DXY
DXY Week of 23 Feb 25: BullishFollowing the previous post, 24 Feb 25 may be the start of the bullish rally for DXY.
Possible Wyckoff Re-accumulation pattern
Falling Wedge hints bullish reversal
Liquidity Zone established
Plan to Long DXY and target for recent high, and stop loss at recent low. About 2.45 Reward:Risk Ratio
EUR/USD Market Analysis – Bearish Reversal from Key ResistanceThe EUR/USD pair has formed a bearish Bat harmonic pattern , completing near the 0.886 Fibonacci retracement level. Price action has reacted strongly at this resistance, indicating a potential reversal. The first target (T1) is around 1.0394 , while the second target (T2) is near 1.0325 , aligning with key Fibonacci levels. If the resistance holds, a bearish move towards these targets is likely. However, a sustained break above the high may invalidate the bearish setup. Traders should monitor price action closely for confirmation.
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
The EUR/USD pair is moving within an ascending channel and is currently testing the bottom of the channel. After some consolidation in this support zone, the price is expected to move toward the top of the channel.
What’s your outlook? Will EUR/USD move toward the channel’s top?
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DOLLAR INDEX (DXY): One More Bearish Movement
Dollar Index keeps updating the lows on a daily.
With a strong bearish movement, the price violated a key horizontal support yesterday.
Probabilities are high that the market will continue falling.
Next support - 106.15
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DOLLAR INDEX (DXY) – NEXT WEEK’S TRADE PERSPECTIVEDOLLAR INDEX (DXY) – NEXT WEEK’S TRADE PERSPECTIVE
Heading into next week, keep an eye on the upper zone around 108 and the 106 area. The DXY could make a short-term bounce toward 108, then continue its primary downtrend, aiming for 106.
Looking further down, starting around March, DXY is likely to trade below the 103 handle, indicating extended downside pressure.
AUD/USD Triangle Breakout (19.2.25)The AUD/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.6391
2nd Resistance – 0.6404
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Gold NEW ATH to $2,954?! (1H UPDATE)Gold on the 4H TF is within its final Wave 5 bullish move, there’s no arguing with that. The only thing to debate is how high can Wave 5 push up before reversing?
While it’s possible that Wave 5 has now peaked at $2,942 & ready for a major correction, on the 1H TF I see a small possibly of it creating a new ATH toward $2,954. HIGH RISK TRADE.
Confluences👇🏻
⭕️Distribution Schematic Taking Place Between Wave 3 High, Wave 4 Low & Wave 5 High.
⭕️Wave E Rejected From Psychological Number Of $2,940 (LQ Trap).
⭕️No Strong Sell Off Yet To Indicate A Reversal Has Started.
DXY – Key Level Broken, More Downside Ahead?Hello Folks , Long time no see .
The US Dollar Index (DXY) just broke below 106.5, and things are getting interesting. The trend has been weakening, and price is now sitting at a crucial zone.
📌 Here’s what I’m watching:
107.66 is the big resistance. If price can reclaim it, bulls might have a chance.
105.48 & 104.46 are the next major support levels.
👀 My Take:
If we stay below 106.5, I expect more downside towards 105.4 and maybe 103.3. If price bounces and reclaims 107, I’ll reconsider.
What’s your view? More downside or a bounce coming? Drop your thoughts below! 🚀🔥
🚨 Disclaimer:
Just sharing ideas here—this isn’t a trade advice . Everyone sees the market differently, and the goal is to improve our analysis, not tell anyone what to do. At the end of the day, your trades are your call, your responsibility. Trade smart! 🚀📊
Daily DXY The US Dollar Index (DXY) is currently indicating the likely direction after closing below 106.965. I anticipate a move back to the 107.200-250 range before continuing its bearish swing. Several confluences support this, including the reversal point, an ascending trendline, a descending trendline, a rejection candlestick, the daily 0.382 Fibonacci level, the 4-hour 0.5 Fibonacci level, and a 4-hour order block. My target for the DXY is 106.083. As for gold, it has reached a new all-time high of 2954.944. I expect a pullback before it heads higher, potentially towards the 3000 level.
4hr DXY Chart
1hr DXY Chart
30m Gold Chart
DXY Is Very Bearish! Short!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 106.963.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.002 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Short swing trade set up developingI can see a good short trade opportunity developing.
1)The price sharply dropped below the major support/resistance zone around 107 area and retraced up gently within the ascending parallel channel to fill the fair value gap.
2)The current 4H candle is moving below the bottom parallel channel. (developing)
3) MACD is in the bear zone and it looks like it is about to cross to the downside (but not confirmed).
4) RSI is also in the bear zone and it is starting to cross to the downside.
