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DXY Seems to be going sideways with a upward biasCurrently, the DXY is touching the 25MA. Usually, price tends to bounce off this line or cross it and test the price action, determining if price should go lower or higher. Here we can see this test play out. With quite a bit of support, it's possible that price will continue to move along this sideways trend. Since the sideways movement is indeed going upward, we want to follow the trend, therefore we are long. Furthermore, the stop loss is set exactly after some lower lows, since breaking below this level would mean that the current sideways uptrend is over and a downtrend has begun.
TVC:DXYLong
by DarkMessiah777
Is Biden quitting the biggest market risk right now? Bloomberg reports that dozens of U.S. House Democratic lawmakers are considering sending President Biden a letter urging him to withdraw from the race. The New York Times confirms this, citing a key Biden ally who reveals that the president understands the fragility of his candidacy following a lackluster debate performance last week. Despite the speculation, White House Press Secretary Karine Jean-Pierre has dismissed these claims as "absolutely false," asserting, "The president said it is absolutely false. That is coming directly from him." President Biden, at least publicly, remains steadfast, confident in his mental sharpness, and in another concerning sign, seemingly perplexed by the ongoing doubts about his capabilities. However, a recent Reuters/Ipsos poll highlights one in three Democrats think Biden should step aside. When potential replacements were considered, former First Lady Michelle Obama strangely emerged as the leading candidate in a hypothetical matchup against former President Trump, with a 50% to 39% lead. Meanwhile, Vice President Kamala Harris trails Trump by a narrow margin of 42% to 43%, indicating her competitive standing is comparable to Biden's. Rep. Lloyd Doggett of Texas has become the first Democratic lawmaker to publicly call for Biden's withdrawal, expressing hope that the president will make the "painful and difficult decision" to step down.
TVC:DXY
by BlackBull_Markets
Wild tradeMassive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the upper vertex of the triangle. The SL triggers if the inverted HS pattern is busted in the weekly timeframe. Give it time. In Forex you only need a few trades a year to make great profits but patient is needed.
Long
by ArturoL
3
XAUUSD daily analysis 03/07/2024our yesterdays analysis on xauuad was perfect and all our signals hit take profit. today the market is going to have various news and these news are going to put market in volatility. ▶️Long positions above 2319.00 with targets at 2337.00, 2348 2355 2362 2376 2385 ▶️Below 2319.00 look for further downside with 2311.00 , 2306 2296 2288 2282 Supports and resistances 2355.00 2348.00 2337.00 2332.00 2319.00 2311.00 2306.0 more detailed analysis will be posted soon BOOST US AND FOLLOW US
OANDA:XAUUSD
by realmillionairefx
Bitcoin Weathers the Storm: Resilience Shines Despite DollarBitcoin (BTC), the world's leading cryptocurrency, has surprised many by demonstrating resilience in the face of a strengthening US dollar. Despite a historically observed inverse relationship between the US Dollar Index (DXY) and Bitcoin, this comes. The DXY, which measures the value of the US dollar against a basket of foreign currencies, currently sits at a lofty 106, indicating a robust greenback. This level is significant, having only been surpassed for 34 trading days in the past year. Traditionally, a strong dollar weakens the appeal of dollar-denominated assets like Bitcoin, as investors seek havens in other currencies. However, Bitcoin's current price action defies this historical trend. While not at its all-time high, Bitcoin is currently trading only around $10,000 below that peak, a testament to its continued strength in the market. Several factors may be contributing to this unexpected decoupling. Shifting Investor Sentiment: The cryptocurrency market has matured significantly since its early days, and investor sentiment is evolving alongside it. While Bitcoin was initially seen as a speculative asset class, it's increasingly viewed as a potential hedge against inflation and traditional financial uncertainties. This shift in perception could be mitigating the negative impact of a strong dollar on Bitcoin's price. Institutional Adoption: The influx of institutional investors, such as hedge funds and investment firms, into the cryptocurrency space is another potential factor. These institutions often have a longer-term investment horizon and may be less swayed by short-term fluctuations in the dollar's value. Their presence could be lending stability to the Bitcoin market. Bitcoin Mining Difficulty Adjustment: The Bitcoin network is designed to adjust mining difficulty roughly every two weeks automatically. This ensures a consistent rate of new Bitcoin entering circulation, regardless of the computing power dedicated to mining. An upcoming significant decrease in mining difficulty is anticipated, which could further bolster investor confidence. Positive Developments Within the Crypto Ecosystem: The broader cryptocurrency ecosystem is witnessing continuous innovation and development. The emergence of Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and Layer-2 scaling solutions is attracting new users and capital into the space. This overall growth in the crypto ecosystem could be spilling over and positively impacting Bitcoin's price. Uncertainties Remain: Despite the positive signs, it's important to acknowledge the inherent volatility of the cryptocurrency market. The future trajectory of the DXY and broader economic conditions will undoubtedly continue to influence Bitcoin's price. Additionally, regulatory developments and potential security breaches could pose challenges in the future. Looking Forward: Bitcoin's resilience in the face of a strong dollar is noteworthy. While the reasons behind this decoupling are multifaceted, it suggests a maturing market with a growing pool of long-term investors. As the cryptocurrency ecosystem continues to evolve and gain mainstream adoption, Bitcoin's position as a store of value and a potential hedge against traditional financial instruments could solidify further. However, close attention should be paid to both internal and external factors that may impact Bitcoin's price in the coming months and years.
