US Dollar Index Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here.
DXY trade ideas
it is now looking like a top in the making PEPPERSTONE:USDX the whole euphoria with donald trump is now giving away its price and it is looking like we should have a top here because there is a clear breakout failure so it may decline or it can rest for some time now that looks more likely now rather than carrying the bull trend
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure.
The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend.
This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
DXY FORECASTIn this forecast we are analyzing 1H time frame for finding the upcoming moves. Today I'm looking for buy opportunity. As we know that market create a clear break of structure and price continue moving upside. If this high is valid than market will need inducement or liquidity, so I'm expecting from market that price first came down and hunt previous SSL and than continue moves in upward direction. Let's delve deeper into these levels and potential outcomes.
Use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my prediction.
#DXY 1H Technical Analyze Expected Move.
DollarDXY - U.S Dollar Index
Completed " 12345 " Impulsive Waves
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Change of Characteristics
DXY Is Going Up! Long!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 108.922.
Considering the today's price action, probabilities will be high to see a movement to 110.143.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
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The DXY is currently in a critical position appears to be forming a harmonic pattern. Based on AB = 50% and BC = 161.8%, we expect the DXY to reach the D Point, where a significant reversal or continuation of the trend could occur.
AB Leg: The DXY retraced 50% Fibonacci retracement, confirming a solid start to the harmonic structure.
BC Leg: The second move (BC) extended to 161.8% Fibonacci extension, which is a key level for harmonic confirmation.
DC Leg:
We are now waiting for the price to reach D Point, likely around a Fibonacci retracement level such as 78.6% of XA.
Once it hits that level, we can expect a strong reversal or a continuation of the trend depending on the market behavior.
What to Expect?
If the DXY respects the D Point, we could see a major reversal (USD either gaining strength or weakening, depending on the direction).
If the DXY breaks above D Point, the harmonic pattern will fail, and the trend could continue in its current direction.
Where to Watch for Risks:
Look for confirmation signals like divergences or candlestick patterns at the D Point to avoid entering a failed trade.
The DXY is currently in a critical zone, so wait for confirmation before taking action. Be cautious of a breakout above the PRZ (Potential Reversal Zone)!
Levels discussed on livestream 6th Jan 20256th January 2025
DXY: Consolidating along 108.90, could test 108.50 (61.8%) before trading higher again to 109 round number (below 108.50 could test bottom of channel)
NZDUSD: Sell 0.5575 SL 30 TP 60
AUDUSD: Sell 0.6265 SL 30 TP 60
GBPUSD: Wait for reaction at 1.25 round number resistance level
EURUSD: Look for rejection of 1.04, Sell 1.0315 SL 30 TP 90
USDJPY: Sell 157.65 SL 50 TP 150
EURJPY: Buy 163.55 SL 40 TP 120
GBPJPY: Sell 196.40 SL 50 TP 150
USDCHF: Look for reaction at bottom of channel 0.9060 or support level 0.9020
USDCAD: Ranging between 1.4335 and 1.4465
XAUUSD: Break 2624 to trade down to 2610 (bullish trendline)
Mighty Dollar Eyes Further GainsThe US Dollar Index (DXY) commenced the new year on a strong note, breaking out of its consolidation phase and surging toward the 109.50 level on January 2.
◉ Technical Observations
● The daily candle close on Friday formed an inside bar bearish candle, indicating a potential pullback in the week ahead.
● Immediate support levels are situated between 107.50 and 107.00.
◉ Market Outlook and Key Events
The US jobs report comes out on Friday and will be the main focus for the market this week. A strong jobs report could strengthen the US dollar, affecting emerging markets and commodities.
DXY Continues bullish momentum from 108.600For the DXY, I anticipate a corrective move, as the price has recently broken structure to the upside. This break has created new demand zones, which we can expect to act as strong support, allowing bullish momentum to continue.
This week, my focus will be on the 8-hour demand zone around 108.600. If the price mitigates this zone, I’ll look for lower time-frame confirmation to enter a trade. My target will be the 8-hour supply zone above, where I anticipate some bearish pressure may emerge.
However, if the price moves lower and breaches the 8-hour demand zone, I’ll shift my attention to the extreme 5-hour demand zone for a potential buying opportunity, aligning with the overall bullish trend.
Let’s stay sharp and make the most of this week. Let’s crush Q1!
DXY SELL IDEADXY is currently in its 5th wave, the wave 5 is the completion of the bullish trend, i am expecting a change of market direction once the red trendline i drew is broken, i call that the risk trendline. For entries; look for the break of risk trendline and set your SL above the high. This is a swing setup, so you have to be patient, take into account risk management, all emotions aside, we are trading not playing.
$dxy 104.5 Hola ,
so we poke above the multi year pennant and bouncing of the 7 ema
rsi topped out and looking for a test of 104.5 before it starts accelerating
let see what happens to our metals with this obviously reclaim 108.2 and this idea is invalidated
but with Sivler doing a sweep of a key level and reclaiming $29 am still holding my spot and waiting on $35 to be broken
let see what we get soon
DXY : The D is strongThe chart above explains.
As I explained previously, there is still some juice left - approx 25% - for the dollar to advance.
The more it moves UP, the more 'expensive' it becomes, until eventually, demand evaporates - as with all $--denominated assets.
As always, watch the US10Y.
Good luck.
DXY - 4H🕯 **Weekly Analysis of the Dollar Index** 💵
📌 Based on the chart, the price has two likely scenarios ahead, which you can observe in the image. To identify the main price movement, you should pay close attention to the micro-waves at the beginning of the week.
