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USD index $DXY to 100In this blog space we have discussed the FX:EURUSD and TVC:DXY index on 9th Feb. We said it looks like the FX:EURUSD is forming a local bottom, and the chart was showing lot of resilience. And we said that the next stop on FX:EURUSD will be 1.062 which it has recently surpassed. We also prophesized that because 60% of the TVC:DXY is EUR we might see more weakness in USD. And now we see the TVC:DXY is below its 0.612 Fib retracement level @ 105. In the short term it is heading to 0.5 in the short term @ 102. We have seen that the index always bounced back when TVC:DXY is @ the psychological level of 100. If the TVC:DXY breaks below the support level @ 100 then it might go to 99 and eventually to 95. But this USD weakness is not bringing any good news to the Stocks and Crypto. We have to wait until we see a final capitulation in $DXY. If TVC:DXY goes to 95 then FX:EURUSD above 1.15.
TVC:DXYShort
by RabishankarBiswal
3.5 Technical Analysis of Short-term Gold OperationsThe non-farm payrolls (NFP) and consumer price index (CPI) data to be released this week will be the focus of market attention. If the data is strong, especially the inflation data is higher than expected, the market may reduce the bet on the Fed to cut interest rates. The market currently expects the Fed to cut interest rates by 75 basis points this year, an increase from the 44 basis points expected last week. Gold Technical Analysis - Daily Chart From the daily chart, gold received support near $2,832 last Friday and rebounded to $2,900 driven by tariff concerns. However, from this time frame, market information is limited, so it is necessary to further zoom in on the analysis period to get more details.
TVC:GOLD
by AIan_Gold
1
DxyThis is a technical analysis of the U.S. Dollar Index (DXY) on a 2-hour timeframe. The chart indicates a bearish outlook, with price currently at 105.166 and showing signs of a downtrend. Key Observations: 1. Downtrend Confirmation: The price has been consistently forming lower highs and lower lows, suggesting bearish momentum. 2. Supply Zone (Red Box): A red zone is marked at the top, indicating a possible resistance or supply zone. This suggests that if the price moves back up into this area, it could face selling pressure and drop again. 3. Projected Price Action (White Box & Arrow): The gray box below represents a potential target zone for the bearish move. The zigzag pattern inside the box suggests a possible minor retracement before continuing downward. Conclusion: The analysis suggests a sell scenario if the price respects the supply zone and rejects it. A break above the red zone would invalidate this bearish outlook. The target area appears to be around 103.866, which aligns with a previous support level. Would you like any modifications to this analysis?
TVC:DXYShort
by Forex_ViP_Signalss
Eur/Usd (Mar/04) Weekly biasHello everyone... as you can see 1.05 to 1.054 is major resistance and if you go to monthly-weekly chart you can see that + weekly 21 ema + D 100 ema-ma ............. but i think price can go above that area... Monthly Open above Monthly pivot also right now price is above weekly pivot and euro attacked this area so many times... ( but if price can't close above 1.054 is bad for euro ) ....................................................... ( This is an idea and entry-tp-sl placed for my own trade , you can change entry-tp-sl depends on your risk management )
Long
by btchodll
3
3.5 Technical analysis of short-term gold operationsOn the first trading day of March, the US dollar index fell sharply. Data released by ISM showed that the US ISM manufacturing index in February was 50.3, lower than the expected 50.8, and the previous value in January was 50.9. 50 is the dividing line between prosperity and recession. Although the ISM manufacturing PMI continued to expand in January, the amplitude was small and tended to stagnate. Both new orders and employment shrank. At the same time, the material purchasing price index soared to the highest level since June 2022. After the data was released, the US dollar index fell further. Gold rebounded sharply, challenging the 10-day moving average. The 5-day and 10-day moving averages still showed a dead cross. The daily RSI rebounded and reached the key pressure zone of 2900-10 in 4 hours. The short-term trend turned to bullish, but it was still not a strong bull market. You can wait for the opportunity to stabilize and go long near 2875.
