DXY Rejection at Key Resistance – Potential Drop AheadThis chart of the U.S. Dollar Index (DXY) on the 4-hour timeframe shows a strong rejection from the highlighted resistance zone around 109.800–110.000.
Key Observations:
- Rejection at Resistance: Price attempted to break above but faced strong selling pressure, leading to a rejection.
- Possible Downtrend Formation:** The price could now move lower, targeting the 1st target zone (~109.100–109.136) and potentially the **2nd target zone (~107.500–107.480)** if the bearish momentum continues.
- Break of Structure (BoS) & Change of Character (ChoCh): The previous market structure shifts indicate potential reversals, supporting the idea of a bearish move.
Conclusion:
A pullback from resistance suggests a possible downside move. If price fails to reclaim the resistance zone, a sell-off towards the marked targets seems likely. Watch for confirmation near the 1st target to assess continuation or reversal.
Index
DXY Risky Long! Buy!
Hello,Traders!
DXY has been making some
Pretty wild moves on the
Recent geopolitical news
Lately so we need to be
Trading this index with
Caution, however, the
Dollar index is approaching
A horizontal support of 107.000
From where we will be
Expecting a local
Bullish correction
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
DXY Bullish Breakout – USD Strengthening Towards 120+?📊 DXY (U.S. Dollar Index) Monthly Chart Analysis 🚀
📈 Breakout in Progress:
The chart shows a breakout from a horizontal resistance zone (previous highs). This signals bullish momentum.
📊 Trend & Structure:
Higher Lows & Higher Highs indicate an uptrend.
Price has been moving within an ascending channel for years.
📉 EMA 200 Support:
The 200-month EMA (95.63) is well below the current price, acting as a strong long-term support level.
🔮 Future Projection:
A potential pullback to confirm support, followed by a strong bullish move toward 120-125 levels.
Chart Projection Suggests: 🚀 Upside continuation if support holds.
🔥 Key Levels to Watch:
✅ Support: 104-108 (Breakout retest zone)
🎯 Target: 116-124 (Upper trendline)
💡 Conclusion: Bullish bias remains strong. If DXY holds above 108, the dollar could gain more strength in 2025. 🚀📊
S&P500 1 month rally ahead. Target 6300.The S&P500 / US500 is trading inside a Channel Up since mid July 2024.
Today's downside gap opening tested the 1day MA100 for the 2nd time in 2 weeks and buying pressure immediately kicked in.
The 1day MACD pattern is identical to the September 06 2024 1day MA100 rebound. This ended up with a rally to the 1.786 Fibonacci extension.
Buy and for the next 30 days at least target 6300 (1.786 Fib).
Previous chart:
Follow us, like the idea and leave a comment below!!
Gold (XAU/USD) Near Key Resistance – Watching for Bearish ReversThis chart shows XAU/USD (Gold) on the 1-hour timeframe, highlighting a potential sell opportunity around the weak high zone near $2,810-$2,820.
Key Observations:
1. Bearish Confirmation Needed :
- The price is approaching a resistance zone within an ascending channel.
- A rejection or bearish confirmation (e.g., candle reversal, strong wick, or BOS downward) is needed before entering a short position.
2. Structure & Key Levels:
- Break of Structure (BOS) signals previous bullish momentum.
- Change of Character (ChOCH)** suggests a possible shift in trend.
- The weak high at the upper channel trendline indicates a potential reversal.
3. Potential Downside Targets:
- $2,797 – First key level of support.
- $2,770-$2,750 – Stronger demand zones.
- $2,741-$2,720 – Final deeper support area.
Trading Plan:
- Wait for bearish confirmation** before entering a sell.
- A breakdown of intraday support near **$2,797** would strengthen the bearish case.
- If price breaks above $2,820-$2,828, the bearish bias is invalidated.
GBP/USD Symmetrical Triangle Setup: Bullish Breakout?Here's an analysis based on the chart:
Key Observations :
1. **Bullish Triangle Pattern:**
- A symmetrical triangle or wedge is forming, suggesting potential consolidation before a breakout.
- The upward trendline indicates possible bullish momentum as price approaches a breakout point.
2. **Price Levels:**
- Resistance: 1.24860 (shown as the 1.13 Fibonacci extension level).
- Support: Around 1.24100, where price is currently hovering near the trendline.
3. **RSI (Relative Strength Index):**
- The RSI is above 50, which leans toward bullish momentum.
- Divergence may be forming as price action creates higher lows while RSI doesn't show the same strength.
4. **Candlestick Patterns:**
- Multiple rejections around support suggest buying pressure near the trendline.
