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Dxyanalysis

DXY$ Shorts from 105.800 down towards 105.200As expected our last week scenario (A) played out perfectly like we anticipated which was seeing a bullish reaction from the 4hr demand. For this week's bias we are still temporarily bearish with the dollar as it's approaching a clean 14hr supply zone. As soon as it gets tapped in I will be waiting for my lower time frame confirmation i.e. a Wyckoff distribution schematic and a clean CHOCH to the downside. I would preferably wait for the asian high to get swept inside the zone before looking for a drop in the dollar index. I am bullish long term but, as price has broken structure a few times to the downside I would like to catch sells down towards the next demand at least. My confluences for DXY$ Shorts are as follows: - Price approaching a 14hr supply zone that has broken structure the downside. - Imbalances have fully been filled and momentum has slowed down (good sign for a reversal) - Huge trend line left way below that price would want to grab and theres also lots of liquidity below to target as take profit levels. - In order for price to keep pushing up it will need to enter a level of demand, so as of now we will be trying to catch sells down towards a demand. P.S. Only if my extreme 7hr supply zone gets violated, we will then know if price wants to continue in its bullish trend or not. But as of now I see price dropping more due to the perpetual BOS's. Also, as the dollar is a direct negative correlation to most of my pairs, the bias will suggest a bullish move to take place for EU, GU and gold If DXY$ decides to continue bearish.
CAPITALCOM:DXYShort
by Hassan_fx
1
The Alarming Volatility of the US Dollar – A Call to Action The recent turbulent fluctuations witnessed in the strength of the US Dollar have left experts bewildered and traders on edge. As we navigate through these uncertain times, it is crucial that we take a moment to pause and reevaluate our trading positions before potentially exposing ourselves to unnecessary risks. The unprecedented volatility of the US Dollar has sent shockwaves across the global financial markets, stemming from a multitude of economic, political, and social events. These complexities have made it exceedingly challenging for even the most experienced traders to predict or decipher the future direction of the dollar accurately. The sudden shifts and erratic movements have destabilized not only its inherent value but also significantly influenced the correlation with other major currencies. Given the circumstances, I implore you all to reflect upon your current dollar trading strategies. It is paramount that we reassess the potential risks and rewards associated with trading the US Dollar in the present climate. As responsible traders, it is vital to exercise caution and adjust our positions accordingly, considering the magnitude of uncertainty that envelopes the dollar's market stability. I strongly encourage you to undertake a thorough analysis of your portfolios, taking into account the potential consequences of sustained volatility and the possible ripple effects on other currencies and financial assets. It is prudent to diversify your holdings, exploring alternative investment options that may help mitigate the potential risks associated with the current dollar turbulence. In these challenging times, it is crucial for us to remain vigilant, responsible, and adaptable in our approach. By taking a pause and reevaluating our dollar trading strategies, we can safeguard our investments and insulate ourselves from sudden and adverse market movements. Remember, preserving capital is equally as important as pursuing profits.
TVC:DXY
by bryandowningqln
Fed stance and BOE rate cut expectations impact bond yields and After the latest monetary policy meeting, financial markets reacted to statements from US Federal Reserve Chairman Jerome Powell and the Bank of England (BoE). These reactions led to large changes in bond yields and the value of the dollar. After the Federal Open Market Committee (FOMC) meeting, markets tilted toward a cautious interpretation of Powell's remarks, even though the Fed maintained its hawkish stance. Despite recognition of the US's strong economic performance, concerns about tightening financial conditions and questions about the reliability of scatterplots have led to suggestions that US interest rates may have peaked. There is. This sentiment has led to lower bond yields and a decline in the value of the dollar. In contrast, three out of nine Monetary Policy Committee members at the BoE meeting supported a 25 basis point rate hike. However, rising UK unemployment and a forecast of zero growth in 2024 pose major challenges, with GBP/USD moving above previous support/resistance levels as the dollar weakens and US yields fall. Rose.
