Dxyanalysis
DXY increased in price abnormallySometimes, it’s not worth overcomplicating things.
While the (negative) correlation between real yields and gold has deteriorated in recent months, after-inflation interest rates remain one of the biggest factors driving the performance of the yellow metal.
With the benchmark US 10yr Treasury yield carving out a potential near-term bottom last week and rising to a two-week high today, gold accordingly topped out last week and has fallen to a two-week low. Now moving forward, the key level for bond and gold traders to watch will be the 4.31-2% level that has served as consistent support/resistance dating back to at least 2022. If yields can rally above that level, it could spur on another leg lower in gold prices.
DXY is strong when it releases 1-year bond yields, but this is just a temporary move when things are not going well for US data
DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel .
💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone .
🔔I expect the DXY Index to rise to at least the Resistance line .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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DeGRAM | DXY testing of the correction levelDXY is moving in an ascending channel between trend lines.
The volatility of the movement is decreasing.
The impulse started from the demand zone and now the price is above the 62% retracement level, which has already been a pivot point for 3 times.
We expect a rebound after retesting the 62% retracement level.
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DXY MARKET FORCAST ON MONDAYOn the 1-hour time frame, the DXY is ranging between 105.505 and 105.774. If the market breaks below 105.505, we anticipate buying opportunities in the gold market. Conversely, if it breaks above 105.774, we expect selling opportunities in the gold market. This is my current perspective on the DXY. From these key levels, the market has been respecting. Last week, the DXY formed an inverse head and shoulders pattern, followed by an impulsive move. Currently, it might be forming a correction or a bullish flag. We will wait to see which direction it breaks before pursuing opportunities in the gold, GBP/USD, and EUR/USD markets.
DXY Bullish rallies from 105.200 or 104.400The bias for the dollar is to continue its bullish trend. We have seen a change of character on the higher time frame followed by a break of structure, confirming the upward movement. There are also equal highs above the current price that need to be swept.
Due to recent bullish momentum driven by news, the price may be exhausted. At the start of the week, we might see a drop in price as it mitigates a demand zone. Once the price taps into one of these marked demand zones, I expect a bullish reaction.
P.S. Once the price moves up, it may react to the 8-hour supply zone, causing a temporary sell-off. However, I won’t be surprised if this zone gets violated due to the liquidity pool sitting above it.
GBPUSD & DXY Analysis: Key Expectations and Trends Ahead!Greetings, Traders!
Join me in today's video for an in-depth analysis of GBPUSD and DXY, where we'll explore key expectations for today's and tomorrow's trading sessions, as well as summarize this week's trends. This analysis is pivotal as it sets the tone for next week's trading. We've reached a critical juncture on both the DXY and GBPUSD charts, making it essential to understand the potential market movements ahead.
What do you think will be the major market mover going into next week?
Stay tuned for valuable insights, and don't hesitate to leave any questions or comments below.
Happy Trading,
The_Architect
Bearish on DXYThis week we have CPI and US Fed funds rate announcements. Most probably we don't get a rate cut for now (as the market expects). However, I think this week the announcements are coming out with a more dovish tone.
Let's see what happens . . .
If the CPI number come out lower or equal to the expectations and the Fed Chair Powell signals 1 or 2 rate cuts for this year. I believe we can expect the yellow scenario. Otherwise, we can expect the red scenario happens in short term.
DXY Weekly Analysis Dollar index has retested the weekly fvg and also sweeping the Swing Low on Daily Time frame. After sweeping the low the DxY reversed and made a new high with a market structure shift .
In the upcoming weeks the dxy will retrace a little to the daily fvg and from there will target buyside Liquidity near 105.7 and 106.5
DXY could rise back to 106.50 resistanceThe beginning of May marked the start of a correction for the DXY, with the index dropping from 106.50 to the 104 support zone.
However, after finding support around 104 and undergoing a few days of consolidation, the much stronger-than-expected NFP data last Friday led to a reversal for the US Dollar, as evidenced by a significant bullish engulfing pattern on our daily chart.
Yesterday, the index also broke above horizontal resistance, and at the time of writing, the price is 105.18.
I expect the uptrend to continue, potentially leading to a new test of the recent high at 106.50.
DXY and USD Pairs Technical Analysis and Trade Idea In this video, we provide a succinct analysis of the U.S. Dollar Index (DXY) and its potential impact on USD pairs. Following recent bullish momentum, the DXY has become overextended, reaching resistance levels. Currently, we observe a significant retracement toward support. Our main goal is to identify an optimal buy entry point within this critical support zone, assuming price action aligns with our analysis from the video.
As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s essential to recognize that this content serves an educational purpose and should not be construed as financial advice." 📈🚀📊
DXY monthly Price analysis 3 June 2024Monthly Chart: The price has rejected from the monthly OB then, It created a M-MSS. Now month of June the price has goin bellow the TMO before the NFP week. So we could anticipate that rest of the month the price will go upward.
Monthly Bias: Bullish
Weekly Chart: The price is going down towards the PML W-SSL. There are W-FVG along with W-BPR & W-OB which might work as a resistance. If we have any H4-MSS+ after the NFP news events from those W-PDA's then our weekly Bullish Bias will be confirmed.
June 03, DXY & GBPUSD: Trading Insights for the Week Ahead!Greetings, Traders!
Brief Description🖊️:
We are in the first week of June, a period marked by high-impact news, including the Non-Farm Payroll (NFP) report. In this video, I will provide an in-depth analysis of the DXY and GBPUSD pairs, offering valuable insights for the upcoming week in trading.
Things We Will Cover👀:
Lecture on Draw On Liquidity🧠:
Understanding how to analyze the market objectively.
Studying key concepts such as Fair Value Gaps (FVGs), order blocks, mitigation blocks, breakers, and more.
Market Analysis📉📈:
DXY and GBPUSD: Detailed analysis of these pairs to uncover potential trading opportunities for the week ahead.
Draw On Liquidity: Understanding what the draw on liquidity is for this week and how it impacts our trading strategies.
What's Important Now❗
Stay tuned to gain a comprehensive understanding of market analysis and to identify profitable trading opportunities in the upcoming week.
Best Regards,
The_Architect
DXYThe dollar price looks bullish on the daily timeframe, moving within a symmetrical triangle and ascending channel, and following the Elliott Wave 12345 pattern. Currently, the price is at a resistance-turned-support level; waiting for a bullish rejection here could signal an upward move. This would positively impact XXXUSD pairs and negatively affect USDXXX pairs.
DXY hits major resistanceDXY: The USD index this week is touching the susceptible help area round 104.60, so withinside the brief term, the USD is anticipated to get better barely today. Most of the marketplace will now no longer have lots fluctuation because of the financial institution holiday. Ace can refer to shopping for with USD