US INDEX (DXY) TIME TO BUY !!!HELLO TRADERS
As i can see this chart created a harmonic pattren and it crystal clear showing the levels till it hold above our design Stop Loss Trade War Talks and NFP results with slowing down the inflation shows us that $ will recover from this zone if not break SL make a proper research befor taking any trade we appriciate your cooments and support us Stay Tuned for more updates ...
Dollar
DXY (Dollar index) Shorts from 1hr supply zone My general outlook on the DXY this week leans bearish, as I expect price to continue trending lower. I’ve identified a nearby 1H supply zone, where we could see price react and begin pushing lower. There is also a larger supply zone further above, but it’s currently out of reach unless price pulls back significantly.
Looking back, the 2-day demand zone I marked over a week ago has played out well, with a strong bullish reaction from that level — price is still rising from that zone. During this move, a new 11H demand zone has formed, which also led to a change of character to the upside. If price revisits that zone, we may see another bullish continuation from there.
Key Points:
Overall bearish trend expected to continue in the short term.
1H supply zone nearby is a potential trigger point for a sell-off.
2D demand zone previously marked is still holding and influencing price.
11H demand zone has caused a bullish shift and could provide another long opportunity if price returns.
P.S. This is my general DXY outlook for the week. I don’t trade the dollar directly, but I use it as a key confluence when analysing and executing trades across other major pairs.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59650 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59650 support and resistance area.
Trade safe, Joe.
Dollar Outlook Ahead of Jobs ReportThe dollar index is attempting a comeback, but the 100.20–100.50 zone has so far formed a strong resistance. Today’s jobs report will be key for determining the short-term direction.
Nonfarm payrolls are expected to rise by 138k. This could be the last relatively strong report before the effects of tariffs begin to weigh on the labor market. Leading indicators already show significant pressure on trade and transportation employment, though the full impact is likely to emerge in future reports. Still, we may see early signs of softness today.
As the economy comes out of winter, there could be some temporary strength in weather-sensitive sectors. Overall, I expect a slight beat in today’s nonfarm payrolls data. If unemployment also holds at 4.2%, the dollar could respond positively. Positive reaction to the payrolls data usually do not pass around 1% gains.
An interesting detail: TVC:DXY has risen after each of the last eight jobs reports, regardless of whether the data was strong or weak. That trend might end today, though, as the dollar is no longer in an established uptrend.
If the 100.20–100.50 resistance zone breaks, the dollar could climb toward 101.50 in the coming days. However, the broader outlook remains negative.
Please check our longer-term analysis here:
Why Has the USD Been Falling?Dollar has lost value against many currencies since January. Why is that?
The Dollar’s decline didn’t start with the recent ‘Liberation Day’ tariffs. In fact, it has been gradually weakening since the 1970s.
U.S. Treasury Futures & Options
Ticker: 6E
Minimum fluctuation:
0.000050 per Euro increment = $6.25
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Lows Swept! Now we should get Bullish action on Gold!Waited for price to sweep lows before looking for areas to buy. We got that sweep and its now the end of the week. We have been bearish all week. I'm not sure if it will go full on bullish cause we are in a new month and its Friday. They might just move sideways and wait for next week to push. We will take what we can get.
GBPUSD is Forming a Weekly Double Top!!!Hey Traders!
In today's session, we're closely watching GBPUSD for a potential short setup around the 1.34200 level.
The pair is currently forming a double top pattern on the weekly timeframe, a classic reversal signal. Price action is showing signs of rejection at the neckline, suggesting possible downside momentum from this key resistance zone.
Trade safe, Joe.
IMP update for all Forex Traders Expect the Dollar Index (DXY) to appreciate in the near future. However, a further decline into the green highlighted region is possible before this upward movement. The green zone represents a potential key reversal area. Monitor the following currency pairs for trading opportunities if the DXY begins to climb:
BUY - USDCAD, USDCHF, USDSGD;
SELL - EURUSD, GBPUSD
Gold Spot (XAU/USD) Bullish Setup: Buy Zone to Target Levels Gold Spot (XAU/USD) on the 1-hour timeframe. Key points:
Support Zone: Strong support is identified in the yellow zone around 3,290–3,293, where price has bounced multiple times.
Buy Zone: Market is currently in a potential buy zone just above support, signaling a possible long entry.
Targets:
1st target: Around 3,368
2nd target: Around 3,419
All-Time High: Marked as a potential long-term resistance above 3,500.
Outlook: If price respects the support and buy zone, the market may rally toward the 1st and 2nd targets. Watch for bullish confirmation before entering.
EURUSD is Switching to a Bearish Trend!Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.14200 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.14200 support and resistance area.
Trade safe, Joe.
GBPUSD SELL NOW BUY LATER!Our previous idea played out perfectly once again! Currently, GBPUSD is showing signs of a pullback within a mini bearish trend. However, I still believe the overall structure remains bullish. I'll be watching for buying opportunities once this pullback completes. Stay patient and wait for confirmation!
Heading into pullback resistance?US Dollar Index (DXY) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 100.27
1st Support: 98.32
1st Resistance: 101.77
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Price Action + Fundamentals Point to Dollar StrengthThe current market environment presents compelling evidence for a bullish move in the US Dollar Index (DXY). While some patience is required, the setup is increasingly favorable for the dollar to appreciate in the coming weeks and months.
Key Factors Supporting a Bullish Move:
Monthly Close Above 100.160:
A critical technical level to monitor is the monthly close above 100.160. If achieved, it would signal a strong bullish breakout, setting the stage for a continuation higher. Given current price action and market dynamics, this scenario looks highly probable. However, if the price fails to close above 100.160 and instead breaks below it, we could potentially start looking for short opportunities.
Bond Market Strength (30Y, 10Y, 5Y):
This past week, we witnessed notable strength across the US bond market. Yields declined as prices rose, typically a positive signal for the dollar as it reflects capital inflows into US assets.
COT Report Insights:
The Commitment of Traders (COT) report reveals a critical shift: commercial traders, often considered the "smart money," are beginning to accumulate long positions in the dollar. This change in positioning historically precedes significant bullish moves.
Seasonal Patterns:
Seasonality also favors the dollar during this period. Historically, the dollar tends to strengthen in the mid-year months, aligning perfectly with the current technical and fundamental landscape.
Targets:
Initial Target: 106.120
Given the accumulation signs and supportive macro backdrop, a move towards 106.120 seems very realistic.
Is this the start of a massive dollar rally? Learn how .Price action (falling wedge breakout)
Institutional concept (BOS – Break of Structure, 78.6% Fibonacci retracement entry zone)
Liquidity zones (4H LQ and key levels marked in green)
Higher targets (institutional supply zones highlighted in cream boxes around 104-107)
EURUSD: Detailed Support & Resistance Analysis 🇪🇺🇺🇸
Here is my latest support and resistance analysis for EURUSD
for next week.
Consider these structures for pullback/breakout trading.
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DXY BEARISH BIAS|SHORT|
✅DXY is trading in a downtrend
And the index is making a local
Bullish correction so after the
Resistance is hit around 100.500
We will be expecting a local
Bearish correction
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.