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BluetonaFX - DYX Focus now on US Dollar with FOMCHi Traders! With the FOMC Minutes Meeting later today, traders will be eagerly awaiting their latest stance on the inflation issues in the US. The dollar index is near its 6-week resistance level of 103.572, and looking at the price action on the chart, it looks bullish; however, there are signs of a possible reversal. The market is currently in an ascending price channel with higher highs and higher lows, and to continue this, the 103.572 resistance level must be broken. If there is a break above 103.572, then we have another resistance level at 104.714, which is the May 2023 high. If 103.572 does not hold, the chart pattern will turn into a double top pattern, which is a reversal, and there is support at 101.921. Further down, there is another support level at 99.578. Please remember to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
TVC:DXY
by BluetonaFX
2
DXY Dollar Index The Dollar Index (DXY) is presently situated at the upper boundary of a trading channel, accompanied by several concurring factors that suggest potential selling opportunities. These include the possibility of encountering resistance near the range of 103.380 to 103.450, aligning with a notable rejection point. Furthermore, there is the presence of the -0.618 bullish Fibonacci target, potential rejection candlestick formations on the hourly chart, contact with the 200-day moving average, interaction with a descending trend line stemming from November 2022, and the impending trading session tomorrow, which adds another layer of convergence to the analysis.
TVC:DXYShort
by ChartStrategist
Looking 2 weeks out / EurusdThe Weekly candle last friday closed below 1.1024. After today July 31st, we can also observe the monthly candle just closed below 1.1024. The monthly candle left a very large top wick but ultimately closed below 1.1024. 1.1024 is our May Monthly resistance zone as well as our weekly resistance zone. The market has now confirmed a fakeout on the Daily timefrmae and has created a resistance with the most recent Daily bearish candle. The Bearish candle retested and rejected the top of the range being 1.1024. I'm anticpating that Eurusd will now head towards the bottom of the range around 1.09 weekly support level and 1.085 daily support level.
Short
by ShrewdCatfx
5
DOLLAR (DXY) ____ ANOTHER BULLISH RALLY Hello Guys, This week might end the dollar bullishness as I speculate that Friday 'could' be the last bull run before the bearish move starts... If you look at the daily chart of the dollar index, you would notice how price was manipulated to get people to sell the dollar only for it to reverse and rally. This rally, however, should continue. It would be nice to see price retrace into the order block and see if price will change from bearish to bullish before continuing the rally. However, due to the manipulation that happened yesterday, there is a chance that price would not retrace to the order block before continuing to rally. Since the dollar is bullish, it simply means that pairs such as AUDUSD, GBPUSD, and NZDUSD would print a bearish candle by the end of Friday while USDCAD & USDCHF would print bullish candles. Follow for more updates like this. Cheers, Jabari
FX:USDOLLARLong
by jabariofafrica
DXY Analysis - Weekly Timeframe (ICT)On the weekly timeframe it is more convincing that the last spike down was a sellside liquidity grab in order to start reaching towards the buyside liquidity, starting with the descending trendline. I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous FVG/iFVG as support before heading higher. If price pushes higher into a weekly Orderblock residing above, then I would consider that the last line of defense before the DXY potentially making new highs. I am excited about the possible setups based on DXY in the near future.
