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Dollar

DXY Bullish rallies from 105.200 or 104.400The bias for the dollar is to continue its bullish trend. We have seen a change of character on the higher time frame followed by a break of structure, confirming the upward movement. There are also equal highs above the current price that need to be swept. Due to recent bullish momentum driven by news, the price may be exhausted. At the start of the week, we might see a drop in price as it mitigates a demand zone. Once the price taps into one of these marked demand zones, I expect a bullish reaction. P.S. Once the price moves up, it may react to the 8-hour supply zone, causing a temporary sell-off. However, I won’t be surprised if this zone gets violated due to the liquidity pool sitting above it.
TVC:DXYLong
by Hassan_fx
R2F Weekly Analysis - 15th June 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! I feel like the Dollar Index is primed to move higher. It has so far been acting how I have anticipated, respecting institutional order flow. Let's breakdown what has happening, and my thought process around it. In May, price retraced after a consolidation, engineering equal highs. This bodes well for my bullish outlook. Price bottomed it's retracement on the 7th June 2024. If you check the Dollar futures chart took out buyside liquidity and created an SMT divergence on the DXY chart. Because of this, I am more confident in price not coming down to take out the relative equal lows below. Price expanded from there, and retraced into a weekly wick CE coupled with a daily bullish Orderblock, halting in its tracks and expanding higher again. The sudden drop and equally sudden recover adds additional confluence to my bullish outlook, not because of the "strength" but because of the manipulation of sentiment. Now we are re-entering a previously used weekly SIBI for the potential of using it as an iFVG. We did not close the weekly conventionally higher than the actual iFVG, as I would usually like, but the bullishness of the previous week's candle leaves the idea open of us expanding higher in the coming week with little retracement below it's open, therefore creating a BISI that may or may not be used later. As for targets, first is the previous month's high that is coupled with equal highs. The two other targets are a weekly swing high that goes way back, and a New Week Opening Gap which is deeper into the general liquidity void residing above. If you enjoyed this analysis, leave a like or a comment. If you want to learn how to analyze like this, check out my profile for more videos and information. Happy Trading!
TVC:DXYLong
by Road_2_Funded
DXY - Long Trade Idea (ICT)Hi guys! I feel like the Dollar Index is primed to move higher. It has so far been acting how I have anticipated, respecting institutional order flow. Let's breakdown what has happening, and my thought process around it. In May, price retraced after a consolidation, engineering equal highs. This bodes well for my bullish outlook. Price bottomed it's retracement on the 7th June 2024. If you check the Dollar futures chart took out buyside liquidity and created an SMT divergence on the DXY chart. Because of this, I am more confident in price not coming down to take out the relative equal lows below. Price expanded from there, and retraced into a weekly wick CE coupled with a daily bullish Orderblock, halting in its tracks and expanding higher again. The sudden drop and equally sudden recover adds additional confluence to my bullish outlook, not because of the "strength" but because of the manipulation of sentiment. Now we are re-entering a previously used weekly SIBI for the potential of using it as an iFVG. We did not close the weekly conventionally higher than the actual iFVG, as I would usually like, but the bullishness of the previous week's candle leaves the idea open of us expanding higher in the coming week with little retracement below it's open, therefore creating a BISI that may or may not be used later. As for targets, first is the previous month's high that is coupled with equal highs. The two other targets are a weekly swing high that goes way back, and a New Week Opening Gap which is deeper into the general liquidity void residing above. If you enjoyed this analysis, leave a like or a comment. If you want to learn how to analyze like this, check out my profile for more videos and information. Happy Trading! - R2F
TVC:DXYLong
by Road_2_Funded
Stocks Good. Crypto Meh. And I Am Pulling My Stops.Traders, Market makers continue to torture crypto longs but their time is growing short. The U.S. stock market continues to press higher, led by mega-corp giants like NVidia. It is simply a matter of time before crypto follows. In the meantime though, I am tired of playing this game with MMs. For the first time since creating my public portfolio, I've decided to pull out all of the stops on my long entries. I am going to pop a few cold ones and chill for the weekend. I just don't want to play that game anymore. But please. Don't take any of this as financial advice per usual. You do you. I am only here to entertain you all with my poor choices.