CAPITALCOM:DXYLong
by AstronautPioneer
DXY Daily Analysis - Fall to 200EMA 105.000 Level Then Bounce?DXY has been rejected at the bull channel support, falling to 105.000 before closing last week. There is now a gap to the 200EMA, which given the rejection bar, seems like a probable target if you're already short. I would caution going full-on short just yet until we close below the 200EMA. If we get a bounce at the 200EMA, I would consider a long back up to the 30EMA at 106.000. Key Points: 1. Fell out of Bull Channel 2. Rejection off of the Bull Channel at the 107.000 area 3. There is a gap down to the 200EMA 4. RSI Room to Move Up As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
TVC:DXY
by TraderEngineering
DXY SELLOverview of my DXY sell idea. I have been following this for a longtime but i've decided to share it. Technically my chart explains itself, but fundamentally the US economy is in a very bad shape, increased government borrowing and on the brink of a debt default, inflation, war, all this is affecting the US which hasn't fully recovered from the coronavirus outbreak. Fundamental: Recent NFP 150,000 from previous of 336,000. Increased government borrowing Thanks for reading my analysis. Comment below if you think we will see continued downtrend on the Dollar. Disclaimer: This analysis is only made on speculation and are solely the views of the analyst, there is no guarantee the analysis will play out. Do your own research before taking a trade.
TVC:DXYShort
by Forexrein
DXY - Keylevels - DailyDxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down. I have mentioned the important areas. The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite far away and things for DXY can get complicated if it loses the next level as well. On the other hand, let's not forget that big investors can't wait to sell their dollars to enter the market, so the pressure on the dollar at these moments is getting bigger and bigger.
TVC:DXYShort
by sfc95
DXY continued to rise significantly and gold prices started to fThe DXY index, also known as the USD index, is a measure of the strength of the U.S. dollar relative to six of the United States' major trading partners, including the euro (EUR), yen, and Japanese yen (JPY). ), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), Swiss Franc (CHF). The USD Index is calculated from the exchange rates of 6 other currencies (together with the parts that make up the USD Index): EUR 57.6%, JPY 13.6%, GBP 11.9%, CAD 9.1%, SEK 4.2%, CHF 3.6%. Therefore, fluctuations in this index depend not only on the US domestic economy, but also on its correlation with major economies around the world. To understand this better, let's look back a little at history. When the US Federal Reserve began raising interest rates in 1994, the dollar appreciated until 2000 as tech stocks rose. However, the bursting of the dot-com bubble and the September 11, 2001 terrorist attacks ended DXY's bullish momentum and caused the US dollar to plummet. DXY fell to historic lows during the 2008 financial crisis. The DXY index started rising again from his 2011 year. This is mainly due to two factors. First, in 2011, most economies in southern Europe were in a difficult situation due to over-indebtedness, which led to a weak euro and a strong US dollar. Second, the Fed first talked about tapering its bond purchases in 2013 and began raising interest rates in 2015. In 2016, with the election of Donald Trump as US president, the dollar hit a 13-year high amid confidence that the Federal Reserve would increase spending on roads, bridges and industry, as well as raise interest rates. , investors are optimistic about future growth rates. of the US economy.
TVC:DXYLong
by Chart_MasterPro
DXY Peaks as Leverage Combined Positions for USD Index RiseIt is with great concern that I bring to your notice the recent surge in leverage combined positions for the USD index, coinciding with the apparent peak of the Dollar Index (DXY). This convergence of events has prompted us to urge you to exercise caution and consider pausing your USD trading activities. Over the past few weeks, we have witnessed the DXY reaching new heights, bolstered by a series of positive economic indicators and widespread optimism. However, it is crucial to recognize that such prolonged upward trends tend to have limitations, often leading to market corrections or reversals. The mounting leverage combined positions for the USD index indicate an increasing number of traders speculating on the dollar's continued ascent. While this may seem enticing, history has shown us that excessive optimism and overleveraging can be precursors to market downturns. As responsible traders, it is our duty to approach these situations with a level-headed perspective. Therefore, we strongly advise you to pause and reevaluate your USD trading strategies, taking into account the current market conditions and the potential risks associated with the DXY's peak. Consider diversifying your portfolio, exploring alternative currency pairs, or even temporarily shifting your focus to other assets that exhibit more favorable risk-reward ratios. By exercising prudence during this phase of heightened optimism, you can better protect your capital and avoid potential losses. Remember, trading is a marathon, not a sprint, and preserving your financial stability is paramount. In conclusion, we urge you to approach USD trading with caution, recognizing the potential risks associated with the DXY's current peak and the surge in leverage combined positions. Take this opportunity to reassess your strategies, diversify your portfolio, and consider alternative trading options. By doing so, you will be better positioned to adapt and thrive in the ever-evolving world of trading.
