Dxyanalysis
US DOLLAR INDEX : DXY READY TO FLY !! great opportunity !- The US Dollar Index (DXY) is showing strong signs of bullish momentum as it bounces off key support levels and begins to break through short-term resistance.
- I draw a bars pattern to show you exactly how DXY will balance next weeks.
The strategie that i used is very unique, just follow bars pattern up and down.
- Fundamental Drivers: Positive US economic data and expectations of potential Fed rate hikes support the bullish outlook for the USD, adding confidence to the trade.
- This setup offers a great opportunity to catch the next leg of the US Dollar’s potential rally. Happy trading! 📈
DXY Dollar Index Market Bearish Heist Plan 🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉
Entry 📉 : Traders & Thieves with New Entry A Bear trade can be initiated at any price level.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4h period, the recent / nearest high level
Goal 🎯: 105.800 (or) Before escape in the market
Scalpers, take note : only scalp on the Short 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 💰.
📰🗞️Fundamental, Macro, Sentimental Outlook
The DXY (Dollar Index) market is expected to move in a bearish direction, driven by several key factors.
🔴Fundamental Analysis
The DXY is a geometrically weighted index that tracks the value of the US dollar against a basket of six major currencies: the euro (57.6%), Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). The index is influenced by interest rates, inflation, and economic indicators such as GDP and employment rates.
🟠Macro Analysis
The US Federal Reserve's monetary policy decisions significantly impact the DXY. With the Fed's rate hike cycle, the US dollar has strengthened against other major currencies. However, the recent decline in US Treasury yields has put pressure on the dollar.
🟡Market Sentiment
The market sentiment for the DXY is currently bearish, with 71% of IG client accounts short on this market. However, some analysts believe that the dollar's decline has been overdone and expect a rebound.
🟢Retail Traders' Sentiments
Retail traders' sentiments are mixed, with some expecting a bullish move and others predicting a bearish trend. On TradingView, some analysts have identified a potential bearish pattern, while others see a bullish reversal.
🔵Upcoming Events
The upcoming events that may impact the DXY include:
Federal Reserve Meeting: The Fed's interest rate decision and monetary policy statement may influence the dollar's value.
US GDP and Inflation Data: The release of US GDP and inflation data may impact the dollar's strength.
Trade Developments: Any updates on US trade policies, particularly with China, may affect the dollar's value.
🟣Trading Expectations
Based on the analysis, it's challenging to predict a clear direction for the DXY. However, considering the bearish market sentiment and potential bearish patterns, a neutral to bearish move is possible in the short term. Keep a close eye on upcoming events and market developments to adjust your trading strategy accordingly.
⚠️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
🚨Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
🚨Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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XAUUSD - Gold Enters the Last Week of January!On the 4-hour timeframe, gold is above the EMA200 and EMA50 and is in its ascending channel. If gold rises to the previous ATH, we can look for selling positions at the ceiling indicated by the target of the midline of the ascending channel. A correction of gold towards the demand zone will provide us with its next buying position.
Last week, the gold market showcased one of its most stable and impressive performances in recent months, seemingly adapting to the shocks and uncertainties introduced by the newly established U.S. administration.
Darin Newsom, Senior Market Analyst at Barchart.com, highlighted that given global markets’ reaction to the unpredictability of the new U.S. president, there appear to be few barriers to new record highs for gold. He stated, “At this point, we can set aside technical and fundamental analysis. Gold is acting as a safe haven against the chaos stemming from the new U.S. government. No one knows what the next statement or action will be.”
According to the latest U.S. Purchasing Managers’ Index (PMI) report released by S&P Global, the services sector index dropped to 52.8, marking its lowest level since April of last year and falling below market expectations of 56.5. Meanwhile, the manufacturing PMI rose to 50.1, exceeding the forecasted 49.7. The composite PMI also decreased to 52.4.
Although confidence in the services sector has declined from its 18-month peak in December, it remains the second-highest level recorded in the past year.Additionally, the services sector experienced the fastest rate of job creation in 30 months. Input costs and selling prices across sectors also rose at the fastest pace in four months.
Chris Williamson, Chief Economist at S&P Global, commented on the data, stating that U.S. businesses began 2025 with optimism about the new administration’s policies. In particular, growth expectations in the manufacturing sector have increased due to anticipated government support. He also noted that while GDP growth slowed slightly in January, sustained business confidence suggests this slowdown may be temporary. The rise in hiring rates, driven by improved business outlooks, is another encouraging sign.
