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J-DXY

AUD/JPY UPDATE**AUD/JPY Faces Sharp Rejection at 100.00: Bearish Momentum Set to Test Key Support** The AUD/JPY pair recently attempted to breach the critical psychological barrier of 100.00, but this move turned out to be a classic fake breakout. After briefly touching this significant level, the market swiftly reversed, with a prominent bearish candle signaling a rejection of the resistance zone. This failure has reignited selling pressure and suggests that the market’s bullish momentum is faltering. In recent weeks, AUD/JPY has been trading within a broad range, oscillating between the support at 93.00 and resistance at 100.00. With the recent rejection near the top of this range and the subsequent break below the upward trendline, the technical outlook has shifted decisively bearish. The break and close below the trendline is a crucial signal, indicating that the previous bullish structure is no longer intact, and sellers are regaining control. Given this setup, we are likely to witness a sharper decline in the coming sessions, with the market potentially heading towards a retest of the lower end of the established range. My immediate target is the key support level at 96.20, which could act as a temporary floor before further downside or a potential reversal. This support zone is critical, as it aligns with historical price reactions and could either trigger a bounce or open the door to deeper corrections. To sum up, the rejection at the 100.00 level, coupled with the break below the trendline, points to increased bearish momentum in AUD/JPY. A retest of the 96.20 support level seems likely in the near term. Traders should monitor this zone closely for clues on whether the bearish momentum will persist or if buyers will attempt to defend the support and push prices back towards the upper end of the range. 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!
Short
by lonelyPlayer0
EUR/USD UPDATESince the onset of the Asian session, the pair has been gaining upward momentum, inching closer to the critical resistance at 1.1200. This psychological level exerts significant influence on the market, and breaking through it is likely to present a considerable challenge on the first attempt. Historically, such levels often act as formidable barriers, requiring sustained buying pressure to be overcome. On the H4 and H1 timeframes, early signs of a rebound are beginning to take shape, suggesting that the market may be due for a pullback before another leg higher. On the D1 chart, a broader trading range between 1.1200 and 1.1050 is emerging, with the price showing potential to exit a descending wedge pattern—a bullish technical signal often associated with trend reversals. However, despite this positive setup, the current strong distribution around 1.1200 suggests that the market lacks the immediate strength to breach this key resistance zone. In the short to mid-term, I expect the price to retreat slightly or consolidate within a narrower range between 1.1200 and 1.1140, possibly extending to 1.1110. Once this consolidation phase stabilizes, the pair may mount a renewed attempt to retest the upper boundary of the range. Should this occur, a successful breakout above 1.1200 would open the door for further bullish expansion, with potential upside targets around 1.1270 and 1.1350. Key resistance remains at 1.1200, while support zones are found at 1.1140 and 1.1110. Above 1.1200, there is a significant pool of liquidity, which could act as a magnet for market participants. This dense liquidity zone may not be easily overcome, requiring multiple tests before buyers can decisively push through. In conclusion, the market appears poised for a brief correction or range-bound consolidation before a more decisive move takes place. A break above 1.1200 is likely to signal the continuation of the bullish trend, with the next leg potentially targeting the 1.1270-1.1350 region. Traders should closely monitor price action around these critical levels for signs of a breakout or reversal. 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!
Long
by lonelyPlayer0
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone, In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2. Inside the Wave 2, we encounter ourselves inside the Wave C already. The Wave C is about to break the 100 support area, and targeting at least 92 target. The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A. Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
TVC:DXYShort
by xReve
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone, In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2. Inside the Wave 2, we encounter ourselves inside the Wave C already. The Wave C is about to break the 100 support area, and targeting at least 92 target. The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A. Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
TVC:DXYShort
by xReve
Continued fall of the dollar index DXY. H4 30.09.2024Continued fall of the dollar index DXY The dollar index is moving downwards without changes. There was an attempt to trade, above which it was not allowed to consolidate and eventually fell. I showed this in the last analysis and now I am aiming at the support levels around 99.20. Perhaps they will just make a false update of the low and come back, it is not known in advance, but at the moment we are trading near the visible support and so far without an upward reaction. Therefore, 99.20 is the next strongest level in recent years and it is ideal to test it before a reversal. TVC:DXY
TVC:DXYShort
by KovachTrader
Levels discussed 30th September 30th September DXY: Price could retrace from 100.40 to 100.55 and possibly retest bearish trendline. But overall downtrend, with support at 100.20 NZDUSD: Sell 0.6345 SL 20 TP 45 AUDUSD: Sell 0.6955 SL 20 TP 50 GBPUSD: Sell 1.3355 SL 20 TP 50 EURUSD: Buy 1.1175 SL 20 TP 40 USDJPY: Sell 141.50 SL 50 TP 130 USDCHF: Buy at 0.8440 SL 20 TP 70 USDCAD: Buy 1.3545 SL 20 TP 50 Gold: Could consolidate between 2640-2652 range, If broken lower, could trade down to 2616.
