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DOLLAR INDEX(DXY): Bearish Move From Key LevelI am impressed by the way the 📉Dollar Index responded to a significant horizontal resistance level on the 4-hour chart. After the test, the pair entered a period of consolidation and established a horizontal range. The breakout below the support of this range indicated a strong bearish signal. Currently, we are witnessing a favorable retest of the broken structure and can expect a continued decrease in price. The target is set at 103.55.
TVC:DXYShort
by linofx1
1
Potential bullish bounce?US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 103.82 1st Support: 103.44 1st Resistance: 104.57 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:DXYLong
by ICmarkets
1
Will the job data impair the US dollar gain?Macro theme: - The dollar remained steady despite short-term volatility, reflecting mixed economic data. US Sep Retail Inventories and Oct Consumer Confidence exceeded forecasts, while Sep Job Openings fell short. - Treasury yields reached multi-month highs early but declined following a strong seven-year auction. - With the US job report—the last before the FOMC meeting—approaching, storms and strikes could complicate interpreting the data, introducing further uncertainty around the dollar’s direction. Technical theme: - DXY is consolidating in a small range at the top and looks stretched. This is vulnerable to a potential mean reversion. The price is trading away from both EMAs. - If DXY extends its gain above the previous swing high at 104.60, the index may rise to 106.00 resistance. - On the contrary, if DXY closes below 104.00 support, the index may decline to retest 103.45 support. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
TVC:DXYShort
by DatTong
DXY idea bearishUS Dollar (USD) rose, alongside the rise in UST yields. Dollar Index (DXY) was last at 104.26 levels. US data, including durable goods orders, Uni of Michigan sentiment surprised to the upside, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum remains bullish “RSI eased lower from overbought conditions. While the recent run up continues to look stretched technically, the move higher may still extend in the interim. That said, we do also caution that the subsequent snapback may also be sharp, on any triggers or data surprises. Resistance at 104.60 (61.8% fibo), 105.20 levels. Support at 103.80 levels (200 DMA, 50% fibo), 102.90/103.20 levels (21, 100 DMAs, 38.2% fibo retracement of 2023 high to 2024 low) and 101.90 (50 DMA).”
TVC:DXY
by EZIO-FX
1
Levels discussed on Livestream 30th October30th October DXY: Look to break 104.20 and 61.8%, to trade down to 104 and 103.80 NZDUSD: Buy 0.5990 SL 20 TP 60 (Counter Trend) AUDUSD: Sell 0.6580 SL 20 TP 50 (Bearish Channel) GBPUSD: Sell 1.2960 SL 25 TP 50 (Break trendline0 EURUSD: Buy 1.0845 SL 20 TP 55 (Hesitation at 1.0870) USDJPY: Ranging between 152.70 and 153.86 (looking for breakout potential) USDCHF: Sell 0.8690 SL 15 TP 35 USDCAD: Sell 1.3875 SL 30 TP 60 Gold: Could retrace to 2770, look for rejection and buying opportunities
TVC:DXY
by JinDao_Tai
INDEX_DXY_4H🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 hello Analysis of short and medium term dollar index The analysis style is based on Elliott waves. The indicator is in an ascending wave, which is currently the big 3rd wave, which is again a downward correction wave as wave 4 and again the continuation of the ascending wave towards wave 5. 3 wave resistance 105.000 Support wave 4 number 103.300 5 wave resistance 106.600
TVC:DXYLong
by Elliottwaveofficial
DXY Is Going Down! Sell! Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 104.138. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.076 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
USDJPY Selling Idea from 105.685-106.57 USD Selling Idea from 105.685-106.57 The overall bullish trends have already respected the basal trendline and after the Trump win the US dollar will get more gain and the price right now at a good level for short term reversal and market will be touch the basal trendline to got clear his directions. The optimum selling zone will be starting from 106.57-105.685. The Setup will be the 1:2 Risk reward ratio. Rules: 1. Wait for the market movements at 105.685 if you see some price rejections with volume increased then must place Stop Loss over the 106.57 and take profit level will be 1:2. 2. Price rejections at the level and after the confirmations will must be increased the profitability ratio.
PEPPERSTONE:USDXShort
by Bloom_Forex_Official
DXY (dollar index) Out lookMy bias for the dollar is that it may start to slow down and experience some pullbacks, likely to fill the imbalances below and capture some liquidity. However, I also see Scenario A playing out, which could push the price upward and continue the bullish trend. Given the current market conditions, I expect these retracements, which also align with my outlook for EU and GU. Confluences supporting my bullish bias on the dollar: - The DXY has been very bullish and has broken significant structure to the upside. - The DXY has surpassed the key psychological level of 105.00. - There is still a lot of liquidity to the upside that needs to be taken. - Clean demand zones are in place, reinforcing my bullish outlook. P.S. Be cautious and watch for the major red news on Wednesday, specifically the CPI event, as it will provide key insight for the forecast. I expect the dollar to retrace ahead of the news, but once it's released, I anticipate the dollar will shoot back up.
TVC:DXYLong
by Hassan_fx
Dollar long to short (A controversial idea)It is no surprise that we have seen an influx of buyers in the dollar market since september when the news about Trump running for the election for a second time built alot of trust in the dollar. However, I don't believe this will last for very long. Market open we will see either one of two scenarios play out... scenario A: price will push up slightly causing a further BOS to the upside and taking ASH liquidity before then retracing into the 2H demand in order to mitigate the weekly supply deeper. Scenario B: Price will drop taking out the buyers from the 2H demand as this area is not yet validated by a structural break, price will then fill the 8H IMB and continue its push upwards into the weekly supply which is further validated against my XAU/USD breakdown. In conclusion, if not this week then within the next coming weeks we will see price react from this weekly supply or the weekly IMB above in order to continue in its overall downtrend. REMEMBER all it takes for the DXY to continue dropping is a major news event
TVC:DXYLong
by JamelCapital
R2F Weekly Analysis - 10th November 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! This video will be a special "The Leap" edition. - R2F
TVC:DXY
by Road_2_Funded
DXY DirectionAs long as I see clear Bullish STR on the 4H and the buyers still in control, I would like to keep selling the other symbols against the Dollar (GBPUSD/EURUSD etc'...). As I see it, we were in a range between supply and demand (marked as trendlines) and now we are pushing into supply zone (?Let's see if it hold?). From this point there are two scenarios for me: 1. Supply is holding and DXY will drop towards 101-102 2. Buyers will go over the sellers and keep pushing higher, to 110 zone. *That's only my personal opinion and not any advice to take action. And as we all know... we can't predict anything and things can change// Trade safe.
TVC:DXYLong
by noamayalon1