LongerDXY is setting up to get close to 110. it will face resistance around that level. You can call the pattern a raising broadening wedge.
USXUSD trade ideas
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.
DXYThe U.S. Dollar Index (DXY) tracks the value of the U.S. dollar against a group of major global currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.
Recently, the dollar experienced a slight decline, partly due to the start of the new U.S. presidential administration, which did not immediately introduce new tariffs. This led to reduced concerns over trade restrictions, causing a modest pullback in the dollar’s value.
Despite this short-term dip, the dollar has strengthened over the past year, supported by solid economic performance in the U.S. Financial experts expect the dollar to maintain its strength in the coming months, though potential shifts in trade policies, especially concerning Canada and Mexico, could influence its future direction.
Key dates related to trade policy decisions may bring volatility, and analysts are closely watching upcoming reports that could lead to new tariff implementations, affecting the dollar’s trajectory.
DXYThe U.S. Dollar Index (DXY) is a measure of the U.S. dollar’s value relative to a basket of six major foreign currencies:
• Euro (EUR) – the largest component (~57.6%)
• Japanese Yen (JPY)
• British Pound (GBP)
• Canadian Dollar (CAD)
• Swedish Krona (SEK)
• Swiss Franc (CHF)
DXY rises when the U.S. dollar strengthens against these currencies and falls when it weakens. It is widely used by traders, investors, and policymakers to assess the dollar’s strength in global markets.
The DXY experiences declines as it reacts to monthly supply zoneThe DXY experiences declines as it reacts to monthly supply zones, while the gold market remains steady amid this shift. Market participants should watch for further corrections in the DXY and potential demand shifts in gold. follow for more inisights, comment and boost idea
DXY Dive Incoming? Watch the Liquidity Zones!From the higher timeframe perspective, DXY is currently hovering within a key monthly Fair Value Gap (FVG), marked in red. This zone serves as a critical point of interest and could dictate the next directional bias for the dollar.
Key Observations:
Current FVG Zone:
-Price is consolidating within the monthly FVG. A close below this zone would provide stronger confirmation of a bearish move targeting lower liquidity levels.
Bearish Bias:
-The recent price action indicates weakness as sellside liquidity (SSL) is beginning to show signs of attraction.
-The presence of significant sellside liquidity targets below, including:
-105.411 (Weekly SSL - Sweep)
-103.370 (Weekly SSL - Next Zone)
-100.215 (Major Daily SSL Zone)
Messy Market Conditions:
-Due to fluctuating macroeconomic factors, including USD news events, we may observe temporary rallies or retracements. However, these are likely to form lower highs before continuing the descent.
Confirmation Levels:
-Bearish Confirmation: A daily or weekly close below the monthly FVG would solidify the bearish case, signaling that sellside liquidity at 105.411 and lower levels are likely next.
-Bullish Risk: If the current FVG holds as support and price pushes higher, we could see an attempt to retest higher zones (e.g., 109.535) before resuming downside momentum.
Conclusion:
The expectation is for DXY to drop towards sellside liquidity levels at 105.411, 103.370, and potentially as low as 100.215. However, traders should await a clean confirmation (such as a close below the monthly FVG) to validate the move.
DYOR (Do Your Own Research) and trade safely amidst potential market volatility!
Let me know if you'd like any refinements!
KURDFX11 INDEX USDA small explanation.
By breaking the second zone, the dollar drops to the bottom zone.
posibility of uptrendDue to the behavior of the indicator within the current resistance level, possible scenarios have been identified. It is expected that the upward trend will continue.
DXYWe stongly bullish, as we can see we from a storng psycological level and price rejected multiple times that zone. And adding as weekly cot report DXY is strongly bullish. The next strong resistance zone is 110
Market Forecast $SPX (Jan 19th—> Jan 24th)### **Market Forecast (Updated 1/19/2025)**
SPX - Market held the MOB level I mentioned last week, we are starting to bounce and move up.
Ideally we should be looking for buy opportunities.
Next resistance: 6050 and 6,136
Next support: 5,920 followed by 5,832
Weekly Sentiment: Bullish
I would like to tell friends that the dollar will fly in the skyI would like to tell friends that the dollar will fly in the sky in the penultimate wave.
$MMBM DXY 1HTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$MMBM DXY 4HTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$DXY MMBM DAILYTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$DXY MMBM MONTHLYTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
I would like to tell friends that the dollar will fly in the skyI would like to tell friends that the dollar will fly in the sky in the penultimate wave.
DXY BullishI just to see a 15min market structure shift in that 4H.+OB. then looking to take it higher using a London session or NY Am session.
Risk Management is the key all the way...
DXY Bias - Bullish Dollar index to rally this week Jan 19, 2025.
Use of Smart Money Concepts in Analysis
DXY MAY STAY STRONG FOR A MOMENTThe chart indicates a bullish bias in the short to medium term, with Wave C targeting higher Fibonacci extensions.
However, key levels to watch are:
110.00 (resistance).
108.70 (support).
A break in either direction will provide confirmation for the next significant move.
DXY Trading Journal DXY Trading Journal
Jan 19
Price is delivering to a discount on the Previous weeks range in a consolidation pattern since Wednesday. Cool to see Price react at the event horizon level-marked in RED DOTTED LINE, as well as the NWOG reactions.
By Friday Price broke the equal highs and poked above the 50%. For the week I suspect Price will seek higher prices. Target is the clean equal highs and the 15M FVG to rebalance for the week ahead delivery.
Jan 20 ideas
My analysis leads me to expect that Price is delivering to Premium from Fridays range and Price should seek lower prices in Asia and in London to take the equal lows/15M FVG before seeking higher Prices.
Trump is going into office tomorrow be nimble because Price is on the 50% and Price could bull rally tomorrow to.
DXY Trading JournalDXY Trading Journal
Jan19 Weekly Analysis
Price is delivering to a premium on the M, W and daily.
Price is rebalancing a Monthly SIBI and wicked up to the .70 HTF level.
Price did seek lower prices last week rebalancing a daily FVG from Jan 8. and inefficient delivered price-volume imbalance from Jan 9.
Friday Price bounced off the .618 and taking buy side liquidity, while creating clean equal lows.
Trump takes to office Monday. WEF orange folder all week. Friday heavy news day.
DXY Trading Journal DXY Trading Journal
Jan 17 Analysis
I expected for Price come down to the equal lows before rallying to rebalance the hour FVG at the 50%, to which Price rallied to rebalance both FVG and close above the noted clean equal highs.
Amazing delivery. Very Happy with my analysis.
