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DXY Dollar Index Technical Analysis and Trade IdeaOn the higher time frame, the DXY exhibits a bullish trend, characterized by recent retracement into the 50% level on the Fibonacci. As we delve into lower timeframes, our focus sharpens. Specifically, we are on the lookout for price to form a double bottom setup—a pattern that often signals a potential reversal. This setup involves a break below the previous range lows, followed by a robust rally and, subsequently, a formation of higher lows and highs. Additionally, we pay close attention to the concept of retest and failure. If price retraces to a key support level and fails to hold, it can indicate a shift in market dynamics. In this case, we’re particularly interested in observing a retest and subsequent failure of a range at support. However, it’s paramount to acknowledge the inherent risks associated with trading. Always conduct thorough research, considering both fundamental market drivers and the broader macroeconomic landscape. Combine this analysis with your technical insights. Furthermore, implement sound risk management strategies to safeguard your capital. Disclaimer: This analysis provides a technical perspective on the U.S. Dollar Index (DXY) and should not be construed as investment advice. Tailor your trading decisions to your specific risk
TVC:DXYLong
by fxtraderanthony
DXY H1 / BULLISH MARKET STRUCTURE SIGNAL => 📈✅ Hello Traders! This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will execute this trade. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:DXYLong
by GoodTradeST
1
DXY at an important crossroadsSince the beginning of the year, the USD Index has risen 5% from its lowest point to its peak. However, trading USD pairs has proven to be quite challenging due to the choppy price action and significant volatility between support and resistance levels. Upon analyzing the chart, the upward movement appears staggered and resembles a rising wedge pattern. This suggests that it may actually be a correction of the previous leg down from 107 to 100, indicating a potential impending decline. Confirmation for this hypothesis lies around the 103.80-104 zone. If the price breaks below this level, we should pay close attention to the next support levels, including 103, 102, and the crucial psychological and technical support at 100.
TVC:DXY
by Mihai_Iacob
DXY Technical Analysis and Trade IdeaTechnical Outlook: - The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend. - Recent price action indicates a retracement to a significant daily (1D) support zone. - This technical setup presents potential buy opportunities in line with the prevailing bullish bias. Trade Suggestion: - Entry: Consider long positions upon confirmation of bullish trend shifts on a lower time frame at the current support level. - Targets: Aim for 105, 105.5, and 106 as price objectives. - Stop-Loss: Strategically place stop-loss orders below the immediate support to manage risk. Important Disclaimer: This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.
TVC:DXYLong
by fxtraderanthony
DXY Dollar Index Technical Analysis and Trade IdeaThe #DXY is currently exhibiting range-bound behavior within a broader bullish trend on higher timeframes. While the overall bias remains positive, current price action does not present a compelling entry point for a long position. My strategy involves two potential scenarios: 1: Breakdown Scenario: A break below the current range support would provide a discounted long entry opportunity. 2: Breakout and Retest Scenario: A decisive break above the range high, followed by a retest and failure of that level as new resistance, would signal a potential long entry. Key Technical Considerations: - Trend Analysis: The higher timeframe bullish trend offers context for potential long setups. - Market Structure: Understanding the current range structure guides entry and exit points. - Price Action: Closely monitor price behavior around key support and resistance levels for trade signals. Disclaimer: This analysis is strictly educational and does not constitute financial advice. Always conduct your own independent research and thoroughly evaluate your risk appetite before executing any trades.
TVC:DXYLong
by fxtraderanthony
DXY Technical Analysis and Trade Idea for Week Beginning 5th FebGiven that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the break above the range and I'm looking at the retrace for a potential entry point. We can see similar opportunities presenting themselves with the EURUSD the AUDUSD etc. in the video we touch on how the market shaped up prior to the NFP release on Friday and we look at a potential trade opportunity. As always this information is intended for educational purposes only and not to be taken as financial counsel.
