DXY D1 - Short SignalThe dollar index has experienced a rebound, surpassing the 103.00 threshold. When examining currency pairs such as GBPUSD, AUDUSD, and EURUSD, it becomes evident that there is further potential for movement within the frameworks we are monitoring. This suggests the likelihood of DXY breaching the 103.000 support level, setting the stage for extended targets in the vicinity of 101.500.
More analysis to follow on AUDUSD, GBPUSD and the like.
Dollar-index
DXY D1 - Neutral outlookDXY D1
The dollar index has displayed robust corrective movements in recent weeks, buoyed by a diverse set of supporting data points. The 103.000 handle emerges as a pivotal support zone, potentially paving the way for a substantial rebound in the USD. It remains to be seen how events will unfold.
Examining the market from its swing low to swing high, a substantial and healthy 55% correction has taken place thus far.
DXY D1 - Short SignalDXY D1
We've successfully breached the lower boundary of the previously anticipated support zone, as forecasted last week.
There's potential for a retracement to retest the indicated price level before a further decline, aligning with the bearish sentiment on the USD, really looking to see some more dollar weakness unfold this week.
DXY D1 - Short SetupDXY D1
Today, or at least this morning is all about waiting for these corrections to unfold and settle. The DXY is being used to compare against FX pairs, and we are just waiting to see whether this resistance price holds, or breaks.
Like I say, we aren't looking to trade just yet, merely try and get some consensus of direction early on in the week, we can then trade off the back of that.
$DXYCAPITALCOM:DXY
good dayAccording to the chart of the financial markets, the dollar index has the potential to grow up to the range of 104
At the same time, all stocks will fallWatch the news
According to what I said, my prediction is the increase of interest rates and the strength of the dollar in the above time frame.
US30 D1 - Sell zone from 35,000US30 H8
We indicated the 34000 sell zone yesterday, and we have since seen a tame 1.5R from this area. Speaking with a few followers, this is something they've capitalised on. That being said, the concern for DXY downside throws a spanner in the works, and the chances of US30 pushing towards 35000 is becoming more and more.
35000 is certainly a preferred sell zone, psychological price, D1 resistance and supply, 2 previous tests. Also, this would tie in with US100 15500 target pace too.
DXY Index, Bearish Reversal High Likelihood!Hello,
Welcome to this analysis about the US-Dollar Currency Index, we are looking at the 4-hour timeframe perspectives. As I detected recently the index is forming an important formation that has a high possibility to be the origin of a bearish reversal to the downside that should not be underestimated. As when looking at my chart now we can watch there that this is an ascending-wedge-formation which I have marked with the blue boundaries. Within this wedge, the index has its coherent wave-count with the waves A to E already completed and therefore technically the wave-count-basis of the wedge finalized. This is why the likelihood that the wedge confirms bearishly to the downside in the near future is higher, such confirmation will finally happen when the index closes below the lower boundary of the formation which will be the origin for further bearish downside price-action as it is marked in my chart with the final confirmation. Once the whole wedge-formation is completed bearishly the index will appoint the target-zone and when the targets have finally reached the situation needs to be elevated anew if the index manages to hold this zone or continues bearishly further.
In this manner, thank you for watching my analysis about the DXY Index and the highly likely bearish reversal incoming in the near future, great when you support it with a like and follow or comment for more market insight!
Information provided is only educational and should not be used to take action in the market.
Will the #Dollar Index Rally Continue?Monday, September 10, 2023
In the weekly chart of the US #Dollar Index, the market structure appears #bullish. Recently, the market found support around the 104 level, and the Dollar #Index has reached the 38.2% Fibonacci retracement level as part of a corrective move.
In this week's trading, if the current #uptrend continues, and the 38.2% resistance level at 105.45 is #broken, the market may find a clear path towards the 50% Fibonacci #retracement at the 107 level.
However, if the #resistance zone at 105.45 holds its ground, the #upward #momentum in the market may be limited, and the Dollar Index could return to the 104 #support level, marking a 23.6% #Fibonacci #retracement #correction.
So based on this analysis I suggests a bullish outlook for the Dollar Index.
DXY H4 - Long SignalDXY H4
So far the dollar playing out like poetry to start the week, we have seen the breakout following a smaller than expected correction yesterday, bullish bias confirmed nice and early in the week.
Not much US related data today, so let's see what unfolds as the overlap comes into play. Possible correction to retest the latest broken zone before taking off again.
DXY D1 - Long SetupDXY D1
Amended the order details on the long measure a little bit here for the dollar index, we are now looking to get off the ground following the retest. That being said, this fell on the basis of softer figures yesterday, we have a cluster of data to follow today to be cautious of.
News events and risk events move markets on swing timeframes when it's with regards to inflation and central bank action, but often other data points may just be short lived effects. Really hoping to see this dollar pick up again though.
Market Structure Shift | DXY LongDXY failed to take liquidity at 101.748 and gave a structural shift to the upside with 4H bullish momentum candles indicating a potential long, i expect a reach to a target above 103.372 in to the supply zone.
DXY might take liquidity at 102.432 or tap into the demand zone(buy zone) below 102.311 before hitting the supply zone 103.372.
DXY Local Short! Sell!
Hello,Traders!
DXY went up and hit a
Horizontal resistance level
Of 103.600 from where
We are already seeing a
Bearish reaction and I think
That we will see a further
Correction to the downside
Sell!
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Is it still bearish mode or it's end?#DOLLAR INDEX (DXY) ..
market streight drop and broke his 15 months low in yesterday and continue to further losses..
But here is a support of market that will play key role,
If it will continue his selling turn then it should continue his selling move and break the next support..
If it's end here then it should hold it ..
Trade wisely
Good luck
DXY Resistance Ahead! Sell!
Hello,Traders!
DXY has made a nice
Bullish correction from
The lows, however it
Looks overbought at
The moment so as the
Price is approaching the
Horizontal resistance level
Of 101.000 we will be
Expecting a local pullback
To the downside
Sell!
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✨ NEW: DX1! ✨ INTRADAY ✨BSO @ 100.25
SLO @ 100.00
SSO @ 99.83
TP @ 96.00
TECHNICAL ANALYSIS
According to my analysis of the 15-minute time frame for the US Dollar Index Futures from ICEUS, Price Action has been bullish. The price has been trading between the 99.22 and 100.25 levels since yesterday's USD News.
The moving averages are all sloping downward, which suggests that the overall trend is bearish. However, the stochastic oscillator is starting to turn up, which could signal a potential reversal.
The next key level to watch is the 99.42 level. If the price breaks below this level, it could open the door for a further decline towards the next Major Support Level @ 96.000. However, if the price is able to hold @ 100.00, it could signal a the continuation of a DT.
Overall, the market is currently in a state of flux. The overall trend is bearish, but there are some signs that a return to the DT could be in the works.