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After inflation, the US dollar will increase sharply next weekThe US dollar was barely changed in early European trading on Tuesday ahead of the latest inflation data that could determine the direction of US monetary policy, while sterling rose as investors British workers continue to benefit from healthy wage increases. At 3:10 a.m. ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading virtually unchanged at 105.516. Trading was largely confined to a narrow range on Tuesday as traders cautiously awaited the release of the US consumer price index at the end of the October session, a number likely to boost sentiment. believe. Book}} meeting. Analysts expect annual revenue growth to rise 3.3% year-over-year, down from 3.7% in September, while also expecting a 0.1% increase over the month, lower than the 0.4% increase observed last month. Some Fed officials, including Chairman Jerome Powell, have warned that persistent inflation could cause the central bank's interest rates to rise further and any signs that prices are harder to come by than expected ​are all likely to sharply increase bets on rising interest rates. US central bank. Higher interest rates - a scenario that bodes well for the dollar.
TVC:DXYLong
by AstronautPioneer
GOLD ANALYZE 1H Hello dear traders, In the global gold market, on the 1-hour timeframe, we are witnessing a downward trend where the price, after forming a bottom at 1931.5 and making an upward spike, indicates the possibility of forming a price pivot. We have two scenarios for the movement of gold: 1. If the trendline is broken, we expect further price growth. However, 2. if the price shows a reaction at the trendline and turns back towards the pivot, we anticipate price support. It is worth mentioning that if the floor at 1931 is lost, this analysis loses its validity. Thank you for following me. Wherever you are, stay safe and profitable.
OANDA:XAUUSDLong
by jawad369
$DXY Idea UpdateHi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after the PWL mainly, and then if it really plays out slowly then we could go after those EQLs and the Weekly BISI where we would bounce off back again after the 50% of the Monthly FVG above. UPDATE: I'm still leaning onto the bear side, this matches with my FX:EURUSD analysis, so i feel like this will play out nicely, the only reason for which i confirmed short on DXY was because we had a CISD after all.
TVC:DXYShort
by zeratrading
$DXY Analysis ''Are we going after the sellside liquidity?''Hi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after the PWL mainly, and then if it really plays out slowly then we could go after those EQLs and the Weekly BISI where we would bounce off back again after the 50% of the Monthly FVG above.
TVC:DXYShort
by zeratrading
DXY$ Shorts from 105.800 down towards 105.200As expected our last week scenario (A) played out perfectly like we anticipated which was seeing a bullish reaction from the 4hr demand. For this week's bias we are still temporarily bearish with the dollar as it's approaching a clean 14hr supply zone. As soon as it gets tapped in I will be waiting for my lower time frame confirmation i.e. a Wyckoff distribution schematic and a clean CHOCH to the downside. I would preferably wait for the asian high to get swept inside the zone before looking for a drop in the dollar index. I am bullish long term but, as price has broken structure a few times to the downside I would like to catch sells down towards the next demand at least. My confluences for DXY$ Shorts are as follows: - Price approaching a 14hr supply zone that has broken structure the downside. - Imbalances have fully been filled and momentum has slowed down (good sign for a reversal) - Huge trend line left way below that price would want to grab and theres also lots of liquidity below to target as take profit levels. - In order for price to keep pushing up it will need to enter a level of demand, so as of now we will be trying to catch sells down towards a demand. P.S. Only if my extreme 7hr supply zone gets violated, we will then know if price wants to continue in its bullish trend or not. But as of now I see price dropping more due to the perpetual BOS's. Also, as the dollar is a direct negative correlation to most of my pairs, the bias will suggest a bullish move to take place for EU, GU and gold If DXY$ decides to continue bearish.
CAPITALCOM:DXYShort
by Hassan_fx
1
EURUSD Bullish Outlook WeeklyThis chart shows the 1hr analysis I have landed at. Last weeks analysis played out rather accurate and ended at the final spot I predicted as we ended bullish for the Euro. I see the geopolitical news being a factor that the dollar is getting beat up the way it is, as well as Gold on its move last week, there wasn't much give for the Dollar. I have several levels marked up on this chart and this is due to the intraday scope I am looking at for the coming week. I being a bullish character in EUR/USD I have my main levels I want to be ran marked and I will attempt to enter with stops relative to the next level, and if I get stopped, I will probably look for more bullish attempts at the retracement back to the next level (the one that stops me) and see if I cant regain a loss, and catch the start of what hopefully can be a bullish week. There is still lots of room to cover If i am going to switch bearish on this pair. There could be resting liquidity at many of these levels due to the uptick in the war and many stock positive moves that took place on US30 movers last week. Time will tell, but this is what I am looking at for this week. Will update on Sunday, the 12th. Check out the links in my bio for AI tools and indicators. Go check em' out. I built a PineScript LLM that helps you code your own strategies and indicators even if you know nothing about coding and a TradeGPT agent that can supplement probably 98% of internet Guru's as far as valuable information in a timely manner,. Just thought I would offer that knowledge as well!
