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J-DXY

SasanSeifi| Mid-Term Bearish Outlook for Dollar Index! (5Day)Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains predominantly bearish. It is expected that, in the midterm timeframe, the price will move toward the identified demand zone, with a potential decline to the corrective target around $99 to $98.73, especially after breaking the $100.600 to $100 range. Once this area is reached, there is a possibility of a positive price reaction. To better understand the future movement of the Dollar Index, it's crucial to closely monitor how the price reacts to these corrective targets. However, if the downtrend continues and the $98 level is breached, and the price stabilizes below it, the next corrective target could be around $97.50 to $96. To better understand the future movement of the Dollar Index, it's essential to keep a close watch on how the price reacts to these corrective targets. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
TVC:DXYShort
by SasanSeifi
GOLD SHORT TO $1,964 (4H UPDATE):Our Gold short analysis is moving as predicted. Buyers tapped into our supply zone, peaked at a high of $2,532 & has now melted back down 300 PIPS so far! This is only the START OF THE CORRECTION, before Gold allows us to buy it back at a cheaper price & target new high's in the market🚀 Personally, I did not manage to get into this sell position as I was away from the charts & busy. But I will look for a re-entry on the smaller TF's if markets present an opportunity.
PEPPERSTONE:XAUUSDShort
by BA_Investments
DXY Is Bullish! Buy! Take a look at our analysis for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 101.503. The above observations make me that the market will inevitably achieve 102.220 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Levels discussed on Livestream 21st August21st August DXY: Look for retracement to complete, continuation of the downside, below 101.30 could trade down to 100.80 (hesitation at 101.10) NZDUSD: Buy 0.6170 SL 20 TP 45 AUDUSD: Looking for reaction at 0.68 resistance level GBPUSD: Buy 1.3055 SL 40 TP 80 EURUSD: Buy 1.1150 SL 30 TP 100 (hesitation at 1.12) USDJPY: Wait for retracement to complete before continuation to downside. USDCHF: Sell 0.85450 SL 20 TP 40 USDCAD: Buy 1.3650 SL 20 TP 40 Gold: Below 2500 could trade lower to retest 2480 support, look for reaction there.
TVC:DXY
by JinDao_Tai
GOLD → Traders consolidate ahead of news...FX:XAUUSD is forming a trading range. The emphasis is on 2531 - 2485. On the background of profit-taking, before the news, the price may test the support before further growth. . The fundamental environment is the same: tensions in the Middle East and focus on Powell's comments on Wednesday and Friday. Today it is worth paying attention to the FOMC meeting, which will take place at 18:00 GMT. People are not interested in the rate cut itself, but in hints, comments and statistics. Technically, the global bullish trend continues, but before the news traders are not ready to take any important actions to continue the trend. On the background of profit-taking or manipulation, the price may come down to liquidity zones before further rise. Resistance levels: 2510, 2525, 2530 Support levels: 2495, 2488 The focus of his trading strategy is to build a bullish trend, which is still dominating the gold market. But, it is worth paying attention to the news. Regards R. Linda!
FX:XAUUSDLong
by RLinda
3
Dollar could be trapped within huge consolidationMarket corrections are tricky and in this post you can see why. Dollar index weekly chart shows signs of large sideways consolidation (aka flat correction, range) after a strong drop marked with the orange down arrow 1. This consolidation passed halfway as we can see all first moves are completed. The first major yellow counter-move is done; it will be connected with the last yellow upmove through two white and two red counter-moves. Why corrections are tricky? Because they last longer than many think, usually longer than the preceding move. Currently, first legs took the same time as the whole first orange leg down, therefore it will take almost same amount of time furthermore. After completion, the second orange leg down could resume to hit $93 (orange leg 1 = orange leg 2) or even lower to retest the valley of Y2021 at 89.6
TVC:DXY
by aibek
DXY just printed 3 red soldier pattern on the 1day chart3 red soldiers, also known as 3 black crows, is when the price action forms 3 candles in a row of similar body length with very small wicks on both ends of those candles. This usual signals that there is more downside to come. We can also see here that we have now closed to full candle bodies below the ascending channel for the first time. The measured move breakdown target from the channel is at $96. I would not be surprised if we saw a dead cat bounce back up to retest the bottom trendline of that channel as solidified resistance before the full breakdown Also of note is the 200 weekly moving average (not shown here) is currently around 100.25 so that could provide at least temporary support before it reaches the full breakdown target of the channel. *not financial advice*
TVC:DXY
by DrDovetail
Bearish Intraday Momentum in DXY: UPDATEUS released better than expected data and pushed the market up into the next resistance zone. one more chance for shorts but if 103.35 breaks its time to rethink the bearish bias "DXY is showing bearish momentum in the intraday charts, with the price encountering resistance and struggling to maintain recent highs. The indicators reflect a downward trend, signaling potential weakness ahead. This setup could lead to further declines if the current momentum persists. Let’s keep a close eye on the developments!"
