$DXY here now trying to breakout above the 4h resistance - maybe not too late to go long before Friday U.S. Nonfarm Payrolls
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- #283
- Jun 3, 2026 4:59pm Jun 3, 2026 4:59pm
- Joined Jun 2009 | Status: Trend Trader | 6,319 Posts
If you think you can or cannot do it you are correct
DXY have already taken a liquidity above it, and then when the market close and open, create a gap down DXY can buy up to overlape the Volume imb just create today, and then I think after overlape that Volume imb, if price have a favorite in sell, move aggressive and look like it wants to sell, I want to see price will sell down to the Volume imb in daily chart below cuz we not overlape it yet It can happen today or the future but I believe it will sell down to there {image} {image}
Starting Monday, June 8th, the target will be 103, and by the end of the year, it will be above 104. It's not a given that the market won't open higher, meaning the targets will be higher. That's why I'm saying that for the US dollar, it only makes sense to consider longs now.
- #286
- Jun 4, 2026 12:17am Jun 4, 2026 12:17am
- Joined Dec 2020 | Status: TIME is my GAIN | 1,931 Posts | Online Now
chaos is just unknown order
{quote} In fact, the dollar index targets are much higher. {image} Starting Monday, June 8th, the target will be 103, and by the end of the year, it will be above 104. It's not a given that the market won't open higher, meaning the targets will be higher. That's why I'm saying that for the US dollar, it only makes sense to consider longs now.
Your target is 103 also very nice, I understand why price target it
Thank you for pointing it out, I analyze DXY to trade another pair and just trade in lower time frame so I don't see it haha
{quote} I think you are right, DXY is consolidating on the weekly chart, and it does that for a long time, so I think price can buy up in the future Your target is 103 also very nice, I understand why price target it Thank you for pointing it out, I analyze DXY to trade another pair and just trade in lower time frame so I don't see it haha
- #289
- Edited 6:02am Jun 4, 2026 5:41am | Edited 6:02am
{quote} I think you are right, DXY is consolidating on the weekly chart, and it does that for a long time, so I think price can buy up in the future Your target is 103 also very nice, I understand why price target it Thank you for pointing it out, I analyze DXY to trade another pair and just trade in lower time frame so I don't see it haha
- #290
- Jun 5, 2026 8:03am Jun 5, 2026 8:03am
- Joined Dec 2020 | Status: TIME is my GAIN | 1,931 Posts | Online Now
chaos is just unknown order
Nothing surprising really happened; we simply continued to move higher. Let's not forget that it's early summer, and at this time, the currency market usually collapses with rare exceptions.
I can also say that we've identified the main support level for the dollar index for the next quarter, and it's currently at the 98 strike. So if the price drops to that level, or a little higher or lower, it makes sense to consider buying. The targets remain at 103.
The worst-case scenario turned out to be simply upwards. I thought there would be a pullback and I could get it cheaper, but it didn't work out that way.
I can also say that we've identified the main support level for the dollar index for the next quarter, and it's currently at the 98 strike. So if the price drops to that level, or a little higher or lower, it makes sense to consider buying. The targets remain at 103.
The worst-case scenario turned out to be simply upwards. I thought there would be a pullback and I could get it cheaper, but it didn't work out that way.
- #294
- Last Post: Jun 9, 2026 11:35am Jun 9, 2026 11:35am
- Joined Dec 2020 | Status: TIME is my GAIN | 1,931 Posts | Online Now
chaos is just unknown order