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J-DXY

Levels discussed 2nd October2nd October DXY: Consolidating, could retrace to 101.10 (23.6%), looking to break above 101.40 and trade up to 101.80 (stay above 100.90 to maintain bullish) NZDUSD: Sell 0.6265 SL 20 TP 55 AUDUSD: Sell 0.6860 SL 20 TP 40 (forming H&S pattern) GBPUSD: Sell 1.3240 SL 30 TP 80 EURUSD: Sell 1.1045 SL 20 TP 40 USDJPY: Could continue ranging, Buy 144.80 SL 40 TP 120 USDCHF: Sell 0.8470 SL 15 TP 55 USDCAD: Buy 1.3475 SL 20 TP 60 Gold: Could trade up to 2665, could be held briefly along bearish trendline.
TVC:DXY
by JinDao_Tai
GOLD → Bulls are trying to hold their defenses above the SMAFX:XAUUSD is forming a sideways range, within which it strengthens to 2673 with subsequent retracement and retest of SMA 200 & 50. Buyers are trying to hold their defenses above this area with the aim of further growth.... The complicated situation in the Middle East continues to escalate, which keeps the gold price from falling amid the rising dollar. Any de-escalation of the conflict (Israel's inaction on Iran's measures) could increase selling pressure... Nevertheless, the US employment change data from ADP as well as the Fed's speech will be the next important events for the US dollar and the gold price. Any hints of interest rate cuts will be viewed favorably... Technically, emphasis on 2665 resistance - if the bulls can consolidate above this zone, gold could go for a retest of ATH. Also - emphasis on 2643. A break of the support will reinforce selling. This could take the price to 2625-2600. Resistance levels: 2665, 2673, 2685 Support levels: 2643, 2625, 2515 Bullish trend. Gold is not going to update the lows. The bulls are trying to consolidate above the SMA. Signs that the price is ready to grow. BUT, it is possible that unpredictable signs may appear in the market, which may lead to profit-taking and correction. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
DXY (Dollar Index) Technical Analysis and Day Trade Idea👀 👉 The DXY (Dollar Index) recently shifted into a bullish structure on the 4H timeframe, with price now approaching a key resistance level. This could present a potential short day trade opportunity. In this video, we analyse the DXY in detail, reviewing the trend, market structure, and price action, while exploring a possible trade setup. Disclaimer: Forex trading carries significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and does not constitute financial advice. 📉✅
TVC:DXY
by tradingwithanthony
1
Sell GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3382 Target Levels: 1st Support – 1.3312 2nd Support – 1.3265 Stop-Loss: To manage risk, place a stop-loss order above 1.3440. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
41
Will the escalation of the Middle East tension boost the dollar Macro theme: - The dollar strengthened after Fed Chair Jerome Powell struck a more hawkish tone last week, scaling back traders' expectations of another 0.50% rate cut at the next meeting. - The safe-haven demand following the possibility of Middle East escalation boosted the dollar. - The US Aug JOLTS data showed 329,000 more jobs, indicating a more robust labor market than anticipated. Technical theme: - From the 4-hour chart, DXY broke its Wedge pattern and closed above both EMAs with the golden cross. This indicates a potential recovery from its previous sideways-down trend. - If DXY breaks above 101.33, the index may strengthen to retest 101.80 resistance confluences with its descending trendline. - On the contrary, DXY may retest 100.90-101.00 before upward movement. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
TVC:DXYLong
by DatTong
Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 143.77, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 142.13 2nd Support – 141.26 Stop-Loss: To manage risk, place a stop-loss order above 144.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
11
GOLD → MA-200 False Breakdown. Will the growth continue?FX:XAUUSD is testing the support of 2625 forming a false break of SMA-200 as part of the correction. The range boundaries are confirmed and the market, after retesting the support, changes its target... Globally and locally the trend is bullish, this is facilitated by the situation in the Middle East, which is becoming more complicated every day.... In addition, US dollar buyers took a breather before the news, and US Treasury yields reversed the previous rise amid deteriorating risk sentiment, which limited the decline in the gold price. Traders await PMI from ISM, and JOLTS survey data, which could signal a further cooling of the US labor market Yesterday Powell said: - Fed in no rush to cut rates quickly, will be data-driven. If the economy is as expected, two more 0.25% cuts are possible. Accordingly, the course of interest rate cut st Support levels: 2643, 2634, 2624 Resistance levels: 2659, 2673, 2685 Gold still enjoys huge interest. Buyers are defending key support zones. A change of sentiment is forming and I would expect a continuation of the rise from the key support zones towards the zones of interest at the moment. The news may increase volatility and form a shakeout.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
Gold Rally Poised for a Pause? Eyes on a Critical 2650 SupportThe XAU/USD pair has begun to lose some steam after recently marking new local highs. Currently, the price is flirting with the critical 2650 level, now acting as a pivotal support. The market appears to be entering a phase of heightened uncertainty, often referred to as the "panic zone," where traders may seek to lock in profits ahead of Federal Reserve Chair Jerome Powell's much-anticipated speech. From a technical perspective, while the overarching trend remains bullish, the momentum that drove the price to its all-time high (ATH) of 2685 seems to have stalled. The market now hesitates, seemingly unwilling to test or break new highs in the immediate future. Much of the earlier bullishness was fueled by expectations surrounding interest rate cuts, but with that catalyst largely absorbed, traders are now turning their attention to upcoming macroeconomic data. Key among these is the Chicago PMI and, more significantly, Powell’s address at 17:55, which could set the tone for the near-term market direction. However, it's important not to overlook the geopolitical situation in the Middle East, which continues to inject an element of unpredictability into the market. These external factors, combined with technical considerations, suggest that a deeper retracement could be on the horizon. The technical setup indicates signs of overextension, and given the current market conditions, a correction may be imminent. It is plausible that gold could revisit key support levels in the 2634-2623-2613 range, where buyers might regroup before the next leg of the recovery. The broader price action suggests we may see a consolidation phase before any renewed upward momentum. Resistance zones to watch are at 2660 and 2675, while the key support zones rest at 2634 and 2623. A possible retest of these support areas could offer traders clarity on the market’s next move. A confirmation of range boundaries between 2615 and 2685 may lead to a more extended consolidation period, with the potential for a flat pattern forming between 2600 and 2685. In summary, while the technical outlook remains largely positive in the long term, the market appears primed for a short-term correction. Traders should keep an eye on how the 2634-2613 support region holds up in the face of any selling pressure, as well as the market’s reaction to Powell's speech. The recovery may depend on how the range boundaries are confirmed and the subsequent reaction to key economic and geopolitical developments. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
OANDA:XAUUSD
by lonelyPlayer0