Long

Dollar index Analysis ( DXY ) 18/06/24

Updated

Technical Analysis
Trend Analysis:

The DXY (Dollar Index) has shown a bullish reversal pattern, breaking above previous lower highs (LH) and forming higher highs (HH) and higher lows (HL).
The chart indicates a recent breakout from a downtrend channel, transitioning into an uptrend.
Key levels to watch include:
138.00% Fibonacci retracement level at 105.906
161.80% Fibonacci retracement level at 106.190
175.00% Fibonacci retracement level at 106.347
Resistance and Support:

Strong Zone of Rejection: Between 106.190 and 106.347.
Immediate Support: Around the 105.20 level, previously a resistance now turned support.
Higher Low (HL): The recent formation of a higher low is crucial for the continuation of the bullish trend.
Fundamental Analysis
Economic Data:

Retail Sales: Positive expectations for Core Retail Sales m/m at 0.2% and Retail Sales m/m at 0.3% should support the USD.
Industrial Production m/m: Expected to be positive at 0.3%, reinforcing dollar strength.
The DXY recently benefitted from a hawkish FOMC statement and positive economic indicators like the Empire State Manufacturing Index [2].
FOMC and Dollar Sentiment:

A hawkish FOMC stance suggests potential rate hikes, supporting the dollar's bullish outlook [6].
Conclusion
The technical outlook for the DXY is bullish, with potential resistance at 106.190 and 106.347.
Positive retail sales and industrial production data are expected to further bolster the dollar.
The bullish trend is likely to continue, provided economic data supports the current momentum.

Note

🔴 Trump loses $2 billion this month, after the shares of his group that owns the communication platform Truth Social fell by more than 44%.

Note

🔴 Markets now:

• Gold rose by 1.56% to levels of $2,364 per ounce

• American crude oil rose by 0.67% to levels of $81.25 per barrel

• The Dow Jones rose by 0.18% to 38,902 points

• Nasdaq rises to levels of 19,921 points

Note

🔴 European Union countries agree on the 14th package of sanctions on Russia, which includes banning Russian liquefied natural gas transfers, according to Reuters.

Note

Expectations that the American debt will rise to 50 (trillion) thousand billion dollars in the next ten years

Note

🔴 The value of exports rose 13.5% year-on-year in May, driven by cars destined for America and chip-making machines destined for China.

📌The weakness of the Japanese yen and the recovery in global demand contributed to the rise in exports

📌 Shipments to America increased by 23.9%, and exports to China increased by 17.8%.

📌Shortage of exports to Europe, which reflects uneven global demand

📌 Expectations of modest growth in Japanese GDP by 0.2% in the second quarter of 2024 after a contraction in the first quarter

📌Japanese imports rose 9.5%, bringing the trade deficit to 1.22 trillion yen in May, less than expected

Trade active

SWING TRADE 🔥🔥🔥

🔴SELL USDMXN NOW

🔻Entry : 18.29214

🔻SL : 19.13046

🔻TP : 17.71801

🔻USE PROPRE RISK , THIS TRADE IS VALID TILL NEXT WEEK 1:1 RR

Good luck 👌❤️

Trade active

USDMXN 277pips running securing soon profits , And i'll share News soon

Note

🔴 BREAKING: S&P 500 stock buybacks reached $237 billion in the first quarter of 2024, the third highest amount in history.

This is up 10% year-on-year and 8% compared to the fourth quarter of 2023.

The increase is largely due to the 20 largest companies in the S&P 500 index accounting for 51% of all buybacks.

There have only been two quarters in history that have seen more share buybacks, Q4 2021 and Q1 2022.

Total stock buybacks are set to exceed $1 trillion for the first time ever in 2024.

Note

🔴 Here are the most important developments:

• Gold was under pressure last week with the continued strength of the US dollar, which reached its highest levels since May.

• This strength of the dollar was driven by traders and investors ruling out any reductions in interest rates in the near term, especially after the strong release of Purchasing Managers’ Index data for both the industrial and services sectors last week.

• Investors are awaiting very important data this week that will strongly affect market movement.

• The US GDP statement on Thursday and the US inflation data on Friday. These data will determine the course of the Federal Reserve’s monetary policy.