AMEX:SPYLong
by stewdamus
AUD/USD: Potential swing trade long setupAUD posted a strong rally of 5% from the April low, before 67c capped as resistance. A choppy rage has since formed between 66c-67c, although it could also be a bull flag in the making. Whilst we wait for it to decide which of the two it is, we're looking at a cheeky swing trade long idea heading into the weekend. The 1-hour chart shows a strong rally from US CPI, and recent prices action has retraced against that move. Prices are stabilising around the 20-day EMA, so perhaps it is close to a swing low. The bias is bullish whilst prices hold above the monthly pivot point (0.6610), but tighter risk management could be used if momentum turns higher (such as the recent swing lows). The initial target is near the upper 1-day implied volatility band of 0.6657.
Long
by CityIndex
USDCAD MOVED AS PREDICTEDOn Monday, I was confident that USDCAD was set for a bullish move. All indicators pointed towards an upcoming surge in momentum. I just needed to wait for another bullish flag to form, which it began to do. But then the CPI report came out, disrupting everything and wrecking the market structure. As usual, after such news, the price tried to revert to its original direction. Eventually, I spotted a double bottom—a perfect signal to execute the trade.
Long
by fasthandfx
1
Bearish on DXYThis week we have CPI and US Fed funds rate announcements. Most probably we don't get a rate cut for now (as the market expects). However, I think this week the announcements are coming out with a more dovish tone. Let's see what happens . . . If the CPI number come out lower or equal to the expectations and the Fed Chair Powell signals 1 or 2 rate cuts for this year. I believe we can expect the yellow scenario. Otherwise, we can expect the red scenario happens in short term.
TVC:US10YShort
by SamanFx0
xauusd analysisOn last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅ BULLISH: 2335 ✅✅✅ 2343 ✅✅✅ 2347 ✅✅✅ 2355 ✅✅✅ 2367 ✅✅✅ 2376 ✅✅✅ 2398 BEARISH; 2321 ✅✅✅ 2312 ✅✅✅ 2298 ✅✅✅ 2287 ✅✅✅ 2282 our analysis for monday june 10 2024 as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on friday a possible retracement can be elicited out. if the support area from 2288-2282 is not breached then xauusd will fly back to 2333 area where it has major resistance minor resistance are present in 2304 2315 2321 more updates will be posted soon. please like share and follow us for more market related updates
OANDA:XAUUSDLong
by realmillionairefx
EUR/USD Short Opportunity: Riding Downside MomentumThe EUR/USD pair is poised for a potential downside move as key technical and fundamental factors align. Here's my analysis: Target Projection: With a clear break of 1.06, the EUR/USD could aim to take out the previous year's low, currently at 1.0450, and head straight for the level of 1.0377. This breakdown suggests that sellers are gaining control and may drive the pair lower. This downside target aligns with the bearish momentum and could be achieved by the end of May or leading into June. Due to possible Eurozone interest rate cuts. Short Positions: I've initiated short positions at 1.0802 and 1.0720 , anticipating the downward move. These positions provide an opportunity to capitalize on the expected decline in the EUR/USD pair. Rising US Bond Yields: The forecasted rapid increase in US bond yields adds further pressure on the EUR/USD pair. Higher yields attract capital flows into the US dollar, strengthening it against other currencies, including the euro. Potential Interest Rate Hikes: Concerns over rising inflation data could prompt the Federal Reserve to consider interest rate hikes later in the year. Such actions would likely support the US dollar and weigh on the EUR/USD exchange rate. Entry: Consider adding to short positions on any retracements towards resistance levels, but maintain a focus on the downside bias. Stop Loss: Set a stop loss above the recent swing high, 1.0813, or a key resistance level to manage risk effectively. Take Profit: Target the projected downside level of 1.0377, but consider adjusting the target based on evolving market conditions and price action.
Short
by mackmackeyy