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J-DXY

Sell Gold (Xau/Usd) Channel BreakoutThe XAU/USD 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 2465, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2425 2nd Support – 2403 Stop-Loss: To manage risk, place a stop-loss order above 2487. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
35
US Dollar Index Technical Forecast: USD Weekly Trade LevelsTechnical Outlook: In remaining month`s US Dollar Technical Forecast we mentioned that DXY was, “buying and selling into confluent guide this week on the 52-week transferring average / 38.2% retracement of the December rally at 103.96-104.26 – searching out a response / feasible rate inflection right here over the following few days.” The index grew to become better two-days later with USD surging greater than 2% off the June lows. The rally faltered at key resistance into the near of the month on the 2023 / 2024 high-week closes (HWC) at 106.10/11- the point of interest is on feasible inflection off this threshold with the long-bias susceptible whilst below. Initial weekly guide rests with the June low-week reversal near at 104.ninety five sponsored through key guide once more on the 52-week transferring average / 38.2% retracement, now 104.21/26- losses need to be constrained to this threshold for the January uptrend to stay viable. Broader, bullish invalidation regular at 102.87/99- a area outline through the 61.8% Fibonacci retracement of the December rally, the 2016 high-near, and the 2023 January low-week near (LWC). A topside breach / weekly near above 106.10 might be had to mark uptrend resumption with next goals eyed on the 50% retracement of the 2022 decline / 2023 highs at 107.18/34 and key resistance on the 100% extension of the 2023 advance / 61.8% retracement at 108.38/97- search for a bigger response there IF reached.
TVC:DXYLong
by Chart_MasterPro
DXY political elections| FOR MORE INFO READ THE SIGNATURE SPACE AT THE BOTTOM | Good morning Traders. I kindly ask you to leave a like on this post and follow my profile to support my free dissemination. It costs you very little but makes a huge difference for me. | DXY AND TRUMP? | Could another Republican show us a bearish dollar again? From the chart, we can see that Democrats have always pumped the dollar. Is it a coincidence? We'll see what happens. But now??? Biden has resigned. Will he stay until November or will Kamala take over early? Does it make sense to let a president take office who still has to go to the polls? What could we see? What will happen in the coming months? For now, I can't see the future, but as soon as I know, I'll tell you. For doubts, questions, or requests, comment or write to me! I will be happy to answer you. -HAPPY TRADING -MANAGE YOUR RISK -BE PATIENT (For more info, read the signature space.)
TVC:DXY
by X_GoldenBoy_X
DXY declined when Biden withdrew from the White HouseDXY: The USD index in today's session has reacted to a decrease and correction right after the information last weekend. Showing a bearish outlook in the context of Biden's withdrawal from the white house. The scenario in today's trading session is that DXY is expected to continue to weaken. Ace, please consider selling with USD US President Joe Biden introduced the stop of his re-election marketing campaign on July 21 (US time) and nominated Vice President Kamala Harris to update him because the Democratic presidential candidate. In the assertion on This week, he's scheduled to present a public speech. Being your president is the greatest honor of my life. Although I intend to run for re-election, I believe that for the best interests of my party and the country, I should stop and only focus on completing my presidential duties," Mr. Biden wrote. A few minutes after the above message, he wrote another message supporting Ms. Harris. "I chose Ms. Kamala Harris as my vice presidential candidate in the 2020 race. And it was the best decision I made," he continued.
TVC:DXYShort
by TheLeader_WOLF
USDCAD - A MEGA Drop Inbound!Complex is an understatement for USDCAD. As you can see from the chart, we have been meticulous in our analysis. To put it plainly. we are in a major WXY correction (3-3-3). We are in the final stretch of the correction (Wave Y), which appears to be a 535 zigzag. We are currently in subwave 2 and looking for a massive move down to complete the overall WXY correction. Trade Idea: - Watch for subwave 2 to complete - Once at the top of the structure, watch for rejection - Enter when reversal signs appear - Targets: 1.34 (400pips), 1.31 (700pips) Goodluck and as always, trade safe!
by WicktatorFX
5
DXY:Will Fed Cut Rates in September?Hey Traders, In today's session, we're eyeing a potential selling opportunity in the DXY around the 104.600 zone. Currently, DXY is in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 104.600. From a fundamental perspective, the downtrend in inflation and easing economic conditions in the US suggest that a rate cut might be on the horizon in September. This dovish environment could weaken the dollar further. Stay cautious and trade safe, Joe
TVC:DXYShort
by JoeChampion
7
GBPUSD Medium cycle GBPUSD was in the bullish channel and now its broken that and its on a supportive level. According to my last idea, i said if its hunt the channel sooner that we expected its show the bearish trend power. Then the bullish channel broke. but now the price on a supportive level and i think the trend can reversal. also the DXY confirm that because its in a resistance level. its show dollar will be weak. Its just my personal comment please don't trade whit this. I have no responsibility for your money.
Long
by Arco-ir
DXY Will Move Higher! Long! Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 103.836. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.502 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Unlocking BTC's Potential: Deciphering the Role of DXYTo truly navigate BTC's complexities, one must first grasp the intricacies of DXY's movements. The U.S. Dollar Index (DXY) is on the brink of completing a double top pattern, possibly reaching a higher high (HH). In September 2022, when DXY last peaked, BTC simultaneously hit a low near $16,000. This historical correlation suggests a strong likelihood that DXY will break out from its current consolidation phase and ascend to a higher high, establishing a double top. When DXY begins to retreat, BTC is poised for its next substantial upward movement. This inverse relationship underscores the critical need to closely monitor DXY to accurately forecast BTC's trajectory.
TVC:DXYLong
by stavkog
DXY Heading Lower Toward Bitcoin Rally Zone The DXY is in a downtrending channel and despite today's small bounce based on MFG data, it's still looking like it will lose this key level in the coming days. This brief cool-off period before the 23rd when the ETH ETF is schedule to start trading would make sense and with BTC retracing from the strong sell order blocks at $66k which I've been talking about for over a week. The big question will be -- If BTC can break above the 5th attempt at the upper trendline resistance and close back above $72k and then a new new ATH over $74k. THEN I'll be convinced we do head hither. Until then, I recommend cautious optimism, taking profits along the way and being ready to get out of this market. The cycle low should be later in August, but we'll see.
TVC:DXY
by BrettFogle
GOLD → Consolidation before rising to 2500...FX:XAUUSD after breaking through trend resistance is forming a consolidation, just like the dollar. Sellers start selling on indicators and MM may set a trap before further growth. Technically and fundamentally gold has a favorable environment. The price is in the buying zone and in the ATH zone. There is a lot of support (obstacles) from below, and there is emptiness from above and nothing prevents to go up. There is consolidation on H1 and all technical conditions are favorable for the continuation of growth. BUT! There is an interesting pattern forming on H1-M30, which can give a small correction as a trap for sellers before further growth. Now a lot of selling is forming on indicators (overbought, rsi, macd and so on), accordingly, MM may show a reversal. The whole emphasis is on 2461, If the price fixes below, the gold may be driven to the liquidity zone: 2450, 2440, 2430 before further growth. Resistance levels: 2475, 2484 Support levels: 2461, 2450 If the price consolidates below 2461, a retest of the support is possible before further growth. If a rebound is formed, consolidation above 2467-2475, we should wait for a retest of resistance with a breakout attempt. Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
39