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DXY : A bull run?Before anything , I have spent 8 years navigating the financial markets, with Level 3 CFA and a Master's in Finance under my belt, I've seen my fair share of trends. The value of the US Dollar Index is influenced by several factors, including decisions by the Federal Reserve (Fed), US government actions, and the overall health of the US economy. The Fed's monetary policy, statements by the US administration, and US economic data all play a role in how strong the US dollar is compared to other currencies. and you can check this link and take a look on the technical bias: www.investing.com As we can see a Resistance level at 104.42-104.45 and a Support level powered by a fair value gap on daily time frame at 103.2-103.8.
TVC:DXYLong
by theegxtrader
DAX (DAX Index): Waves of uncertainty 🌊DAX (DAX Index): XETR:DAX We recognize that our analysis might diverge from other analysts', but our assessment clearly indicates that the DAX is currently in an overarching Wave 4, visible on the weekly chart within a multi-year scenario. This holds unless we surpass the 18,000 level. If we move beyond 18,000, a reevaluation and recount would be necessary. Until then, we anticipate a decline in the DAX over the coming weeks, months, and possibly years. The exact timing, whether it rises or falls, cannot be pinpointed to a specific year. However, it's important to note that as long as the DAX doesn't exceed 138%, or the 18,000 mark, we expect to be in an Expanded Flat scenario. This aligns well with our expectations for Wave C or the overarching Wave IV, which should fall below Wave (A), fitting the pattern where both B and C waves overshoot in an Expanded Flat. Examining the 4-hour chart, we encounter the same scenario. Without flipping this key level, no significant change is expected. The 1-hour and 4-hour charts suggest an imminent rise, not immediately obvious on the daily or weekly charts, predicting a climb to around 17,500 euros before a downturn in the DAX. We do not anticipate an immediate reversal today or tomorrow but expect a final upward impulse before a corrective move downwards.
XETR:DAXShort
by freeguy_by_wmc
DXY (DOLLAR) IS TRYING TO RECOVER, (READ CAPTION)The dollar is trying to recover in today's trading from the US Federal Reserve's strike The US dollar achieved a modest rise during trading on Thursday, as the green currency attempted to recover from the losses incurred last session as a result of negative federal developments. In this regard, the dollar incurred strong daily losses at the end of yesterday’s session, estimated at about 0.43%, affected by the less stringent statements of US Federal Reserve Governor Jerome Powell, which he made yesterday evening, as Jerome Powell said that postponing the interest rate reduction step may harm the US economy, It is expected that the interest rate reduction cycle will begin in the second half of this year, while hinting that despite the strong conditions in the labour market and the outstanding performance of the US economy, this will not prevent the US Federal Reserve from taking interest rate reduction measures. This coincided with the pressures facing the dollar at that time immediately after the release of economic forecasts by the US Federal Reserve, which indicated the possibility of reducing US interest rates three times this year, which means that the US Federal Reserve did not take into account the rise in inflation rates during the past two months, and here it is worth noting. Pointing out that the markets now see a 65% chance that the US Federal Reserve will start cutting interest rates at the June meeting, according to the performance of tracking federal interest rates issued by the CME Group. If you like this informative data and technical analyse please support my ideas and follow thanks for kindness.
TVC:DXYLong
by Alexview009
DOLLAR_INDX,DXY H4 22 March 2024💵 DOLLAR_INDX, H4 💵 22 March 2024 The Dollar Index, tracking the greenback against a basket of major currencies, rallied following the release of better-than-expected US economic data, bolstering confidence in the Federal Reserve's optimistic outlook. With US Initial Jobless Claims declining to 210,000, surpassing expectations, and Fed Chair Jerome Powell reaffirming the strength of the labor market, investor sentiment favoured The US Dollar. Meanwhile, rising US Treasury bond yields further reinforced the Dollar's upward momentum, reflecting heightened market confidence in the US economic outlook. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might extend its gains after breakout. Resistance level: 104.00, 104.50📉 Support level:103.20, 102.55📈
TVC:DXYLong
by top_fx
DE40 DAX sell scenarioDax de40 have been in a crazy bull run since few months and i think its time for a slow down. oblique support have been broke, index is oversold in weekly and we can see it loosing bull power and forming flat top in lower timeframe. I think we can see it make a last push up in the 18100 area and then start a correction since the market like to sell high. i will try a short in this area after a good final push. i will five SL and TP 1 once we reach the potential selling area.
CAPITALCOM:DE40Short
by Trading_Flight
Trend Trading Strategy for the Heiken Ashi Algo v6Knowing when the RSI and price are in a ranging phase even in the short term can be a difficult process. You are either #Ranging #bullish or #bearish. At least in the Algo v6 you can get a clear vision of exactly whats happening. In this video im going to give you a VERY simple strategy on: 1. How to know if the RSI and price are ranging 2. When do i break away from Ranges 3. Am I trending 4. Im trending but whats my confluence to take a long or short 5. Is my range getting bigger or smaller Enjoy this quick vid and ask questions below. Thanks everyone.
