Are we going to 103?TVC:DXY CAPITALCOM:DXY
The uptrend was broken at a strong resistance with a retest of the trend and resistance, I think the price will go down, also we have a gap at 103 which I think will close soon .
waiting ...
USDX trade ideas
ABC Correction perfection A Beautiful ABC pattern
Lines up perfectly with :
- Previous range Point Of Control
- Previous month Value Area Low
- A Daily Naked
- The 1 to 1
- Global Swing Low Avwap
Elliot wave theory
I expect early next week being hit. Then target the highs for a wyckoff distribution pattern.
People are already positioning EU swing longs, without a spring.
We need to punish dem early bulls 🏌️♀️
CAPITALCOM:DXY OANDA:EURUSD CME:6E1! ICEUS:DX1!
Daily CLS, Order Block Midpoint, Model 1Daily CLS, Order Block Midpoint, Model 1.
At the moment price action is still bullish. I would like to see a reaction on the levels below. If we lose these levels then HTF reversal is in play.
Don't hesitate to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
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US Dollar Currently the price is in a consolidation where we have sellers dominating. The participants are price takers and we need more buyers to continue and so we need more demand. to make the market there must give the opportunity to people to come and buy therefore come to the level of the price takeoff in a demand zone of January 27 and there people can buy to create a new high
Highlights of J.Powell's monetary policy testimony1. Interest rate outlook: Reiterating that there is no need to rush to adjust interest rates. If the economy remains strong and inflation does not get close to 2%, policy can remain prudent for longer. If the labor market weakens unexpectedly or inflation falls more than expected, policy could be loosened modestly.
2. Inflation situation: Long-term inflation expectations appear solid. Inflation is close to the 2% target, but still a bit high. Focus on achieving your dual goals. The Fed's framework review will not focus on inflation targeting.
3. Labor market: Unemployment rate remains low and stable. The labor market situation has cooled after the previous overheating period and remains solid, not becoming a source of inflationary pressure. The labor market situation in general remains balanced.
4. Banking supervision: Commit to adjusting banking supervision activities, avoiding creating excessive burdens for banks. It is necessary to reconsider the "non-bank" issue. Committed to the ultimate goal of completing Basel III.
5. Long-term interest rates: The Federal Reserve cannot control long-term interest rates, and the reason long-term interest rates are high has nothing to do with Federal Reserve policy. Long-term interest rates are determined by supply and demand in the bond market.
6. Tariff issue: I still maintain my previous view that countries implementing free trade will have faster economic growth. The Federal Reserve declined to comment on the Trump administration's tariff policy.
7. Housing issues: Fannie Mae and Freddie Mac may lower mortgage rates. Even as interest rates fall, the housing shortage continues. It is unclear whether interest rate cuts will lead to a reduction in housing inflation.
8. Other highlights: If the Consumer Financial Protection Bureau (CFPB) is shut down, there will be a gap in consumer compliance protections. There is no possibility of launching a central bank digital currency.
DXY ProjectionCorrection into the 4h swing low should reject and target previous day low. From there it should reject and target previous day high during CPI
#DXY 1DAYDXY (1D Timeframe) Analysis
Market Structure:
The price has broken below the uptrend support, signaling a potential shift from bullish to bearish momentum. This breakdown indicates that buyers were unable to sustain the upward trend, leading to increased selling pressure. Additionally, a sell engulfing candlestick has formed, further confirming bearish sentiment.
Forecast:
A sell opportunity is expected as the breakdown of uptrend support and the sell engulfing pattern suggest further downside movement.
Key Levels to Watch:
- Entry Zone: After a confirmed breakdown and possible retest of the broken support as resistance.
- Risk Management:
- Stop Loss: Placed above the broken support or recent swing high.
- Take Profit: Target lower support zones for potential downside movement.
Market Sentiment:
The combination of the uptrend support breakdown and a sell engulfing pattern indicates that bearish momentum is increasing. Waiting for confirmation of continued selling pressure will help align with the prevailing market trend.
DOLLAR INDEX (DXY): Bullish Rebound from Trend LineThe Dollar Index has approached a key upward trend line.
After a sharp decline, the market seems overbought, and the formation of a cup and handle pattern suggests weakening selling pressure.
A retracement to 108.80 is expected.
Dollar Index Bullish to $111.350 (UPDATE)The Dollar bulls have started this week bullish, alongside Gold. Both markets currently are moving with a positive correlation, which don't happen very often.
We are still within our 'Wave 5' bullish move & we expect this move to carry on towards $111.350✈️
DXY Will Go Down From Resistance! Short!
Here is our detailed technical review for DXY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 108.210.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 107.439 level.
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.
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DXY going to the sky DXY is preparing to shoot to the moon already because its above the support zone we are waiting for confirmation on Tuesday signal entries will be shared with my students
DXY (Dollar Index)After breaking out of a rising wedge price failed to break lower. The 107.48 area is acting as a strong support together with a Bullish Order Block at 107.200
Once price breaks past the 109.380 level I'm anticipating a return/retest on that level for a re entry opportunity. More updates to follow
Dollar Index - Trump & TariffsWith a lot of fundamental conflicts at play, one being the tariffs war on China, EU, Mexico and Canada (we don’t know yet if any more countries will be affected), we are seeing the result in price action.
