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Market Insights with Gary Thomson: April 7 - 11Market Insights with Gary Thomson: FOMC Minutes, US Inflation Rate, US PPI, Earnings Reports In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in! In this episode, we discuss: - FOMC Meeting Minutes - US Inflation Rate - US Producer Price Index - Corporate Earnings Statements Don’t miss out—gain insights to stay ahead in your trading journey. This video represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:DXY
by FXOpen
DXY at Make-or-Break Level Ahead of Trade Deal UncertaintyGood day Traders, Take a moment to go through my outlook of DXY. Currently, DXY is moving within a clearly defined ascending channel, showing a short-term bullish correction after the sharp drop seen last week. Price is respecting the channel's boundaries, making higher highs and higher lows, characteristic of a pullback phase in a broader bearish move. However, attention is now drawn to the resistance zone around 103.80 – 104.19 zone. This area coincides with: 1. Top of the channel (confluence resistance) 2. A harmonic pattern completion zone or reversal block 3. A previous structural support-turned-resistance area In my view, the recent price action suggests a potential reversal at or just above this zone, leading to a new bearish leg that could see DXY breaking below the current trend channel and targeting sub-102.56 and 102.00 levels. From the fundamentals, it appears that optimism around a trade deal is helping the USD recover short-term. The market may be pricing in hope, not reality. If sentiment shifts, or deal details (between US and China) disappoint, a swift reversal is highly likely—aligning with the anticipated turn near 104.00 from the technicals. I think this makes the current zone a high-alert area for dollar bulls and bears alike. A fake-out to the upside into this supply zone could trap late buyers before the larger macro and technical forces push the dollar back down. By implication, we then expect to see a slight drop then rally on EURUSD, GBPUSD etc. Cheers and Happy trading!
TVC:DXYLong
by Samuel124
DXY Breaking Down?The US Dollar Index (DXY) may be entering a strong bearish wave. After completing wave B, the market has started impulsive wave C to the downside. Currently, wave 3 might be ending, with a potential short-term bounce for wave 4, followed by a drop into wave 5. Key Bearish Outlook: Resistance Zone (Wave 4): 104.924 – 104.932 Invalidation Level: 106.505 Final Wave 5 Target: Near 93.422 If price stays below the invalidation level, more downside is expected. Watch for shorting opportunities if wave 4 completes and reverses.
CAPITALCOM:DXYShort
by Greenfireforex
USD collapse The proposed withholding tax for foreign investors in bonds by Trump’s economic chief could negatively affect both the U.S. dollar and the stock market by reducing demand for USTs, raising bond yields, and accelerating de-dollarization. The dollar might weaken modestly, and U.S. stocks could face a correction, particularly in growth sectors sensitive to rising interest rates. However, the dollar’s reserve status and the resilience of U.S. markets suggest that a catastrophic collapse is unlikely. The real risk lies in how foreign investors and global markets react—if they perceive this as a hostile move, the fallout could be more severe.
TVC:DXYShort
by WagsCapital
DXY Outlook: Will Trump’s Tariff Shock Fuel a Run to 106?DXY Technical Outlook – April Week 2 After Trump’s tariff announcement shook the markets last week, the Dollar Index (DXY) dropped sharply into an extreme daily demand zone (102.000–101.500) and responded with strong bullish pressure by Friday’s close. If fear continues into Monday, DXY could extend higher. The key area to watch is 103.500, a solid resistance zone. A clean breakout above this level could trigger an aggressive rally toward 105.500–106.000, where major supply lies. Bias: Bullish Key Levels: • Support: 102.000 – 101.500 (extreme demand zone) • Resistance 1: 103.500 • Resistance 2: 105.500 – 106.000 This week, USD could be one of the strongest assets if risk-off sentiment continues and equity markets remain under pressure. — Weekly forecast by Sphinx Trading Let me know your bias in the comments. #DXY #USD #DollarIndex #ForexAnalysis #SphinxWeekly #TrumpTariffs #RiskOff #MacroView
TVC:DXYLong
by Sphinx_Trading
1
U.S. Dollar Index (DXY) – Weekly Outlook | Elliott Wave Analysis This DXY weekly chart highlights a potential (A)-(B)-(C) corrective structure unfolding after a completed 5-wave impulsive rally. Wave A bottomed out around the 100 level, followed by a retracement in Wave B which tested the 111.893 supply zone. Currently, price is reacting strongly from that level, suggesting a possible move toward completing Wave C. Current Market Structure: Wave B faced strong rejection near the 111.893 resistance/supply zone. Price is now hovering near a short-term support zone (light green) around 102–100, which could serve as a decision point. Two scenarios are in play: 1. Bullish Rejection from Support: If buyers defend the support, a new bullish leg may begin, retesting 111.893 or even pushing slightly higher. 2. Break Below Support: A decisive breakdown could initiate a deeper decline toward the major demand zone (highlighted in beige) near 90.00–92.50, completing Wave C. Key Technical Zones: Resistance (Supply Zone): 111.893 Immediate Support: 100.00–102.00 Major Demand Zone (Wave C Target): 90.00–92.50 Current Price: 102.892 Elliott Wave View: The ongoing move appears to be part of a Wave C correction, which will be confirmed only if price breaks below the current support. On the flip side, a higher low and bullish continuation could mean the correction ended early, transitioning into a fresh impulse. Conclusion: The DXY is at a critical juncture. Traders should monitor price action closely at the 100–102 zone. A bounce could trigger a bullish setup back toward resistance, while a breakdown would likely bring Wave C to completion in the 90–92.50 zone. Stay tuned and trade with discipline.
TVC:DXY
by Greenfireforex
1
Bearish reversal?USDX is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 103.43 Why we like it: There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement. Stop loss: 104.13 Why we like it: There is a pullback resistance level. Take profit: 102.30 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USDXShort
by VantageMarkets
DeGRAM | DXY dollar in the turbulence zoneDXY is in a descending channel under the trend lines. The price is moving from the upper boundary of the channel. After breaking the trend line, the chart went sharply lower amid the announcement of trade duties, after which it formed a gap. On the main timeframes indicators have gone into the oversold zone. We expect that the index will seek to close the gap after testing the lower boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
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