DXY trade ideas
DeGRAM | DXY continues to growDXY is in a descending channel between trend lines.
The price is moving from the lower boundary of the channel.
During the momentum corrections, the chart successfully maintained the structure and held the 50% retracement level.
We expect the upward movement in the channel to continue.
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DeGRAM | DXY dollar in the turbulence zoneDXY is in a descending channel under the trend lines.
The price is moving from the upper boundary of the channel.
After breaking the trend line, the chart went sharply lower amid the announcement of trade duties, after which it formed a gap.
On the main timeframes indicators have gone into the oversold zone.
We expect that the index will seek to close the gap after testing the lower boundary of the channel.
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DXY Bearish trend continues on SSL and Bearish ORDER BLOCKDXY is known for extreme liquidity grabs especially after Trump's tariff announcements. Until we see countries remove tariffs and companies changing factory locations DXY will still be week. A decent pullback this week?? Probably not, Next? Maybe STAY SHARP!!
Bearish continuation?US Dollar Index (DXY) is rising towards the pivot an could drop to the 1st support.
Pivot: 103.26
1st Support: 101.79
1st Resistance: 104.68
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Weekly FOREX Forecast: Buy EUR, GBP, AUD, NZD vs USDThis is an outlook for the week of April 7 - 11th.
In this video, we will analyze the following FX markets:
USD Index
EUR
GBP
AUD
NZD
CAD
CHF
JPY
Wait for the market to tip its hand! Monday is a no red folder news day. Great time to let the markets settle on a direction.
Trading a market after a huge push in one direction can be tricky. There is likely to be a pullback before continuing the overall trend. Bear this in mind with the USD.
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.
U.S. Dollar Index (DXY) - Bearish Breakdown or Reversal?📊 U.S. Dollar Index (DXY) - 4H Chart Analysis
🔵 Supply Zone (104.400 - 104.683)
🟦 Resistance area where sellers may step in 📉
🟡 Key Level (~104.200)
🟧 Decision point – price struggling to hold this level
📉 Trend Line (Broken) 🔻
❌ Previous uptrend is broken, signaling potential bearish momentum
🟢 Demand Zone (103.200 - 103.400)
🟩 Support area where buyers may get active 📈
🚀 Potential Market Movement:
1️⃣ Bearish Breakdown Expected ⬇️
🔹 Price broke below trendline ➡️ selling pressure increasing
🔹 Possible pullback to key level (~104.200) before more downside
🔹 Targeting demand zone (~103.200-103.400) 🎯
2️⃣ Invalidation/Stop-Loss 🚫
🔺 If price moves back above 104.683, bearish setup is invalid
🔺 Stop-loss placed at 104.683 for risk management
🎯 Trading Strategy:
✅ Short Entry: After pullback near 104.200
🎯 Target: 103.200 demand zone
⚠️ Stop Loss: Above 104.683
DXY PULLBACK EXPECTED|SHORT|
✅DXY surged again to retest the resistance of 103.400
But it is a strong key level
So I think that there is a high chance
That we will see a bearish pullback and a move down
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
DXY (USDX): Trend in daily time frameThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
BEST,
MT
DXY Outlook: Will Trump’s Tariff Shock Fuel a Run to 106?DXY Technical Outlook – April Week 2
After Trump’s tariff announcement shook the markets last week, the Dollar Index (DXY) dropped sharply into an extreme daily demand zone (102.000–101.500) and responded with strong bullish pressure by Friday’s close.
If fear continues into Monday, DXY could extend higher. The key area to watch is 103.500, a solid resistance zone. A clean breakout above this level could trigger an aggressive rally toward 105.500–106.000, where major supply lies.
Bias: Bullish
Key Levels:
• Support: 102.000 – 101.500 (extreme demand zone)
• Resistance 1: 103.500
• Resistance 2: 105.500 – 106.000
This week, USD could be one of the strongest assets if risk-off sentiment continues and equity markets remain under pressure.
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Weekly forecast by Sphinx Trading
Let me know your bias in the comments.
#DXY #USD #DollarIndex #ForexAnalysis #SphinxWeekly #TrumpTariffs #RiskOff #MacroView
Will the DXY Hold the $109 Level Amid Bearish Patterns and CPI?The DXY is currently forming a bearish chart pattern as it awaits the release of today's CPI data. The key question remains: will the $109 support level hold firm, or is a breakdown imminent? I’d love to hear your analysis and insights on this critical matter.
DXY Index: Wave Analysis & ForecastHi tradars!
Based on the DXY index, considering the deep overbought conditions on the 4-hour timeframe and the reversal of indicators on the 1-hour timeframe, we can assume that subwave ((iii) within the larger third wave has now been formed.
It reached approximately 100% of subwave ((i)), and in the coming week, we expect the development of wave 4. After that, likely next week—closer to the Federal Reserve meeting—we could see the continuation of the bearish rally in DXY from around the 104.70 level.
Currently, the chart displays the primary wave count. Let’s see if this scenario plays out.
#DSI #WaveAnalysis #Forex #Trading #FedMeeting
U.S. Dollar Index (DXY) – Weekly Outlook | Elliott Wave Analysis
This DXY weekly chart highlights a potential (A)-(B)-(C) corrective structure unfolding after a completed 5-wave impulsive rally. Wave A bottomed out around the 100 level, followed by a retracement in Wave B which tested the 111.893 supply zone. Currently, price is reacting strongly from that level, suggesting a possible move toward completing Wave C.
Current Market Structure:
Wave B faced strong rejection near the 111.893 resistance/supply zone.
Price is now hovering near a short-term support zone (light green) around 102–100, which could serve as a decision point.
Two scenarios are in play:
1. Bullish Rejection from Support: If buyers defend the support, a new bullish leg may begin, retesting 111.893 or even pushing slightly higher.
2. Break Below Support: A decisive breakdown could initiate a deeper decline toward the major demand zone (highlighted in beige) near 90.00–92.50, completing Wave C.
Key Technical Zones:
Resistance (Supply Zone): 111.893
Immediate Support: 100.00–102.00
Major Demand Zone (Wave C Target): 90.00–92.50
Current Price: 102.892
Elliott Wave View:
The ongoing move appears to be part of a Wave C correction, which will be confirmed only if price breaks below the current support. On the flip side, a higher low and bullish continuation could mean the correction ended early, transitioning into a fresh impulse.
Conclusion:
The DXY is at a critical juncture. Traders should monitor price action closely at the 100–102 zone. A bounce could trigger a bullish setup back toward resistance, while a breakdown would likely bring Wave C to completion in the 90–92.50 zone.
Stay tuned and trade with discipline.
DXY Breaking Down?The US Dollar Index (DXY) may be entering a strong bearish wave. After completing wave B, the market has started impulsive wave C to the downside. Currently, wave 3 might be ending, with a potential short-term bounce for wave 4, followed by a drop into wave 5.
Key Bearish Outlook:
Resistance Zone (Wave 4): 104.924 – 104.932
Invalidation Level: 106.505
Final Wave 5 Target: Near 93.422
If price stays below the invalidation level, more downside is expected. Watch for shorting opportunities if wave 4 completes and reverses.