TVC:DXYLong
by bryandowningqln
DXY: USD exchange rate today (November 1); The USD reversed and The US economy is resilient, as evidenced by new data released on October 31. This is the most recent indication that the US Federal Reserve (Fed) can sustain high interest rates for an extended length of time. As a result, given the substantial rise in wages during the third quarter, US labor costs rose dramatically. After increasing by 1.0% between April and June, the employment expenditure index (ECI) increased by 1.1% in the most recent quarter. According to additional data, US housing prices increased in August for the third straight month, up 5.6% over the same time last year and 4.6% from July. The Fed started a two-day policy meeting on October 31 and was predicted to maintain interest rates at that time.
TVC:DXYLong
by TrategySherpa
DXY Dollar Index Technical Analysis And Trade IdeaIn this video, we conduct an in-depth analysis of the DXY (US Dollar Index). Our focus lies in deciphering the pronounced bullish trend observed on higher time frames. Throughout the video, we explore prospective price targets and trading opportunities, delving into trend assessment, price action, market structure, and a conceptualised trade proposition. Please be reminded that the content herewith is designed solely for educational purposes and should not be interpreted as financial advice. It is crucial to acknowledge the substantial risk associated with currency markets, emphasising the necessity of implementing astute risk management techniques in your trading endeavours.
TVC:DXYLong
by fxtraderanthony
DXY Daily Chart Analysis - Will DXY Return to the Bull Channel?DXY finally broke out of the bull channel it has been in since July of this year. A strong bull response off of the 30EMA brought the price back to the bull channel. We are now waiting to see if the price can re-enter the channel, or if it fails and confirms a breakout to the downside. Key Points: 1. Bear breakout of the Bull Channel, waiting for confirmation 2. Strong bull response on 30EMA below the channel 3. Price is currently testing the channel 4. RSI is near 50 and is not supportive of either direction 5. Before trading DXY, wait to see if the price confirms or denies a breakout Since we are in a bull trend, the probability of a confirmed breakout to the downside is less than the trend continuing to the upside. I think it is best to wait for a Daily close within the bull channel before entering a long or a bear candle closing near its low below the 30EMA before shorting. The bias ought to remain bull until we have confirmation of a break to the downside. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
TVC:DXYLong
by TraderEngineering
US-DXY SELL AFTER BREAKOUT !!!HELLO TRADERS , Double-Top Patterns Indicate Market Rally Could Be Nearing End as i can see the chart DXY is holding a support zone and trading under the trend line so outer middle east tensions are increasing day by day no ceasefire happen soon in coming days war is spreading to other nations that not good for $ it had still not touch 107.40 level in this volatility this just an idea i personally enter in sell if it break the support as it is drawn in chart with a small risk and higher rewards Stay tuned for updates on chart
TVC:DXYShort
by APEX_TRADING_ACADMEY
2
US Dollar Soaring with US Yield - Let's Long DXY!US dollar is currently on the rise, dancing in perfect harmony with the surging US yield! The US dollar has been flexing its muscles lately, gaining strength against several major currencies. This upward trajectory has been propelled by the impressive rise in US yields, which have been climbing to new heights. It's a fantastic opportunity for us to capitalize on this bullish trend and potentially reap some significant rewards. Now, you might be wondering how we can make the most of this incredible situation. Well, my dear traders, I would highly encourage you to consider going long on the US Dollar Index (DXY). By taking a long position on DXY, we can align ourselves with the current market sentiment and potentially maximize our profits. Here's why I believe this is a golden opportunity: 1. Strong US Economy: The US economy has been showing remarkable resilience, with positive economic indicators and robust recovery efforts. This strength is attracting investors, leading to increased demand for the US dollar. 2. Rising US Yield: The surge in US yields has been grabbing attention worldwide, making US bonds more attractive to investors seeking higher returns. This influx of capital further bolsters the US dollar's position. 3. Technical Indicators: By analyzing technical indicators, we can see a bullish pattern emerging in the US dollar. This pattern, combined with the positive fundamentals, reinforces our confidence in the potential success of a long position on DXY. So, my dear traders, let's seize this opportunity and ride the wave of the rising US dollar together! I urge you to carefully evaluate your trading strategies, assess the risks involved, and consider initiating a long position on DXY to potentially capitalize on this exciting market movement. Remember, success in trading often comes from recognizing opportunities and acting upon them swiftly. The US dollar's ascent, coupled with the soaring US yield, presents us with a chance to make profitable trades and elevate our trading portfolios.
TVC:DXYLong
by bryandowningqln