Get started

Dxyindex

Strong Dollar Puts Bitcoin at Risk: 5 Things to Watch This Week The cryptocurrency market is bracing for a potentially volatile week as the US dollar reaches its highest point since the 2022 bear market. This surge in the dollar's strength has historically presented challenges for Bitcoin, and traders are closely monitoring several key factors that could influence BTC's price in the coming days. 1. The Dollar's Dominance The US dollar's resurgence is a critical factor for Bitcoin traders to consider. A strong dollar often exerts downward pressure on Bitcoin's price.2 This inverse relationship stems from Bitcoin's pricing in US dollars; when the dollar is strong, it takes fewer dollars to buy the same amount of Bitcoin, thus lowering the price. 2. Bitcoin's Price Risks Bitcoin's price has struggled to break free from the shackles of the bear market, and the strengthening dollar adds another layer of complexity. Traders are wary of potential downside risks, especially if the dollar continues its upward trajectory. The psychological barrier of $100k remains a key level to watch; a break below this could trigger further sell-offs. 3. Correlation with Traditional Markets Bitcoin's correlation with traditional markets, particularly the S&P 500, has been a recurring theme. As the dollar strengthens, it can also impact traditional markets, leading to a risk-off sentiment. This could further weigh on Bitcoin's price, as investors may seek safer assets like cash or bonds. 4. On-Chain Metrics While on-chain metrics provide valuable insights into Bitcoin's network activity, they may not offer immediate relief from the dollar's influence. Metrics such as exchange reserves, miner activity, and long-term holder behavior can indicate underlying strength or weakness in the Bitcoin market.3 However, these factors may take time to play out and may not immediately counteract the effects of a strong dollar. Conclusion The confluence of a strengthening US dollar and Bitcoin's existing price risks creates a challenging environment for traders. While the long-term outlook for Bitcoin remains positive, the short-term picture is clouded by uncertainty. Traders should exercise caution and closely monitor the factors outlined above to navigate the potential volatility in the Bitcoin market this week.
BITSTAMP:BTCUSD
by bryandowningqln
USDJPY and US10Y Late last summer on Aug 5th when the Yen Carry trade unwound, the S&P 500 fell more than 5% intraday and VIX spiked to 60. This marked a localized bottom on the USDJPY daily chart with US10Y making 52 week lows the following month Sept. Since then, the US10Y has been on a relentless run to the 52-week high of 4.79%. This reminds us that under the surface there might be Yen carry trade in full swing. That means traders / investors are borrowing at low interest rate in JPY and then buying the US10Y to get the interest rate differential. This is also pushing the US Dollar index to recent ATH. There might be sharp reversals when the USDJPY carry trades unwind. Watch for key levels in US10Y and DXY. US10Y at 5% might be the turning point which will mark a failed breakout at Oct 2023 highs.
by RabishankarBiswal
Another ratio chart : NIFTY 50 vs S&P 500Another ratio chart. Today we look at the performance of India NIFTY50 vs US S&P 500 on a weekly basis. IN this ratio chart all the 50-, 100- and 200-day SMA are below the short term 20 DMA. Prior tops can act as support as indicated by the red arrows. The estimate is that the chart will consolidate here, and the future direction will be determined by the US Dollar. Please watch out for DXY. Will it break above the recent ATH from Oct 2022 of 113 (blue arrow) or breakdown before reaching the top? This will determine the direction of Nifty 50 vs S&P 500.
NSE:NIFTY
by RabishankarBiswal
"US Dollar Index (DXY): Bearish Rejection at Key Resistance ZoneThis chart for the US Dollar Index (DXY) on the 2-hour timeframe highlights a clear resistance zone around **109.034–109.278**, where price has rejected multiple times (marked by the orange circles). This indicates strong selling pressure at this level. ### Key Observations: 1. **Double/Triple Top Formation**: The repeated rejection around 109.034 suggests that sellers are defending this area. 2. **Bearish Bias**: The projection arrow indicates a potential bearish move from this resistance zone toward lower support levels around **108.380** and possibly further. 3. **Stop Loss Zone**: The red zone above 109.278 likely represents an invalidation level for any short positions. If price breaks and holds above this zone, it could signal further bullish momentum. 4. **Support Areas**: The highlighted zones below (around **108.380** and **108.000**) serve as potential profit-taking or reversal zones for shorts. ### Potential Trade Idea: - **Sell Zone**: Around 109.034–109.278. - **Target 1**: 108.380. - **Target 2**: 108.000 (if momentum continues). - **Stop Loss**: Above 109.278. This aligns with a bearish rejection play at resistance. However, if DXY breaks above 109.278 with strong momentum, you might consider switching bias to bullish. Always watch for confirmation before entering!