TVC:DXY
by bryandowningqln
Gold Trading Sideways and Consolidating, RSI at 50 Gold is trading Sideway, but for how long? Between $2280 and $2380, the longer this consolidates The better it is for Gold and the market is now accepting this price. Right now the RSI is at 50ish, so the price is neutral, but it will eventually break out one way or another. Given this long consolidation period and the trend is still up, I suspect it will continue higher going into 2025 and beyond. Central Banks are still net buyers and not selling... and the USD as the reserve currency will continue to come into question. Gold still has strong fundamentals for ownership.
FX:XAUUSD
by FinancialLiberties
XAUUSD ANALYSIS FOR ASIAN SECTION 02/07/2024 The XAU/USD (Gold Spot to US Dollar) pair is currently experiencing a mixed outlook. As of July 2, 2024, gold prices have shown some stability, with the spot price hovering around $2,327 per ounce, reflecting a slight increase from previous levels. Technical Analysis: Support and Resistance Level s : Gold is facing resistance at $2,338 and support around $2,318. If prices break above the resistance, further upward movement could be seen; conversely, a drop below the support level could indicate a bearish trend. Moving Averages: Technical indicators like the EMA (Exponential Moving Average) suggest a bearish sentiment in the short term, as the EMA 34 is crossing below the EMA 89. Market Sentiment: The overall market sentiment is cautious, with investors waiting for further economic data and potential catalysts to drive significant movement in gold prices. Economic Factors: US Dollar Strength: The strength of the US Dollar is a crucial factor influencing gold prices. A stronger dollar tends to put downward pressure on gold. Global Economic Indicators: Upcoming economic events, such as the ECB Forum on Central Banking and speeches by central bank officials, are likely to impact market sentiment and gold prices. Given the current analysis, it's advisable to monitor these key levels and economic indicators closely to better anticipate potential movements in the XAU/USD pair For asian section we are anticipating a bearish reversal ENTRY: 2332.50 TP 2329 TP2 2327 TP3 2324 TP4 2321 SL 2339 LIKE FOLLOW AND BOOST US FOR MORE ANALYSIS SIGNALS NEWS
OANDA:XAUUSDShort
by realmillionairefx
1
EUR/USD No directionEUR/USD No direction Last week, the EUR/USD pair showed little movement in either direction, remaining relatively flat. This period of stagnation is reflective of several underlying factors affecting the currency market. Let’s delve into the key elements influencing the EUR/USD pair at this juncture. Technical Analysis From a technical perspective, the EUR/USD pair is under downward pressure. Various technical indicators are signaling potential declines, which is corroborated by the Commitments of Traders (COT) data. The COT report shows that 51.23% of fund positions are short, indicating a bearish sentiment among institutional traders. Retail Sentiment Retail investors, on the other hand, hold 55% of their positions long, suggesting a moderately optimistic outlook from the individual investor segment. This divergence in sentiment between institutional and retail investors often points to upcoming volatility, as differing expectations could lead to sharp movements when one group decides to realign with the other. Seasonal Factors Seasonally, we are in an interesting period. The first week of July is typically weak for the EUR/USD pair, but historical trends suggest that the rest of the month tends to be more favorable, with potential for upward movement. This pattern provides a mixed outlook for traders who may be trying to balance short-term caution with medium-term optimism. Geopolitical Uncertainty Adding to the uncertainty is the political situation in Europe, particularly in France. The first round of early parliamentary elections has resulted in a victory for the right-wing National Rally, yet the final outcome will not be determined until next week. This ongoing political uncertainty is likely to weigh on the euro, contributing to the pair's subdued performance. Macroeconomic Events Several key macroeconomic events in the upcoming week could significantly impact the EUR/USD pair: Tuesday: Federal Reserve Chair Jerome Powell is scheduled to speak. Recent statements from Fed officials suggest Powell may adopt a hawkish stance. Wednesday: The release of the ISM Services PMI for June and the FOMC Minutes. These reports will provide insights into the economic outlook and future monetary policy directions. Friday: The Non-Farm Payrolls data will be eagerly watched by the market. The results could influence short-term economic expectations and future decisions by the Federal Reserve. Additionally, preliminary inflation data from the European Union will be released on Tuesday, which could further impact the euro's performance. The EUR/USD pair is currently in a state of flux, with various factors pulling it in different directions. The lack of significant movement last week suggests that traders are waiting for clearer signals from both technical indicators and upcoming macroeconomic events. The political uncertainty in France adds another layer of complexity to the situation. Given the current landscape, it seems unlikely that we will see major fireworks from the EUR/USD pair in the immediate future. However, as the month progresses and more data becomes available, we may gain a clearer picture of the direction this pair is likely to take. Investors should stay vigilant and be prepared for potential volatility as these events unfold. Feel free to comment and share your opinions on the future of the EUR/USD.
by InvestMate
8
xauusd analysis for the day 1/07/2024xauusd is following a neutral pattern for the day before European market opening. we will provide major support and resistance for the recent market scenario. a further update will be given based on market momentum changes, right now xauusd is following a ranging market. Support 2321 2314 2306 2297 2288 2282 Resistance 2332 2337 2347 2362 2378 2396 these support and resistance can be used as bullish and bearish targets for your trades, PLEASE BOOST US LIKE AND SHARE US SO THAT WE WILL BE MOTIVATED TO GIVE MORE UPDATES.
OANDA:XAUUSD
by realmillionairefx
USD firm with decision from FedMarkets are awaiting a release of crucial US Final GDP data today, which is expected to tick up from an annualized rate of 1.3% to 1.4%. A meaningfully higher or lower number might change expectations of when the Fed will begin rate cuts. According to the CME FedWatch tool, the next rate hike is expected in September this year. In the Forex market, the Australian Dollar is the strongest major currency since the Tokyo open, while the US Dollar is the weakest. However, it is worth noting that the US Dollar remains within a valid long-term bullish trend. US New Home Sales data came in just a fraction below expectations yesterday. The Governor of the Bank of England will be holding a press conference about the Financial Stability Report today. There will be releases of Unemployment Claims and Pending Home Sales later today in the USA. The USD price is still on the rise and solid when information about future bond interest rates increases. However, we do not rule out the case that the Fed will reduce inflation to stimulate employment and strengthen the economy. international
TVC:DXYLong
by MrTrongVo
DXY - Daily start of bullish legThe Dollar Index (DXY) has experienced two significant bullish legs followed by pullbacks. Currently, it is at the end of the most recent pullback. Notably, the falling momentum appears to be weakening, as evidenced by the shorter and less intense downward legs during the pullback phases. This weakening momentum suggests that the bearish pressure may be subsiding, and the DXY could be preparing for another upward movement. As illustrated on the chart, the previous pullbacks were marked by substantial declines. However, the current pullback is characterized by weaker downward legs, indicating a potential shift in market sentiment. This could lead to the DXY resuming its bullish trend if it manages to break above the recent resistance levels. Traders should closely monitor the price action for confirmation of a reversal, which would be supported by stronger bullish legs and the continuation of the uptrend.
TVC:DXYLong
by Sober_Trading
2
US Dollar Index (DXY) Outlook ICT Concepts💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on DXY , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 📊 Using DXY as an Indicator for Trading Decisions The DXY ( US Dollar Index ) can be a valuable indicator for guiding trading decisions. Traditionally, the EUR/USD and DXY exhibit an inverse relationship. When the US Dollar strengthens, EUR/USD tends to weaken, and vice versa. This inverse correlation is rooted in the fact that the Euro represents the alternative currency in the pair. 📈 Analyzing Price Action Since the Start of June In June, significant price action unfolded. The market swept the previous month's low ( PML ) and broke its structure decisively, initiating a bullish movement. The key confirmation of the bullish momentum was the strong hold of the Inversion Fair Value Gap ( IFVG ). 🔄 Current Market Developments Currently, the market has surpassed the previous week's high ( PWH ) and established an Equal High ( EQH ). We are now approaching the significant resistance level of the previous month's high ( PMH ). 📉 Internal Levels and Price Reactions Below the price chart, a Volume Imbalance ( VI ) emerged, triggering a reaction marked by a wick before the market approached the PWH . There's potential for price to revisit this VI , along with addressing the Fair Value Gaps ( FVG ) and Order Block ( OB ) formed in that area. 📈 Forecast and Strategic Considerations Looking ahead, there's an expectation for further upward movement, targeting the EQH and PMH . Subsequently, a new bearish phase might unfold. For any bullish positions, it's crucial to wait for the absorption of sell-side liquidity before considering entry. 🙏 Thank you for joining us! Exploring DXY today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
TVC:DXY
by RealArmin
Dollar Index (DXY): Bullish Trend Continuation Pattern I see a nice bullish pattern on an hourly time frame on Dollar Index. After the price set a new higher high, the market started a correctional movement within the expanding channel. Such a channel is called a bullish flag pattern. Bullish breakout of the resistance of the flag is a strong bullish trend-following signal that indicates the strength of the buyers. With a high probability, the market will keep growing. Next resistance - 106.25 ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
1