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DXY Short (Thu, 21 Nov 2024)
Based on the previous analysis using a higher timeframe, I have analysed that we expect a bearish momentum from this trade. Based on the 15 min timeframe, the price has retested and rejected the zone, forming an inverted hammer candlestick. I do anticipate that a bearish momentum is been formed. Entry price at 106.9, SL at 107.2 and Target at 105.5
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DXY Short (Thu, 21 Nov 2024)
This currency has been forming a descending flag, broke out of the structure and retested the higher high formed last week. It has made a false break out (liquidity grab) and I anticipate that the price will build a bearish momentum to fill the second gap created by the previous week bullish impulse. An analysis will follow using a shorter time frame.
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Another 48h - Apparently A Difficult Start For DXY Today (Thu, 21 Nov 2024)
2024/11/21 Another 48h - Apparently A Difficult Start For DXY Today “strong intraday breakout yesterday, after a four-day downtrend! will it goes further today? or will we fall back into the trend channel?” NASDAQ:NVDA yesterday, after the closing bell on Wall Street, of course with good numbers - even if the sales forecast was far from meeting the whispered estimates of the average expectations of the analysts. But appearances are deceptive: "The unpaid invoices are increasing faster than the group's sales!" told me an analyst, friend of mine, from a cfd online broker. Which smells like the company wants to present itself to the public as more profitable than it actually is. Personally, I don't have NASDAQ:NVDA on my watchlist, the hype is far too big for me, even if I miss out on some few profitable long 4XSetUps. Both companies and analysts, not to mention all the media that report on it every day - like me here on the TVC:DXY , for example - have probably raised their expectations to such a high level that sooner or later, more or less, only can still become a fantastically absurd spiral of progression. But I don't (yet) want to go as far as my analyst friend, who still tells me today, "that was and is a practice that Enron also used back then." However, it is unclear how much of the unpaid invoices NASDAQ:NVDA recorded as sales in the quarter now reported - as is the question of what impact the turbulence at major customer NASDAQ:SMCI is having on the chip giant. In Europe, the stock opened over -1% today and is currently trading over +1% 1 hour before the opening bell on Wall Street. “The fact that a thesis is flawed does not mean that we should not invest in it as long as other people believe in it and there is a large group of people left to be convinced. The point was made by John Maynard Keynes when he compared the stock market to a beauty contest where the winner is not the most beautiful contestant but the one whom the greatest number of people consider beautiful. Where I have something significant to add is in pointing out that it pays to look for the flaws; if we find them, we are ahead of the game because we can limit our losses when the market also discovers what we already know. It is when we are unaware of what could go wrong that we have to worry.” George Soros Will We Fall Back In The W Trend Reversal Formation? Will We Defeat The Old Annual High Of 2024? Are We Heading To Annual Highs Of 2023? These are the 3 most important questions regarding price action in TVC:DXY . And which we should keep in mind - and let it be answered daily in the form of the price action, to learn may be day by day (not) something new. 107.348 : 2023/10/03 - Annual Year High 2023 106.648 : 2024/11/21 - last price action 106.517 : 2024/04/16 - Annual Year High 2024 106.490 : 2024/05/01 - 1st False Breakout To New High 106,130 : 2024/06/26 - 2nd False Breakout To New High 104.799 : 2024/07/30 - High Before W Trend Reversal Formation In addition to the annual highs in 2023 and 2024, and/or even the 3-wave breakout from the w trend reversal formation, two downward trend lines from the annual high in 2024 are also interesting - the existence of which I don't want to withhold from you. Because the price action above proves the fundamentally positive bullish upward trend in the TVC:DXY . While a cushioning around the two downward trend lines from the bears, between 106.5 and/or even 106 points, in retrospect we would have to speak of a short-term false breakout of new annual highs in 2024. 107.064 : 2024/11/14 - Last New Annual High 2024 107.015 : 2024/11/14 - Thursday High, Last Week 106.918 : 2024/11/20 - Wednesdays High, This Week 106.903 : 2024/11/15 - Fridays High, Last Week 106.813 : 2024/11/18 - Mondays High, This Week 106.648 : 2024/11/21 - last price action 106.632 : 2024/11/19 - Tuesdays High, This Week Since last Thursday, when we experienced a new annual high for 2024 on the TVC:DXY - after 7 calendar weeks (with an annual low for 2024) - traders and/or investors have traded a lower daily high on each subsequent day. Until yesterday. Which then also meant that we broke the short-term downward trend upwards. Is this a short-term false breakout? Or is it heading towards a new annual high in 2024? It's not far! But an attack by the bears, which sends the price action back into the territory of the short-term downward trend channel, cannot be ruled out. No - to be honest, even more likely, for today, on Thursday, and or tomorrow too! Why? Take a look at the price action (1h) of the last few hours. And you can see that in the last 5 trading hours, the price action repeatedly failed to break through upward resistance at more or less 106.745 points. The price action is currently at 106.648 points. So there is still hope for bulls that the price action of the DXY can develop upwards this week to a new annual high in 2024. But that's not a must - next week you will still be able to trade and/or invest in the TVC:DXY . With best wishes and with good intentions! Aaron Another 48h - DXY ... is pure information material. By trying to give you even more information about the TVC:DXY every day to make even better trading decisions (buy/sell or do nothing). The goal of each day is from my side that you say to yourself after reading my daily analysis (Another 48h - DXY ...): "I didn't notice that before!" Because then you have received new information; yes - maybe even learned something!? If, yes? Then give me a like - and continue reading tomorrow! Concrete 4XSetUps with entry price, target price and also stop price are available in the daily 4XSetUps...
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DXY: Strong Bullish Bias! Buy! (Thu, 21 Nov 2024)
https://www.tradingview.com/x/y0SmFYEi/ Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 106.717 Wish you good luck in trading to you all!
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DXY INTREST RATE HIGH ATRACTING MORE BUYERS AT IT IS IN DEMAND (Thu, 21 Nov 2024)
The U.S. Dollar Index (DXY) measures the strength of the U.S. dollar against a basket of major foreign currencies, including the euro, yen, and pound. it looks stronger as it has printed two monthly bullish candles which indicates that there is demand of the DXY as it had a high interest rate from the Central Banks. Technically we are looking for more buys.
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Waiting for DXY bearish confirmation (Thu, 21 Nov 2024)
Wednesday has taken out Monday's weekly highs so I anticipated a bearish DXY but bullish momentum is still continuing. Still not seeing a bearish confirmation closure.
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DXY BUY ANALYSIS DOUBLE BOTTOM PATTERN (Thu, 21 Nov 2024)
Here on DXY price form double bottom and now likely to go up so if line 107.553 break price is likely to go up more and trader should go for LONG and expect profit target of 110.552 and 114.599 . Use money money management
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DXY Next Move (Thu, 21 Nov 2024)
The ascending wave continues until it breaks through the lower area. In the long term, we see the price reaching the target area, which is 107.97, soon.
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DXY- Will reach soon to 96.5-97 as a C Wave in Weekly TF (Thu, 21 Nov 2024)
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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DXY Trading Journal (Thu, 21 Nov 2024)
DXY Trading Journal Nov 21 Opened lower creating equal lows, to expand to the buys side scooping up Tuesday/Mondays buy stops. Breaker pattern of accumulation. bearish on the day looking shorts. Price closed around the 50% and currently dropping. London started off a reversal and NY retracement leading to Asia seems likely to consolidate and expand to the down side reaching for equal lows and sell side efficiencies .
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DXY (Wed, 20 Nov 2024)
Second sell on dxy in supply zone bearish setup in 1h
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Another 48h - The Sun Rose Again For DXY Bulls With +0.5% Today (Wed, 20 Nov 2024)
2024/11/20 Another 48h - The Sun Rose Again For DXY Bulls With +0.5% Today “lower daily highs for the last four trading days - but not today! today's daily high was also the week's high - can there be more?” With the words "The Bitcoin apostle Michael Saylor, head of Microstrategy, gives Warren Buffett the advice to buy Bitcoin instead of holding cash (or buying short-term US government bonds)!" , my friend, an analyst at a cfd online broker house, began today our conversation - in which we exchange ideas daily, irregularly, in a casual, non-binding manner about price action, about the economy, politics, God, and the world. At the same time, I also thought smugly that if someone thinks they have to give the old master NYSE:BRK.A advice on how he manages his money, alarm bells should ring. And that, while Michael Saylor and NASDAQ:MSTR are using an increasingly heavily leveraged scheme: he takes on debt in order to buy CME:BTC1! - if CME:BTC1! rises, his NASDAQ:MSTR assets also rise, which is why he can take on even more debt in order to buy even more CME:BTC1! . The rise in the price action of NASDAQ:MSTR shows the current extreme CME:BTC1! euphoria - and that goes well until it doesn't go well anymore. Until there are no new buyers at a certain price action who want to sell to those who want to have CME:BTC1! . The yield curve, i.e. fixed-interest securities, is actually a more than good alternative. What I also always recommend to my followers - since 2 years meanwhile. Think about it, for a while: 50% fixed-interest securities, over 1 year? That's right - +4.0% and a little more. What more could you want? +4.0% with a fixed interest rate, almost no risk of default. The USA has always paid. This is their capitalist business model. That's why the US financial market is so big; the biggest in the world. That's why i`m, as a non-American, also so self-conscious. And my colleagues in the supermarket, with whom I serve at the counter every day, such as at NYSE:WMT (in the USA), wonder when I think about the price action with them. Let alone Nancy, Samuel's wife, from Lille (France) - but that would go too far at this point. However, paying too much for something doesn't just happen in the financial market, such as also in every supermarket, in the economy, and/or in the financial market, even like i.e. CME:BTC1! , but also in politics. Although I don't want to and can't rule out the possibility that CME:BTC1! won't rise above 100,000!? And/Or even then it will never fall under it again?! Anyway, expensive price actions