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DXY trade ideas

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!
TVC:DXYShort
by SignalProvider
2
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.
TVC:DXY
by DreamAnalysis
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
TVC:DXY
by JinDao_Tai
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 Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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.
EASYMARKETS:USXUSD
by easyMarkets
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 ⚔
TVC:DXY
by Dave-Hunter
8
DXY bias new outlooklast 10 candle does not have any liquidity which seems that price is likely to bounce from 1st poi but the candle from nov5 and nov6 will be important as it is bearish marbozu with nov6 candle could create bearish fvg that can give price another rejection zone to push the price to test poi 2 based on drawn poi poi 1 = 103.220 and poi 2 = 102.630 we need see if price is rejected from this zone followed by dotted line which represents external liquidity to grab and finally we have orange zone that is weekly bearish fvg once that is tested will follow with new idea
TVC:DXYLong
by Jimmy_Rebello
US Presidential Election Forex Analysis5th November US Presidential Election DXY: Could retest 103.50 area, and rebound up to cover gap and up to 104.30 (if price breaks 103.40 could trade down to 102.90) NZDUSD: Sell 0.6040 SL 20 TP 80 AUDUSD: Sell 0.6635 SL 20 TP 60 (trend following) Counter trend opp: Buy 0.6670 SL 30 TP 90 GBPUSD: Sell 1.2980 SL 40 TP 130 EURUSD: Buy 1.0930 SL 30 TP 70 USDJPY: Ranging between 151.70 and 153.40, looking for breakout potential following major news USDCHF: Buy 0.8650 SL 20 TP 55 USDCAD: Sell 1.3870 SL 20 TP 50 Gold: Needs to break 2730 to trade down to 2710 and then possible rebound
TVC:DXY
by JinDao_Tai
Markets Brace for US Presidential Election and the FedMarket watchers and investors are preparing for one of the most significant weeks of the year: the United States (US) presidential election takes place tomorrow, and the Federal Reserve (Fed) will announce its interest rate decision on Thursday. Both events could significantly impact global markets, potentially influencing currencies, equities, bonds, and commodities. Who Will Be the Next President of the World’s Largest Economy? Over the past few months, Democratic nominee, Vice President Kamala Harris and Republican nominee, former President Donald Trump, have been running neck-and-neck in both national polls and state surveys, making it clear that both candidates have about an even chance of winning tomorrow’s election. The presidency will ultimately be decided by the Electoral College outcome, which will be based on the election results in individual states. Each state’s number of electors is proportional to its population size. There are 535 electors for the 50 states and 3 for the District of Columbia; that is a total of 538 electors. A candidate must gain a majority of the electoral votes – 270 or more – to win the presidency and for their running mate to become the vice president. If no candidate wins 270 electoral votes, a contingent election occurs: the House of Representatives will elect the president, and the Senate will be tasked with electing the vice president. This makes it possible that the House elects a president from the majority’s preferred party while the Senate chooses a vice president from the other. It should be noted that a candidate may win the popular vote across the country but lose the Electoral College vote. This has happened five times in the past, with the most recent being in 2016 when Trump won the presidency despite trailing behind Hilary Clinton by nearly three million votes nationwide. The 5 November election will also determine which party controls Congress; there are 435 seats in the House of Representatives and 34 seats in the Senate up for grabs. Currently, Republicans hold a majority in the House, while Democrats control the Senate – albeit both by slim margins. Polls suggest the control of each chamber could switch this election round. With less than 24 hours to go for the election and more than 77.6 million votes already cast, ABC News/FiveThirtyEight’s latest polls indicate that Harris holds a marginal lead over Trump with 47.9% vs 47.0%. Battleground States Set to Determine the Election Result The seven battle states have a total of 93 electoral votes – with polls indicating razor-thin margins. According to the latest New York Times/Siena College polls, Harris is ahead by three percentage points in Nevada (49% vs 46%), two points in North Carolina and Wisconsin (48% vs 46% and 49% vs 47%, respectively), and one percentage point in Georgia (48% vs 47%). Trump maintains his advantage in Arizona, leading by four percentage points (49% vs 45%). Interestingly, the polls show that the two candidates are locked in close races in Michigan and Pennsylvania, with results in all seven states within the margin of error – meaning neither candidate has a definitive lead. Election Results and Market Impact Exit polls are expected to begin rolling in at approximately 5:00 pm Eastern Time (ET). While these results do not show ‘the full picture’, they can provide early insights and volatility may increase as a result. However, market participants are likely to exercise caution, and rightly so. Results will be