DXY Crash Preset DXY monthly analysis... crash pending, algo has factored it in.
Time will prove me right.
DXY trade ideas
IF DXY LOSES 103.820 IT COULD LEAD TO REACH 95.000 DXY is rejecting from value area high since from 2014 and from the fibonacci 0,5% from the last high sep22 to the low jul23 showing signs of being over extend and the key point is the 103.820 if DXY loses it in a weekly candle close it could send to the 95.000 mark.
DXY Weekly Analysis: Key Resistance and Support Levels"This weekly chart of the US Dollar Index (DXY) highlights significant resistance near the 105.472 level, with further upside potential toward 108. The 103.917 and 102.776 levels serve as critical short-term support zones, while broader support lies around 96.563 and 88.250. The analysis focuses on potential price action and market reactions within these zones. Keep an eye on upcoming macroeconomic data for directional cues.
DXY - ANALYSISHello friends, I want to share my opinion about the dollar index with you
The first thing I see on the chart is that the dollar index has changed its trend in the hourly time frame and has changed its trend from rising to falling. For the next week, I expect the dollar to make a slight pullback and then fall again.
My first target for the dollar index is 105.168 and my second target for the dollar index is 104.378 .
Trade safe
Dollar Index (DXY): Clear Signs of Weakness
Dollar Index leaves clear bearish clues on a daily
with a violation of a key daily horizontal support on Friday.
Looks like the index is going to drop lower next week.
Next support - 105.46
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Dollar index is taking support of lower channal lineDollar index is taking support of lower channal line.
DXY weekend forecast HTFLast week price moved from external range liquidity to internal range liquidity. This week it could move from internal range liquidity to external range liquidity, movement shown in gray arrow.
But since daily is still showing bearishness, there is no confirmation yet on the upside move.
Price could still continue moving down, OHLC
Welp I guess just buy anything (priced in $)The dollar is about to go down heavily. Stuff priced in dollars - for example, equities and crypto - will go up correspondingly.
Let's look at this weekly chart of the DXY, which is the dollar versus a basket of other currencies, overlaid with the Fed Funds Rate, which is, simplistically, the main interest rate.
We see that when rates go up, the dollar goes up. The inverse is also true. This relation is because when interest rates are low, it has an effect similar to printing money, where the *value* of the dollar is diluted by all the new dollars coming into circulation.
The markets are forward-looking. The DXY started its parabolic run upwards in H2 2021 in advance of the actual raise in the interest rate. It broke the parabola also in advance of the rate being tapered - that is, rates still increased for a little, but by less and less.
Then rates went sideways and so did the dollar, in a multi-year range with clearly defined support and resistance.
Now, rates are coming down again - and the dollar will fall. It tapped the top of the range, made a little exuberant Swing Failure Pattern to the next weekly resistance, and formed a technical high (the Low of the highest candle was just taken on close by this week's candle.
Most likely path is now to the bottom of the range at ~100, then bounce and continue down to previous support at ~89.
Coming on top of the existing market euphoria around US elections, and the all-time highs in SPY and Bitcoin, this is likely to trigger a parabolic run up in *all* risk assets. Oddly, safe-haven assets like Gold and Silver will I think *also* rise, because they are inflation hedges - the original meaning of inflation, of course, being inflation of the currency.
DXY retesting the breakout trend (MOST IMPORTANT CHART NOW)as expected DXY made a full retest and bounced from the blue around 100 and now needs to confirm the upside move by confirming the yellow line resistance as support, if so i think the dollar should go somewhere between 110 and 112 which means the MUSIC IS OVER!
Dollar Index (DXY) Analysis - A Deeper Correction Approaching?Dollar Index (DXY) Analysis - Is a Deeper Correction Approaching?
Since September 2024, the Dollar Index (DXY) has risen significantly, gaining 8.2%, marking its highest appreciation in months. This upward momentum has been fueled by positive economic indicators, increasing demand for dollars. Recently, the DXY reached the 107.00 mark, its highest resistance level since 2022. However, after hitting this point, the DXY exhibited a false breakout, suggesting potential buyer fatigue.
