DXY Bullish Breakout – USD Strengthening Towards 120+?📊 DXY (U.S. Dollar Index) Monthly Chart Analysis 🚀
📈 Breakout in Progress:
The chart shows a breakout from a horizontal resistance zone (previous highs). This signals bullish momentum.
📊 Trend & Structure:
Higher Lows & Higher Highs indicate an uptrend.
Price has been moving within an ascending channel for years.
📉 EMA 200 Support:
The 200-month EMA (95.63) is well below the current price, acting as a strong long-term support level.
🔮 Future Projection:
A potential pullback to confirm support, followed by a strong bullish move toward 120-125 levels.
Chart Projection Suggests: 🚀 Upside continuation if support holds.
🔥 Key Levels to Watch:
✅ Support: 104-108 (Breakout retest zone)
🎯 Target: 116-124 (Upper trendline)
💡 Conclusion: Bullish bias remains strong. If DXY holds above 108, the dollar could gain more strength in 2025. 🚀📊
DXY
EURUSD 0140 Reversal Swing Trade Setup BULLS strong upside🔸Hello traders, let's review the 4 hour chart for EURUSD. Weekly open gapped down so expecting more losses in this market before potential reversal off the lows on Wednesday/Thursday this week.
🔸Revised/updated outlook point C is 1.13 extension at 0140, other points include X at 0595, point A at 0220, point B at 0510, point D/PRZ at 0700.
🔸Currently most points validated, point C/PRZ still pending 0140, so traders should wait until we hit C before buying.
🔸Recommended strategy for EURUSD traders: wait for pullback/correction
to complete at point C near 0140, buy/hold, SL 60 pips, TP1 +200 pips TP2
+400 pips Final exit TP at 0700. BUY/HOLD at point C/PRZ at 0140. swing trade setup. only invalidated if we break below 0140 on high volume. good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Levels discussed during livestream 3rd Feb 20253rd Feb 2025
DXY: If price stays above 109.30, could see it trade up to 110, beyond that 111
NZDUSD: Sell 0.5530 SL 25 TP 60
AUDUSD: Sell 0.6080 SL 30 TP 80
GBPUSD: Sell 1.2230 SL 40 TP 120 (hesitation at 1.2164)
EURUSD: Sell 1.0160 SL 50 TP 150
USDJPY: Buy 156 SL 35 TP 70
EURJPY: Sell 159.40 SL 50 TP 100
GBPJPY: Sell 191.70 SL 50 TP 110
USDCHF: Wait and look for reaction at 0.92 resistance level
USDCAD: Sell 1.4655 SL 50 TP 100
XAUUSD: Look for reaction at 2790 resistance (break upwards to 2812 on recessionary/reinflation/trade war fear) or reject down on DXY strength (inverse relationship)
Market Forecast UPDATES! Tuesday, Feb 4thIn this video, we will update the forecasts for the following markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
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All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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GOLD Setting up for a nice run!Now that we are in a new week and new month it looks like its setting up for a big move. Just have to wait for the killzones for a solid entry. I just need to see it fill in some gaps. Waiting for the Asian range but it looks like it might be bearish until the London session. For London we could see a sweep and then aggressive push to go bullish. We just have to wait and see.
GOLD → The trend is not broken, gold could go even higherFX:XAUUSD continues to strengthen after a small correction. There is a zone of interest ahead and the price may form a correction to the support before it starts to storm ATH
Gold is rising due to the growing risks on the background of the tariff war started by Trump. Despite the risks posed by the US residents as well, he is willing to continue to do so. In addition, his comment about the Fed, “The Fed made the right decision last week to hold off on cutting rates” gave aggressive support to the dollar, but that didn't break gold, which is heading for the highs. The trend is not broken and interest in the metal due to growing risks is also growing. The focus is on US and Chinese economic data as well as Fed statements.
Technically, the support in the form of the previous ATH - 2790 plays a key role and gold may test this area once again before continuing its growth. But, in the short term, it is worth keeping an eye on 2800.
Support levels: 2795, 2790
Resistance levels: 2802, 2808
There may be a small correction from 2802 or from 0.7-0.79 fibo before the price decides to storm this area again to consolidate above the support before rising further.
Regards R. Linda!
USDCAD Bullish Continuation (Is the gap getting filled?)USDCAD price seems to exhibit signs of overall bullish momentum as the price action may form a credible Higher Low on key Fibonacci and Support levels.
Trade Plan :
Entry @ 1.44700
Stop Loss @ 1.42000
TP 1 @ 1.47632
TP 2 @ 1.50494
Move Stop Loss to Break Even if TP1 hits.
XAUUSD → Since the trend is still intact, gold may rise evekeeps getting stronger following a minor adjustment. A zone of interest is ahead, and before the price begins to storm the ATH, it can correct to the support.
The escalating risks associated with Trump's tariff battle are driving up the price of gold. He is prepared to keep doing so in spite of the dangers that the US citizens also present. The dollar also received strong support from his statement regarding the Fed, "The Fed made the right decision last week to hold off on cutting rates," while gold, which is on its way to the highs, was unaffected. The tendency is continuing, and as the risks associated with the metal increase, so does interest in it. The Fed announcement and US and Chinese economic data are the main topics.
Technically, the preceding ATH-2790 serves as a crucial support, and gold may test this region once more before extending its upward trajectory. However, it is worthwhile to monitor 2800 in the near future.
