DXY Potential Short! Sell!
Hello,Traders!
DXY keeps growing in a
Strong uptrend and the
Index is locally overbought
So after it hits a horizontal
Resistance of 106.500
A local bearish correction
Is to be expected
Sell!
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DXY
DXY Update and Levelsafter good impulse move to the upside there is certainty of price going into pullback mode
because
. price recently broken the trend line which was from weekly side so the next liquidity zone is supply from monthly which is 1% away and on other hand price can try to retest the fvg which nearby 0.5% below the current price (105.998) or the round figure 105 can act as support
my take - before going to 107 zone price should retrace and get some liquidity from fvg
Dollar Index Bullish to $109! (UPDATE)The DXY is constantly rocketing up from our grey supply zone. Intense bullish momentum which is about to break above the 'pending liquidity' sitting at $107.400 - $106.500.
Break of structure of this liquidity zone will open up further upside towards our $109 target!
The Dollar is looking strong, other markets are weak.
On the weekly timeframe, the DXY (U.S. Dollar Index) is bearish.
It's showing a final jump before heading down to create another lower low.
According to this analysis, other markets might be retracing.
I'm observing XAU (Gold), BTC (Bitcoin), and US Oil (WTI Crude Oil)
For potential retracements, manage your risk and emotions before diving into trading.
This is just my viewpoint, not financial advice.
DXY Is Very Bearish! Short!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 105.886.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 104.561 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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DXY: Local Correction Ahead! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 105.547
Wish you good luck in trading to you all!
Levels discussed during livestream 12th November12th November
DXY: Could consolidate/retrace slightly, but for continuation higher to 106.10, beyond that, could retest resistance of 106.45
NZDUSD: Sell 0.5950 SL 20 TP 40
AUDUSD: Sell 0.65 SL 25 TP 100
GBPUSD: Sell 1.2785 SL 30 TP 100
EURUSD: Sell 1.0590 SL 40 TP 140
USDJPY: Buy 154.90 SL 35 TP 110
USDCHF: Buy 0.8845 SL 30 TP 75
USDCAD: Buy 1.40 SL 40 TP 140
Gold: Breaking 2600, below 2585 could trade down to 2570 and 2550
gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave
bullish impulse is complete now we are entering ABC correction.
🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653,
Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently
A in progress 2770/2525.
🔸Recommended strategy for gold traders: higher risk bounce play
once A completes and transitions into B bounce, BUY/HOLD 2525
exit at 2678. Lower risk sell side setup: B completes near 2678
short sell into bounce exit at 2383 once C completes into liquidity
order block zone. good luck traders!
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Is a DXY Pullback on the Horizon? Key Price Action Signals Is a DXY Pullback on the Horizon? Key Price Action Signals to Keep an Eye On
👀👉 The DXY Dollar Index has shown robust bullish momentum recently—but is it overextended? A pullback at a major support level could offer a valuable entry opportunity. I’m watching this zone closely for a possible buy setup aligned with the key criteria covered in the video. In this analysis, we’ll explore essential price action signals to watch and discuss strategies for positioning in the next potential move. Disclaimer: This analysis is for informational purposes only and not financial advice.* 📊✅
DXY makes it to the most important resistance zone.H4 12.11.2024💸 Dollar Index DXY makes it to the most important resistance zone 📉
The dollar index still managed to break through to the most important resistance zone 105.80-106.35 from which I expect a medium-term reversal. Honestly, I didn't think it would be pushed to it, but as it is. Other currencies against the dollar have almost reached their reversal zones, lacking the final rebound. As for me, the level of 106 on the index and the area near it is strong. The situation is a copy of 2016, when the index was also pushed hard, and then a long-term reversal was made to weaken it.
TVC:DXY
DXY (dollar index) Out lookMy bias for the dollar is that it may start to slow down and experience some pullbacks, likely to fill the imbalances below and capture some liquidity. However, I also see Scenario A playing out, which could push the price upward and continue the bullish trend.
Given the current market conditions, I expect these retracements, which also align with my outlook for EU and GU.
Confluences supporting my bullish bias on the dollar:
- The DXY has been very bullish and has broken significant structure to the upside.
- The DXY has surpassed the key psychological level of 105.00.
