DXY trade ideas
DXYWe might have to amend my DXY strength bias as it was flawed because I did not take into account FOMC tonight. With expected rate cuts of 25 bips we might observe USD weaken. With DXY already near R1, we might observe USD weak today. two conflicting events happening simultaneously.
1. expected results of Trump's future policy
vs
2. 92% chance of a 25 bips rate cut tonight.
that will be interesting to watch how this plays out in coming weeks.
Bearish drop?US Dollar Index (DXY) has reacted off the pivot which aligns with the 161.8% Fibonacci extension and could drop to the 1st support which acts as a pullback support.
Pivot: 105.42
1st Support: 104.65
1st Resistance: 106.13
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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$DXY last gasp before the monetary reset. Sad.3-3-5 watching the expected rejection at the median line of the channel probably before pivoting and falling out the bottom. Sad times for many..
U.S. Dollar IndexHello everyone,
A quick look at the DXY index.
I had fun drawing a Fibonacci retracement, we can see that the levels are well respected.
It's up to you to agree, but the graph is there.
Make your own opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
Dollar Index Bullish to $109! (UPDATE)Huge, huge bullish momentum for the Dollar right now. On market open last night, price gapped up so that gap is one thing I will be careful with just in case price action wants to fill it in at a later date.
For now the DXY remains extremely bullish!
#DXY #trading #AnalysisDXY WILL GO lower from Resistance sell
please check our tecchnical outlook for dxy
The marketis testing a major horizontal stucture 105
taking into consideration the structure and trend line analysis i believe that the market will reach 103
How the U.S. Election Outcome Could Shape DXY's pathHey Traders!
In today’s trading session, we’re closely watching the DXY for a potential buying opportunity around the 102.800 zone. Recently, DXY has been trending downward but managed to break out of that downtrend, signaling a possible shift in momentum. Right now, it’s in a corrective phase and approaching the retracement level near the 102.800 support and resistance zone.
Fundamental Analysis: U.S. Election Impact on the Dollar
Today’s election could significantly impact the U.S. dollar, with the outcome likely to shape future economic policies. Here’s how each candidate’s policies might influence DXY:
If Trump Wins:
A Trump victory is expected to strengthen the dollar. Here’s why:
Higher Inflation and Interest Rates: Trump’s policies, including potential tariffs and stricter immigration, are seen as inflationary. Tariffs can increase the cost of imported goods, while reduced immigration may create labor shortages, both driving inflation higher.
Federal Reserve’s Stance: Higher inflation would prompt the Fed to reconsider future rate cuts and possibly lean toward raising rates to control inflation. Higher interest rates make the dollar more attractive, as investors seek better returns.
Tax Cuts and Economic Boost: Trump’s proposed tax cuts are likely to stimulate economic growth in the short term. A booming economy typically supports a stronger dollar as investors favor a robust market.
In this scenario, DXY would likely respond positively, and we could see a strong upward movement.
If Harris Wins:
On the other hand, a Harris victory could weaken the dollar due to different policy priorities:
Lower Inflation and More Fed Flexibility: Harris’s policies are expected to focus more on economic support, potentially through spending programs and fewer tariffs. Lower inflationary pressure gives the Fed more room to keep rates low or even consider cuts.
Market Reaction: Investors may anticipate a slower economic rebound, favoring a weaker dollar, as demand for safe-haven assets like the dollar could decrease.
Your vote is very important!
Joe.
top on the us dollar? Dollar has hit upside targets and possibly completed a B wave ... Lets see if we get the impulse down in a c wave toward 90
Dollar To The ''MOON''Price came in extremly bullish on dollar after the US elections. We expected this as we had previously drawn out that target. I still expect dollar to move higher and grab more liquidity but maybe after a retrace. Keep in mind there is FOMC tomorrow so trade lightly.
DXY is bullishDXY is temporarily bullish and wants to test its upper trendline once again
upon testing trendline DXY will decide which way to go according to its pattern
pls follow to see the result
DXY: Move Down Expected! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 104.810
Wish you good luck in trading to you all!
DXY Will Go Lower From Resistance! Sell!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 105.033.
Taking into consideration the structure & trend analysis, I believe that the market will reach 103.770 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!
DreamAnalysis | Trump’s 2024 Comeback Shakes Markets📈 US Elections and Markets: Bitcoin Hits Record $75,000 amid Trump’s Comeback
🌎 Global Market Impact from the US Presidential Election
With ballots still being counted, the financial world is buzzing with anticipation over Donald Trump’s possible return to the White House. This election has set off movements in stocks, the US dollar, forex pairs, and cryptocurrencies, affecting global markets even before an official result is announced.
🚀 Bitcoin Surges to All-Time High
Bitcoin spiked to an unprecedented $75,000 as market confidence grows around Trump’s chances. With Trump’s support for crypto-friendly policies, this is seen as a bullish indicator in the digital assets space.
💬 Elon Musk Comments on Trump’s Lead
Elon Musk, who publicly backed Trump, expressed that Trump’s comeback signals a “clear mandate for change” in the US. The statement has fueled excitement in both the stock and crypto markets, further boosting sentiment around Trump trades.