Long
by mbfxtrading
DXY SELLOverview of my DXY sell idea. I have been following this for a longtime but i've decided to share it. Technically my chart explains itself, but fundamentally the US economy is in a very bad shape, increased government borrowing and on the brink of a debt default, inflation, war, all this is affecting the US which hasn't fully recovered from the coronavirus outbreak. Fundamental: Recent NFP 150,000 from previous of 336,000. Increased government borrowing Thanks for reading my analysis. Comment below if you think we will see continued downtrend on the Dollar. Disclaimer: This analysis is only made on speculation and are solely the views of the analyst, there is no guarantee the analysis will play out. Do your own research before taking a trade.
TVC:DXYShort
by Forexrein
Downfall in DXY has begun?In my previous post on DXY ,i mentioned how i expected it to move up a tiny bit in wave c of Z before starting to tumble. Well, from the fresh piece of evidence available it seems like that the expected tiny bounce failed which in Elliot wave terms means that wave Z has truncated. That also means that the first leg to the expected downfall towards 93-94$ mark is already in place. A few other things to add to this view: i. The closing price yesterday came below the channel support ii. the horizontal trend support is also broken iii. by breaking the low of 105.36 the index has technically entered a downtrend according to the classic Dow Jones theory(lower high and lower low formation). Note*- This post is for educational purpose only
TVC:DXYShort
by neeraj_2_sharma
2
DXY - Keylevels - DailyDxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down. I have mentioned the important areas. The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite far away and things for DXY can get complicated if it loses the next level as well. On the other hand, let's not forget that big investors can't wait to sell their dollars to enter the market, so the pressure on the dollar at these moments is getting bigger and bigger.
TVC:DXYShort
by sfc95
DXY:Oil prices recovered after a volatile end to OctoberOil prices rose slightly in Asian trade on Wednesday, the first in five months, as traders priced in lower risk premiums from the Israel-Hamas war and focus now shifted to the Federal Reserve's interest rate decisions. I have recovered from the worst month of . The market also had mixed data on U.S. oil inventories, showing that while overall inventories increased, gasoline and distillate inventories declined significantly. Oil prices have fallen sharply in recent trading amid growing expectations that Israel and Hamas will not have a significant impact on Middle East oil flows, especially with no Arab powers in sight. Others are also involved in the conflict. However, the World Bank has warned that the conflict could continue to affect oil supplies and cause prices to rise. However, the organization also predicts that oil prices will remain depressed until 2024 on the back of slowing global economic growth. Concerns over weak demand in China also weighed on oil markets, following disappointing factory activity data released on Tuesday by the world's biggest oil importer. The figures came after a dire business report in the euro zone, raising concerns about a slowdown in global economic growth.
TVC:DXYLong
by Chart_MasterPro
DXY - DXY trading trend todayIn a year when the US economy beat all recession forecasts, budget ferocity has nearly doubled, and weak budget guidance has been found to be almost more lethal than interstate budget wars. faction in Washington. The government decimated $2.02 billion in the fiscal year through September, after adjusting to remove the impact of President Joe Biden's student debt forgiveness program, which was struck down by the Supreme Court. This level is 1.02 USD rate higher than the previous year. The extent of this increase could lead to financial statements that economists, politicians and agencies have previously warned against credit warnings. That also explains why long-term bond yields are hitting their highest level since 2007, with the government needing to issue more bonds to offset the blip. Yields on 10-year notes exceeded 5% on Monday. Republican lawmakers have faulted President Biden for out-of-control spending, even though they are so firm on how to handle the budget that they have not yet agreed to elect a new speaker of the House of Representatives. . Meanwhile, spending needs continue to grow, with the White House calling for $106 billion in emergency funding for Israel, Ukraine and the US-Mexico border. Yet for all the politics of spending, the main source of growing evil in 2023 is actually revenue. Much of the rest is due to the spoils of battle, another force that also causes fierce debate among the zodiac signs. According to JPMorgan, the fire as a percentage of GDP increase represents the weakest three years since 1950. But fiscal 2023 sees strong economic growth, with more than 3 million people adding jobs jobs at My.
TVC:DXYLong
by NicoTradingMaster
DXY short term Shorts to 105.200SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards 105.200 or even lower possibly to 104.700. Once price reaches there we will then expect the dollar to push back up again from those POI's below ( 6hr or 4hr demand zone.) My confluences for dollar (DXY) shorts are as follows: - Price changed character to the downside on the higher time frame as well as broke structure indicating the shift in trend has become bearish. - Price entered an 8hr supply zone that has caused this break of structure to the downside. - Momentum has slowed down (a good sign that price wants to go back down.) -Wyckoff distribution taking place to liquidate any previous buyers that was in profit to then allow us to enter the best possible sell position down towards the designated target. - A few Imbalances have been left below that it must come back and fill. - Lots of liquidity below as well to target in the form of untouched Asia lows and engineering liquidity. P.S. Obviously as this is not the only possible scenario, price could also go higher and react off the 6hr supply zone above current price and mitigate that extreme zone to then sell off from there. Either way we are anticipating a drop to follow the bearish trend that has been formed.
CAPITALCOM:DXYShort
by Hassan_fx
1