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DXY trade ideas

DXY pullback to kick-off 1Q2024The 5th leg higher over the December period played out as predicted in my previous idea (link below) and the index is currently testing the 61.8% Fibo retracement level at 108.73. The RSI index is however hovering in the overbought zone which may be an indication of the start of a corrective wave lower to kick-off the 1Q2025. I expect the DXY to depreciate towards the support zone between 106.50 and 107.38 before the index makes another leg higher towards the 2022 high of 114.80. The support zone also coincides with the 50-day MA currently at 106.34.
TVC:DXYShort
by Goose96
DXY - ANALYSISHello, everyone! I hope you're all doing well. Today, I want to share my personal view on the Dollar Index ( DXY ) with you. Based on what I see from the Dollar Index, I’m expecting a price drop toward the 108.07 level. After DXY reaches that zone, I see two possible scenarios: 👉 Scenario One : The Dollar Index bounces upward from that zone and starts a bullish move. 👉 Scenario Two : If the 107.740 level breaks on the1h timeframe, we could see further downside for the Dollar. Trade safe
TVC:DXYShort
by PouyanTradeFX
DXY ... Dollar ideas for the near termMore specific look at TVC:DXY levels and their corresponding relation to past price action..local action but trends are global chart ultra-high to ultra low...or recent ultra-high to -ultra-low The many crosses at the bottom don't occur much, but they really help to set bottoms...just as few lines in space allow for more wild price action until otherwise met at a higher or lower level... Always remember, these are charts- not reality. When your chart shows great action and then you look out the window and can't relate- its cause its all a paper game- keep that in mind. Copper takes at best 17, and at worst 30 years to come online for new supply in regards to a mine. Other than the Congo or South America---not much out there. So chart all you want, but you may be a 3rd of a century older until a magnificent mine gets its first nugget of partially refined ore. So here is a simple example...If you decided you wanted to be a neurosurgeon but you didnt want to get a specific shoulder sticker- you missed out from 2020 to at least 2023 in some states...now you are 4 years back from college, like 3 or 4 from med school, 6 or so from residency, and 1 to 2 years from actual surgery. Ergo...One action of a few people caused a 3 or 4 year delay, that already takes what 16 or more to complete if done on time and pass everything. There is no argument here or politics..just facts. Too many Gretas got shares in renewable companies and didnt want Exon or Valero from becoming bigger and more efficient...now what?
TVC:DXY
by CYQOTEK
#Dollar / #Bitcoin correlation I've previously described the correlation, and it's clear to everyone: a weaker DXY is positive for BTC. 📝Recently, the dollar has grown significantly and seems close to a local maximum (the chart is inverted). This demonstrates the strength of Bitcoin, as it was able to rise even against a strengthening dollar. 💡Imagine its movement when the new administration plans to lower the dollar price like they did last time. I think we will see a similar scenario as in 2017, when the dollar, from a local maximum, begins to provide a tailwind to the movement of assets that trade against it.
TVC:DXY
by FeelsStrategy
The Power of Negative Correlation: DXY vs. GBP/USDThe relationship between the U.S. Dollar Index (DXY) and GBP/USD exemplifies a classic case of negative correlation in the forex market. As the DXY tracks the strength of the U.S. dollar against a basket of major currencies, a rise in the DXY typically results in a decline in GBP/USD, and vice versa. This inverse relationship reflects the direct impact of dollar strength on the British pound, which makes analyzing both charts together a powerful tool for identifying high-probability trade setups. In the attached charts, the DXY shows a bullish breakout and retest pattern, suggesting further upside potential as it moves toward the 109.500 level. Meanwhile, GBP/USD mirrors this movement inversely, with a bearish trend forming and a projected move toward the 1.23500 support zone. These complementary patterns not only confirm the negative correlation but also offer insights into potential price action, allowing traders to align their trades with broader market sentiment. For traders, understanding and leveraging this negative correlation can enhance both risk management and trade timing. By monitoring DXY for signs of dollar strength, traders can anticipate potential downward moves in GBP/USD. This approach, combined with breakout and retest strategies, offers a clear framework for capitalizing on these movements. Keep an eye on key support and resistance levels on both charts for optimal trade entries.
TVC:DXY
by Marc_Thiart
Apparently, bright days are ahead of DXYDXY has underwent a reversal: 1- A clean inverted head and shoulders 2- A dropping wedge break high (Which is a reversal at the end of the bearish move) 3- Break and retest of the inverted head and shoulders and the wedge simultaneously 4- Ichimoku cloud broken high as well, indicating the shifting trend bias Expect the target area as marked on the chart either by the end of this year or whenever FED announces rate cuts. Best of luck and happy trading!
