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DXY trade ideas

A Merry Christmas To All! I wanted to post a short message here as I have no pairs on watch for today going into the Christmas period this week. A HUGE thank you to all of my followers who have supported me through 2024, all of the boosts and comments you guys have made are really appreciated. I look forward to seeing you all back here for a massive 2025, full of momentum and speed to make next year YOUR year. Have a great time with family and friends over this next week or so, make sure you have your plan of action in place to hit the ground running come January the 1st!
TVC:DXY
by JordanWillson
4
DXY Weekly analysis 24-Aug-2024Dxy is in the ascending channel in the monthly time frame Also, at the moment, it is almost close to the bottom of the channel As various indicators show oversold, I expect the price to bounce back from the area shown on the chart. Otherwise, with the channel floor breaking, I expect the price to drop to the specified range But even if the price continues to decline, we should see a pullback in this area *Be profitable Thank you for expressing your opinion with likes and comments
TVC:DXYLong
by Avril_Forex
5
idea on a chart US Dollar (USD) continues to trade near its 2-year highs. Dollar Index (DXY) was last seen at 108.23, OCBC’s FX analysts Christopher Wong notes. USD continues to trade near its 2-year high “Daily momentum is mild bullish while RSI rose into overbought conditions. Resistance at 108.50, 109 levels. Support at 107.20, 106.70 (21 DMA). Day ahead watch US data – core PCE, personal income/spending and Uni of Michigan sentiment. Market liquidity is increasingly thinner and fluid pricing can exacerbate FX moves. A softer than expected print may provide a breather for risk proxies and tame USD bulls.”
TVC:DXY
by EZIO-FX
Watchlist Breakdown 22/12/2024A quick breakdown of my TOP6 in preparation for next week. This is not Mark's or the Coaches analysis, so take it with a little distance but I still hope you took value from it and it helped you in preparing next week. As we move into the festive period a lot of banks will reduce their exposure resulting in much lower liquidity over all asset classes so I'm not too eager to get involved in trades. Let price and the DXY settle over the next couple of days, stay in your routines, keep the momentum high and be prepared when 2025 starts.
TVC:DXY
by Nico_Lochte
USD$ is set to rise. On Monday I said the opposite: Falling I stand corrected on what I published last Monday right before the Asia session, I think a rushed analysis and when you see what you want to see in a chart to support an idea, it can all go wrong. Or did the USD$ have such a bullish week to turn the charts around in such a short space of time. I don't know but both the Daily and Weekly chart of the USDX have a very bullish W/Bottom. For those who don't know these patterns, they are basically a double/bottom or bottom1 & a bottom 2 and a W is formed as price is written up to a Neckline which is the yellow lines on the daily and weekly charts here. I initially thought and stated that the USD$ may run up to 1.11 /1.12 and from a technical standpoint of these W/bottoms that is exactly where price may end up. But lots can happen in the meantime. Briefly on Gold and Silver: The Gold price has turned around bullishly after turning down in a Double/Top for many days. This turnaround also coincides with the bottom trend-line which is also the bottom line of a Triangle formation on the daily. Next trading day I would expect Gold to continue to climb for a couple of sessions before turning back down to the trend line and bottom of Daily-triangle which is all but complete and price would then either breakdown or breakout from triangle. I think that despite the USD$ continuing to climb, the Gold price will do the same thing and climb but probably won't go to an ATH just yet. Silver has a bearish Head n Shoulders on the Daily. Price will retest the sell area next session on the daily which means the Silver price will get a false Long rally and selling will resume into the daily H n S pattern. The Silver price is right on the daily 200ema and back in January and February 2024 price got a little below the 200ema and then took off on a Long rally. Same thing expected, the HnS will play out and price will fall back a little more and then a buying spree and rally upwards will commence in Silver, possible just before the New Year.
PEPPERSTONE:USDXLong
by Easy_Explosive_Trading
Long dxyCurrently believed that dxy is or has started a wave 5 impulse to new highs. I believe that this will cause corrections across stock and crypto markets, potentially for next two years. Bitcoin may have toped, I, a, looking for a pull back to low 70 this next 12months being a A wave on a large scale corrections, with a push up before failure and settling around 40k regions before a few impulse out to 180k. I will monitor for sideways accumulation around 45-40k. This is my current bearish plan 21.12.2024
TVC:DXYShort
by belikeliquid
DXY - Can Get To $108DXY This is now a very strong bounce and a bullish morning star candle pattern is printing on the month chart still with half the month to go. I think this may be first major bounce from the market topping slump back in 2022... From the crash low I see it as an AR "Automatic Rally" (short covering) into a 3 wave correction... And now the real bounce which may end up being a higher time frame 3 wave correction that Elliott Wavers might call a WXY. This is starting to look like it will be the obligatory minimum 0.618 @ $108.7 retracement as per crash structure ratios and it can of course explore into the Golden Window up to 0.786 @ $111.3 overshoot ratio and even a little beyond. This is great for currency trades long dollar and as you know I posted a short GBPUSD trade (see linked idea) a while ago. That trade should have some legs if dollar gets to the Golden Window, which I think it will if the month closes here or above. Pull backs along the way of course. Not advice
TVC:DXYLong
by dRends35
2
Silver gold oil dxy12.20.24 this is a tough day for me. I had a hard time finding the words and I'm sure that added to some confusion... and it was very stressful for me. I decided to post the video since it took a good amount of time and the content was acceptable even if the presentation was awkward. I was trying to find the word for hyperinflation and I was trying to find the word for Reserve currency a sense the US dollar is a lot more bullish than I would expect. and while a lot of the markets in the index markets have gone lower the S&P is still quite strong which surprises me and so I am wondering if Trump's strategy to save the United States and the US currency might be a positive sign despite the horrible debt that that has occurred because of corrupt, component politicians on both sides. the whole world is corrupt says almost all the major countries have terrible debt even if it's less debt than the United States. personally I evaluate markets through patterns and... not the experts because I don't believe what they say not smart enough to know if it's because they're stupid where they're dishonest.... so I read the price bars on the chart.
TVC:DXY
by ScottBogatin
1
two buy positions on the DXY (U.S. DOLLAR INDEX)Here’s a structured plan for managing two buy positions on the DXY: --- 1. Entry Plan First Buy Position: Entry: 107.000 Likely Reason: Anticipation of strong support at this level, possibly near a significant technical or psychological level. Second Buy Position: Entry: 107.830 Likely Reason: Market reversal or breakout confirmation at this higher level. TVC:DXY 2. Risk Management Stop-Loss Levels: For the 107.000 position: Below 106.800 (to avoid a deeper pullback). For the 107.830 position: Below 107.500 (to account for short-term fluctuations). Position Sizing: Use smaller lot sizes for the second position if risk increases near resistance zones. --- 3. Take-Profit Strategy Conservative Targets: For both positions, a short-term take-profit can be set at 108.200, which may align with minor resistance. Aggressive Targets: Extend profit-taking to 108.500 or 109.000, depending on momentum and fundamental triggers. --- 4. Monitoring Key Levels Support Zones: Strong support at 107.000: Look for price consolidation here if it drops further. Resistance Zones: 108.000–108.200: Watch for profit-taking or reversal at these levels. 109.000: A more aggressive upside target.
TVC:DXYLong
by TRADE_CENTER_1
DXY Will Grow! Long! Here is our detailed technical review for DXY. Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 108.242. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 108.539 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
2
DXY Will Go Up From Support! Long! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 106.945. Taking into consideration the structure & trend analysis, I believe that the market will reach 108.251 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1