Support levels - 2795, 2790
Resistance levels - 2802, 2808
Before the price decides to attack this level once more to consolidate above the support before rising further, there can be a slight correction from 2802 or from the 0.7-0.79 fibo.
DOLLAR INDEX (DXY): Does The Market OVERREACT?
It looks like Dollar Index is preparing for a retracement
after a very bullish market opening.
As a clear sign of strength of the sellers, I see
a head and shoulders pattern on an hourly
and a breakout of its neckline.
The market may drop at least to 108.6
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DXY Will Move Higher! Buy!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 108.497.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 109.050 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Gold XAUUSD Possible Move 03.02.2025Gold (XAU/USD) Analysis
Trend Structure:
The chart shows a clear uptrend, forming a series of higher highs.
Price is currently near a trendline support, indicating a potential bounce.
Key Levels:
Support Zone: $2,770 - $2,775 (Trendline & previous resistance turned support)
Target (Resistance): $2,800 (Previous high & psychological level)
Stop Loss (SL): $2,765 (Below the trendline and key support)
Trade Setup:
Entry: Around $2,770 - $2,775
Take Profit (TP): $2,800
Stop Loss (SL): $2,765
Risk-Reward Ratio: Favorable setup with a small risk and a decent upside.
Technical Indicators:
Price retesting support zone.
If it holds above support, the bullish trend could continue.
Conclusion:
If gold bounces from the support, it could head towards $2,800.
A break below $2,765 could indicate further downside.
Bullish bias remains unless the support breaks.
DXY Dive Incoming? Watch the Liquidity Zones!From the higher timeframe perspective, DXY is currently hovering within a key monthly Fair Value Gap (FVG), marked in red. This zone serves as a critical point of interest and could dictate the next directional bias for the dollar.
Key Observations:
Current FVG Zone:
-Price is consolidating within the monthly FVG. A close below this zone would provide stronger confirmation of a bearish move targeting lower liquidity levels.
Bearish Bias:
-The recent price action indicates weakness as sellside liquidity (SSL) is beginning to show signs of attraction.
-The presence of significant sellside liquidity targets below, including:
-105.411 (Weekly SSL - Sweep)
-103.370 (Weekly SSL - Next Zone)
-100.215 (Major Daily SSL Zone)
Messy Market Conditions:
-Due to fluctuating macroeconomic factors, including USD news events, we may observe temporary rallies or retracements. However, these are likely to form lower highs before continuing the descent.
Confirmation Levels:
-Bearish Confirmation: A daily or weekly close below the monthly FVG would solidify the bearish case, signaling that sellside liquidity at 105.411 and lower levels are likely next.
-Bullish Risk: If the current FVG holds as support and price pushes higher, we could see an attempt to retest higher zones (e.g., 109.535) before resuming downside momentum.
Conclusion:
The expectation is for DXY to drop towards sellside liquidity levels at 105.411, 103.370, and potentially as low as 100.215. However, traders should await a clean confirmation (such as a close below the monthly FVG) to validate the move.
DYOR (Do Your Own Research) and trade safely amidst potential market volatility!
Let me know if you'd like any refinements!
Potential bullish rise?US Dollar Index (DXY) has reacted off the pivot and could bounce to the 1st resistance.
Pivot: 107.49
1st Support 106.47
1st Resistance: 109.64
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GBP/USD - H1 Chart - Triangle Breakout (31.01.2025)The GBP/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle 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 – 1.2342
2nd Support – 1.2295
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XAUUSD 2/2/25XAUUSD remains clearly bullish this week. We can see this through price action and, of course, the Orion bias, which is also bullish. We've maintained a bullish bias since the last weekly low was created, and we’ve successfully followed this entire upward move over the past couple of weeks.
If you followed along, congratulations on a strong long-term trade! However, we are now focusing on intraday and day trading opportunities. Please note that we currently have no target, as price is sitting around the all-time high. We expect price action to continue reaching new highs, but exercise caution, as we are in an exploration phase, meaning price is moving into uncharted territory. Look for rebalancing, which presents opportunities to buy back into the next expansive move.
We have the V2 Entry Level Indicator running, and the dotted lines represent our high-volume lows—key areas of interest for identifying expansive moves into new highs. Right now, we have two priority lower areas, which we will monitor for potential re-accumulation of long positions. However, since we are in an exploration phase, price may continue moving higher without retracing to these levels.
Watch for one of two scenarios:
A pullback into the lower areas, followed by an expansive move upward.
Continuous expansive moves, with new lows developing along the way.
Regardless of how price unfolds, our bias remains the same unless the bias changes with the daily—we anticipate further expansion to the upside.
Trade within your risk parameters, follow your rules, and always let Orion guide you.
EURUSD 2/2/25Heading into this week, EUR/USD is the first pair we are looking at. We have a new filter applied with our Orion Entry Level V2, as well as the Orion System running in the background.
The bias has been shown as bearish, so we are looking for the following. Note the two pre-established highs above, along with a high that is yet to be recognized, as we have not joined the new trading week to confirm that candle closure. That gives us three highs to target and ultimately a heavy cluster of lows marked as the lowest target, along with a high-volume low just below the current price.
We're looking for an expansive move down, but overall, we would love to see a pullback into the highs beforehand, remembering that the higher timeframe is giving us our bearish bias. So because of this, we will look to follow it.
Remembering that we only take trades if the entries are given, and until we hit the points we want to trade from, we do nothing more than let the market run its course.
Trade to your risk, follow your rules, and always let Orion guide you.