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Triple Top for Gold if a Strong Move Back Up from DXYI've posted about this for a while now, DXY is presently negatively corresponded with multiple markets: Gold, Bitcoin, Dow Jones, etc. Should that negative correspondence continue and DXY makes a move back above 105, confirming a failed Head & Shoulders and then heads to 112 -> 118+: - Gold may confirm a bearish triple top and lose nearly half its value. If you zoom out to 3 month chart on DXY, the current Head/Shoulders looks more like a long term falling wedge that has broken out, re-tested the top, continued up and is now re-testing the top of a W pattern breakout. The long-term DXY chart looks incredibly bullish. That said, it could instead drop in the interim and give Gold and other markets a chance to run to new ATHs, first. Let's see what happens.
TVC:DXYShort
by dudebruhwhoa
USDCHF SellAs usdchf is on its previous high and over the time it has taken a rally upwards now its going to have a rally down it could be a retracment as we can see 200EMA show that USDCHF is bullish trend and will move upward but it could be a call for reversal so we will be waiting for a bearish Engulfing or bearish harami here and will be shorting this pair as we have seen a inverted hammer pattren and waiting to break below that and show us another signal for shorting baised
Short
by Wakeel_Saab
Gold (GC, XAU) Bear Trap LongThe attractiveness of this idea is rather dependent on how prices act between current price (1900) and ~1885, the upper demand zone’s (green lines) “aggressive” entry. If new supply/resistance forms directly ahead of buy levels, the trade may be scrubbed because of dissatisfactory risk-reward. Something to keep in mind… That said, we are confident that gold will at least react to the ID'd buy levels. Any time you have multiple “fresh” (not visited since formation) zones stacked consecutively, a trade is more likely to work. Also, this setup is considered somewhat of a “bear trap” as buyers previously outweighed sellers directly below the 1885 pivot, which support breakout traders will be selling . Despite its persistent strength and bullish-looking long-term charts, USD may be getting close to overdone, which could help gold’s case for a long. This is a quick analysis and, as mentioned, numerous counterarguments can be presented, alongside a long-term chart that doesn’t look compelling, to undermine bullish gold takes. Have to run for now, but will revisit and update later. Be smart out there! Jon
OANDA:XAUUSDLong
by LionHart_Trading
DXY Analysis - Weekly Timeframe (ICT)How convenient it was to stop right at the descending trendline for the week. In my eyes, this is giving time for traders to formulate their "predictions" on where DXY is going to go. I expect some funny business to happen to shake out any support & resistance, as well as breakout traders, culminating with an explosive movement to the upside. I really like the Weekly Bearish Breaker Block residing above as a point of interest for trades, which may take a while to get there. I will also be observing how price moves towards that area, if it even does. Next week, keep your guard up. Don't take the bait. Wait for the sheep to get slaughtered, and once you see that already come to past on the charts, that is the time to strike.
TVC:DXYLong
by Road_2_Funded
DXY Channel Up close to peaking.The U.S. Dollar Index is trading inside a Channel Up pattern for more than 2 months. The price is approaching an inner Rising Resistance, similar to late August, a quick breah of which caused the Higher High peak on Fibonacci 1.618. Trading Plan: 1. Sell on the Rising Resistance. Targets: 1. 105.350 (bottom of Channel Up, Fib 1.0, -1.44% from a potential top). Tips: 1. The RSI (4h) is already overbought. An additional sell indication. Please like, follow and comment!! Notes: Past trading plan:
TVC:DXYShort
by TradingBrokersView
1
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
TVC:DXYShort
by ShahedZare
Exciting Opportunities Await BTC Hovers at $25.6k as DXY Surges It's no secret that Bitcoin has been the talk of the town, captivating the attention of traders worldwide. However, amid this crypto frenzy, we cannot overlook the immense potential that lies within the US dollar. As the DXY continues its upward trajectory, it's time to consider a pause on BTC and explore the possibilities of longing for DXY. Why should you consider this move? Let me break it down for you: 1. BTC's Rally Pauses: While Bitcoin's performance has been remarkable, it's essential to recognize that every rally has its ups and downs. By pausing BTC for a while, you can potentially avoid short-term volatility and position yourself for a more favorable entry point later. 2. DXY's Rising Momentum: The US dollar index, DXY, is surging once again, indicating a strong bullish sentiment. This upward trend presents an excellent opportunity for traders to capitalize on potential gains by going long on DXY. 3. Diversify Your Portfolio: As traders, we understand the importance of diversification. By allocating a portion of your trading capital to DXY, you can balance your portfolio and mitigate risk, especially during uncertain times. Now, you might be wondering, how can I take advantage of this exciting opportunity. Here's your call to action: 1. Conduct Thorough Research: Dive deep into the latest market trends, analyze historical data, and stay updated on global economic events that impact both BTC and DXY. This knowledge will empower you to make informed decisions. 2. Utilize Technical Analysis: Leverage technical indicators, chart patterns, and key levels to identify potential entry and exit points for DXY. This approach will help you navigate the market with greater precision. 3. Monitor Market Sentiment: Stay connected with the trading community and follow expert opinions to gauge market sentiment accurately. By doing so, you can align your trading strategy with prevailing market conditions. 4. Consult with Experts: If you require professional guidance, don't hesitate to reach out by commenting below. We're here to provide insights, answer your queries, and help you make the most of this exciting opportunity. Remember, trading is all about seizing the right opportunities at the right time. By pausing BTC and longing for DXY, you position yourself advantageously in the market, potentially maximizing your profits. So, gear up, traders! Embrace this exhilarating moment and take action to capitalize on the rising DXY wave. Remember, the market waits for no one, and the time to act is now!