don't just exist for private individuals, but also in politics. Here too, and on an even larger scale, taxes are levied in order to take money out of people's pockets with the help of taxes. With the help of taxes that no one needs, let alone serve the good of society, but which only cost the majority of the population, i.e. all taxpayers and consumers, which we all are have to pay - and that all in the name of clean, green energy, under which cloak of freedom. What sooner or later ends in a stagflation, as always in an engineer-driven economic policy, where you have to function and not offer goods, products, services that not only benefit the taxpayer and consumer, but are also available cheaply. Good & cheap - drill, drill, drill baby - I hope that Trump and/or his team get some economic policy like this for the USA, without (green) imagination. And/or deliver geopolitically for world peace once again, like between 2017 and/or 2021, as he was the first US president which hadn't started a war, under his watch, after WWII. In contrast to Joe Biden, who authorizes Ukraine to use long-range US weapons in Russia . And is currently threatening to worsen the conflict in eastern Ukraine. But that's going too far at this point - so let's deal with the TVC:DXY … “How good are markets in predicting real-world developments? Reading the record, it is striking how many calamities that I anticipated did not in fact materialize. Financial markets constantly anticipate events, both on the positive and on the negative side, which fail to materialize exactly because they have been anticipated. It is an old joke that the stock market has predicted seven of the last two recessions. Markets are often wrong.” George Soros Will We Fall Back In The W Trend Reversal Formation? Will We Defeat The Old Annual High Of 2024? Are We Heading To Annual Highs Of 2023? These are the 3 most important questions regarding price action in DXY. And which we should keep in mind - and let it be answered daily in the form of the price action, to learn may be day by day (not) something new. 107.348 : 2023/10/03 - Annual Year High 2023 106.673 : 2024/11/15 - last price action 106.517 : 2024/04/16 - Annual Year High 2024 104.447 : 2024/08/01 - High Of The W Trend Reversal Formation 102.160 : 2024/08/05 - Low Of The W Trend Reversal Formation 100.157 : 2024/09/27 - Annual Year Low 2024 These are the most important price actions of TVC:DXY . It is astonishing that there were only 35 trading days from the annual low in 2024 to the annual high in 2025 - i.e. 7 full calendar weeks. And that before, during, and or even after Trump's comeback to the White House. What does that mean? I don't know it! What I do know is that the US economy is now growing more or less faster than US inflation . So it seems that the US economy could to be growing out of the so-called US stagflation. Which is fundamentally negative and bearish for the TVC:DXY . Because then the US key interest rate should be lowered rather than raised. But compared to the other currencies in the basket, the US economy is still doing better - and the key interest rate is also higher. So that probably isn't the main reason - but it's still one. Because the "carry trade" is likely to continue like in the CAPITALCOM:USDJPY - although no longer with an even greater gap; but still. No - I think that the expectations of lower US interest rates were simply too high!? And maybe that's why the TVC:DXY is rising more strongly than previously thought?! We probably still have "Higher For Longer" with regards to the FED - and that's due to a relatively better US economy compared to the others. Which is also, more or less, sooner or later, (not) reflected in the TVC:DXY . 107.064 : 2024/11/14 - Last New Annual High Of This Year 2024 107.015 : 2024/11/14 - Thursday High After Annual High 2024 106.903 : 2024/11/15 - Fridays High After Annual High 2024 106.813 : 2024/11/18 - Yesterday's High After Annual High 2024 106.532 : 2024/11/19 - Todays High After Annual High 2024 After yesterday I drew two new upward trend lines for short-term trading this week - and these have proven their usefulness - I'm following up today. But just a quick reminder: We drew 2 new trend lines - two classic bullish ones that are supposed to more or less measure the upward trend. The lows were always connected to each other - and after the break of the uptrend, the last low was connected to the low of the downward breakout. So what, maybe you`re thinking right now? We have meanwhile a broken upward trend over the last 2 calendar weeks - precisely from the w trend reversal formation. Which isn't a bad thing - but it just proves that the bulls can't ensure an expensive TVC:DXY every day. On Friday last week, and/or Monday this week, we broke the first upside trend - from this pov (point of view) it is therefore irrelevant today, it no longer plays a role. In contrast to the second, which runs more or less this week from 105.9 to 106.5 points, until the end of this week. Since the end of last week, this week, there has been a downward trend too. Which is also proven by the SMA trend following indicator, which is set to 1 day & 5 days. And tends to change to blue from yellow. Until today! Today the bulls are taking over the terrain back again - we have +0.5% during today's trading day until now. Anyway, let us note also that we have always had a lower daily high since Thursday, Friday, Monday - including yesterday - but not today. And that's why I drew the downside trend from both highs, from last thursday. And what happens today? Yes - the bulls taking over again the terrain above. And that around the price action of 106.517 points - which was the 2017 annual yearly high, on the first trading day back then. And what does that have to do with today? Back then, everyone was also tense, afraid, and even more worried than today, me too, about what would happen in the White House when Trump had the last word. Sure, he'll make mistakes - he's no more perfect than any of us. But when I look at his personnel selection, they are all like-minded people, not assholes, if I may say so, and we can assume during the next 4 years there will hardly be any criticism from within our own ranks in public. And he can concentrate fully on implementing his policies, the policies of the US Republicans - and can deliver. Anyway, my humble person would just like to deliver by saying that the above-mentioned price actions are the first targets for the rest of the week, and should be defended by the bulls. For bears, pressure on the price action down to 106 points should be beneficial. Because below this price action I only notice a price action zone at more or less 105 points. Which, at least for bulls, needs to be defended until the weekend. But things are looking pretty good again today for TVC:DXY bulls. With best wishes and with good intentions! Aaron Another 48h - DXY ... is pure information material. By trying to give you even more information about the TVC:DXY every day to make even better trading decisions (buy/sell or do nothing). The goal of each day is from my side that you say to yourself after reading my daily analysis (Another 48h - DXY ...): "I didn't notice that before!" Because then you have received new information; yes - maybe even learned something!? If, yes? Then give me a like - and continue reading tomorrow! Concrete 4XSetUps with entry price, target price and also stop price are available in the daily 4XSetUps...
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DXY "DOLLAR INDEX" Market Money Heist Plan on Bullish Side (Wed, 20 Nov 2024)
Hii! My Dear Robbers / Money Makers & Losers, This is our master plan to Heist DXY "DOLLAR INDEX" Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback. Stop Loss : Recent Swing Low using 2H timeframe Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money . Warning : Fundamental Analysis news ️ comes against our robbery plan. our plan will be ruined smash the Stop Loss . Don't Enter the market at the news update. Loot and escape on the target Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan.....
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Understanding the U.S. Dollar Index (Wed, 20 Nov 2024)
The U.S. Dollar Index (USDX) is a critical tool for traders, investors, and economists alike, as it provides a measure of the overall strength of the U.S. dollar relative to a basket of major foreign currencies. The image shared highlights the core elements of the U.S. Dollar Index: its history, composition, calculation, and its economic implications. In this article, we’ll delve into what the USDX is, why it matters, and how you can trade or invest in it. What Is the U.S. Dollar Index? The U.S. Dollar Index is a numerical representation of the U.S. dollar's value compared to a basket of foreign currencies. It serves as a benchmark to measure the dollar's strength in the global economy. The USDX is calculated using exchange rates and reflects the dollar’s performance against six major world currencies. The index is maintained and traded in financial markets, offering investors a way to speculate on or hedge against changes in the dollar’s value. A rising USDX indicates a stronger dollar, while a declining USDX signals a weakening dollar. History of the USDX The U.S. Dollar Index was established in **1973** by the Intercontinental Exchange (ICE) shortly after the Bretton Woods Agreement was dissolved. This agreement, which pegged global currencies to the U.S. dollar and gold, collapsed, leading to floating exchange rates. The initial value of the USDX was set at 100. Over the years, the index has fluctuated based on the economic conditions, monetary policies, and geopolitical events influencing the U.S. dollar’s demand and supply. Its all-time high was approximately 164.72 in 1985, while its lowest was 70.698 in 2008. Why Does the Strong Dollar Matter? A strong dollar impacts the global economy in numerous ways: 1. Trade Impacts: A stronger dollar makes U.S. exports more expensive for foreign buyers, potentially reducing demand for American goods. Conversely, imports into the U.S. become cheaper, which can benefit American consumers. 