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DXY Sell this rally. Bearish until end-of-year.The U.S. Dollar index (DXY) has been trading within a Channel Down since the September 26 2022 High and is currently on a medium-term Bearish Leg. The last 3 weeks however have been a short-term rebound (all 1W candles green), but the price is still below both the 1W MA200 (orang trend-line) and the 1W MA50 (blue trend-line). This doesn't alter the bearish trend as this is not the first time we've seen this price action. More specifically, DXY also made a short-term rebound during the first Bearish Leg of the pattern and rebounded on January 30 2023 back to the 1W MA50. This delivered a strong rejection which eventually completed the Bearish Leg with one last round of selling to complete a -13.30% Bearish Leg in total. Before that, we also saw the same pattern (also on 1W RSI terms) in 2020, when on August 31 2020 the price again had a short-term rebound only to resume the bearish trend and finish the sequence again at -13.40% from the top. As a result, as long as the price remains (closes) below the 1W MA50, the last sell signal is given when the 1W RSI breaks above its MA (yellow trend-line) and then we can expect the Bearish Leg to complete a -13.30% decline with a 96.000 Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
Dollar At Resistance; Will Lower CPI Cause New Drop? We had a volatile start of a new trading week. The dollar moved higher across the board as the US and China appear to be moving toward lowering tariffs, suggesting progress toward a potential trade deal. As a result, stock futures are also trading to the upside. However, keep in mind that sharp moves on Monday can easily be reversed through the rest of the week, possibly even today, after US CPI came out lower than expected, which can cause some weakness on yeilds, and possibly FED will be ready to cut rates after-all. So, I think that USD can still come under pressure, especially if we also consider that rise on DXY is in three legs and that a lot fo gaps from this weekend are still unfilled.
CAPITALCOM:DXY
by ew-forecast
Bearish revrsal off pullback resistance?US Dollar Index (DXY) is rising towards the pivot and could reverse from this level to the 1st support. Pivot: 101.78 1st Support: 98.90 1st Resistance: 103.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
USDJPY Set to Rise as Support Holds and Dollar Finds TailwindsUSDJPY looks poised for further upside following a period of consolidation and a successful retest of strong support around the 140.50 level. The weekly chart reveals a clear triple bottom pattern, reinforcing the strength of this support zone and suggesting renewed bullish momentum. The US Dollar is starting to regain strength after a period of weakness, supported by improving U.S. economic data, sticky inflation, and a less dovish stance from the Federal Reserve. In contrast, Japan is unlikely to change its ultra-loose monetary policy in the near term, keeping rate differentials wide and favoring a stronger Dollar. With the Bank of Japan expected to hold rates steady for the foreseeable future, capital is likely to continue flowing out of the yen. Carry trade flows remain intact, adding to the upward pressure on USDJPY. Momentum indicators are turning higher, and price action is forming a steady base for another leg up. The market could target the 150 zone in the coming weeks, where the 50-week moving average may act as initial resistance. As long as 140.50 holds, dips could offer attractive buying opportunities. A sustained move above 145.00 could trigger fresh bullish momentum and accelerate gains.
Long
by fwalbaum
DXY Rebounds on Fed Pause and Trade Deal Hopes.Macro approach: - DXY edged higher, recovering earlier losses as the Fed held rates and Powell was cautious. - Jun cut hopes faded, though markets expect three cuts this year, potentially lifting DXY short-term. - A potential US-UK trade deal also helps ease bearish sentiment on the dollar. Technical approach: - DXY is hovering around the key resistance at around 100.200, confluence with EMA21, indicating a potential short-term correction. - If DXY closes above the resistance at 100.200, the price may continue to claim to retest the following resistance at 101.800. - Conversely, closing below the current trendline may lead DXY to retest the swing low at around 98.000. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
TVC:DXYLong
by DatTong
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 99.61 1st Support: 99.36 1st Resistance: 100.03 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
EURUSD Outlook: Head & Shoulder or Bear Trap?Mirroring the DXY, the EURUSD appears to be holding below the neckline of a head and shoulders pattern formed from the 1.1570 highs. However, it still requires confirmation with a sustained move below 1.1270 to extend the forecast toward 1.1140 and 1.1040. On the upside, if the 1.1270 support holds, EURUSD may reverse course, confirming a failed pattern and potentially rebounding toward 1.1420, 1.1470, and 1.1570. From a monthly perspective, the EURUSD is pulling back above the upper boundary of the long-respected channel extending from the 2008 highs, currently holding near the key 1.1270 support. This may signal a short-term trend reset before markets regain directional clarity. Written by: Razan Hilal, CMT
by FOREXcom
DXY Analysis: Head & Shoulders or a Bull Trap? Despite a notable contraction in U.S. GDP and a sharp drop in Core PCE — both pointing to increasing recession risk — the U.S. Dollar Index (DXY) managed to sustain its rebound. On the 4-hour chart, DXY is pushing above the neckline of an inverted head-and-shoulders formation. However, confirmation is still needed — a clean hold above 100.30 is essential to avoid a bull trap. Upside Levels in Sight (if 100.30 holds):101.30 - 102.00 - 103.50 Downside Risk (if neckline fails):99.30 - 98.90 - 98.00 From a monthly perspective, DXY is holding above the 98 support and remains above the lower border of the up-trending channel extending from the 2008 lows, paving the way for another possible drop this year towards that border should the 98-support be decisively breached. From a daily momentum perspective, the overall picture may signal a short-term trend reset before markets regain directional clarity Written by Razan Hilal, CMT
TVC:DXY
by FOREXcom
DXY 4H Chart AnalysisThe U.S. Dollar Index is currently consolidating near the 99.400 level, within a broader bearish trend. Price is sitting just above key H4 support (~99.000), making this a critical decision zone. Bullish scenario: Rejection from 99.000 could lead to a retracement towards 100.000, and potentially 102.500 if momentum holds. Bearish scenario: A break below 99.000 would confirm further downside, possibly targeting 97.500 and beyond. Traders should wait for clear price action confirmation before committing to a direction.