We are trading in a range from 110.176 - 106.969 and so far, Dollar has managed to support the weekly BISI @ the 107.500 region but also trade up to and reject the 109.770 HTF PD array.
Ultimately, it will be fundamental news that will grant dollar the necessary volatility to run to liquidity pools. My guess, to the downside
DXY Weekly BiasMy bias for this index is bearish considering that we retested and confirmed the Weekly Bearish Order Block at 109.65.
I do anticipate that the index might be attracted towards Sellside Liquidity at 107.27, 106.95 ,and 105.4.
Our daily setup will further give us the best entry and stop loss.
$dxy 103.65 stoch topped out and assuming we cross it to the downside and loose 103.65 to start the acceleration to the downside
alternatively flip yellow line and breaking out would be no bueno
assuming it does start its descent would be a life saver for quite a few currency which have been struggling and give some relief along with making those countires more attractive to invest in with a currency on the up .
should be fun to see what happens either way took 12 years for the rsi to come here so not going to happen overnight hence the max zoom out.
Monthly CLS, Key Level OB, Model 1price is between the two levels and monthly CLS is playing out. We are in the multiple months highs. It still didn't break bullish structure, but I would be cautious with longs.
‼️FED announced end of quantitative tightening. If something ending something starting - quantitate reasoning in other words - printing.
I see a 50% chance that reversal is forming
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“Adapt what is useful, reject what is useless, and add what is specifically your own.”
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My model say DXY will retrace smallI just saw a possibility of a small retracement in DXY. You can take it as a trade advise or wait for an opportunity to sell higher.
I'm still overall bearish, till around year end, it's just that I saw a possibility of a retracement. I will update you guys when I'm sure it will sell again.
I will like for this move to play out today or next and set the tone for the next leg down.
This is counter trend, trade wisely
Bearish drop?US Dollar Index (DXY) has rejected off the pivot and could drop to the 1st support that line sup with the 161.8% Fibonacci extension.
Pivot: 107.49
1st Support: 105.44
1st Resistance: 108.67
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DXY. Attempt to change the trendHey traders and investors!
In a recent analysis of the AUDUSD currency pair (available in related posts), I mentioned a high probability of a reversal forming on the weekly timeframe. This conclusion was also supported by the situation on the daily timeframe. Currently, a similar situation is observed with the US Dollar Index.
This review illustrates the relationship between different timeframes, aiding in making better decisions in asset analysis and entry point identification.
1D Timeframe
The US Dollar Index (DXY) is in a downtrend on the daily timeframe after breaking down from a consolidation range. The boundaries of this range are marked by black lines on the chart. A key level protecting the breakout from the range is 106.957, which marks the beginning of the last seller's impulse.
At the start of this impulse, a seller's zone formed (red rectangle on the chart). At the end of the impulse, there was a buyer's bar with increased volume, indicating buyer interest at these price levels. The volume in this bar is concentrated in its upper part (blue line on the chart), suggesting potential seller interest.
Key Levels on 1D Timeframe:
Key resistance (start of the last seller's impulse): 106.957
50% of the last impulse: 106.435
Last impulse low: 105.913
Trading Recommendations:
Selling:
Look for selling patterns near resistance levels, especially around 106.957.
Buying:
Currently, there are no conditions for buying (bearish trend). Buyers need to consolidate above 106.957 to change market dynamics and create opportunities for buying patterns.
Now let's analyze a higher timeframe to understand potential downward targets and obstacles. In my opinion, the 11-day timeframe shows the situation best.
11D Timeframe
On the 11-day timeframe, the price is moving within a sideways range, with the upper boundary at 106.952 (close to the daily level of 106.957) and the lower boundary at 99.099.
The last realized vector in the range is a buyer's impulse 7-8. The key bar of this impulse (highest volume) is located in its middle (marked as KC on the chart).
The price broke above the upper boundary of the range during this impulse. However, the seller returned the price into the range, forming a seller's zone above the upper boundary (red rectangle on the chart). This seller's zone corresponds to the daily range.
All of this appears as manipulation (false breakout) of the upper boundary of the range. The current seller's vector is 8-9, with a potential target of 99.807 (99.099).
Obstacles for sellers include the key bar of the buyer's impulse, inside of which is the 50% retracement of the last impulse. I expect the first buyer reaction (long bar on the 11D timeframe) after the price declines to the range of 105.112 - 104.843.
Thus, the 11-day timeframe supports the conclusion on the daily timeframe about the advisability of searching for short positions. Similarly, one can analyze a smaller timeframe, for example, the hourly, to look for short entry patterns.
Key Levels on 11D Timeframe:
Upper boundary of the range: 106.952
50% of the last buyer's impulse: 104.843
First target for selling (PT Short): 99.807
Lower boundary of the range: 99.099
I wish you profitable trades!
Viper Sunday Weekly Forecast Taking a look into the week ahead and what we can expect with news events. How will they effect the markets and what general direction or trade setups we can hope for this week.
Breaking down DXY, US30, Nas100, Gold, Oil, Forex pairs.
US dollar to 112-113 on a completed gartley. Looks like the dollar is set to head back higher for a run at 112-113. Let’s see if we can catch a bid here.