Trading Implications:
1. **Bullish Breakout Setup:**
- If price breaks above 1.24860, it could signify a continuation to higher levels, potentially targeting a Fibonacci extension level beyond 1.25.
2. **Reversal or Bearish Setup:**
- If price fails to hold the ascending trendline, expect a move downward, potentially testing 1.23900 or lower.
U.S Dollar Index (DXY) Rising Wedge Potential Reversal !!U.S. Dollar Index (DXY) on a 2-day timeframe, a rising wedge pattern. Here’s a breakdown of the technical analysis:
Key Observations:
1. Rising Wedge Pattern:
The price has been following an upward trajectory within two converging trendlines.
A rising wedge is typically a bearish reversal pattern, meaning a breakdown could lead to a decline.
2. Recent Price Action:
The index has recently dropped from its recent high near 108.107 and is now trading at 107.807.
This suggests that selling pressure is increasing.
3. 200 EMA Support:
The 200-period Exponential Moving Average (EMA) is currently at 104.510.
This is a key support level—if the price breaks down from the wedge, it may test the 200 EMA.
4. Potential Scenarios:
Bearish Breakdown:
If DXY breaks below the lower wedge trendline, the index could drop toward the 104.5-105.0 level (200 EMA).
A further breakdown may lead to a decline toward 102-100 levels.
Bullish Continuation:
If DXY bounces from current levels and reclaims the upper wedge resistance, it could push toward 110-112.
However, this is less likely given the wedge structure.
Conclusion:
The chart suggests a potential reversal in DXY.
A breakdown from the rising wedge could lead to a decline toward 104-105.
If bulls regain strength, DXY may attempt to push higher, but upside is limited.
Traders should watch for confirmation of a breakdown or bounce before making decisions.
US30 - Make or Break zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 US30 is currently retesting its all-time high at $45,000.
🏹For US30 to enter the price discovery phase and reach new ATHs, an 4H candle close above $45,000 is required.
📉On the other hand, if the last major low marked in red is broken downward, a deep correction towards the orange support would in play.
For now, we wait! ⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. This helps me cover the cost of providing regular insights.
Dow Jones 30 is near its all-time high. Can we create a new one?Can the Fed help the MARKETSCOM:US30 move a bit further north and establish a new all-time high? There is a possibility for that, however, we need to wait for the Fed press conference, when market volatility may increase significantly. That said, let the market settle and we can see what we can do. Check the video for more details.
TVC:DJI
RISK DISCLAIMER
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
DXY Dollar Index Market Bearish 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 XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉
Entry 📉 : Traders & Thieves with New Entry A Bear trade can be initiated at any price level.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4h period, the recent / nearest high level
Goal 🎯: 105.800 (or) Before escape in the market
Scalpers, take note : only scalp on the Short 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 💰.
📰🗞️Fundamental, Macro, Sentimental Outlook
The DXY (Dollar Index) market is expected to move in a bearish direction, driven by several key factors.
🔴Fundamental Analysis
The DXY is a geometrically weighted index that tracks the value of the US dollar against a basket of six major currencies: the euro (57.6%), Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). The index is influenced by interest rates, inflation, and economic indicators such as GDP and employment rates.
🟠Macro Analysis
The US Federal Reserve's monetary policy decisions significantly impact the DXY. With the Fed's rate hike cycle, the US dollar has strengthened against other major currencies. However, the recent decline in US Treasury yields has put pressure on the dollar.
🟡Market Sentiment
The market sentiment for the DXY is currently bearish, with 71% of IG client accounts short on this market. However, some analysts believe that the dollar's decline has been overdone and expect a rebound.
🟢Retail Traders' Sentiments
Retail traders' sentiments are mixed, with some expecting a bullish move and others predicting a bearish trend. On TradingView, some analysts have identified a potential bearish pattern, while others see a bullish reversal.
🔵Upcoming Events
The upcoming events that may impact the DXY include:
Federal Reserve Meeting: The Fed's interest rate decision and monetary policy statement may influence the dollar's value.
US GDP and Inflation Data: The release of US GDP and inflation data may impact the dollar's strength.
Trade Developments: Any updates on US trade policies, particularly with China, may affect the dollar's value.
🟣Trading Expectations
Based on the analysis, it's challenging to predict a clear direction for the DXY. However, considering the bearish market sentiment and potential bearish patterns, a neutral to bearish move is possible in the short term. Keep a close eye on upcoming events and market developments to adjust your trading strategy accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
🚨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.