TVC:DXYLong
by Uzi-Trades-Forex
2
DXY at 108.4: The Dollar’s Midlife Crisis—Breakout or Breakdown?Alright, traders, let’s not sugarcoat it. What you’re looking at here isn’t just another chart—it’s the U.S. Dollar Index (DXY) standing at the gates of destiny. 💥 🔥 The Setup: Testing the almighty 108.4 resistance. Will it smash through like a battering ram or faceplant into oblivion? 🤔 Riding the top of the Bollinger Bands like it’s a rollercoaster at peak speed. Overbought much? 🎢 RSI? She’s chilling at 59 —neither here nor there but whispering “don’t count me out just yet.” 🧘‍♂️ 🚀 The Bullish Dream: Break 108.4, and this thing’s flying to the moon (or at least 112). Bulls will party like it’s 1985. 🐂💃 💀 The Bearish Nightmare: Rejected here? Say hello to a pullback at 104, and if things really hit the fan, we’re looking at 100.6. Bears will sip their coffee smugly. 🐻☕ But here’s the kicker: DXY isn’t just a chart—it’s the puppet master pulling the strings of everything from Bitcoin to gold to your morning cup of coffee. ☕ (Yes, inflation is still a thing.) ⚡ Final Word: Whether it breaks or bends, this is the make-or-break moment for the dollar. Get ready for fireworks. 🎇 George out. ✌️ #DXY #DollarIndex #Forex
TVC:DXYLong
by RoadToAMillionClub
2025 Outlook : DXYThe U.S. Dollar Index (DXY), which measures the dollar's value against a basket of major currencies, has shown notable strength in the last quarter of 2024. This trend is influenced by several key factors: 1) Federal Reserve Policy and Inflation Concerns The Federal Reserve's renewed cautious approach to interest rate cuts has been pivotal in supporting the dollar's value. Concerns about inflation, potentially exacerbated by anticipated fiscal policies under President Donald Trump's administration, further contribute to this cautious monetary approach. The Fed's reluctance to reduce rates aggressively may continue to bolster the DXY. 2) Economic Performance and Trade Policies The U.S. economy's robust performance, coupled with expectations of new tariffs and tax reforms under the Trump administration, is anticipated to sustain the dollar's strength. However, these policies may lead to increased inflationary pressures, influencing the Fed's monetary decisions and, consequently, the DXY's trajectory. 3) Global Economic Comparisons Comparatively weaker economic growth in regions like Europe and Japan, where central banks maintain dovish policies, enhances the dollar's appeal. This divergence in economic performance and monetary policy stances contributes to the DXY's bullish outlook. Projections for the DXY in 2025 may vary. A rise to around the 115 level (2022 high), driven by the factors mentioned above, seems very likely. Additionally, based on the Fibonacci Extension, the DXY could possibly reach a high of 124.50 in the long-term. However, fluctuations are anticipated at those historic high levels, with some significant declines. While the current outlook for the DXY appears bullish, it's essential to consider potential risks, including: - Trade Policies: The implementation of new tariffs could introduce uncertainties affecting the dollar's value. - Global Economic Conditions: Improvements in other economies or shifts in their monetary policies could influence the DXY's trajectory. - Domestic Economic Indicators: Factors such as the U.S. budget deficit and overall economic health will play significant roles in shaping the dollar's strength.
TVC:DXYLong
by JinDao_Tai
4
DXY Dollar Index Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the DXY Dollar Index market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point after the Breakout. however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 110.500 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Based on the fundamental analysis, I would conclude that the DXY (US Dollar Index) is: Bearish Reasons: Interest rate differential: The Federal Reserve's (Fed) interest rate (4.50%) is high compared to other major economies, but the rate hike cycle is expected to slow down, which could lead to a decline in the DXY. Economic growth: The US GDP growth (2.1%) is slowing down, and the economy is facing headwinds from trade tensions and global economic uncertainty, which could lead to a decline in the DXY. Trade balance: The US trade deficit (USD 50 billion) is large and growing, which could put downward pressure on the DXY. Fiscal policy: The US fiscal policy is becoming increasingly expansionary, which could lead to a decline in the DXY. However, it's essential to consider the following risks: Global economic slowdown: A slowdown in global economic growth, particularly in China and Europe, could lead to a flight to safety and support the DXY. Geopolitical tensions: Escalating geopolitical tensions, particularly in the Middle East and North Korea, could lead to a flight to safety and support the DXY. Fed's monetary policy: The Fed's dovish stance and potential interest rate cuts could support the DXY. Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
CAPITALCOM:DXY
by Thief_Trader
1