CAPITALCOM:DXYShort
by TRADE_CENTER_1
1
Gold's Shine Dims: Retesting Peaks Before the DropXAU/USD: Navigating Uncertain Currents Amid Resistance Challenges Gold (XAU/USD) has been navigating a phase of consolidation while steadily creeping toward the critical resistance level at 2667. This level stands as a psychological and technical barrier, and the market seems poised for a decisive moment. The current upward trajectory suggests a potential breakout is on the horizon. However, doubts loom large as various economic and geopolitical factors cast a shadow over this bullish move. Economic Crosswinds and Market Sentiment The lingering question remains: Will the breakout materialize? Gold’s performance has been mired in a complex web of economic data that has consistently hindered its momentum. Over the past few months, the global economy has presented a mixed bag of signals, with inflationary pressures rising across major economies, particularly in China, which recently released discouraging data on its economic growth. Meanwhile, the Federal Reserve’s hawkish stance, as reflected in its latest meeting minutes, continues to support the strength of the US dollar, further dampening gold’s appeal. Adding to this complexity, the lack of fresh geopolitical flashpoints or significant shifts in fundamental data leaves gold’s recent ascent somewhat puzzling. Historically, gold has thrived on uncertainty, but with no major new developments from global hotspots and a stronger dollar exerting downward pressure, its current upward move appears to lack a robust foundation. Moreover, the metal faces headwinds from an improving macroeconomic environment in the United States. The Federal Reserve’s resolute approach to inflation control, coupled with Trump-era tariff policies still casting a shadow on international trade, adds to the uncertainty surrounding gold’s price action. Liquidity Grabs and Resistance Retests From a technical perspective, the market’s structure remains bullish, though caution is warranted. Before a potential reversal or significant correction, the possibility of a liquidity grab around the key resistance level at 2667 cannot be ruled out. This move would likely attract cautious buyers and trigger stop-loss orders, temporarily pushing prices higher. A subsequent retest of key zones of interest—such as the higher resistance levels at 2675 and 2692 or the channel resistance—could follow before any meaningful correction materializes. Such behavior aligns with gold’s historical price action, where false breakouts or liquidity hunts often precede major directional shifts. Buyers, already hesitant due to the lack of strong bullish fundamentals, may adopt a wait-and-see approach as the market tests these critical thresholds. Fundamental Challenges Weighing on Gold Despite its recent climb, gold remains under pressure from a host of unfavorable factors. The following nuances continue to resist upward momentum: Stronger US Dollar: As the dollar strengthens, gold, priced in dollars, becomes more expensive for international buyers, limiting demand. Hawkish Federal Reserve: The Fed’s firm stance on controlling inflation and its willingness to maintain higher interest rates for longer reduce the appeal of non-yielding assets like gold. Global Inflation: Rising inflation in key economies, coupled with central bank tightening, creates a challenging environment for gold. Lack of Geopolitical Catalysts: With no new conflicts or crises dominating headlines, gold lacks the safe-haven demand typically driven by geopolitical turmoil. Trump’s Tariff Policies: Although dated, the lingering effects of these trade policies continue to influence the broader market sentiment, adding uncertainty to gold’s performance. Resistance and Support Levels From a technical standpoint, the following levels are crucial: Resistance: 2667 (key level), 2675 (upper zone of interest), and 2692 (channel resistance). Support: The ascending trendline near 2656 acts as a critical support level, underpinning the bullish structure in the short term. Short-Term Outlook and Market Expectations In the near term, I anticipate an attempt to break through the 2667 resistance level. Should this breakout occur, gold may test higher zones of interest such as 2675 or even 2692. However, such a move would likely face stiff resistance, paving the way for a corrective phase. The interplay of technical signals and fundamental challenges makes the current price action intriguing yet uncertain. While the structure remains bullish in the short term, the broader picture suggests caution. A breakout above resistance levels might temporarily buoy sentiment, but without solid fundamental support, any gains could prove short-lived, leading to a sharp correction as the market recalibrates. In conclusion, while gold’s recent rise has sparked interest, it remains entangled in a web of conflicting signals. As traders navigate this challenging environment, all eyes will be on key resistance levels and the broader macroeconomic backdrop to determine the metal’s next move.
