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easyMarkets DXY Daily - Quick Technical OverviewLooking at the recent technical picture of the US Dollar index, we can see that from around the beginning of March, the index is trading within a falling wedge pattern. According to the Technical Analysis (TA) rules, such patterns tend to be bullish indications. However, in order to get comfortable with that idea, a break of the upper side of that formation would be needed. If that happens, more buyers could join in and possibly push DXY towards the 50-, 100-, or even the 200-day EMA. That said, as long as the upper side of the falling wedge remains intact, the trend could remain to the downside. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:USXUSD
by easyMarkets
P2P | DXY UpdateHello. Hi. Hey there! So this is another DXY update following my previous mark ups. I want to keep posting these because 1. They've been fairly accurate and 2. Its helping you (also me) with identifying potential long term/short term plays. I mentioned that I am overall #bullish on the dollar and the way price reacted to my levels... bittersweet (,: But I also go over some other trade setups and most of them I wasn't able to cut it short so, yeah, looks like I got blown out lol. No worries though, all a learning process! So thank you guys and gals for coming onto the channel. Make sure if you feel like you're getting #value from this content to #boost the page and drop a #comment of what you learned or something you've noticed in my charts that concerns you. Thanks gang, trade well, stay healthy! 2023? Yeah, its that time *evil genius laugh*
OANDA:XAUUSD
by Pips2Porsches
EURUSD: The long power of the exchange rate is gatheringAs mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday. On the fundamental side, more hawkish remarks made by several members of the European Central Bank (ECB) support the euro and support the reasons for increasing huge interest rate increases in the coming months; in addition, the generally positive tone around the stock market is considered to put pressure on the safe-haven dollar and provide additional support for EUR/USD. On the technical side, the continued strength of the pair and its foothold above the convergence resistance level of 1.0645-1.0650 are conducive to the rise of the market.In addition, the oscillators of the daily chart have just begun to move in the positive area and support the prospect of additional gains.However, any further increase may face some resistance in the 38.2% Fibonacci retracement area of about 1.0725, followed by the 50% Fibonacci retracement area of about 1.0785 and the 1.0800 integer mark.Some follow-up buying will negate any recent negative tendencies and will continue to push up EUR/USD. On the 4-hour chart, the exchange rate is currently falling under the suppression of the short-term moving average, and the short-term technical indicators are biased towards the air. However, in the short-term, I think this is a technical correction to the previous increase. It is conducive to the market to consolidate the bottom while accumulating kinetic energy, which is more conducive to the small-level market to rise, and below at the position of 1.0635 is the intersection of the middle Bollinger band and the 30-day moving average support, which has relatively strong support for the short-term market. Taken together, today's EUR/USD short-term operation thinking can go long at 1.0635. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD PEPPERSTONE:EURUSD CAPITALCOM:EURUSD
Long
by Blessed_V
DXY - Breakout to the Upside! Technicals!Hello dear Investors, Traders and of course Beez! Quick TA update on DXY coming right through your way kindly provided by CryptoQueens! DXY: It is ranging inside Triangle Pattern. Mot definitely breakout to the upside! In addition, Flat Divergence has been formed in correlatio to price. Next Resistance - Bearish 4hr Orderblock highlighted in the chart ranging between 103 - 103,5. In the imminent cae of surpassing, next Resistance area - Daily OB around 104 - 105. DISCLAIMER: This analysis is not intended to encourage any buying or selling activity of any particular securities. In addition, it should not be considered as ground for taking any trade action. Hence, your own diligence is highly recommended before entering any trade. If you liked the idea, make sure to support with a like, follow and a comment! Best Regards, CryptoQueens.
TVC:DXYLong
by Crypto_Queens_Official
28
DOLLAR RETRACE TO 103+ ON FOMC & NFP VOLATILITY ?COT: Dollar has weakened significantly since mid NOV-22 Driven by institutional selling of long contracts since begin Q4-22 Assisted by accumulation of short contracts sinds JAN-23 Outlook for Q1-23 remains sideways to down Next downside level is 99.60 FOMC & NFP: Before another drop below 100 big figure a retrace is likely 103+ will likely be mitigated in FEB 103 = mitigation level = GAP resistance = sell VWAP Begin FEB is pivotal week(s) with FOMC & NFP FOMC and/or NFP volatility will likely facilitate the retrace OUTLOOK: Will be monitoring price behaviour between 103.00 - 103.25 Looking for change of behaviour on the lower timeframe (wicks into mitigation-level) Anticipating a swing lower from 103+ to 100- after mitigation This will offer buy setups in the MAJORS, with a preference for commodity CCY's
ICEUS:DX1!Short
by xtrader1
1
DXY (US dollar index)Subscribe and get a free trading strategy for Bitcoin and Ethereum every day! If DXY will break 104.140 we possibly will see a bullish scenario. The final target is 106.500. Red zones - temporary rollback zones. P.S I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
TVC:DXYLong
by Anton_t_t_t_eng
DXY (US dollar currency index)Subscribe and get a free trading strategy for Bitcoin and other instruments every day! Happy New Year and Merry Christmas my dear friends!🤑 Well, Santa gives us a present by dollar index grows. Now the correction possibility is very high. Hope you use my posts correctly 😉 P.S I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
TVC:DXY
by Anton_t_t_t_eng
2
WHAT HAPPENED WITH JPY?Hello guys! Here is a quick summary of what happened in the market today, especially in the Japanese one, after the Bank of Japan surprised everyone. On Tuesday, the Bank of Japan made its first move towards a shift away from ultra-loose monetary policy after weeks of speculation. As part of an adjustment to its yield curve control policy, the BoJ decided to increase the range of its target for the yield on 10-year government bonds from +/- 25 basis points to +/- 50 basis points. Despite this change, the Bank kept its short-term policy rate at -0.1% and maintained its commitment to easing in its statement. In fact, the BoJ plans to increase its purchases of Japanese government bonds in the coming quarter, from 7.3 trillion yen per month to 9 trillion yen. The Bank of Japan's policy adjustment was more hawkish than financial markets had anticipated, and contributed to the yen's further recovery from a 30-year low reached this October. A stronger yen may provide some relief to the Japanese economy, which has been grappling with the high cost of imports due to the sharp decline in the value of the yen this year. As the possibility of more hawkish central bank actions and a potential recession in 2023 increased, the value of Asian currencies against the US dollar decreased further and risk appetite remained low. While the US dollar strengthened against most Asian currencies, the strength of the yen, euro, and pound weighed on the dollar index and dollar index futures. What do you think about the BoJ's move? FX:USDJPY FX:USDJPY BMFBOVESPA:JPY1! PEPPERSTONE:JPYX
Short
by m_maia14
4
📉Nasdaq Continued Declines📉📉Nasdaq Continued Declines 📉Nasdaq reopens with a downward gap at the opening of the session. 📉The scenario remains unchanged, I still expect declines. 📉Looking at the technical environment, it is hard to talk about the high probability of increases here. Most indicators are on the bearish side. 📉I determined the support zone based on the recent lows. 📉I determined the resistance zone based on the level of 0.618 of the entire upward wave from the bottom to the current peak. 📉The scenario I am playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 📉*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
NASDAQ:NDXShort
by InvestMate
9
📉📈S&P500 Accumulation Continues📉📈📉📈S&P500 Accumulation Continues 📉📈As I wrote in a recent post about the expected accumulation at current levels: 📉📈I did not have to wait long for confirmation of my conjecture since December 16 the price confirms a strong support zone. 📉📈It is breaking out once up once down but without making major ranges. 📉📈My long-term outlook still remains upward. 📉📈But looking at the current technical environment, it does not look like the accumulation is going to end in the near future. 📉📈The scenario I'm playing out is to wait for the accumulation to end and for the price to break out to make a new upward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
SP:SPXLong
by InvestMate
16