Direction of the DXY for this week Direction of the DXY for this week
seems like an up trend will need to fill up FVG up there
at the opening of the market DXY will go down but for the long term will go up ....
USXUSD trade ideas
BTC Tops vs DXY BTC vs DXY Chart.
I am looking at 3day timeframe BTC and comparing this to DXY tops 2017 $104.00
DXY was it was $1.00 back in 2015 peak, it was in a reaccumulating pattern.
I am noticing that BTC is following the same pattern, it will be forming a reaccumulation pattern, which means 100k is the tops and we will be expecting a push down back to around 40k range before bounce back to 100k and so forth as seen with DXY.
DXY POTENTIAL BUY OPPORTUNITY!DXY (US dollar index) May continue to wax stronger! From the technical standpoint, we can see how price formed a double button and successfully broke the neckline. This is an insight that buyers are likely to dominate the market and trade a new high! Coming week we anticipate retail sales report and Fed rate cuts. It’s good we stay informed and plan accordingly for the week!
Buyside liquidity needed For long term short ahead. 12/13-12/20i am looking for Sellside imbalance buy side inefficiency to get tapped into and a market structure shift for a Swing trade on dxy/usd pairs - if it doesn't give me a market structure shift and a reaction then i will wait for the buyside liquidity to be breached and to be patient. There will definitely be a scalp coming into Monday NY session.
I am going to be patient and wait i will be using stop losses and wait to see how this plays out for swinging. i think it would help you guys to see my scalps because im only scalping for 15pips no more than 30pips at most
if i do get a scalp i will show and post win or loss transparency is a huge thing right now
DXY Technical Analysis: Quasimodo Pattern Alert!The DXY (US Dollar Index) chart reveals a significant Quasimodo Pattern, a classic trend reversal signal indicating potential downside momentum. The key resistance level at 107.14 stands strong. If this level isn’t broken, we may see the price sliding down to the 104.13 support zone.
💡 What does this mean for the markets?
1️⃣ Forex: A weaker DXY could drive EUR/USD and GBP/USD higher, while USD/JPY might head lower.
2️⃣ Gold: A declining dollar often supports gold prices, pushing them upward.
3️⃣ Crypto: A DXY drop may provide a bullish push for risk assets like BTC and ETH.
4️⃣ Stock Market: A weaker dollar could benefit US exporters, potentially boosting equity markets.
🔍 Key focus now: Will the 107.14 resistance hold, or will we see a reversal from here? Stay tuned—big moves could be ahead! 📉📈
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DXY Best level for a long-term short.The U.S. Dollar index (DXY) has been trading within a 1.5 year Channel Up pattern (since July 14 2023) and just 2 weeks ago it formed a Golden Cross on the 1D time-frame. Having hit the pattern's top a week earlier, the current rebound seems to technically be part of the Lower Highs/ Lower Lows top formation, similar to October 03 - November 01 2023 peak.
That was 1 year again, a peak formation that was also formed after a 1D Golden Cross. This indicates that the long-term pattern (Channel Up) is highly symmetrical and as the 1W RSI is also declining after a rejection on the 70.00 overbought barrier, we consider the current level the best possible short entry.
The Bearish Leg that followed the 2023 High extended as low as the 0.786 Fibonacci level. As a result, we expect to see at least 102.000 (just above the 0.786 Fib) before any signs of a rebound.
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Trend LineHere we see in the upward trend how the trend is corrected through the previous rise, we conclude the corrective decline and vice versa -
Buy DXYOur last buying idea hited our target
Now reached our strong supply zone and retested successfully
Just open into sell now and hold till target
DXY going downDXY is ready for a leg down, after bear div and topping within projected time on Daily. On 4H it's building up to a nice #SBS shape, where we can expect a move down. 4H time projection says downwards into start of, or mid, February.
Dollar Index (DXY): Very Bullish Sentiment
Dollar Index completed a consolidation, violating
a resistance of a wide horizontal range on a daily.
It opens a potential for more growth.
The market may keep rising, at least to 107.45
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check the trendIt is expected that a trend change will form within the current resistance range and we will witness the beginning of a downward trend. By passing the resistance range, the upward trend will likely continue
DXY- Will it continue up into year's end?December is usually a bearish month for the USD. However, this time, the situation could be different. The USD seems well-supported by fundamentals, and the technicals are looking bullish.
