DXY daily chartI think the dollar will move higher given Trump's tariffs and the jobs report. Technically, it has broken its long-term downtrend line and is pulling back to it.
DX.F trade ideas
DXY WAVE ANALYSISThe trend seems to have ended in this timeframe /
Currently, the trend seems to be continuing. I do not recommend trading until the trend ends in this timeframe and lower targets
Make sure to involve less than 2-3% of your total capital and adhere to money management principles
This is just a suggestion for consideration
Time for the Dollar to be realisticWith the news of Donald Trump being the united states new president we have seen nothing but euphoric bullish price action of the dollar. However, I believe that it is finally time for that to come to an end and for the dollar to continue in it's gradual and slow demise.
I believe the dollar push to the upside was nothing but a retracement on the HTF and with the bitcoin becoming more of a powerhouse we will continue to see the dollar lose its value.
This is supported through my analysis as we can see the dollar reacting from the weekly imbalance and creating LL and LH and Breaking structure to the downside. I believe that this will continue this week and be looking to sell after price takes the ASH and forms Wyckoff in my 3H supply.
My only hesitation is that my other pairs that go against the dollar I am also predicting to sell, Although we haven't seen the usual correlation between the pairs they normally have i am still cautious but my analysis remains ever true. If the dollar decides to push further up it will simply be filling the remainder of the Imbalance in order to have a proper reaction from the weekly supply.
Bearish Outlook for the Dollar Index (#DXY): Key InsightsIn our earlier analysis of the 📉Dollar Index, we highlighted a consistently bearish outlook.
The price has broken below a rising trendline and the neckline of a double top pattern on the 4-hour chart. It is now testing the confluence zone formed by these breached structures.
A decline appears highly probable, with target levels set at 105.70 and 105.43.
DXY Will Go Lower From Resistance! Sell!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 105.962.
Considering the today's price action, probabilities will be high to see a movement to 103.661.
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.
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DXY index
Hello traders,
I would like to discuss the DXY (U.S. Dollar Index). The price has reached the monthly Fair Value Gap (FVG), and all the buy stops indicated on the chart are now in play. Additionally, the daily and 4-hour timeframes are showing signals that suggest a downward movement.
After a pullback to the 107 zone, this could present a good opportunity for a short position.
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If you have any specific areas you’d like to focus on or further questions, feel free to let me know!
DOLLAR INDEX UPDATE......
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DOLLAR INDEX UPDATE......
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, please feel free command me.
Dollar Index (#DXY): Bearish Outlook ExplainedIn our previous analysis on 📉Dollar Index we noted a persistently bearish outlook.
The price has broken a rising trend line and the neckline of a double top on the 4-hour chart.
Currently, it is testing the confluence zone created by these broken structures.
There is a strong likelihood that the pair will experience a decline shortly, with target levels at 105.70 and 105.43.
Shorting the Dollar: A Madman's GameI’m going to take this trade—it's close enough to the level where it would invalidate my idea. I may tighten my stops a bit, but I’m okay with taking a second shot later if I get stopped out.
The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it.
This price action is looking very similar to the July-September 2023 move.
TVC:DXY
US DOLLAR Weekly Forex Forecast: Look For BUYS This Week!USD INDEX is bullish for the short term... but bearish in the longer term. This week will have
opportunities for short term long positions. Just be mindful not to swing for home runs! The larger pullback seems to have started, so the bears are coming!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Dollar index has broken lower channal lineDollar index has broken lower channal line. it is taking support, if this support broken, then downtrend of dollar index will start
USD H&S pattern USD has created a head and shoulders pattern. We could have a big push down soon. However, i dont like the pattern facing downward because they tend to fake out a lot instead of when the H&S pattern trends upward it breaks down. lets see how this plays out.
DXY looking for selling opportunitiesDXY seems to have dropped below the previous supporting trendline, breaking and retesting and promising a bearish move for this week
US Labor Market Rebounds with Strong Job GrowthOn December 6, 2024, the U.S. labor market exhibited a robust recovery, adding 227,000 jobs in November. This significant rebound followed October's modest increase of 36,000 jobs, which had been dampened by hurricanes and a major strike at Boeing.
Financial Times
Despite the strong job growth, the unemployment rate edged up to 4.2% from the previous month's 4.1%, indicating a slight expansion in the labor force. Wage growth remained solid, with average hourly earnings rising by 0.4% month-over-month and 4% year-over-year, reflecting sustained demand for labor.
New York Post
Financial markets responded to these developments with measured optimism. The S&P 500 and Nasdaq Composite reached new record highs, while the Dow Jones Industrial Average experienced a slight decline. The U.S. Dollar Index (DXY) increased by 0.25% to 105.9810, indicating a strengthening dollar.
Trading Economics
The Federal Reserve is closely monitoring these labor market indicators as it approaches its December 17-18 meeting. The solid job growth, coupled with a modest uptick in unemployment, suggests that the labor market is expanding without significant inflationary pressures. This scenario provides the Fed with the flexibility to consider a potential interest rate cut, aiming to support economic growth while keeping inflation in check.
Reuters
In summary, the latest labor market data portrays a resilient U.S. economy, with strong job creation and controlled wage growth. These factors contribute to a favorable environment for the U.S. dollar, as investors anticipate the Federal Reserve's forthcoming monetary policy decisions.
USD Index // Preparation for the ExpansionThe Dollar Index is bearish on the daily, within the valid daily countertrend.
The H4 long countertrend is also valid, and since in this trend, there is no space to trade, I'm waiting for the market to turn south in the direction of the daily short trend.
My trigger is at the H4 breakout. Once this level is broken, I'm in to ride the wave down to the daily breakout (blue) and maybe to the weekly breakout (purple).
The correction fibo is drawn with thin black dashed lines, and 38.2 is pretty much in line with the daily breakout, therefore, a nice target.
Going for the correction fibo 50 is a bit more risky, and there is the weekly breakout along the way.
Stay Patient, Stay Disciplined!
🏄🏼♂️
And feel free to express your opinion in the comments! 🙂
DXY - Index About to Kiss 105 or Lower?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please like and follow me for future analysis at your service.
How I see it:
Head & shoulder 1D structure. Classic lower right shoulder!
Curled 20SMA could offer resistance and/or limit upward attempts.
Will structure be respected for a fall towards 105 or next key support?
KEYNOTE:
Weekly inverse rejection candle close; we'll see if the wick offers any upward assistance.
I deeply appreciate you taking the time to study my analysis and point of view.
12/6 Trading week ReviewLearning to better your craft gets you one step closer to seeing your vision come alive.
DXY MOVE DOWN AHEAD|SHORT|
✅DXY broke the rising
Support line and is now
Making a retest so as we
Are bearish biased we will
Be expecting a further move down
SHORT🔥
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Weekly Forex Forecast: USD is Bullish In The Short Term!The USD Index closed last week very bearish, trading through the previous week's low. A pullback makes sense for this week, at least for the beginning of it. With NFP coming on Friday, trading up until Wed may be the safest way to go.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Transcript
DXY afternoon technical analysisTechnical analysis for DXY.
As long as 104.636 and 103.373 hold as support, bulls looking for move into the 112-114 area to complete wave ((3)) of C.
#dxy #elliottwave long buy setup wave c b b w 6Dec24This 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.
