Reversal on DXYExpecting a bullish reversal as pointed out by all technicalsLongby rejoicem76Updated 3
DXY STRUCTURE Hi guys, as we look forward concerning market movements this is what we will be looking at for the coming week, stat tuned for more update, do well to like share and follow, stay safe stay sound.by Dr_Trade12
$DXYgoing back down to test that pesky support then 3rd attempt at losing the 200 ema IF we go back above yellow line then supply zone above will slap it back down imo Shortby CompoundingGain2
DXY Weekly outlook May 26 2024DXY Weekly, Daily, and H4 Chart Analysis Weekly Bias: Bearish Market Structure Shift (W-MSS): Confirmed two weeks ago, signaling a bearish trend. iFVG-W: Last week, price tested and closed below the inverse Fair Value Gap on the weekly timeframe (iFVG-W), reinforcing the bearish outlook. Target Level (DOL): 103.921, where the Weekly Fair Value Gap (W-FVG) and Weekly Swing Low (W-SSL) converge. Confirmation Needed: Watch for a Bearish Market Structure Shift on the H4 timeframe (H4 Bearish-MSS) to confirm the bearish bias. Daily Bias: Bearish D-FVG-CE: On the daily chart, price has closed below the current Daily Fair Value Gap (D-FVG-CE). D-LRLR & D-SSL: Daily Low Resistance Liquidity Run (D-LRLR) is aligned with the Daily Swing Low (D-SSL) and the Weekly Swing Low (W-SSL), indicating a target for low resistance liquidity. Expectations: In the upcoming week, anticipate a move towards these lower levels, seeking liquidity. H4 Bias: Bearish H4-FVG: On the H4 chart, a Fair Value Gap (H4-FVG) has formed after rejecting from the weekly inverse Fair Value Gap (W-iFVG). Key Level: 104.998 - 104.913 (H4-FVG). Bearish Confirmation: If price moves upward and then rejects from the H4-FVG level, this will confirm the bearish bias. This will be an ideal point (H4-POI) to enter short positions targeting 104.009. Key Levels: Resistance: Recent iFVG-W (Weekly), H4-FVG (104.998 - 104.913). Support/Target: 103.921 (W-FVG and W-SSL), 104.009 (H4 target). In summary, the DXY shows a bearish bias across weekly, daily, and H4 timeframes. Watch for price movements towards 103.921 on the weekly and daily charts, with confirmation from a rejection at the H4-FVG level (104.998 - 104.913) to solidify the bearish trend and target 104.009. Shortby Trader_PKR1
DXY on daily timeframe Hi traders, it's my opinion on DXY in high timeframe . As you can see price pullback to Orderblock daily and shows signals that have potential to reach (DOL) zone . So until price is above 104.000 in daily time frame this signal would be confirmed. If price can break 104.000 zone strongly on high time frame and close below this zone this signal would be fail.Longby somayehbasiri1113