🚨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 🫂
DXY - 1H still bearish...While some signals indicate buy opportunities on the dollar index, I remain skeptical. As mentioned in our 4H analysis, the third bullish leg has been completed, and I expect a deeper correction in CAPITALCOM:DXY .
In the 1H time frame, we can observe that the second reaction to the support zone is significantly weaker than the first. This could indicate a potential breakdown of the support zone, with the index likely falling below the 107 level.
Let’s see how this plays out! Follow for timely updates and expert insights! 🚀
Head and Shoulders pattern on the 4-H, for DXY US Dollar IndexTVC:DXY This chart shows a clear Head and Shoulders pattern on the 4-hour time frame for DXY (US Dollar Index), which is a bearish reversal pattern. Here's a short analysis:
Key Levels:
The neckline is at approximately 108.000, acting as a crucial support zone.
A breakdown below the neckline would signal further bearish momentum.
Pattern Confirmation:
Wait for a breakout below the neckline, followed by a possible retest, to confirm the pattern.
Bearish Target:
The measured move from the head to the neckline can be projected downward, aligning with the next key support levels around 107.000–106.500.
Invalidation Zone:
If price breaks above the right shoulder high (around 108.800–109.000), the bearish scenario could be invalidated.
Would you like to explore specific trade setups based on this pattern?
Here’s how you can structure trade setups based on the Head and Shoulders pattern visible in the chart:
1. Bearish Setup (Breakout Strategy)
Entry: Enter a short position after a confirmed breakout below the neckline (108.000). Wait for a strong bearish candle close below this level.
Stop Loss: Place the stop loss above the right shoulder high at 108.800–109.000, depending on your risk tolerance.
Take Profit Targets:
1st target: 107.500 (psychological level and near-term support).
2nd target: 107.000 (projected move based on pattern).
3rd target: 106.500 (long-term support zone).
$JPINTR -Japan's Interest Rate (December/2024)ECONOMICS:JPINTR 3.6%
(December/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan jumped to 3.6% in December 2024 from 2.9% in the prior month, marking the highest reading since January 2023.
Food prices rose at the steepest pace in a year (6.4% vs 4.8% in November), with fresh vegetables and fresh food contributing the most to the upturn.
Further, electricity prices (18.7% vs 9.9%) and gas cost (5.6% vs 3.5%) increased at the fastest rate in four months with the absence of energy subsidies since May.
Additional upward pressure also came from housing (0.8% vs 0.9%), clothing (2.9% vs 2.6%), transport (1.1% vs 0.9%), furniture and household utensils (3.0% vs 3.7%), healthcare (1.7% vs 1.6%), recreation (4.0% vs 4.5%), and miscellaneous items (1.1% vs 1.1%).
In contrast, prices continued to fall for communication (-2.1% vs -3.0%) and education (-1.0% vs -1.0%).
The core inflation rate rose to a 16-month high of 3.0%, up from 2.7% in November and matching consensus. Monthly, the CPI increased by 0.6%, the highest figure in 14 months.
$NQ MMSMInitially, we have a bearish outlook for the NQ, given that it has experienced several consecutive weeks of upward movement. Our analysis is based on the change in price action in lower time frames, where recent movements suggest a potential pullback. This correction, if it occurs, could serve as a pause before the continuation of the prevailing bullish trend.
S&P500 - Preparing For The Final Bullrun!S&P500 ( TVC:SPX ) is still heading higher:
Click chart above to see the detailed analysis👆🏻
Although the S&P500 has been creating new all time highs for the past couple of months, charts are clearly telling us that this bullrun is not over yet. We already saw two textbook cycles of +90% each and during 2025, we will see the completion of the third and final bullrun.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
NASDAQ You will not be scared to invest in tech after this.Nasdaq / US100 has just started a massively bullish phase long term.
Both on 1month RSI terms and pure monthly candles, the index has entered 2025 the same way it entered 1992.
That was the start of Nasdaq's Internet Bubble, much like today we have established the era of Artificial Intelligence.
A.I. has given us a glimpse of its enormous growth potential in 2023-2024 but that is nothing compared to what's coming.
Eventually it will turn into a Bubble that will pop but we don't know how high it can go before it does.
It it repeats the Internet Bubble, the it should burst by 2031/32 in levels around 10000, no matter how crazy this price may seem now. In fact it shouldn't surprise you as Nasdaq quadrupled in the past 7 years.
In any event, this chart serves as a reminder to long term investors like us, that investing in technology stocks is a 'must' going forward into 2025.
Previous chart:
Follow us, like the idea and leave a comment below!!