TVC:DXYLong
by Road_2_Funded
2
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
TVC:DXYShort
by ShahedZare
$DXY Dollar Index Can Go ParabolicTraders and Investors, No matter what the media and general consensus say, simply look at the charts and trade what you see. The dollar made a huge sharp move down recently which made the majority think and post about the "Dollar Crash". I saw 1000s of posts on social media including some from institutional analysts. But almost immediately the dollar has recovered and is back at the same level of 102.5. 🙂 This effect has been witnessed in commodities and equity markets. As I write this on Aug 12, 2023, the dollar is showing great strength in the chart pattern formation. The pattern is kind of 75% complete so this analysis post is kind of an early warning. This early warning was sent to private clients a little while ago. This pattern if finds momentum generally ends up in parabolic movement. Having said that there are a few things that we must consider: 1. This is a higher time frame analysis (daily/weekly chart) and picture so it may take its own time. Keep things in perspective. 2. There are 200 sma (daily time frame) along the way (yellow line) that can act as resistance. That is a good barrier to this pattern. 3. There are several levels and zones along the path to the ultimate target around 109-110. Over time DXY may go up and down on the relatively smaller time frames around these zones as a market never goes up in a straight line. Not DXY anyway 🙂 4. There are several gaps that were left unfilled to the upside. DXY usually does not leave any gaps open. There are a few gaps to the downside as well. 5. Watch USDJPY and USDCHF with it. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
CAPITALCOM:DXY
by vikinsa
2
Dollar Index (DXY): Consolidation Continues 💸 Dollar Index in consolidating within a horizontal trading range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 102.85 resistance on a daily, I will expect a bullish continuation to 103.3 area. Bearish Scenarios If the price breaks and closes below 101.35 support, a bearish movement will be expected to 100.6 level. As always, the best strategy to follow is to wait for a breakout. For now, it feels like the market will keep staying within the range though. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
11
DXY possible upside moveTVC:DXY Hey, gettin back after long time but with different strategy I trust more So DXY, when we look into XAUUSD we see bearish trend so thats this idea of DXY upside move one thing goin against is last high is not higher then previous When is entry valid: Fisrt at all I wanna see some 1H low to be formed, low cant go lower than 102.138. If yes trade is invalid. Then i want to see break of highs at 102.400 with candle close above this price. 1H candle would be best but we can go even with 30min If everything go well we enter, SL we can set under 1H low or more risky one, under last 15 min low before break of 102.400 zone. TP is set at last high 102.743. There i would close 80% of positions and if we break that high then we looking for TP2 at 103.482 I will keep u updated about this trade. Have a great week.
TVC:DXYLong
by DaVojto
DXY Outlook 8/6DXY Outlook - DXY is at a bit of a crossroads. on the HTF we have traded into a monthly FVG and have been reacting bullishly off it in recent price. However we have traded into a bearish weekly OB and daily FVG area. Price broke market structure in last weeks trading so at this point I am anticipating short term bearish action. With the most recent bullish daily OB as a potential target, and the mean threshold of the monthly rejection block as a deep discount target. A failed 12H BISI FVG was violated late last week. Looking to take early sells from this area if I see something I like. With CPI on Thursday price action is likely to be slow the majority of the week before energetic liquidity clearing during News.
TVC:DXYShort
by akhena10fx
EUR/USD -Macro Resistance $EUR/USD is about to come in to contact with a Macro Resistance Trendline @ 1.13151$ One must beware and very careful when it comes in to looking for Buying Opportunities when breaking down the technical analysis on smaller time frames. With TVC:DXY reclaiming last week the broken Big Range of 100-105 zone, it appears so that with uptrend continuation of TVC:DXY , Euro tends to bleed. () Not to mention above else, that Fundamentally, Euro-Zone is not looking as promising to support EUR currency against TVC:DXY TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before partaking on any trading activity based solely on this Idea
Short
by Mr_J__fx
DXY Analysis - Short SetupI am under the anticipation that XXXUSD pairs are accumulating and USDXXX are distributing. Based on the current price action of the DXY chart, I am anticipating weakness in the Dollar. This is the setup I have based on DXY, which would have to be translated to respective Forex pairs and/or Commodities, etc. The safest protocol at the moment is to wait for convincing displacement and structure to form before taking the trade. We have CPI and PPI at the end of the week, so I will see how price forms before that. 2 possible scenarios I will be looking for. 1.) DXY creeps up during the week until CPI to my point of interest, then that could be a good signal for this analysis to play out. 2.) DXY creeps down then pumps up during CPI, and then lingers at my point of interest before PPI, then that could also be a good confluence. My only concern is that the DXY wants to continue rallying to take out the higher timeframe trendline liquidity and fill imbalances back at a Premium level. I would be surprised due to the increased hedging by commercials. But, anything is possible! Yours truly, R2F
TVC:DXYShort
by Road_2_Funded