Currently, the price has dipped slightly to 105.93, with the possibility of further retracement towards the 38.2% Fibonacci level at 104.92 before continuing its upward trend.
Buying Potential
If the price returns to the range between 104.92 (38.2% Fibonacci) and 103.96 (50% Fibonacci) and shows a bullish reversal, it could indicate a continuation of the upward movement, presenting a buying opportunity. Key confluence points for the DXY include:
Horizontal support around 104.92, aligning with the Fibonacci retracement.
The overall upward trend since September.
The 50-period moving average on the daily chart, which may coincide with this support.
These factors suggest that if the price reaches the support zone, buyers could re-enter, pushing the price back towards recent highs around 106.97, potentially targeting 108.00.
Potential Targets
First Target: Retest the high at 107.00.
Secondary Target: Extend to 109.30, contingent on a confirmed breakout.
Alternative Bearish Scenario
If the price fails to hold at 104.92 and drops below the 50% retracement at 103.96, the index may decline further. In this scenario, the next significant support is at 102.99, aligning with the 61.8% Fibonacci retracement. This decline would indicate a deeper correction while still within a generally bullish framework.
However, breaching this level could negate the short-term bullish outlook and push the index down to 100.00, a key psychological support level.
Warning Signs for a Possible Sell Opportunity
A daily close below 103.96, suggesting weakening buyer support.
A sustained drop below 102.99, indicating a shift in the prevailing trend.
Summary
The DXY currently exhibits a predominantly bullish structure but is undergoing a natural correction after hitting a crucial resistance level. The area between 104.92 and 103.96 presents a potential buying opportunity, provided there are clear signs of a price reversal. Monitoring the specified support levels is crucial, as significant breaches could undermine the bullish scenario and lead to deeper declines.
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Dollar Index (DXY): Time to Fill the Gap?!
I guess you saw this gap down that was formed this night on Dollar Index.
Analysing a price action today, it looks like the market is preparing to fill it.
I see a nice bearish trap and inducement followed by a bullish imbalance
on an hourly.
I think that the index will go up to the gap opening level soon.
Goal - 106.11
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DXY LONGDxy:the w1 TF is still on a bullish trend and this pullbk affected the D1 tf into a sell trend, but however i expect a break and restest shifting the current structure to the upside
Correction It is expected that the continuation of the downward trend will proceed according to the specified paths and advance to the specified support range
Dollar Index (DXY): Massive Breakout The Dollar Index has dropped below an important level of support and has now become a resistance point.
It is likely that a downward correction will persist, with the next support level being at 105.40.
R.I.P 1971-2024 DXYInflation has risen once again people, you want rate cuts still (wont stop em anyway) ?
how do you feel about
the money supply
the interest rates
the inflation rates
debt ceiling
America global police role
dollar dominance
TRUMP ?
STOCK MARKET CRASH
its time what goes around comes around is all i can say
Bullish bounce?US Dollar Index (DXY) has reacted off the pivot which is a pullback support and could drop to the 1st support which is a pullback support.
Pivot: 106.18
1st Support: 105.27
1st Resistance: 107.04
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DXY Potential UpsidesHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 105.500 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.500 support and resistance area.
Trade safe, Joe.
#dxy #elliottwave short sell setup wave c 28Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
#dxy #elliottwave long buy setup wave 5/c/b 29Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Unmasking DXY's Bullish Potential with Volume ProfileH ello,
The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile.
Regards,
Ely
DXY Is Bearish! Sell!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 106.269.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 104.187 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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DXY 4HWe can see a good bearish leg on DXY
- This is not sell or buy signal. Don`t trade with anybody else analysis or signals.
- Never risk more than 1% of your account on any position. And don't forget to have more than 5 confirmation for any trade!
DeGRAM | DXY exiting from the accumulation zoneDXY is in a descending channel between trend lines.
The chart has already reached the lower boundary of the channel, the lower trend line and the support level, which has already acted as a rebound point.
Price has quickly picked out of the range between the levels and is now above the accumulation zone.
AB=CD pattern has been formed.
We expect a rebound after consolidation above the accumulation zone.
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