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Dxytradingsetup

Selling pressure on USD is increasing and in the current contextDXY: USD index today is maintaining below 105.20. After consecutive drops beyond the support level, the USD is in a continuing downtrend Investors should pay attention to protect profits with BUY positionsShows that selling pressure on USD is increasing and in the current context, information about the US is getting worse, causing the USD to weaken. Regarding technical factors. Because it has broken out of the uptrend zone, it is expected that the market will have a slight retest of the trend and then continue to decline. You can consider maintaining a sell watch with USD today.
TVC:DXYShort
by TheLeader_WOLF
DXY: there will be a correction todayDXY: The USD index yesterday fell sharply, penetrating the support zone and creating a head and shoulders pattern that can be clearly observed in the H1 frame in the context of negative information focusing on the US yesterday. And the FOMC meeting somewhat supported the USD's adjustment, but not significantly. Regarding technical factors this morning, DXY tested the neckline again, so it is likely that USD will continue to decline today. Consider maintaining a short position with USD.
TVC:DXYLong
by TheLeader_WOLF
DXY moved into a narrow range but looks bullish**Monthly Chart** DXY has been moving into a long-term range between 107 and 100 levels (round numbers) from January 2023. Last month candles closed lower after creating manipulation candles on monthly. This month's candle (currently active) tested the low of the previous two months and pushed higher with the NFP announcement last Friday. This moved DXY back into a narrow range. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** Last week the DXY closed higher after testing the daily swing low and liquidity pool around 104 level. It closed as a weekly bullish key reversal (low test) candle pattern which indicates a move of the price will be bullish for next week. The next target will be around 106, followed by 107.34 levels. **Daily Chart** You can see the impact of NFP and Employment Change that created a massive bullish candle on Friday after testing the Imbalance price action (IPA) for the entire week near the previous daily low and liquidity pool. This candle is a new IPA that will need to be tested for liquidity again this week. I will be looking for a retracement towards at least 50% of this candle which will provide a second confirmation that the move for DXY will be bullish for the upcoming weeks. This is another indication to look for selling opportunities for other currencies against the USD. Such as EURUSD, AUDUSD, and GBPUSD to go short for this week.
TVC:DXYLong
by PropSignals
DXY: USD index still maintains bullish stanceDXY: The USD index yesterday received both good and bad news. Therefore, we see that the USD largely maintains a state of accumulation and adjustment. On the Daily frame, a fairly positive candlestick is formed around the 105.70 threshold. However, in today's session, DXY is at risk of a deeper correction to around the 105.50 - 106.00 area and maintains its accumulation state today. You can consider buying USD when DXY returns to the 105.5-105.6 area.
TVC:DXYLong
by TheLeader_WOLF
DXY MARKET FORCASTSince the beginning of the week, the DXY has been giving us a correction after last week's impulse move. The market has already broken above the correction area, which was a downtrend in the smaller timeframes. Therefore, I'm expecting the DXY to continue pushing up further, as it has been respecting the setups from my previous analysis. This means the DXY will likely continue rising, and on the other side, we'll be looking for sell opportunities in the gold market and dollar pairs.
TVC:DXYLong
by hesbonndubi0
DXY and USD Pairs Technical Analysis and Trade Idea In this video, we provide a succinct analysis of the U.S. Dollar Index (DXY) and its potential impact on USD pairs. Following recent bullish momentum, the DXY has become overextended, reaching resistance levels. Currently, we observe a significant retracement toward support. Our main goal is to identify an optimal buy entry point within this critical support zone, assuming price action aligns with our analysis from the video. As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s essential to recognize that this content serves an educational purpose and should not be construed as financial advice." 📈🚀📊
by tradingwithanthony
DXY - USD Sinking To A Bottomless Pit The Fundamentals When I think of U.S. Federal Reserve and U.S. Government infinite debt ceiling, the title of the movie, "The Gods Must Be Crazy" comes to my mind. What they are doing has only one end result, the destruction of the U.S. $ and its economy. There are new sheriffs in town (BRICS - Economic Sheriffs, Russia, China, Iran - Military Sheriffs), the U.S. no longer has military nor economic hegemony, this is what's behind the power of the U.S. $, imagine being powerless to protect their interests in the red sea, where there's a new sheriff in town called Iran camouflaged as Houthis :D or being kicked out of Niger? Some genius decades ago, had the bright idea that backing the U.S. $ by military power was a great idea, moving factories to China for the sake of increasing profits was also a bright idea, and at the same time antagonizing China. The Technical Analysis Counting the waves, looks like we've completed wave B of wave 5 which means wave C could take the USD below 92. Coincidently that's close to 0.5 and 0.618 Fibs. Wave 1 and 2 of wave C looks completed now brace for impact! Mayday! Mayday! The Bullish Scenario Wave B of wave 5 could be an extended wave and take the USD all ze vay to 119 and crash afterwards.
INDEX:DXYShort
by ankhramsiswmriimn
DXY (dollar index) weekly ideaCurrently, the dollar trend indicates a bearish direction, suggesting that pairs I typically trade, such as GU, EU, and gold, may rise. Presently, I anticipate a retracement to occur towards an 8-hour supply zone I've identified, facilitating the continuation of the bearish trajectory. This ideally aligns with my strategy until the price drops to around the 104 level, potentially sparking a bullish rally upwards. At that point, I'll need to seek selling opportunities for my other pairs. The dollar's price action appears clear, and there are still imbalances below that require fulfilment. Have a great trading week guys!
TVC:DXYShort
by Hassan_fx