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J-DXY

DXY Will Go Lower! Short! Please, check our technical outlook for DXY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 101.874. Taking into consideration the structure & trend analysis, I believe that the market will reach 101.496 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
DXY Will Go Up From Support! Buy! Take a look at our analysis for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 101.327. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 101.829 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
EUR/USD : Another Fall Ahead ? (READ THE CAPTION)By analyzing the #EURUSD chart on the 4-hour timeframe, we can see that, as per the previous analysis, the price faced selling pressure after filling the FVG and collecting liquidity above 1.12. So far, it has dropped over 160 pips down to 1.10500! If the price stabilizes below 1.10700, we can expect further declines in EUR/USD. This analysis will be updated, folks! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
7
GOLD → Price breaks support. Panic and news...FX:XAUUSD stands still, traders doubt further actions. There are two days of important news ahead, which can provoke panic and profit-taking.... The market reacts weakly to the rather serious actions in the Middle East, the price is in consolidation without updating local extremes. The dollar is strengthening amid decreasing risks of a 0.5% cut in interest rates in November (the most likely scenario is 0.25%). A strong ADP employment report eased concerns about the state of the US labor market, supporting expectations of Friday's NFP. Ahead of the PMI from ISM and Initial Jobless Claims. Technically, the chart failed to give impetus from support, with the SMA acting as support. After a failed attempt, price came back and broke the conglomerate of support: the rising line, sma and 2650-2654. Can you feel traders getting nervous?) Resistance levels: 2650, SMA, 2656, 2663 Support levels: 2640, 2623, 2613, 2600 The trigger is 2640. If the buyers do not hold this area, the price may spill to the bottom of the range, as well as reach the imbalance zone. But, there may be high volatility before the news, within which the price may test the resistance before further downward correction. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
20
US Dollar Index Climbs to 101.00 as Powell Signals Rate CutsThe US Dollar Index (DXY) has risen close to the 101.00 level following remarks from Federal Reserve Chair Jerome Powell, who indicated that future rate cuts would be implemented gradually. This rise comes as no surprise, as the DXY has rebounded from a key demand area that was previously identified. According to the Commitment of Traders (COT) report, retail traders remain extremely bearish on the US Dollar, while institutional investors—often referred to as "smart money"—have shifted toward long positions, further supporting the currency's strength. This bullish sentiment in the US Dollar is reinforced by the fundamental backdrop. Today, the release of the ISM Manufacturing PMI and JOLTS Job Openings reports could further fuel the DXY’s upward momentum. A positive outcome from these key economic indicators would indicate continued resilience in the US economy, bolstering expectations for the Fed to maintain its gradual approach to rate adjustments, which in turn supports the USD. The ISM Manufacturing PMI is a key gauge of the health of the manufacturing sector, and a strong reading would reflect ongoing economic expansion, likely pushing the DXY higher. Similarly, the JOLTS Job Openings data provides insights into labor market strength, and a robust figure would further cement the case for a stronger US Dollar. Technically, the DXY’s recovery from the demand area, combined with the shift in institutional positioning, points to a sustained bullish outlook for the US Dollar. With smart money moving to the long side and retailers still bearish, the DXY could continue its climb, especially if today's economic data aligns with market expectations. In conclusion, the US Dollar Index is experiencing a bullish run following Powell’s comments on gradual rate cuts, and the momentum is likely to be reinforced by positive ISM Manufacturing PMI and JOLTS Job Openings data. As retail traders remain bearish and institutional investors shift toward the long side, the DXY could see further gains in the near term, particularly if economic data supports the Fed’s cautious but optimistic outlook.
TVC:DXYLong
by FOREXN1
7
DXY Sell this Oct-Nov dead-cat-bounce and target 97.000.Last time we looked into a such a long-term (multi-year) time-frame on the U.S. Dollar Index (DXY) was 10 months ago (December 15 2023, see chart below) where we gave the most optimal buy entry at the time: We now take it to the 1M time-frame where the long-term trend gets more clear and the pattern as you can see is a Channel Up since the March 2008 bottom (U.S. Housing Crisis). The most recent Higher High was back in September 2022 and since then the index has been on a decline in an attempt to form the bottom on the Higher Lows trend-line of the Channel Up. As you can see, we are in the later stages of this (multi-year) Bearish Leg but last month (September) it hit its 1M MA50 (blue trend-line) for the first time since January 2022 and held it. This is expected to delay the Lower Low for a while but most likely won't invalidate it as if it closes a 1M candle below it, we expect to test the bottom by Q2 2025. Both the Bearish and Bullish Phases seem to be consistent within this 16-year Channel Up, having a fair degree of symmetry. The Bearish Phases have previously come in the form of successive Channel Down patterns (dashed), so if this analogy continues to hold this time also, we should be half-way through the second currently. All those Channel Down patterns dropped to at least the 1.236 Fibonacci extension from the first pull-back they had. This consistency is remarkable. Such pattern suggests that after the current rebound is completed (technically it shouldn't exceed the 1W MA50 (red trend-line), the price could decline to 96.000. Our Target is a bit higher at 97.000, which would make an ideal Higher Low on this 16-year old Channel Up. After that, the confirmation to buy (which naturally will tell us that the bottom is already in) would be a 1M MACD Bullish Cross below the 0.0 mark. As you see, this took place 5 times these 16 years, all of which have been excellent buy entries with the lowest risk possible. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
3