Education
by CoffeeshopCrypto
4
Bullish DXY Awaits U.S. Interest Rate DataThe U.S. Dollar Index (DXY) remains in bullish territory, with buyers maintaining control as investors eagerly await the release of U.S. interest rate data. Context The focus is squarely on the Federal Reserve (FED), and markets are hanging on any hints regarding the future of interest rates. While no rate changes are expected, analysts are alert for any signals indicating a slowdown in rate hikes. Inflation Reports Last week's stronger-than-expected inflation reports have led market participants to revise their expectations for rate cuts this year. Traders now estimate that monetary easing will be around 75 basis points over the course of the year. Key Levels At the time of writing, the DXY is trading at 104.08 points, marking the ninth consecutive daily gain since its March 8 low at 102.32. Key technical levels include: 1. Next Resistance (104.77): This level corresponds to the triangle pattern's upper boundary on the daily chart. A breakout above this level could open the door to further gains. 2. 38.2% Fibonacci Resistance (105.07): If the DXY manages to surpass this mark, it could strengthen its bullish position. 3. 50% Fibonacci Support (102): This level acts as a floor for DXY's price and could be crucial in case of corrections. Note: The information provided in this article is for informational purposes only and does not constitute financial advice. Always consult a professional before making investment decisions.*
TVC:DXY
by CRYPTONIA5
DOLLAR_INDX,DXY H4 20 March 2024💵 DOLLAR_INDX, H4 💵 20 March 2024 Following the yen's selloff, investors sought refuge in the safe-haven dollar, resulting in positive gains. With a flurry of central bank decisions dominating currency markets, particularly the Federal Reserve's upcoming announcement, market focus remains keenly on potential interest rate adjustments and monetary policy statements. Expectations lean towards the Fed maintaining its current interest rate range of 5.25% to 5.50%, while closely monitoring the bank's guidance for future actions. The Dollar Index is trading higher following the prior breakout above the previous resistance level. Suggesting the index might experience technical correction. Resistance level: 104.45, 104.95📉 Support level:103.70, 103.05📈
TVC:DXY
by top_fx
DOLLAR_INDX,DXY H4 18 March 2024💵 DOLLAR_INDX, H4 💵 18 March 2024 The Dollar index strengthened against major currencies in anticipation of the Federal Open Market Committee's (FOMC) monetary policy decisions. Last week's higher-than-expected US producer and consumer price indexes raised hopes for a hawkish stance from the Federal Reserve. All eyes are on the Fed meeting for clues on the central bank's outlook for rate cuts. The Dollar Index is trading higher following the prior breakout above the previous resistance level. Suggesting the index might enter overbought territory. Resistance level: 103.75, 104.50📉 Support level:103.05, 102.40📈
TVC:DXYLong
by top_fx
DAX: Overbought on 1D and in need of a technical correction.What makes us expect a technical correction this time, is the similarity in terms of RSI with mid February 2023. It took another 3 weeks for the price to decline but not before the RSI completed a Cup and Handle pattern. That was a -8.00% decline, we are aiming from the current levels for a -6.40% decline, which happened another 2 times, so our target is near the S1 level (TP = 16,900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Short
by InvestingScope
DOLLAR_INDX,DXY H4 14 March 2024💵 DOLLAR_INDX, H4 💵 14 March 2024 The Dollar Index retreated from resistance levels as market participants absorbed higher-than-expected Consumer Price Inflation (CPI) data, prompting profit-taking strategies ahead of upcoming US economic releases. Attention now turns to pivotal Producer Price Index (PPI) and retail sales figures for insights into the economy's trajectory and potential interest rate adjustments. The Dollar Index is trading lower following the prior retracement from the resistance level. Suggesting the index might extend its losses. Resistance level: 103.05, 103.70📉 Support level:102.55, 102.10📈
TVC:DXYShort
by top_fx
1
DOLLAR_INDX H4 13 March 2024💵 DOLLAR_INDX, H4 💵 13 March 2024 The Dollar Index, consisting of major currencies, surged following the release of robust US inflation data. February's consumer price growth exceeded expectations, indicating persistent inflationary pressures that could complicate the Federal Reserve's rate decisions. Headline US consumer prices rose by 3.2% annually, surpassing forecasts of 3.1%, while core CPI data climbed to 3.8%, exceeding economists' projections at 3.7%, according to the US Bureau of Labor Statistics. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might extend its gains after breakout. Resistance level: 103.05, 103.70📉 Support level:102.55, 102.10📈
TVC:DXYLong
by top_fx
DOLLAR_INDX, H4 11 March 2024 💵 DOLLAR_INDX, H4 💵 11 March 2024 The US Dollar grapples with losses as key employment indicators present a mixed picture. The disappointing unemployment rate and hourly earnings figures contrast with a robust non-farm payroll report, leaving the greenback in a delicate position. Bloomberg reports reveal that Federal Reserve Chair Jerome Powell and colleagues are moving closer to revising their inflation strategy. Powell emphasises the need for "just a bit more evidence" before considering a shift in the central bank's approach. His recent congressional testimony suggests a potential willingness to cut interest rates in the short term, pending further confirmation of inflation trends toward the 2% target. The Dollar Index is trading lower following the prior breakout below the previous support level. Suggesting the index might enter oversold territory. Resistance level: 103.70, 104.50📉 Support level:102.10, 101.35📈
TVC:DXYShort
by top_fx