👈 Today there are no important economic data.

Note

🔴 BREAKING: S&P stock repurchases total $500,237 billion in the first quarter of 2024, the third-largest amount in history.

This is up 10% year-on-year and 8% compared to Q4 2023.

The increase is largely due to the 20 largest companies in the S&P 500 accounting for 51% of all buybacks.

There are only two quarters left in the history of more stock buybacks, Q1 2021 and Q1 2022.

Total stock buybacks are scheduled to be first detected in 2024.

There is graphics i cant share cause i dont have premium i'll get it soon

Note

🔴 Government debt has become larger than the entire American economy

• The US dollar will lose its value significantly in the coming months and years.

Note

🌎 In a recent opinion poll that included a number of central banks about the reason for their recent large purchases of gold, their reactions were not surprising but rather reassuring. Nearly 50% of the participants mentioned three main reasons:

1) There is no virtual risk to it like Bitcoin, for example.

2) Strong performance during crises.

3) Historical importance.

📊 Gold always.. 🥇

Note

🔴 Goldman Sachs expects an upward trend for the dollar if Trump wins the elections

Note

🔴 [Quick facts]:

1. Japan is ready to intervene in currency markets 24 hours a day if necessary.

2. ECB Schnabel says price pressures from services are more difficult.

3. US home sales fell for the third month in a row amid record high prices.

4. US June Purchasing Managers' Index (PMI) data is better than expected.

5. Retail sales in Canada grow in April but may decline in May.

6. Germany faces bottlenecks in manufacturing, but services continue to grow.

7. Eurozone services PMI slows, but it cannot justify interest rate cuts.

Note

🔴 [Quick facts]:

1. The European Union adopts new sanctions against Russia, including liquefied natural gas.

2. The Fed's Daly says inflation data so far has not inspired confidence.

3. Macklem says the Bank of Canada can beat inflation without unemployment rising.

4. The Fed's Goolsbee expects inflation to cool further.

Note

🔴 Gold prices could reach $3,000 per ounce in the next 12 to 18 months if demand increases among major institutional investors, according to commodity strategists at Bank of America.. 📊🔥

Note

🔴 Here are the most notable developments:

• US Federal Reserve Member Daly made statements similar to those made previously by Powell

• Daly said that the Federal Reserve has made significant progress regarding inflation so far

• She added that if inflation returns to rise, the Fed should never think about lowering interest rates

• Therefore, inflation data on Friday will be very important

• The Japanese yen falls against the US dollar and reaches near the levels of 160 yen for every 1 US dollar.

• Caution must be exercised now, as the Central Bank of Japan is expected to intervene to stop the yen’s bleeding

👈 Today, the markets are awaiting the release of the US Consumer Confidence Index statement at 5:00 Saudi time.

Trade active

🔴SELL LIMIT " XAUUSD "

🔴ENTRY : 2345.59

🔻SL : 2352.86

🔻TP : 2338.32

🔻Entry Type : Golden Zone & FVG

📝USE PROPRE RISK , Im Currently Risking 1:1

Order cancelled

Deleting SELL LIMIT " XAUUSD " , We wait for news and NY Session Open

Trade active

SELL STOP GOLD :

ENTRY : 2315.52

SL 2327.87

TP : 2314.00

Trade active

Profits running BE incase it goes Back now and secure some

Trade active

100+ profit Yesterday Closed In profit , Guys how you Rate my Analysis With Gold & Dollar index

Note

🔴 In a tough position, US Federal Reserve member Michelle Bowman believed that the time is not yet appropriate to start lowering interest rates, adding that she would be open to raising interest rates if inflation does not decline.. 🇺🇸

This means 👆🏻 More Dump for Gold , i trust volume more than Fed reserve Guys ,
I believe Gold is dumping For Shortterm , Remember Jerome Mentioned this :
🟥 Jerome Powell:

• Currently, it is not possible to know whether high interest rates will return to their historically low levels before the Corona epidemic or not.

• The US Federal Reserve is prepared to keep interest rates high for a long period, as long as this is necessary to achieve the inflation target.