TVC:GOLD
by AIan_Gold
1
Gold (XAU/USD) Key Levels & Trade Setups: BUY & SELL ENTRY Gold (XAU/USD) 1-Hour Chart Analysis: 1. Key Resistance Zone: - The price is currently near the $2,922-$2,930 resistance zone. - This area has acted as a previous supply zone, indicating potential selling pressure. 2. Potential Price Scenarios: Scenario 1: Rejection from Resistance & Downtrend - If price fails to break above $2,922-$2,930, a rejection could send it lower. - A break of the rising trendline could confirm bearish momentum. - First target: Around $2,898-$2,900 (previous support zone). - Second target: Around $2,873, which is a strong demand area. - Final bearish target: Around $2,855-$2,846 if the momentum continues downward. Scenario 2: Breakout Above Resistance & Bullish Move - If gold breaks and closes above $2,930 with strong momentum, further upside is expected. - First target:$2,945-$2,950, marked as the next resistance level. - A successful breakout could lead to higher bullish continuation. 3. Trendline & Breakout Structure: - The price had a previous breakout from a descending channel. - The current bullish structure could be invalidated if the price breaks below the trendline and key support levels. Trading Plan: - Watch for price action at $2,922-$2,930 resistance. - Look for a rejection confirmation (bearish candle patterns) for a potential short setup. - For a buy position, wait for a strong breakout above $2,930 with a retest for confirmation.
OANDA:XAUUSD
by TRADE_CENTER_1
"Bearish Pressure on DXY: Key Levels to Watch"🔹 Technical Analysis of U.S. Dollar Index (DXY) - 4H Chart ▪️Market Structure & Trend Analysis: - The chart shows a clear downtrend in the U.S. Dollar Index (DXY), with a series of lower highs and lower lows. - The price is trading below the 200-period moving average (blue line) and 50-period moving average (red line), reinforcing bearish sentiment. 🔹Key Levels: 1. Strong Resistance Area ( 107.300 - 107.400) - This is a significant supply zone where sellers have aggressively pushed the price down in the past. - The price recently tested this area and failed to break higher, indicating strong resistance. 2. Resistance Level for Further Downside ( 106.700 - 106.800) - The price is struggling to stay above this level, which has now become a short-term resistance zone. - If price stays below this level, further downside is likely. 3. Target Area ( 105.453) - This is the next major support level, where price could find buying interest and potentially reverse or consolidate. ▪️Market Expectation: - Bearish Continuation: - If price remains below the 106.700 resistance level, it is likely to continue downward towards the 105.453 target zone. - Invalidation of Bearish Bias: - If price breaks and closes above 107.400, it could signal a trend reversal or deeper retracement. 🔹Conclusion: - Bias: Bearish - Trading Plan: Look for sell opportunities below resistance zones and target 105.453 for a potential move lower. 😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
TVC:DXYShort
by SOAM_PRO_TRADER
DXY Correction Plays Out – Is a Reversal Next? Since the end of January, I have been anticipating a correction in the TVC:DXY , with a target around the 106 support level. This correction has unfolded as expected, with the Dollar Index touching 106 on Monday, followed by another test and reversal yesterday. A key observation is that since the early February spike, the DXY has been trading within a falling wedge—a pattern that often signals a potential reversal. What’s Next? ✅ Bullish confirmation would come with a daily close above the 106.60–106.70 zone. If this happens, we could see a move up to 108.50, a key resistance level. ✅ Interim resistance sits at 107.30, which could also act as a potential target for bulls. Trading Implications: If the Dollar Index confirms an upside breakout, it could present selling opportunities in FX:EURUSD , FX:GBPUSD , FX:AUDUSD , and TRADENATION:NZDUSD .
TVC:DXYLong
by Mihai_Iacob
1
#DXY 4HDXY (4H Timeframe) Analysis Market Structure: The price is forming a falling wedge pattern, which is generally considered a bullish reversal pattern. This suggests that the downtrend is losing momentum, and a potential upward move could follow if the price breaks above the wedge resistance. Forecast: A buy opportunity may arise if the price confirms a breakout from the falling wedge pattern, signaling increased bullish pressure. Key Levels to Watch: - Entry Zone: A buy position can be considered after a confirmed breakout above the wedge resistance. - Risk Management: - Stop Loss: Placed below the recent swing low to manage risk. - Take Profit: Target key resistance levels based on previous price action. Market Sentiment: The falling wedge suggests potential bullish momentum. A confirmed breakout with strong price action can provide better validation for the buy setup.
CAPITALCOM:DXYLong
by PIPSFIGHTER
USD/CHF Poised for a Bullish Reversal at Key SupportThe USD/CHF pair is currently trading near a significant support level around 0.8950, with bullish signals emerging. The harmonic Bat pattern suggests a potential reversal, aligning with historical price reactions at similar levels. Additionally, the presence of green buy markers and RSI indicators approaching oversold conditions indicate possible upward momentum. If price sustains above the 0.8950 region, a bullish move towards 0.9000 and beyond could unfold, with further resistance around 0.9120. Confirmation of reversal signs, such as bullish candlestick formations and RSI divergence, will strengthen the case for a recovery.
Long
by BeaucoupPips
4