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Dollarlong

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
Gold Short SuggestionFor those that know me, you know I love a harmonic pattern. Here is a potential set up for gold shorting. If it turns round from here then I will trade to D, and then trade the pattern as per this picture. If it breaks the price on the close of day candle then I will delete this bat I understand that this is a scary picture. But if you go and look at the DXY you will see that it is at the bottom of a bullish trend. What could cause such drastic moves? well, I'm not a psychic, sadly. All I do is show analysis. Hope you all have a lovely weekend. Stay safe.
FXOPEN:XAUUSDShort
by Elite_Trading_Signals
DXY D1 - Corrective Signal DXY D1 XAUUSD experienced a substantial surge, mirroring the impressive ascent of US30, US100, and other ***USD-based instruments. This surge was prompted by a notable sell-off in the dollar, aligning with CPI figures that fell below expectations. The market displayed a strong, one-directional momentum, creating a powerful and widespread impact across various financial markets. Notably, the forex market witnessed this noteworthy movement, adding a refreshing dynamic to the usual fluctuations. Possible corrections expected today, we also have UK CPI inflation figures to look out for, which will have and impact on the likes on GBP*** pairs.
TVC:DXYLong
by Trade_Simple_FX
Will the #Dollar Index Rally Continue?Monday, September 10, 2023 In the weekly chart of the US #Dollar Index, the market structure appears #bullish. Recently, the market found support around the 104 level, and the Dollar #Index has reached the 38.2% Fibonacci retracement level as part of a corrective move. In this week's trading, if the current #uptrend continues, and the 38.2% resistance level at 105.45 is #broken, the market may find a clear path towards the 50% Fibonacci #retracement at the 107 level. However, if the #resistance zone at 105.45 holds its ground, the #upward #momentum in the market may be limited, and the Dollar Index could return to the 104 #support level, marking a 23.6% #Fibonacci #retracement #correction. So based on this analysis I suggests a bullish outlook for the Dollar Index.
TVC:DXYLong
by POUSHEINI
Buy Opportunity on USDJPYOur trade relies on fundamental analysis, and technical analysis only serves as our entry point. Currently, the US is undergoing a process of quantitative tightening. Today we have the FOMC meeting, expecting to result in a 25 basis point rate increase. A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal. Most likely it will result as expected considering the data history , but we will keep an eye on FOMC Press Conference where we will see a high volatility and the deciding factor on where the prices will go. Meanwhile, Japan is maintaining its monetary easing policy, and the new BOJ governor, Ueda, announced in a recent speech that they plan to slowly continue their yield curve control to support a healthy economy. This has led us to take a long-term dovish stance on the JPY. Shifting our focus to the technical analysis, We are currently awaiting a retracement to the 61% Fibonacci level. However, we should remain vigilant as there is a possibility that the price may break and reject till the 134.1 level. RSI Upward divergence in the lower timeframes.
Long
by keechi
9
US Inflation Slows for Ninth Month: What's the Plan, Jay Powell?The US annual inflation rate has slowed down for the ninth month in a row, hitting 5% in March of 2023. While this is the lowest it's been since May of 2021, it's still well above the Fed's target of 2%. Investors are trying to figure out when the central bank will put the brakes on its hiking campaign to slow inflation. The March FOMC minutes (released this morning) revealed that some Federal Reserve policymakers discussed hitting the pause button on interest rate increases, following the collapse of two regional banks. However, ultimately, all policymakers decided that tackling high inflation was still the top priority. In the end, they went ahead with a rate hike, despite the potential risks Complicating matters, core CPI (which excludes food and energy components) has gone up to 5.6%, after rising by 5.5% in February. This has led some people to believe that more tightening is in the cards. Initially, money markets thought that the Fed might not raise interest rates in May, but expectations have since risen to 70.5%. The Dollar index remains at its lowest since February 2nd, steady near 101.5. As for Canada, things are looking up - the Bank of Canada has left its key overnight interest rate on hold at 4.50% as expected, while curbing language warning of a potential recession. The Canadian dollar has responded positively, inching up to around 1.34 per USD. Meanwhile, the British pound has risen towards $1.25, nearing a ten-month high of $1.2525 that was touched on April 4. Bank of England Governor Andrew Bailey has stated that he doesn't see any signs of a repeat of the 2007/8 global financial crisis, which is reassuring news for investors. They're betting that the Bank of England will continue to raise interest rates to combat inflation, adding some fuel to the GBP.