• Inflationary pressures have calmed significantly, but inflation is still high and above its target.

Note

🔴 [Quick facts]:

1. Fed Governor Bowman sees no interest rate cuts this year.

2. Traders have big bets on federal interest rate cuts.

3. Fed's Cook expects US progress on inflation to continue.

4. US consumer confidence weakened slightly in June.

5. Canada's inflation rate unexpectedly accelerated in May.

Note

🔴 Here are the most important developments:

• Fed member Bowman confirms that she does not expect a rate cut this year.

👈 Bowman said that she would support raising interest rates again if inflation returned to rising.

• These statements come in favor of the US dollar and against metals and stock indices.

• During this week, there will be a debate between Trump and Biden, and things may tilt in Trump’s favor.

👈 Bank of America says that the US Federal Reserve may reduce interest rates in December at the end of the year 2024.. This time is considered very far from market expectations and is in favor of the dollar in the long term.

🌟 Today, the markets are awaiting the US existing home sales statement at 5:00 Saudi time.

Note

Perfect Analysis Ladies & Gentleman 👌

DXY is Running to the target ,

Im gonna be Ready for Buys In Gold Soon

Note

🔴 What is the most reliable alliance in the world?

🌟 It is between the central bank and the government, the relationship between them is like the relationship between a mother and a child.

🔰 The mother (the government) issues bonds, places them with the central bank, and in return the government gets an endless and endless line of credit.

🔰 The central bank issues currency, lends it to the government, and provides a money printing license to every commercial bank.

👈So the alliance between the government and the central bank is the most interconnected alliance the world has ever seen.

👈 Since they can print money and obtain it easily, the government continues to expand and expand in an imaginary way without a real economy.

🔥 How can the size of the government be reduced?

- By replacing the current cash printing system with a sound and better system.

Only then will the government not be able to print unlimited amounts of money. Instead, they will have to rely solely on taxes, and you can be sure that the market will not tolerate a 30% tax on income.

✅ The classical free market is far from Keynesian ideas, where the solution to everything is more government intervention and brutal government.

Trade active

🔴SCALPING TRADE :

🔴Pending Buys Gold

🔻BUY LIMIT : 2290.74

🔻SL : 2281.31 ( 92 PIPS SAFE )

🔻TP : 2292.78 ( 20 PIPS ) 🔥

⭕️USE PROPRE RISK LOT PLEASE DONT OVERLEVERAGE

Trade active

🔴Patience , :)

NEWS Came out Negative For the dollar

New Home Sales
619K 636K 634K

Keep the pending Order , Once the DXY " dollar index " reach the fib target we're Ready for Buys

Note

NEW HH in DOLLAR INDEX ( DXY ) is Being created , Leave The Pending order if it didnt hit we're gonna remove it Or maybe we'll keep it till Asian Session maximum

Trade active

🔷SWING TRADE NASDAQ 😍🤑🤑

🔵BUY NOW NASDAQ
🔹Entry : 19715.38

🔹SL : 19700.00

🔹TP : 20050.00

👉🏻USE PROPRE RISK , 1:6 RR 🔥🔥🔥

Trade active

⚪️ I was Tired Today SL is not even logic guys & This Trade i feel like we're not lookin good Daily Divergence RSI is below & Daily opened without Top wick , Im expecting price to pump back and we can do risk management Closing half or BE As you luck

Stick with Gold Signal 💪

🟢 Nasdaq SL adjustement : 19579.3 ( Below Golden zone Fibbo ) 📝

Trade active

Nasdaq Trade :

🔴Risk management : We did pull back on Golden zone Maybe we're gonna tap again 19507.2 or 19554.1 We'll have another Buys there if it happend , But now im gonna manage risks cause i feel we're still not ready to push above soo close half and leave runner or BE when its closing to your entry

Note

🔴 The dollar index is above 106 for the first time since mid-April, pushing gold prices below 2,300 per ounce again. The weakness of the Japanese yen and strong data on the American economy contributed to a rise in bond yields, which strengthened the dollar, awaiting tomorrow’s data and the day after.

Order cancelled

Nasdaq Closing BE New possible Entry on NY session right after data release Be preapred

TraderFa9ir

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