2. Economic Implications: For emerging markets, a strong dollar increases the burden of dollar-denominated debt, as countries must repay loans in a currency that has gained value. 3. Investment and Market Effects: A rising dollar tends to attract foreign investors to U.S. assets like Treasury bonds, increasing demand for the currency further. However, it can also pressure commodities like gold and oil, which are priced in dollars. Understanding the dollar’s strength through the USDX helps businesses, traders, and governments make informed financial and economic decisions. What Does the Dollar Index Tell You? The Dollar Index provides insights into: Market Sentiment: A rising USDX signals increased confidence in the U.S. economy, while a declining index indicates weaker sentiment. Monetary Policy Expectations: The USDX often moves in anticipation of Federal Reserve policy changes, such as interest rate hikes or cuts. Global Economic Health: The index indirectly reflects how the global economy interacts with the dollar, as it is the world’s primary reserve currency. Traders use the USDX as a tool to gauge the relative strength of the dollar in real-time, helping them make informed decisions in currency, commodity, and equity markets. What Currencies Are in the USDX Basket? The U.S. Dollar Index measures the dollar’s performance against a **basket of six major currencies**, each with a specific weight in the calculation: 1. Euro (EUR)~57.6% weight 2. Japanese Yen (JPY)~13.6% weight 3. British Pound (GBP)~11.9% weight 4. Canadian Dollar (CAD)~9.1% weight 5. Swedish Krona (SEK)~4.2% weight 6. Swiss Franc (CHF)~3.6% weight The dominance of the euro in the basket highlights the close economic ties between the U.S. and the European Union. Other currencies in the basket represent major global economies and trading partners. How to Invest or Trade in the Dollar Index There are several ways to invest in or trade the USDX: 1. Futures and Options: The USDX is traded as a futures contract on the Intercontinental Exchange (ICE). Futures and options on the USDX allow traders to speculate on the dollar’s movements or hedge against currency risks. 2. Currency Pairs: Trading major currency pairs, such as EUR/USD or USD/JPY, offers indirect exposure to the dollar index. For instance, if the USDX is rising, the EUR/USD pair is likely falling. 3. Exchange-Traded Funds (ETFs): Some ETFs track the performance of the U.S. Dollar Index, providing an accessible way for investors to gain exposure without directly trading futures. 4. Forex Market Spot forex trading allows traders to speculate on the dollar’s strength against specific currencies in the USDX basket. 5. Commodities: The USDX indirectly affects commodities like gold and oil. A strong dollar typically puts downward pressure on these assets, offering additional trading opportunities. Limitations of the U.S. Dollar Index While the USDX is a valuable tool, it has some limitations: Narrow Currency Basket: The index only measures the dollar against six currencies, primarily from developed markets. It doesn’t account for emerging market currencies like the Chinese yuan, which are increasingly important in global trade. Euro Dominance: The euro’s large weighting means the index heavily reflects the euro-dollar relationship, potentially overlooking other factors influencing the dollar’s global strength. Static Composition: The basket has not been updated since its creation, which means it doesn’t fully reflect changes in the global economic landscape over the past decades. Ending thoughts The U.S. Dollar Index is a vital tool for understanding and navigating the global financial markets. By tracking the dollar’s performance against a basket of major currencies, the USDX provides insights into market sentiment, monetary policy expectations, and economic trends. Whether you’re an investor, trader, or policymaker, understanding the USDX can help you make informed decisions. If you’re looking to invest or trade the dollar index, there are multiple avenues to explore, from futures contracts and ETFs to spot forex trading. However, always consider the limitations of the index and ensure your strategies account for its biases and composition. The U.S. dollar remains the cornerstone of the global economy, and the USDX is your window into its strength and influence.
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Bearish Divergence Between DXY US Dollar Index & RSI (Wed, 20 Nov 2024)
The DXY is butting up against a zone of significant resistance, and a bearish divergence between the index and the relative strength index suggests that buying pressure is fading here. A sharp correction in the dollar could have significant implications for gold, silver and other commodities. Today we saw a rally in the DXY on a safe haven bid following news of escalation in Ukraine. If a major conflict between NATO and Russia really does break out, investors may learn the hard way that fiat currencies in fact do not make the best safe havens.
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