GOLD Set to make new Highs before the week ClosesI was looking for a bigger pullback but we didnt get it. The way price is moving and based on the FOMC news I think the pull back is over and price is ready to continue bullish. We just came into the killzone and things look like they are lining up. Trailing stop along the way.
EUR/USD Wedge Breakout (17.2.25)The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.0413
2nd Support – 1.0375
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Trade Idea for U.S. Dollar Index (DXY) – Feb 19, 2025📌 Current Market Context
DXY is trading at 107.023 , slightly above the 61.8% Fibonacci retracement level (106.344).
This level is a key golden ratio support, where strong reversals often happen.
The uptrend from Sept 2024 suggests that bulls are still in control unless this retracement turns into a full reversal.
📈 Bullish Trade Idea (Buy Setup)
✅ Entry: Look for bullish price action (rejection wicks, engulfing candles, or a strong bounce) near 106.344 - 106.500 .
🎯 Targets:
Target 1 : 108.035 (78.6% Fib)
Target 2 : 110.189 (previous high)
📍 Stop-Loss: Below 105.800 (just under 61.8% retracement to avoid stop hunts).
📊 Risk/Reward: ~1:2 or better.
📉 Bearish Trade Idea (Sell Setup)
❌ Trigger: If DXY closes below 106.344 on a daily candle , it could signal further downside.
📉 Entry: Sell below 106.200 after confirmation.
🎯 Targets:
Target 1 : 105.156 (50% Fib)
Target 2 : 103.968 (38.2% Fib)
📍 Stop-Loss: Above 107.000 (to avoid fakeouts).
📊 Risk/Reward: 1:2 minimum.
🛠️ Risk Management Notes
Watch for fundamental news (FOMC, inflation data, rate decisions) that could cause volatility.
Use partial take profits to secure gains along the way.
If entering a buy trade, consider trailing stops once price reaches 108.035.
Daily Market Outlook: BTC, DXY & Gold – Key Trade Setups (#5)The market still seems indecisive , but I’m here to find the best trade triggers for BTC and Forex. Let’s break it down.
📊 DXY – Breaking Key Support
DXY has entered a corrective phase after breaking below the 107.335 support.
🔹 Key Support Levels:
105.656 (Aligned with the 30% Fibonacci retracement)
103.367 (Aligned with the 60% Fibonacci retracement)
💡 106.602 could act as a short-term support, and if it breaks, it might be time to focus on USD pairs for potential setups.
🟡 XAU/USD (Gold) – Retesting ATH?
Gold rejected its all-time high at 2937.91 and now seems to be retesting this major resistance.
📊 What’s happening?
Gold is still in an uptrend, but momentum is fading.
Smaller bullish candles vs. larger bearish candles indicate possible exhaustion.
A correction could be healthy, but shorting remains risky in an uptrend.
📌 Trade Triggers:
✅ Long Entry: After a confirmed breakout above 2940
❌ Short Entry: Below 2879.74 (High risk due to trend direction)
📉 BTC – 95K Support Breaking?
BTC is attempting to break below the 95K support. If this level is lost, we could see a move toward 92K, 85K, and even 82K.
📌 Strategy:
✅ Short Trigger (Activated): 95245 (Yesterday’s signal)
✅ If You Missed It: Wait for a pullback or a new structure before entering.
Final Thoughts
⚠ This is a highly volatile market – avoid chasing trades and wait for confirmations.
⚠ If you’re not using risk management, these setups may not be suitable for you.
I’m Skeptic , see you tomorrow with another market breakdown! <3
Gold XAUUSD Intra-day Move 18.02.2025📊 Market Structure & Price Action Analysis:
Key Support Zone: $2,903 - $2,906 (buy zone)
Key Resistance Target: $2,921 - $2,927
Liquidity Grab: Possible fakeouts below $2,903 before a bounce.
Trend Bias: Short-term bullish momentum, expecting a bounce off support.
📈 Intraday Scalping Trade Setup:
✅ Buy Entry: $2,903 - $2,906 (Look for price reaction confirmation)
🎯 Take Profit (TP1): $2,915
🎯 Take Profit (TP2): $2,921 - $2,924 (Partial close & trail stop)
🛑 Stop Loss (SL): Below $2,898 (Tight SL for quick exit)
⚖ Risk-Reward Ratio: 1:2 to 1:3
🕵 Scalping Confirmation Checklist:
✅ Bullish Rejection Wicks at $2,903 - $2,906
✅ Increased Volume on the bounce
✅ Break & Retest of minor intraday resistance
✅ Monitor Order Flow for buy-side momentum
⚠ Risk Management:
Exit Quickly if price fails to hold above $2,903
Move SL to Breakeven once TP1 is hit
Avoid Chasing Entries if price already starts moving up
📌 Scalping Tip: Use smaller lot sizes with quick execution to secure profits efficiently.
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