TVC:DXYShort
by trader9224
DXY is under 102.00 what now?(08/20/2024)DXY finally hit our target under the 102.00 zone. Since 1 August, DXY has dropped continuously. Right now we are looking for a reversal pattern near the 101.4-101.8 zone. our view has been negated if the price breaks below the 100.650. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
TVC:DXYLong
by fortunamarkets
Levels discussed on Livestream 20th August20th August DXY: Retracing, needs to stay below 102.10 for continuation to downside. Below 101.80 could trade down to 101.45 NZDUSD: Buy 0.6165 SL 20 TP 50 AUDUSD: Buy 0.6735 SL 25 TP 60 GBPUSD: Look for reaction at 1.3040 resistance EURUSD: Could retrace down to 1.1045, Buy 1.1055 SL 20 TP 70 (hesitation at 1.1090) USDJPY: Sell 146.80 SL 40 TP 120 USDCHF: Look for reaction at support level, Sell 0.8540 SL 30 TP 90 USDCAD: CPI Pending, Needs to break support, Sell 1.3585 SL 20 TP 60 Gold: Inverted Head & Shoulder, Broken 2510, could reach 2520, beyond that, 2530!!!
TVC:DXY
by JinDao_Tai
DXY Big Long Momentum Ahead ?!The Dollar Index (DX1!) has been in an uptrend since the spring-summer of 2008, when it reached its lowest point. Since October 2009 (after the first leg down of the uptrend), whenever the net positions of retailers in the CoT report turn negative (or approach zero) AND retailers reach an extreme low in the CoT index (either in the short-term OR long-term), a significant run-up typically follows. Please note that these are weekly charts. The only exception was in June 2020, when the price continued to decline until later that year in December, which ultimately led to a substantial 2-year uptrend. At the same time, the 5, 10, and 15-year seasonality indicators show that we are currently at the bottom, which is expected to last until the end of September, suggesting an uptrend. Additionally, there is a weekly demand zone ahead around 101.400 - 100.320. If enough participants join in, a significant run-up is expected. The fundamentals are in place; we just have to wait and see if the demand zone holds. BE AWARE, this is the Dollar Index, which means all other major currencies, especially EURUSD, will be affected if this scenario plays out.
ICEUS:DX1!Long
by XardasX
1
DXY Bullish this week from 101.200?The DXY is currently in an 8-hour imbalance, which could give us an initial bullish reaction. Although price has already broken structure to the downside and shown strong bearish pressure, I expect this bearish momentum to weaken. Once price reaches the 14-hour demand zone, I will be looking for a stronger bullish reaction back up. If price retraces from either of these zones and moves back to the daily supply, I will then expect the bearish order flow for the dollar to continue. Since this is a clear bearish price structure, any upward movement will likely be short-term and temporary until the daily supply zone is mitigated. This aligns with my analysis for GBP/USD (GU) and EUR/USD (EU), where I'm looking for short-term sells before entering buy positions. Similarly, for the dollar, I'm expecting a small upward move before it continues its decline. Have a great trading week, everyone!
TVC:DXYLong
by Hassan_fx