However, Williamson warned about increasing inflationary pressures. Companies reported that rising supplier costs and higher wages, driven by labor shortages, have led to price increases. If this trend continues, concerns about inflation could intensify, prompting the Federal Reserve to adopt more hawkish policies.
Rich Checkan, President and COO of Asset Strategies International, predicted that gold might experience a price correction in the short term. He explained, “While the long-term trend for gold remains bullish, thanks to the mismanagement of fiat currencies, I anticipate a price correction this week. Gold has approached historical highs today, but uncertainties surrounding the upcoming Federal Open Market Committee (FOMC) meeting could prompt investors to take profits, leading to a temporary price pullback.”
This week, officials from major central banks worldwide will convene to make critical decisions. These meetings come as discussions about President Trump’s tariff threats resurface. The Federal Reserve, the European Central Bank (ECB), and the Bank of Canada (BoC) are all scheduled to hold their monetary policy meetings this week.
DeGRAM | DXY pullback in the channelThe DXY is in an ascending channel between trend lines.
The price is moving from the upper boundary of the channel and dynamic resistance.
The chart has fallen below the support level.
We expect the pullback to continue
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DeGRAM | DXY seeks to close the gapDXY is in a descending channel between trend lines.
After the gap formation, the price has reached the lower boundary of the channel, the support level and the lower trend line, which previously acted as a rebound point.
The chart approached the 38.2% retracement level and is now holding above the resistance level.
We expect the rebound to continue if successfully consolidated above the resistance level.
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DXY- Start of correction?In my previous analysis of the DXY, I mentioned that the index might begin a correction after more than three months of upward movement and a 10% increase.
Yesterday, the market opened with a downside gap and broke below the rising trendline that had been supporting the price since the 100 mark. This suggests that 110 could now serve as a local top. As long as the price remains below this level, shorting the USD currency could present a viable trading opportunity.
I am currently looking for buying opportunities in currency pairs such as EUR/USD, GBP/USD, AUD/USD, and NZD/USD.
DXY (INDEX) analysis This chart shows the U.S. Dollar Index (DXY) on the 1-hour timeframe. Key observations:
1. **Support Zone**: The shaded grey area around 108.800–109.000 is acting as a strong support zone, with multiple rejections visible.
2. **Rounded Retest**: There seems to be a rounded retest pattern forming, suggesting bullish momentum might build if the price sustains above this level.
3. **Structure**: Break of structure (BOS) and change of character (ChoCh) markers indicate recent shifts in momentum. The latest BOS suggests the potential for bullish continuation.
4. **Key Resistance**: Immediate resistance is visible near 109.400–109.600. A breakout above this could lead to further upside.
5. **Strategy**: Watching for bullish confirmation above the support zone or at breakout levels could be prudent. Alternatively, failure to hold this zone may lead to bearish pressure.
DeGRAM | DXY growth in the channelThe DXY is in an ascending channel above the trend lines.
The price is moving from the lower boundary of the channel and the support level.
The chart has broken the descending structure.
We expect the index to continue rising after consolidating above the resistance level, which coincides with the 50% retracement level.
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DXY could start correcting soonThe last quarter of 2024 was exceptionally bullish for the DXY, with the price climbing from 100 to a peak around 109—a substantial 9% increase in a relatively short period.
The bullish momentum has continued into the start of 2025.
However, since late December, the price action has become more overlapping, which could indicate the potential for a reversal.
At present, the price remains above the bullish trendline, so there are no clear reversal signals yet.
That said, it’s important to monitor for a downside break. If such a scenario occurs, the index could drop toward the 106 support level.
DeGRAM | DXY decline in the channelThe DXY is in an ascending channel between the trend lines.
The price is moving from the upper boundary of the channel and has already dropped below the trend line.
We expect the index to continue its decline in the channel.
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DeGRAM | DXY held the supportThe DXY is in an ascending channel between the trend lines.
The chart maintains an upward structure and has already reached the 62% retracement level.
We expect growth.
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Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could potentially drop to the 1st support.
Pivot: 109.38
1st Support: 108.53
1st Resistance: 110.17
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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.
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DeGRAM | DXY prepare for correctionThe DXY is in an ascending channel between trend lines.
The price is moving from the dynamic resistance and the upper boundary of the channel.
The chart maintains an upward structure, but the growth rate has slowed down and indicators indicate a hidden bearish divergence.
We expect a correction.
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