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It's Good To Be Back, With The Dollar Gold Shaping Up Before CPIHey there, Dollar: The dollar pulled back slightly early this morning from a two-year high as traders await key inflation data scheduled to come out later today. However, the focus remains the plans set by Donald Trump for more trade tariffs, with traders also waiting for an interest rate decision in China and labor market data from Australia for more cues on Asian markets. The recent weakness in the dollar was mainly due to the softer than expected PPI inflation data released for December. The reading spurred hopes that inflation will ease, giving the Fed more headroom to keep cutting rates, But certain components of the PPI reading, like PCE Price Index data which is the Feds preferred inflation gauge, read stronger for December, indicating that the underlying inflation likely remained high. As a result, focus is now squarely on CPI inflation data due later today, for more cues on interest rates. With growing anxiety that sticky inflation will keep U.S interest rates high for longer, especially after the Fed warned of a slower pace of rate cuts this year. Gold: Gold has made steady gains, while traders keep to the sidelines ahead of CPI data later today. The recent gains in Gold came from softer-than-expected PPI inflation data which spurred some hopes that inflation will ease further in the coming months. However, in spite of the steady gains Gold still remains rangebound as safe haven demand remains limited, while the prospect of slower interest rate cuts by the Fed also weighed on the outlook. Higher interest rates is not good for non-yielding assets like Gold, because it increases the opportunity cost of investing in them
TVC:DXY
by DeanMuller
2
DXY (US Dollar Index) 4H Timeframe AnalysisDXY (US Dollar Index) 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, DXY is currently in an uptrend, with price action recently breaking through a major key resistance level at 108.900, which is now acting as a strong support. This breakout marks a potential continuation of the bullish trend. The market has formed a clear 3-bottom reversal pattern, indicating strong buying momentum as price pulls back for a liquidity hunt below the minor key support. Currently, the price is in a consolidation phase near the liquidity zone, ready to test the minor key resistance at 109.040. If the price breaks above this resistance after the liquidity hunt, we expect continued bullish momentum toward the next resistance level at 110.290. Price Action Expectation: Our objective is to wait for a price manipulation period at the liquidity zone, where we expect a brief dip to liquidate all buyer stop-losses. After this, we anticipate a strong rebound and a potential breakout above the minor key resistance. Wait for price to break above the minor resistance at 109.040. Look for confirmation of a bullish continuation with increased volume as the price reacts to any positive economic news, such as strong retail sales and low unemployment claims. Expect the price to rally toward the next significant resistance level at 110.290. Trade Setup: Trade Type: Buy Stop (Breakout Entry) Entry: 109.040 (after a confirmed breakout above minor resistance) Stop Loss: 108.550 (below liquidity zone to avoid false breakouts) Take Profit: 110.290 (next significant resistance level) News Catalyst The upcoming economic data, such as Core Retail Sales and Unemployment Claims, could have a significant impact on the USD. A positive retail sales number (forecasted at 0.5%) would likely support the uptrend in DXY, as would a lower-than-expected unemployment claims number (forecasted at 210K). Strong data from these releases would reinforce the bullish sentiment for the USD, pushing DXY towards the next key resistance. Conclusion: DXY shows strong bullish potential based on a clear trend break and positive economic data outlook. The strategy focuses on waiting for the breakout confirmation, entering at a strategic point, and riding the momentum toward the next resistance level. Risk Management: Maintain a 1:2+ risk-to-reward ratio to optimize trade outcomes. Position size should align with your account equity to manage risk effectively. Monitor economic news closely, as it could influence short-term market fluctuations. Trading involves significant risks and is not suitable for all investors. Always: Seek advice from a financial professional if unsure about trading decisions.
CAPITALCOM:DXYLong
by RebornFXTrader
"Awaiting Bearish Confirmation at Key Resistance Zone on DXY"Based on the chart of the U.S. Dollar Index: 1. **Trend Analysis**: The index is currently within an upward channel, indicating a bullish trend. The price is oscillating between the upper and lower boundaries of this channel. 2. **Recent Movements**: There’s a noticeable price peak around the upper boundary, suggesting potential exhaustion. The recent downward movement indicates the possibility of a reversal. 3. **Bearish Confirmation**: The note emphasizes waiting for bearish confirmation before executing any trades. This suggests that it's prudent to look for signs of trend reversal or weakening momentum before making a bearish move. 4. **Strategy**: The advice is clear: without confirmation of a bearish trend, no trading should occur, highlighting a cautious approach. 5. **Key Levels**: Watch for key support around the mid-channel and resistance near the upper boundary, which could signal entry or exit points. Overall, the chart indicates a cautious approach is necessary, focusing on confirmations before taking any trading actions.
TVC:DXYShort
by TRADE_CENTER_1
Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 109.38 1st Support: 108.53 1st Resistance: 110.17 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: 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. 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. IC Markets 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.