DXY: Bullish reaching 110 levels- Expecting Dollar index to be bullish to the end of the year ,
- On a short-term basis you can see price retested to the demand zone last week and swept the liquidity from the last minor low at 105.600 and closed above with a strong bullish daily candle.
- Next minor high at 106.700 could be a great confirmation for the move so consider closing above that price your final signal.
It precious metals oil dxy1.3.25 I find it helpful the categorize the market in ways that are more specific than trending or ranging. there are intermediate patterns that can give you solid information including what reasonable targets you can use before you actually start the trade. near the end of the video I stumbled on the silver market which actually triggered long and short trades with relatively small risk....... and one reason you could think as a stop in Reverse traitor in that market because it characteristically has higher volatility than most markets it because 1 point is 1000 of dollars. so if you like action and you don't mind spending more time in front of the screen you can get that from Silver. I am not recommending silver because it doesn't take too many mistakes to lose a lot of capital. in fact gold is not a trade to start out with for the same reasons but I think there is a smaller contract and I know there is a smaller contract for oil which I think is a great Market... so if you start out with oil make sure it's the qm I think.... the smaller contract... half the return but half the risk. always be risk adverse. I spent more time than I should have over 30 minutes for sure... I'm sorry about that, but there are some subtleties to patterns that that are not really that subtle when you look at them with a Discerning Eye. it is possible that the oil will trade higher from its current price and then I would add another range box above the current range box... I did not get to talk about that on this video. on the other hand while I am generally bullish on the precious metals, my gut feeling on gold is that it's going to range for a while until something happens that changes my mind... and that would influence the way I would trade that market.
Dxy market keeps maintaining the bullish rally The DXY continues its bullish rally, breaching the 109.000 level and signaling strong upward momentum. Current projections indicate a potential demand zone forming around 107.900, which could serve as a key support for continued gains follow for more insights , comment, and boost idea
Dollar Index Heading Higherincredibly as it may seem considering the fundamentals, the trajectory of the Buck against all other currencies looks to still have room to travel. The pattern is moving in the late stages of a wave C up. Specifically on the fifth wave of C. This portends of a violent reversal. The first objective is moving under the channel projected from the end of wave A. Make no mistake about it the day in the sun for the dollar will end, and when it does, it will bleed hard.
Happy trading :)
DXY: HTF Analysis (72D)What’s Happening Now on the High-Timeframe?
The DXY measures the strength of the U.S. dollar against other major currencies. On the 72-day chart, we’re seeing signs of a potential shift, but the overall trend is still in downtrend territory. Keep an eye on how the price reacts to these levels and stay ready to adjust your strategy!
RESISTANCE (Areas where price struggles to rise above):
If Resistance holds firm, Price Action could reach Support I (see below)
If Resistance is strong, Price Action could short to Support II (see below)
118.53 (Sell Limit Order II): the 2nd resistance level for sellers
117.09 (Supply Zone): This is a hard ceiling for now, far above the current price.
113.50 (Sell Limit Order I): the 1st resistance level for sellers
110.29 (Resistance) If the price keeps getting stuck here, it might fall back down.
SUPPORT (Areas where price might stop falling):
100.4180 (Support I): The first major safety net if the price drops.
95.8590: A deeper support that could attract buyers.
93.96 (Support II): The second major safety net if the price drops.
89.9269: A historical level where prices have bounced in the past.
OSCILLATORS (Measure speed or momentum of price)
Relative Strength Index (RSI): At 81.36, it suggests the price is overbought, meaning it’s been rising too fast and might slow down.
Commodity Channel Index (CCI): At 134.004, it’s signaling a potential SELL since the price might drop soon.
Momentum: Shows a weak SELL signal, suggesting the upward speed is losing steam.
MACD: Shows a small BUY signal, meaning there’s still some upward energy left.
MOVING AVERAGES (Track average price over time)
Most moving averages (10-day, 20-day, etc.) show a BUY, meaning the price has been above its averages and is in an uptrend for now.
Hull Moving Average: Shows a SELL signal, hinting at potential short-term weakness.
KEY TAKEAWAYS
The Good News (for buyers): The moving averages suggest that DXY is still in an upward move on shorter timeframes, with prices above key averages.
The Bad News (for sellers): Oscillators like the RSI and Momentum show that the current upward push might be losing strength. The market might correct (fall) soon.
If the price struggles to break 110.2990, it might fall back to 100.4180.
A breakthrough above 112.5000 could lead to a move toward the 118.5326 zone.
Even though we’re seeing some upward action now, the bigger trend is still downward. A reversal would need sustained movement above major resistance.
If price falls: Look for potential rebounds around 100.4180 or 95.8590.
If price rises: Be cautious as it approaches 112.5000, where sellers might come back in.
Right now, DXY is facing challenges near 110.3990. If it can’t push higher, it’s likely to fall back to lower levels.
Moving averages suggest strength, but oscillators are hinting at exhaustion. This mix of signals means you should be cautious and wait for clear moves.
DXY Parabolic Rally IncomingDXY recently reached its highest level since 2022 after a huge rally off of $100. This is a longer term monthly chart. We can see what appears to be bullish consolidation since 2022 between $100-$105. The next move will be up to that 2022 high followed by a move back up to the 2001 high and potentially higher. This will be a disaster for equities.
US treasury yields are about to skyrocket causing the collapse of the Japanese Yen and most likely many other currencies. The fed will have to pause the cuts, they may even be forced to hike again. The writing is on the wall. If I'm wrong and it falls instead, $100 is the next area I'd look for it to hold. As long as it holds there, it is still bullish on the longer term time frames in my opinion.
USD completing wave 5US Dollar index hit the long term 61.8% retracement at 108.95.
This could be the wave 5 completion, which may be a big resistance for the US Dollar to start the year.