TVC:DXY
by JinDao_Tai
USDJPY → No upside potential. Prepare to fall!FX:USDJPY is facing a sell-off at the end of last week, which proves that the currency pair is not ready to go up. The dollar still continues to prepare for a breakout of 100.0. The currency pair is not able to approach the local highs, however, after the reduction of interest rates in the U.S. Japan refrained from any economic decisions regarding this issue. The pressure on the dollar has a corresponding effect on the currency pair. At the moment the price is facing a strong support at 141.74, from which a small correction to the liquidity or imbalance zone may follow, but with a high probability (technical and fundamental nuances) we may see a continuation of the fall. Resistance levels: 143.25, 144.0, 145.18 Support levels: 141.74, 139.5 In the short term, I expect a slight pullback followed by a continuation of the fall, breakdown of the key support and price decline to 139.5-138 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Short
by RLinda
8
USDJPY - Short Trade Idea This is a short trade idea on the USDJPY pair. Recently, we traded into a 4M and 11M BISI, had a nice reaction to a Premium Array, now we had a breakdown again. Because of the Japanese Central Bank's decision to increase interest rates, I am expecting price to take a further nose dive. I have 2 targets based on my profit-taking criteria. 1st is the swing low as a Discount Array, and 2nd/final target is a 2D BISI below some relative equal lows. Depending on where price closes today, I would be anticipating price to trade back up into a 2D iFVG that was a previous R2F signature BISI on the 2D timeframe. Safest stoploss before invalidating the trade is at the swing high before the sudden dump at Japan election news. Let's see! - R2F
Short
by Road_2_Funded
XAUUSD 29/09/24This week on gold, we maintain a similar overall outlook, with the price action expected to continue moving upward. Take note of the previous high. If a pullback occurs due to any fundamental factors, particularly the potential conflict in the Middle East, there may be opportunities to go long from the highlighted areas. However, if no pullback occurs, expect the price action to continue rising. If we move higher from the current levels, the recent high will likely be taken out. Conversely, if we move lower from our current position, the probability of reaching the high remains strong. Be sure to note the liquid lows, which are in line with both the short-term trajectory and the longer-term trajectory, aligned with higher timeframe demand.
OANDA:XAUUSD
by rosshayes
EURUSD 29/09/24Starting the week with the Euro to U.S. Dollar. Following last week, we saw a clear push to the upside, with price action generating solid movement in an uptrend. We expect this momentum to continue as the U.S. Dollar shows signs of weakening. This suggests a high probability of price action moving toward the previously established high, which serves as a key area of trajectory, clearly pointing upwards. This is a leading indicator of a potential new high being formed. Additionally, there are areas of liquidity and demand, which are crucial points of interest should we see a pullback. Keep in mind, our daily trajectory is clearly bullish. However, if we break below the trajectory low and fail to react to the demand area, I would expect price action to decline further, taking us to the lower end of the range on the higher timeframe. Stick to your risk. Always follow your trading plan.
by rosshayes
DXY Is Bearish! Sell! Take a look at our analysis for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 100.412. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 99.698 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:DXYShort
by SignalProvider
Could this be the fall of the Dollar???The dollar is about to break the last significant structure on the monthly time frame. We have seen the dollar dropping over the last few months after its reaction from the last swing high. Market structure shows price creating lower lows and lower highs which are confirmed by endless BOS. We can see a clear 11min OB has been left from the last low that price created once it tapped into the 18h demand which may allow us a buying opportunity to buy the dollar up to the 1h supply where we will continue to see it fall to it's untimely demise. previous price action from this 18H however, didn't create much movement despite the fact it also took ASL liquidity possibly suggesting buying power in the market has no strength what so ever. We have to also consider the possibility price may not even be able to push back up but rather fall targeting the Asian lows as this would be considered a magnet for price movement.
TVC:DXYShort
by JamelCapital