- There is still a lot of liquidity to the upside that needs to be taken.
- Clean demand zones are in place, reinforcing my bullish outlook.
P.S. Be cautious and watch for the major red news on Wednesday, specifically the CPI event, as it will provide key insight for the forecast. I expect the dollar to retrace ahead of the news, but once it's released, I anticipate the dollar will shoot back up.
EUR/USD Shorts from 1.07800 back downThis week, my analysis for EU is showing slow movement, as it isn't close to any key Points of Interest (POI). However, after the CPI release, I expect a surge in liquidity, which could lead to a retracement in EU. From there, I’ll be looking to enter sell positions at a supply zone I've marked, which previously caused a break of structure to the downside.
There are two potential supply zones to watch: the 9-hour supply zone or the 2-hour supply zone above it. If price begins to slow down and distributes upward, I’ll be cautious. However, if the price continues to drop, I’ll wait for a new supply zone to form or look to enter buy positions from the 3-hour supply zone, as outlined in Scenario B.
Confluences supporting EU sell positions are:
- Price action has been strongly bearish, aligning with a pro-trend idea.
- The DXY has been bullish, which suggests EU could continue to move down.
- Liquidity remains focused to the downside.
- A potential supply zone is identified, providing a possible selling POI.
P.S. If price breaks structure to the downside, I’ll wait for a retest and then follow the downtrend.
Look out for CPI and remain diligent!
DXY: Market Is Looking Up! Buy!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 105.758
Wish you good luck in trading to you all!
GOLD → Buyers stop believing in gold ... Are the bears coming? FX:XAUUSD after Powell's support reaches a local high of 2710, but buyers do not let the price near the risk zone. The price is returning to the correction phase and preparing to update the local lows
The correction started after the strengthening of interest in the dollar, which is growing at the expense of gold because of Trump's victory. The excitement has not subsided yet, it may continue for a few weeks. The 0.25% cut in interest rates was slightly taken into account by the market, but still supported the metal, but short-term. The market is also disappointed with China, especially with the actions of the authorities towards the country's economy. In general, the fundamental background is negative and it is worth considering this information in your trading. Ahead of the US CPI, which will be published on Wednesday.
Technically, the price is turning around and intends to test the liquidity zones located at the bottom...
Resistance levels: 2680, 2685, 2700
Support levels: 2665, 2652, 2637
Emphasis on 2665. A pre-breakdown consolidation is forming. If the price breaks this support, selling may intensify. I do not exclude one more attempt to retest the resistance, for example 2680-2685 before further falling. In general, both fundamentally and technically, the market feels the priority towards the bears...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
Levels discussed on 11th November Livestream11th November
DXY: Consolidating along 105, look for break out above 105.15 to reach high of 105.45
NZDUSD: Sell 0.5955 SL 20 TP 40
AUDUSD: Sell 0.6565 SL 25 TP 50
GBPUSD: Sell 1.2830 SL 30 TP 80
EURUSD: Sell 1.0660 SL 25 TP 50
USDJPY: Buy 153.80 SL 40 TP 80
USDCHF: Buy 0.8790 SL 25 TP 80
USDCAD: Do Nothing
Gold: Could range between 2660 and 2644
USDCHF → Realization and distribution phase. Target 0.900FX:USDCHF comes out of accumulation and changes the market phase to realization phase. On the background of the dollar growth, the reason for which is mainly the excitement about the presidential election in the U.S., the currency pair also has a potential for growth
On D1, buyers are forming a bottom and a strong reversal base, indicating the potential and further interests. The zones of interest, in our case, can serve as areas of local highs, behind which there is a liquidity zone and money, to which the MM is directed....
Technically, in the European session the price is breaking the resistance of local accumulation. The emphasis is on 0.8774. If the bulls hold the defense above this zone, we should expect a continuation of growth in the short to medium term.
Resistance levels: 0.887, 0.892
Support levels: 0.8774, 0.8748, 0.871
Accordingly, the key support at the moment is 0.8774 and it is from it we expect the continuation of growth. Formation of a false breakout is not excluded. In this case, after correction to the local 0.8748, the growth may continue
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCHF ;)
Regards R. Linda!