adjusted numerous times throughout the evening as more votes are counted. The reporting of results from major swing states will be a crucial period for traders. The process starts with the polls closing in Georgia at 7:00 pm ET and concludes with the results from Nevada at around 10:00 pm ET. You can expect volatility to surge once all the key states’ results are reported at about 11:00 pm ET. Early AM (ET) on 6 November, investors will have more clarity on a potential election winner. While a winner is usually clear at this point, if there is uncertainty, or talks of recounting, markets may consolidate as this could result in legal action from both sides. It is also important to acknowledge that although a winner is generally clear on election day, there are instances when the outcome may not be determined for several hours, days, or even weeks. A clean sweep for Trump is expected to boost demand for the US dollar (USD) and US equities, as well as a rise in US Treasury yields in response to fiscal stimulus. Trump’s pro-growth and domestic policies, and potential for tariffs, could lead to demand for stocks in the financial and energy sectors. Additionally, major cryptocurrencies could catch a bid amid Trump’s ‘plans’ to make the US the ‘Crypto Capital’ of the planet. A clean sweep for Harris is likely to weigh on the USD and US Treasury yields amid less tax cuts and increased spending. Major US equity indices could take a hit on a Harris victory, though the reaction is likely to be mixed. Fed Poised to Cut by 25 Basis Points In addition to the US elections, the Fed will claim a portion of the attention this week, scheduled to make the airwaves at 7:00 pm GMT on Thursday. Markets are fully pricing in a 25-basis point (bp) reduction, a move that would bring the target for the funds rate to 4.50-4.75%. The elections are unlikely to sway this decision. In fact, anything other than a cut – particularly following the bumper 50 bp reduction at September’s meeting, the Fed’s latest dot-plot suggesting 50bps of additional easing this year, and robust economic data – would catch the markets off guard and may prompt investors to question whether the Fed made a mistake going for ‘50’ in September. Investors are also expecting another possible 25bp cut at December’s meeting (20 bps of cuts currently priced in). The US economy remains on solid footing, with the Fed still focussed on achieving a soft-landing scenario. Inflation eased for a sixth consecutive month in September, cooling to 2.4% from 2.5% in August – its lowest level since early 2021 – while core inflation increased to 3.3% in September from 3.2% in August. In terms of payrolls, job growth recently ground to a halt, adding a paltry 12,000 jobs to the economy in October (market consensus: 113,000). While this was a surprise, the lower-than-expected print was influenced by weather and strikes, therefore, the Fed are likely to overlook this print and emphasise that attention needs to be on longer-term trends. Unemployment remained unchanged at 4.1%, and wage growth accelerated, which is concerning, with both month-on-month and year-on-year measures showing increases. The latest figures also show that Q3 24 Gross Domestic Product (GDP) grew by an annualised rate of 2.8% (according to the first estimate), defying analyst expectations of 3.1% and the 3.0% reading in Q2. One of the main drivers behind the economy’s resilience was robust consumer spending (up 3.7%). Dollar Index on the Ropes Realistically, longer-term chart studies on the monthly timeframe reveal that the USD has largely been directionless since the beginning of 2023, fluctuating between 100.82 and 107.35. Note that the lower edge of the said range is joined by the 50-month simple moving average (SMA) at 100.44. However, while the greenback is trading mid-range on the monthly timeframe, price action on the daily timeframe recently crossed beneath its 200-day SMA at 103.83 after shaking hands with resistance at 104.55 in late October. Technically, assuming a daily close beneath the noted SMA, further underperformance could be seen in the USD towards support at 102.78.
TVC:DXYShort
by FPMarkets
Elliott Wave View Looking for Dollar Index (DXY) to Rollover to Short Term Elliott Wave View on Dollar Index (DXY) suggests that rally to 104.63 ended wave ((4)). This completed cycle from 9.27.2024 low and the Index should either resume lower in wave ((5)) or pullback in 3 waves at least. The Index has started to turn lower and we are calling the move lower from wave ((4)) high as a diagonal 5 waves. Down from wave ((4)), wave (i) ended at 103.98 and wave (ii) ended at 104.43. Wave (iii) lower ended at 103.82, wave (iv) ended at 104.19, and wave (v) lower ended at 103.68. This completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 104.35. Index resumed lower in wave ((iii)) towards 103.63 and wave ((iv)) ended at 103.83. Final leg wave ((v)) ended at 103.57 which completed wave 1 in higher degree. Wave 2 rally is in progress with internal subdivision as a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) is expected to end soon, then it should pullback in wave ((b)), before the Index rallies higher again in wave ((c)). This will complete wave 2 in higher degree before the Index resumes lower. As far as pivot at 104.63 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
FXOPEN:DXY
by Elliottwave-Forecast
1