TVC:DXY
by BeaucoupPips
Is the US Dollar Preparing for a Bullish Comeback?The DXY is currently maintaining a bullish setup amid trade negotiations, election developments, and anticipation of key leading U.S. economic indicators this week. An inverted head-and-shoulders formation is visible on the 4-hour time frame. A decisive catalyst and a breakout above the 100.00 and 100.30 levels are needed to confirm a more sustained bullish bounce from multi-year lows, with targets at 102.00, 103.30, and 104.70 — reversing recent strength in major global currencies. On the downside, a breach of the 97.00 level could trigger a decline toward the lower boundary of the long-term uptrend channel established since 2008, aligning with the 92.00 zone, and potentially lifting gold and major currencies globally. Several key events this week could challenge or reinforce the current bullish setup amid ongoing Trump–China trade negotiations: U.S. Advance GDP & Core PCE — Wednesday BOJ Rate Decision & U.S. ISM PMI — Thursday U.S. Non-Farm Payrolls — Friday Mega Cap Earnings — Wednesday/Thursday While long-term signals remain bearish, short-term charts suggest a potential bullish recovery, with trade negotiations likely to tip the balance. Written by Razan Hilal, CMT
TVC:DXY
by FOREXcom
Heading into pullback resistance?US Dollar Index (DXY) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 100.27 1st Support: 98.32 1st Resistance: 101.77 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
Price Action + Fundamentals Point to Dollar StrengthThe current market environment presents compelling evidence for a bullish move in the US Dollar Index (DXY). While some patience is required, the setup is increasingly favorable for the dollar to appreciate in the coming weeks and months. Key Factors Supporting a Bullish Move: Monthly Close Above 100.160: A critical technical level to monitor is the monthly close above 100.160. If achieved, it would signal a strong bullish breakout, setting the stage for a continuation higher. Given current price action and market dynamics, this scenario looks highly probable. However, if the price fails to close above 100.160 and instead breaks below it, we could potentially start looking for short opportunities. Bond Market Strength (30Y, 10Y, 5Y): This past week, we witnessed notable strength across the US bond market. Yields declined as prices rose, typically a positive signal for the dollar as it reflects capital inflows into US assets. COT Report Insights: The Commitment of Traders (COT) report reveals a critical shift: commercial traders, often considered the "smart money," are beginning to accumulate long positions in the dollar. This change in positioning historically precedes significant bullish moves. Seasonal Patterns: Seasonality also favors the dollar during this period. Historically, the dollar tends to strengthen in the mid-year months, aligning perfectly with the current technical and fundamental landscape. Targets: Initial Target: 106.120 Given the accumulation signs and supportive macro backdrop, a move towards 106.120 seems very realistic.
TVC:DXYLong
by Wiiso
DXY "Dollar Index" Market Bullish Heist Plan (Day or Swing)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the DXY "Dollar Index" Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk ATR Line. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (99.900) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📍 Thief SL placed at the nearest/swing low level Using the 1H timeframe (98.900) Day / Swing trade basis. 📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 101.400 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 💰💵💸DXY "Dollar Index" Market Heist Plan (Swing/Day Trade) is currently experiencing a Bullish trend.., driven by several key factors.☝☝☝ 📰🗞️Get & Read the Fundamental, Macro, COT Report, Geopolitical and News Analysis, Sentimental Outlook, Intermarket Analysis, Index-Specific Analysis, Future trend targets with Overall outlook score... go ahead to check 👉👉👉🔗🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
TVC:DXYLong
by Thief_Trader