OANDA:XAUUSD
by lonelyPlayer0
here is an analysis for the DXY (U.S. Dollar Index) on the 30-m Based on the chart provided, here is an analysis for the DXY (U.S. Dollar Index) on the 30-minute timeframe: ### Observations: 1. **Resistance Zone (Blue Area)**: - The price is approaching a marked resistance zone around 109.000. - The annotation "wait for bearish confirmation" suggests this level is significant, and traders are looking for signs of reversal (e.g., bearish candlestick patterns or failure to break above). 2. **Key Levels**: - **109.000**: Strong resistance zone where selling pressure is anticipated. - **108.600-108.400**: A support zone below, indicated by green shaded areas. - **107.800**: A major lower support zone, indicating where buyers might step in strongly if the price drops significantly. 3. **Market Structure**: - **Higher High (HH)**: The price has created a higher high, indicating bullish momentum in the short term. - **Change of Character (ChoCh)**: Highlighted earlier in the chart, signaling a shift from bearish to bullish structure during the recent recovery. 4. **Potential Scenarios**: - If the price forms bearish confirmation at the resistance zone (e.g., double top, bearish engulfing), a sell-off might be expected toward the first support level around 108.600. - If bullish momentum continues and the price breaks and retests above 109.000, it could target higher levels. ### Strategy: - **For Selling**: - Wait for bearish confirmation around 109.000. - Potential targets could be the support zones at 108.600 and 108.400. - **For Buying**: - Monitor if the price respects the support zones (108.600-108.400) and shows bullish signs for potential entries. - If price breaks below these support zones, consider 107.800 as the next key level.
TVC:DXYShort
by TRADE_CENTER_1
Mighty Dollar Eyes Further GainsThe US Dollar Index (DXY) commenced the new year on a strong note, breaking out of its consolidation phase and surging toward the 109.50 level on January 2. ◉ Technical Observations ● The daily candle close on Friday formed an inside bar bearish candle, indicating a potential pullback in the week ahead. ● Immediate support levels are situated between 107.50 and 107.00. ◉ Market Outlook and Key Events The US jobs report comes out on Friday and will be the main focus for the market this week. A strong jobs report could strengthen the US dollar, affecting emerging markets and commodities.
TVC:DXYLong
by NaranjCapital
1
DXY Dollar Index Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the DXY Dollar Index market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point after the Breakout. however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 110.500 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Based on the fundamental analysis, I would conclude that the DXY (US Dollar Index) is: Bearish Reasons: Interest rate differential: The Federal Reserve's (Fed) interest rate (4.50%) is high compared to other major economies, but the rate hike cycle is expected to slow down, which could lead to a decline in the DXY. Economic growth: The US GDP growth (2.1%) is slowing down, and the economy is facing headwinds from trade tensions and global economic uncertainty, which could lead to a decline in the DXY. Trade balance: The US trade deficit (USD 50 billion) is large and growing, which could put downward pressure on the DXY. Fiscal policy: The US fiscal policy is becoming increasingly expansionary, which could lead to a decline in the DXY. However, it's essential to consider the following risks: Global economic slowdown: A slowdown in global economic growth, particularly in China and Europe, could lead to a flight to safety and support the DXY. Geopolitical tensions: Escalating geopolitical tensions, particularly in the Middle East and North Korea, could lead to a flight to safety and support the DXY. Fed's monetary policy: The Fed's dovish stance and potential interest rate cuts could support the DXY. Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
CAPITALCOM:DXY
by Thief_Trader
1
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 107.49 1st Support: 106.72 1st Resistance: 108.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets