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DXY D1 - Short Signal DXY D1 Some large market gaps seen across US30 and US100, XAUUSD also gapping to the downside, trading as low as $2725/oz. DXY still remains below our area of resistance and supply, which trades at around 104.500 price. 105.000 would usually be a good technical psychological trading zone, that being said, there isn't much else on that price that would act as any real method of confluence for the moment. Lets see what happens around this 104.500 price level, we have had a couple of days trading into that zone and a red engulfing candle close on that daily timeframe back on Thursday last week. Could we expect some dumps on DXY this week?
TVC:DXYShort
by Trade_Simple_FX
BoC Rates Decision Pending22nd October DXY: Currently at 104.30, expecting further upside, needs to break 104.45 to trade up to 104.80. NZDUSD: Sell 0.6015 SL 20 TP 40 AUDUSD: Sell 0.6635 SL 20 TP 65 GBPUSD: Sell 1.2950 SL 40 TP 130 (Hesitation at 1.2880) EURUSD: Sell 1.0760 SL 30 TP 80 USDJPY: Buy 152.70 SL 30 TP 130 (hesitation at 61.8% 153.30) USDCHF: Buy 0.8710 SL 15 TP 40 USDCAD: Buy 1.3860 SL 20 TP 60 or (counter trend) Sell 1.3920 or 1.3820 (need to hear hawkish BoC) Gold: Buy on retracement, or scalp up to 2760 and 2768
TVC:DXY
by JinDao_Tai
what structures are saying for the dollarplease Traders speak your mind and tell me how you see it. As a wave trader what the structure is showing me is that it has a full 5 wave corrective upwards and even there are signs of change of trend and clear 1-2 waves which I expect to be 5 wave structure before bigger correction, and for example are the ghosts candle patterns which are copies of the white line structures. It doesn't necessarily need to look alike but clearly change in trends are on the way. And as this is weekly chart so this might take time.
TVC:DXYShort
by sharing_is_caring
Levels discussed on 22nd October Livestream22nd October DXY: retracing, testing 103.80 support level, needs to stay above 103.60, to continue uptrend to 104.20. NZDUSD: Sell 0.6015 SL 20 TP 40 AUDUSD: Stays below 0.67, Sell 0.6680 SL 20 TP 60 GBPUSD: Retracing, Look to test and reject trendline, Sell 1.3025 SL 20 TP 50 EURUSD: Look for reaction at 1.0780 support level or 1.0870 resistance level USDJPY: Buy 151.15 SL 40 TP 65 USDCHF: Sell 0.8630 SL 10 TP 20 USDCAD: Buy 1.3860 SL 20 TP 60 Gold: Look for retracement possibly to 2715, buy on dip, for 2750 target
TVC:DXY
by JinDao_Tai
Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level. Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully. From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move. Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.
Editors' picks
TVC:DXYLong
by Mihai_Iacob
15
DXY D1 - Short Signal DXY D1 Cleaning up our dollar index chart here, we have previously been following the price level of 103.000, then 103.300 and now we are looking at this 104.000 whole number. This would be an area of resistance we would yet again expect a rejection. Of course, we have exploded through both previous zones, after some consolidation. Without trying to catch a falling knife, so to speak… There certainly should be a correction due on the dollar index in the near future. The bullish D1 candle run has been insane, I’d like to see a correction to around 102.000 after testing 104.000 territory. Barriers in the interim sit at 103.300 support and 103.000 support respectively, simple resistance to support and support to resistance as we break and move beyond certain trading zones.
TVC:DXYShort
by Trade_Simple_FX
Pay Attention: Looking At The US Dollar Into 2025If you have been watching over comments out of the FED, or the direction of the US dollar and its flow through the Markets, then this will act as a key guide for anticipating and understanding potential moves. For a considerable period, the DXY has floated within a reasonable range. The predictability this has brought has been coupled with the ebb and flow of 'Soft landing' predictions. Sentiment Case - Over the last 2 years, anything that comes across the wires to improve and make this view look more likely feeds weakness into the DXY, mostly because of the potential of lower rates in a quicker period. Recent jobs and retail sales data has affected this view and thus caused strength to the upside again). Price Action - Understanding that the upper and lower boundaries of this range are key indicators for short/long entries respectively is vital to success. These areas are obviously warranted by previous trading activity seen. The only thing that'd break this is increased risk on/off sentiment to take us higher or lower. Risk off would include a real worry amongst markets and USD inflows, the opposite would include risk on and further USD weakening. The best thing to do really is to not try to 'predict' when the range will break. If you'd traded within it for the last two years, your job would be plain, simple and easy. If news sentiment includes further data to suggest rates not falling as quickly as expected, then it's worth noting that these kinds of data (jobs/sales) will generally reflect well for the economic case and growth as they support it. You must be clear on sentiment drivers at all times and respect the levels present to the upside and downside. Within this, trade price action in reality with logic.
TVC:DXY
by WillSebastian
2