Looking at the 4-hour chart, we can see that after the local high at 108, the index started to fall and broke below the support from the April-May highs (old resistance). However, after hitting a low at the 105.50 zone, the USD Index reversed, breaking above the falling trendline of the corrective falling wedge and also reclaiming the 106.40 resistance.
At this moment, there is a high chance of upward continuation, and as long as the 106–106.40 zone remains intact, the outlook remains valid.
Is USD Setting Up for a Retrace?👀 👉 The DXY (USD) has shown strong momentum, rebounding sharply from a key support level and pushing into this 4H resistance zone. In my view, the price seems overextended, and I’m anticipating a retracement within the current price swing range back to equilibrium. 📢 *Disclaimer: This content is not financial advice.
DXY Analysis Asia and LondonDXY Analysis Asia and London
Dec Friday 13
Price is in a Premium
I would like to see Price could come down to the 50% and possibly .618 where there is a FVG.
We could see consolidation for Asia and expansion in London.
DXY on the rise.DXY has completed its Wyckoff Accumulation and is headed higher.
The DXY strengthening supports shorts on XX/USD pairs.
DXY_1D&1WAnalysis of the US dollar index Analysis in medium and long term time frame The index is in an upward trend and can continue to rise only by maintaining the trend line. In terms of price action, two numbers 102.200 and 105.700 are important and as long as the price is maintained above these two numbers, the trend is upward. Unless the downward trend line is broken, different conditions should be analyzed and checked again.
I think its time for the USD reversal. Bull flag trap is set.They always make it look like bull flat before reversing it.
Will it play again, maybe, anyway 6 Months ClS range was tagged and we are back inside.
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
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DXY Formed Wave Pattern!Looking for Impulse Up.
DXY formed 1,2,3,4,5 & a now wait for wave b to get in with wave c. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
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U.S. Dollar Index (DXY weekly time frame analysisAs of the weekly time TVC:DXY frame, the U.S. Dollar Index (DXY) is trading around 106.59, which places it in an important Fibonacci retracement zone. Here’s an analysis of its current position:
Current Position on the Weekly Chart (DXY at 106.59):
1. Fibonacci Levels:
50% Fibonacci Retracement: The current level at 106.59 is near the 50% Fibonacci retracement level of the previous downtrend from 114.00 (2022 high) to 100.00 (2023 low). This retracement level is crucial as it often serves as a turning point. The 50% level is typically seen as a major resistance or support level.
61.8% Fibonacci Retracement: The next key level above 106.59 is 107.50, which corresponds to the 61.8% Fibonacci retracement. If DXY breaks through 107.50, it could signal a continuation toward the next key resistance near 108.50.
2. Support Levels:
If DXY fails to hold 106.00–106.50, the next potential support levels would be at 104.50, which corresponds to the 38.2% retracement of the broader move.
Outlook:
Bullish Scenario: If DXY stays above 106.50 and moves toward 107.50 or breaks it, this would suggest a continuation of the upward trend, potentially targeting 108.50 or higher.
Bearish Scenario: A drop below 106.00 could signal weakness, with the next significant support at 104.50.
The DXY’s behavior around these Fibonacci levels will likely be key in determining the next short- to medium-term direction for the dollar. Watching the upcoming U.S. economic data releases will be essential for confirming these technical signals.
DXY Poised for Potential Reversal - Update Fundamental AnalysisDXY Poised for Potential Reversal - Update
DXY tested a strong zone dating back to September 2024. The odds suggest that DXY could begin a reversal process from its current position near 107.50 - 108.00.
Based on previous analysis, DXY performed well, and the chances for a similar performance are high.
The support areas to watch are located near 106.20, 104.70, and 103.50.
However, on the bigger picture, it's expected to move down even further up to 101.00
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Thank you:)
DXY STILL BEARISH AFThis move up these past few day is just to clear liquidity as SMC traders will say; to retest the neckline of the head and shoulder as some others will say; to retest the 50% fib; to return to discount level etc.
The point is... it is going down and to get an entry, you have to see it before it prints and that's what I'm here to show you.
The only thing that can go wrong is that it may shake out early sellers by taking out 106.8 again but I dont think it's likely, but be open to it. I'm already in...
