US DOLLAR Weekly Forex Forecast: Look For BUYS This Week!USD INDEX is bullish for the short term... but bearish in the longer term. This week will have opportunities for short term long positions. Just be mindful not to swing for home runs! The larger pullback seems to have started, so the bears are coming! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.Long06:57by RT_Money225
DXY: Watch the Key Level for the Next Bullish Leg HigherWelcome back! Let me know your thoughts in the comments! ** DXY Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!Longby OGT_Forex2
DOLLAR (DXY) BULLISHDXY has taken out certain lows on the weekly TF and now it's showing signs of starting a buy program by MaruTradesIcyTea1
DXY index Hello traders, I would like to discuss the DXY (U.S. Dollar Index). The price has reached the monthly Fair Value Gap (FVG), and all the buy stops indicated on the chart are now in play. Additionally, the daily and 4-hour timeframes are showing signals that suggest a downward movement. After a pullback to the 107 zone, this could present a good opportunity for a short position. --- If you have any specific areas you’d like to focus on or further questions, feel free to let me know!Shortby somayehbasiri8
DOLLAR INDEX UPDATE...... AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.Shortby AronnoFx7
DOLLAR INDEX UPDATE...... AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.Shortby AronnoFx5
DXY MOVE DOWN AHEAD|SHORT| ✅DXY broke the rising Support line and is now Making a retest so as we Are bearish biased we will Be expecting a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx113
DXY 1W Forecast until March 2025Consolidation below 106 will last until October 2024. Breakout will happen in October peaking at 111-112 followed by a retest (mid November 2024 - January 2025). Further upward movement + correction will happen in January-March 2025 between the top of 113-114 and the bottom of 105-ish. Consecutive HH and HL will be followed by rapid increase in pace of changes: time will shrink and levels will expand. This will mark the start of hard times of Greatest Depression in March 2025 sending all markets down and making USD the king.by discardingUpdated 2
DXY looking for selling opportunitiesDXY seems to have dropped below the previous supporting trendline, breaking and retesting and promising a bearish move for this week Shortby DaForexWitch0169
Short dollar H&SEntering lower high zone and rejection here would confirm the H&S top and allow nice rejection donwShortby FOLLOW_TRADINGYID_ON_TWTR1
DXY WEEKLY BIAS Hi there my followers I will not be here without you guys I will always try my best to serve you guys better, here is my bias for the weekly timeframe for DXY, you can use this to check out negatively correlated pairs like EURUSD, all you need to do is to follow up the callouts, pay close attention to details, never forget not to trade against the trend always observe proper risk management and do not overtrade or practice revenge trading. Stay tuned for more updates. I'm here to make your trading journey easier. by Dr_Trade11
DXYDXY - U.S Dollar Index Bearish Channel as an Corrective Pattern in Short Time Frame Break of Structure and Retracement RSI - Divergence Completed " 1234 " Impulsive Waves Order Blockby ForexDetective2
DXY afternoon technical analysisTechnical analysis for DXY. As long as 104.636 and 103.373 hold as support, bulls looking for move into the 112-114 area to complete wave ((3)) of C.Longby discobiscuit1
What about DXY?I haven't updated my DXY analysis for a while. So let's dust it off. The last update was in September when the atmosphere was changing in a way that we couldn't predict the US Election clearly and for a short period, the market thought the results wouldn't be as it is today. That was why I was a bit bearish on DXY. By getting closer to Election Day the clouds were going away and it got easier for the market to see the outcome. So, it strengthened the dollar while weakening the Gold as we expected the geopolitical tensions to cool off. What's next? For now, I see the 10-year bond yield can show a bit more weakness to come just below 3.99%. Then after that, we should update our analysis and see what comes next. But I think ~4% is low for now and after that, I like to see a jump back up. In this short-term correction DXY would follow the 10-year bond yield and most probably come into the range of 104 to 105. That's also can be a small driver for Gold to go higher a bit.Shortby SamanFx01