TVC:DXY
by BlackBull_Markets
EUR/USD Short; SELL here! Doesn't get any easier than this.Instead of recanting the otherwise already widely disseminated fundamental factors, a couple of fresh data points; - Central & Eastern European housing market in collapse; YoY -28% decline in residential prices; - The nagging (constantly revisited) issue of Russian exports of enriched uranium (fuel rods) to the EU (and the US) will now likely be "officially" voted on - whether to include them in the next sanction package. This constitutes <3% of Russian energy sales YET, it effects >35% of the EU's energy generation; (This would be the final, self inflicted blow to energy starved EU - especially for France.) As its been the tendency lately, the EU parliament rushes to pass one stupid, self-defeating act after an other. (Observe all the clowns in the current EU parliament.) In short, as stupid and self-defeatists as this idea was, from the word "Go", inline with the current, popular, parliamentary suicide wave, this may actually come to pass - gets included in the next sanction package. - The war in Ukraine is not going well - to put it mildly. (In major Ukrainian cities police and militia is nabbing 16 year olds off the streets, shipping them off to basic training camps. Much like during the final days of the 3rd Reich.) As it happens, the US has the tendency to cut lose the dead weight, in this case, dump this whole Pandora's Box on the EU's lap. [Not to mention that the US already has pretty much milked this whole situation close to it's maximum potential benefit. Even more reason to call it a day.) - Many more recent developments [just tired of writing them all down, having focused here on the couple of the more recent, relevant factors) which all point to one and the same direction. Most importantly, the EURUSD technicals point in one direction - and one direction only !-, as clearly as it could be imagined.
Short
by Nemo_Confidat
15
Dollar Index Chart Analysis.... In this situation DXY Short time chart create Bearish BAT Pattern. So, market short term Buy UP to 104:930; and 105:100 resistance level. Then market need long sell correction to nearest Support 103.700 and 103.400 level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
Dollar will longPowell confirmed his expectation that the central bank will raise interest rates (at least) two more times, but his acknowledgement that “the disinflationary process has begun” has given traders more confidence that those will be the last two hikes of this cycle and that the Fed will be on hold midway through Q2. Meanwhile, his repeated focus on “core services ex-housing” provides a clear inflation metric for traders to watch to evaluate whether what the central bank will do in the coming months. Here this is not actually FED dovish but not hawkish. US labour market performing very well; Yesterday JOLTS Job Openings 11.01M from 10.44M, Tomorrow NFP data with Publish; Technical chart says Data Will be Favour for Dollar. Dollar now create a bullish butterfly pattern from 100.5xx or Fibonacci 1.42 support.
TVC:DXYLong
by mahfuzazim_TA
Long term Dollar DXY Analysis If you fallowed my work i like to base my long term direction based on macro, education and cycles. Dollar has very predictable cycles, the dollar is early in its current cycles and its very right translated (bullish). The scenario we have in the world with the WAR on carbon, has made it so people dont look to explore for commodities that have a bad carbon balance, this has and will creat big shortages. The fundamentals for inflation is there. What people dont understand is that everything is priced in dollars, when dollars goes up, everything goes down since its priced in dollars and opposite when it drops everything, specially commodites goes up. Dollar dropping is not a good thing, this will creat more inflation, and with the terrible energy politics of the west this is can only end bad. My Ideas are not shorterm its long term, 5-7years into the future, but i usally get them right based on experience, education and cycle work. In my oppinion the right thing to do now is to wait and get your money ready, when it turns comodites will dropp and we get shorting opportunities, and when it drops again we get buying opportunities. Also i advice new traderes to lear about COTs its a good tool to grasp what the big players are doing, the big players move the market, not technical indicators or pattern of animals on the chart. Its lagging, and we want to be inn before the zoo wathcers get the signal. Plan, wait, get in early, enjoy the ride and sel high. Rinse and repeat. Fallow and like if you like my ideas, thanks for the time.
TVC:DXYLong
by TradingIsNotGambling
8
BACK the $$DOLLAR hedge against the BRICSWith Croatia becoming the latest addition to the BRICS as of yesterday , 2023 isn't looking like much of a thing to celebrate for the Dollar. it reminds me of my ex-girlfriend after i finally was done with all her prison like rules over the years. did i enjoy part of our relationship, yeah maybe? ,but was it fair to me? absolutely f*n not. so here we are! disgruntled, angry , and of-course we decided we needed something new. Russia being the biggest instigator ,in collusion with China just like my 2 best friends , Roman and Charles their zeal to get me out of my previous hell was met with charming delight. brazil ,india the supportive friends adding up my gang of 5 with south africa being the guy who always comes late but makes us order a beer for them each time. Creation of new BRICS recognizable currency will indeed cripple the dollar dominance its had over the global sphere the last 20-30 years. power dynamics at play here ,these nations want some power back to themselves just like i did when my ex-D had me by the ropes ,especially with Taiwan-China relations and as well as Russia-Ukraine war during the course of last year , the need for control has escalated and these super powers feel the need to exercise their influence to gain more strategic overhead . What these super powers don't know is that the US who in this case would be my ex-D , has so many options and you could argue that i have them too but her options weigh far much better than mine, i mean she's a damsel ,who would resist her in her favorite green dress. her control has spread to all parts of my brain , she fed me , protected me ,gave me all i wanted only problem is ,she took more than she gave and that right there is where we might find the problem , i trust her with my life ,heck everybody i know does too . with inflation at peak , CPI will be most certainly be cut , she's so attractive she will have to be supported during this tough break up we in , ''recession'' it's called . stimulation will be at a max and she will raise from the asses that am sure of, strong and independent she is. buy D ,bye D shit i might have drunk alot
TVC:DXYLong
by da-bag