BITSTAMP:BTCUSD
by bryandowningqln
DOLLAR INDEX (DXY) ____ INCOMING BEARISH MOVEHello Traders, The dollar has been bullish for weeks now, going after multiple buy-side liquidity. Currently, it is close to a monthly buy-side liquidity (previous high). If this level should hold, we should see price go after the weekly sell-side liquidity (previous weekly low) which you would see on the weekly chart. If you look left, you will notice how price aligns well with the narrative. This is just a speculation and no fact but I would be using this view to trade all the dollar pair. I will make more analysis on the dollar pairs I would be looking to trade. Follow for more updates like this. Cheers, Jabari
TVC:DXYShort
by jabariofafrica
Dollar Bullish Momentum Continues Despite Global Challenges The global economy is facing a number of challenges, including rising inflation, slowing growth, and geopolitical tensions. These challenges have led some economists to warn of a potential stagflation environment, characterized by high inflation and low economic growth. Overall, the dollar had a few battles with other intermarket factors that tried to halt its bullish momentum, which has been ongoing for months. The euro had many indications last week that it plans to strengthen its currency by increasing interest rates in the near future. Germany, which is the eurozone's largest economy, supported this with its ZEW economic sentiment, which came back better than expected, causing short-term weakness during the New York session. Fuel was then thrown on the fire, making the dollar aggressively bullish with the statements made during the ECB press conference. In addition, the unemployment claims and retail sales being better than expected fueled the dollar's ongoing bullish momentum. With the upcoming Fed rate, where do you think is the next destination for the dollar?
TVC:DXYLong
by CandlesofKarma
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
TVC:DXYShort
by ShahedZare
Bullish Dollar Within a Trading Range. TVC:DXY is currently trading in a consolidation pattern and is located in the premium end of the trading range between 104.447 and 103.013. The August 30 candle swept the short term daily sellside liquidity at 103.013 into the Weekly BISI fair value gap which was nearly totally rebalanced. Upon leaving the Weekly FVG range, it was repriced to the premium end of the range, forming a daily BISI Fair Value Gap. Sept 4th trading range appears to still be forming a Daily BISI fair value gap in which I expect price to protract into early in the week before either staying in a consolidated range or move higher toward daily and weekly buyside liquidity pools toward the daily Volume Imbalance. Price points of interest: D.Volume Imbalance: 105.278 & 105.125 Wk.Buyside Liquidity: 104.700 D.Buyside Liquidity: 104.447 D BISI Fair Value Gap: 104.025 high & 103.740 low D. BISI Fair Value Gap: 102.771 high & 102.654 low.
TVC:DXYLong
by DenisRisticFX
1
Short Bull Run for EUR\USD?EUR\USD has a Daily Volume Inefficiency right below this weeks closing price. I expect that, with the current momentum and the draw that this particular inefficiency is having on price for it to tap into this area and quickly spring up. This area of Volume Inefficiency is a visible Gap on the Daily chart Friday March 17-March 23rd this is also a Weekly opening gap that we have tested many times but have not managed to close. Here is the crux, if Monday or Tuesday you close the Gap by laying a solid candle across this Gap then I would expect EUR\USD to quickly find its target at 1.063. But with Dollar retracing, I am expecting the inverse of EUR\USD meaning that it will make a step ladder run drawn by 1.083.
Long
by JP_Tru
USD Ready To Complete a "Bullish Puzzle" After US CPI ReportToday holds significant importance as we await the release of US inflation data. Projections indicate a rate of 3.6%, surpassing the previous reading of 3.2%. This surge in expectations has propelled the US dollar's recent strength, driven by speculations that the Federal Reserve (FED) may consider implementing further interest rate hikes in the upcoming meetings. Additionally, escalating energy prices underscore the challenge of swiftly returning inflation to the 2% target. Consequently, the USD remains in an upward trajectory for the time being. Nevertheless, even if the inflation data hovers around or slightly exceeds the 3.6% mark, there's the possibility of a "buy the rumor, sell the news" effect. It's worth noting that the DXY has already seen a 6% rise from its summer lows, suggesting that a robust inflation report might already be factored into current prices. Taking an Elliott wave perspective into account, the recent price action appears corrective, with wave four unfolding within the broader uptrend. This implies that the market might be gearing up for one final upward surge in the coming days, potentially reaching resistance levels around 105.50-106. This zone could serve as the culmination point for higher-degree patterns. Therefore, I'll be on the lookout for signs of a reversal after this anticipated new high.
TVC:DXY
by ew-forecast
1