Time for the Dollar to be realisticWith the news of Donald Trump being the united states new president we have seen nothing but euphoric bullish price action of the dollar. However, I believe that it is finally time for that to come to an end and for the dollar to continue in it's gradual and slow demise. I believe the dollar push to the upside was nothing but a retracement on the HTF and with the bitcoin becoming more of a powerhouse we will continue to see the dollar lose its value. This is supported through my analysis as we can see the dollar reacting from the weekly imbalance and creating LL and LH and Breaking structure to the downside. I believe that this will continue this week and be looking to sell after price takes the ASH and forms Wyckoff in my 3H supply. My only hesitation is that my other pairs that go against the dollar I am also predicting to sell, Although we haven't seen the usual correlation between the pairs they normally have i am still cautious but my analysis remains ever true. If the dollar decides to push further up it will simply be filling the remainder of the Imbalance in order to have a proper reaction from the weekly supply.Shortby JamelCapital3
Bearish Outlook for the Dollar Index (#DXY): Key InsightsIn our earlier analysis of the 📉Dollar Index, we highlighted a consistently bearish outlook. The price has broken below a rising trendline and the neckline of a double top pattern on the 4-hour chart. It is now testing the confluence zone formed by these breached structures. A decline appears highly probable, with target levels set at 105.70 and 105.43.Shortby NovaFX236
US Dollar longs getting nervous. Intraday Update: The DXY is flirting with the rising trend line once again. Today we have weekly unemployment claims, and tomorrow is NFP. Likely we are waiting for NFP, however, EUR shorts (being short of EUR's the list is too long to put here as you know) may be getting a little twitchy as we hold above 1.0500. A move lower could start early in the USD index if the UC tick higher later today. Shortby ForexAnalytixPipczar3
DeGRAM | DXY testing of the supportDXY is in a descending channel between trend lines. The chart is forming a descending structure. The price has already reached the upper boundary of the channel and is now testing the support level and the lower trend line. We expect the decline to continue after consolidation under the dynamic support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM114
DXY Bullish trend continue**Monthly Chart** The Sept 24 candle formed an inside candle after it swept the liquidity from the previous candle low and tested the low of the July 2023 monthly candle at the midpoint of April 22 Fair Bullish Value Gap (IPA). The Oct 24 candle closed as a bullish engulfing candle, suggesting a strong bullish move for DXY in the next few months. This month's candle (which is still active) continued the strong bullish move for the DXY and took the liquidity above 106.49 and 107.34. I am still expecting DXY to at least move to test 110.00 before looking for any bearish structure. **Weekly Chart** Last week's candle closed bullish after swept liquidity above 107.348 level. Since DXY already took the liquidity. For Now, for DXY to continue the upward trend, it needs to form a bullish structure on smaller time frames for one more bush higher at least to test the low of 24 Oct 2022 weekly candle at 109.535 level. **Daily Chart** I would like to see DXY retrace lower at least to test 0.50 or 0.618 Fibs levels and FVG on the daily chart and form bullish confirmation for another push higher this week. This means a bearish continuation for opposite pairs to USD. Such as GBPUSD, EURUSD, AUDUSD..etc. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD.Longby PropSignalsUpdated 6
Shorting the Dollar: A Madman's GameI’m going to take this trade—it's close enough to the level where it would invalidate my idea. I may tighten my stops a bit, but I’m okay with taking a second shot later if I get stopped out. The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it. This price action is looking very similar to the July-September 2023 move. TVC:DXYShortby ZelfTradeUpdated 3315
Bearish drop off overlap reisstance?The US Dollar Index (DXY) has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 106.58 1st Support: 105.44 1st Resistance: 107.05 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.Shortby ICmarkets3314
DOLLAR INDEX - BEARISH MOVEHello Traders ! On friday 22 Nov, The Dollar Index reached the resistance level (107.993 - 107.274). At present, The Higher low is broken (Change of character). So, I expect a bearish move📉 ________________ TARGET: 104.640🎯Shortby Hsan_Benhmed5525