💸 Forex Markets React: USD Strengthens, Euro Declines 📉
The US dollar surged, with the Euro becoming the day’s weakest currency as it dropped 1.6% to hit a five-month low of 1.07 against the USD. According to Nikos Tzabouras from Tradu, “Lower taxes and deregulation could energize corporate profits and economic activity.”
- 💔 Mexican Peso Decline: The peso, one of the currencies most affected by Trump’s policies, saw a 0.5-point drop against the dollar. This reaction is reminiscent of its movements following Trump’s 2016 victory.
🇯🇵 Japanese Stocks Rally While Hong Kong Dips
- Nikkei 225 Gains: Japanese stocks soared by 1.5% as early results pointed to a Trump win. Charu Chanana from Saxo Markets noted that any likelihood of a Democratic sweep could impact equity markets but seems increasingly unlikely.
- Hong Kong Hang Seng Falls: The Hang Seng index started its day with losses, signaling regional volatility amid election uncertainties.
📊 Equity Markets Rise in the US
Both the S&P 500 and Nasdaq climbed over 1% on election day, showing investor optimism. However, volatility is anticipated to remain high as the final results approach, with investors keeping an eye on Trump’s confirmed leads in key states like Florida and Georgia.
🔗 Bond Market & Volatility Indicators
- Bond Volatility Eases: Despite gains in stocks, the BOA Move index reflects sustained bond volatility, though the VIX (stock volatility) fell slightly from 22 to 20.
- Stable Bond Markets: Investors expect bond markets to settle once results are finalized, though high levels suggest some caution.
💥 Crypto Market: Bitcoin Hits New High as Trump Backs Digital Assets
Bitcoin’s rise highlights Trump’s support for crypto policies and his “Bitcoin President” stance. While Kamala Harris’s approach to crypto remains uncertain, Trump’s endorsement has boosted the sector, giving confidence to the market and key players.
🔍 Key Takeaways: Market Sentiment Driven by US Election Results
The markets are showing clear signs of investor positioning as Trump’s lead becomes apparent:
- US Dollar Up: Any lead for Trump boosts the dollar, with high volatility expected to persist until results solidify.
- Cryptocurrency Surge: Bitcoin's 5% increase signals strong bullish sentiment.
- Forex Weakness: Major currencies, particularly the Euro and Mexican Peso, have declined against the USD.
👁🗨 Keep an Eye on: Key Influences and Volatility
With ongoing election results, financial markets, crypto, and forex are likely to fluctuate:
- Short-term Forex Movements: USD expected to be volatile.
- Crypto Optimism: Bitcoin and other digital assets may continue to climb.
- US-China Relations: Possible tariff adjustments with Trump’s agenda in mind.
Trump Reclaims US Presidency6th November President Trump!!!
DXY: Further strength expected to 105.45, could retrace briefly, needs to stay above 104.80. (beyond 105.45 could reach 106)
NZDUSD: Sell 0.5935 SL 20 TP 75 (hesitation at 0.5895)
AUDUSD: Sell 0.6560 SL 25 TP 80
GBPUSD: Sell 1.2810 SL 30 TP 60
EURUSD: Sell 1.0765 SL 25 TP 90
USDJPY: Buy 154.40 SL 45 TP 90
USDCHF: Buy 0.8710 SL 20 TP 40
USDCAD: Sell 1.39 SL 30 TP 70
Gold: Looking for reaction at 2733, beyond that could trade up to 2760
DXY May Test 106.00DXY May Test 106.00
Following Trump's victory, despite it not being official yet, the Dollar Index (DXY) suddenly bounced, confirming a strong bullish pattern.
What may happen next?
You may watch the video for further details!
Thank you:)
DXY bulls are enjoying the moment. But for how long?Yes, the positivity is coming in for DXY bulls, but is it just an illusion? Stick around and let's take a quick look.
TVC:DXY
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Analysis Dollar / DXYConsidering that elections were held yesterday, the market was manipulated overnight.
What I see from my analysis is that the Dollar is in the POI (Point of Interest) zone. Today, I will monitor the movement of EUR, GBP, as well as Gold. The forecast for these currencies is bullish.
Final stop hunt and now I speculate on weak USDThe price just shot up to the Monthly supply zone and was rejected. Othe pairs are on the levels too.
I think USD will go down from here
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
Gann Fan , Supply Demand, Fibo
Dollar can still go up to 105 levels, before it ...makes any significant pullback. US elections will have very volatile effect on USD and all currencies and actually all the markets. Its great opportunity to earn but also to loose money, be careful. I will be taking trades only if it will A++ setups.
You are very welcome to comment with your thoughts, share your charts or questions about COT or how I came to this setup. Just comment below, I like any constructive discussion.
If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
USDX-SELL strategy 3-Daily chartWe went lower at first followed by strong rally. The state has changed from overbought to neutral, and now starting overbought state again, but not extreme. The stochastic is negative still, and rest neutral position. My overall view is, we see still 103.24 - 102.20 in the medium term.
Strategy SELL @ 105.00-105.30 and take profit @ 103.37 for now.
US Dollar A look at some levels on DXY. Up or Down is a macro question, but the levels are the levels. Thyere in play.