TVC:DXYLong
by fxtraderanthony
DXY: The USD kept its weekly rise ahead of the Fed's decisionThe dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this month. Dollar demand has been buoyant this month as traders trimmed expectations for when the Federal Reserve will start cutting interest rates due to strong U.S. economic data and reaction from central banks. naughty. The greenback was also supported by escalating geopolitical tensions in the Middle East, which have weighed on risk sentiment amid fears of a broader regional conflict. The US central bank is expected to leave interest rates unchanged, and so the focus will likely be on Fed Chairman Jerome Powell's post-meeting press conference to see if he will signal a cut. Analysts at ING said: “With US data releases - most recently December JOLTS data showing expanding employment opportunities - there appears to be little reason for the FOMC announcement tonight prompted the market to price in well above the current 130 basis point rate cut this year.” in a note. “This would be a neutral/positive development for the USD.” There's more labor data to study on Wednesday, in the form of ADP Private Payrolls for January, ahead of weekly initial jobless claims on Thursday and then broad data on Friday. - viewed monthly salary reports.
TVC:DXYLong
by Chart_MasterPro
DXY Dollar Index Technical AnalysisThe DXY has demonstrated a notable rally on the 1-day (1D) time frame, exhibiting distinct range-bound price action as it operates within a previously established weekly distribution level. The absence of a discernible trend is evident, with the market remaining in a sideways movement for an extended period. With high-impact news events scheduled for later today, Thursday, and Friday, there is potential for a breakout from the current range, presenting opportunities with dollar pairs. It is imperative to clarify that this analysis is intended exclusively for educational purposes and should not be construed as financial advice.
TVC:DXY
by fxtraderanthony
DXY Dollar Index Technical Analysis and Preping for MondayThe DXY is presently confined within a range, evident on both the 1-day (1D) and 4-hour (4H) time frames. Given that it is the end of the week, I am exercising caution about active market participation, considering the customary manipulation observed on Fridays as smart money strategically targets stops, aligning them with the upcoming week's trend. In this video, we evaluate the dollar index and contemplate potential trade scenarios with dollar pairs for the approaching week. It is important to emphasize that this content is intended strictly for educational purposes and should not be considered as financial advice.
TVC:DXY
by fxtraderanthony
7
DXY Dollar Index Technical Analysis - Where Is The USD Heading?DXY Analysis: The Dollar Index (DXY) has exhibited range-bound behavior recently, lacking a clear directional bias. While there are bearish undertones, a confirmed downtrend requires a break below the current range followed by a failed retest. This video explores multiple timeframes (monthly, weekly, daily, 4-hour) to identify potential dollar direction in the coming days and week. Given the key role of the dollar in shaping currency markets, its trading action significantly impacts opportunities in other pairs. However, with the current sideways movement, identifying high-probability trades could be challenging, especially considering the increased risk associated with end-of-week volatility and potential stop-hunting activity. Disclaimer: This analysis is solely for educational purposes and should not be considered financial advice.
TVC:DXY
by fxtraderanthony
The USD index look set to trade to and through 104We have remained bullish the US dollar the past few weeks, and continue to suspect there are plenty of shorts to be covered as markets finally concede that fewer Fed cuts are coming this year and already priced in. The dollar has posted a strong rally YTD, and after a brief consolidation momentum is trying to turn higher with a bullish outside candle. It's not major surprise to see it is holding beneath the 200-day EMA, but it did close above the 200-day MA. And if the US delivers a strong set of flash PMI figures or PCE inflation data, we suspect the US dollar can travel to and through 105 on its way to 105.
ICEUS:DX1!Long
by CityIndex
DXY (Dollar Index) Longs from 102.200 back upThe dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response. With the breakout from consolidation, I anticipate clearer price action. I will be monitoring for price to reach a 10hr demand zone that has previously resulted in a BOS on the higher timeframe. Upon reaching this point of interest (POI), I will then be on the lookout for an accumulation to unfold. Confluences for Dollar buys are as follows. - Market trend is overall bullish on the higher timeframe - Price has broken structure to the upside on the HTF. - Price is currently reacting off a supply to trigger the pullback towards our demand - Theres lots of liquidity and imbalances that need to get taken above as well. - 10hr demand zone lies within the 0.78 fib range and it caused the BOS to happen P.S. While I don't engage in direct trading of the dollar, I utilise it for confluence, especially since this pair significantly impacts the others I monitor. There's a possibility of a short-lived bullish trend if the 2-day supply zone doesn't hold. However, given the initial reaction, a downward movement seems likely. HAVE A GREAT TRADING WEEK AHEAD, LET'S CATCH THESE PIPS!
CAPITALCOM:DXYLong
by Hassan_fx