TVC:DXYShort
by ICmarkets
2
DXY for short-term DownsideHello Fellow Traders, Its BEEN A WHILE! I hope That Everyone Follows This Forecast To make some big Profits! Here is a Full Updated Analysis & Forecast For DXY The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some (Rejection / Confirmation / Direction) 2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk! &. Plan Your Trade & Trade The Plan! Let Me know if you have any Questions or Comments Below! Negative Or Insulting Comments Are Not Welcome See You in the next Analysis! Global Fx Education
CAPITALCOM:DXYShort
by Global_Fx
DXY - 2025 Yearly Outlook - Bearish..."When" not "If"This is a rough yearly outlook for the DXY. I will be updating this as the year goes on (I'll update this idea monthly as I check it). Right now there is TONS of sell side liquidity open on the DXY, and price may want to attack it. It's important to monitor its behavior around the 110-112 mark. I'm bearish on this index overall (1-4 year outlook), but it could definitely have a semi bullish 2025. SCENARIOS -If we get a strong breach above that would imply a new 10-year high potential. -If we hit the 110-112 mark and reverse down under 108 within 30-days of hitting that mark, we are probably going to make a run for sell side liquidity, with the first target being 99.50. That's all for now. -Gio ... P.S. If anything I say in this sounds like a different language to you, or you want to learn my techniques, give me a follow. I'm launching a community this summer to help new and struggling traders with market techniques and personal development. It will be free. If you follow me now, I'll notify you, or shoot you a message when it becomes available.
TVC:DXY
by elevatedinvestor
DXY Is Going Down! Sell! Here is our detailed technical review for DXY. Time Frame: 17h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 109.631. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 107.871 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. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
Can the Dollar Index Predict Global Chaos?In the intricate dance of global finance, the U.S. Dollar Index has emerged as a pivotal player, reaching heights unseen in over two years. This surge, coinciding with Donald Trump's anticipated return to the White House, underscores a market bracing for significant policy shifts. The index's climb is not just a number; it's a beacon reflecting the resilience of the U.S. economy amidst high interest rates and a low unemployment rate, painting a picture of optimism where investors envision a 'goldilocks' scenario under new economic policies. However, this rise is shadowed by tariff threats, hinting at potential global trade disruptions. The depreciation of European currencies against the dollar signals a market in flux, with investors recalibrating their strategies in light of possible protectionist measures. This scenario challenges us to ponder the broader implications: How will these tariffs reshape international trade dynamics, and what does this mean for the global economic order that has favored open trade for decades? The Dollar Index's ascent also prompts a deeper reflection on currency as a barometer of geopolitical stability. With the U.S. potentially stepping into a new era of economic policy, the world watches closely. This moment invites investors and policymakers alike to consider global economic relations' immediate impacts and long-term trajectory. Will this lead to a reevaluation of the dollar's role as the world's reserve currency, or will it strengthen its position amidst global uncertainties? This question is not just about economics; it's about understanding the undercurrents of power and influence in a world at a crossroads.
INDEX:DXYLong
by UDIS_View
The Axis of RESISTANCEI have drawn an imaginary ascending parallel channel. The midline of this ascending channel seems to be acting and a giant Resistance at the moment. Breaking above this resistance level is going to send the DXY flying to the moon, which can drown the stock and the crypto market. On the other hand DXY is struggling to break above this resistance level and it is forming a divergence in the 4H RSI chart. The EMA 150 on the daily chart is pointing to a support at around 105-106 level. The interesting part is that the price chart also agrees that 105-106 level is a strong support area to study. DXY has been crushing the crypto market specially the alt coins for the past few weeks. A break below the ascending channel and a visit to the 105-106 support area will give the stock market and the crypto market the chance to breathe.
TVC:DXY
by Se7enSkies
EUR/USD: My walk of shameHello traders I am still long AUD/JPY from 96.96 as mentioned before. So, why the shame? Because I missed out on the EUR/USD bounce to 1.0277, the after NFP print high and also close to a breakdown point. I am located on the USA west coast, so by 2pm, I tune out because conditions become extremely liquid when NZ opens, with spreads of up to 9 points on EUR/USD and up to 30+ points on JPY/major pairs. I therefore missed out on the bounce to short EUR/USD as NZ and presumably early bird Tokyo traders became active, completely forgetting that they were not trading during NFP'S. But I had a good workout at the gym. I did go short at 1.0255 though with a stop above 1.02777. Lesson learnt. Don't make assumptions. And I am not too hard on myself because I gave up trading NFP releases a long time ago. Fundamentally, Euro is still on the backfoot and I expect at least a retracement to 1.0192 on the 4hr chart. The release of USD CPI will be the highlight of this week. Keep in mind that both Central Banks are making back to back rate decisions in about two weeks+ We may become rangebound up until then. Watch those Bollinger Bands. Best of luck all.
TVC:DXYShort
by jvrfxalerts
4
DXY Trading JournalDXY Trading Journal Jan 13 analysis Very happy that Price did come up take buy side liquidity out and then Price did seek the 50% and Price rebalanced Fridays FVG. And it was a side ways day high resistance delivery after NFC and no red folder today. Very happy with my sentiments of Price action. Check my previous days journal it noted! Jan14 I would suspect that Price will come down to seek the clean equal lows and rebalance Fridays FVG before turning around to seek Mondays FVG and 50%.
TVC:DXYShort
by LeanLena
2