Dollar Index Chart Analysis....
In this situation, DXY chart creates ab=cd Pattern. So,if a breakout market 101:000 support level is then market sell to the nearest 100.800 and 100.230 support levels. If breakout 101.700 resistance level is, then the market will go up 102 resistance level.
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Dollarindex
Dixie might be primed for a bounceGreetings everyone,
There could be a temporary shift in macroeconomic conditions, as the dollar potentially strengthens. If this happens, it is likely that there will be downward pressure on stocks, cryptocurrency, and other high-risk assets.
I advise you to be cautious and maintain sufficient liquidity in such circumstances to ensure your financial safety.
Looking for this potential set up when market opens back uphey guys, What a Week its been! we've been dominating the forex markets!!
here i'm seeing a lot of confluence with usd/cad we can see price coming down to major support area with Block Flow and confluence of the Daily Trend Line
Disclaimer - past profits don't guarantee future results, trading is risky! Information is shared for educational and demo purposes!!
Will Keep the Entry Pending... into early next week, if we don't activate by tuesday the 9th we will Cancel entry
DOLLAR INDEX - FUNDAMENTAL ANALYSISAn extended period of U.S. dollar depreciation is approaching.
The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
DXY Dollar Index Technical Analysis and Trade IdeaIn this video we look at the #DXY dollar index and analyse its potential trend reversal. The daily timeframe shows a pattern of higher lows and highs, with a clear formation of a bottoming structure. Throughout the video, we will discuss the current market conditions, including price action, market structure, and the trend, and identify a potential swing trade opportunity for the upcoming week. It's important to note that the information presented in this video reflects only my personal opinion and should not be considered as financial advice.
USD MASSIVE RALLY UPCOMINGThe FX:USDOLLAR has entered a strong daily demand zone and as you can see as marked on my chart, I have marked a buy-side liquidity pool which the market is meant to sweep. Also, there is a weekly fair value gap (FVG) or liquidity void which just sits above the daily buy-side liquidity pool. This should attract price to reach for these key opportunities. This is why I am expecting the dollar(USD) to print strong bullish candles.
What do you guys think, is it going to dip just below the daily demand zone or it will respect the zone and rally?
I would be dropping USD pairs that I am monitoring... SO STAY TUNED!!!
You can also check out my other trade ideas below.
NZDCAD
AUDJPY
CADJPY
Cheers,
David
$DXY Latest Analysis #DXY #USDOLLARTraders and Investors,
It is still consolidating. I tried to go higher in the last week of the last month but failed to keep the breakout. There is a double bottom below which can target liquidity but trade what you see. It may or may not happen. Below this, we have 100 as the psychological level. A possible W pattern is also forming. It is not confirmed yet and is just a scenario (possibility) for now to consider. The higher time frame levels are there on the chart.
Please check USDCHF and USDJPY analysis too as they can give strength to DXY.
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GBP USD - FUNDAMENTAL ANALYSISAn extended period of U.S. dollar depreciation is approaching.
The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
DOLLAR INDEX - FUNDAMENTAL DRIVERSAn extended period of U.S. dollar depreciation is approaching.
The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
Still looking to short DollarThe dollar is experiencing fundamental weakness due to its data, with yuan transactions surpassing it for the first time. The GDP was worse than anticipated, causing concerns of an impending recession. Today's core PCE data, a crucial inflation indicator, could potentially alter the trajectory of the dollar, therefore, be cautious.
From a technical standpoint, I am searching for a trend rejection.